XML 27 R7.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flow from operating activities  
Net Income$ 221,352$ 233,959
Adjustments to reconcile net income to net cash provided by operating activities:  
Deferred income taxes27,138117,430
Depreciation169,500172,206
Discount accretion net of premium amortization(1,128)(24,060)
Provision for loan losses155,000273,000
Income from bank owned life insurance(5,805)(5,699)
Loss on sale of real estate owned56,018 
(Increase) decrease in:  
Accrued interest receivable2,39633,185
Other assets235,097210,140
Prepaid income taxes (1,300)
Increase (decrease) in:  
Accrued interest payable1,110(12,186)
Other liabilities110,352262
Net cash provided by operating activities971,030996,937
Cash flows from investing activities  
Proceeds of securities available for sale4,4596,084
Purchases of securities held-to-maturity(6,500,000)(10,642,500)
Proceeds from maturities and principal repayments of securities held-to-maturity3,997,20712,602,984
Purchase of investment required by law – stock in Federal Home Loan Bank(56,900)(18,500)
Net decrease in loans901,472554,415
Purchases of premises and equipment(3,600)(8,930)
Proceeds from sale of real estate owned345,321 
Net cash provided by(used in) investing activities(1,312,041)2,493,553
Cash flows from financing activities  
Net increase (decrease) in deposits8,059(2,944,428)
Net decrease in advance payments by borrowers for taxes and insurance(44,022)(67,996)
Increase in Federal home Loan Bank Advances400,000 
Net cash provided by (used in) financing activities364,037(3,012,424)
Net decrease in cash and cash equivalents23,026478,066
Cash and cash equivalents, beginning of the period5,662,6294,883,669
Cash and cash equivalents, end of period5,685,6555,361,735
Supplemental Disclosures:  
Cash paid during the period for interest745,1341,057,243
Cash paid during the period for income taxes2,2501,040
Loans transferred to foreclosed real estate during the period40,000405,000
Total increase in unrealized gain on securities available-for-sale$ 5,414$ 6,745