Three Months Ended

Nine Months Ended

March 31,

2022

2021

2022

2021

(Dollars in thousands, except share and per share data)

Net income applicable to common stock

$

3,474

$

3,592

$

11,376

$

9,014

Average number of common shares outstanding

15,122,502

15,684,763

15,228,422

16,022,046

Less: Average unallocated ESOP shares

(956,727

)

(1,053,641

)

(981,234

)

(1,077,949

)

Average number of common shares outstanding used to calculate basic earnings per common share

14,165,775

14,631,122

14,247,188

14,944,097

Effect of equity-based awards

31,941

1,220

53,962

567

Average number of common shares outstanding used to calculate diluted earnings per common share

14,197,716

14,632,342

14,301,150

14,944,664

Earnings per common share:

Basic

$

0.25

$

0.25

$

0.80

$

0.60

Diluted

$

0.24

$

0.25

$

0.80

$

0.60