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Earnings (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Basic and Diluted

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