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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest Income:        
Loans $ 5,882 $ 6,174 $ 12,321 $ 11,816
Mortgage-backed securities 146 197 316 388
Investment securities 195 341 423 682
Money market investments 61 18 130 52
Total interest income 6,284 6,730 13,190 12,938
Interest expense:        
Deposits 929 781 1,864 1,557
Advances and other borrowed money 472 312 778 594
Total interest expense 1,401 1,093 2,642 2,151
Net interest income 4,883 5,637 10,548 10,787
Provision for (recovery of) loan losses (160) 643 (364) 677
Net interest income after (recovery of) provision for loan losses 5,043 4,994 10,912 10,110
Non-interest income:        
Depository fees and charges 803 809 1,605 1,477
Loan fees and service charges 106 170 249 342
Gain on sale of securities 58 1 58 1
Gain on sale of loans, net (62) 0 4 194
Gain on sale of real estate owned, net 10 0 10 18
Gain on sale of building, net 17 0 34 0
Other 346 151 481 292
Total non-interest income 1,278 1,131 2,441 2,324
Non-interest expense:        
Employee compensation and benefits 3,037 2,729 5,973 5,510
Net occupancy expense 797 1,125 1,541 2,121
Equipment, net 200 164 388 326
Data processing 371 223 [1] 699 446
Consulting fees 76 145 [1] 268 290
Federal deposit insurance premiums 163 133 329 255
Other 1,929 1,683 [1] 3,962 3,105
Total non-interest expense 6,573 6,202 [1] 13,160 12,053
Income before income taxes (252) (77) 193 381
Income tax expense 0 79 37 92
Net income $ (252) $ (156) [2] $ 156 $ 289 [1]
Earnings per common share:        
Basic $ (0.07) $ (0.04) $ 0.02 $ 0.03 [2]
Diluted $ (0.07) $ (0.04) $ 0.02 $ 0.03 [2]
[1] (1) September 30, 2015 amounts have been restated from previously reported results to correct for a material and certain other errors from prior periods. Refer to Note 1 for further detail.
[2] (1) September 30, 2015 amounts have been restated from previously reported results to correct for a material and certain other errors from prior periods. Refer to Note 1 for further detail.