Three Months Ended June 30,

Six Months Ended June 30,

2024

2023

2024

2023

Net income applicable to common stock

$

975

$

1,431

$

2,096

$

2,229

Average number of common shares outstanding

11,072,607

11,164,563

11,072,607

11,196,255

Less: Average unearned ESOP shares

319,147

340,965

321,874

343,692

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

10,753,460

10,823,598

10,750,733

10,852,563

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

—

41,230

—

37,617

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

66,291

18,009

81,570

66,288

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

10,819,751

10,882,837

10,832,303

10,956,468

Earnings per Common share:

Basic

$

0.09

$

0.13

$

0.19

$

0.21

Diluted

$

0.09

$

0.13

$

0.19

$

0.20