Earnings Per Share (EPS) (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share (EPS)

Computation of basic and diluted net earnings per share

	Three Months Ended March 31,
	2025		2024
	(dollars in thousands, except per share amounts)
Net income	$	285	$	276
Weighted shares outstanding for basic EPS
Weighted average shares outstanding		1,725,000		1,725,000
Less: Weighted average unallocated ESOP shares		(126,272)		(131,100)
Less: Weighted average Treasury shares		(55,214)		(40,000)
Add: Weighted average shares in Rabbi Trust for Deferred Compensation Plan		40,000		40,000
Weighted average shares outstanding for basic EPS		1,583,514		1,593,900
Additional dilutive shares		—		—
Weighted average shares outstanding for dilutive EPS		1,583,514		1,593,900
Basic income per share	$	0.18	$	0.17
Diluted income per share	$	0.18	$	0.17