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Consolidated Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest revenue        
Loans, including fees $ 1,743,737 $ 2,089,194 $ 3,585,964 $ 4,239,422
U.S. treasuries and government agencies 112,386 116,671 222,358 235,553
Municipal bonds 32,971   68,837  
Mortgage-backed securities 389,909 394,356 778,244 788,693
Federal funds sold and other bank deposits 6,168 8,433 16,373 20,068
Total interest revenue 2,285,171 2,608,654 4,671,776 5,283,736
Interest expense        
Deposits 427,918 485,532 858,989 1,033,490
Net interest income 1,857,253 2,123,122 3,812,787 4,250,246
Provision for loan losses 170,000 1,014,557 470,000 1,318,557
Net interest income after provision for loan losses 1,687,253 1,108,565 3,342,787 2,931,689
Noninterest revenue        
Service charges 115,869 104,570 220,585 200,363
Gain on sale of investment securities 166,155   188,174 95,516
Gain on sale of loans held for sale 23,539 16,470 24,737 19,982
Earnings on bank-owned life insurance 90,856 96,994 181,386 193,940
Other (7,373) 1,261 5,836 2,489
Total noninterest revenue 389,046 219,295 620,718 512,290
Noninterest expenses        
Salaries 918,370 808,198 1,810,423 1,626,024
Employee benefits 412,831 315,923 833,732 609,355
Occupancy 202,483 266,136 406,843 485,519
Advertising 30,554 44,654 64,292 118,555
Furniture and equipment 60,726 70,743 116,377 155,356
Data processing 128,393 133,733 275,919 285,635
Legal services 49,848 98,257 109,539 191,110
Other professional services 59,625 96,478 154,108 219,254
Deposit insurance premiums 59,896 64,396 118,094 124,386
Foreclosed real estate expense and losses   23,140   40,595
Other operating 289,751 295,797 577,810 526,245
Total noninterest expenses 2,212,477 2,217,455 4,467,137 4,382,034
Income (loss) before income taxes (136,178) (889,595) (503,632) (938,055)
Income tax (benefit) expense (77,116) (389,296) (252,589) (455,343)
Net (loss) income $ (59,062) $ (500,299) $ (251,043) $ (482,712)
Basic earnings (loss) per common share - basic and diluted $ (0.02) $ (0.15) $ (0.08) $ (0.14)