Year Ended June 30,

2025

2024

Net income (loss)

$

5,136

$

(10,860

)

Weighted average number of common shares outstanding

9,261,575

7,403,716

Less: Average unallocated ESOP shares

(684,570

)

(570,086

)

Less: Average unvested restricted stock awards

(145,063

)

—

Weighted average common shares outstanding used to calculate basic
   earnings per common share

8,431,942

6,833,630

  Add: Dilutive effect of common stock equivalents

12,413

—

Weighted average common shares outstanding used to calculate diluted
   earnings per common share

8,444,355

6,833,630

Basic income (loss) per common share

$

0.61

$

(1.59

)

Diluted income (loss) per common share

$

0.61

$

(1.59

)

Number of common stock equivalents excluded from the calculation of
   diluted earnings as they are anti-dilutive

760,593

—