Note 11 - Earnings Per Share

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

11.         Earnings Per Share

Earnings Per Share

The Company does not have any common stock equivalents and, therefore, basic earnings per share, which represents net income divided by the weighted average shares outstanding during the period is the same as diluted earnings per share. ESOP shares are considered outstanding for this calculation unless unearned.

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands, except per share amounts)	2025		2024		2025		2024
Net income attributable to common stock	$	13,677	$	1,381	$	17,303	$	4,060
Denominator:
Weighted average common shares outstanding (basic)		2,867,124		1,858,536		2,198,426		1,858,536
Weighted average common shares outstanding (diluted)		2,867,124		1,858,536		2,198,426		1,858,536
Earnings per share:
Basic	$	4.77	$	0.74	$	7.87	$	2.18
Diluted	$	4.77	$	0.74	$	7.87	$	2.18