Three Months Ended June 30,

Six Months Ended June 30,

2023

2022

2023

2022

Net income applicable to common stock

$

1,431

$

2,029

$

2,229

$

4,082

Average number of common shares outstanding

11,164,563

11,183,583

11,196,255

11,183,583

Less: Average unearned ESOP shares

340,965

362,781

343,692

365,508

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

10,823,598

10,820,802

10,852,563

10,818,075

Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share

41,230

64,017

37,617

62,016

Additional common stock equivalents (stock options) used to calculate diluted earnings per share

18,009

107,609

66,288

121,369

Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share

10,882,837

10,992,428

10,956,468

11,001,460

Earnings per Common share:

Basic

$

0.13

$

0.19

$

0.21

$

0.38

Diluted

$

0.13

$

0.18

$

0.20

$

0.37