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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Interest received $ 18,587,764 $ 16,415,596
Fees and commissions received 583,757 522,341
Interest paid (4,427,190) (4,004,880)
Cash paid to suppliers and employees (13,059,738) (11,216,410)
Origination of loans held for sale (2,017,697)
Proceeds from sale of loans held for sale 2,300,234
Income taxes paid, net of refunds received (10,835) (1,455,219)
Net cash provided by operating activities 1,673,758 543,965
Cash flows from investing activities    
Acquisition, net of cash acquired (10,508,813)
Proceeds from sale of securities available for sale 11,608,699 4,282,233
Proceeds from maturing and called securities available for sale, including principal pay downs 15,124,739 28,963,565
Proceeds from sale of certificates of deposit held for investment 1,730,273
Proceeds from maturing and called certificates of deposit 1,724,000
Purchase of investment securities available for sale (1,208,990) (50,585,898)
Redemption of Federal Home Loan Bank stock 210,800
Purchase of Federal Home Loan Bank stock (1,102,200) (405,900)
Proceeds from Bank Owned Life Insurance death benefit 2,116,138
Loans made, net of principal repayments 2,256,439 (10,461,510)
Loans purchased (54,556,249)
Purchase of premises and equipment (719,105) (273,669)
Proceeds from sale of premises and equipment 767,728 442,529
Proceeds from sale of foreclosed real estate 35,896 60,258
Net cash used by investing activities (25,676,905) (34,822,132)
Cash flows from financing activities    
Net increase (decrease) in Deposits (7,295,252) (10,529,332)
Advances by borrowers for taxes and insurance 94,555 788,316
Proceeds from borrowings 40,000,000 11,578,805
Payments of borrowings (15,027,250) (5,501,555)
Interest rate swap on FHLB borrowings 300,023 (83,634)
Issuance of restricted stock (35) 20
Redemption of restricted stock (54,400) (69,068)
Net cash provided (used) by financing activities 18,017,641 (3,816,448)
Net decrease in cash and cash equivalents (5,985,506) (38,094,615)
Cash and cash equivalents at beginning of period 29,353,921 67,448,536
Cash and cash equivalents at end of period 23,368,415 29,353,921
Supplemental disclosures of cash flow information    
Less cash acquired 15,196,058
Acquisition, net of cash acquired 10,508,813
Reconciliation of net loss to net cash provided by operating activities    
Net loss (6,048,942) (928,782)
Adjustments to reconcile net loss to net cash provided by operating activities    
Amortization of premiums on certificates of deposit 91 12,949
Amortization of premiums on securities 822,270 840,535
Gain on sale of investment securities and certificates of deposit 2,354 (23,720)
Loss on sale of foreclosed real estate 1,299 6,238
Write-down of foreclosed real estate 31,955
Loan discount accretion (225,587) (841,329)
Deposit premium amortization (417,547) (597,655)
Borrowing premium amortization (425,509) (551,125)
Core deposit intangible asset amortization 126,064 121,022
Premises and equipment depreciation and amortization 325,320 334,210
Gain on death benefit from bank-owned life insurance (834,610)
(Gain) loss on sale of premises and equipment (97,604) 5,046
Stock based compensation 460,880 444,406
Provision for loan losses 1,575,000 3,395,006
ESOP shares allocated for release 198,939 186,240
Decrease (increase) in    
Accrued interest receivable (158,302) (361,914)
Loans held for sale 259,450
Cash surrender value of life insurance (484,030) (485,399)
Income taxes refundable and deferred income taxes 8,041,203 (2,213,224)
Other assets (1,074,989) 2,565,464
Increase (decrease) in    
Accrued interest payable 2,883 15,007
Deferred loan origination fees 69,676 3,748
Other liabilities (217,056) (1,642,208)
Net cash provided by operating activities 1,673,758 543,965
Noncash investing activity    
Real estate acquired through foreclosure 23,835 126,575
Fraternity Community Bancorp, Inc. [Member]    
Supplemental disclosures of cash flow information    
Total cash consideration paid $ 25,704,871