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Earnings Per Common Share - Calculation of Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
[1]
Earnings per share:    
Net Income $ 1,010 $ 785
Less: Distributed earning allocated to participating securities 0 0
Less: Earnings allocated to participating securities (3) (2)
Net earnings allocated to common stock $ 1,007 $ 783
Weighted common shares outstanding including participating securities 7,405,893 6,734,092
Less: Participating securities (181,811) (227,272)
Less: Average unearned ESOP shares (355,826) (16,060)
Weighted average shares 6,868,256 6,490,760
Basic earnings (loss) per share [2] $ 0.15 $ 0.12
Net earnings allocated to common stock $ 1,007 $ 783
Weighted average shares 6,868,256 6,490,760
Add: dilutive effects of assumed exercises of stock options 109,460 321,121
Average shares and dilutive potential common shares 6,977,716 6,811,881
Dilutive [2] $ 0.14 $ 0.11
[1] Share amounts related to the periods prior to the July 15, 2021 closing of the conversion offering have been restated to give retroactive recognition to the 2.8409 exchange ratio applied in the conversion offering (see Note 1).
[2] Amounts related to the periods prior to the July 15, 2021 closing of the conversion offering have been restated to give retroactive recognition to the 2.8409 exchange ratio applied in the conversion offering. (see Note 1).