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Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
Dec. 31, 2016
Mar. 31, 2016
Assets    
Cash and due from banks $ 15,703,886 $ 47,101,688
Federal funds sold 2,611,864 20,346,848
Cash and cash equivalents 18,315,750 67,448,536
Certificates of deposit held as investment 499,303 3,968,229
Securities available for sale, at fair value 106,754,363 70,484,400
Federal Home Loan Bank stock, at cost 1,640,100 1,042,500
Loans held for sale 259,450
Loans 331,398,269 221,859,056
Allowance for loan losses (2,063,569) (1,702,365)
Net loans and leases 329,334,700 220,156,691
Premises and equipment, net 4,228,766 3,555,474
Premises and equipment held for sale 405,000
Foreclosed real estate 460,220 443,015
Accrued interest receivable 1,481,388 948,166
Bank-owned life insurance 18,132,876 12,709,908
Deferred income taxes 7,408,268 2,353,141
Income taxes refundable 228,920
Goodwill and other intangible assets 9,393,243 7,386,111
Other assets 2,186,102 1,527,014
Total Assets 499,835,079 392,916,555
Liabilities    
Noninterest-bearing deposits 22,397,875 19,747,437
Interest-bearing deposits 385,927,067 294,246,214
Total deposits, amount 408,324,942 313,993,651
Borrowings 26,194,142 14,805,237
Advances by borrowers for taxes and insurance 1,112,278 1,079,794
Other liabilities 3,529,827 1,493,290
Total liabilities 439,161,189 331,371,972
Commitments and contingencies
Shareholders' Equity    
Common stock, $.01 par value, 100,000,000 shares authorized. Issued: 3,413,646 shares at December 31, 2016 and March 31, 2016 34,136 34,136
Additional paid in capital 31,631,868 31,242,731
Retained earnings 32,707,101 32,659,455
Unearned ESOP shares (2,221,800) (2,369,920)
Accumulated other comprehensive loss (1,477,415) (21,819)
Total shareholders' equity 60,673,890 61,544,583
Total Liabilities and Shareholders' Equity $ 499,835,079 $ 392,916,555