Note 20 - Condensed Financial Statements of Parent Company (Tables)

12 Months Ended

Mar. 31, 2018

Notes Tables

Condensed Balance Sheet [Table Text Block]

	March 31, 2018			March 31, 2017
Assets
Cash and due from bank	$	3,421,827		$	3,250,700
Investment securities available-for-sale		1,995,625			2,016,730
Loans and leases, net of unearned income		433,222			479,473
ESOP loan receivable		2,214,298			2,332,992
Investment in bank subsidiary		45,903,508			51,487,261
Other assets		107,652			224,074
Total Assets	$	54,076,132		$	59,791,230
Liabilities	$	-		$	-
Shareholders' Equity
Common stock		34,076			34,111
Additional paid in capital		32,113,534			31,656,235
Retained earnings		25,920,490			31,730,673
Unearned ESOP shares		(2,073,680	)		(2,221,800	)
Accumulated other comprehensive loss		(1,918,288	)		(1,407,989	)
Total Shareholders' Equity		54,076,132			59,791,230
Total Liabilities and Shareholders' Equity	$	54,076,132		$	59,791,230

Condensed Income Statement [Table Text Block]

	March 31, 2018			March 31, 2017
Interest revenue
Interest on loans, including fees	$	21,213		$	30,464
Interest on bank deposits		3,059			5,307
Interest on investments		21,967			18,932
Interest on ESOP loan		90,526			87,710
Total interest revenue		136,765			142,413
Noninterest expenses
Legal		45,466			25,232
Other professional services		-			587
Merger related expenses		-			219,417
Other operating		159,870			171,516
Total noninterest expenses		205,336			416,752
Loss before income tax benefit and equity in net loss of bank subsidiary		(68,571	)		(274,339	)
Income tax expense (benefit)		58,014			(16,013	)
Loss before equity in net loss of bank subsidiary		(126,585	)		(258,326	)
Equity in net loss of bank subsidiary		(5,922,357	)		(670,456	)
Net loss	$	(6,048,942	)	$	(928,782	)

Condensed Cash Flow Statement [Table Text Block]

	March 31, 2018			March 31, 2017
Cash flows from operating activities:
Net loss	$	(6,048,942	)	$	(928,782	)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:
Equity in undistributed net loss of subsidiary		5,922,357			670,456
Amortization of premium on investment securities		13,034			4,707
Increase (decrease) in other assets		119,768			(9,593	)
Decrease in other liabilities		-			(23,976	)
Net cash provided (used) by operating activities		6,217			(287,188	)
Cash flows from investing activities:
Acquistion, net of cash acquired		-			(22,430,749	)
Principal collected on ESOP loan		118,694			116,819
Principal repayments on loans		46,251			153,313
Proceeds from maturing and called securities available for sale, including principal pay downs		-			1,000,000
Purchase of investment securities available-for-sale		-			(2,026,900	)
Net cash provided (used) by investing activities		164,945			(23,187,517	)
Cash flows from financing activities:
Dividend from Bank subsidiary		-			24,000,000
Dividend to Bank subsidiary		-			(3,000,000	)
Issuance of restricted stock		-			20
Redemption of restricted stock		(35	)		(45	)
Net cash (used) provided by financing activities		(35	)		20,999,975
Net increase (decrease) in cash and cash equivalents		171,127			(2,474,730	)
Cash and cash equivalents at beginning of period		3,250,700			5,725,430
Cash and cash equivalents at end of period	$	3,421,827		$	3,250,700