Delanco Bancorp 10-Q 14 Nov 17 2018 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Sep. 30, 2017	Nov. 03, 2017
Document Information [Line Items]
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	Sep. 30, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)	Sep. 30, 2017	Mar. 31, 2017
ASSETS
Cash and amounts due from banks	$ 671,467	$ 511,355
Interest-bearing deposits	8,302,679	6,487,188
Total cash and cash equivalents	8,974,146	6,998,543
Investment Securities
Securities available-for-sale (amortized cost of $2,074,499 and $2,588,817 at September 30, 2017 and March 31, 2017, respectively)	2,086,322	2,594,888
Securities held-to-maturity (fair value $21,418,582 and $21,797,695 at September 30, 2017 and March 31, 2017, respectively)	21,956,622	22,622,835
Total investment securities	24,042,944	25,217,723
Loans, net of allowance for loan losses of $1,010,552 at September 30, 2017 (unaudited), $1,001,449 at March 31, 2017	83,898,782	84,414,361
Accrued interest receivable	389,247	378,243
Real estate owned	1,461,198	1,271,302
Federal Home Loan Bank, at cost	102,000	124,300
Premises and equipment, net	5,936,959	6,047,703
Deferred income taxes	1,813,750	1,981,950
Bank-owned life insurance	178,514	178,514
Other assets	252,663	374,714
Total assets	127,050,203	126,987,353
LIABILITIES
Non-interest bearing deposits	10,255,268	11,703,567
Interest bearing deposits	101,710,880	100,377,179
Total deposits	111,966,148	112,080,746
Accrued interest payable	6,285	6,273
Advance payments by borrowers for taxes and insurance	504,348	500,485
Other liabilities	901,705	908,005
Total liabilities	113,378,486	113,495,509
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Preferred stock, $.01 par value, 5,000,000 authorized at September 30, 2017 and March 31, 2017, no shares issued
Common stock, $.01 par value, 20,000,000 shares authorized; 945,425 shares issued and outstanding at September 30, 2017 and March 31, 2017	9,454	9,454
Additional paid-in capital	10,052,460	10,029,506
Retained earnings, substantially restricted	4,189,933	4,036,465
Unearned common stock held by employee stock ownership plan	(455,514)	(455,514)
Accumulated other comprehensive (loss)	(124,616)	(128,067)
Total stockholder’s equity	13,671,717	13,491,844
Total liabilities and stockholders’ equity	$ 127,050,203	$ 126,987,353

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Current Period Unaudited) (Parentheticals) - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Investment securities available-for-sale, amortized cost	$ 2,074,499	$ 2,588,817
Investment and mortgage backed securities held-to-maturity, fair value	21,418,582	21,797,695
Loans, allowance for loan losses	$ 1,010,552	$ 1,001,449
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		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
INTEREST INCOME
Loans	$ 909,639	$ 874,301	$ 1,808,618	$ 1,766,779
Investment securities	160,117	140,834	317,638	315,767
Total interest income	1,069,756	1,015,135	2,126,256	2,082,546
INTEREST EXPENSE
Interest-bearing checking accounts	8,435	11,411	16,773	22,152
Passbook and money market accounts	31,867	30,025	62,844	59,692
Certificates of deposits	85,836	90,558	170,131	181,998
Federal Home Loan Bank Advances		2,064	15	4,812
Total interest expense	126,138	134,058	249,763	268,654
Net interest income	943,618	881,077	1,876,493	1,813,892
Recapture of loan losses	(65,000)		(85,000)	(48,000)
Net interest income after recapture for loan losses	1,008,618	881,077	1,961,493	1,861,892
NON-INTEREST INCOME
Gain on sale of an asset			71,516
Gain (Loss) on sale of real estate owned	23,415	2,692	23,415	(2,840)
Service charges	34,331	29,595	63,351	62,430
Rental income	9,600	12,600	19,200	25,035
Other	3,906	3,949	8,013	7,429
Total non-interest income	71,252	48,836	185,495	92,054
NON-INTEREST EXPENSE
Salaries and employee benefits	406,427	400,610	816,803	797,638
Advertising	3,689	6,812	7,907	11,377
Office supplies, telephone and postage	28,113	28,775	54,213	54,007
Loan expenses	6,860	5,956	20,233	34,332
Occupancy expense	140,104	149,977	281,198	293,353
Federal insurance premiums	20,031	42,628	42,062	85,426
Real estate owned loss reserve	28,000		80,218	13,100
Data processing expenses	63,887	62,544	125,704	127,158
ATM expenses	13,701	9,995	25,144	16,300
Bank charges and fees	19,487	22,609	41,628	44,102
Insurance and surety bond premiums	20,146	23,622	40,767	44,729
Dues and subscriptions	9,817	12,925	17,055	24,454
Professional fees	69,832	70,769	150,615	125,620
Real Estate Owned expense, net	26,442	29,566	54,422	62,151
Other	31,134	35,699	67,651	69,861
Total non-interest expense	887,670	902,487	1,825,620	1,803,608
INCOME - BEFORE INCOME TAX EXPENSE	192,200	27,426	321,368	150,338
Income tax	94,652	9,357	167,900	72,452
NET INCOME	$ 97,548	$ 18,069	$ 153,468	$ 77,886
INCOME PER COMMON SHARE (in dollars per share)	$ 0.11	$ 0.02	$ 0.17	$ 0.09

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)	6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Net income	$ 153,468	$ 77,886
Unrealized holding gain - net of deferred tax - of $4,729 and $16,918 in 2017 and 2016	3,451	2,753
Total other comprehensive income	$ 156,919	$ 80,639

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parentheticals) - USD ($)	6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Unrealized holding gains, deferred tax	$ 4,729	$ 16,918

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - 6 months ended Sep. 30, 2017 - 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, 2017	945,425
Balance at Mar. 31, 2017	$ 9,454	$ 10,029,506	$ 4,036,465	$ (455,514)	$ (128,067)	$ 13,491,844
Net income			153,468			153,468
Other comprehensive income, net of tax:					3,451	3,451
Employee stock option expense		22,954				22,954
Balance (in shares) at Sep. 30, 2017	945,425
Balance at Sep. 30, 2017	$ 9,454	$ 10,052,460	$ 4,189,933	$ (455,514)	$ (124,616)	$ 13,671,717

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flow from operating activities
Net income	$ 153,468	$ 77,886
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income tax expense	165,899	70,501
Depreciation	117,144	132,491
Discount accretion net of premium amortization	242	(31,427)
Recapture of loan losses	(85,000)	(48,000)
Gain (Loss) on sale of real estate owned	(23,415)	2,840
Gain on sale of an asset	(71,516)
Compensation expense for stock options	22,954	17,610
(Increase) decrease in:
Accrued interest receivable	(11,003)	18,398
Other assets	122,051	105,994
Increase (decrease) in:
Accrued interest payable	12	78
Other liabilities	(6,300)	57,504
Net cash provided by operating activities	384,536	403,875
Cash flows from investing activities
Proceeds of securities available for sale	514,318	513,976
Purchase of securities available for sale		(500,000)
Purchases of securities held-to-maturity		(14,965,000)
Proceeds from maturities and principal repayments of securities held-to-maturity	665,972	15,930,445
Redemption of investment required by law – stock in Federal Home Loan Bank	22,300	84,500
Proceeds from sale of real estate owned	163,300	466,285
Net (increase) decrease in loans	342,312	(1,281,527)
Purchases of premises and equipment	(6,400)	(5,545)
Net cash provided by investing activities	1,701,802	243,134
Cash flows from financing activities
(Decrease) increase in deposits	(114,598)	1,225,772
Increase in advance payments by borrowers for taxes and insurance	3,863	48,791
Decrease in Federal Home Loan bank Advances		(2,000,000)
Net cash used in financing activities	(110,735)	(725,437)
Net decrease in cash and cash equivalents	1,975,603	(78,428)
Cash and cash equivalents, beginning of the period	6,998,543	12,127,388
Cash and cash equivalents, end of period	8,974,146	12,048,960
Supplemental Disclosures:
Cash paid during the period for interest	249,738	274,562
Cash paid during the period for income taxes	2,500	2,500
Loans transferred to foreclosed real estate during the period	410,000	148,931
Net change in unrealized gain on securities available-for-sale net of tax	$ 3,451	$ 2,753

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Basis of Accounting [Text Block]	( 1 Basis of Presentation On October 16, 2013, 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 525,423 420,002 $3,280,000, $923,000. The accompanying unaudited consolidated financial statements have been prepared in accordance with instruction s for Form 10 not three six September 30, 2017 not may 10 March 31, 2017.

Note 2 - Use of Estimates

Note 2 - Use of Estimates	6 Months Ended
	Sep. 30, 2017
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 assumption s 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	6 Months Ended
	Sep. 30, 2017
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 740 740 740 no Tax year 2016 2014 2016 nts will be classified in the financial statements as income tax expense .
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 recover ed 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 regula tory 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 10% 125

Note 4 - Income Taxes

Note 4 - Income Taxes	6 Months Ended
	Sep. 30, 2017
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 740 740 740 no Tax year 2016 2014 2016 nts will be classified in the financial statements as income tax expense .

Note 5 - Earnings Per Share

Note 5 - Earnings Per Share	6 Months Ended
	Sep. 30, 2017
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: Six Months Ended September 30, 2017 2016 Numerator $ 153,468 $ 77,886 Denominators: Basic shares outstanding 910,239 906,720 Effect of dilutive securities 7,602 4,136 Dilutive shares outstanding 917,841 910,856 Earnings per share: Basic $ 0.17 $ 0.09 Dilutive $ 0.17 $ 0.09

Note 6 - Termination of Regulat

Note 6 - Termination of Regulatory Agreement	6 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	( 6 Termination of Regulatory Agreement On September 27, 2017, OCC”) terminated the formal written agreement dated November 21, 2012 September 30, 2017, no

Note 7 - Recent Accounting Pron

Note 7 - Recent Accounting Pronouncements	6 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	( 7 Recent Accounting Pronouncements In August 2017, 2017 12: 815 2017 December 15, 2018, 2017 April 1, 2019. 2017 12 In Ma y 2017, 2017 09: 718 1 2 718, 718. not not In March 2017, 2017 08: —Nonrefundable Fees and Other Costs (Subtopic 310 20 December 15, 2018. not not Also in March 2017, 2017 07: —Retirement Benefits (Topic 715 715, may December 15, 2017, not 2017. not In January 2017, 2017 03: ons (Topic 250 323 September 22, 2016 November 17, 2016 not Also in January 2017, 2017 01: 805 nts in this update clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The amendments in this update affect all reporting entities that must determine whether they have acquired or sold a business. Public business entities should apply the amendments in this update to annual periods beginning after December 15, 2017, not In December 2016, 2016 20; s to Topic 606, No. 2014 09 not not Also in December 2016, 2016 19: update represent changes to make corrections or improvements to the Codification that are not not In November 2016, 2016 18: 230 the classification and presentation of changes in restricted cash on the statement of cash flows under Topic 230. 230. not In August 2016, 2016 15: ash Flows (Topic 230 230, eight zero not 230. December 15, 2017, not In June 2016, U 2016 13: 326 326 326 326 not not December 15, 2019. In May 2016, 2016 12: 606 row-scope improvements to the guidance on collectability, noncash consideration, and completed contracts at transition. Additionally, the amendments in this update provide a practical expedient for contract modifications at transition and an accounting policy election related to the presentation of sales taxes and other similar taxes collected from customers. The amendments in this update affect the guidance in Accounting Standards Update No, 2014 09, 606 not not In April 2016, 2016 10: 606 ns and Licensing. The amendments in this update clarify the following two 606: not 606. as 606. not In March 2016, 2016 09: —Stock Compensation (Topic 718 718 No, 123 2004 December 15, 2016, not Also in March 2016, 2016 08: 606 mendments in this update clarify the implementation guidance included in Topic 606 606. not Also in March 2016, 2016 07: – Equity Method and Joint Ventures (Topic 323 323 December 15, 2016. not Also in March 2016, 2016 05: 815 Hedge Accounting Relationships. The term novation refers to replacing one 815, not, -designation of that hedging relationship provided that all other hedge accounting criteria continue to be met. For public business entities, the amendments in this update are effective for financial statements issued for fiscal years beginning after December 15, 2016, not Also in March 2016, 2016 04: — Extinguishments of Liabilities (Subtopic 405 20 third 405 20 -recognition guidance for both financial liabilities and nonfinancial liabilities, and Topic 606. 405 20 606, December 15, 2017, not

Note 8 - Fair Value of Financia

Note 8 - Fair Value of Financial Instruments	6 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Fair Value, Measurement Inputs, Disclosure [Text Block]	( 8 Fair Value of Financial Instruments ASC Topic 820 10 Topic 820 not 820 10 not ASC Topic 820 n techniques used to measure fair value into three ● Level 1 Level 1 unadjusted quoted prices in active markets for identical assets or liabilities. ● Level 2 Level 2 1 2 not le inputs other than quoted prices such as interest rates. ● Level 3 Level 3 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) September 30, 2017 Available-for-sale securities $ − $ 2,086 $ − March 31, 2017 Available-for-sale securities $ − $ 2,595 $ − Assets and liabilities measured at fair value on a non-recurring basis at September 30, 2017 March 31, 2017 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) September 30, 2017 Impaired loans $ − $ − $ 3,573 Real estate owned − − 1,461 Total $ − $ − $ 5,034 March 31, 2017 Impaired loans $ − $ − $ 4,883 Real estate owned − − 1,271 Total $ − $ − $ 6,154 The fair value of impaired loans and real estate owned is generally based on recent real estate appraisals. These appraisals may A fina ncial 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, September 30, 201 7 March 31, 2017 September 30, 2017 Carrying Amount Level 1 Level 2 Level 3 (Dollars in Thousands) Financial Assets: Cash and cash equivalents $ 8,974 $ 8,974 $ − $ − Investment securities -available for sale 2,074 − 2,086 − Investment securities-held to maturity 21,957 − 21,419 − Loans – net 83,899 − − 83,270 FHLB stock 102 102 − − Accrued interest receivable 389 389 − − Bank –owned life insurance 179 179 − − Real Estate Owned 1,461 − − 1,461 Total financial assets $ 119,035 $ 9,644 $ 23,505 $ 84,731 Financial Liabilities: Deposits -non-interest bearing $ 10,255 $ 10,255 $ − $ − Deposits-interest bearing 101,711 − 100,367 − Advance payments by borrowers for taxes and insurance 504 504 − − Accrued interest payable 6 6 − − Total financial liabilities $ 112,476 $ 10,765 $ 100,367 $ − March 31, 2017 Carrying Amount Level 1 Level 2 Level 3 (Dollars in Thousands) Financial Assets: Cash and cash equivalents $ 6,999 $ 6,999 $ − $ − Investment securities-available for sale 2,589 − 2,595 − Investment securities-held to maturity 22,623 − 21,798 − Loans receivable, – net 84,414 − − 83,833 FHLB stock 124 124 − − Accrued interest receivable 378 378 − − Bank-owned life insurance 179 179 − − Real estate owned 1,271 − − 1,271 Total financial assets $ 118,577 $ 7,680 $ 24,393 $ 85,104 Financial Liabilities: Deposits-non-interest bearing $ 11,704 $ 11,704 $ − $ − Deposits-interest bearing 100,377 − 99,183 − Advance payments by borrowers for taxes and insurance 500 500 − − Accrued interest payable 6 6 − − Total financial liabilities $ 112,587 $ 12,210 $ 99,183 $ − 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. September 30, 2017 March 31, 2017 Contract Value Estimated Fair Value Contract Value Estimated Fair Value Off-balance sheet instruments Commitments to extend credit $ 5,580 $ − $ 6,620 $ −

Note 9 - Loans

Note 9 - Loans	6 Months Ended
	Sep. 30, 2017
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 four ’s market area. The Bank has originated one four 80% 30 30 may Commercial real estate loans are generally originated in amounts up to the lower of 80% ouses, 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 7 25 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 gener ally 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 Consumer loans include installment loans and home equity loans, secured by first second odations secured by either a first second 80% Loans at September 30, 2017 March 31, 2017 Septemb er 30, March 31, 2017 2017 Residential (one-to four-family) real estate $ 61,019 $ 61,419 Multi-family and commercial real estate 11,634 12,071 Commercial 2,493 1,858 Home equity 8,695 8,812 Consumer 676 637 Construction 446 680 Total loans 84,963 85,477 Net deferred loan origination fees (54 ) (62 ) Allowance for loan losses (1,010 ) (1,001 ) Loans, net $ 83,899 $ 84,414 The Bank is subject to a loans-to- one 15% September 30, 2017, one $1.9 10% $1.3 million, which may September 30, 2017, no one one 15% 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 not 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 Assets classified as “ loss” are those considered uncollectible or of little value, even though a collection effort may Non-Performing Loans Non-performing loans consist of non-accrual loans (loans on which the accrual of interest has ceased), loans over ninety 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 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 As of September 30, 2017, six $861 . The following table represents loans by credit quality indicator at September 30, 2017 ( Pass Special Mention Loans Classified Loans Non- Performing Loans Total Residential real estate $ 58,749 $ − $ − $ 2,270 $ 61,019 Multi-family and commercial real estate 10,637 − 88 909 11,634 Commercial 2,210 − 166 117 2,493 Home equity 8,470 − − 225 8,695 Consumer 676 − − − 676 Construction 394 − − 52 446 $ 81,136 $ − $ 254 $ 3,573 $ 84,963 The following table represents past-due loans as of September 30, 2017 ( 30-59 Days Past 60- 89 Days Past Greater than 90 Days Past Total Past Total Loan Due Due Due Due Current Balances Residential real estate $ 96 $ 418 $ 1,244 $ 1,758 $ 59,261 $ 61,019 Multi-family and commercial real estate 405 484 589 1,478 10,156 11,634 Commercial 34 − 117 151 2,342 2,493 Home Equity − 25 − 25 8,670 8,695 Consumer − 25 − 25 651 676 Construction − − − − 446 446 Total Loans 535 952 1,950 3,437 81,526 84,963 Percentage of Total Loans 0.63 % 1.12 % 2.30 % 4.05 % 95.95 % 100.00 % Impaired loans are measured based on the present value of expected future discounted cash flows, the fair value of the loa n 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 September 30, 2017, 14 $2.1 17 $3.2 March 31, 2017. $4.4 six September 30, 2017 $5.1 March 31, 2017, six September 30, 2017 $79 $173 March 31, 2017. The following table represents data on impaired loans at Sep tember 30, 2017 March 31, 2017 ( September 30, 2017 March 31, 2017 Impaired loans for which a valuation allowance has been provided $ − $ − Impaired loans for which no valuation allowance has been provided $ 3,573 $ 4,883 Total loans determined to be impaired $ 3,573 $ 4,883 Allowance for loans losses related to impaired loans $ − $ − Average recorded investment in impaired loans $ 4,425 $ 5,225 Cash basis interest income recognized on impaired loans $ 79 $ 173 The following table presents impaired loans by portfolio class at September 30, 2017 ( 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 $ 1,985 $ 1,930 $ − $ 2,240 $ 37 Multi-family and commercial real estate 1,253 1,249 − 1,712 25 Commercial 117 117 − 144 5 Home equity 225 225 − 272 11 Consumer − − − − Construction 57 52 − 57 1 Total $ 3,637 $ 3,573 $ − $ 4,425 $ 79 The following table presents impaired loans by portfolio class at March 31, 2017 ( 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 $ 2,289 $ 2,239 $ − $ 2,711 $ 60 Multi-family and commercial real estate 2,162 2,141 − 2,060 94 Commercial 171 171 − 153 9 Home equity 283 279 − 242 7 Consumer − − − 1 − Construction 58 53 − 58 3 Subtotal $ 4,963 $ 4,883 $ − $ 5,225 $ 173 The following table represents nonaccrual loans as of September 30, 2017 March 31, 2017 ( September 30, 201 7 March 31, 201 7 Non-accrual loans: Residential real estate $ 1,256 $ 1,180 Multi-family and commercial real estate 250 506 Commercial 117 172 Consumer − − Home equity − 53 Construction − − Total non-accrual loans 1,623 1,911 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 $ 328 $ 740 Multi-family and commercial real estate 186 425 Commercial − − Consumer − − Home Equity − 131 Construction − − Total troubled debt restructurings in non-accrual status 514 1,296 Performing under modified terms: Residential real estate 686 693 Multi-family and commercial real estate 473 240 Commercial − − Consumer − − Home Equity 225 95 Construction 52 52 Total troubled debt restructurings performing under modified terms: 1,436 1,080 Total troubled debt restructurings 1,950 2,376 Total non-performing loans 3,573 4,287 Real estate owned 1,461 1,271 Total non-performing assets 5,034 5,558 Non-performing loans as a percentage of loans 4.21 % 5.02 % Non-performing assets as a percentage of loans and real estate owned 5.82 % 6.41 % Non-performing assets as percentage of total assets 3.96 % 4.38 % During the six September 30, 2017, $1.1 This change reflects one $239 one $54 two $184 one $253 $50 one one $410 $7 . These decreases were offset by the downgrading of one $112 six September 30, 2017. one $112 The following table presents troubled debt restructurings that occurred during the perio ds ended September 30, 2017 March 31, 2017 6 12 September 30, 2017 March 31, 2017 Outstanding Recorded Investment Outstanding Recorded Investment Number of Contracts Pre- Modification Post- Modification Number of Contracts Pre- Modification Post- Modification Troubled debt restructurings: Residential real estate − − − 1 $ 77 $ 96 Number of Contracts Recorded Investment Number of Contracts 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 September 30, 2017 March 31, 2017: September 30, March 31, 2017 2017 Balance, beginning of period $ 1,271 $ 1,763 Additions from loan foreclosures 410 500 Additions from capitalized costs − 26 Dispositions of REO (193 ) (922 ) Gain (loss) on sale of REO 24 (34 ) Valuation adjustments in the period (51 ) (62 ) Balance, end of period $ 1,461 $ 1,271 The following table presents the changes in fair value adjustments to REO for the periods ended September 30, 2017 March 31, 2017: September 30, March 31, 2017 2017 Balance, beginning of period $ 104 $ 227 Valuation adjustments added in the period 80 62 Valuation adjustments on disposed properties during the period (29 ) (185 ) Balance, end of period $ 155 $ 104 The following table sets forth with respect to the Bank’s allowance for losses on loans (dollars in thousands): September 30, 2017 March 31, 2017 Balance at beginning of period $ 1,001 $ 1,099 Provision: Commercial − (45 ) Commercial real estate 21 (61 ) Residential real estate (70 ) 98 Home Equity (35 ) 29 Consumer (1 ) (45 ) Construction − 2 Total Provision (85 ) (22 ) Charge-Offs: Commercial − − Commercial Real Estate 50 71 Residential real estate − 102 Home Equity − 42 Consumer − − Recoveries (144 ) (139 ) Total Net Charge-Offs (94 ) 76 Balance at end of period $ 1,010 $ 1,001 Period-end loans outstanding $ 84,963 $ 85,477 Average loans outstanding $ 84,793 $ 84,426 Allowance as a percentage of period-end loans 1.19 % 1.17 % Net charge-offs as a percentage of average loans (0.11 %) 0.09 % Additional details for changes in the allowance for loan by loan portfolio as of September 30, 2017 Allowance for Loan Losses Commercial Commercial Real Estate Residential Real Estate Home Equity Consumer Construction Total Balance, beginning of year 64 274 575 74 12 2 1,001 Loan charge-offs − (50 ) − − − − (50 ) Recoveries 1 31 71 35 6 − 144 Provision for loan losses − 21 (70 ) (35 ) (1 ) − (85 ) Balance, end of period 65 276 576 74 17 2 1,010 Ending balance for loans individually evaluated for impairment 186 808 2,036 459 − 52 3,541 Ending balance for loans collectively evaluated for impairment 2,307 10,826 58,983 8,236 676 394 81,422 Loans receivable: Ending balance 2,493 11,634 61,019 8,695 676 446 84,963 Ending balance: loans individually evaluated for impairment 186 808 2,036 459 − 52 3,541 Ending balance: loans collectively evaluated for impairment 2,307 10,826 58,983 8,236 676 394 81,422 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 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 six September 30, 2017, one one $50 as compared to one one $40 three $175 March 31, 2017. At September 30, 2017, 1.19% outstanding. Non-performing assets have decreased by $524 March 31, 2017, 3.96% September 30, 2017 4.38% March 31, 2017. The Bank ’s charge-off policy states that any asset classified loss shall be charged-off within thirty may

Note 10 - Investment Securities

Note 10 - Investment Securities	6 Months Ended
	Sep. 30, 2017
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 September 30, 2017 March 31, 2017 Held-to-Maturity September 30, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in Thousands) U.S. Government Agency Bonds $ 19,918 $ − $ (574 ) $ 19,344 Municipal Bond 1,446 − (1 ) 1,445 Mortgage-Ba cked Securities 593 53 (16 ) 630 Total $ 21,957 $ 53 $ (591 ) $ 21,419 Held-to-Maturity March 31, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in Thousands) U.S. Government Agency Bonds $ 20,418 $ − $ (865 ) $ 19,553 Municipal Bond 1,536 − (3 ) 1,533 Mortgage-backed securities: 669 58 (15 ) 712 Total $ 22,623 $ 58 $ (883 ) $ 21,798 Available for Sale September 30, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Certificate of deposit 2,000 12 − 2,012 Mutual Fund Shares 74 − − 74 $ 2,074 $ 12 $ − $ 2,086 Available-for-Sale March 31, 2017 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value U.S .Government Agency Bonds $ 500 $ − $ − $ 500 Certificates of Deposit 2,000 8 − 2,008 Mutual Fund Shares 89 − (2 ) 87 Total $ 2,589 $ 8 $ (2 ) $ 2,595 The following is a summary of maturities of securities held-to-maturity and available-for-sale as of September 30, 2017 March 31, 2017: September 30, 2017 Held to Maturity Available for Sale (Dollars in Thousands) Amortized Cost Fair Value Amortized Cost Fair Value Amounts maturing in: One year or less $ 1,446 $ 1,445 $ − $ − After one year through five years 500 497 2,000 2,012 After five years through ten years 8,046 7,854 − − After ten years 11,965 11,623 − − Equity securities − − 74 74 $ 21,957 $ 21,419 $ 2,074 $ 2,086 March 31, 2017 Held to Maturity Available for Sale (Dollars in Thousands) Amortized Cost Fair Value Amortized Cost Fair Value Amounts maturing in: One year or less $ 1,536 $ 1,534 $ − $ − After one year through five years 500 497 − − After five years through ten years 8,573 8,292 2,000 2,008 After ten years 12,014 11,475 500 500 Equity securities − − 89 87 $ 22,623 $ 21,798 $ 2,589 $ 2,595 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 Information pertaining to securities with gross unrealized losses at September 30, 2017 March 31, 2017, have been in a continuous loss position, follows: Continuous Unrealized Continuous Unrealized Losses Existing For Losses Existing For Less Than 12 Months 12 Months or Greater Total Fair Unrealized Fair Unrealized Fair Unrealized S eptember 30, 2017 Value Losses Value Losses Value Losses U.S. government Agency Bonds 7,585 (101 ) 11,775 (473 ) 19,360 (574 ) Municipal Bonds 1,445 (1 ) − − 1,445 (1 ) Mortgage Backed Securities − − 381 (16 ) 381 (16 ) Total 9,030 (102 ) 12,156 (489 ) 21,186 (591 ) Continuous Unrealized Continuous Unrealized Losses Existing For Losses Existing For Less Than 12 Months 12 Months or Greater Total Fair Unrealized Fair Unrealized Fair Unrealized M arch 31, 2017 Value Losses Value Losses Value Losses U.S Government Agency Bonds $ 19,553 $ (864 ) $ − $ − $ 19,553 $ (864 ) Certificates of deposit 249 (1 ) − − 249 (1 ) Municipal Bonds 1,536 (3 ) − − 1,536 (3 ) Mutual fund shares − − 87 (2 ) 87 (2 ) Mortgage –Backed Securities: − − 216 (15 ) 216 (15 ) Total 21,338 (868 ) 303 (17 ) 21,641 (885 ) Management evaluates securities for ot her-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 2 3 At September 30, 2017, 42 2.7% ’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

Note 11 - Subsequent Event

Note 11 - Subsequent Event	6 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	( 11 Subsequent Event On October 18, 2017, rst Bank entered into an Agreement and Plan of Reorganization which provides for the acquisition of the Company by First Bank (the “Merger”) pursuant to the merger of the Company with and into a to-be-formed subsidiary of First Bank (“Merger Sub”) with Merger Sub as the surviving corporation. Simultaneously upon the completion of the Merger, the Bank will merge with and into First Bank. At the effective time of the Merger, the outstanding shares of capital stock of the Company will be converted into the right to receive 1.11 first 2018,

Note 5 - Earnings Per Share (Ta

Note 5 - Earnings Per Share (Tables)	6 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Six Months Ended September 30, 2017 2016 Numerator $ 153,468 $ 77,886 Denominators: Basic shares outstanding 910,239 906,720 Effect of dilutive securities 7,602 4,136 Dilutive shares outstanding 917,841 910,856 Earnings per share: Basic $ 0.17 $ 0.09 Dilutive $ 0.17 $ 0.09

Note 8 - Fair Value of Financ21

Note 8 - Fair Value of Financial Instruments (Tables)	6 Months Ended
	Sep. 30, 2017
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) September 30, 2017 Available-for-sale securities $ − $ 2,086 $ − March 31, 2017 Available-for-sale securities $ − $ 2,595 $ −
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) September 30, 2017 Impaired loans $ − $ − $ 3,573 Real estate owned − − 1,461 Total $ − $ − $ 5,034 March 31, 2017 Impaired loans $ − $ − $ 4,883 Real estate owned − − 1,271 Total $ − $ − $ 6,154
Fair Value, by Balance Sheet Grouping [Table Text Block]	September 30, 2017 Carrying Amount Level 1 Level 2 Level 3 (Dollars in Thousands) Financial Assets: Cash and cash equivalents $ 8,974 $ 8,974 $ − $ − Investment securities -available for sale 2,074 − 2,086 − Investment securities-held to maturity 21,957 − 21,419 − Loans – net 83,899 − − 83,270 FHLB stock 102 102 − − Accrued interest receivable 389 389 − − Bank –owned life insurance 179 179 − − Real Estate Owned 1,461 − − 1,461 Total financial assets $ 119,035 $ 9,644 $ 23,505 $ 84,731 Financial Liabilities: Deposits -non-interest bearing $ 10,255 $ 10,255 $ − $ − Deposits-interest bearing 101,711 − 100,367 − Advance payments by borrowers for taxes and insurance 504 504 − − Accrued interest payable 6 6 − − Total financial liabilities $ 112,476 $ 10,765 $ 100,367 $ − March 31, 2017 Carrying Amount Level 1 Level 2 Level 3 (Dollars in Thousands) Financial Assets: Cash and cash equivalents $ 6,999 $ 6,999 $ − $ − Investment securities-available for sale 2,589 − 2,595 − Investment securities-held to maturity 22,623 − 21,798 − Loans receivable, – net 84,414 − − 83,833 FHLB stock 124 124 − − Accrued interest receivable 378 378 − − Bank-owned life insurance 179 179 − − Real estate owned 1,271 − − 1,271 Total financial assets $ 118,577 $ 7,680 $ 24,393 $ 85,104 Financial Liabilities: Deposits-non-interest bearing $ 11,704 $ 11,704 $ − $ − Deposits-interest bearing 100,377 − 99,183 − Advance payments by borrowers for taxes and insurance 500 500 − − Accrued interest payable 6 6 − − Total financial liabilities $ 112,587 $ 12,210 $ 99,183 $ −
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]	September 30, 2017 March 31, 2017 Contract Value Estimated Fair Value Contract Value Estimated Fair Value Off-balance sheet instruments Commitments to extend credit $ 5,580 $ − $ 6,620 $ −

Note 9 - Loans (Tables)

Note 9 - Loans (Tables)	6 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Septemb er 30, March 31, 2017 2017 Residential (one-to four-family) real estate $ 61,019 $ 61,419 Multi-family and commercial real estate 11,634 12,071 Commercial 2,493 1,858 Home equity 8,695 8,812 Consumer 676 637 Construction 446 680 Total loans 84,963 85,477 Net deferred loan origination fees (54 ) (62 ) Allowance for loan losses (1,010 ) (1,001 ) Loans, net $ 83,899 $ 84,414
Financing Receivable Credit Quality Indicators [Table Text Block]	Pass Special Mention Loans Classified Loans Non- Performing Loans Total Residential real estate $ 58,749 $ − $ − $ 2,270 $ 61,019 Multi-family and commercial real estate 10,637 − 88 909 11,634 Commercial 2,210 − 166 117 2,493 Home equity 8,470 − − 225 8,695 Consumer 676 − − − 676 Construction 394 − − 52 446 $ 81,136 $ − $ 254 $ 3,573 $ 84,963
Past Due Financing Receivables [Table Text Block]	30-59 Days Past 60- 89 Days Past Greater than 90 Days Past Total Past Total Loan Due Due Due Due Current Balances Residential real estate $ 96 $ 418 $ 1,244 $ 1,758 $ 59,261 $ 61,019 Multi-family and commercial real estate 405 484 589 1,478 10,156 11,634 Commercial 34 − 117 151 2,342 2,493 Home Equity − 25 − 25 8,670 8,695 Consumer − 25 − 25 651 676 Construction − − − − 446 446 Total Loans 535 952 1,950 3,437 81,526 84,963 Percentage of Total Loans 0.63 % 1.12 % 2.30 % 4.05 % 95.95 % 100.00 %
Impaired Financing Receivables [Table Text Block]	September 30, 2017 March 31, 2017 Impaired loans for which a valuation allowance has been provided $ − $ − Impaired loans for which no valuation allowance has been provided $ 3,573 $ 4,883 Total loans determined to be impaired $ 3,573 $ 4,883 Allowance for loans losses related to impaired loans $ − $ − Average recorded investment in impaired loans $ 4,425 $ 5,225 Cash basis interest income recognized on impaired loans $ 79 $ 173
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 Statues Impaired loans with no valuation allowance: Residential real estate $ 1,985 $ 1,930 $ − $ 2,240 $ 37 Multi-family and commercial real estate 1,253 1,249 − 1,712 25 Commercial 117 117 − 144 5 Home equity 225 225 − 272 11 Consumer − − − − Construction 57 52 − 57 1 Total $ 3,637 $ 3,573 $ − $ 4,425 $ 79 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 $ 2,289 $ 2,239 $ − $ 2,711 $ 60 Multi-family and commercial real estate 2,162 2,141 − 2,060 94 Commercial 171 171 − 153 9 Home equity 283 279 − 242 7 Consumer − − − 1 − Construction 58 53 − 58 3 Subtotal $ 4,963 $ 4,883 $ − $ 5,225 $ 173
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	September 30, 201 7 March 31, 201 7 Non-accrual loans: Residential real estate $ 1,256 $ 1,180 Multi-family and commercial real estate 250 506 Commercial 117 172 Consumer − − Home equity − 53 Construction − − Total non-accrual loans 1,623 1,911 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 $ 328 $ 740 Multi-family and commercial real estate 186 425 Commercial − − Consumer − − Home Equity − 131 Construction − − Total troubled debt restructurings in non-accrual status 514 1,296 Performing under modified terms: Residential real estate 686 693 Multi-family and commercial real estate 473 240 Commercial − − Consumer − − Home Equity 225 95 Construction 52 52 Total troubled debt restructurings performing under modified terms: 1,436 1,080 Total troubled debt restructurings 1,950 2,376 Total non-performing loans 3,573 4,287 Real estate owned 1,461 1,271 Total non-performing assets 5,034 5,558 Non-performing loans as a percentage of loans 4.21 % 5.02 % Non-performing assets as a percentage of loans and real estate owned 5.82 % 6.41 % Non-performing assets as percentage of total assets 3.96 % 4.38 %
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	September 30, 2017 March 31, 2017 Outstanding Recorded Investment Outstanding Recorded Investment Number of Contracts Pre- Modification Post- Modification Number of Contracts Pre- Modification Post- Modification Troubled debt restructurings: Residential real estate − − − 1 $ 77 $ 96
Schedule of Debtor Troubled Debt Restructuring, Subsequent Periods [Table Text Block]	Number of Contracts Recorded Investment Number of Contracts Recorded Investment Troubled debt restructurings that subsequently defaulted: Residential real estate − − − − −
Real Estate Owned [Table Text Block]	September 30, March 31, 2017 2017 Balance, beginning of period $ 1,271 $ 1,763 Additions from loan foreclosures 410 500 Additions from capitalized costs − 26 Dispositions of REO (193 ) (922 ) Gain (loss) on sale of REO 24 (34 ) Valuation adjustments in the period (51 ) (62 ) Balance, end of period $ 1,461 $ 1,271 September 30, March 31, 2017 2017 Balance, beginning of period $ 104 $ 227 Valuation adjustments added in the period 80 62 Valuation adjustments on disposed properties during the period (29 ) (185 ) Balance, end of period $ 155 $ 104
Schedule of Charge-offs [Table Text Block]	September 30, 2017 March 31, 2017 Balance at beginning of period $ 1,001 $ 1,099 Provision: Commercial − (45 ) Commercial real estate 21 (61 ) Residential real estate (70 ) 98 Home Equity (35 ) 29 Consumer (1 ) (45 ) Construction − 2 Total Provision (85 ) (22 ) Charge-Offs: Commercial − − Commercial Real Estate 50 71 Residential real estate − 102 Home Equity − 42 Consumer − − Recoveries (144 ) (139 ) Total Net Charge-Offs (94 ) 76 Balance at end of period $ 1,010 $ 1,001 Period-end loans outstanding $ 84,963 $ 85,477 Average loans outstanding $ 84,793 $ 84,426 Allowance as a percentage of period-end loans 1.19 % 1.17 % Net charge-offs as a percentage of average loans (0.11 %) 0.09 %
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 64 274 575 74 12 2 1,001 Loan charge-offs − (50 ) − − − − (50 ) Recoveries 1 31 71 35 6 − 144 Provision for loan losses − 21 (70 ) (35 ) (1 ) − (85 ) Balance, end of period 65 276 576 74 17 2 1,010 Ending balance for loans individually evaluated for impairment 186 808 2,036 459 − 52 3,541 Ending balance for loans collectively evaluated for impairment 2,307 10,826 58,983 8,236 676 394 81,422 Loans receivable: Ending balance 2,493 11,634 61,019 8,695 676 446 84,963 Ending balance: loans individually evaluated for impairment 186 808 2,036 459 − 52 3,541 Ending balance: loans collectively evaluated for impairment 2,307 10,826 58,983 8,236 676 394 81,422

Note 10 - Investment Securiti23

Note 10 - Investment Securities (Tables)	6 Months Ended
	Sep. 30, 2017
Notes Tables
Held-to-maturity Securities [Table Text Block]	Held-to-Maturity September 30, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in Thousands) U.S. Government Agency Bonds $ 19,918 $ − $ (574 ) $ 19,344 Municipal Bond 1,446 − (1 ) 1,445 Mortgage-Ba cked Securities 593 53 (16 ) 630 Total $ 21,957 $ 53 $ (591 ) $ 21,419 Held-to-Maturity March 31, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in Thousands) U.S. Government Agency Bonds $ 20,418 $ − $ (865 ) $ 19,553 Municipal Bond 1,536 − (3 ) 1,533 Mortgage-backed securities: 669 58 (15 ) 712 Total $ 22,623 $ 58 $ (883 ) $ 21,798
Available-for-sale Securities [Table Text Block]	Available for Sale September 30, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Certificate of deposit 2,000 12 − 2,012 Mutual Fund Shares 74 − − 74 $ 2,074 $ 12 $ − $ 2,086 Available-for-Sale March 31, 2017 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value U.S .Government Agency Bonds $ 500 $ − $ − $ 500 Certificates of Deposit 2,000 8 − 2,008 Mutual Fund Shares 89 − (2 ) 87 Total $ 2,589 $ 8 $ (2 ) $ 2,595
Investments Classified by Contractual Maturity Date [Table Text Block]	September 30, 2017 Held to Maturity Available for Sale (Dollars in Thousands) Amortized Cost Fair Value Amortized Cost Fair Value Amounts maturing in: One year or less $ 1,446 $ 1,445 $ − $ − After one year through five years 500 497 2,000 2,012 After five years through ten years 8,046 7,854 − − After ten years 11,965 11,623 − − Equity securities − − 74 74 $ 21,957 $ 21,419 $ 2,074 $ 2,086 March 31, 2017 Held to Maturity Available for Sale (Dollars in Thousands) Amortized Cost Fair Value Amortized Cost Fair Value Amounts maturing in: One year or less $ 1,536 $ 1,534 $ − $ − After one year through five years 500 497 − − After five years through ten years 8,573 8,292 2,000 2,008 After ten years 12,014 11,475 500 500 Equity securities − − 89 87 $ 22,623 $ 21,798 $ 2,589 $ 2,595
Schedule of Unrealized Loss on Investments [Table Text Block]	Continuous Unrealized Continuous Unrealized Losses Existing For Losses Existing For Less Than 12 Months 12 Months or Greater Total Fair Unrealized Fair Unrealized Fair Unrealized S eptember 30, 2017 Value Losses Value Losses Value Losses U.S. government Agency Bonds 7,585 (101 ) 11,775 (473 ) 19,360 (574 ) Municipal Bonds 1,445 (1 ) − − 1,445 (1 ) Mortgage Backed Securities − − 381 (16 ) 381 (16 ) Total 9,030 (102 ) 12,156 (489 ) 21,186 (591 ) Continuous Unrealized Continuous Unrealized Losses Existing For Losses Existing For Less Than 12 Months 12 Months or Greater Total Fair Unrealized Fair Unrealized Fair Unrealized M arch 31, 2017 Value Losses Value Losses Value Losses U.S Government Agency Bonds $ 19,553 $ (864 ) $ − $ − $ 19,553 $ (864 ) Certificates of deposit 249 (1 ) − − 249 (1 ) Municipal Bonds 1,536 (3 ) − − 1,536 (3 ) Mutual fund shares − − 87 (2 ) 87 (2 ) Mortgage –Backed Securities: − − 216 (15 ) 216 (15 ) Total 21,338 (868 ) 303 (17 ) 21,641 (885 )

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual)	Oct. 16, 2013USD ($)shares
Stock Issued During Period, Shares, New Issues | 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)	Sep. 30, 2017
GAAP Capital Ratio, Basis Points in Excess of Tier 1 Regulatory Capital Ratio	125.00%

Note 4 - Income Taxes (Details

Note 4 - Income Taxes (Details Textual) $ in Thousands	6 Months Ended
	Sep. 30, 2017USD ($)
Liability for Uncertainty in Income Taxes, Current	$ 0
Earliest Tax Year [Member] | Federal and State Jurisdiction [Member]
Open Tax Year	2,014
Latest Tax Year [Member] | Federal and State Jurisdiction [Member]
Open Tax Year	2,016

Note 5 - Earnings Per Share - E

Note 5 - Earnings Per Share - Earnings Per Share Reconciliation (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Numerator	$ 97,548	$ 18,069	$ 153,468	$ 77,886
Denominators:
Basic shares outstanding (in shares)			910,239	906,720
Effect of dilutive securities (in shares)			7,602	4,136
Dilutive shares outstanding (in shares)			917,841	910,856
Earnings per share:
Basic (in dollars per share)			$ 0.17	$ 0.09
Dilutive (in dollars per share)			$ 0.17	$ 0.09

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 ($)	Sep. 30, 2017	Mar. 31, 2017
Available-for-sale securities	$ 2,086,322	$ 2,594,888
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	2,086,000	2,595,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities

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] - USD ($) $ in Thousands	Sep. 30, 2017	Mar. 31, 2017
Fair Value, Inputs, Level 1 [Member]
Total
Fair Value, Inputs, Level 2 [Member]
Total
Fair Value, Inputs, Level 3 [Member]
Total	5,034	6,154
Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member]
Impaired loans
Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member]
Impaired loans
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member]
Impaired loans	3,573	4,883
Real Estate Owned [Member] | Fair Value, Inputs, Level 1 [Member]
Real estate owned
Real Estate Owned [Member] | Fair Value, Inputs, Level 2 [Member]
Real estate owned
Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member]
Real estate owned	$ 1,461	$ 1,271

Note 8 - Fair Value of Financ30

Note 8 - Fair Value of Financial Instruments - Estimated Fair Value of Assets and Liabilities (Details) - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Financial Assets:
Investment securities-available for sale	$ 2,086,322	$ 2,594,888
Investment securities-held to maturity	21,418,582	21,797,695
Accrued interest receivable	389,247	378,243
Bank-owned life insurance	178,514	178,514
Financial Liabilities:
Advance payments by borrowers for taxes and insurance	504,348	500,485
Reported Value Measurement [Member]
Financial Assets:
Cash and cash equivalents	8,974,000	6,999,000
Investment securities-available for sale	2,074,000	2,589,000
Investment securities-held to maturity	21,957,000	22,623,000
Impaired loans	83,899,000	84,414,000
FHLB stock	102,000	124,000
Accrued interest receivable	389,000	378,000
Bank-owned life insurance	179,000	179,000
Real Estate Owned	1,461,000	1,271,000
Total financial assets	119,035,000	118,577,000
Loans receivable,– net	83,899,000	84,414,000
Financial Liabilities:
Deposits-non-interest bearing	10,255,000	11,704,000
Deposits-interest bearing	101,711,000	100,377,000
Advance payments by borrowers for taxes and insurance	504,000	500,000
Accrued interest payable	6,000	6,000
Total financial liabilities	112,476,000	112,587,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Financial Assets:
Cash and cash equivalents	8,974,000	6,999,000
Investment securities-available for sale
Investment securities-held to maturity
Impaired loans
FHLB stock	102,000	124,000
Accrued interest receivable	389,000	378,000
Bank-owned life insurance	179,000	179,000
Real Estate Owned
Total financial assets	9,644,000	7,680,000
Loans receivable,– net
Financial Liabilities:
Deposits-non-interest bearing	10,255,000	11,704,000
Deposits-interest bearing
Advance payments by borrowers for taxes and insurance	504,000	500,000
Accrued interest payable	6,000	6,000
Total financial liabilities	10,765,000	12,210,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Financial Assets:
Cash and cash equivalents
Investment securities-available for sale	2,086,000	2,595,000
Investment securities-held to maturity	21,419,000	21,798,000
Impaired loans
FHLB stock
Accrued interest receivable
Bank-owned life insurance
Real Estate Owned
Total financial assets	23,505,000	24,393,000
Loans receivable,– net
Financial Liabilities:
Deposits-non-interest bearing
Deposits-interest bearing	100,367,000	99,183,000
Advance payments by borrowers for taxes and insurance
Accrued interest payable
Total financial liabilities	100,367,000	99,183,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Financial Assets:
Cash and cash equivalents
Investment securities-available for sale
Investment securities-held to maturity
Impaired loans	83,270,000	83,833,000
FHLB stock
Real Estate Owned	1,461,000	1,271,000
Total financial assets	84,731,000	85,104,000
Loans receivable,– net	83,270,000	83,833,000
Financial Liabilities:
Deposits-non-interest bearing
Deposits-interest bearing
Advance payments by borrowers for taxes and insurance
Total financial liabilities

Note 8 - Fair Value of Financ31

Note 8 - Fair Value of Financial Instruments - Off-balance Sheet Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Mar. 31, 2017
Commitments to Extend Credit [Member]
Commitments to extend credit	$ 5,580	$ 6,620

Note 9 - Loans (Details Textual

Note 9 - Loans (Details Textual) $ in Thousands	6 Months Ended	12 Months Ended
	Sep. 30, 2017USD ($)	Mar. 31, 2017USD ($)
Maximum Loan to One Borrower Limitation, Percentage of Capital Funds	15.00%
Maximum Loan to One Borrower Limitation	$ 1,900
Additional Loan to One Borrower Limitation if Collateralized, Percentage of Adjusted Capital Funds	10.00%
Adjusted Capital Funds Value	$ 1,300
Financing Receivable, Recorded Investment, Nonaccrual Status	1,623	$ 1,911
Impaired Financing Receivable, Average Recorded Investment	4,425	5,225
Impaired Financing Receivable, Interest Income, Cash Basis Method	79	173
Financing Receivable Nonaccrual, Downgraded from Accruing Status	112
Allowance for Loan and Lease Losses, Write-offs	$ 50
Allowance for Loan Loss to Loans Outstanding Ratio	1.19%
Increase (Decrease) in Non-performing Assets		$ (524)
Non-performing Assets As Percentage of Total Assets	3.96%	4.38%
Partial Charge-offs [Member]
Loans Receivables, Write Offs, Number of Relationships	1	3
Allowance for Loan and Lease Losses, Write-offs	$ 50	$ 175
Total Charge-offs [Member]
Loans Receivables, Write Offs, Number of Relationships		1
Allowance for Loan and Lease Losses, Write-offs		$ 40
Nonperforming Financial Instruments [Member] | Payment Deferral [Member]
Financing Receivable, Modifications, Number of Contracts	6
Advances from Federal Home Loan Banks	$ 861
In Non-accrual Status [Member]
Financing Receivable, Number of Contracts, Nonaccrual Status	14	17
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 2,100	$ 3,200
Increase (Decrease) in Finance Receivables	(1,100)
Proceeds from Collection of Loans Receivable	$ 7
Residential Portfolio Segment [Member]
Financing Receivable, Modifications, Number of Contracts		1
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 1,256	$ 1,180
Financing Receivable Nonaccrual Status, Transferred to Real Estate Owned	410
Financing Receivable Nonaccrual, Downgraded from Accruing Status	112
Allowance for Loan and Lease Losses, Write-offs	$ 0	102
Residential Portfolio Segment [Member] | Maximum [Member]
Loan Origination, Percentage of Appraised Value or Selling Price	80.00%
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]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 250	506
Financing Receivable Non-accrual, Returned to Accruing Status	239
Financing Receivable, Non-accrual Status, Sold During Period	253
Financing Receivable, Nonaccrual Status, Partial Charge-Offs	50,000
Allowance for Loan and Lease Losses, Write-offs	$ 50	71
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
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Nonaccrual Status
Allowance for Loan and Lease Losses, Write-offs	$ 0
Consumer Portfolio Segment [Member] | Maximum [Member]
Loan Origination, Percentage of Appraised Value or Selling Price	80.00%
Construction Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Nonaccrual Status
Allowance for Loan and Lease Losses, Write-offs	$ 0
Construction Portfolio Segment [Member] | Maximum [Member]
Loan Term	1 year
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 117	172
Financing Receivable Non-accrual, Returned to Accruing Status	54
Allowance for Loan and Lease Losses, Write-offs
Home Equity Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Nonaccrual Status		53
Financing Receivable Non-accrual, Returned to Accruing Status	184
Allowance for Loan and Lease Losses, Write-offs		$ 42

Note 9 - Loans - Loans (Details

Note 9 - Loans - Loans (Details) - USD ($)	Sep. 30, 2017	Mar. 31, 2017	Mar. 31, 2016
Loans	$ 84,963,000	$ 85,477,000
Net deferred loan origination fees	(54,000)	(62,000)
Allowance for loan losses	(1,010,552)	(1,001,449)	$ (1,099,000)
Loans, net	83,898,782	84,414,361
Residential Portfolio Segment [Member]
Loans	61,019,000	61,419,000
Allowance for loan losses	(576,000)	(575,000)
Commercial Real Estate Portfolio Segment [Member]
Loans	11,634,000	12,071,000
Allowance for loan losses	(276,000)	(274,000)
Commercial Portfolio Segment [Member]
Loans	2,493,000	1,858,000
Allowance for loan losses	(65,000)	(64,000)
Home Equity Portfolio Segment [Member]
Loans	8,695,000	8,812,000
Allowance for loan losses	(74,000)	(74,000)
Consumer Portfolio Segment [Member]
Loans	676,000	637,000
Allowance for loan losses	(17,000)	(12,000)
Construction Portfolio Segment [Member]
Loans	446,000	680,000
Allowance for loan losses	$ (2,000)	$ (2,000)

Note 9 - Loans - Loans by Credi

Note 9 - Loans - Loans by Credit Quality Indicator (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Mar. 31, 2017
Loans	$ 84,963	$ 85,477
Nonperforming Financial Instruments [Member]
Loans	3,573
Pass [Member]
Loans	81,136
Special Mention [Member]
Loans
Classified Loans [Member]
Loans	254
Residential Portfolio Segment [Member]
Loans	61,019	61,419
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Loans	2,270
Residential Portfolio Segment [Member] | Pass [Member]
Loans	58,749
Residential Portfolio Segment [Member] | Special Mention [Member]
Loans
Residential Portfolio Segment [Member] | Classified Loans [Member]
Loans
Commercial Real Estate Portfolio Segment [Member]
Loans	11,634	12,071
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Loans	909
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Loans	10,637
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Loans
Commercial Real Estate Portfolio Segment [Member] | Classified Loans [Member]
Loans	88
Commercial Portfolio Segment [Member]
Loans	2,493	1,858
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Loans	117
Commercial Portfolio Segment [Member] | Pass [Member]
Loans	2,210
Commercial Portfolio Segment [Member] | Special Mention [Member]
Loans
Commercial Portfolio Segment [Member] | Classified Loans [Member]
Loans	166
Home Equity Portfolio Segment [Member]
Loans	8,695	8,812
Home Equity Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Loans	225
Home Equity Portfolio Segment [Member] | Pass [Member]
Loans	8,470
Home Equity Portfolio Segment [Member] | Special Mention [Member]
Loans
Home Equity Portfolio Segment [Member] | Classified Loans [Member]
Loans
Consumer Portfolio Segment [Member]
Loans	676	637
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Loans
Consumer Portfolio Segment [Member] | Pass [Member]
Loans	676
Consumer Portfolio Segment [Member] | Special Mention [Member]
Loans
Consumer Portfolio Segment [Member] | Classified Loans [Member]
Loans
Construction Portfolio Segment [Member]
Loans	446	$ 680
Construction Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Loans	52
Construction Portfolio Segment [Member] | Pass [Member]
Loans	394
Construction Portfolio Segment [Member] | Special Mention [Member]
Loans
Construction Portfolio Segment [Member] | Classified Loans [Member]
Loans

Note 9 - Loans - Past Due Loans

Note 9 - Loans - Past Due Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Mar. 31, 2017
Past due loans	$ 3,437
Current loans	81,526
Loans	$ 84,963	$ 85,477
Percentage past due loans	4.05%
Percentage of current loans	95.95%
Percentage of Total Loans	100.00%
Residential Portfolio Segment [Member]
Past due loans	$ 1,758
Current loans	59,261
Loans	61,019	61,419
Commercial Real Estate Portfolio Segment [Member]
Past due loans	1,478
Current loans	10,156
Loans	11,634	12,071
Commercial Portfolio Segment [Member]
Past due loans	151
Current loans	2,342
Loans	2,493	1,858
Home Equity Portfolio Segment [Member]
Past due loans	25
Current loans	8,670
Loans	8,695	8,812
Consumer Portfolio Segment [Member]
Past due loans	25
Current loans	651
Loans	676	637
Construction Portfolio Segment [Member]
Current loans	446
Loans	446	$ 680
Financing Receivables, 30 to 59 Days Past Due [Member]
Past due loans	$ 535
Percentage past due loans	0.63%
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member]
Past due loans	$ 96
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Past due loans	405
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Past due loans	34
Financing Receivables, 30 to 59 Days Past Due [Member] | Home Equity Portfolio Segment [Member]
Past due loans
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Past due loans
Financing Receivables, 60 to 89 Days Past Due [Member]
Past due loans	$ 952
Percentage past due loans	1.12%
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member]
Past due loans	$ 418
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Past due loans	484
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Past due loans
Financing Receivables, 60 to 89 Days Past Due [Member] | Home Equity Portfolio Segment [Member]
Past due loans	25
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Past due loans	25
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due loans	$ 1,950
Percentage past due loans	2.30%
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member]
Past due loans	$ 1,244
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Past due loans	589
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Past due loans	117
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Home Equity Portfolio Segment [Member]
Past due loans

Note 9 - Loans - Impaired Loans

Note 9 - Loans - Impaired Loans (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Sep. 30, 2017	Mar. 31, 2017
Impaired loans for which a valuation allowance has been provided
Impaired loans for which no valuation allowance has been provided	3,573	4,883
Total loans determined to be impaired	3,573	4,883
Allowance for loans losses related to impaired loans
Average recorded investment in impaired loans	4,425	5,225
Cash basis interest income recognized on impaired loans	$ 79	$ 173

Note 9 - Loans - Impaired Loa37

Note 9 - Loans - Impaired Loans by Portfolio (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Sep. 30, 2017	Mar. 31, 2017
Recorded investment, no valuation allowance	$ 3,637	$ 4,963
Unpaid principal balance, no valuation allowance	3,573	4,883
Average annual recorded investment, no valuation allowance	4,425	5,225
Interest income recognized while on impaired status, no valuation allowance	79	173
Residential Portfolio Segment [Member]
Recorded investment, no valuation allowance	1,985	2,289
Unpaid principal balance, no valuation allowance	1,930	2,239
Average annual recorded investment, no valuation allowance	2,240	2,711
Interest income recognized while on impaired status, no valuation allowance	37	60
Commercial Real Estate Portfolio Segment [Member]
Recorded investment, no valuation allowance	1,253	2,162
Unpaid principal balance, no valuation allowance	1,249	2,141
Average annual recorded investment, no valuation allowance	1,712	2,060
Interest income recognized while on impaired status, no valuation allowance	25	94
Commercial Portfolio Segment [Member]
Recorded investment, no valuation allowance	117	171
Unpaid principal balance, no valuation allowance	117	171
Average annual recorded investment, no valuation allowance	144	153
Interest income recognized while on impaired status, no valuation allowance	5	9
Home Equity Portfolio Segment [Member]
Recorded investment, no valuation allowance	225	283
Unpaid principal balance, no valuation allowance	225	279
Average annual recorded investment, no valuation allowance	272	242
Interest income recognized while on impaired status, no valuation allowance	11	7
Consumer Portfolio Segment [Member]
Recorded investment, no valuation allowance
Unpaid principal balance, no valuation allowance
Average annual recorded investment, no valuation allowance		1
Interest income recognized while on impaired status, no valuation allowance
Construction Portfolio Segment [Member]
Recorded investment, no valuation allowance	57	58
Unpaid principal balance, no valuation allowance	52	53
Average annual recorded investment, no valuation allowance	57	58
Interest income recognized while on impaired status, no valuation allowance	$ 1	$ 3

Note 9 - Loans - Nonaccrual Loa

Note 9 - Loans - Nonaccrual Loans (Details) - USD ($)	Sep. 30, 2017	Mar. 31, 2017	Mar. 31, 2016
Nonaccrual loans	$ 1,623,000	$ 1,911,000
Accruing loans past 90 days or more
Troubled debt restructurings	1,950,000	2,376,000
Real estate owned	1,461,198	1,271,302	$ 1,763,000
Total non-performing assets	$ 127,050,203	$ 126,987,353
Non-performing loans as a percentage of loans	4.21%	5.02%
Non-performing assets as a percentage of loans and real estate owned	5.82%	6.41%
Non-performing assets as percentage of total assets	3.96%	4.38%
Nonperforming Financial Instruments [Member]
Troubled debt restructurings	$ 514,000	$ 1,296,000
Total non-performing loans	3,573,000	4,287,000
Real estate owned	1,461,000	1,271,000
Total non-performing assets	5,034,000	5,558,000
Performing Financial Instruments [Member]
Troubled debt restructurings	1,436,000	1,080,000
Residential Portfolio Segment [Member]
Nonaccrual loans	1,256,000	1,180,000
Accruing loans past 90 days or more
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Troubled debt restructurings	328,000	740,000
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member]
Troubled debt restructurings	686,000	693,000
Commercial Real Estate Portfolio Segment [Member]
Nonaccrual loans	250,000	506,000
Accruing loans past 90 days or more
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Troubled debt restructurings	186,000	425,000
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member]
Troubled debt restructurings	473,000	240,000
Commercial Portfolio Segment [Member]
Nonaccrual loans	117,000	172,000
Accruing loans past 90 days or more
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Troubled debt restructurings
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member]
Troubled debt restructurings
Consumer Portfolio Segment [Member]
Nonaccrual loans
Accruing loans past 90 days or more
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Troubled debt restructurings
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member]
Troubled debt restructurings
Home Equity Portfolio Segment [Member]
Nonaccrual loans		53,000
Accruing loans past 90 days or more
Home Equity Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Troubled debt restructurings		131,000
Home Equity Portfolio Segment [Member] | Performing Financial Instruments [Member]
Troubled debt restructurings	225,000	95,000
Construction Portfolio Segment [Member]
Nonaccrual loans
Accruing loans past 90 days or more
Construction Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Troubled debt restructurings
Construction Portfolio Segment [Member] | Performing Financial Instruments [Member]
Troubled debt restructurings	$ 52,000	$ 52,000

Note 9 - Loans - Troubled Debt

Note 9 - Loans - Troubled Debt Restructurings (Details) - Residential Portfolio Segment [Member] $ in Thousands	6 Months Ended	12 Months Ended
	Sep. 30, 2017USD ($)	Mar. 31, 2017USD ($)
Number of contracts		1
Outstanding recorded investment pre-modification		$ 77
Outstanding recorded investment post-modification		$ 96

Note 9 - Loans - Troubled Deb40

Note 9 - Loans - Troubled Debt Restructurings, Subsequent Default (Details) - Residential Portfolio Segment [Member]	6 Months Ended	12 Months Ended
	Sep. 30, 2017USD ($)	Mar. 31, 2017USD ($)
Troubled debt restructurings that subsequently defaulted, number of contracts
Troubled debt restructurings that subsequently defaulted, recorded investment

Note 9 - Loans - Real Estate Ow

Note 9 - Loans - Real Estate Owned (REO), Net of Valuation Allowance (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Mar. 31, 2017
Balance, beginning of period			$ 1,271,302	$ 1,763,000	$ 1,763,000
Additions from loan foreclosures			410,000		500,000
Additions from capitalized costs					26,000
Dispositions of REO			(193,000)		(922,000)
Gain (Loss) on sale of real estate owned	$ 23,415	$ 2,692	23,415	(2,840)	(34,000)
Valuation adjustments in the period			(51,000)		(62,000)
Balance, end of period	1,461,198		1,461,198		1,271,302
Balance, beginning of period			104,000	$ 227,000	227,000
Valuation adjustments added in the period			80,000		62,000
Valuation adjustments on disposed properties during the period			(29,000)		(185,000)
Balance, end of period	$ 155,000		$ 155,000		$ 104,000

Note 9 - Loans - Allowance for

Note 9 - Loans - Allowance for Losses on Loans and Charge-offs (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Mar. 31, 2017
Balance, beginning of year			$ 1,001,449	$ 1,099,000	$ 1,099,000
Provision	$ (65,000)		(85,000)	$ (48,000)	(22,000)
Loan charge-offs			50,000
Recoveries			(144,000)		(139,000)
Total Net Charge-Offs			(94,000)		76,000
Balance, end of period	1,010,552		1,010,552		1,001,449
Loans	$ 84,963,000		84,963,000		85,477,000
Average loans outstanding			$ 84,793,000		$ 84,426,000
Allowance as a percentage of period-end loans	1.19%		1.19%		1.17%
Net charge-offs as a percentage of average loans	(0.11%)		(0.11%)		0.09%
Commercial Portfolio Segment [Member]
Balance, beginning of year			$ 64,000
Provision					$ (45,000)
Loan charge-offs
Recoveries			(1,000)
Balance, end of period	$ 65,000		65,000		64,000
Loans	2,493,000		2,493,000		1,858,000
Commercial Real Estate Portfolio Segment [Member]
Balance, beginning of year			274,000
Provision			21,000		(61,000)
Loan charge-offs			50,000		71,000
Recoveries			(31,000)
Balance, end of period	276,000		276,000		274,000
Loans	11,634,000		11,634,000		12,071,000
Residential Portfolio Segment [Member]
Balance, beginning of year			575,000
Provision			(70,000)		98,000
Loan charge-offs			0		102,000
Recoveries			(71,000)
Balance, end of period	576,000		576,000		575,000
Loans	61,019,000		61,019,000		61,419,000
Home Equity Portfolio Segment [Member]
Balance, beginning of year			74,000
Provision			(35,000)		29,000
Loan charge-offs					42,000
Recoveries			(35,000)
Balance, end of period	74,000		74,000		74,000
Loans	8,695,000		8,695,000		8,812,000
Consumer Portfolio Segment [Member]
Balance, beginning of year			12,000
Provision			(1,000)		(45,000)
Loan charge-offs			0
Recoveries			(6,000)
Balance, end of period	17,000		17,000		12,000
Loans	676,000		676,000		637,000
Construction Portfolio Segment [Member]
Balance, beginning of year			2,000
Provision					2,000
Loan charge-offs			0
Recoveries			0
Balance, end of period	2,000		2,000		2,000
Loans	$ 446,000		$ 446,000		$ 680,000

Note 9 - Loans - Allowance fo43

Note 9 - Loans - Allowance for Loan Losses (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Mar. 31, 2017
Balance, beginning of year			$ 1,001,449	$ 1,099,000	$ 1,099,000
Loan charge-offs			(50,000)
Recoveries			144,000		139,000
Provision for loan losses	$ (65,000)		(85,000)	$ (48,000)	(22,000)
Balance, end of period	1,010,552		1,010,552		1,001,449
Ending balance for loans individually evaluated for impairment	3,541,000		3,541,000
Ending balance for loans collectively evaluated for impairment	81,422,000		81,422,000
Ending balance	84,963,000		84,963,000		85,477,000
Ending balance: loans individually evaluated for impairment	3,541,000		3,541,000
Ending balance: loans collectively evaluated for impairment	81,422,000		81,422,000
Commercial Portfolio Segment [Member]
Balance, beginning of year			64,000
Loan charge-offs
Recoveries			1,000
Provision for loan losses					(45,000)
Balance, end of period	65,000		65,000		64,000
Ending balance for loans individually evaluated for impairment	186,000		186,000
Ending balance for loans collectively evaluated for impairment	2,307,000		2,307,000
Ending balance	2,493,000		2,493,000		1,858,000
Ending balance: loans individually evaluated for impairment	186,000		186,000
Ending balance: loans collectively evaluated for impairment	2,307,000		2,307,000
Commercial Real Estate Portfolio Segment [Member]
Balance, beginning of year			274,000
Loan charge-offs			(50,000)		(71,000)
Recoveries			31,000
Provision for loan losses			21,000		(61,000)
Balance, end of period	276,000		276,000		274,000
Ending balance for loans individually evaluated for impairment	808,000		808,000
Ending balance for loans collectively evaluated for impairment	10,826,000		10,826,000
Ending balance	11,634,000		11,634,000		12,071,000
Ending balance: loans individually evaluated for impairment	808,000		808,000
Ending balance: loans collectively evaluated for impairment	10,826,000		10,826,000
Residential Portfolio Segment [Member]
Balance, beginning of year			575,000
Loan charge-offs			0		(102,000)
Recoveries			71,000
Provision for loan losses			(70,000)		98,000
Balance, end of period	576,000		576,000		575,000
Ending balance for loans individually evaluated for impairment	2,036,000		2,036,000
Ending balance for loans collectively evaluated for impairment	58,983,000		58,983,000
Ending balance	61,019,000		61,019,000		61,419,000
Ending balance: loans individually evaluated for impairment	2,036,000		2,036,000
Ending balance: loans collectively evaluated for impairment	58,983,000		58,983,000
Home Equity Portfolio Segment [Member]
Balance, beginning of year			74,000
Loan charge-offs					(42,000)
Recoveries			35,000
Provision for loan losses			(35,000)		29,000
Balance, end of period	74,000		74,000		74,000
Ending balance for loans individually evaluated for impairment	459,000		459,000
Ending balance for loans collectively evaluated for impairment	8,236,000		8,236,000
Ending balance	8,695,000		8,695,000		8,812,000
Ending balance: loans individually evaluated for impairment	459,000		459,000
Ending balance: loans collectively evaluated for impairment	8,236,000		8,236,000
Consumer Portfolio Segment [Member]
Balance, beginning of year			12,000
Loan charge-offs			0
Recoveries			6,000
Provision for loan losses			(1,000)		(45,000)
Balance, end of period	17,000		17,000		12,000
Ending balance for loans individually evaluated for impairment
Ending balance for loans collectively evaluated for impairment	676,000		676,000
Ending balance	676,000		676,000		637,000
Ending balance: loans individually evaluated for impairment
Ending balance: loans collectively evaluated for impairment	676,000		676,000
Construction Portfolio Segment [Member]
Balance, beginning of year			2,000
Loan charge-offs			0
Recoveries			0
Provision for loan losses					2,000
Balance, end of period	2,000		2,000		2,000
Ending balance for loans individually evaluated for impairment	52,000		52,000
Ending balance for loans collectively evaluated for impairment	394,000		394,000
Ending balance	446,000		446,000		$ 680,000
Ending balance: loans individually evaluated for impairment	52,000		52,000
Ending balance: loans collectively evaluated for impairment	$ 394,000		$ 394,000

Note 10 - Investment Securiti44

Note 10 - Investment Securities (Details Textual) - Debt Securities [Member]	Sep. 30, 2017
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	42
Securities in Unrealized Loss Positions, Depreciated Percentage from Amortized Cost	2.70%

Note 10 - Investment Securiti45

Note 10 - Investment Securities - Held-to-maturity Securities (Details) - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Held-to-maturity securities, amortized cost	$ 21,956,622	$ 22,622,835
Held-to-maturity securities, gross unrealized gains	53,000	58,000
Held-to-maturity securities, gross unrealized losses	(591,000)	(883,000)
Held-to-maturity securities, fair value	21,418,582	21,797,695
US Government Agencies Debt Securities [Member]
Held-to-maturity securities, amortized cost	19,918,000	20,418,000
Held-to-maturity securities, gross unrealized gains
Held-to-maturity securities, gross unrealized losses	(574,000)	(865,000)
Held-to-maturity securities, fair value	19,344,000	19,553,000
Municipal Bonds [Member]
Held-to-maturity securities, amortized cost	1,446,000	1,536,000
Held-to-maturity securities, gross unrealized gains
Held-to-maturity securities, gross unrealized losses	(1,000)	(3,000)
Held-to-maturity securities, fair value	1,445,000	1,533,000
Collateralized Mortgage Backed Securities [Member]
Held-to-maturity securities, amortized cost	593,000	669,000
Held-to-maturity securities, gross unrealized gains	53,000	58,000
Held-to-maturity securities, gross unrealized losses	(16,000)	(15,000)
Held-to-maturity securities, fair value	$ 630,000	$ 712,000

Note 10 - Investment Securiti46

Note 10 - Investment Securities - Available-for-sale Securities (Details) - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Available-for-sale securities - amortized cost	$ 2,074,499	$ 2,588,817
Available-for-sale securities - gross unrealized gains	12,000	8,000
Available-for-sale securities - gross unrealized losses		(2,000)
Available-for-sale securities - fair value	2,086,322	2,594,888
Certificates of Deposit [Member]
Available-for-sale securities - amortized cost	2,000,000	2,000,000
Available-for-sale securities - gross unrealized gains	12,000	8,000
Available-for-sale securities - gross unrealized losses
Available-for-sale securities - fair value	2,012,000	2,008,000
US Government Agencies Debt Securities [Member]
Available-for-sale securities - amortized cost		500,000
Available-for-sale securities - gross unrealized gains
Available-for-sale securities - gross unrealized losses
Available-for-sale securities - fair value		500,000
Mutual Fund Shares [Member]
Available-for-sale securities - amortized cost	74,000	89,000
Available-for-sale securities - gross unrealized gains
Available-for-sale securities - gross unrealized losses		(2,000)
Available-for-sale securities - fair value	$ 74,000	$ 87,000

Note 10 - Investment Securiti47

Note 10 - Investment Securities - Maturities of Securities (Details) - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Held to maturity, one year or less, amortized cost	$ 1,446,000	$ 1,536,000
Held to maturity, one year or less, fair value	1,445,000	1,534,000
Available for sale, one year or less, amortized cost
Available for sale, one year or less, fair value
Held to maturity, after one year through five years, amortized cost	500,000	500,000
Held to maturity, after one year through five years, fair value	497,000	497,000
Available for sale, after one year through five years, amortized cost	2,000,000
Available for sale, after one year through five years, fair value	2,012,000
Held to maturity, after five years through ten years, amortized cost	8,046,000	8,573,000
Held to maturity, after five years through ten years, fair value	7,854,000	8,292,000
Available for sale, after five years through ten years, amortized cost		2,000,000
Available for sale, after five years through ten years, fair value		2,008,000
Held to maturity, after ten years, amortized cost	11,965,000	12,014,000
Held to maturity, after ten years, fair value	11,623,000	11,475,000
Available for sale, after ten years, amortized cost		500,000
Available for sale, after ten years, fair value		500,000
Held to maturity, no single maturity, amortized cost
Held to maturity, no single maturity, fair value
Available for sale, no single maturity, amortized cost	74,000	89,000
Available for sale, no single maturity, fair value	74,000	87,000
Held to maturity, amortized cost	21,956,622	22,622,835
Held to maturity, fair value	21,418,582	21,797,695
Available for sale, amortized cost	2,074,000	2,589,000
Available for sale, fair value	$ 2,086,000	$ 2,595,000

Note 10 - Investment Securiti48

Note 10 - Investment Securities - Securities with Gross Unrealized Losses (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Mar. 31, 2017
Securities with unrealized losses, less than 12 months, fair value	$ 9,030	$ 21,338
Securities with unrealized losses, less than 12 months, gross unrealized losses	(102)	(868)
Securities with unrealized losses, 12 months or greater, fair value	12,156	303
Securities with unrealized losses, 12 months or greater, gross unrealized losses	(489)	(17)
Securities with unrealized losses, fair value	21,186	21,641
Securities with unrealized losses, gross unrealized losses	(591)	(885)
US Government Agencies Debt Securities [Member]
Securities with unrealized losses, less than 12 months, fair value	7,585	19,553
Securities with unrealized losses, less than 12 months, gross unrealized losses	(101)	(864)
Securities with unrealized losses, 12 months or greater, fair value	11,775
Securities with unrealized losses, 12 months or greater, gross unrealized losses	(473)
Securities with unrealized losses, fair value	19,360	19,553
Securities with unrealized losses, gross unrealized losses	(574)	(864)
Municipal Bonds [Member]
Securities with unrealized losses, less than 12 months, fair value	1,445	1,536
Securities with unrealized losses, less than 12 months, gross unrealized losses	(1)	(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	1,445	1,536
Securities with unrealized losses, gross unrealized losses	(1)	(3)
Certificates of Deposit [Member]
Securities with unrealized losses, less than 12 months, fair value		249
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		249
Securities with unrealized losses, gross unrealized losses		(1)
Collateralized Mortgage Backed Securities [Member]
Securities with unrealized losses, less than 12 months, fair value
Securities with unrealized losses, less than 12 months, gross unrealized losses
Securities with unrealized losses, 12 months or greater, fair value	381	216
Securities with unrealized losses, 12 months or greater, gross unrealized losses	(16)	(15)
Securities with unrealized losses, fair value	381	216
Securities with unrealized losses, gross unrealized losses	$ (16)	(15)
Mutual Fund Shares [Member]
Securities with unrealized losses, less than 12 months, fair value
Securities with unrealized losses, less than 12 months, gross unrealized losses
Securities with unrealized losses, 12 months or greater, fair value		87
Securities with unrealized losses, 12 months or greater, gross unrealized losses		(2)
Securities with unrealized losses, fair value		87
Securities with unrealized losses, gross unrealized losses		$ (2)

Note 11 - Subsequent Event (Det

Note 11 - Subsequent Event (Details Textual)	Oct. 18, 2017shares
Subsequent Event [Member] | First Bank [Member] | Delanco Bancorp [Member]
Business Acquisition, Number of Acquirer Shares Convertible for Each Acquiree Share	1.11