Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Earnings Per Share (Tables)

v3.23.2
Note 11 - Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2023
Notes Tables  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
   

Three Months Ended June 30,

   

Six months ended June 30,

 
   

2023

   

2022

   

2023

   

2022

 
   

(Income in thousands)

   

(Income in thousands)

 

Net (loss) income applicable to common shares

  $ (126 )   $ 149     $ 44     $ (130 )
                                 

Average number of common shares outstanding

    5,378,749       5,397,959       5,388,301       4,861,145  

Less: Average unallocated ESOP shares

    402,622       426,029       405,309       385,231  

Average number of common shares outstanding used to calculate basic earnings per common share

    4,976,127       4,971,930       4,982,992       4,475,914  

Earnings (loss) income per common share basic and diluted

  $ (0.03 )   $ 0.03     $ 0.01     $ (0.03 )