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EARNINGS PER SHARE

3 Months Ended

Sep. 30, 2023

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 September 30, 2023 or September 30, 2022.

​

​	​	​	​	​	​	​
​		For the Three Months Ended September 30,
​	​	2023		​	2022
​	​	(Dollars in thousands, except share and per share amounts)
Net income applicable to common stock	​	$	3,419	​	$	5,234
​	​	​	​	​	​	​
Average number of common shares outstanding	​	​	25,977,679	​	​	25,977,679
Less: Average unallocated ESOP shares	​	​	782,838	​	​	833,755
Average number of common shares outstanding used to calculate basic and diluted earnings per common share	​	​	25,194,841	​	​	25,143,924
​	​	​	​	​	​	​
Net earnings per common share:	​	​	​	​	​	​
Basic	​	$	0.14	​	$	0.21
Diluted	​	$	0.14	​	$	0.21

​

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- References

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI https://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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