Basic earnings per share (EPS) represents income available to common stockholders divided by weighted-average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common shares (such as stock options) were exercised or converted into additional common shares that should then share in the earnings of the entity. Diluted EPS is computed by dividing net income attributed to common stockholders by the weighted-average number of common shares outstanding for the period, plus the effect of potential dilutive common share equivalents.

Shares held by the Employee Stock Ownership Plan ("ESOP") that have not been allocated to employees in accordance with the terms of the ESOP, referred to as "unallocated ESOP shares", are not deemed outstanding for EPS calculations.


	Year Ended		Year Ended
	March 31, 2026		March 31, 2025
	(Dollars in thousands)
Net income applicable to common shares	$	4,000	$	3,654

Average number of common shares outstanding		4,085,011		4,123,079
Less: Average unallocated ESOP shares		294,627		307,851
Average number of common shares outstanding used to calculate basic earnings per common share		3,790,384		3,815,228
Diluted potential common shares		20,380		1,190
Average number of common shares outstanding used to calculate diluted earnings per common share		3,810,764		3,816,418
Earnings per common share - basic	$	1.06	$	0.96
Earnings per common share - diluted	$	1.05	$	0.96