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Earnings per Share ("EPS") | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
Earnings per Share ("EPS") | NOTE 10 - EARNINGS PER SHARE ("EPS") Basic earnings per share is calculated by dividing the income available to common shares by the weighted-average number of common shares outstanding during the period. Diluted earnings per share have been calculated in a manner similar to that of basic earnings per share except that the weighted average number of common shares outstanding is increased to include the number of additional common shares that would have been outstanding if all potentially dilutive common shares (such as those resulting from the exercise of stock options) were issued during the period, computed using the treasury stock method. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations.
|  | Three months ended |
|  | March 31, |
|  | 2025 |  |  | 2024 |
|  | (Dollars in thousands, except per share data) |
Net income allocated to common stock |  | $ | 1,297 |  |  | $ | 621 |
Weighted-average common shares outstanding used to calculate basic earnings per common share |  |  | 8,210,782 |  |  |  | 8,299,775 |
Add: Dilutive effect of restricted stock awards |  |  | 132,989 |  |  |  | 75,560 |
Weighted-average common shares outstanding used to calculate diluted earnings per common share |  |  | 8,343,771 |  |  |  | 8,375,335 |
Earnings per common share |  |  |  |  |  |
Basic |  | $ | 0.16 |  |  | $ | 0.07 |
Diluted |  | $ | 0.16 |  |  | $ | 0.07 |
For the three months ended March 31, 2025, the shares that were anti-dilutive, and therefore excluded from the calculation of diluted earnings per share, included options to purchase 169,128 shares of common stock. For the three months ended March 31, 2024, the shares that were anti-dilutive, and therefore excluded from the calculation of diluted earnings per share, included options to purchase 763,969 shares of common stock.

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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 + Details
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