Three Months Ended September 30,

2021

2020

Net income available to common stockholders (in thousands)

$

12,259

$

11,893

Average number of common shares outstanding

54,021,542

58,375,742

Less: Average unallocated ESOP shares and non-vested restricted shares

(4,220,419)

(3,910,403)

Weighted average number of common shares outstanding used to calculate basic earnings per common share

49,801,123

54,465,339

Dilutive effect of share-based compensation

862,292

—

Weighted average number of common shares outstanding used to calculate diluted earnings per common share

50,663,415

54,465,339

Earnings per common share:

Basic

$

0.25

$

0.22

Diluted

$

0.24

$

0.22