Note 16 - Defined Contribution Retirement Plan

12 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Compensation and Employee Benefit Plans [Text Block]

Note 16: Defined Contribution Retirement Plan

The Bank offers a retirement plan qualifying under section

401

(k) of the Internal Revenue Code to its employees. The Plan covers all full-time employees with

one

year of service who have reached

18

years of age. The Bank contributes

three

percent of each participant’s eligible compensation to the Plan. The Bank

may

make elective deferrals as well, upon Board of Directors approval. During the years ended

March 31, 2018

and

2017,

the Bank recorded expense of

$174,065

and

$145,082,

respectively, related to the

401

(k) Plan.