Earnings Per Share

3 Months Ended

Mar. 31, 2026

Note 10: Earnings Per Share

Basic earnings per share is calculated by dividing net income by the weighted-average number of common shares outstanding during the period. Unallocated common shares held by the ESOP are shown as a reduction in shareholders’ equity and are excluded from weighted-average common shares outstanding for both basic and diluted earnings per share calculations until they are committed to be released.

The Company had no dilutive or potentially dilutive securities during the three months ended March 31, 2026.

The following table sets forth the computation of basic and diluted earnings per share:


	Three Months Ended
	March 31,
	2026			2025

Net income	$	418,143		$	401,545

Weighted-average common shares outstanding, gross		889,781			—

Less weighted average unallocated ESOP shares		(58,781	)		—

Weighted-average common shares outstanding		831,000			—

Earnings per shares- basic and diluted	$	0.50		n/a