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Consolidated Statements of Operations - USD ($)
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest revenue    
Loans, including fees $ 16,088,774 $ 14,834,648
U.S. treasuries, government agencies and FHLB stock 188,600 214,441
Municipal and corporate bonds 420,737 338,916
Mortgage-backed securities 1,246,963 1,183,227
Federal funds sold and other bank deposits 134,542 190,374
Total interest revenue 18,079,616 16,761,606
Interest expense    
Deposits 2,836,925 2,599,901
Borrowed funds 750,092 271,205
Total interest expense 3,587,017 2,871,106
Net interest income 14,492,599 13,890,500
Provision for loan losses 1,575,000 3,395,006
Net interest income after provision for loan losses 12,917,599 10,495,494
Noninterest revenue    
Service charges 459,688 420,234
(Loss) gain on sale of investment securities (2,354) 23,720
Gain on sale of loans held for sale 23,087
Gain (loss) on sale of property and equipment 97,604 (5,046)
Earnings on bank-owned life insurance 484,030 485,400
Earnings on death benefit from bank-owned life insurance 834,610
Other 122,770 107,152
Total noninterest revenue 1,996,348 1,054,547
Noninterest expenses    
Salaries 5,733,065 5,283,578
Employee benefits 1,535,442 1,472,466
Occupancy 1,045,589 984,767
Advertising 86,865 122,093
Furniture and equipment 343,624 377,232
Data processing 716,458 777,554
Legal services 491,900 291,550
Other professional services 851,660 1,046,450
Merger related expenses 219,417
Branch consolidation expense 494,977
Deposit insurance premiums 324,325 318,132
Foreclosed real estate expense and losses 44,197 7,468
Other operating 1,737,727 1,841,144
Total noninterest expense 12,910,852 13,236,828
Income (loss) before income taxes 2,003,095 (1,686,787)
Income tax expense (benefit) 8,052,038 (758,005)
Net loss $ (6,048,942) $ (928,782)
Net loss per common share:    
Basic (in dollars per share) $ (1.90) $ (0.29)
Diluted (in dollars per share) $ (1.90) $ (0.29)