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Earnings Per Share
 9 Months Ended
Mar. 31, 2023
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:

 

   Nine months ended
March 31,		   Three months ended
March 31,		 
   2023   2022   2023   2022 
Net income allocated to common shareholders, basic and diluted
  $891,000   $1,384,000   $144,000   $334,000 
                     
EARNINGS PER SHARE  $0.11   $0.17   $0.02   $0.04 
Weighted average common shares outstanding, basic and diluted
   8,144,767    8,216,989    8,129,006    8,215,825 

 

There were no stock option shares outstanding for the nine- or three-month periods ended March 31, 2023 and 2022.