Earnings per Share

6 Months Ended

Sep. 30, 2014

Earnings per Share

Note 3: Earnings per Share

Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding for the period. The weighted average shares exclude unallocated ESOP shares. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity.

Basic and diluted earnings per share for the three and six months ended September 30, 2014 and 2013 are summarized below:

	Three months ended September 30, 2014			Three months ended September 30, 2013			Six months ended September 30, 2014			Six months ended September 30, 2013
Net loss	$	(59,062	)	$	(500,299	)	$	(251,043	)	$	(482,712	)
Average common shares outstanding		3,147,580			3,421,572			3,205,123			3,421,572
Loss per common share - basic and diluted	$	(0.02	)	$	(0.15	)	$	(0.08	)	$	(0.14	)

Due to the net loss reported for the three and six months ended September 30, 2014, the outstanding common stock equivalents are not dilutive. There were no common stock equivalents, such as stock options, outstanding during the six months ended September 30, 2013.