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Earnings (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2025
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 three months ended March 31, 2025. 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 the three months ended March 31, 2024.

 

Denominator:

 

March 31, 2025

 

Weighted-average common shares outstanding

 

 

19,837,500

 

Less: Average unearned ESOP shares

 

 

(1,523,520

)

Weighted-average common shares and common stock
   equivalents used to calculate basic earnings per share

 

 

18,313,980