Earnings Per Share (Tables)

9 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Summary of Earnings Per Share Basic and Diluted

There were no securities or other contracts that had a dilutive effect during the three and nine months ended December 31, 2023, and therefore the weighted-average common shares outstanding used to calculate both basic and diluted EPS are the same. Shares held by the Employee Stock Ownership Plan ("ESOP") that have not been allocated to employees in accordance with the terms of the ESOP, referred to as "unallocated ESOP shares", are not deemed outstanding for EPS calculations. EPS data is not applicable for three and nine months ended December 31, 2022 as the Company had no shares outstanding.

(income in thousands)	Three Months Ended
	December 31, 2023
Net income applicable to common shares	$	937
Average number of common shares outstanding		3,322,612
Less: Average unallocated ESOP shares		264,620
Average number of common shares outstanding used to calculate basic earnings per common share		3,057,992
Earnings per common share basic and diluted	$	0.31