EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2024

EARNINGS PER SHARE

Schedule of basic and diluted earnings per share

	Three Months Ended June 30,
	2024		2023
Net income available to common stockholders (in thousands)	$	7,296	$	7,479
Average number of common shares outstanding		44,648,561		46,620,893
Less: Average unallocated ESOP shares and non-vested restricted shares		(3,354,774)		(3,557,386)
Weighted average number of common shares outstanding used to calculate basic earnings per common share		41,293,787		43,063,507
Dilutive effect of share-based compensation		76,502		69,948
Weighted average number of common shares outstanding used to calculate diluted earnings per common share		41,370,289		43,133,455
Earnings per common share:
Basic	$	0.18	$	0.17
Diluted	$	0.18	$	0.17

	Six Months Ended June 30,
	2024		2023
Net income available to common stockholders (in thousands)	$	14,596	$	14,776
Average number of common shares outstanding		44,967,016		47,522,623
Less: Average unallocated ESOP shares and non-vested restricted shares		(3,363,912)		(3,567,212)
Weighted average number of common shares outstanding used to calculate basic earnings per common share		41,603,104		43,955,411
Dilutive effect of share-based compensation		145,559		248,482
Weighted average number of common shares outstanding used to calculate diluted earnings per common share		41,748,663		44,203,893
Earnings per common share:
Basic	$	0.35	$	0.34
Diluted	$	0.35	$	0.33