Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings (Loss) Per Share, Basic and Diluted

Earnings (loss) per common share for the three and six months ended June 30, 2024 and 2023 are presented in the following tables.

	Three months ended June 30,
	2024			2023
	(In thousands, except per share amounts)
Net loss	$	(516	)	$	(508	)
Weighted shares outstanding for basic EPS
Weighted average shares outstanding		5,874,184			5,991,777
Less: Weighted average unallocated ESOP shares		426,677			446,442
Weighted average shares outstanding for basic EPS		5,447,507			5,545,335
Additional dilutive shares(1)		—			—
Weighted average shares outstanding for dilutive EPS		5,447,507			5,545,335
Basic loss per share	$	(0.09	)	$	(0.09	)
Diluted loss per share(1)	$	(0.09	)	$	(0.09	)

	Six months ended June 30,
	2024			2023
	(In thousands, except per share amounts)
Net loss	$	(822	)	$	(869	)
Weighted shares outstanding for basic EPS
Weighted average shares outstanding		5,878,777			5,997,436
Less: Weighted average unallocated ESOP shares		429,129			448,874
Weighted average shares outstanding for basic EPS		5,449,648			5,548,562
Additional dilutive shares (1)		—			—
Weighted average shares outstanding for dilutive EPS		5,449,648			5,548,562
Basic loss per share	$	(0.15	)	$	(0.16	)
Diluted loss per share (1)	$	(0.15	)	$	(0.16	)

(1) For the three and six months ended June 30, 2024 and June 30, 2023, the effect of stock options was anti-dilutive due to the net loss and therefore no dilutive shares are included in the weighted average shares outstanding or diluted loss calculations.