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Earnings Per Common Share ("EPS")

9 Months Ended

Mar. 31, 2023

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, 2023 and 2022. The factors used in the earnings per common share computation are as follows:


	Three Months Ended March 31, 2023			Three Months Ended March 31, 2022			Nine Months Ended March 31, 2023			Nine Months Ended March 31, 2022
Net income	$	690		$	1,154		$	4,063		$	4,749

Basic weighted average shares outstanding		3,343,670			3,257,782			3,318,809			3,251,073
Less: Average unallocated ESOP shares		(161,177	)		(180,422	)		(165,988	)		(185,233	)

Basic average shares outstanding		3,182,493			3,077,360			3,152,821			3,065,840

Diluted effect of restricted stock awards and stock options		82,103			72,919			86,964			68,497

Diluted average shares outstanding		3,246,596			3,150,279			3,239,785			3,134,337

Basic earnings per common share	$	0.22		$	0.37		$	1.29		$	1.55

Diluted earnings per common share	$	0.21		$	0.37		$	1.25		$	1.52