Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

(Dollars and shares in thousands, except per share data)

Net income applicable to common stock

$

3,598

$

4,590

$

8,375

$

6,893

Average number of common shares issued

20,109

20,612

20,211

20,703

Less: Average unallocated ESOP Shares

(137

)

(203

)

(145

)

(211

)

Less: Average unvested performance-based equity incentive plan shares

(190

)

(198

)

(177

)

(194

)

Average number of common shares outstanding used to calculate basic earnings per common share

19,782

20,211

19,889

20,298

Effect of dilutive performance-based equity incentive plan shares

112

102

90

115

Average number of common shares outstanding used to calculate diluted earnings per share

19,894

20,313

19,979

20,413

Net income per common share:

Basic earnings per share

$

0.18

$

0.23

$

0.42

$

0.34

Diluted earnings per share

$

0.18

$

0.23

$

0.42

$

0.34