Note 3 - Acquisitions (Tables)

3 Months Ended

Jun. 30, 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

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]

	Three months ended June 30,
	2017		2016
Legal	$	-	$	46,419
Professional services		-		87,050
Other		-		54,682
Total merger related expenses	$	-	$	188,151