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Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flow from operating activities    
Net Income (Loss) $ 111,188 $ 131,776
Adjustments to reconcile net income (loss) to net cash provided by (uses in) operating activities:    
Deferred income taxes 13,593 51,346
Depreciation 85,983 85,977
Discount accretion net of premium amortization (304) (3,645)
Provision for loan losses 75,000 150,000
Income from bank owned life insurance (5,805) (5,699)
Loss on sale of real estate owned 56,018  
Changes in operating assets and liabilities    
Accrued interest receivable (26,056) 20,776
Other assets 149,658 114,318
Prepaid income taxes   (1,690)
Increase (decrease) in:    
Accrued interest payable 449 (6,610)
Other liabilities 78,233 43,545
Net cash provided by operating activities 537,957 580,094
Cash flows from investing activities    
(Purchases),sales of securities available-for-sale 1,800 3,792
Purchases of securities held-to-maturity   (4,000,000)
Proceeds from maturities and principal repayments of securities held-to-maturity 430,665 5,610,705
Sales (Purchase) of investment required by law – stock in Federal Home Loan Bank 10,600 (18,500)
Net increase in loans (1,718,515) 1,097,586
Purchases of premises and equipment (3,600)  
Proceeds from sale of real estate owned 345,321  
Net cash provided (used in) investing activities (933,729) 2,693,583
Cash flows from financing activities    
Net increase (decrease) in deposits 837,152 (2,034,309)
Net increase in advance payments by borrowers for taxes and insurance 29,600 (10,053)
Increase (decrease) in advances (1,100,000)  
Net cash provided by (used in) financing activities (233,248) (2,044,362)
Net increase (decrease) in cash and cash equivalents (629,020) 1,229,315
Cash and cash equivalents, beginning of the period 5,662,629 4,883,669
Cash and cash equivalents, end of period 5,033,609 6,112,984
Supplemental Disclosures:    
Cash paid during the period for interest 375,478 556,579
Cash paid during the period for income taxes 1,750 2,080
Loans transferred to foreclosed real estate during the period   187,253
Total increase in unrealized gain on securities available-for-sale $ 768 $ 948