Note 20 - Condensed Financial Statements of Parent Company (Tables)

12 Months Ended

Mar. 31, 2016

Notes Tables

Condensed Balance Sheet [Table Text Block]

	March 31, 2016			March 31, 2015
Assets
Cash and due from bank	$	5,725,430		$	10,296,338
Investment securities available-for-sale		1,000,250			981,710
Loans and leases, net of unearned income		632,786			-
ESOP loan receivable		2,449,810			2,565,219
Investment in bank subsidiary		51,548,080			46,910,011
Other assets		214,581			124,242
Total Assets	$	61,570,937		$	60,877,520
Liabilities	$	26,354		$	77,812
Shareholders' Equity
Common stock		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	$	61,570,937		$	60,877,520

Condensed Income Statement [Table Text Block]

	March 31, 2016			March 31, 2015
Interest revenue
Interest on loans, including fees	$	16,086		$	-
Interest on bank deposits		7,139			9,277
Interest on investments		22,500			46,223
Interest on ESOP loan		82,432			86,094
Total interest revenue		128,157			141,594
Noninterest revenue
Gain on sale of investment securities		-			40,906
Noninterest expenses
Legal		48,866			72,502
Other professional services		43,285			60,511
Merger related expenses		891,378			73,505
Other operating		232,680			124,579
Total noninterest expenses		1,216,209			331,097
Loss before income tax benefit and equity in net loss of bank subsidiary		(1,088,052	)		(148,597	)
Income tax benefit		(66,869	)		(54,960	)
Loss before equity in net loss of bank subsidiary		(1,021,183	)		(93,637	)
Equity in net income (loss) of bank subsidiary		928,567			(220,672	)
Net loss	$	(92,616	)	$	(314,309	)

Condensed Cash Flow Statement [Table Text Block]

	March 31, 2016			March 31, 2015
Cash flows from operating activities:
Net loss	$	(92,616	)	$	(314,309	)
Adjustments to reconcile net loss to net cash used by operating activities:
Equity in undistributed net gain of subsidiary		(928,567	)		220,672
Accretion of discount on investment securities		-			(10,040	)
Gain on sale of investment securities		-			(40,906	)
Increase in other assets		(96,962	)		(48,392	)
Decrease in other liabilities		(51,458	)		77,812
Net cash used by operating activities		(1,169,603	)		(115,163	)
Cash flows from investing activities:
Acquistion, net of cash acquired		(13,804,370	)		-
Principal collected on ESOP loan		115,409			111,775
Loans made, net of principal repayments		23,146			-
Proceeds from maturing and called certificates of deposit		264,510			-
Procceeds from sale of securities available for sale		-			1,970,000
Proceeds from maturing and called securities available for sale, including principal pay downs		-			4,000,000
Purchase of investment securities available-for-sale		-			(1,919,054	)
Net cash provided (used) by investing activities		(13,401,305	)		4,162,721
Cash flows from financing activities:
Dividend from Bank subsidiary		10,000,000			-
Repurchase of common stock		-			(2,502,190	)
Net cash provided (used) by financing activities		10,000,000			(2,502,190	)
Net increase (decrease) in cash and cash equivalents		(4,570,908	)		1,545,368
Cash and cash equivalents at beginning of period		10,296,338			8,750,970
Cash and cash equivalents at end of period	$	5,725,430		$	10,296,338