Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2024

Earnings (Loss) per share is calculated by dividing consolidated net income or loss (numerator) by the weighted-average common shares (denominator).

The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation for the year ended December 31, 2024. The Company converted from the mutual form of organization to the stock form of organization on October 22, 2024; therefore, there were no outstanding shares for 2023.


Denominator:	December 31, 2024
Weighted-average common shares outstanding		3,848,258
Less: Average unearned ESOP shares		(286,364	)
Weighted-average common shares and common stock equivalents used to calculate basic earnings per share		3,561,894

The Company had no dilutive or potentially dilutive securities during the period presented.