XML 12 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
Sep. 30, 2016
Mar. 31, 2016
Cash and due from banks $ 36,303,965 $ 47,101,688
Federal funds sold 9,440,899 20,346,848
Cash and cash equivalents 45,744,864 67,448,536
Certificates of deposit held as investment 3,471,821 3,968,229
Investment securities available for sale, at fair value 95,740,770 70,484,400
Federal Home Loan Bank stock, at cost 1,640,100 1,042,500
Loans Receivable Held-for-sale, Amount 1,446,000 259,450
Loans 328,734,982 221,859,056
Allowance for loan losses (1,942,368) (1,702,365)
Net loans and leases 326,792,614 220,156,691
Premises and equipment, net 4,217,803 3,555,474
Premises and equipment held for sale 405,000 405,000
Real Estate Acquired Through Foreclosure 460,220 443,015
Accrued interest receivable 1,306,616 948,166
Bank-owned life insurance 18,006,574 12,709,908
Deferred income taxes 6,359,372 2,353,141
Income taxes refundable 234,413 228,920
Goodwill and other intangible assets 9,424,759 7,386,111
Other assets 1,928,880 1,527,014
Total Assets 517,179,806 392,916,555
Liabilities    
Noninterest-bearing deposits 22,529,558 19,747,437
Interest-bearing deposits 399,777,044 294,246,214
Total deposits, amount 422,306,602 313,993,651
Borrowings 26,340,635 14,805,237
Advances by borrowers for taxes and insurance 1,335,132 1,079,794
Other liabilities 5,394,396 1,493,290
Total liabilities 455,376,765 331,371,972
Commitments and contingencies
Shareholders' Equity    
Common stock, $.01 par value, 100,000,000 shares authorized. Issued: 3,413,646 shares at September 30, 2016 and March 31, 2016 34,136 34,136
Additional paid in capital 31,460,188 31,242,731
Retained earnings 32,647,732 32,659,455
Unearned ESOP shares (2,369,920) (2,369,920)
Accumulated other comprehensive income (loss) 30,905 (21,819)
Total shareholders' equity 61,803,041 61,544,583
Total Liabilities and Shareholders' Equity $ 517,179,806 $ 392,916,555