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EARNINGS PER SHARE | 6 Months Ended
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Dec. 31, 2020
EARNINGS PER SHARE |
EARNINGS PER SHARE | 13.EARNINGS PER SHARE Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations. There were no potentially diluted common stock equivalents as of December 31, 2020 or December 31, 2019.
|  | For the Three Months Ended December 31, |  | For the Six Months Ended December 31,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
|  |  |  |  |  |  |  |  |  |  | (As Restated)
|  | (Dollars in thousands, except share and per share amounts)
Net income applicable to common stock |  | $ | 1,895 |  |  | 3,850 |  | $ | 3,289 |  | $ | 2,873
Average number of common shares outstanding |  |  | 25,977,679 |  |  | 25,977,679 |  |  | 25,977,679 |  |  | 25,977,679
Less: Average unallocated ESOP shares |  |  | 922,858 |  |  | 980,138 |  |  | 929,222 |  |  | 992,867
Average number of common shares outstanding used to calculate basic and diluted earnings per common share |  |  | 25,054,821 |  |  | 24,997,541 |  |  | 25,048,457 |  |  | 24,984,812
Net earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.08 |  | $ | 0.15 |  | $ | 0.13 |  | $ | 0.12
Diluted |  | $ | 0.08 |  | $ | 0.15 |  | $ | 0.13 |  | $ | 0.12

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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