Note 8 - Related Party Transactions

12 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

Note 8: Related Party Transactions

The officers and directors of the Bank enter into loan transactions with the Bank in the ordinary course of business. The terms of these transactions are similar to the terms provided to other borrowers entering into similar loan transactions. All related party loans are subject to review by management and the board of directors.

Activity in these loans during the years ended

March 31, 2018

and

2017

was as follows:

	2018			2017
Balance - Beginning of year	$	345,314		$	381,948
New loans and lines of credit advances		1,600			7,500
Principal repayments		(216,960	)		(44,134	)
Balance - End of year	$	129,954		$	345,314

At

March 31, 2018

there were

no

new loans made to related parties during the fiscal year and

$6,150

of credit available under certain lines of credit. At

March 31, 2017

there were

$7,500

of new loans made to related parties during the fiscal year and

$6,150

of credit available under lines of credit. Deposits from officers and directors of the Bank totaled

$1,033,558

and

$1,122,872

at

March 31, 2018

and

2017,

respectively.