EARNINGS PER SHARE COMMON

6 Months Ended

Jun. 30, 2025

EARNINGS PER SHARE COMMON

EARNINGS PER SHARE COMMON

13. EARNINGS PER SHARE COMMON

Basic earnings per share is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Net income available to common stockholders is net income to the Company. During the three months ended June 30, 2025 and 2024, the Company had 13,029 and 219 potentially dilutive common stock equivalents. During the six months ended June 30, 2025 and 2024, the Company had 11,831 and 725 potentially dilutive common stock equivalents. Unallocated common shares held by the ESOP are not included in the weighted-average number of common shares outstanding for purposes of calculating earnings per common share until they are committed to be released. Antidilutive share are not include in the weighted-average number of common share outstanding for purposes of calculating earnings per common shares until they become dilutive.

The following table sets forth the calculation of basic and diluted earnings per share.

	Three Months ended
	June 30,
(Dollars in Thousands Except per Share Data)	2025		2024
	Unaudited
Basic earnings (loss) per common share:
Net income (loss) available to common stockholders	$	(196)	$	176
Weighted average common shares outstanding basic		1,756,025		1,763,441
Weighted average common shares outstanding dilutive		1,773,705		1,763,660
Earnings (loss) per share basic	$	(0.11)	$	0.10
Earnings (loss) per share dilutive	$	(0.11)	$	0.10

	Six months ended June 30,
(Dollars in Thousands Except per Share Data)	2025		2024
Basic earnings (loss) per common share:
Net income (loss) available to common stockholders	$	(48)	$	282
Weighted average common shares outstanding basic		1,760,676		1,763,120
Weighted average common shares outstanding dilutive		1,772,507		1,763,845
Earnings (loss) per share basic	$	(0.03)	$	0.16
Earnings (loss) per share dilutive	$	(0.03)	$	0.16