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Earnings Per Share
 3 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share

2. Earnings Per Share


Diluted earnings per share is computed taking into consideration common shares outstanding and dilutive potential common shares to be issued or released under the Company’s share-based compensation plans. The factors used in the basic and diluted earnings per share computations follow:


    Three months ended
September 30,		  
    2020     2019  
             
Net income allocated to common shareholders, basic and diluted   $ 285,000     $ 234,000  
                 
Earnings per share, basic and diluted $ 0.04   $ 0.03 
           
Weighted average common shares outstanding, basic and diluted   8,222,813    8,277,502 

There were no stock option shares outstanding for the three-month periods ended September 30, 2020 and 2019.