Earnings Per Common Share

3 Months Ended

Dec. 31, 2023

Earnings Per Common Share

Earnings Per Common Share

Note 3:  Earnings Per Common Share

Basic earnings per common share represent income available to common shareholders divided by the weighted average number of common shares outstanding during the period.  Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Unallocated common shares held by the ESOP are not included in the weighted-average number of common shares outstanding for purposes of calculating basic earnings per common share until they are committed to be released.

The table below sets forth the computation of basic and diluted earnings per common share for the three-month periods ending December 31, 2023 and 2022 (In thousands, except per share data) (unaudited).

	Three Months Ended
	December 31,
Basic earnings per share:	2023		2022
Net income	$	118	$	46
Weighted average common shares outstanding used to calculate basic and diluted earnings per common share		1,050		2,031
Basic and diluted earnings per common share	$	0.11	$	0.02

There were no dilutive or antidilutive shares at December 31, 2023 or 2022.