Supplemental Disclosure for Earnings Per Share

6 Months Ended

Jun. 30, 2023

Supplemental Disclosure for Earnings Per Share

Supplemental Disclosure for Earnings Per Share

6. Supplemental Disclosure for Earnings Per Share

Nonvested restricted stock shares and unallocated ESOP shares are not considered as outstanding for purposes of computing weighted average common shares outstanding. Potential dilutive common shares are excluded from the computation of diluted net income per common share in the periods where the effect would be antidilutive. Excluded from the computation of diluted net income per common share were weighted-average antidilutive shares totaling 89,403 for the three and six months ended June 30, 2023, respectively. No stock options for common stock and no restricted stock awards were excluded from the calculation of diluted net income per common share because their effect was antidilutive for the three and six months ended June 30, 2022.


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022

	(Dollars in thousands, except per share data)
Basic
Earnings:
Net income	$	400	$	526	$	740	$	993

Shares:
Weighted average common shares outstanding		2,703,389		2,722,365		2,702,066		2,766,818

Net income per common share, basic	$	0.14	$	0.19	$	0.27	$	0.36

Diluted
Earnings:
Net income	$	400	$	526	$	740	$	993

Shares:

Weighted average common shares outstanding		2,703,389		2,722,365		2,702,066		2,766,818
Add: Dilutive effect of stock options		79		247		91		254
Add: Dilutive effect of restricted stock		1,276		3,277		827		2,678

Weighted average common shares outstanding, as adjusted		2,704,744		2,725,889		2,702,984		2,769,750

Net income per common share, diluted	$	0.14	$	0.19	$	0.27	$	0.36

Mid-Southern Bancorp, Inc. 10-Q