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EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2025

EARNINGS PER SHARE

EARNINGS PER SHARE

11.EARNINGS PER SHARE

The following table summarizes the calculation of basic and diluted earnings per common share (in thousands, except for share and per share amounts):

​	​	​	​	​	​	​
​		For the Three Months Ended March 31,
​	​	2025		​	2024
​	​	(Dollars in thousands, except share and per share amounts)
Net income applicable to common stock	​	$	5,763	​	$	4,719
​	​	​	​	​	​	​
Average number of common shares outstanding	​	​	25,519,217	​	​	25,977,679
Less: Average unallocated ESOP shares	​	​	706,465	​	​	757,380
Weighted-average number of common shares outstanding - basic	​	​	24,812,752	​	​	25,220,299
Add: Effect of dilutive stock options and restricted stock	​	​	124,278	​	​	—
Weighted-average number of common shares outstanding - diluted	​	​	24,937,030	​	​	25,220,299
​	​	​	​	​	​	​
Net earnings per common share:	​	​	​	​	​	​
Basic	​	$	0.23	​	$	0.19
Diluted	​	$	0.23	​	$	0.19

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Potential common shares from stock options that were not included in the computation of diluted earnings per common share, because they were anti-dilutive under the treasury stock method, were 852,500 for the three months ended March 31, 2025. There were no anti-dilutive shares for the three months ended March 31, 2024.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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