NOTE 2. EARNINGS PER SHARE Earnings per common share was computed based on the following: | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (In thousands, except per share data) | | 2026 | | 2025 | | 2026 | | 2025 | Numerator | | | | | | | | | | | | | Net income available to common shareholders | | $ | 524 | | $ | 521 | | $ | 1,082 | | $ | 1,107 | | | | | | | | | | | | | | Denominator | | | | | | | | | | | | | Weighted average common shares outstanding | | | 4,048 | | | 4,173 | | | 4,054 | | | 4,207 | Weighted average unallocated common stock held by benefit plans | | | (466) | | | (512) | | | (469) | | | (515) | Weighted average shares - basic | | | 3,582 | | | 3,661 | | | 3,585 | | | 3,692 | Effect of dilutive stock-based awards: | | | | | | | | | | | | | Stock options | | | 34 | | | - | | | 32 | | | - | Restricted stock | | | 33 | | | 10 | | | 30 | | | 6 | Weighted average shares - assuming dilution | | | 3,649 | | | 3,671 | | | 3,647 | | | 3,698 | | | | | | | | | | | | | | Basic earnings per common share | | $ | 0.15 | | $ | 0.14 | | $ | 0.30 | | $ | 0.30 | Diluted earnings per common share | | | 0.14 | | | 0.14 | | | 0.30 | | | 0.30 |
Diluted earnings per share was computed using the treasury stock method. The following table presents the weighted average of potentially dilutive common shares attributable to outstanding stock options and restricted stock that were anti-dilutive and excluded from the calculation of diluted earnings per share. | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (In thousands) | | 2026 | | 2025 | | 2026 | | 2025 | Weighted average of anti-dilutive stock-based awards: | | | | | | | | | | | | | Stock options | | | 19 | | | 308 | | | 15 | | | 302 | Restricted stock | | | - | | | 6 | | | - | | | 3 |
|