v3.26.1
EARNINGS PER COMMON SHARE
 9 Months Ended
Jun. 30, 2026
EARNINGS PER COMMON SHARE  
EARNINGS PER COMMON SHARE

NOTE 3:  EARNINGS PER COMMON SHARE

Basic earnings per common share represent income available to common shareholders divided by the weighted average number of common shares outstanding during the period.  Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Unallocated common shares held by the ESOP are not included in the weighted-average number of common shares outstanding for purposes of calculating basic earnings per common share until they are committed to be released.

The table below sets forth the computation of basic and diluted earnings per common share for the three and nine-month periods ended June 30, 2026 (unaudited) and 2025 (In thousands, except per share data).

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Three Months Ended

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Nine Months Ended

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June 30, 

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June 30, 

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2026

  ​ ​ ​

2025

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2026

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2025

Net income

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$

239

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$

217

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$

743

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$

495

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Weighted average common shares outstanding - basic

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1,032

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​

1,006

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​

1,032

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​

1,031

Dilutive effect of stock options

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1

​

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—

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​

1

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—

Weighted average common shares outstanding - diluted

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1,033

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1,006

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1,033

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1,031

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Basic earnings per common share

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$

0.23

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$

0.22

​

$

0.72

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$

0.48

Diluted earnings per common share

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$

0.23

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$

0.22

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$

0.72

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$

0.48

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Diluted earnings per share for the three and nine-months ended June 30, 2026 includes the effect of dilutive stock options; however, the impact was not material. There were no dilutive or antidilutive shares at June 30, 2025.