Note 3 - Earnings Per Share

9 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

3

:          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

nine

months ended

December 31, 2018

and

2017

are summarized below:

	Three Months Ended			Three Months Ended			Nine Months Ended		Nine Months Ended
	December 31, 2018			December 31, 2017			December 31, 2018		December 31, 2017
Net income	$	(124,683	)	$	(1,927,190	)	$	1,419,288	$	(1,124,060	)
Weighted average common shares outstanding - basic		3,209,207			3,189,056			3,209,100		3,188,949
Weighted average common shares outstanding - diluted		3,209,207			3,189,056			3,209,895		3,188,949
Income per common share - basic and diluted	$	(0.04	)	$	(0.60	)	$	0.44	$	(0.35	)
Anti-dilutive shares		184,060			118,525			183,265		118,525