EARNINGS PER SHARE (Tables)

6 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Schedule of earnings per share, basic and diluted

	Three months ended September 30, 2012			Three months ended September 30, 2011			Six months ended September 30, 2012			Six months ended September 30, 2011
Numerator:
Net income before preferred dividends	$	2,882		$	6,478		$	5,977		$	9,807
Preferred stock dividends	(782		)	(694		)	(1,540		)	(1,354		)
Net income applicable to common stockholders	$	2,100		$	5,784		$	4,437		$	8,453
Denominator:
Weighted average common shares for basic EPS	17,724,389			15,142,066			17,722,242			15,001,283
Effect of dilutive securities:
Average price during period	7.71			6.97			8.02			7.17
Long term incentive stock option plan	479,785			479,785			479,785			479,785
Average exercise price of stock options	5.66			5.66			5.66			5.66
Shares that could be acquired with the proceeds of options	352,325			389,567			338,635			378,755
Dilutive shares due to options	127,460			90,219			141,150			101,030
Weighted average convertible preferred shares at $6.20	2,419,355			2,419,355			2,419,355			2,419,355
Weighted average common shares for diluted EPS	17,724,389			17,651,640			17,722,242			17,521,668
Basic EPS	$	0.12		$	0.38		$	0.25		$	0.56
Diluted EPS	$	0.12		$	0.37		$	0.25		$	0.56