Note 5 - Cash and Due From Banks

12 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Cash and Cash Equivalents Disclosure [Text Block]

Note 5: Cash and Due From Banks

Regulation D of the Federal Reserve Act requires that banks maintain reserve balances with the Federal Reserve Bank based principally on the type and amount of their deposits. During fiscal years

2018

and

2017,

the Company maintained balances at the Federal Reserve (in addition to vault cash) to meet the reserve requirements, as well as balances to partially compensate for services. Additionally, the Company maintained balances with the Federal Home Loan Bank and other domestic correspondent financial institutions as partial compensation for services they provided to the Company.      The Bank normally carries balances with other correspondent financial institutions that exceed the federally insured limit.