XML 21 R14.htm IDEA: XBRL DOCUMENT v3.24.3
Earnings (Loss) Per Share
 3 Months Ended
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

)