| EARNINGS PER SHARE |
12.EARNINGS PER SHARE The following table summarizes the calculation of basic and diluted earnings per common share: | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended | | For the Six Months Ended | | | June 30, | | June 30, | | | 2026 | | 2025 | a | 2026 | | 2025 | | | | (Dollars in thousands, except share and per share amounts) | Net income applicable to common stock | | $ | 3,484 | | $ | 6,451 | | $ | 8,774 | | $ | 12,214 | | | | | | | | | | | | | | Average number of common shares outstanding | | | 24,674,765 | | | 25,204,671 | | | 24,701,539 | | | 25,424,796 | Less: Average unallocated ESOP shares | | | 642,820 | | | 693,735 | | | 649,184 | | | 700,100 | Weighted-average number of common shares outstanding - basic | | | 24,031,945 | | | 24,510,936 | | | 24,052,355 | | | 24,724,696 | Add: Effect of dilutive stock options and restricted stock | | | 299,104 | | | 56,392 | | | 273,366 | | | 52,605 | Weighted-average number of common shares outstanding - diluted | | | 24,331,049 | | | 24,567,328 | | | 24,325,721 | | | 24,777,301 | | | | | | | | | | | | | | Net earnings per common share: | | | | | | | | | | | | | Basic | | $ | 0.14 | | $ | 0.26 | | $ | 0.36 | | $ | 0.49 | Diluted | | $ | 0.14 | | $ | 0.26 | | $ | 0.36 | | $ | 0.49 |
Potential common shares from stock options that were not included in the computation of diluted earnings per common share, because they were anti-dilutive under the treasury stock method, were 202,500 and 212,500 for the three and six months ended June 30, 2026, respectively, and were 852,500 for the three and six months ended June 30, 2025.
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