(Loss) Earnings Per Share

3 Months Ended

Mar. 31, 2022

(Loss) Earnings Per Share

(Loss) Earnings Per Share

Note 3 – (Loss) Earnings Per Share -

Basic earnings per share (“EPS”) represents income available or loss attributable to common stockholders divided by the weighted average number of common shares outstanding; no dilution for any potentially convertible shares is included in the calculation. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company.

(Loss) earnings per common share were computed based on the following:

	Three Months Ended March 31,
(in thousands, except per share data)	2022		2021
Numerator:
Net (loss) income available to common stockholders	$	(14)	$	80
Denominator:
Weighted average common shares outstanding		1,180		1,190
Less: Average unallocated ESOP shares		100		103
Weighted average shares		1,080		1,087
Basic (loss) earnings per common share	$	(0.01)	$	0.07