Earnings Per Common Share

9 Months Ended

Jun. 30, 2024

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 and nine-month periods ended June 30, 2024 and 2023 (In thousands, except per share data) (unaudited).

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
Basic earnings per share:	2024		2023		2024		2023
Net income	$	183	$	232	$	403	$	232
Weighted average common shares outstanding used to calculate
basic and diluted earnings per common share		1,053		2,031		1,052		2,031
Basic and diluted earnings per common share	$	0.17	$	0.11	$	0.38	$	0.11

There were no dilutive or antidilutive shares at June 30, 2024 or 2023.