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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Interest received $ 10,055,633 $ 9,265,972
Fees and commissions received 332,677 305,462
Interest paid (2,590,648) (2,011,560)
Cash paid to suppliers and employees (5,354,929) (5,193,587)
Origination of loans held for sale (1,280,300)
Proceeds from sale of loans held for sale 1,306,173
Net cash provided by operating activities 2,468,606 2,366,287
Cash flows from investing activities    
Proceeds from maturing and called securities available for sale, including principal pay downs 7,618,325 8,524,350
Proceeds from sale of investment securities available for sale 4,243,760
Purchase of investment securities available for sale (1,985,000) (1,208,480)
Purchase (redemption) of Federal Home Loan Bank stock 340,000 (701,200)
Loans made, net of principal repayments 14,328,852 (29,464,001)
Purchase of premises and equipment (63,665) (349,306)
Proceeds from sale of foreclosed real estate 19,641 35,896
Net cash provided (used) by investing activities 20,258,153 (18,918,981)
Cash flows from financing activities    
Net increase (decrease) in Deposits (16,517,191) (18,468,720)
Advances by borrowers for taxes and insurance (746,081) (573,435)
Proceeds from borrowings 24,000,000 25,000,000
Payments of borrowings (31,000,000) (8,004,682)
Interest rate swap on FHLB borrowings 193,845 (99,604)
Issuance of restricted stock 88
Net cash (used) provided by financing activities (24,069,339) (2,146,441)
Net increase (decrease) in cash and cash equivalents (1,342,580) (18,699,135)
Cash and cash equivalents at beginning of period 23,368,415 29,353,921
Cash and cash equivalents at end of period 22,025,835 10,654,786
Reconciliation of net income to net cash provided by operating activities    
Net income 1,543,971 803,130
Adjustments to reconcile net income to net cash provided by operating activities    
Amortization of premiums on certificates of deposit 45 45
Amortization of premiums on securities 302,178 466,542
Gain on sale of investment securities (10,381)
Loss on sale of foreclosed real estate 211 1,299
Gain on loans held for sale (25,873)
Loan discount accretion (72,593) 121,389
Deposit premium amortization (155,168) (231,196)
Borrowing premium amortization (120,244) (262,799)
Core deposit intangible asset amortization 63,032 63,032
Premises and equipment depreciation and amortization 167,001 158,784
Stock based compensation 251,118 230,422
Provision for credit losses 302,496 280,000
Decrease (increase) in    
Accrued interest receivable (37,908) (173,469)
Loans held for sale 25,873
Cash surrender value of life insurance (228,651) (246,393)
Income taxes refundable and deferred income taxes 311,926
Other assets 662,624 224,291
Increase (decrease) in    
Accrued interest payable 10,874 105,402
Deferred loan origination fees (18,600) 24,464
Other liabilities (201,780) 499,798
Net cash provided by operating activities 2,468,606 2,366,287
Noncash investing activity    
Real estate acquired through foreclosure $ 130,200 $ 17,305