For the Three Months

For the Six Months

Ended December 31,

2022

2021

2022

2021

Net income applicable to common stock

$

301,400

$

284,865

$

812,553

$

701,956

Average number of shares outstanding

2,229,423

2,229,497

2,229,460

2,229,497

Less: Average unallocated ESOP shares

80,842

84,586

81,279

85,276

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

2,148,581

2,144,911

2,148,181

2,144,221

Effect of dilutive restricted stock awards

4,329

—

3,660

—

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

2,152,910

2,144,911

2,151,841

2,144,221

Earnings per common share:

Basic

$

0.14

$

0.13

$

0.38

$

0.33

Diluted

0.14

0.13

0.38

0.33