Note 8 - Related Party Transactions

12 Months Ended

Mar. 31, 2017

Note

Related Party Transactions

The officers and directors of the Bank enter into loan transactions with the Bank in the ordinary course of business. The terms of these transactions are similar to the terms provided to other borrowers entering into similar loan transactions. All related party loans are subject to review by management and the board of directors.

Activity in these loans during the years ended

March 31, 2017

and

2016

was as follows:

	2017			2016

Balance - Beginning of year	$	381,948		$	475,115
New loans and lines of credit advances		7,500			23,800
Principal repayments		(44,134	)		(116,967	)
Balance - End of year	$	345,314		$	381,948

As of

March 31, 2017

and

2016,

respectively, related parties had

$7,500

and

$23,000

of new loans and

$6,150

of credit available under lines of credit. Deposits from officers and directors of the Bank totaled

$1,122,872

and

$1,009,456

March 31, 2017

and

2016,

respectively.