XML 28 R18.htm IDEA: XBRL DOCUMENT
v3.24.3

Note 10 - Earnings (Loss) Per Common Share | 9 Months Ended
--- | ---
Sep. 30, 2024
Notes to Financial Statements |
Earnings Per Share [Text Block] | Note 10 - Earnings (Loss) per Common Share The two-class method is used for computing basic and diluted earnings per share. Under the two-class method, EPS is determined for each class of common stock and participating security according to dividends declared and participating rights in undistributed earnings. The Company has issued restricted shares under share-based compensation plans which qualify as participating securities. The following table presents a reconciliation of the components used to compute basic and diluted earnings per share for the periods shown:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | (In thousands, except share data) |
Net income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income available to common shareholders |  | $ | (1,980 | ) |  | $ | 2,504 |  |  | $ | (3,803 | ) |  | $ | 7,808 |
Dividends and undistributed earnings allocated to participating securities |  |  | (1 | ) |  |  | (11 | ) |  |  | (3 | ) |  |  | (39 | )
(Loss) earnings allocated to common shareholders |  | $ | (1,981 | ) |  | $ | 2,493 |  |  | $ | (3,806 | ) |  | $ | 7,769 |
Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 9,419,143 |  |  |  | 9,631,929 |  |  |  | 9,469,960 |  |  |  | 9,666,900 |
Weighted average unvested restricted stock awards |  |  | (115,322 | ) |  |  | (125,338 | ) |  |  | (104,622 | ) |  |  | (143,326 | )
Weighted average unallocated ESOP shares |  |  | (547,056 | ) |  |  | (600,065 | ) |  |  | (560,214 | ) |  |  | (613,183 | )
Total basic weighted average common shares outstanding |  |  | 8,756,765 |  |  |  | 8,906,526 |  |  |  | 8,805,124 |  |  |  | 8,910,391 |
Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted average common shares outstanding |  |  | 8,756,765 |  |  |  | 8,906,526 |  |  |  | 8,805,124 |  |  |  | 8,910,391 |
Dilutive restricted stock awards |  |  | — |  |  |  | 28,356 |  |  |  | — |  |  |  | 20,013 |
Total diluted weighted average common shares outstanding |  |  | 8,756,765 |  |  |  | 8,934,882 |  |  |  | 8,805,124 |  |  |  | 8,930,404 |
Basic (loss) earnings per common share |  | $ | (0.23 | ) |  | $ | 0.28 |  |  | $ | (0.43 | ) |  | $ | 0.87 |
Diluted (loss) earnings per common share |  | $ | (0.23 | ) |  | $ | 0.28 |  |  | $ | (0.43 | ) |  | $ | 0.87 |
Potentially dilutive shares are excluded from the computation of EPS if their effect is anti-dilutive. At September 30, 2024 and 2023, antidilutive shares as calculated under the treasury stock method totaled 20,663 and 13,582, respectively.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration