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Earnings Per Share
 3 Months Ended
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.