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Consolidated Statements of Operations - USD ($)
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest revenue    
Loans, including fees $ 14,834,648 $ 9,644,443
U.S. treasuries, government agencies and FHLB stock 214,441 350,718
Municipal and corporate bonds 338,916 124,863
Mortgage-backed securities 1,183,227 1,102,062
Federal funds sold and other bank deposits 190,374 96,433
Total interest revenue 16,761,606 11,318,519
Interest expense    
Deposits 2,599,901 1,742,294
Borrowed funds 271,205 101,100
Total interest expense 2,871,106 1,843,394
Net interest income 13,890,500 9,475,125
Provision for loan losses 3,395,006 440,000
Net interest income after provision for loan losses 10,495,494 9,035,125
Noninterest revenue    
Service charges 420,234 383,289
Gain on sale of investment securities and certificates of deposit 23,720 271,559
Gain on sale of loans held for sale 23,087 44,831
(Loss) gain on sale of property and equipment (5,046) 407,188
Earnings on bank-owned life insurance 485,400 349,938
Other 107,152 97,703
Total noninterest revenue 1,054,547 1,554,508
Noninterest expenses    
Salaries 5,283,578 4,073,546
Employee benefits 1,472,466 1,145,065
Occupancy 984,767 779,325
Advertising 122,093 138,791
Furniture and equipment 377,232 318,218
Data processing 777,554 585,825
Legal services 291,550 162,917
Other professional services 1,046,450 383,125
Merger related expenses 219,417 899,606
Branch consolidation expense 494,977
Deposit insurance premiums 318,132 227,112
Foreclosed real estate expense and losses 7,468 17,157
Other operating 1,841,144 1,529,871
Total noninterest expense 13,236,828 10,260,558
(Loss) income before income taxes (1,686,787) 329,075
Income tax (benefit) expense (758,005) 421,691
Net loss $ (928,782) $ (92,616)
Net loss per common share:    
Basic (in dollars per share) $ (0.29) $ (0.03)
Diluted (in dollars per share) $ (0.29) $ (0.03)