EARNINGS PER SHARE COMMON

3 Months Ended

Mar. 31, 2026

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 March 31, 2026 and 2025, the Company had 13,458 and 8,595 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 shares are not included in the weighted-average number of common shares outstanding for purposes of calculating earnings per common share until they become dilutive.

The following table sets forth the calculation of basic and diluted (loss) earnings per share:

	Three months ended March 31,
(Dollars in thousands, except per share data)	2026		2025
Basic (loss) earnings per common share:
Net (loss) income available to common stockholders	$	(50)	$	148
Weighted average common shares outstanding basic		1,643,292		1,699,909
Weighted average common shares outstanding dilutive		1,656,750		1,708,504
(Loss) Earnings per share basic	$	(0.03)	$	0.09
(Loss) Earnings per share dilutive	$	(0.03)	$	0.09