| Schedule of Earnings Per Share Basic and Diluted |
The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation for the three and six months ended June 30, 2026 and 2025.
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Denominator: |
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Three months ended
June 30, |
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Six months ended
June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Weighted-average common shares outstanding |
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16,298,079 |
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19,837,500 |
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17,014,169 |
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19,837,500 |
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Less: Average unearned ESOP shares |
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(1,444,170 |
) |
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(1,507,650 |
) |
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(1,452,061 |
) |
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(1,515,541 |
) |
Weighted-average common shares and common
stock equivalents used to calculate basic earnings per share |
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14,853,909 |
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18,329,850 |
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15,562,108 |
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18,321,959 |
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Basic earnings (loss) per common share: |
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Continuing operations |
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$ |
0.05 |
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$ |
0.06 |
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$ |
0.08 |
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$ |
0.13 |
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Discontinued operations |
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(0.05 |
) |
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(0.01 |
) |
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(0.07 |
) |
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(0.04 |
) |
Total earnings (loss) per share - basic |
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$ |
- |
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$ |
0.05 |
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$ |
0.01 |
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$ |
0.09 |
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Diluted earnings per common share: |
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Average dilutive potential common shares |
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58,798 |
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— |
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36,028 |
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— |
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Total dilutive average common shares issued and outstanding |
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14,912,707 |
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18,329,850 |
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15,598,136 |
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18,321,959 |
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Diluted earnings (loss) per common share: |
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Continuing operations |
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$ |
0.05 |
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$ |
0.06 |
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$ |
0.08 |
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$ |
0.13 |
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Discontinued operations |
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(0.05 |
) |
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(0.01 |
) |
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(0.07 |
) |
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(0.04 |
) |
Total earnings (loss) per share - diluted |
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$ |
- |
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$ |
0.05 |
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$ |
0.01 |
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$ |
0.09 |
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