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Earnings (Loss) Per Share | 3 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Earnings (Loss) Per Share | 3. Earnings (Loss) Per Share Basic earnings (loss) per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding. Unallocated ESOP shares are not deemed outstanding for earnings (loss) per share calculations. There were no potentially dilutive common stock equivalents outstanding for the three months ended September 30, 2024 and 2023. The following table presents the composition of the weighted average common shares used in the earnings per share calculation:
|  | Three Months Ended September 30, |
|  | 2024 |  |  | 2023 |
|  | (Dollars in thousands, except share data) |
Net income (loss) applicable to common shares |  | $ | 1,367 |  |  | $ | (10,498 | )
Weighted average number of common shares outstanding |  |  | 9,503,513 |  |  |  | 1,136,818 |
Less: Average unallocated ESOP shares |  |  | (697,248 | ) |  |  | (90,567 | )
Weighted average number of common shares outstanding, net |  |  | 8,806,265 |  |  |  | 1,046,251 |
Basic and diluted earnings (loss) per common share |  | $ | 0.16 |  |  | $ | (10.03 | )

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