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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Interest received $ 11,704,151 $ 9,788,679
Fees and commissions received 817,522 417,663
Interest paid (2,029,095) (1,661,812)
Cash paid to suppliers and employees (9,259,922) (8,216,949)
Origination of loans held for sale (3,969,775) (3,305,750)
Proceeds from sale of loans held for sale 4,336,295 2,759,677
Income taxes (paid) refund received (204,030) 565,595
Net cash provided by operating activities 1,395,146 $ 347,103
Cash flows from investing activities    
Acquisition, net of cash acquired (12,723,871)
Proceeds from sale of securities available for sale 19,228,336 $ 11,776,244
Proceeds from maturing and called securities available for sale, including principal pay downs 21,322,394 $ 23,994,244
Proceeds from maturing and called certificates of deposit 514,510
Purchase of investment securities available for sale (8,020,125) $ (23,242,712)
Purchase of Federal Home Loan Bank stock (3,800) (256,700)
Loans made, net of principal repayments (8,018,865) (15,847,543)
Purchase of premises and equipment (75,052) $ (145,152)
Proceeds from sale of foreclosed real estate 11,752
Proceeds from sale of premises and equipment 463,839 $ 23,500
Net cash provided (used) by investing activities 12,699,120 (3,698,119)
Cash flows from financing activities    
Net increase (decrease) in Deposits 38,312,626 (16,501,279)
Advances by borrowers for taxes and insurance $ 460,766 (50,769)
Proceeds from borrowings $ 6,000,000
Payments of borrowings $ (2,000,000)
Redemption of restricted stock $ (63,010)
Repurchase of common stock $ (2,526,358)
Net cash provided (used) by financing activities $ 36,710,382 (13,078,406)
Net increase/(decrease) in cash and cash equivalents 50,804,648 (16,429,422)
Cash and cash equivalents at beginning of period 16,643,888 33,073,310
Cash and cash equivalents at end of period 67,448,536 $ 16,643,888
Supplemental disclosures of cash flow information    
Payments to Acquire Businesses, Gross 14,192,370
Less cash acquired 1,468,499
Acquisition, net of cash acquired 12,723,871
Reconciliation of net loss to net cash provided (used) by operating activities    
Net loss (92,616) $ (314,309)
Adjustments to reconcile net loss to net cash provided by operating activities    
Amortization of premiums on certificates of deposit 12,858
Amortization of premiums on securities 387,268 $ 462,741
Gain on sale of investment securities $ (271,559) $ (271,551)
Loss on sale of foreclosed real estate
Writedown of foreclosed real estate $ 221,005
Loan premium amortization $ (9,807)
Deposit premium amortization (104,833)
Borrowing premium amortization (83,910)
Core deposit intangible asset amortization 62,573 $ 33,000
Premises and equipment depreciation and amortization 278,865 252,723
Gain on disposal of premises and equipment (407,188) (1,832)
Stock based compensation 434,675 420,129
Provision for loan losses 440,000 170,000
ESOP shares allocated for release 186,330 175,027
Decrease (increase) in    
Accrued interest receivable (112,226) (46,140)
Loans held for sale 321,689 (581,139)
Cash surrender value of life insurance (349,939) (357,891)
Income taxes refundable and deferred income taxes 217,660 228,242
Other assets 377,626 180,171
Increase (decrease) in    
Accrued interest payable 3,042 (3)
Deferred loan origination fees 36,074 (16,383)
Other liabilities 68,564 (206,687)
Net cash provided by operating activities $ 1,395,146 347,103
Noncash investing activity    
Real estate acquired through foreclosure $ 12,560