EARNINGS PER SHARE COMMON

9 Months Ended

Sep. 30, 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 September 30, 2026 and 2025, the Company had 24,993 and 27,717 potentially dilutive common stock equivalents. During the nine months ended September 30, 2026 and 2025, the Company had 18,671 and 20,722 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 tables set forth the calculation of basic and diluted earnings per share:

	Three months ended September 30,
(Dollars in thousands, except per share data)	2026		2025
Basic earnings per common share:
Net income available to common stockholders	$	86	$	185
Weighted average common shares outstanding basic		1,651,616		1,710,844
Weighted average common shares outstanding dilutive		1,676,609		1,737,940
Earnings per share basic	$	0.05	$	0.11
Earnings per share dilutive	$	0.05	$	0.11

	Nine months ended September 30,
(Dollars in thousands, except per share data)	2026		2025
Basic earnings per common share:
Net income available to common stockholders	$	129	$	137
Weighted average common shares outstanding basic		1,647,249		1,710,223
Weighted average common shares outstanding dilutive		1,665,920		1,730,945
Earnings per share basic	$	0.08	$	0.08
Earnings per share dilutive	$	0.08	$	0.08