EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of earnings per share

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
	(Income in thousands, except share data)
Net loss applicable to common shares	$	(4,041)	$	(1,432)	$	(9,224)	$	(4,466)
Shares
Average number of common shares outstanding	23,214,421		25,320,701		23,669,569		26,354,461
Less: Average unallocated ESOP shares	1,950,939		2,042,211		1,973,674		2,064,862
Average number of common shares outstanding used to calculate basic earnings per common share	21,263,482		23,278,490		21,695,895		24,289,599
Common stock equivalents	—		—		—		—
Average number of common shares outstanding used to calculate diluted earnings per common share	21,263,482		23,278,490		21,695,895		24,289,599
Loss per common share
Basic	$	(0.19)	$	(0.06)	$	(0.43)	$	(0.18)
Diluted	$	(0.19)	$	(0.06)	$	(0.43)	$	(0.18)