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Consolidated Statements of Financial Condition - USD ($)
Mar. 31, 2017
Mar. 31, 2016
Assets    
Cash and due from banks $ 24,436,793 $ 47,101,688
Federal funds sold 4,917,128 20,346,848
Cash and cash equivalents 29,353,921 67,448,536
Certificates of deposit held as investment 499,280 3,968,229
Investment securities available for sale, at fair value 102,429,128 70,484,400
Federal Home Loan Bank stock, at cost 2,020,200 1,042,500
Loans held for sale 0 259,450
Loans 338,933,198 221,859,056
Allowance for loan losses (2,194,815) (1,702,365)
Net loans and leases 336,738,383 220,156,691
Premises and equipment, net 3,674,280 3,555,474
Premises and equipment held for sale 547,884 405,000
Foreclosed real estate 503,094 443,015
Accrued interest receivable 1,310,080 948,166
Bank-owned life insurance 18,253,348 12,709,908
Deferred income taxes 7,976,850 2,353,141
Income taxes refundable 228,920
Goodwill and other intangible assets 9,302,828 7,386,111
Other assets 1,920,740 1,527,014
Total Assets 514,530,016 392,916,555
Liabilities    
Noninterest-bearing deposits 30,401,454 19,747,437
Interest-bearing deposits 382,454,320 294,246,214
Total deposits, amount 412,855,774 313,993,651
Borrowings 36,124,899 14,805,237
Advances by borrowers for taxes and insurance 1,868,110 1,079,794
Other liabilities 3,890,003 1,493,290
Total liabilities 454,738,786 331,371,972
Commitments and contingencies
Shareholders' Equity    
Common stock, $.01 par value, 100,000,000 shares authorized. Issued and outstanding: 3,411,075 shares at March 31, 2017 and 3,413,646 shares at March 31, 2016 34,111 34,136
Additional paid in capital 31,656,235 31,242,731
Retained earnings 31,730,673 32,659,455
Unearned ESOP shares (2,221,800) (2,369,920)
Accumulated other comprehensive loss (1,407,989) (21,819)
Total shareholders' equity 59,791,230 61,544,583
Total Liabilities and Shareholders' Equity $ 514,530,016 $ 392,916,555