Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share

Schedule of earnings per share, basic and diluted

	Year Ended December 31,
	2025		2024
Net income (loss) applicable to common stock	$	10,045	$	(8,620)
Average number of common shares outstanding		11,100,624		11,074,170
Less: Average unearned ESOP shares		294,603		316,420
Average number of common shares outstanding used to calculate basic earnings per common share		10,806,021		10,757,750
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share		5,423		—
Additional common stock equivalents (stock options) used to calculate diluted earnings per share		145,984		—
Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share		10,957,428		10,757,750
Earnings (loss) per common share:
Basic	$	0.93	$	(0.80)
Diluted (1)	$	0.92	$	(0.80)

(1)    Because the Company was in a net loss position for the year ended December 31, 2024, diluted net loss per share is the same as basic net loss per share, as the inclusion of potentially dilutive common shares would have been anti-dilutive. The weighted average anti-dilutive common shares not included in the calculation of diluted earnings per share were 97,954.