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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Interest revenue    
Loans, including fees $ 3,848,013 $ 3,316,673
U.S. treasuries, government agencies and FHLB stock 32,684 86,574
Municipal and corporate bonds 113,969 49,026
Mortgage-backed securities 338,906 231,497
Federal funds sold and other bank deposits 54,408 66,706
Total interest revenue 4,387,980 3,750,476
Interest expense    
Deposits 660,458 611,812
Borrowed funds 134,270 42,072
Total interest expense 794,728 653,884
Net interest income 3,593,252 3,096,592
Provision for loan losses 160,000 210,000
Net interest income after provision for loan losses 3,433,252 2,886,592
Noninterest revenue    
Service charges 119,199 95,120
Gain on sale of loans held for sale 11,172
Earnings on bank-owned life insurance 122,576 112,526
Other 24,717 50,680
Total noninterest revenue 266,492 269,498
Noninterest expenses    
Salaries 1,459,998 1,382,606
Employee benefits 393,174 349,334
Occupancy 260,838 215,900
Advertising 27,028 31,351
Furniture and equipment 83,984 98,323
Data processing 164,850 185,723
Legal services 101,890 50,263
Other professional services 180,302 196,764
Merger related expenses 188,151
Branch consolidation expense 437,424
Deposit insurance premiums 57,128 77,200
Foreclosed real estate expense and losses 1,186 8,108
Other operating 422,647 487,952
Total noninterest expense 3,153,025 3,709,099
Income (loss) before income taxes 546,719 (553,009)
Income tax expense (benefit) 154,342 (217,801)
Net income (loss) $ 392,377 $ (335,208)
Net income (loss) per common share:    
Basic (in dollars per share) $ 0.12 $ (0.11)
Diluted (in dollars per share) $ 0.12 $ (0.11)