XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income:        
Loans $ 5,797 $ 5,924 [1] $ 11,449 $ 12,377 [1]
Mortgage-backed securities 245 146 495 316
Investment securities 156 195 314 423
Money market investments 141 61 252 130
Total interest income 6,339 6,326 [1] 12,510 13,246 [2]
Interest expense:        
Deposits 956 929 1,888 1,864
Advances and other borrowed money 296 294 [1] 582 621 [3]
Total interest expense 1,252 1,223 [1] 2,470 2,485 [3]
Net interest income 5,087 5,103 [2] 10,040 10,761 [2]
Provision for (recovery of) loan losses 4 (160) 124 (364)
Net interest income after provision for (recovery of) loan losses 5,083 5,263 [1] 9,916 11,125 [1]
Non-interest income:        
Depository fees and charges 851 803 1,746 1,605
Loan fees and service charges 144 85 [1] 242 205 [1]
Gain on sale of securities 0 58 0 58
(Loss) gain on sale of loans, net 0 (62) 0 4
(Loss) gain on sale of real estate owned, net of market value adjustment (1) 10 66 10
Gain on sale of building, net 17 17 34 34
Other 128 346 260 481
Total non-interest income 1,139 1,257 [1] 2,348 2,397 [2]
Non-interest expense:        
Employee compensation and benefits 3,092 3,037 6,161 5,973
Net occupancy expense 872 797 1,699 1,541
Equipment, net 191 200 384 388
Data processing 425 371 818 699
Consulting fees 194 76 434 268
Federal deposit insurance premiums 150 163 297 329
Other 1,862 2,127 [1] 3,646 4,213 [1]
Total non-interest expense 6,786 6,771 [4] 13,439 13,411 [5]
(Loss) income before income taxes (564) (251) [1] (1,175) 111 [4]
Income tax expense 30 0 60 37
Net (loss) income $ (594) $ (251) [1],[5] $ (1,235) $ 74 [1],[2],[4]
(Loss) earnings per common share:        
Loss per Share, Basic (in dollars per share) $ (0.16) $ (0.07) [1] $ (0.33) $ 0.01 [5]
Loss per Share, Diluted (in dollars per share) $ (0.16) $ (0.07) [1] $ (0.33) $ 0.01 [5]
[1] (1) September 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.
[2] (1) September 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.
[3] (1) September 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.
[4] (1) September 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.
[5] (1) September 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.