v3.25.2
Earnings Per Share (EPS) (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share (EPS)  
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