v3.26.1
Note 4 - Earnings (Loss) Per Share
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 4. Earnings (Loss) Per Share

 

Earnings (loss) per share (“EPS”) represents income available or loss attributable to common shareholders divided 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 stockholders’ equity and are excluded from the weighted-average common shares outstanding for both basic and diluted earnings per share calculations until they are committed to be released.

 

  

Three Months Ended June 30

  

Six Months Ended June 30

 
  

2026

  

2025

  

2026

  

2025

 

Denominator

                

Weighted average common shares outstanding

  832,288   833,750   833,019   833,750 

Less average unearned ESOP shares

  (63,643)  (65,866)  (63,920)  (66,144)

Weighted average shares

  768,645   767,884   769,099   767,606 

 

As of June 30, 2026, the Company had 33,347 and 16,280 of unvested stock options and restricted awards which were not included in diluted EPS as their impact was antidilutive.