Loans

3 Months Ended

Jun. 30, 2012

Loans [Abstract]

Loans

NOTE 6 – Loans

A summary of the balances of loans follows:

		June 30, 2012			March 31, 2012
		(In thousands)
Residential real estate:
1-4 family	$	121,216		$	125,636
Home equity loans		36,078			37,724
Commercial real estate		299,366			289,057
Consumer loans		9,639			9,772
Commercial loans		97,995			94,668
Total loans		564,294			556,857
Allowance for loan losses		(5,815	)		(5,697	)
Net deferred loan fees		1,083			1,086
Loans, net	$	559,562		$	552,246

     The Company has transferred a portion of its originated commercial real estate loans and commercial loans to participating lenders. The amounts transferred have been accounted for as sales and therefore not included in the Company's accompanying consolidated balance sheets. The Company and participating lenders share ratably in any gains and losses that may result from a borrower's lack of compliance with contractual terms of the loan. The Company continues to service the loans on behalf of the participating lenders and, as such, collects cash payments from the borrowers, remits payments (net of servicing fees) to participating lenders and disburses required escrow funds to relevant parties. At June 30, 2012 and March 31, 2012, the Company was servicing loans for participants aggregating $13.5 million and $13.3 million, respectively.