Employee Stock Ownership Plan	3 Months Ended
Mar. 31, 2022
Employee Stock Ownership Plan
Employee Stock Ownership Plan	Note 10 – Employee Stock Ownership Plan - As part of the stock conversion, shares were purchased by the ESOP with a loan from Eureka Homestead Bancorp, Inc. All employees of the Bank meeting certain tenure requirements are entitled to participate in the ESOP. Compensation expense related to the ESOP for the three-month period ended March 31, 2022 was approximately $16,000. The stock price when issued was $10 per share. The fair value of the 100,000 unallocated shares was approximately $1.5 million based on the average price of our common stock for the quarter ended March 31, 2022, of $14.68 per share.

Employee Stock Ownership Plan

3 Months Ended

Mar. 31, 2022

Note 10 – Employee Stock Ownership Plan -

As part of the stock conversion, shares were purchased by the ESOP with a loan from Eureka Homestead Bancorp, Inc. All employees of the Bank meeting certain tenure requirements are entitled to participate in the ESOP.

Compensation expense related to the ESOP for the three-month period ended March 31, 2022 was approximately $16,000.

The stock price when issued was $10 per share. The fair value of the 100,000 unallocated shares was approximately $1.5 million based on the average price of our common stock for the quarter ended March 31, 2022, of $14.68 per share.