EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2024

EARNINGS PER SHARE

Schedule of basic and diluted earnings per share

	Three Months Ended March 31,
	2024		2023
Net income available to common stockholders (in thousands)	$	7,300	$	7,297
Average number of common shares outstanding		45,285,471		48,434,373
Less: Average unallocated ESOP shares and non-vested restricted shares		(3,373,050)		(3,577,149)
Weighted average number of common shares outstanding used to calculate basic earnings per common share		41,912,421		44,857,224
Dilutive effect of share-based compensation		214,616		427,016
Weighted average number of common shares outstanding used to calculate diluted earnings per common share		42,127,037		45,284,240
Earnings per common share:
Basic	$	0.17	$	0.16
Diluted	$	0.17	$	0.16