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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2021
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 3. EARNINGS PER SHARE

Earnings per common share was computed based on the following:

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Year Ended December 31, 

(In thousands, except per share data)

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2021

Numerator

 

​

  

Net income available to common shareholders

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$

1,927

Denominator

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Weighted average common shares outstanding

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5,290

Weighted average unallocated ESOP shares

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(421)

Weighted average shares

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​

4,869

Basic earnings per common share

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$

0.40

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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.