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Earnings Per Share
12 Months Ended
Jun. 30, 2025
Earnings Per Share  
Earnings Per Share

Note 12: Earnings Per Share

Basic earnings per share (“EPS”) excludes dilution and is computed by dividing income available to common shareholders by the weighted average number of shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would then share in the earnings of the Corporation.

As of June 30, 2025 and 2024, there were outstanding options to purchase 229,000 shares and 480,000 shares of the Corporation’s common stock, of which 99,000 shares and 382,000 shares, respectively, were excluded from the diluted EPS computation as their effect was anti-dilutive. As of June 30, 2025 and 2024, there were outstanding restricted stock awards of 144,650 shares and 176,650 shares, respectively.

The following tables provide the basic and diluted EPS computations for the fiscal years ended June 30, 2025 and 2024.

For the Year Ended June 30, 2025

    

Income

    

Shares

    

Per-Share

(Dollars in Thousands, Except Share Amount)

(Numerator)

(Denominator)

Amount

Basic EPS

$

6,255

 

6,716,086

$

0.93

Effect of dilutive shares:

 

  

 

  

 

  

Stock options

 

6,195

Restricted stock

 

38,681

Diluted EPS

$

6,255

 

6,760,962

$

0.93

For the Year Ended June 30, 2024

    

Income

    

Shares

    

Per-Share

(Dollars in Thousands, Except Share Amount)

(Numerator)

(Denominator)

Amount

Basic EPS

$

7,351

 

6,942,918

$

1.06

Effect of dilutive shares:

 

  

 

  

 

  

Stock options

 

 

76

Restricted stock

 

 

16,149

Diluted EPS

$

7,351

 

6,959,143

$

1.06