Note 3 - Acquisitions (Tables)

12 Months Ended

Mar. 31, 2017

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

	As recorded by
	Fraternity Community			Fair Value				As recorded by
	Bancorp, Inc.			Adjustments				Hamilton Bancorp, Inc.
Identifiable assets:
Cash and cash equivalents	$	15,196,058		$	-			$	15,196,058
Investment securities available for sale		17,570,712			-				17,570,712
FHLB Bank Stock		782,600			-				782,600
Loans		108,872,041			(67,858	)	A		108,804,183
Allowance For Loan Loss		(1,550,000	)		1,550,000		A		-
Premises and equipment		691,095			78,711		B		769,806
Bank-Owned Life Insurance		5,058,041			-				5,058,041
Deferred income taxes		2,743,481			(410,377	)	C		2,333,104
Other assets		2,877,665			-				2,877,665
Total identifiable assets	$	152,241,693		$	1,150,476			$	153,392,169
Identifiable liabilities:
Non-interest bearing deposits		1,242,187			-				1,242,187
Interest bearing deposits		107,648,792			1,098,131		D		108,746,923
Borrowings		15,000,000			793,537		E		15,793,537
Other liabilities		4,023,914			-				4,023,914
Total identifiable liabilities	$	127,914,893		$	1,891,668			$	129,806,561
Net tangible assets acquired		24,326,800			(741,192	)			23,585,608
Definite lived intangible assets acquired		-			242,020				242,020
Goodwill		-			1,877,243				1,877,243
Net intangible assets acquired		-			2,119,263				2,119,263
Total cash consideration	$	24,326,800		$	1,378,071			$	25,704,871

	As recorded by			Fair Value				As recorded by
	Fairmount Bancorp, Inc.			Adjustments				Hamilton Bancorp, Inc.
Identifiable assets:
Cash and cash equivalents	$	1,468,499		$	-			$	1,468,499
Certificates of deposit		4,467,825			27,772		A		4,495,597
Investment securities available for sale		9,729,405			-				9,729,405
Loans		55,454,414			(1,876,502	)	B		53,577,912
Allowance For Loan Loss		(591,070	)		591,070		B		-
Premises and equipment		2,975,587			(726,997	)	C		2,248,590
Core Deposit Intangible		22,802			(22,802	)	D		-
Deferred income taxes		965,256			596,675		E		1,561,931
Other assets		1,031,755			-				1,031,755
Total identifiable assets	$	75,524,473		$	(1,410,784	)		$	74,113,689
Identifiable liabilities:
Non-interest bearing deposits		909,669			-				909,669
Interest bearing deposits		52,123,868			433,429		F		52,557,297
Borrowings		10,500,000			389,147		G		10,889,147
Other liabilities		120,351			-				120,351
Total identifiable liabilities	$	63,653,888		$	822,576			$	64,476,464
Net tangible assets acquired		11,870,585			(2,233,360	)			9,637,225
Definite lived intangible assets acquired		-			542,540				542,540
Goodwill		-			4,012,605				4,012,605
Net intangible assets acquired		-			4,555,145				4,555,145
Total cash consideration	$	11,870,585		$	2,321,785			$	14,192,370

Business Acquisition, Pro Forma Information [Table Text Block]

	Twelve Months Ended March 31,
	2017			2016
Net interest income	$	14,484,677		$	14,385,630
Other non-interest revenue		1,076,971			1,733,401
Total revenue		15,561,648			16,119,031
Provision expense		3,395,006			440,000
Other non-interest expense		12,378,437			14,584,149
(Loss) income before income taxes		(211,795	)		1,094,882
Income tax (benefit) expense		(239,925	)		717,693
Net income	$	28,130		$	377,189
Basic earnings per share	$	0.01		$	0.12
Diluted earnings per share	$	0.01		$	0.12

	Twelve Months Ended March 31,
	2017			2016
Net interest income	$	13,890,500		$	10,948,521
Other non-interest revenue		1,054,547			1,657,715
Total revenue		14,945,047			12,606,236
Provision expense		3,395,006			440,000
Other non-interest expense		13,236,828			10,462,955
(Loss) income before income taxes		(1,686,787	)		1,703,281
Income tax (benefit) expense		(758,005	)		840,532
Net (loss) income	$	(928,782	)	$	862,749
Basic (loss) earnings per share	$	(0.29	)	$	0.27
Diluted (loss) earnings per share	$	(0.29	)	$	0.27

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block]

	Contractually
	Required		Non-Accretable			Cash Flows					Carrying Value
	Payments		Credit			Expected To Be		Accretable FMV			of Loans
	Receivable		Adjustments			Collected		Adjustments			Receivable
Performing loans acquired	$	107,474,993	$	-		$	107,474,993	$	301,672		$	107,776,665
Impaired loans acquired		1,397,048		(314,484	)		1,082,564		(55,046	)		1,027,518
Total	$	108,872,041	$	(314,484	)	$	108,557,557	$	246,626		$	108,804,183

Business Acquisitions, Components of Acquisition Related Costs [Table Text Block]

	Fiscal Year Ending March 31,
	2017		2016
Legal	$	55,500	$	502,326
Professional services		157,567		316,959
Data processing		-		48,745
Advertising		-		4,885
Other		6,350		26,691
Total meger related expenses	$	219,417	$	899,606