Basic earnings per common share excludes dilution and is computed by dividing income available to common shareholders by the weighted-average common shares outstanding during the period reduced by unearned ESOP Plan shares and treasury shares. Diluted earnings per common share takes into account the potential dilution computed pursuant to the treasury stock method that could occur if stock options were exercised and converted into common stock, and if restricted stock awards were vested. The effects of stock options are excluded from the computation of diluted earnings per share in periods in which the effect would be anti-dilutive.


	Three months ended March 31,
(dollars in thousands, except per share data)	2026		2025
Numerator for earnings per share:
Net income available to common stockholders	$	2,006	$	2,399

Denominators for earnings per share:
Weighted average shares outstanding	11,915		11,336
Average unearned ESOP shares	(104)		(131)
Basic weighted averages shares outstanding	11,811		11,205
Dilutive effects of assumed exercises of stock options	342		241

Diluted weighted averages shares outstanding	12,153		11,446

Basic earnings per share	$	0.17	$	0.21
Diluted earnings per share	$	0.17	$	0.21
Antidilutive shares excluded from computation of average dilutive earnings per share	78		364