| Schedule of earnings per share |
The following table summarizes the calculation of basic and diluted earnings per common share (in thousands, except for share and per share amounts): | | | | | | | | | | | | | | | Year Ended | | Six Months Ended | | Fiscal Year Ended | | | December 31, | | December 31, | | June 30, | | | 2025 | | 2024 | | 2023 | | 2024 | | | | (Dollars in thousands, except share and per share amounts) | Net income applicable to common stock | | $ | 20,287 | | $ | 9,600 | | $ | 6,611 | | $ | 15,260 | | | | | | | | | | | | | | Average number of common shares outstanding | | | 25,158,550 | | | 25,736,880 | | | 25,977,679 | | | 25,951,228 | Less: Average unallocated ESOP shares | | | 687,371 | | | 725,558 | | | 776,474 | | | 757,380 | Weighted-average number of common shares outstanding - basic | | | 24,471,179 | | | 25,011,322 | | | 25,201,205 | | | 25,193,848 | Add: Effect of dilutive stock options and restricted stock | | | 95,479 | | | 87,062 | | | — | | | 29,266 | Weighted-average number of common shares outstanding - diluted | | | 24,566,658 | | | 25,098,384 | | | 25,201,205 | | | 25,223,114 | | | | | | | | | | | | | | Net earnings per common share: | | | | | | | | | | | | | Basic | | $ | 0.83 | | $ | 0.38 | | $ | 0.26 | | $ | 0.61 | Diluted | | $ | 0.83 | | $ | 0.38 | | $ | 0.26 | | $ | 0.61 |
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