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Earnings Per Common Share
 3 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Common Share
EARNINGS PER COMMON SHARE

The following table reconciles the earnings (loss) available to common shareholders (numerator) and the weighted average common stock outstanding (denominator) for both basic and diluted earnings (loss) per share for the following periods:
 
 
Three Months Ended June 30,
$ in thousands except per share data
 
2017
 
2016
Restated (1)
Net (loss) income - Restated (1)
 
$
(641
)
 
$
325

Less: Participated securities share of undistributed earnings
 
—

 
195

Net (loss) income available to common shareholders - Restated (1)
 
$
(641
)
 
$
130

 
 
 
 
 
Weighted average common shares outstanding - basic
 
3,696,420

 
3,696,420

Effect of dilutive Management Recognition Plan ("MRP") shares
 
—

 
4,000

Weighted average common shares outstanding – diluted
 
3,696,420

 
3,700,420

 
 
 
 
 
Basic (loss) earnings per common share - Restated (1)
 
$
(0.17
)
 
$
0.04

Diluted (loss) earnings per common share - Restated (1)
 
$
(0.17
)
 
$
0.04

(1) June 30, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Note 1 for further detail.