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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Interest received $ 4,515,279 $ 3,520,057
Fees and commissions received 143,916 145,801
Interest paid (1,066,546) (742,098)
Cash paid to suppliers and employees (2,393,508) (2,422,853)
Origination of loans held for sale (675,000)
Proceeds from sale of loans held for sale 945,622
Increase in deferred tax asset (1,735,421)
Net cash provided (used) by operating activities 1,199,141 (963,892)
Cash flows from investing activities    
Acquisition, net of cash acquired (11,006,813)
Proceeds from maturing and called securities available for sale, including principal pay downs 4,126,059 7,968,235
Proceeds from maturing and called certificates of deposit 735,000
Purchase of Federal Home Loan Bank stock 185,000
Loans made, net of principal repayments (14,747,850) (1,121,745)
Purchase of premises and equipment (121,649) (75,953)
Proceeds from sale of premises and equipment 35,000
Proceeds from sale of foreclosed real estate
Net cash used by investing activities (10,743,440) (3,281,276)
Cash flows from financing activities    
Deposits (428,522) 1,643,762
Advances by borrowers for taxes and insurance 974,614 1,989,623
Proceeds from borrowings 11,550,000
Payments of borrowings (11,553,111) (2,000,000)
Interest rate swap on FHLB borrowings (126,314)
Net cash provided by financing activities 416,667 1,633,385
Net decrease in cash and cash equivalents (9,127,632) (2,611,783)
Cash and cash equivalents at beginning of period 29,353,921 67,448,536
Cash and cash equivalents at end of period 20,226,289 64,836,753
Supplemental Disclosures of Cash Flow Information:    
Less cash acquired 14,698,058
Acquisition, net of cash acquired 11,006,813
Reconciliation of net income (loss) to net cash provided (used) by operating activities    
Net income (loss) 392,377 (335,208)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities    
Amortization of premiums on certificates of deposit 23 5,162
Amortization of premiums on securities 238,628 133,622
Loan discount accretion (450) 38,352
Deposit premium amortization (125,009) (102,183)
Borrowing premium amortization (146,560) (111,647)
Core deposit intangible asset amortization 31,516 26,474
Premises and equipment depreciation and amortization 79,517 81,906
Write-down of foreclosed real estate 1,186
Stock based compensation 115,212 108,729
Provision for loan losses 160,000 210,000
Decrease (increase) in:    
Accrued interest receivable (108,369) (440,149)
Loans held for sale 259,450
Cash surrender value of life insurance (122,576) (112,525)
Income taxes refundable and deferred income taxes 154,342 (1,953,222)
Other assets 229,464 2,446,605
Increase (decrease) in:    
Accrued interest payable (249) 125,616
Deferred loan origination fees (2,533) 32,594
Other liabilities 302,622 (1,377,468)
Net cash (used) provided by operating activities 1,199,141 (963,892)
Noncash investing activity    
Real estate acquired through foreclosure 17,305
Fraternity Community Bancorp, Inc. [Member]    
Supplemental Disclosures of Cash Flow Information:    
Total cash consideration paid $ 25,704,871