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EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2025

EARNINGS PER SHARE

Schedule of 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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- References

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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