Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Earnings Per Share (Tables)

v3.23.3
Note 11 - Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2023
Notes Tables  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
   

Three Months Ended September 30,

   

Nine months ended September 30,

 
   

2023

   

2022

   

2023

   

2022

 
   

(Income in thousands)

   

(Income in thousands)

 

Net (loss) income applicable to common shares

  $ (232 )   $ 118     $ (188 )   $ (12 )
                                 

Average number of common shares outstanding

    5,490,825       5,397,959       5,422,851       5,042,050  

Less: Average unallocated ESOP shares

    397,238       426,029       402,589       397,529  

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

    5,093,587       4,971,930       5,020,262       4,644,521  

Earnings (loss) income per common share basic and diluted

  $ (0.05 )   $ 0.02     $ (0.04 )   $ (0.00 )