Quarterly Results of Operations (Unaudited)

12 Months Ended

Mar. 31, 2013

Quarterly Financial Data [Abstract]

Quarterly Results of Operations (Unaudited)

12. Quarterly Results of Operations (Unaudited)

	Fiscal Year ended March 31, 2013
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Total revenue	$	20,427,726	$	20,705,421	$	20,604,861	$	20,372,438
Interest expense		1,192,140		1,250,231		1,275,015		1,403,441
Provision for credit losses		3,103,266		3,261,721		3,484,811		3,542,077
Non-interest expense		7,343,103		7,804,873		8,370,168		7,593,445
Operating income before income taxes		8,789,217		8,388,596		7,474,867		7,833,475
Income tax expense		3,381,761		3,238,458		2,878,811		3,046,179
Net income	$	5,407,456	$	5,150,138	$	4,596,056	$	4,787,296
Earnings per share:
Basic	$	0.45	$	0.43	$	0.38	$	0.40
Diluted	$	0.44	$	0.42	$	0.38	$	0.39
Dividends per share	$	0.10	$	0.12	$	2.12	$	0.12
	Fiscal Year ended March 31, 2012
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Total revenue	$	19,613,691	$	20,262,360	$	20,219,413	$	20,419,586
Interest expense		1,228,978		1,236,893		1,236,866		1,189,117
Provision for credit losses		3,049,461		3,209,524		3,507,659		2,600,949
Non-interest expense		6,695,286		6,779,122		6,755,283		6,877,637
Operating income before income taxes		8,639,966		9,036,821		8,719,605		9,751,883
Income tax expense		3,331,408		3,504,456		3,340,762		3,749,890
Net income	$	5,308,558	$	5,532,365	$	5,378,843	$	6,001,993
Earnings per share:
Basic	$	0.46	$	0.47	$	0.46	$	0.51
Diluted	$	0.44	$	0.46	$	0.45	$	0.50
Dividends per share	$	0.00	$	0.10	$	0.10	$	0.10

The quarterly results for the first three quarters of fiscal 2013 and for each quarter of fiscal 2012 as reported in the Company’s quarterly filings on Form 10-Q have been revised for the error corrections discussed in Note 2. Net income for the combined first three quarters of fiscal 2013 increased by $52,955. Diluted earnings per share for the third quarter of fiscal 2013 increased by $0.01 per share as a result of the correction. Basic and diluted earnings per share were not impacted in the other quarters presented.