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EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2021
EARNINGS PER SHARE |
EARNINGS PER SHARE | NOTE 3. EARNINGS PER SHARE Earnings per common share was computed based on the following: ​
​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
(In thousands, except per share data) | ​ | 2021
Numerator |  | ​ |
Net income available to common shareholders | ​ | $ | 1,927
Denominator | ​ |  |
Weighted average common shares outstanding | ​ |  | 5,290
Weighted average unallocated ESOP shares | ​ | ​ | (421)
Weighted average shares | ​ | ​ | 4,869
Basic earnings per common share | ​ | $ | 0.40
​ During the year ended December 31, 2021, there were no convertible securities or other contracts to issue common stock outstanding that if converted or exercised would result in potential dilution of earnings per share. At and during the year ended December 31, 2020, the Company did not have any common shares outstanding. The Company completed its initial public offering (“IPO”) of stock in connection with the Bank’s conversion from the mutual to the stock form of organization on October 12, 2021.

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