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Earnings Per Share | 3 Months Ended
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Sep. 30, 2021
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, |
|  | 2021 |  |  | 2020 |
Net income allocated to common shareholders, basic and diluted |  | $ | 568,000 |  |  | $ | 285,000 |
Earnings per share, basic and diluted |  | $ | 0.07 |  |  | $ | 0.04 |
Weighted average common shares outstanding, basic and diluted |  |  | 8,216,511 |  |  |  | 8,222,813 |
There were no stock option shares outstanding for the three-month periods ended September 30, 2021 and 2020.

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