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Consolidated Statements of Financial Condition - USD ($)
Mar. 31, 2016
Mar. 31, 2015
Cash and due from banks $ 47,101,688 $ 10,769,681
Federal funds sold 20,346,848 5,874,207
Cash and cash equivalents 67,448,536 $ 16,643,888
Certificates of deposit held as investment 3,968,229
Securities available for sale, at fair value 70,484,400 $ 92,939,751
Federal Home Loan Bank stock, at cost 1,042,500 522,700
Loans held for sale 259,450 581,139
Loans receivable, total 221,859,056 160,285,194
Allowance for loan losses (1,702,365) (1,690,236)
Net loans and leases 220,156,691 158,594,958
Premises and equipment, net 3,555,474 $ 1,972,348
Assets Held-for-sale, Not Part of Disposal Group 405,000
Real Estate Acquired Through Foreclosure 443,015 $ 455,575
Accrued interest receivable 948,166 835,940
Bank-owned life insurance 12,709,908 12,359,969
Deferred income taxes 2,353,141 $ 1,961,850
Income taxes refundable 228,920
Goodwill and other intangible assets 7,386,111 $ 2,802,765
Other assets 1,527,014 1,368,886
Total Assets 392,916,555 291,039,769
Liabilities    
Noninterest-bearing deposits 19,747,437 16,652,771
Interest-bearing deposits 294,246,214 205,666,121
Total deposits 313,993,651 222,318,892
Borrowings 14,805,237 6,000,000
Advances by borrowers for taxes and insurance 1,079,794 619,028
Other liabilities 1,493,290 1,302,141
Total liabilities $ 331,371,972 $ 230,240,061
Commitments and contingencies
Shareholders' Equity    
Common stock, $.01 par value, 100,000,000 shares authorized. Issued: 3,413,646 shares at March 31, 2016 and 3,417,713 shares at March 31, 2015 $ 34,136 $ 34,177
Additional paid in capital 31,242,731 30,832,815
Retained earnings 32,659,455 32,752,071
Unearned ESOP shares (2,369,920) (2,518,040)
Accumulated other comprehensive loss (21,819) (301,315)
Total shareholders' equity 61,544,583 60,799,708
Total Liabilities and Shareholders' Equity $ 392,916,555 $ 291,039,769