Earnings Per Share

9 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share

Note 16:Earnings Per Share

Earnings per share (EPS) were computed as follows:

	Nine Month Period Ended December 31, 2011
	Net Income		Weighted-Average Shares		Per Share Amount
	(In thousands)
Net income	$	1,334
Basic earnings per share
Income available to common stockholders				2,930,106	$	0.46
Effect of dilutive securities
Stock options				–
Diluted earnings per share
Income available to common stockholders and assumed conversions	$	1,334		2,930,106	$	0.46

	12 Month Period Ended March 31, 2011
	Net Income		Weighted-Average Shares		Per Share Amount
	(In thousands)
Net income	$	2,198
Basic earnings per share
Income available to common stockholders				2,923,637	$	0.75
Effect of dilutive securities
Stock options				–
Diluted earnings per share
Income available to common stockholders and assumed conversions	$	2,198		2,923,637	$	0.75

Options to purchase 63,408 shares of common stock at an exercise price of $13.95 per share were outstanding at December 31, 2011 and 83,816 at March 31, 2011, but were not included in the computation of diluted earnings per share because the options’ exercise price was greater than the average market price of the common shares in both years.