Note 3 - Earnings Per Share

6 Months Ended

Sep. 30, 2018

Note

Earnings per Share

Basic earnings per share is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Weighted average shares exclude unallocated ESOP shares. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity.

Both the basic and diluted earnings per share for the

three

and

six

months ended

September 30, 2018

and

2017

are summarized below:

	Three Months Ended		Three Months Ended		Six Months Ended		Six Months Ended
	September 30, 2018		September 30, 2017		September 30, 2018		September 30, 2017

Net income	$	664,538	$	410,753	$	1,543,971	$	803,130
Weighted average common shares outstanding - basic		3,209,046		3,188,895		3,209,046		3,188,895
Weighted average common shares outstanding - diluted		3,214,841		3,196,516		3,214,841		3,196,516
Income per common share - basic and diluted	$	0.21	$	0.13	$	0.48	$	0.25

Anti-dilutive shares		174,465		124,169		174,465		124,169