v3.26.3
Stockholders' Equity
 12 Months Ended
Jun. 30, 2026
Stockholders' Equity [Abstract]  
Stockholders' Equity

Note 14. Stockholders' Equity

 

Reservation of Shares

 

The Company has reserved common shares for future issuance as follows as of June 30, 2026:

 

Stock options outstanding     114,342  
Stock options available for issuance     14,969  
Number of common shares reserved     129,311  

 

The following table sets forth the reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for continuing operations for the years ended June 30:

 

    2026     2025  
Numerator:                
Net income   $ 11,179,759     $ 8,142,954  
Denominator:                
                 
Basic EPS:                
Common shares outstanding, beginning of period     2,896,368       2,733,958  
Unearned ESOP shares     (189,817 )     (211,487 )
Weighted average common shares issued during the period     55,777       60,416  
Weighted average ESOP shares earned during the period     7,964       8,149  
Denominator for basic earnings per common shares –                
Weighted average common shares     2,770,292       2,591,036  
                 
Diluted EPS:                
Common shares outstanding, beginning of period     2,896,368       2,733,958  
Unearned ESOP shares     (189,817 )     (211,487 )
Weighted average common shares issued during the period     55,777       60,416  
Weighted average ESOP shares earned during the period     7,964       8,149  
Weighted average dilutive effect of stock options     101,122       105,156  
Denominator for diluted earnings per common shares –                
Weighted average common shares     2,871,414       2,696,192  

 

There were no options excluded in this computation of earnings per share for the years ended June 30, 2026 and 2025 as there were no anti-dilutive shares due to the average strike price exceeding the average market price of those shares.

 

The Company paid regular cash dividends on common stock of $1.00 per share and a special $0.75 per share dividend for the fiscal year ended June 30, 2026 and paid regular cash dividends on common stock of $1.00 per share for the fiscal year ended June 30, 2025. Our Board of Directors assesses the Company’s dividend policy periodically. There is no assurance that the Board of Directors will maintain the amount of the regular cash dividend during any future years.