Condensed Financial Information (Parent Company Only)

9 Months Ended

Dec. 31, 2011

Financial Information Parent Company Only

Condensed Financial Information (Parent Company Only)

Note 20:Condensed Financial Information (Parent Company Only)

Presented below is condensed financial information as to financial position, results of operations and cash flows of the Company:

Condensed Balance Sheets

	December 31, 2011			March 31, 2011
	(In thousands)
Assets
Cash and due from banks	$	150		$	172
Notes receivable from the Bank		770			852
Investment in the Bank		38,974			37,387
Prepaid expenses and other assets		17			66
Total assets	$	39,911		$	38,477
Liabilities and Stockholders’ Equity
Accrued expenses and other liabilities	$	196		$	198
Stockholders’ equity
Common stock and additional paid-in capital		36,384			36,395
Retained earnings		16,635			15,828
Shares acquired by ESOP		(655	)		(719	)
Treasury stock – at cost		(14,530	)		(14,530	)
Accumulated other comprehensive income		1,881			1,305
Total stockholders’ equity		39,715			38,279
Total liabilities and stockholders’ equity	$	39,911		$	38,477

Condensed Statements of Income

	December 31, 2011			March 31, 2011
	9 months			12 months
	(In thousands)
Operating Income
Interest income	$	38		$	55
Dividends from the Bank		501			842
Total operating income		539			897
Noninterest Expense		206			227
Earnings before Federal Income Tax Benefits and equity in undistributed income of the Bank		333			670
Federal Income Tax Benefits		(56	)		(59	)
Income before equity in undistributed income of the Bank		389			729
Equity in undistributed income of the Bank		945			1,469
Net Income	$	1,334		$	2,198

Condensed Statements of Cash Flows

	December 31, 2011			March 31, 2011
	9 months			12 months
	(In thousands)
Operating Activities
Net income	$	1,334		$	2,198
Items not requiring (providing) cash
Equity in undistributed net income of the Bank		(945	)		(1,469	)
Increase (decrease) in cash due to changes in:
Prepaid expenses and other assets		35			(9	)
Accrued expenses and other liabilities		(1	)		1
Net cash provided by operating activities		423			721
Investing Activities
Repayment of ESOP loan		82			81
Net cash provided by investing activities		82			81
Financing Activities
Payment of dividends on common stock		(527	)		(702	)
Net cash used in financing activities		(527	)		(702	)
Net Change in Cash and Cash Equivalents		(22	)		100
Cash and Cash Equivalents at Beginning of Period		172			72
Cash and Cash Equivalents at End of Period	$	150		$	172