Delanco Bancorp 10-Q 16 Feb 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Dec. 31, 2015	Feb. 01, 2016
Entity Registrant Name	Delanco Bancorp, Inc.
Entity Central Index Key	1,577,603
Trading Symbol	dlno
Current Fiscal Year End Date	--03-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		945,425
Document Type	10-Q
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)	Dec. 31, 2015	Mar. 31, 2015
ASSETS
Cash and amounts due from banks	$ 659,251	$ 687,488
Interest-bearing deposits	8,132,104	9,762,960
Total cash and cash equivalents	8,791,355	10,450,448
Investment securities:
Securities held-to-maturity (fair value $23,619,735 and $24,566,903 at December 31, 2015 and March 31, 2015, respectively)	23,844,795	24,617,338
Securities available-for-sale (amortized cost of $2,129,985 and $1,154,418 at December 31, 2015 and March 31, 2015, respectively)	2,110,206	1,127,515
Total investment securities	25,955,001	25,744,853
Loans, net of allowance for loan losses of $1,174,434 at December 31, 2015 and $1,185,178 at March 31, 2015	83,564,611	80,146,397
Accrued interest receivable	382,151	436,840
Premises and equipment, net	6,353,361	6,490,331
Federal Home Loan Bank, at cost	253,800	306,300
Deferred income tax, net	2,071,851	2,060,233
Bank-owned life insurance	169,252	169,252
Real estate owned	2,157,766	2,433,483
Other assets	256,437	334,613
Total assets	129,955,585	128,572,750
LIABILITIES
Non-interest bearing deposits	12,451,603	10,733,275
Interest bearing deposits	99,978,432	99,464,844
Total deposits	112,430,035	110,198,119
Advances from Federal Home Loan bank	3,000,000	4,000,000
Accrued interest payable	665	5,763
Advance payments by borrowers for taxes and insurance	407,648	320,356
Other liabilities	849,140	876,221
Total liabilities	$ 116,687,488	$ 115,400,459
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Preferred stock, $.01 par value, 5,000,000 shares authorized at December 31, 2015 and March 31, 2015, no shares issued	$ 0	$ 0
Common stock, $.01 par value, 20,000,000 shares authorized at December 31, 2015 and March 31, 2015; 945,425 shares issued and outstanding at December 31, 2015 and March 31, 2015	9,454	9,454
Additional paid-in capital	9,976,919	9,965,764
Retained earnings, substantially restricted	3,971,371	3,936,546
Unearned common stock held by employee stock ownership plan	(501,066)	(546,617)
Accumulated other comprehensive (loss)	(188,581)	(192,856)
Total stockholder’s equity	13,268,097	13,172,291
Total liabilities and stockholders’ equity	$ 129,955,585	$ 128,572,750

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Current Period Unaudited) (Parentheticals) - USD ($)	Dec. 31, 2015	Mar. 31, 2015
Securities held-to-maturity, fair value	$ 23,619,735	$ 24,566,903
Securities available-for-sale, amortized cost	2,129,985	1,154,418
Allowance for loan losses	$ 1,174,434	$ 1,185,178
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	945,425	945,425
Common stock, shares outstanding (in shares)	945,425	945,425

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
INTEREST INCOME
Loans	$ 910,027	$ 888,334	$ 2,720,113	$ 2,754,276
Investment securities	161,583	182,853	495,362	543,983
Total interest income	1,071,610	1,071,187	3,215,475	3,298,259
INTEREST EXPENSE
Interest-bearing checking accounts	10,743	10,378	29,056	30,424
Passbook and money market accounts	26,624	26,452	79,198	78,713
Certificates of deposits	101,031	106,778	300,295	330,133
Federal Home Loan Bank Advances	5,978	7,164	19,858	16,486
Total interest expense	144,376	150,772	428,407	455,756
Net interest income	$ 927,234	$ 920,415	2,787,068	2,842,503
Provision for loan losses			10,000	375,000
Net interest income after provision for loan losses	$ 927,234	$ 920,415	2,777,068	2,467,503
NON-INTEREST INCOME
Gain (loss) on sale of REO	(1,115)	(11,078)	(3,096)	(11,078)
Service charges	28,358	33,235	99,019	108,151
Rental income	15,969	26,349	83,898	78,118
Other	3,656	3,531	11,237	12,364
Total non-interest income	46,868	52,037	191,058	187,555
NON-INTEREST EXPENSE
Salaries and employee benefits	416,893	388,128	1,248,971	1,230,022
Advertising	7,894	7,239	17,535	17,749
Office supplies, telephone and postage	29,560	22,512	82,039	81,737
Loan expenses	14,276	14,775	62,140	117,586
Occupancy expense	155,811	143,768	462,220	447,284
Federal insurance premiums	$ 43,083	42,384	128,669	128,170
Real estate owned loss reserve		314,845	48,285	393,147
Data processing expenses	$ 61,894	57,084	181,257	167,816
ATM expenses	7,297	9,048	21,221	26,330
Bank charges and fees	20,890	17,251	63,641	52,113
Insurance and surety bond premiums	19,981	26,289	69,069	73,400
Dues and subscriptions	10,933	6,516	35,204	20,211
Professional fees	68,037	100,423	220,087	259,429
Real Estate Owned expense	59,836	65,627	200,333	174,879
Other	36,962	39,253	104,847	97,421
Total non-interest expense	953,347	1,255,142	2,945,518	3,287,294
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT)	20,755	(282,690)	22,608	(632,236)
Income tax expense (benefit)	8,133	(106,699)	(12,217)	(280,957)
NET INCOME (LOSS)	$ 12,622	$ (175,991)	$ 34,825	$ (351,279)
LOSS PER COMMON SHARE (in dollars per share)	$ 0.01	$ (0.19)	$ 0.04	$ (0.39)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)	9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Net Income (Loss)	$ 34,825	$ (351,279)
Other comprehensive loss net of tax:
Unrealized gain on investment securities available for sale, net of deferred tax of $1,710 and $29,827 for the nine months ended	4,275	82,813
Other comprehensive income (loss)	4,275	82,813
Total Comprehensive (Loss) Income	$ 39,100	$ (268,466)

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parentheticals) - USD ($)	9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Unrealized gain (loss) on investment securities, deferred tax (benefit)	$ 1,710	$ 29,827

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - 9 months ended Dec. 31, 2015 - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Unearned Employee Stock Ownership Plan [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Mar. 31, 2015	945,425
Balance at Mar. 31, 2015	$ 9,454	$ 9,965,764	$ 3,936,546	$ (546,617)	$ (192,856)	$ 13,172,291
Net Income (Loss)			34,825			34,825
Other comprehensive income, net of tax:					4,275	4,275
Employee stock option expense		23,631				23,631
Shares of common stock transferred to ESOP for services		(12,476)		45,551		33,075
Balance (in shares) at Dec. 31, 2015	945,425
Balance at Dec. 31, 2015	$ 9,454	$ 9,976,919	$ 3,971,371	$ (501,066)	$ (188,581)	$ 13,268,097

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash flow from operating activities
Net Income (Loss)	$ 34,825	$ (351,279)
Adjustments to reconcile net loss to net cash provided by operating activities:
ESOP amortization	33,075	24,349
Deferred income taxes	(14,468)	(291,658)
Depreciation	198,048	193,635
Discount accretion net of premium amortization	5,601	(2,374)
Provision for loan losses	$ 10,000	$ 375,000
Income from bank owned life insurance
Loss on sale of real estate owned	$ 3,096	$ 11,078
Compensation expense for stock options	23,631	23,631
(Increase) decrease in:
Accrued interest receivable	54,689	49,048
Other assets	79,426	86,959
Increase (decrease) in:
Accrued interest payable	(5,098)	(5,872)
Other liabilities	(28,331)	(33,905)
Net cash provided by operating activities	394,494	78,612
Cash flows from investing activities
Proceeds of securities available for sale	524,433	$ 21,754
Purchases of securities available for sale	(1,500,000)
Purchases of securities held-to-maturity	(4,736,250)	$ (1,500,000)
Proceeds from maturities and principal repayments of securities held-to-maturity	5,503,192	2,804,158
(Purchase) sale of investment required by law – stock in Federal Home Loan Bank	52,500	(35,000)
Proceeds from sale of real estate owned	470,718	864,532
Net (increase) decrease in loans	(3,626,310)	1,447,304
Purchases of premises and equipment	(61,078)	(58,959)
Net cash provided by(used in) investing activities	(3,372,795)	3,543,789
Cash flows from financing activities
(Decrease) increase in deposits	2,231,916	(1,603,203)
(Decrease) increase in advance payments by borrowers for taxes and insurance	87,292	(16,059)
Increase (decrease)in Federal Home Loan Bank advance	(1,000,000)	2,000,000
Net cash provided by financing activities	1,319,208	380,738
Net increase (decrease) in cash and cash equivalents	(1,659,093)	4,003,139
Cash and cash equivalents, beginning of the period	10,450,448	3,332,639
Cash and cash equivalents, end of period	8,791,355	7,335,778
Supplemental Disclosures:
Cash paid during the period for interest	443,654	445,143
Cash paid during the period for income taxes	2,500	2,000
Additions from loan foreclosures	246,382	1,827,367
Net change in unrealized gain on securities available-for-sale net of tax	$ 4,275	$ 82,813

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Basis of Accounting [Text Block]	(1) Basis of Presentation On October 16, 2013, Delanco Bancorp, Inc., a New Jersey corporation (the “Company”), became the holding company for Delanco Federal Savings Bank (the “Bank”) upon completion of the “second-step” conversion of the Bank from a mutual holding company structure to a stock holding company structure (the “Conversion”). The Conversion involved the sale by the Company of 525,423 shares of common stock in a subscription and community offering, including shares purchased by the Bank’s employee stock ownership plan, the exchange of 420,002 shares of common stock of the Company for shares of common stock of the former Delanco Bancorp, Inc. (“old Delanco Bancorp”) held by persons other than Delanco MHC (the “MHC”), and the elimination of old Delanco Bancorp and the MHC. Net proceeds received from the reorganization and stock offering totaled $3,280,000, net of costs of $923,000. The accompanying unaudited consolidated financial statements have been prepared in accordance with instructions for Form 10-Q and, therefore, do not include all disclosures necessary for a complete presentation of the financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP). However, all adjustments that are, in the opinion of management, necessary for the fair presentation of the interim financial statements have been included. Such adjustments were of a normal recurring nature. The results of operations for the three and nine month periods ended December 31, 2015 are not necessarily indicative of the results that may be expected for the entire year or any other interim period. For additional information, refer to the consolidated financial statements and footnotes thereto of the Company included in the Company’s annual report on Form 10-K for the year ended March 31, 2015.

Note 2 - Use of Estimates

Note 2 - Use of Estimates	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Use of Estimates [Text Block]	(2) Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for losses on loans and the evaluation of deferred taxes.

Note 3 - Deferred Income Taxes

Note 3 - Deferred Income Taxes	9 Months Ended
	Dec. 31, 2015
Deferred Income Taxes [Member]
Notes to Financial Statements
Income Tax Disclosure [Text Block]	(3) Deferred Income Taxes We use the asset and liability method of accounting for income taxes. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. We exercise significant judgment in evaluating the amount and timing of recognition of the resulting tax liabilities and assets. These judgments require us to make projections of future taxable income. The judgments and estimates we make in determining our deferred tax assets, which are inherently subjective, are reviewed on a continual basis as regulatory and business factors change. The calculation of deferred taxes for GAAP capital differs from the calculation of deferred taxes for regulatory capital. For regulatory capital, deferred tax assets that are dependent upon future taxable income for realization are limited to the lesser of either the amount of deferred tax assets that the institution expects to realize within one year of the calendar quarter-end date, or 10% of the Bank’s Tier I capital. As a result of this variance, our Tier I regulatory capital ratio is lower than our GAAP capital ratio by 108 basis points.
Income Tax Disclosure [Text Block]	(4) Income Taxes The Bank accounts for uncertainties in income taxes in accordance with Financial ASC Topic 740 “Accounting for Uncertainty in Income Taxes”. ASC Topic 740 prescribes a threshold and measurement process for recognizing in the financial statements a tax position taken or expected to be taken in a tax return. ASC Topic 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Bank has determined that there are no significant uncertain tax positions requiring recognition in its financial statements. Tax years 2010 through 2014 remain subject to examination by Federal and New Jersey taxing authorities. In the event the Bank is assessed for interest and/or penalties by taxing authorities, such assessed amounts will be classified in the financial statements as income tax expense .

Note 4 - Income Taxes

Note 4 - Income Taxes	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Income Tax Disclosure [Text Block]	(4) Income Taxes The Bank accounts for uncertainties in income taxes in accordance with Financial ASC Topic 740 “Accounting for Uncertainty in Income Taxes”. ASC Topic 740 prescribes a threshold and measurement process for recognizing in the financial statements a tax position taken or expected to be taken in a tax return. ASC Topic 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Bank has determined that there are no significant uncertain tax positions requiring recognition in its financial statements. Tax years 2010 through 2014 remain subject to examination by Federal and New Jersey taxing authorities. In the event the Bank is assessed for interest and/or penalties by taxing authorities, such assessed amounts will be classified in the financial statements as income tax expense .

Note 5 - Earnings Per Share

Note 5 - Earnings Per Share	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Earnings Per Share [Text Block]	(5) Earnings Per Share Basic earnings per share (“EPS”) are computed by dividing income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflect 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. The difference between the common shares issued and the common shares outstanding for the purposes of calculating basic EPS is a result of the unallocated ESOP shares. The calculated basic and dilutive EPS are as follows: Three Months Ended December 31, Nine Months Ended December 31, 2015 2014 2015 2014 Numerator $ 12,622 $ (175,991 ) $ 34,825 $ (351,279 ) Denominators: Basic shares outstanding 906,720 903,201 906,720 903,201 Effect of dilutive securities 2,222 − 2,222 − Dilutive shares outstanding 908,942 903,201 908,942 903,201 Earnings per share: Basic $ 0.01 $ (0.19 ) $ 0.04 $ (0.39 ) Dilutive $ 0.01 $ (0.19 ) $ 0.04 $ (0.39 )

Note 6 - Regulatory Agreement

Note 6 - Regulatory Agreement	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	(6) Regulatory Agreement On December 17, 2012, the Bank received a formal written agreement (the “Agreement”) with the Office of the Comptroller of the Currency (the “OCC”) dated November 21, 2012. The Agreement supersedes and terminates the Order to Cease and Desist entered into by and between the Bank and the Office of Thrift Supervision on March 17, 2010. The Agreement requires the Bank to take the following actions: ● prepare a three-year strategic plan that establishes objectives for the Bank’s overall risk profile, earnings performance, growth, balance sheet mix, liability structure, reduction in the volume of nonperforming assets, and product line development; ● prepare a capital plan that includes specific proposals related to the maintenance of adequate capital, identifies strategies to strengthen capital if necessary and includes detailed quarterly financial projections. If the OCC determines that the Bank has failed to submit an acceptable capital plan or fails to implement or adhere to its capital plan, then the OCC may require the Bank to develop a contingency capital plan detailing the Bank’s proposal to sell, merge or liquidate the Bank; ● prepare a criticized asset plan that will include strategies, targets and timeframes to reduce the Bank’s level of criticized assets; ● implement a plan to improve the Bank’s credit risk management and credit administration practices; ● implement programs and policies related to the Bank’s allowance for loan and lease losses, liquidity risk management, independent loan review and other real estate owned; ● review the capabilities of the Bank’s management to perform present and anticipated duties and to recommend and implement any changes based on such assessment; ● not pay any dividends or make any other capital distributions without the prior written approval of the OCC; ● not make any severance or indemnification payments without complying with regulatory requirements regarding such payments; and ● comply with prior regulatory notification requirements for any changes in directors or senior executive officers. We have submitted strategic and capital plans to the OCC and have developed the other plans and policies required by the written agreement. The written agreement will remain in effect until terminated, modified, or suspended in writing by the OCC. The Agreement does not require the Bank to maintain any specific minimum regulatory capital ratios. Separately, the OCC established higher individual minimum capital ratios for the Bank. Specifically, the Bank must maintain a Tier 1 capital to adjusted total assets ratio of at least 8%, a Tier 1 capital to risk-weighted assets ratio of at least 12% and a total capital to risk-weighted assets ratio of at least 13%. The Bank's ratios of Tier 1 capital to adjusted total assets, Tier 1 capital to risk-weighted assets and total capital to risk-weighted assets at December 31, 2015 were 8.74%, 15.95% and 17.23%, respectively.

Note 7 - Recent Accounting Pron

Note 7 - Recent Accounting Pronouncements	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	(7) Recent Accounting Pronouncements There was one recent amendment to an accounting pronouncements since the March 31, 2015 audited financial statements. In August 2015, the FASB issued ASU 2015-14: Revenue from Contracts with Customers – Deferral of the Effective Date. On May 28, 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers. For public business entities, the effective date was for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. In response to stakeholders’ requests to defer the effective date of the guidance in Update 2014-09 and in consideration of feedback received through extensive outreach with preparers, practitioners and users of financial statements, the Board issued proposed Accounting Standards Update, Revenue from Contracts with Customers: Deferral of the Effective Date. The amendments in this update defer the effective date of Update 2014-09 for all entities by one year. Public business entities should apply the guidance in Update 2014-09 to annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The Company intends to comply with the effective date of this update.

Note 8 - Fair Value of Financia

Note 8 - Fair Value of Financial Instruments	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Fair Value, Measurement Inputs, Disclosure [Text Block]	(8) Fair Value of Financial Instruments ASC Topic 820-10 defines fair value, establishes a framework for measuring fair value in U.S. generally accepted accounting principles, and expands disclosure requirements for fair value measurements. ASC Topic 820 does not require any new fair value measurements. The adoption of ASC Topic 820-10 did not have a material impact on the consolidated financial statements. ASC Topic 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels, as described below: ● Level 1 Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities. ● Level 2 Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable, either directly or indirectly. Level 2 inputs include quoted prices for similar assets, quoted prices in markets that are not considered to be active, and observable inputs other than quoted prices such as interest rates. ● Level 3 Level 3 inputs are unobservable inputs. Assets and liabilities measured at fair value on a recurring basis are summarized below (dollars in thousands): Fair Value Measurements at Reporting Date Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Other Unobservable Inputs (Level 3) December 31, 2015 Available-for-sale securities $ 2,110 $ − $ − March 31, 2015 Available-for-sale securities $ 1,127 $ − $ − Assets and Liabilities on a Non-Recurring Basis Assets and liabilities measured at fair value on a non-recurring basis at December 31, 2015 and March 31, 2015 are as follows (dollars in thousands): Fair Value Measurements at Reporting Date Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Other Unobservable Inputs (Level 3) December 31, 2015 Impaired loans $ − $ − $ 4,725 Real estate owned − − 2,158 Total $ − $ − $ 6,883 March 31, 2015 Impaired loans $ − $ − $ 4,522 Real estate owned − − 2,433 Total $ − $ − $ 6,955 The fair value of impaired loans and real estate owned is generally based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. A financial instrument’s level within the fair value hierarchy is based upon the lowest level of any input significant to the fair value measurement. As required by ASC Topic 825-10-65, the estimated fair value of financial instruments at December 31, 2015 and March 31, 2015 was as follows: December 31, 2015 Carrying Amount Level 1 Level 2 Level 3 (Dollars in Thousands) Financial Assets: Cash and cash equivalents $ 8,791 $ 8,791 − − Investment securities 25,975 − 25,730 − Loans – net 83,565 − − 82,967 FHLB stock 254 254 − − Accrued interest receivable 382 382 − − Bank–owned life insurance 169 169 − − Total financial assets 119,136 9,596 25,730 82,967 Financial Liabilities: Deposits 112,430 12,452 99,997 − Advance payments by borrowers for taxes and insurance 408 408 − − Advances Federal Home Loan Bank 3,000 3,000 − − Accrued interest payable 1 1 − − Total financial liabilities 115,839 15,861 99,997 − March 31, 2015 Carrying Amount Level 1 Level 2 Level 3 (Dollars in Thousands) Financial Assets: Cash and cash equivalents $ 10,450 $ 10,450 $ − $ − Investment securities 25,772 − 25,694 − Loans – net 80,146 − − 79,675 FHLB stock 306 306 − − Accrued interest receivable 437 437 − − Bank-owned life insurance 169 169 − − Total financial assets $ 117,280 $ 11,362 $ 25,694 $ 79,675 Financial Liabilities: Deposits $ 110,198 $ 10,733 $ 99,411 $ − Advances from Federal Home Loan Bank 4,000 4,000 − − Advance payments by borrowers for taxes and insurance 320 320 − − Accrued interest payable 6 6 − − Total financial liabilities $ 114,524 $ 15,059 $ 99,411 $ − Off-balance sheet instruments Off-balance sheet instruments are primarily comprised of loan commitments and unfunded lines of credit which are generally priced at market rate at the time of funding. Therefore, these instruments have nominal value prior to funding. December 31, 2015 March 31, 2015 Contract Value Estimated Fair Value Contract Value Estimated Fair Value Off-balance sheet instruments Commitments to extend credit $ 5,989 − $ 8,840 $ −

Note 9 - Loans

Note 9 - Loans	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	(9) Loans The Bank monitors and assesses the credit risk of its loan portfolio using the classes set forth below. These classes also represent the segments by which the Bank monitors the performance of its loan portfolio and estimates its allowance for loan losses. Residential real estate loans consist of loans secured by one to four family residences located in the Bank’s market area. The Bank has originated one to four family residential mortgage loans in amounts up to 80% of the lesser of the appraised value or selling price of the mortgaged property without requiring mortgage insurance. A mortgage loan originated by the Bank, for owner occupied property, whether fixed rate or adjustable rate, can have a term of up to 30 years. Non-owner occupied property, whether fixed rate or adjustable rate, can have a term of up to 30 years. Adjustable rate loan terms limit the periodic interest rate adjustment and the minimum and maximum rates that may be charged over the term of the loan based on the type of loan. Commercial real estate loans are generally originated in amounts up to the lower of 80% of the appraised value or cost of the property and are secured by improved property such as multi-family dwelling units, office buildings, retail stores, warehouses, church buildings and other non-residential buildings, most of which are located in the Bank’s market area. Commercial real estate loans are generally made with fixed interest rates which mature or re-price in 5 to 7 years with principal amortization of up to 25 years. Commercial loans include short and long-term business loans and commercial lines of credit for the purposes of providing working capital, supporting accounts receivable, purchasing inventory and acquiring fixed assets. The loans generally are secured by these types of assets as collateral and/or by personal guarantees provided by principals of the borrowers. Construction loans will be made only if there is a permanent mortgage commitment in place. Interest rates on commercial construction loans are typically in line with normal commercial mortgage loan rates, while interest rates on residential construction loans are slightly higher than normal residential mortgage loan rates. These loans usually are adjustable rate loans and generally have terms of up to one year. Consumer loans include installment loans and home equity loans, secured by first or second mortgages on homes owned or being purchased by the loan applicant. Home equity term loans and credit lines are credit accommodations secured by either a first or second mortgage on the borrower’s residential property. Interest rates charged on home equity term loans are generally fixed; interest on credit lines is usually a floating rate related to the prime rate. The Bank generally requires a loan to value ratio of less than or equal to 80% of the appraised value, including any outstanding prior mortgage balance. Loans at December 31, 2015 and March 31, 2015 are summarized as follows (dollars in thousands): December 31, 2015 March 31, 2015 Residential (one-to four-family) real estate $ 65,549 $ 62,789 Multi-family and commercial real estate 9,672 7,979 Commercial 2,186 1,913 Home equity 6,680 8,006 Consumer 672 678 Construction 55 56 Total loans 84,814 81,421 Net deferred loan origination fees (75 ) (90 ) Allowance for loan losses (1,174 ) (1,185 ) Loans, net 83,565 $ 80,146 The Bank is subject to a loans-to-one-borrower limitation of 15% of capital funds. At December 31, 2015, the loans-to-one-borrower limitation was $1.8 million; this excluded an additional 10% of adjusted capital funds or approximately $1.2 million, which may be loaned if collateralized by readily marketable securities. At December 31, 2015, there were no loans outstanding or committed to any one borrower, which individually or in the aggregate exceeded the Bank’s loans to-one-borrower limitations of 15% of capital funds. A summary of the Bank’s credit quality indicators is as follows: Pass – A credit which is assigned a rating of Pass shall exhibit some or all of the following characteristics: a. Loans that present an acceptable degree of risk associated with the financing being considered as measured against earnings and balance sheet trends, industry averages, etc. Actual and projected indicators and market conditions provide satisfactory evidence that the credit will perform as agreed. b. Loans to borrowers that display acceptable financial conditions and operating results. Debt service capacity is demonstrated and future prospects are considered good. c. Loans to borrowers where a comfort level is achieved by the strength of the cash flows from the business or project and the strength and quantity of the collateral or security position (i.e.; receivables, inventory and other readily marketable securities) as supported by a current valuation and/or the strong capabilities of a guarantor. Special Mention – Loans on which the credit risk requires more than ordinary attention by the Loan Officer. This may be the result of some erosion in the borrower’s financial condition, the economics of the industry, the capability of management, or changes in the original transaction. Loans which are currently sound yet exhibit potentially unacceptable credit risk or deteriorating long term prospects, will receive this classification. Loans which deviate from loan policy or regulations will not generally be classified in this category, but will be separately reported as an area of concern. Classified – Classified loans include those considered by the Bank to be substandard, doubtful or loss. An asset is considered “substandard” if it involves more than an acceptable level of risk due to a deteriorating financial condition, unfavorable history of the borrower, inadequate payment capacity, insufficient security or other negative factors within the industry, market or management. Substandard loans have clearly defined weaknesses which can jeopardize the timely payment of the loan. Assets classified as “doubtful” exhibit all of the weaknesses defined under the substandard category but with enough risk to present a high probability of some principal loss on the loan, although not yet fully ascertainable in amount. Assets classified as “loss” are those considered uncollectible or of little value, even though a collection effort may continue after the classification and potential charge-off. Non-Performing Loans Non-performing loans consist of non-accrual loans (loans on which the accrual of interest has ceased), loans over ninety days delinquent and still accruing interest, renegotiated loans and impaired loans. Loans are generally placed on non-accrual status if, in the opinion of management, collection is doubtful, or when principal or interest is past due 90 days or more, unless the collateral is considered sufficient to cover principal and interest and the loan is in the process of collection. The Bank continues to work with its borrowers where possible and is pursuing legal action where the ability to work with the borrower does not exist. As of December 31, 2015, the Bank has entered into formal forbearance agreements with four relationships totaling $586 thousand The following table represents loans by credit quality indicator at December 31, 2015 (dollars in thousands): Pass Special Mention Loans Classified Loans Non- Performing Loans Total Residential real estate $ 62,737 $ − $ − $ 2,812 $ 65,549 Multi-family and commercial real estate 7,338 886 127 1,321 9,672 Commercial 1,967 76 143 − 2,186 Home equity 6,646 − − 34 6,680 Consumer 672 − − − 672 Construction − − − 55 55 $ 79,360 $ 962 $ 270 $ 4,222 $ 84,814 The following table represents past-due loans as of December 31, 2015 (dollars in thousands): 30-59 Days Past Due 60- 89 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total Loan Balances Residential real estate $ 696 $ 880 $ 1,860 $ 3,436 $ 62,113 $ 65,549 Multi-family and commercial real estate 290 − 554 844 8,828 9,672 Commercial 98 − − 98 2,088 2,186 Home Equity 25 93 34 152 6,528 6,680 Consumer 16 − − 16 656 672 Construction − − − − 55 55 Total Loans $ 1,125 $ 973 $ 2,448 $ 4,546 $ 80,268 $ 84,814 Percentage of Total Loans 1.32 % 1.15 % 2.89 % 5.36 % 94.64 % 100.0 % Impaired loans are measured based on the present value of expected future discounted cash flows, the fair value of the loan or the fair value of the underlying collateral if the loan is collateral dependent. The recognition of interest income on impaired loans is the same for non-accrual loans discussed above. At December 31, 2015, the Bank had 15 loan relationships totaling $2.4 million in non-accrual loans as compared to 17 relationships totaling $2.3 million at March 31, 2015. The average balance of impaired loans totaled $5.0 million for the nine months ended December 31, 2015 as compared to $4.7 million for the year ended March 31, 2015, and interest income recorded on impaired loans for the nine months ended December 31, 2015 totaled $144 thousand as compared to $201 thousand for the year ended March 31, 2015. The following table represents data on impaired loans at December 31, 2015 and March 31, 2015 (dollars in thousands): December 31, 2015 March 31, 2015 Impaired loans for which a valuation allowance has been provided $ − $ — Impaired loans for which no valuation allowance has been provided 5,077 4,522 Total loans determined to be impaired 5,077 4,522 Allowance for loans losses related to impaired loans − — Average recorded investment in impaired loans 5,036 4,707 Cash basis interest income recognized on impaired loans 144 201 The following table presents impaired loans by portfolio class at December 31, 2015 (dollars in thousands): Recorded Investment Unpaid Principal Balance Related Valuation Allowance Average Recorded Investment Interest Income Recognized While On Impaired Status Impaired loans with no valuation allowance: Residential real estate $ 3,071 $ 3,027 $ − $ 2,897 $ 44 Multi-family and commercial real estate 1,930 1,927 − 1,991 84 Commercial 34 34 − 16 13 Home equity 34 34 − 36 1 Consumer − − − 57 − Construction 60 55 − 39 2 Total $ 5,129 $ 5,077 $ − $ 5,036 $ 144 The following table presents impaired loans by portfolio class at March 31, 2015 (dollars in thousands): Recorded Investment Unpaid Principal Balance Related Valuation Allowance Average Recorded Investment Interest Income Recognized While On Impaired Statues Impaired loans with no valuation allowance: Residential real estate $ 2,600 $ 2,536 $ − $ 2,743 $ 65 Multi-family and commercial real estate 1,860 1,813 − 1,727 130 Commercial 35 35 − 31 1 Home equity 11 11 − 130 − Consumer 71 71 − 18 2 Construction 56 56 − 58 3 Total $ 4,633 $ 4,522 $ − $ 4,707 $ 201 The following table represents nonaccrual loans as of December 31, 2015 and March 31, 2015 (dollars in thousands): December 31, 2015 March 31, 2015 Non-accrual loans: Residential real estate $ 1,450 $ 880 Multi-family and commercial real estate 554 662 Commercial − − Consumer − 71 Home Equity 34 11 Construction − − Total non-accrual loans 2,038 1,624 Accruing loans past due 90 days or more: Residential real estate $ − $ − Multi-family and commercial real estate − − Commercial − − Consumer − − Home Equity − − Construction − − Total accruing loans past due 90 days or more − − Troubled Debt Restructurings: In non-accrual status: Residential real estate $ 410 $ 484 Multi-family and commercial real estate − 229 Commercial − − Consumer − − Home Equity − − Construction − − Total troubled debt restructurings in non-accrual status 410 713 Performing under modified terms: Residential real estate 952 696 Multi-family and commercial real estate 767 773 Commercial − Consumer − Home Equity − Construction 55 56 Total troubled debt restructurings performing under modified terms: 1,774 1,525 Total troubled debt restructurings 2,184 2,238 Total non-performing loans 4,222 3,862 Real estate owned 2,158 2,433 Total non-performing assets 6,380 6,295 Non-performing loans as a percentage of loans 4.98 % 4.74 % Non-performing assets as a percentage of loans and real estate owned 7.34 % 7.51 % Non-performing assets as percentage of total assets 4.91 % 4.90 % During the nine months ended December 31, 2015, the Bank experienced a $111 thousand net increase in non-accrual loans. This change reflects the downgrading of four loan relationships to non-accrual status totaling $778 thousand during the nine months ended December 31, 2015. The downgraded loans consisted of two residential mortgages totaling $632 thousand, one commercial loan relationship consisting of one loan totaling $112 thousand and one home equity loan totaling $34 thousand. These additions to the non-accruals were offset by one commercial loan for $229 thousand that returned to accruing status; one commercial loan for $118 thousand and one residential mortgage in the amount of $61 thousand that were paid in full; two consumer lines of credit totaling $82 thousand that were charged off; one residential mortgage totaling $75 thousand and one commercial real estate loan totaling $100 thousand that were transferred to real estate owned. The following table presents troubled debt restructurings that occurred during the periods ended December 31, 2015 and March 31, 2015 and loans modified as troubled debt restructurings within the previous 9 and 12 month periods and for which there was a payment default during the period. December 31, 2015 March 31, 2015 Outstanding Recorded Outstanding Recorded Number of Pre- Modification Post- Number of Pre- Modification Post- Troubled debt restructurings: Residential real estate − $ − $ − 1 $ 96 $ 111 Number of Recorded Investment Number of Recorded Investment Troubled debt restructurings that subsequently defaulted: Residential real estate − $ − - $ - The following table presents the changes in real estate owned (REO), net of valuation allowance, for the periods ended December 31, 2015 and March 31, 2015: December 31, 2015 March 31, 2015 Balance, beginning of period $ 2,433 $ 1,950 Additions from loan foreclosures 247 2,333 Additions from capitalized costs − − Dispositions of REO (995 ) (1,592 ) Gain (loss) on sale of REO (2 ) (82 ) Valuation adjustments in the period 475 (176 ) Balance, end of period $ 2,158 $ 2,433 The following table presents the changes in fair value adjustments to REO for the periods ended December 31, 2015 and March 31, 2015: December 31, 2015 March 31, 2015 Balance, beginning of period $ 851 $ 676 Valuation adjustments added in the period 48 642 Valuation adjustments on disposed properties during the period (523 ) (467 ) Balance, end of period $ 376 $ 851 The following table sets forth with respect to the Bank’s allowance for losses on loans (dollars in thousands): December 31, 2015 March 31, 2015 Balance at beginning of period $ 1,185 $ 1,448 Provision: Commercial (8 ) 45 Commercial real estate (7 ) 176 Residential real estate (39 ) 177 Home Equity (1 ) 21 Consumer 65 (25 ) Construction − (4 ) Total provision 10 390 Charge-offs: Commercial − 19 Commercial real estate − 598 Residential real estate 40 142 Home equity 11 − Consumer 71 4 Recoveries (101 ) (110 ) Total Net Charge-Offs $ 21 $ 653 Balance at end of period $ 1,174 $ 1,185 Period-end loans outstanding $ 84,814 $ 81,421 Average loans outstanding $ 85,627 $ 83,253 Allowance as a percentage of period-end loans 1.38 % 1.46 % Net charge-offs as a percentage of average loans 0.02 % 0.78 % Additional details for changes in the allowance for loan by loan portfolio as of December 31, 2015 are as follows (dollars in thousands): Allowance for Loan Losses Commercial Commercial Real Estate Residential Real Estate Home Equity Consumer Construction Total Balance, beginning of year $ 86 $ 289 $ 702 $ 87 $ 21 $ − $ 1,185 Loan charge-offs − − (40 ) (11 ) (71 ) − (122 ) Recoveries 4 44 35 − 18 − 101 Provision for loan losses (8 ) (7 ) (39 ) (1 ) 65 − 10 Balance, end of period $ 82 $ 326 $ 658 $ 75 $ 33 $ − $ 1,174 Ending balance for loans individually evaluated for impairment $ 133 $ 1,640 $ 2,863 $ 34 $ − $ 55 $ 4,725 Ending balance for loans collectively evaluated for impairment 2,053 8,032 62,686 6,646 672 − $ 80,089 Loans receivable: Ending balance $ 2,186 $ 9,672 $ 65,549 $ 6,680 $ 672 $ 55 $ 84,814 Ending balance: loans individually evaluated for impairment $ 133 $ 1,640 $ 2,863 $ 34 $ − $ 55 $ 4,725 Ending balance: loans collectively evaluated for impairment 2,053 8,032 62,686 6,646 672 − $ 80,089 The Bank prepares an allowance for loan loss model on a quarterly basis to determine the adequacy of the allowance. Management considers a variety of factors when establishing the allowance, such as the impact of current economic conditions, diversification of the loan portfolio, delinquency statistics, results of independent loan review and related classifications. The Bank’s historic loss rates and the loss rates of peer financial institutions are also considered. On a monthly basis, the loan committee meets to review each problem loan and determine if there has been any change in collateral value due to changes in market conditions. Each quarter, when calculating the allowance for loan loss, the loan committee reviews an updated loan impairment analysis on each problem loan to determine if a specific provision for loan loss is warranted. Management reviews the most recent appraisal on each loan adjusted for holding and selling costs. In the event there is not a recent appraisal on file, the Bank will use the aged appraisal and apply a discount factor to the appraisal and then adjust the holding and selling costs from the discounted appraisal value. In evaluating the Bank’s allowance for loan loss, the Bank maintains a loan committee consisting of senior management and the Board of Directors that monitors problem loans and formulates collection efforts and resolution plans for each borrower. For the nine months ending December 31, 2015, the Bank experienced two full At December 31, 2015, the Bank maintained an allowance for loan loss ratio of 1.38% to loans outstanding. Non-performing assets have increased by $84 thousand over their stated levels at March 31, 2015, representing a non-performing asset to total asset ratio of 4.91% at December 31, 2015 as compared to a non-performing asset to total asset ratio of 4.90% at March 31, 2015. The Bank’s charge-off policy states that any asset classified loss shall be charged-off within thirty days of such classification unless the asset has already been eliminated from the books by collection or other appropriate entry. On a quarterly basis, the loan committee will review past due, classified, non-performing and other loans, as it deems appropriate, to determine the collectability of such loans. If the loan committee determines a loan to be uncollectable, the loan shall be charged to the allowance for loan loss. In addition, upon reviewing the collectability, the loan committee may determine a portion of the loan to be uncollectable; in which case that portion of the loan deemed uncollectable will be partially charged-off against the allowance for loan loss.

Note 10 - Investment Securities

Note 10 - Investment Securities	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	(10) Investment Securities Investment securities have been classified according to management’s intent. The amortized cost of securities and their approximate fair values as of December 31, 2015 and March 31, 2015 are as follows: Held-to-Maturity December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in Thousands) Federal Farm Credit Bank Bond $ 8,933 $ − $ (100 ) $ 8,833 Federal Home Loan Bank Bonds 6,264 12 (90 ) 6,186 Federal Home Loan Mortgage Corporation Bonds 1,000 − (25 ) 975 Federal National Mortgage Association 5,999 2 (81 ) 5,920 Municipal Bond 736 − (1 ) 735 22,932 14 (297 ) 22,649 Mortgage-Backed Securities: Federal Home Loan Mortgage Corporation 342 17 − 359 Federal National Mortgage Association 410 37 − 447 Government National Mortgage Corporation 161 4 − 165 913 58 − 971 Total $ 23,845 $ 72 $ (297 ) $ 23,620 Held-to-Maturity March 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in Thousands) Federal Home Loan Bank Bonds $ 7,569 $ 25 $ (62 ) $ 7,532 Federal Farm Credit Bonds 6,437 − (55 ) 6,382 Federal Home Loan Mortgage Corporation Bonds 1,997 2 (20 ) 1,979 Federal National Mortgage Association Bond 6,999 16 (46 ) 6,969 Municipal Bond 470 2 − 472 23,472 45 (183 ) 23,334 Mortgage-backed securities: Federal Home Loan Mortgage Corporation 454 33 − 487 Federal National Mortgage Association 495 49 − 544 Government National Mortgage Corporation 196 6 − 202 1,145 88 − 1,233 Total $ 24,617 $ 133 $ (183 ) $ 24,567 Available for Sale December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Certificates of Deposit $ 1,500 $ 5 $ (2 ) $ 1,503 Federal National Mortgage Association Bond 500 − (20 ) 480 Mutual Fund Shares 130 − (3 ) 127 $ 2,130 $ 5 $ (25 ) $ 2,110 Available for Sale March 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Federal Home Loan Bank Bonds $ 500 $ − $ (10 ) $ 490 Federal National Mortgage Association Bond 500 − (17 ) 483 Mutual Fund Shares 154 1 − 155 Total $ 1,154 $ 1 $ (27 ) $ 1,128 The following is a summary of maturities of securities held-to-maturity and available-for-sale as of December 31, 2015 and March 31, 2015: December 31, 2015 Held to Maturity Available for Sale (Dollars in Thousands) Amortized Cost Fair Value Amortized Cost Fair Value Amounts maturing in: One year or less $ 1,237 $ 1,237 $ − $ − After one year through five years 945 936 1,000 1,005 After five years through ten years 10,421 10,298 500 498 After ten years 11,242 11,149 500 480 Equity securities − − 130 127 $ 23,845 $ 23,620 $ 2,130 $ 2,110 March 31, 2015 Held to Maturity Available for Sale (Dollars in Thousands) Amortized Cost Fair Value Amortized Cost Fair Value Amounts maturing in: One year or less $ 971 $ 980 $ − $ − After one year through five years 1,000 999 − − After five years through ten years 8,911 8,839 − − After ten years 13,735 13,749 1,000 973 Equity securities − − 154 155 $ 24,617 $ 24,567 $ 1,154 $ 1,128 The amortized cost and fair value of mortgage-backed securities are presented in the held-to-maturity category by contractual maturity in the preceding table. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations without call or prepayment penalties. Information pertaining to securities with gross unrealized losses at December 31, 2015 and March 31, 2015, aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows: December 31, 2015 Less Than 12 Months 12 Months or Greater Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (Dollars in Thousands) Certificate of Deposit $ 248 $ (2 ) $ − $ − $ 248 $ (2 ) Federal Home Loan Bank Bonds 3,552 (32 ) 1,942 (58 ) $ 5,494 (90 ) Federal Farm Credit Bonds 6,645 (44 ) 2,388 (56 ) 9,033 (100 ) Federal Home Loan Mortgage Corporation Bonds 487 (13 ) 488 (12 ) 975 (25 ) Federal National Mortgage Association 3,954 (46 ) 1,943 (57 ) 5,897 (103 ) Municipal Bond 735 (1 ) − − 735 (1 ) Mutual Fund Shares 127 (3 ) − − 127 (3 ) Total $ 15,748 $ (141 ) $ 6,761 $ (183 ) $ 22,509 $ (324 ) March 31, 2015 Less Than 12 Months 12 Months or Greater Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (Dollars in Thousands) Federal Home Loan Bank Bonds $ 2,457 $ (20 ) $ 2,451 $ (52 ) $ 4,907 $ (72 ) Federal Farm Credit Bonds 2,478 (14 ) 2,903 (42 ) 5,382 (55 ) Federal Home Loan Mortgage Corporation Bonds 988 (12 ) 492 (8 ) 1,480 (20 ) Federal National Mortgage Association 1,493 (7 ) 2,442 (57 ) 3,936 (64 ) Mutual funds shares − − − − − − 7,416 (53 ) 8,288 (159 ) 15,705 (211 ) Mortgage-Backed Securities: Government National Mortgage Corporation − − − − − − Total $ 7,416 $ (53 ) $ 8,288 $ (159 ) $ 15,705 $ (211 ) Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Bank to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. At December 31, 2015, the 45 debt securities with unrealized losses have depreciated 1.4% from the Bank’s amortized cost basis. These unrealized losses relate principally to current interest rates for similar types of securities. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government, its agencies, or other governments, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer’s financial condition. As management has the ability to hold debt securities until maturity, or for the foreseeable future if classified as available-for-sale, no declines are deemed to be other-than-temporary.

Note 5 - Earnings Per Share (Ta

Note 5 - Earnings Per Share (Tables)	9 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended December 31, Nine Months Ended December 31, 2015 2014 2015 2014 Numerator $ 12,622 $ (175,991 ) $ 34,825 $ (351,279 ) Denominators: Basic shares outstanding 906,720 903,201 906,720 903,201 Effect of dilutive securities 2,222 − 2,222 − Dilutive shares outstanding 908,942 903,201 908,942 903,201 Earnings per share: Basic $ 0.01 $ (0.19 ) $ 0.04 $ (0.39 ) Dilutive $ 0.01 $ (0.19 ) $ 0.04 $ (0.39 )

Note 8 - Fair Value of Financ20

Note 8 - Fair Value of Financial Instruments (Tables)	9 Months Ended
	Dec. 31, 2015
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Fair Value Measurements at Reporting Date Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Other Unobservable Inputs (Level 3) December 31, 2015 Available-for-sale securities $ 2,110 $ − $ − March 31, 2015 Available-for-sale securities $ 1,127 $ − $ −
Fair Value Measurements, Nonrecurring [Table Text Block]	Fair Value Measurements at Reporting Date Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Other Unobservable Inputs (Level 3) December 31, 2015 Impaired loans $ − $ − $ 4,725 Real estate owned − − 2,158 Total $ − $ − $ 6,883 March 31, 2015 Impaired loans $ − $ − $ 4,522 Real estate owned − − 2,433 Total $ − $ − $ 6,955
Fair Value, by Balance Sheet Grouping [Table Text Block]	December 31, 2015 Carrying Amount Level 1 Level 2 Level 3 (Dollars in Thousands) Financial Assets: Cash and cash equivalents $ 8,791 $ 8,791 − − Investment securities 25,975 − 25,730 − Loans – net 83,565 − − 82,967 FHLB stock 254 254 − − Accrued interest receivable 382 382 − − Bank–owned life insurance 169 169 − − Total financial assets 119,136 9,596 25,730 82,967 Financial Liabilities: Deposits 112,430 12,452 99,997 − Advance payments by borrowers for taxes and insurance 408 408 − − Advances Federal Home Loan Bank 3,000 3,000 − − Accrued interest payable 1 1 − − Total financial liabilities 115,839 15,861 99,997 − March 31, 2015 Carrying Amount Level 1 Level 2 Level 3 (Dollars in Thousands) Financial Assets: Cash and cash equivalents $ 10,450 $ 10,450 $ − $ − Investment securities 25,772 − 25,694 − Loans – net 80,146 − − 79,675 FHLB stock 306 306 − − Accrued interest receivable 437 437 − − Bank-owned life insurance 169 169 − − Total financial assets $ 117,280 $ 11,362 $ 25,694 $ 79,675 Financial Liabilities: Deposits $ 110,198 $ 10,733 $ 99,411 $ − Advances from Federal Home Loan Bank 4,000 4,000 − − Advance payments by borrowers for taxes and insurance 320 320 − − Accrued interest payable 6 6 − − Total financial liabilities $ 114,524 $ 15,059 $ 99,411 $ −
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]	December 31, 2015 March 31, 2015 Contract Value Estimated Fair Value Contract Value Estimated Fair Value Off-balance sheet instruments Commitments to extend credit $ 5,989 − $ 8,840 $ −

Note 9 - Loans (Tables)

Note 9 - Loans (Tables)	9 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, 2015 March 31, 2015 Residential (one-to four-family) real estate $ 65,549 $ 62,789 Multi-family and commercial real estate 9,672 7,979 Commercial 2,186 1,913 Home equity 6,680 8,006 Consumer 672 678 Construction 55 56 Total loans 84,814 81,421 Net deferred loan origination fees (75 ) (90 ) Allowance for loan losses (1,174 ) (1,185 ) Loans, net 83,565 $ 80,146
Financing Receivable Credit Quality Indicators [Table Text Block]	Pass Special Mention Loans Classified Loans Non- Performing Loans Total Residential real estate $ 62,737 $ − $ − $ 2,812 $ 65,549 Multi-family and commercial real estate 7,338 886 127 1,321 9,672 Commercial 1,967 76 143 − 2,186 Home equity 6,646 − − 34 6,680 Consumer 672 − − − 672 Construction − − − 55 55 $ 79,360 $ 962 $ 270 $ 4,222 $ 84,814
Past Due Financing Receivables [Table Text Block]	30-59 Days Past Due 60- 89 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total Loan Balances Residential real estate $ 696 $ 880 $ 1,860 $ 3,436 $ 62,113 $ 65,549 Multi-family and commercial real estate 290 − 554 844 8,828 9,672 Commercial 98 − − 98 2,088 2,186 Home Equity 25 93 34 152 6,528 6,680 Consumer 16 − − 16 656 672 Construction − − − − 55 55 Total Loans $ 1,125 $ 973 $ 2,448 $ 4,546 $ 80,268 $ 84,814 Percentage of Total Loans 1.32 % 1.15 % 2.89 % 5.36 % 94.64 % 100.0 %
Impaired Financing Receivables [Table Text Block]	December 31, 2015 March 31, 2015 Impaired loans for which a valuation allowance has been provided $ − $ — Impaired loans for which no valuation allowance has been provided 5,077 4,522 Total loans determined to be impaired 5,077 4,522 Allowance for loans losses related to impaired loans − — Average recorded investment in impaired loans 5,036 4,707 Cash basis interest income recognized on impaired loans 144 201
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]	Recorded Investment Unpaid Principal Balance Related Valuation Allowance Average Recorded Investment Interest Income Recognized While On Impaired Status Impaired loans with no valuation allowance: Residential real estate $ 3,071 $ 3,027 $ − $ 2,897 $ 44 Multi-family and commercial real estate 1,930 1,927 − 1,991 84 Commercial 34 34 − 16 13 Home equity 34 34 − 36 1 Consumer − − − 57 − Construction 60 55 − 39 2 Total $ 5,129 $ 5,077 $ − $ 5,036 $ 144 Recorded Investment Unpaid Principal Balance Related Valuation Allowance Average Recorded Investment Interest Income Recognized While On Impaired Statues Impaired loans with no valuation allowance: Residential real estate $ 2,600 $ 2,536 $ − $ 2,743 $ 65 Multi-family and commercial real estate 1,860 1,813 − 1,727 130 Commercial 35 35 − 31 1 Home equity 11 11 − 130 − Consumer 71 71 − 18 2 Construction 56 56 − 58 3 Total $ 4,633 $ 4,522 $ − $ 4,707 $ 201
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	December 31, 2015 March 31, 2015 Non-accrual loans: Residential real estate $ 1,450 $ 880 Multi-family and commercial real estate 554 662 Commercial − − Consumer − 71 Home Equity 34 11 Construction − − Total non-accrual loans 2,038 1,624 Accruing loans past due 90 days or more: Residential real estate $ − $ − Multi-family and commercial real estate − − Commercial − − Consumer − − Home Equity − − Construction − − Total accruing loans past due 90 days or more − − Troubled Debt Restructurings: In non-accrual status: Residential real estate $ 410 $ 484 Multi-family and commercial real estate − 229 Commercial − − Consumer − − Home Equity − − Construction − − Total troubled debt restructurings in non-accrual status 410 713 Performing under modified terms: Residential real estate 952 696 Multi-family and commercial real estate 767 773 Commercial − Consumer − Home Equity − Construction 55 56 Total troubled debt restructurings performing under modified terms: 1,774 1,525 Total troubled debt restructurings 2,184 2,238 Total non-performing loans 4,222 3,862 Real estate owned 2,158 2,433 Total non-performing assets 6,380 6,295 Non-performing loans as a percentage of loans 4.98 % 4.74 % Non-performing assets as a percentage of loans and real estate owned 7.34 % 7.51 % Non-performing assets as percentage of total assets 4.91 % 4.90 %
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	December 31, 2015 March 31, 2015 Outstanding Recorded Outstanding Recorded Number of Pre- Modification Post- Number of Pre- Modification Post- Troubled debt restructurings: Residential real estate − $ − $ − 1 $ 96 $ 111
Schedule of Debtor Troubled Debt Restructuring, Subsequent Periods [Table Text Block]	Number of Recorded Investment Number of Recorded Investment Troubled debt restructurings that subsequently defaulted: Residential real estate − $ − - $ -
Real Estate Owned [Table Text Block]	December 31, 2015 March 31, 2015 Balance, beginning of period $ 2,433 $ 1,950 Additions from loan foreclosures 247 2,333 Additions from capitalized costs − − Dispositions of REO (995 ) (1,592 ) Gain (loss) on sale of REO (2 ) (82 ) Valuation adjustments in the period 475 (176 ) Balance, end of period $ 2,158 $ 2,433 December 31, 2015 March 31, 2015 Balance, beginning of period $ 851 $ 676 Valuation adjustments added in the period 48 642 Valuation adjustments on disposed properties during the period (523 ) (467 ) Balance, end of period $ 376 $ 851
Schedule of Charge-offs [Table Text Block]	December 31, 2015 March 31, 2015 Balance at beginning of period $ 1,185 $ 1,448 Provision: Commercial (8 ) 45 Commercial real estate (7 ) 176 Residential real estate (39 ) 177 Home Equity (1 ) 21 Consumer 65 (25 ) Construction − (4 ) Total provision 10 390 Charge-offs: Commercial − 19 Commercial real estate − 598 Residential real estate 40 142 Home equity 11 − Consumer 71 4 Recoveries (101 ) (110 ) Total Net Charge-Offs $ 21 $ 653 Balance at end of period $ 1,174 $ 1,185 Period-end loans outstanding $ 84,814 $ 81,421 Average loans outstanding $ 85,627 $ 83,253 Allowance as a percentage of period-end loans 1.38 % 1.46 % Net charge-offs as a percentage of average loans 0.02 % 0.78 %
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Commercial Commercial Real Estate Residential Real Estate Home Equity Consumer Construction Total Balance, beginning of year $ 86 $ 289 $ 702 $ 87 $ 21 $ − $ 1,185 Loan charge-offs − − (40 ) (11 ) (71 ) − (122 ) Recoveries 4 44 35 − 18 − 101 Provision for loan losses (8 ) (7 ) (39 ) (1 ) 65 − 10 Balance, end of period $ 82 $ 326 $ 658 $ 75 $ 33 $ − $ 1,174 Ending balance for loans individually evaluated for impairment $ 133 $ 1,640 $ 2,863 $ 34 $ − $ 55 $ 4,725 Ending balance for loans collectively evaluated for impairment 2,053 8,032 62,686 6,646 672 − $ 80,089 Loans receivable: Ending balance $ 2,186 $ 9,672 $ 65,549 $ 6,680 $ 672 $ 55 $ 84,814 Ending balance: loans individually evaluated for impairment $ 133 $ 1,640 $ 2,863 $ 34 $ − $ 55 $ 4,725 Ending balance: loans collectively evaluated for impairment 2,053 8,032 62,686 6,646 672 − $ 80,089

Note 10 - Investment Securiti22

Note 10 - Investment Securities (Tables)	9 Months Ended
	Dec. 31, 2015
Notes Tables
Held-to-maturity Securities [Table Text Block]	Held-to-Maturity December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in Thousands) Federal Farm Credit Bank Bond $ 8,933 $ − $ (100 ) $ 8,833 Federal Home Loan Bank Bonds 6,264 12 (90 ) 6,186 Federal Home Loan Mortgage Corporation Bonds 1,000 − (25 ) 975 Federal National Mortgage Association 5,999 2 (81 ) 5,920 Municipal Bond 736 − (1 ) 735 22,932 14 (297 ) 22,649 Mortgage-Backed Securities: Federal Home Loan Mortgage Corporation 342 17 − 359 Federal National Mortgage Association 410 37 − 447 Government National Mortgage Corporation 161 4 − 165 913 58 − 971 Total $ 23,845 $ 72 $ (297 ) $ 23,620 Held-to-Maturity March 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in Thousands) Federal Home Loan Bank Bonds $ 7,569 $ 25 $ (62 ) $ 7,532 Federal Farm Credit Bonds 6,437 − (55 ) 6,382 Federal Home Loan Mortgage Corporation Bonds 1,997 2 (20 ) 1,979 Federal National Mortgage Association Bond 6,999 16 (46 ) 6,969 Municipal Bond 470 2 − 472 23,472 45 (183 ) 23,334 Mortgage-backed securities: Federal Home Loan Mortgage Corporation 454 33 − 487 Federal National Mortgage Association 495 49 − 544 Government National Mortgage Corporation 196 6 − 202 1,145 88 − 1,233 Total $ 24,617 $ 133 $ (183 ) $ 24,567
Available-for-sale Securities [Table Text Block]	Available for Sale December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Certificates of Deposit $ 1,500 $ 5 $ (2 ) $ 1,503 Federal National Mortgage Association Bond 500 − (20 ) 480 Mutual Fund Shares 130 − (3 ) 127 $ 2,130 $ 5 $ (25 ) $ 2,110 Available for Sale March 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Federal Home Loan Bank Bonds $ 500 $ − $ (10 ) $ 490 Federal National Mortgage Association Bond 500 − (17 ) 483 Mutual Fund Shares 154 1 − 155 Total $ 1,154 $ 1 $ (27 ) $ 1,128
Investments Classified by Contractual Maturity Date [Table Text Block]	December 31, 2015 Held to Maturity Available for Sale (Dollars in Thousands) Amortized Cost Fair Value Amortized Cost Fair Value Amounts maturing in: One year or less $ 1,237 $ 1,237 $ − $ − After one year through five years 945 936 1,000 1,005 After five years through ten years 10,421 10,298 500 498 After ten years 11,242 11,149 500 480 Equity securities − − 130 127 $ 23,845 $ 23,620 $ 2,130 $ 2,110 March 31, 2015 Held to Maturity Available for Sale (Dollars in Thousands) Amortized Cost Fair Value Amortized Cost Fair Value Amounts maturing in: One year or less $ 971 $ 980 $ − $ − After one year through five years 1,000 999 − − After five years through ten years 8,911 8,839 − − After ten years 13,735 13,749 1,000 973 Equity securities − − 154 155 $ 24,617 $ 24,567 $ 1,154 $ 1,128
Schedule of Unrealized Loss on Investments [Table Text Block]	December 31, 2015 Less Than 12 Months 12 Months or Greater Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (Dollars in Thousands) Certificate of Deposit $ 248 $ (2 ) $ − $ − $ 248 $ (2 ) Federal Home Loan Bank Bonds 3,552 (32 ) 1,942 (58 ) $ 5,494 (90 ) Federal Farm Credit Bonds 6,645 (44 ) 2,388 (56 ) 9,033 (100 ) Federal Home Loan Mortgage Corporation Bonds 487 (13 ) 488 (12 ) 975 (25 ) Federal National Mortgage Association 3,954 (46 ) 1,943 (57 ) 5,897 (103 ) Municipal Bond 735 (1 ) − − 735 (1 ) Mutual Fund Shares 127 (3 ) − − 127 (3 ) Total $ 15,748 $ (141 ) $ 6,761 $ (183 ) $ 22,509 $ (324 ) March 31, 2015 Less Than 12 Months 12 Months or Greater Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (Dollars in Thousands) Federal Home Loan Bank Bonds $ 2,457 $ (20 ) $ 2,451 $ (52 ) $ 4,907 $ (72 ) Federal Farm Credit Bonds 2,478 (14 ) 2,903 (42 ) 5,382 (55 ) Federal Home Loan Mortgage Corporation Bonds 988 (12 ) 492 (8 ) 1,480 (20 ) Federal National Mortgage Association 1,493 (7 ) 2,442 (57 ) 3,936 (64 ) Mutual funds shares − − − − − − 7,416 (53 ) 8,288 (159 ) 15,705 (211 ) Mortgage-Backed Securities: Government National Mortgage Corporation − − − − − − Total $ 7,416 $ (53 ) $ 8,288 $ (159 ) $ 15,705 $ (211 )

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual)	Oct. 16, 2013USD ($)shares
Sale of Stock, Number of Shares Issued in Transaction | shares	525,423
Exchange of Common Stock Shares | shares	420,002
Proceeds from Reorganization and Stock Offering | $	$ 3,280,000
Costs from Reorganization and Stock Offering | $	$ 923,000

Note 3 - Deferred Income Taxes

Note 3 - Deferred Income Taxes (Details Textual)	Dec. 31, 2015
GAAP Capital Ratio, Basis Points in Excess of Tier 1 Regulatory Capital Ratio	1.08%

Note 4 - Income Taxes (Details

Note 4 - Income Taxes (Details Textual)	9 Months Ended
	Dec. 31, 2015USD ($)
Federal and State Jurisdiction [Member] | Earliest Tax Year [Member]
Open Tax Year	2,010
Federal and State Jurisdiction [Member] | Latest Tax Year [Member]
Open Tax Year	2,014
Liability for Uncertain Tax Positions, Current	$ 0

Note 5 - Earnings Per Share - E

Note 5 - Earnings Per Share - Earnings Per Share Reconciliation (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Net Income (Loss)	$ 12,622	$ (175,991)	$ 34,825	$ (351,279)
Denominators:
Basic shares outstanding (in shares)	906,720	903,201	906,720	903,201
Effect of dilutive securities (in shares)	2,222	0	2,222	0
Dilutive shares outstanding (in shares)	908,942	903,201	908,942	903,201
Earnings per share:
Basic (in dollars per share)	$ 0.01	$ (0.19)	$ 0.04	$ (0.39)
Dilutive (in dollars per share)	$ 0.01	$ (0.19)	$ 0.04	$ (0.39)

Note 6 - Regulatory Agreement (

Note 6 - Regulatory Agreement (Details Textual)	Dec. 31, 2015
In Accordance With the Written Agreement With the Office of the Comptroller of the Currency [Member]
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	8.00%
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	12.00%
Capital Required for Capital Adequacy to Risk Weighted Assets	13.00%
Tier One Leverage Capital to Average Assets	8.74%
Tier One Risk Based Capital to Risk Weighted Assets	15.95%
Capital to Risk Weighted Assets	17.23%

Note 8 - Fair Value of Financ28

Note 8 - Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Dec. 31, 2015	Mar. 31, 2015
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available-for-sale (amortized cost of $2,129,985 and $1,154,418 at December 31, 2015 and March 31, 2015, respectively)	$ 2,110,000	$ 1,127,000
Securities available-for-sale (amortized cost of $2,129,985 and $1,154,418 at December 31, 2015 and March 31, 2015, respectively)	$ 2,110,206	$ 1,127,515

Note 8 - Fair Value of Financ29

Note 8 - Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on a Non-recurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - Fair Value, Inputs, Level 1 [Member] - USD ($)	Dec. 31, 2015	Mar. 31, 2015
Impaired Loans [Member]
Impaired loans	$ 0	$ 0
Real Estate Owned [Member]
Real estate owned	0	0
Total	$ 0	$ 0

Note 8 - Fair Value of Financ30

Note 8 - Fair Value of Financial Instruments - Estimated Fair Value of Assets and Liabilities (Details) - USD ($)	Dec. 31, 2015	Mar. 31, 2015
Reported Value Measurement [Member]
Financial Assets:
Cash and cash equivalents	$ 8,791,000	$ 10,450,000
Securities held-to-maturity (fair value $23,619,735 and $24,566,903 at December 31, 2015 and March 31, 2015, respectively)	25,975,000	25,772,000
Loans, net of allowance for loan losses of $1,174,434 at December 31, 2015 and $1,185,178 at March 31, 2015	83,565,000	80,146,000
Federal Home Loan Bank, at cost	254,000	306,000
Accrued interest receivable	382,000	437,000
Bank-owned life insurance	169,000	169,000
Total non-performing assets	119,136,000	117,280,000
Financial Liabilities:
Deposits	112,430,000	110,198,000
Advance payments by borrowers for taxes and insurance	408,000	320,000
Advances from Federal Home Loan bank	3,000,000	4,000,000
Accrued interest payable	1,000	6,000
Total financial liabilities	115,839,000	114,524,000
Fair Value, Inputs, Level 1 [Member]
Financial Assets:
Cash and cash equivalents	8,791,000	10,450,000
FHLB stock	254,000	306,000
Accrued interest receivable	382,000	437,000
Bank-owned life insurance	169,000	169,000
Total financial assets	9,596,000	11,362,000
Financial Liabilities:
Deposits	12,452,000	10,733,000
Advance payments by borrowers for taxes and insurance	408,000	320,000
Advances from Federal Home Loan bank	3,000,000	4,000,000
Accrued interest payable	1,000	6,000
Total financial liabilities	15,861,000	15,059,000
Fair Value, Inputs, Level 2 [Member]
Financial Assets:
Investment securities	25,730,000	25,694,000
Total financial assets	25,730,000	25,694,000
Financial Liabilities:
Deposits		99,411,000
Total financial liabilities		99,411,000
Fair Value, Inputs, Level 3 [Member]
Financial Assets:
Total financial assets		79,675,000
Loans – net		79,675,000
Cash and cash equivalents	8,791,355	10,450,448
Securities held-to-maturity (fair value $23,619,735 and $24,566,903 at December 31, 2015 and March 31, 2015, respectively)	23,844,795	24,617,338
Investment securities	23,619,735	24,566,903
Loans, net of allowance for loan losses of $1,174,434 at December 31, 2015 and $1,185,178 at March 31, 2015	83,564,611	80,146,397
Federal Home Loan Bank, at cost	253,800	306,300
Accrued interest receivable	382,151	436,840
Bank-owned life insurance	169,252	169,252
Total non-performing assets	129,955,585	128,572,750
Financial Liabilities:
Advance payments by borrowers for taxes and insurance	407,648	320,356
Advances from Federal Home Loan bank	3,000,000	4,000,000
Total financial liabilities	$ 116,687,488	$ 115,400,459

Note 8 - Fair Value of Financ31

Note 8 - Fair Value of Financial Instruments - Off-balance Sheet Instruments (Details) - Commitments to Extend Credit [Member]	Dec. 31, 2015USD ($)
Commitments to extend credit, contract value	$ 5,989
Commitments to extend credit, estimated fair value	$ 0

Note 9 - Loans (Details Textual

Note 9 - Loans (Details Textual)	9 Months Ended	12 Months Ended
	Dec. 31, 2015USD ($)	Mar. 31, 2015USD ($)
Residential Portfolio Segment [Member] | Maximum [Member]
Loan Origination, Percentage of Appraised Value or Selling Price	80.00%
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Modifications, Recorded Investment	$ 410,000	$ 484,000
Residential Portfolio Segment [Member] | Downgraded Loans [Member]
Financing Receivable, Modifications, Number of Contracts	2
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 632,000
Residential Portfolio Segment [Member] | Paid In Full [Member]
Financing Receivable, Modifications, Number of Contracts	1
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 61,000
Residential Portfolio Segment [Member] | Total Charge-offs [Member]
Financing Receivable, Modifications, Number of Contracts	1
Residential Portfolio Segment [Member] | Transfer to Real Estate Owned [Member]
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 75,000
Residential Portfolio Segment [Member]
Financing Receivable, Modifications, Number of Contracts	0
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 1,450,000	880,000
Allowance for Loan and Lease Losses, Write-offs	$ 40,000	142,000
Owner Occupied Property [Member] | Maximum [Member]
Loan Term	30 years
Non-owner Occupied Property [Member] | Maximum [Member]
Loan Term	30 years
Commercial Real Estate Portfolio Segment [Member] | Maximum [Member]
Loan Origination, Percentage of Appraised Value or Selling Price	80.00%
Interest Rate Maturity Or Re-price	7 years
Loan Amortization Period	25 years
Commercial Real Estate Portfolio Segment [Member] | Minimum [Member]
Interest Rate Maturity Or Re-price	5 years
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Modifications, Recorded Investment	$ 0	229,000
Commercial Real Estate Portfolio Segment [Member] | Non-Accruals Transfer to Accruing Status [Member]
Financing Receivable, Modifications, Number of Contracts	1
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 229,000
Commercial Real Estate Portfolio Segment [Member] | Transfer to Real Estate Owned [Member]
Financing Receivable, Modifications, Number of Contracts	1
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 100,000
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Nonaccrual Status	554,000	662,000
Allowance for Loan and Lease Losses, Write-offs	$ 0	598,000
Construction Portfolio Segment [Member] | Maximum [Member]
Loan Term	1 year
Construction Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Modifications, Recorded Investment	$ 0	0
Construction Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Nonaccrual Status	0	0
Allowance for Loan and Lease Losses, Write-offs	0
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Modifications, Recorded Investment	$ 0	0
Consumer Portfolio Segment [Member] | Total Charge-offs [Member]
Financing Receivable, Modifications, Number of Contracts	2
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 82,000
Consumer Portfolio Segment [Member]
Loan Origination, Percentage of Appraised Value or Selling Price	80.00%
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 0	71,000
Allowance for Loan and Lease Losses, Write-offs	71,000	4,000
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Modifications, Recorded Investment	$ 0	0
Commercial Portfolio Segment [Member] | Downgraded Loans [Member]
Financing Receivable, Modifications, Number of Contracts	1
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 112,000
Commercial Portfolio Segment [Member] | Paid In Full [Member]
Financing Receivable, Modifications, Number of Contracts	1
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 118,000
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Nonaccrual Status	0	0
Allowance for Loan and Lease Losses, Write-offs	0	19,000
Home Equity Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Modifications, Recorded Investment	$ 0	0
Home Equity Portfolio Segment [Member] | Downgraded Loans [Member]
Financing Receivable, Modifications, Number of Contracts	1
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 34,000
Home Equity Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Nonaccrual Status	34,000	$ 11,000
Allowance for Loan and Lease Losses, Write-offs	$ 11,000
Nonperforming Financial Instruments [Member] | Payment Deferral [Member]
Financing Receivable, Modifications, Number of Contracts	4
Financing Receivable, Modifications, Recorded Investment	$ 586,000
Nonperforming Financial Instruments [Member]
Financing Receivable, Modifications, Recorded Investment	$ 410,000	$ 713,000
In Non-accrual Status [Member]
Financing Receviable, Number of Contracts, Nonaccrual Status	15	17
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 2,400,000	$ 2,300,000
Increase (Decrease) in Finance Receivables	$ 111,000
Downgraded Loans [Member]
Financing Receivable, Modifications, Number of Contracts	4
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 778,000
Total Charge-offs [Member]
Loans Receivables, Write Offs, Number of Relationships	2	2
Allowance for Loan and Lease Losses, Write-offs	$ 82,000	$ 23,000
Partial Charge-offs [Member]
Loans Receivables, Write Offs, Number of Relationships	2	17
Allowance for Loan and Lease Losses, Write-offs	$ 40,000	$ 603,000
Loans Outstanding or Committed to a Single Borrower Exceeding Limitation	$ 0
Maximum Loan to One Borrower Limitation, Percentage of Capital Funds	15.00%
Maximum Loan to One Borrower Limitation	$ 1,800,000
Additional Loan to One Borrower Limitation if Collateralized, Percentage of Adjusted Capital Funds	10.00%
Adjusted Capital Funds Value	$ 1,200,000
Financing Receivable, Modifications, Recorded Investment	2,184,000	2,238,000
Financing Receivable, Recorded Investment, Nonaccrual Status	2,038,000	1,624,000
Impaired Financing Receivable, Average Recorded Investment	5,036,000	4,707,000
Impaired Financing Receivable, Interest Income, Cash Basis Method	144,000	$ 201,000
Allowance for Loan and Lease Losses, Write-offs	$ 122,000
Allowance for Loan Loss to Loans Outstanding Ratio	1.38%
Increase (Decrease) in Non-performing Assets	$ 84,000
Non-performing Assets As Percentage of Total Assets	4.91%	4.90%

Note 9 - Loans - Loans (Details

Note 9 - Loans - Loans (Details) - USD ($)	Dec. 31, 2015	Mar. 31, 2015
Residential Portfolio Segment [Member]
Loans	$ 65,549,000	$ 62,789,000
Allowance for loan losses	(658,000)	(702,000)
Commercial Real Estate Portfolio Segment [Member]
Loans	9,672,000	7,979,000
Allowance for loan losses	(326,000)	(289,000)
Commercial Portfolio Segment [Member]
Loans	2,186,000	1,913,000
Allowance for loan losses	(82,000)	(86,000)
Home Equity Portfolio Segment [Member]
Loans	6,680,000	8,006,000
Allowance for loan losses	(75,000)	(87,000)
Consumer Portfolio Segment [Member]
Loans	672,000	678,000
Allowance for loan losses	(33,000)	(21,000)
Construction Portfolio Segment [Member]
Loans	55,000	56,000
Allowance for loan losses	0	0
Loans	84,814,000	81,421,000
Net deferred loan origination fees	(75,000)	(90,000)
Allowance for loan losses	(1,174,434)	(1,185,178)
Loans, net	$ 83,564,611	$ 80,146,397

Note 9 - Loans - Loans by Credi

Note 9 - Loans - Loans by Credit Quality Indicator (Details) $ in Thousands	Dec. 31, 2015USD ($)
Pass [Member] | Residential Portfolio Segment [Member]
Loans	$ 62,737
Pass [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans	7,338
Pass [Member] | Commercial Portfolio Segment [Member]
Loans	1,967
Pass [Member] | Home Equity Portfolio Segment [Member]
Loans	6,646
Pass [Member] | Consumer Portfolio Segment [Member]
Loans	$ 672
Pass [Member] | Construction Portfolio Segment [Member]
Loans
Pass [Member]
Loans	$ 79,360
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans	886
Special Mention [Member] | Commercial Portfolio Segment [Member]
Loans	76
Special Mention [Member]
Loans	962
Classified Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans	127
Classified Loans [Member] | Commercial Portfolio Segment [Member]
Loans	143
Classified Loans [Member]
Loans	270
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Loans	2,812
Residential Portfolio Segment [Member]
Loans	65,549
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Loans	1,321
Commercial Real Estate Portfolio Segment [Member]
Loans	9,672
Commercial Portfolio Segment [Member]
Loans	2,186
Home Equity Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Loans	34
Home Equity Portfolio Segment [Member]
Loans	6,680
Consumer Portfolio Segment [Member]
Loans	672
Construction Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Loans	55
Construction Portfolio Segment [Member]
Loans	55
Nonperforming Financial Instruments [Member]
Loans	4,222
Loans	$ 84,814

Note 9 - Loans - Past-Due Loans

Note 9 - Loans - Past-Due Loans (Details) $ in Thousands	Dec. 31, 2015USD ($)
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member]
Past due loans	$ 696
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Past due loans	290
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Past due loans	98
Financing Receivables, 30 to 59 Days Past Due [Member] | Home Equity Portfolio Segment [Member]
Past due loans	25
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Past due loans	16
Financing Receivables, 30 to 59 Days Past Due [Member]
Past due loans	$ 1,125
Percentage past due loans	1.32%
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member]
Past due loans	$ 880
Financing Receivables, 60 to 89 Days Past Due [Member] | Home Equity Portfolio Segment [Member]
Past due loans	93
Financing Receivables, 60 to 89 Days Past Due [Member]
Past due loans	$ 973
Percentage past due loans	1.15%
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member]
Past due loans	$ 1,860
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Past due loans	554
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Home Equity Portfolio Segment [Member]
Past due loans	34
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due loans	$ 2,448
Percentage past due loans	2.89%
Residential Portfolio Segment [Member]
Past due loans	$ 3,436
Current loans	62,113
Loans	65,549
Commercial Real Estate Portfolio Segment [Member]
Past due loans	844
Current loans	8,828
Loans	9,672
Commercial Portfolio Segment [Member]
Past due loans	98
Current loans	2,088
Loans	2,186
Home Equity Portfolio Segment [Member]
Past due loans	152
Current loans	6,528
Loans	6,680
Consumer Portfolio Segment [Member]
Past due loans	16
Current loans	656
Loans	672
Construction Portfolio Segment [Member]
Current loans	55
Loans	55
Past due loans	4,546
Current loans	80,268
Loans	$ 84,814
Percentage past due loans	5.36%
Percentage of current loans	94.64%
Percentage of Total Loans	100.00%

Note 9 - Loans - Impaired Loans

Note 9 - Loans - Impaired Loans (Details) - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2015	Mar. 31, 2015
Unpaid principal balance	$ 5,077,000	$ 4,522,000
Total loans determined to be impaired	5,077,000	4,522,000
Average recorded investment in impaired loans	5,036,000	4,707,000
Cash basis interest income recognized on impaired loans	$ 144,000	$ 201,000

Note 9 - Loans - Impaired Loa37

Note 9 - Loans - Impaired Loans by Portfolio (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Dec. 31, 2015	Mar. 31, 2015
Residential Portfolio Segment [Member]
Impaired loans with no valuation allowance:
Recorded investment	$ 3,071	$ 2,600
Unpaid principal balance	3,027	2,536
Average recorded investment	2,897	2,743
Interest income recognized while on impaired statues	44	65
Commercial Real Estate Portfolio Segment [Member]
Impaired loans with no valuation allowance:
Recorded investment	1,930	1,860
Unpaid principal balance	1,927	1,813
Average recorded investment	1,991	1,727
Interest income recognized while on impaired statues	84	130
Commercial Portfolio Segment [Member]
Impaired loans with no valuation allowance:
Recorded investment	34	35
Unpaid principal balance	34	35
Average recorded investment	16	31
Interest income recognized while on impaired statues	13	1
Home Equity Portfolio Segment [Member]
Impaired loans with no valuation allowance:
Recorded investment	34	11
Unpaid principal balance	34	11
Average recorded investment	36	130
Interest income recognized while on impaired statues	1
Consumer Portfolio Segment [Member]
Impaired loans with no valuation allowance:
Recorded investment		71
Unpaid principal balance		71
Average recorded investment	57	18
Interest income recognized while on impaired statues		2
Construction Portfolio Segment [Member]
Impaired loans with no valuation allowance:
Recorded investment	60	56
Unpaid principal balance	55	56
Average recorded investment	39	58
Interest income recognized while on impaired statues	2	3
Recorded investment	5,129	4,633
Unpaid principal balance	5,077	4,522
Average recorded investment	5,036	4,707
Interest income recognized while on impaired statues	$ 144	$ 201

Note 9 - Loans - Nonaccrual Loa

Note 9 - Loans - Nonaccrual Loans (Details) - USD ($)	Dec. 31, 2015	Mar. 31, 2015
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
In non-accrual status:
Troubled debt restructurings	$ 410,000	$ 484,000
Performing under modified terms:
Troubled debt restructurings	410,000	484,000
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member]
In non-accrual status:
Troubled debt restructurings	952,000	696,000
Performing under modified terms:
Troubled debt restructurings	952,000	696,000
Residential Portfolio Segment [Member]
Non-accrual loans:
Non-accrual loans	1,450,000	880,000
Accruing loans past due 90 days or more:
90 days past due and still accruing	0	0
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
In non-accrual status:
Troubled debt restructurings	0	229,000
Performing under modified terms:
Troubled debt restructurings	0	229,000
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member]
In non-accrual status:
Troubled debt restructurings	767,000	773,000
Performing under modified terms:
Troubled debt restructurings	767,000	773,000
Commercial Real Estate Portfolio Segment [Member]
Non-accrual loans:
Non-accrual loans	554,000	662,000
Accruing loans past due 90 days or more:
90 days past due and still accruing	0	0
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
In non-accrual status:
Troubled debt restructurings	0	0
Performing under modified terms:
Troubled debt restructurings	0	0
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member]
In non-accrual status:
Troubled debt restructurings	0	0
Performing under modified terms:
Troubled debt restructurings	0	0
Commercial Portfolio Segment [Member]
Non-accrual loans:
Non-accrual loans	0	0
Accruing loans past due 90 days or more:
90 days past due and still accruing	0	0
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
In non-accrual status:
Troubled debt restructurings	0	0
Performing under modified terms:
Troubled debt restructurings	0	0
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member]
In non-accrual status:
Troubled debt restructurings	0	0
Performing under modified terms:
Troubled debt restructurings	0	0
Consumer Portfolio Segment [Member]
Non-accrual loans:
Non-accrual loans	0	71,000
Accruing loans past due 90 days or more:
90 days past due and still accruing	0	0
Home Equity Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
In non-accrual status:
Troubled debt restructurings	0	0
Performing under modified terms:
Troubled debt restructurings	0	0
Home Equity Portfolio Segment [Member] | Performing Financial Instruments [Member]
In non-accrual status:
Troubled debt restructurings	0	0
Performing under modified terms:
Troubled debt restructurings	0	0
Home Equity Portfolio Segment [Member]
Non-accrual loans:
Non-accrual loans	34,000	11,000
Accruing loans past due 90 days or more:
90 days past due and still accruing	0	0
Construction Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
In non-accrual status:
Troubled debt restructurings	0	0
Performing under modified terms:
Troubled debt restructurings	0	0
Construction Portfolio Segment [Member] | Performing Financial Instruments [Member]
In non-accrual status:
Troubled debt restructurings	55,000	56,000
Performing under modified terms:
Troubled debt restructurings	55,000	56,000
Construction Portfolio Segment [Member]
Non-accrual loans:
Non-accrual loans	0	0
Accruing loans past due 90 days or more:
90 days past due and still accruing	0	0
Nonperforming Financial Instruments [Member]
In non-accrual status:
Troubled debt restructurings	410,000	713,000
Performing under modified terms:
Troubled debt restructurings	410,000	713,000
Total non-performing loans	4,222,000	3,862,000
Real estate owned	2,158,000	2,433,000
Total non-performing assets	6,380,000	6,295,000
Performing Financial Instruments [Member]
In non-accrual status:
Troubled debt restructurings	1,774,000	1,525,000
Performing under modified terms:
Troubled debt restructurings	1,774,000	1,525,000
Non-accrual loans	2,038,000	1,624,000
90 days past due and still accruing	0	0
Troubled debt restructurings	2,184,000	2,238,000
Troubled debt restructurings	2,184,000	2,238,000
Real estate owned	2,157,766	2,433,483
Total non-performing assets	$ 129,955,585	$ 128,572,750
Non-performing loans as a percentage of loans	4.98%	4.74%
Non-performing assets as a percentage of loans and real estate owned	7.34%	7.51%
Non-performing assets as percentage of total assets	4.91%	4.90%

Note 9 - Loans - Troubled Debt

Note 9 - Loans - Troubled Debt Restructurings (Details) - Residential Portfolio Segment [Member]	9 Months Ended
	Dec. 31, 2015USD ($)
Number of Contracts	0
Outstanding Recorded Investment Pre-Modification	$ 0
Outstanding Recorded Investment Post-Modification	$ 0

Note 9 - Loans - Troubled Deb40

Note 9 - Loans - Troubled Debt Restructurings Subsequent Default (Details) - Residential Portfolio Segment [Member]	9 Months Ended
	Dec. 31, 2015USD ($)
Troubled debt restructurings that subsequently defaulted, number of contracts	0
Troubled debt restructurings that subsequently defaulted, recorded investment	$ 0

Note 9 - Loans - Real Estate Ow

Note 9 - Loans - Real Estate Owned (REO), Net of Valuation Allowance (Details) - USD ($)	3 Months Ended	9 Months Ended		12 Months Ended
	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Mar. 31, 2015
Balance, beginning of period		$ 2,433,483	$ 1,950,000	$ 1,950,000
Additions from loan foreclosures		246,382	1,827,367	2,333,000
Dispositions of REO		(995,000)		(1,592,000)
Gain (loss) on sale of REO	$ (1,115)	(3,096)	(11,078)	(82,000)
Valuation adjustments in the period		475,000		(176,000)
Balance, end of period	2,157,766	2,157,766		2,433,483
Balance, beginning of period		851,000	$ 676,000	676,000
Valuation adjustments added in the period		48,000		642,000
Valuation adjustments on disposed properties during the period		(523,000)		(467,000)
Balance, end of period	$ 376,000	$ 376,000		$ 851,000

Note 9 - Loans - Allowance for

Note 9 - Loans - Allowance for Losses on Loans and Charge-Offs (Details) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2015	Mar. 31, 2015
Commercial Portfolio Segment [Member]
Balance, beginning of year		$ 86,000
Provision:
Provision for loan losses		(8,000)	$ 45,000
Charge-offs:
Charge-offs		0	19,000
Recoveries		(4,000)
Balance, end of period	$ 82,000	82,000	86,000
Loans	2,186,000	2,186,000	1,913,000
Commercial Real Estate Portfolio Segment [Member]
Balance, beginning of year		289,000
Provision:
Provision for loan losses		(7,000)	176,000
Charge-offs:
Charge-offs		0	598,000
Recoveries		(44,000)
Balance, end of period	326,000	326,000	289,000
Loans	9,672,000	9,672,000	7,979,000
Residential Portfolio Segment [Member]
Balance, beginning of year		702,000
Provision:
Provision for loan losses		(39,000)	177,000
Charge-offs:
Charge-offs		40,000	142,000
Recoveries		(35,000)
Balance, end of period	658,000	658,000	702,000
Loans	65,549,000	65,549,000	62,789,000
Home Equity Portfolio Segment [Member]
Balance, beginning of year		87,000
Provision:
Provision for loan losses		(1,000)	$ 21,000
Charge-offs:
Charge-offs		$ 11,000
Recoveries
Balance, end of period	75,000	$ 75,000	$ 87,000
Loans	6,680,000	6,680,000	8,006,000
Consumer Portfolio Segment [Member]
Balance, beginning of year		21,000
Provision:
Provision for loan losses		65,000	(25,000)
Charge-offs:
Charge-offs		71,000	4,000
Recoveries		(18,000)
Balance, end of period	33,000	33,000	21,000
Loans	672,000	672,000	678,000
Construction Portfolio Segment [Member]
Balance, beginning of year		0
Provision:
Provision for loan losses		0	(4,000)
Charge-offs:
Charge-offs		0
Recoveries		0
Balance, end of period	0	0	0
Loans	$ 55,000	55,000	56,000
Balance, beginning of year		1,185,178	1,448,000
Provision for loan losses		10,000	390,000
Charge-offs		122,000
Recoveries		(101,000)	(110,000)
Total Net Charge-Offs		21,000	653,000
Balance, end of period	$ 1,174,434	1,174,434	1,185,178
Loans	$ 84,814,000	84,814,000	81,421,000
Average loans outstanding		$ 85,627,000	$ 83,253,000
Allowance as a percentage of period-end loans	1.38%	1.38%	1.46%
Net charge-offs as a percentage of average loans	0.02%	0.02%	0.78%

Note 9 - Loans - Allowance fo43

Note 9 - Loans - Allowance for Loan Losses (Details)	3 Months Ended	9 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2015USD ($)
Commercial Portfolio Segment [Member]
Balance, beginning of year		$ 86,000
Loan charge-offs		0
Recoveries		4,000
Provision for loan losses		(8,000)
Balance, end of period	$ 82,000	82,000
Ending balance for loans individually evaluated for impairment	133,000	133,000
Ending balance for loans collectively evaluated for impairment	2,053,000	2,053,000
Loans receivable:
Ending balance	2,186,000	2,186,000
Ending balance: loans individually evaluated for impairment	133,000	133,000
Ending balance: loans collectively evaluated for impairment	2,053,000	2,053,000
Commercial Real Estate Portfolio Segment [Member]
Balance, beginning of year		289,000
Loan charge-offs		0
Recoveries		44,000
Provision for loan losses		(7,000)
Balance, end of period	326,000	326,000
Ending balance for loans individually evaluated for impairment	1,640,000	1,640,000
Ending balance for loans collectively evaluated for impairment	8,032,000	8,032,000
Loans receivable:
Ending balance	9,672,000	9,672,000
Ending balance: loans individually evaluated for impairment	1,640,000	1,640,000
Ending balance: loans collectively evaluated for impairment	8,032,000	8,032,000
Residential Portfolio Segment [Member]
Balance, beginning of year		702,000
Loan charge-offs		(40,000)
Recoveries		35,000
Provision for loan losses		(39,000)
Balance, end of period	658,000	658,000
Ending balance for loans individually evaluated for impairment	2,863,000	2,863,000
Ending balance for loans collectively evaluated for impairment	62,686,000	62,686,000
Loans receivable:
Ending balance	65,549,000	65,549,000
Ending balance: loans individually evaluated for impairment	2,863,000	2,863,000
Ending balance: loans collectively evaluated for impairment	62,686,000	62,686,000
Home Equity Portfolio Segment [Member]
Balance, beginning of year		87,000
Loan charge-offs		$ (11,000)
Recoveries
Provision for loan losses		$ (1,000)
Balance, end of period	75,000	75,000
Ending balance for loans individually evaluated for impairment	34,000	34,000
Ending balance for loans collectively evaluated for impairment	6,646,000	6,646,000
Loans receivable:
Ending balance	6,680,000	6,680,000
Ending balance: loans individually evaluated for impairment	34,000	34,000
Ending balance: loans collectively evaluated for impairment	6,646,000	6,646,000
Consumer Portfolio Segment [Member]
Balance, beginning of year		21,000
Loan charge-offs		(71,000)
Recoveries		18,000
Provision for loan losses		65,000
Balance, end of period	33,000	33,000
Ending balance for loans individually evaluated for impairment	0	0
Ending balance for loans collectively evaluated for impairment	672,000	672,000
Loans receivable:
Ending balance	672,000	672,000
Ending balance: loans individually evaluated for impairment	0	0
Ending balance: loans collectively evaluated for impairment	672,000	672,000
Construction Portfolio Segment [Member]
Balance, beginning of year		0
Loan charge-offs		0
Recoveries		0
Provision for loan losses		0
Balance, end of period	0	0
Ending balance for loans individually evaluated for impairment	55,000	55,000
Ending balance for loans collectively evaluated for impairment	0	0
Loans receivable:
Ending balance	55,000	55,000
Ending balance: loans individually evaluated for impairment	55,000	55,000
Ending balance: loans collectively evaluated for impairment	$ 0	0
Balance, beginning of year		1,185,178
Loan charge-offs		(122,000)
Recoveries		101,000
Provision for loan losses		10,000
Balance, end of period	$ 1,174,434	1,174,434
Ending balance for loans individually evaluated for impairment	4,725,000	4,725,000
Ending balance for loans collectively evaluated for impairment	80,089,000	80,089,000
Ending balance	84,814,000	84,814,000
Ending balance: loans individually evaluated for impairment	4,725,000	4,725,000
Ending balance: loans collectively evaluated for impairment	$ 80,089,000	$ 80,089,000

Note 10 - Investment Securiti44

Note 10 - Investment Securities (Details Textual) - Debt Securities [Member]	Dec. 31, 2015
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	45
Securities in Unrealized Loss Positions, Depreciated Percentage from Amortized Cost	1.40%

Note 10 - Investment Securiti45

Note 10 - Investment Securities - Held-to-Maturity Securities (Details) - USD ($)	Dec. 31, 2015	Mar. 31, 2015
Federal Farm Credit Bonds [Member] | Bonds [Member]
Securities held-to-maturity (fair value $23,619,735 and $24,566,903 at December 31, 2015 and March 31, 2015, respectively)	$ 8,933,000	$ 6,437,000
Held-to-maturity securities, gross unrealized losses	(100,000)	(55,000)
Securities held-to-maturity, fair value	8,833,000	6,382,000
Federal Home Loan Bank Certificates and Obligations (FHLB) [Member] | Bonds [Member]
Securities held-to-maturity (fair value $23,619,735 and $24,566,903 at December 31, 2015 and March 31, 2015, respectively)	6,264,000	7,569,000
Held-to-maturity securities, gross unrealized losses	(90,000)	(62,000)
Securities held-to-maturity, fair value	6,186,000	7,532,000
Held-to-maturity securities, gross unrealized gains	12,000	25,000
Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | Bonds [Member]
Securities held-to-maturity (fair value $23,619,735 and $24,566,903 at December 31, 2015 and March 31, 2015, respectively)	1,000,000	1,997,000
Held-to-maturity securities, gross unrealized losses	(25,000)	(20,000)
Securities held-to-maturity, fair value	$ 975,000	1,979,000
Held-to-maturity securities, gross unrealized gains		2,000
Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities held-to-maturity (fair value $23,619,735 and $24,566,903 at December 31, 2015 and March 31, 2015, respectively)	$ 342,000	454,000
Securities held-to-maturity, fair value	359,000	487,000
Held-to-maturity securities, gross unrealized gains	17,000	33,000
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | Bonds [Member]
Securities held-to-maturity (fair value $23,619,735 and $24,566,903 at December 31, 2015 and March 31, 2015, respectively)	5,999,000	6,999,000
Held-to-maturity securities, gross unrealized losses	(81,000)	(46,000)
Securities held-to-maturity, fair value	5,920,000	6,969,000
Held-to-maturity securities, gross unrealized gains	2,000	16,000
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities held-to-maturity (fair value $23,619,735 and $24,566,903 at December 31, 2015 and March 31, 2015, respectively)	410,000	495,000
Securities held-to-maturity, fair value	447,000	544,000
Held-to-maturity securities, gross unrealized gains	37,000	49,000
Municipal Bonds [Member] | Bonds [Member]
Securities held-to-maturity (fair value $23,619,735 and $24,566,903 at December 31, 2015 and March 31, 2015, respectively)	736,000	470,000
Held-to-maturity securities, gross unrealized losses	(1,000)
Securities held-to-maturity, fair value	735,000	472,000
Held-to-maturity securities, gross unrealized gains		2,000
Government National Mortgage Association Certificates and Obligations (GNMA) [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities held-to-maturity (fair value $23,619,735 and $24,566,903 at December 31, 2015 and March 31, 2015, respectively)	161,000	196,000
Securities held-to-maturity, fair value	165,000	202,000
Held-to-maturity securities, gross unrealized gains	4,000	6,000
Bonds [Member]
Securities held-to-maturity (fair value $23,619,735 and $24,566,903 at December 31, 2015 and March 31, 2015, respectively)	22,932,000	23,472,000
Held-to-maturity securities, gross unrealized losses	(297,000)	(183,000)
Securities held-to-maturity, fair value	22,649,000	23,334,000
Held-to-maturity securities, gross unrealized gains	14,000	45,000
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities held-to-maturity (fair value $23,619,735 and $24,566,903 at December 31, 2015 and March 31, 2015, respectively)	913,000	1,145,000
Securities held-to-maturity, fair value	971,000	1,233,000
Held-to-maturity securities, gross unrealized gains	58,000	88,000
Securities held-to-maturity (fair value $23,619,735 and $24,566,903 at December 31, 2015 and March 31, 2015, respectively)	23,844,795	24,617,338
Held-to-maturity securities, gross unrealized losses	(297,000)	(183,000)
Securities held-to-maturity, fair value	23,619,735	24,566,903
Held-to-maturity securities, gross unrealized gains	$ 72,000	$ 133,000

Note 10 - Investment Securiti46

Note 10 - Investment Securities - Available-for-Sale Securities (Details) - USD ($)	Dec. 31, 2015	Mar. 31, 2015
Certificates of Deposit [Member]
Securities available-for-sale, amortized cost	$ 1,500,000
Available-for-sale securities - gross unrealized gains	5,000
Available-for-sale securities - gross unrealized losses	(2,000)
Securities available-for-sale (amortized cost of $2,129,985 and $1,154,418 at December 31, 2015 and March 31, 2015, respectively)	1,503,000
Federal Home Loan Bank Certificates and Obligations (FHLB) [Member]
Securities available-for-sale, amortized cost		$ 500,000
Available-for-sale securities - gross unrealized gains
Available-for-sale securities - gross unrealized losses		$ (10,000)
Securities available-for-sale (amortized cost of $2,129,985 and $1,154,418 at December 31, 2015 and March 31, 2015, respectively)		490,000
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member]
Securities available-for-sale, amortized cost	$ 500,000	$ 500,000
Available-for-sale securities - gross unrealized gains
Available-for-sale securities - gross unrealized losses	$ (20,000)	$ (17,000)
Securities available-for-sale (amortized cost of $2,129,985 and $1,154,418 at December 31, 2015 and March 31, 2015, respectively)	480,000	483,000
Mutual Fund Shares [Member]
Securities available-for-sale, amortized cost	$ 130,000	154,000
Available-for-sale securities - gross unrealized gains		$ 1,000
Available-for-sale securities - gross unrealized losses	$ (3,000)
Securities available-for-sale (amortized cost of $2,129,985 and $1,154,418 at December 31, 2015 and March 31, 2015, respectively)	127,000	$ 155,000
Securities available-for-sale, amortized cost	2,129,985	1,154,418
Available-for-sale securities - gross unrealized gains	5,000	1,000
Available-for-sale securities - gross unrealized losses	(25,000)	(27,000)
Securities available-for-sale (amortized cost of $2,129,985 and $1,154,418 at December 31, 2015 and March 31, 2015, respectively)	$ 2,110,206	$ 1,127,515

Note 10 - Investment Securiti47

Note 10 - Investment Securities - Maturities of Securities (Details) - USD ($)	Dec. 31, 2015	Mar. 31, 2015
Amounts maturing in:
Held-to-maturity securities, amortized cost - one year or less	$ 1,237,000	$ 971,000
Held-to-maturity securities, fair value - one year or less	1,237,000	980,000
Available-for-sale securities, amortized cost - one year or less	0	0
Available-for-sale securities, fair value - one year or less	0	0
Held-to-maturity securities, amortized cost - after one year through five years	945,000	1,000,000
Held-to-maturity securities, fair value - after one year through five years	936,000	999,000
Available-for-sale securities, amortized cost - after one year through five years	1,000,000	0
Available-for-sale securities, fair value - after one year through five years	1,005,000	0
Held-to-maturity securities, amortized cost - after five years through ten years	10,421,000	8,911,000
Held-to-maturity securities, fair value - after five years through ten years	10,298,000	8,839,000
Available-for-sale securities, amortized cost - after five years through ten years	500,000	0
Available-for-sale securities, fair value - after five years through ten years	498,000	0
Held-to-maturity securities, amortized cost - after ten years	11,242,000	13,735,000
Held-to-maturity securities, fair value - after ten years	11,149,000	13,749,000
Available-for-sale securities, amortized cost - after ten years	500,000	1,000,000
Available-for-sale securities, fair value - after ten years	480,000	973,000
Equity securities, held-to-maturity, amortized cost	0	0
Equity securities, held-to-maturity, fair value	0	0
Equity securities, available-for-sale, amortized cost	130,000	154,000
Equity securities, available-for-sale, fair value	127,000	155,000
Securities held-to-maturity (fair value $23,619,735 and $24,566,903 at December 31, 2015 and March 31, 2015, respectively)	23,844,795	24,617,338
Securities held-to-maturity, fair value	23,619,735	24,566,903
Available-for-sale securities, amortized cost	2,130,000	1,154,000
Securities available-for-sale (amortized cost of $2,129,985 and $1,154,418 at December 31, 2015 and March 31, 2015, respectively)	$ 2,110,206	$ 1,127,515

Note 10 - Investment Securiti48

Note 10 - Investment Securities - Securities With Gross Unrealized Losses (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Mar. 31, 2015
Certificates of Deposit [Member]
Securities with unrealized losses, less than 12 months, fair value	$ 248
Securities with unrealized losses, less than 12 months, gross unrealized losses	$ (2)
Securities with unrealized losses, 12 months or greater, fair value
Securities with unrealized losses, 12 months or greater, gross unrealized losses
Securities with unrealized losses, fair value	$ 248
Securities with unrealized losses, gross unrealized losses	(2)
Federal Home Loan Bank Certificates and Obligations (FHLB) [Member] | Bonds [Member]
Securities with unrealized losses, less than 12 months, fair value	3,552	$ 2,457
Securities with unrealized losses, less than 12 months, gross unrealized losses	(32)	(20)
Securities with unrealized losses, 12 months or greater, fair value	1,942	2,451
Securities with unrealized losses, 12 months or greater, gross unrealized losses	(58)	(52)
Securities with unrealized losses, fair value	5,494	4,907
Securities with unrealized losses, gross unrealized losses	(90)	(72)
Federal Farm Credit Bonds [Member] | Bonds [Member]
Securities with unrealized losses, less than 12 months, fair value	6,645	2,478
Securities with unrealized losses, less than 12 months, gross unrealized losses	(44)	(14)
Securities with unrealized losses, 12 months or greater, fair value	2,388	2,903
Securities with unrealized losses, 12 months or greater, gross unrealized losses	(56)	(42)
Securities with unrealized losses, fair value	9,033	5,382
Securities with unrealized losses, gross unrealized losses	(100)	(55)
Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | Bonds [Member]
Securities with unrealized losses, less than 12 months, fair value	487	988
Securities with unrealized losses, less than 12 months, gross unrealized losses	(13)	(12)
Securities with unrealized losses, 12 months or greater, fair value	488	492
Securities with unrealized losses, 12 months or greater, gross unrealized losses	(12)	(8)
Securities with unrealized losses, fair value	975	1,480
Securities with unrealized losses, gross unrealized losses	(25)	(20)
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | Bonds [Member]
Securities with unrealized losses, less than 12 months, fair value	3,954	1,493
Securities with unrealized losses, less than 12 months, gross unrealized losses	(46)	(7)
Securities with unrealized losses, 12 months or greater, fair value	1,943	2,442
Securities with unrealized losses, 12 months or greater, gross unrealized losses	(57)	(57)
Securities with unrealized losses, fair value	5,897	3,936
Securities with unrealized losses, gross unrealized losses	(103)	(64)
Municipal Bonds [Member]
Securities with unrealized losses, less than 12 months, fair value	735
Securities with unrealized losses, less than 12 months, gross unrealized losses	$ (1)
Securities with unrealized losses, 12 months or greater, fair value
Securities with unrealized losses, 12 months or greater, gross unrealized losses
Securities with unrealized losses, fair value	$ 735
Securities with unrealized losses, gross unrealized losses	(1)
Mutual Fund Shares [Member] | Bonds [Member]
Securities with unrealized losses, less than 12 months, fair value	127
Securities with unrealized losses, less than 12 months, gross unrealized losses	$ (3)
Securities with unrealized losses, 12 months or greater, fair value
Securities with unrealized losses, 12 months or greater, gross unrealized losses
Securities with unrealized losses, fair value	$ 127
Securities with unrealized losses, gross unrealized losses	(3)
Bonds [Member]
Securities with unrealized losses, less than 12 months, fair value		7,416
Securities with unrealized losses, less than 12 months, gross unrealized losses		(53)
Securities with unrealized losses, 12 months or greater, fair value		8,288
Securities with unrealized losses, 12 months or greater, gross unrealized losses		(159)
Securities with unrealized losses, fair value		15,705
Securities with unrealized losses, gross unrealized losses		(211)
Securities with unrealized losses, less than 12 months, fair value	15,748	7,416
Securities with unrealized losses, less than 12 months, gross unrealized losses	(141)	(53)
Securities with unrealized losses, 12 months or greater, fair value	6,761	8,288
Securities with unrealized losses, 12 months or greater, gross unrealized losses	(183)	(159)
Securities with unrealized losses, fair value	22,509	15,705
Securities with unrealized losses, gross unrealized losses	$ (324)	$ (211)