Three Months Ended June 30,

Six Months Ended June 30,

2023

2022

2023

2022

(Income In thousands)

Net (loss) income applicable to common shares

$

(1,825)

$

40

$

(3,034)

$

593

Shares

Average number of common shares outstanding

26,314,743

28,522,500

26,184,419

28,522,500

Less: Average unallocated ESOP shares

2,065,029

2,156,176

2,053,402

2,167,521

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

24,249,714

26,366,324

24,131,017

26,354,979

Common stock equivalents

—

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

24,249,714

26,366,324

24,131,017

26,354,979

Earnings per common share

Basic

$

(0.08)

$

—

$

(0.13)

$

0.02

Diluted

$

(0.08)

$

—

$

(0.13)

$

0.02