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

NOTE 7: EARNINGS PER SHARE

Basic earnings per share is calculated by dividing net income 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 shareholders’ equity and are excluded from weighted-average common shares outstanding for both basic and diluted earnings per share calculations until they are committed to be released.

The Company had no dilutive or potentially dilutive securities during the three- and six-month periods ended June 30, 2026.

Weighted-average shares outstanding for the three- and six-month periods ended June 30, 2026, have been calculated assuming the shares were outstanding at the beginning of each respective period.

The following table sets forth the computation of basic and diluted earnings per share:

Three Months Ended
June 30,

Six Months Ended
June 30,

  ​ ​ ​

2026

  ​ ​ ​

2025

 

2026

  ​ ​ ​

2025

Net (loss) income

$

(148,413)

$

36,686

$

(1,410,551)

$

125,786

Weighted-average common shares outstanding, gross

1,719,250

1,719,250

Less unallocated ESOP shares

(137,027)

(137,027)

Weighted-average common shares outstanding

1,582,223

1,582,223

Earnings per share - basic

$

(0.09)

n/a

$

(0.89)

n/a

Earnings per share - diluted

$

(0.09)

n/a

$

(0.89)

n/a