EARNINGS PER SHARE COMMON

12 Months Ended

Dec. 31, 2025

EARNINGS PER SHARE COMMON

EARNINGS PER SHARE COMMON

14. 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 year ended December 31, 2025, the Company had 7,875 potentially dilutive common stock equivalents. During the year ended December 31, 2024, the Company had 1,590 potentially dilutive common stock equivalents. Unallocated common shares held by the ESOP as well as shares of unvested restricted stock 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. Anti-dilutive shares are not included in the weighted-average number of common shares 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:

	Year ended December 31,
(Dollars in thousands, except per share data)	2025		2024
Basic earnings per common share:
Net income available to common stockholders	$	172	$	712
Weighted average common shares outstanding basic		1,740,861		1,703,153
Weighted average common shares outstanding dilutive		1,748,735		1,704,743
Earnings per share basic	$	0.10	$	0.42
Earnings per share dilutive	$	0.10	$	0.42