Earnings per Share

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

Basic EPS is computed by dividing net income allocated to common stock by the weighted average number of common shares outstanding during the period which excludes the participating securities. Diluted EPS includes the dilutive effect of additional potential common shares from stock compensation awards, but excludes awards considered participating securities. ESOP shares are not considered outstanding for EPS until they are earned. The following table presents the computation of basic and diluted EPS for the periods indicated:

	Three Months Ended September 30,
	2025		2024
Net income	$	3,597	$	2,472
Shares outstanding for Basic EPS:
Average shares outstanding	10,420,613		10,986,327
Less: average restricted stock award shares not vested	31,476		83,379
Less: average unearned ESOP Shares	761,835		815,942
Shares outstanding for Basic EPS	9,627,302		10,087,006
Additional Dilutive Shares	266,551		129,388
Shares outstanding for Diluted EPS	9,893,853		10,216,394
Basic Earnings Per Share	$	0.37	$	0.25
Diluted Earnings Per Share	$	0.36	$	0.24

	Nine Months Ended September 30,
	2025		2024
Net income	$	8,167	$	6,901
Shares outstanding for Basic EPS:
Average shares outstanding	10,515,467		11,072,685
Less: average restricted stock award shares not vested	54,975		138,637
Less: average unearned ESOP Shares	775,261		829,418
Shares outstanding for Basic EPS	9,685,231		10,104,630
Additional Dilutive Shares	258,045		106,245
Shares outstanding for Diluted EPS	9,943,276		10,210,875
Basic Earnings Per Share	$	0.84	$	0.68
Diluted Earnings Per Share	$	0.82	$	0.68