Computation of basic and diluted net earnings per share |
| | | | | | | | | | | | | | Three Months Ended June 30, | | | Six Months Ended June 30, | | 2025 | | 2024 | | | 2025 | | 2024 | | | (dollars in thousands, except per share amounts) | | | (dollars in thousands, except per share amounts) | Net income | $ | 438 | | $ | 274 | | | $ | 723 | | $ | 550 | Weighted shares outstanding for basic EPS | | | | | | | | | | | | | Weighted average shares outstanding | | 1,725,000 | | | 1,725,000 | | | | 1,725,000 | | | 1,725,000 | Less: Weighted average unallocated ESOP shares | | (124,890) | | | (130,408) | | | | (125,580) | | | (131,096) | Less: Weighted average Treasury shares | | (86,352) | | | (40,000) | | | | (72,799) | | | (40,000) | Add: Weighted average shares in Rabbi Trust for Deferred Compensation Plan | | 40,000 | | | 40,000 | | | | 40,000 | | | 40,000 | Weighted average shares outstanding for basic EPS | | 1,553,758 | | | 1,594,592 | | | | 1,566,621 | | | 1,593,904 | Additional dilutive shares | | — | | | — | | | | — | | | — | Weighted average shares outstanding for dilutive EPS | | 1,553,758 | | | 1,594,592 | | | | 1,566,621 | | | 1,593,904 | Basic income per share | $ | 0.28 | | $ | 0.17 | | | $ | 0.46 | | $ | 0.35 | Diluted income per share | $ | 0.28 | | $ | 0.17 | | | $ | 0.46 | | $ | 0.35 |
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