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Earnings Per Common Share ("EPS")

9 Months Ended

Mar. 31, 2022

Note 4:

Earnings Per Common Share (“EPS”)

Basic and diluted earnings per common share are presented for the three month and nine month periods ended March 31, 2022 and 2021. The factors used in the earnings per common share computation are as follows:


	Three Months Ended March 31, 2022			Three Months Ended March 31, 2021			Nine Months Ended March 31, 2022			Nine Months Ended March 31, 2021
Net income	$	1,154		$	1,560		$	4,749		$	4,354

Basic weighted average shares outstanding		3,257,782			3,240,376			3,251,073			3,240,376
Less: Average unallocated ESOP shares		(180,422	)		(199,667	)		(185,233	)		(204,478	)

Basic average shares outstanding		3,077,360			3,040,709			3,065,840			3,035,898

Diluted effect of restricted stock awards and stock options		72,919			49,989			68,497			33,508

Diluted average shares outstanding		3,150,279			3,090,698			3,134,337			3,069,406

Basic earnings per common share	$	0.37		$	0.51		$	1.55		$	1.43

Diluted earnings per common share	$	0.37		$	0.50		$	1.52		$	1.42