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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Interest income:        
Loans $ 5,471 $ 5,685 [1] $ 16,920 $ 18,062 [1]
Mortgage-backed securities 238 223 733 539
Investment securities 163 174 477 597
Money market investments 181 65 433 195
Total interest income 6,053 6,147 [1] 18,563 19,393 [2]
Interest expense:        
Deposits 1,073 966 2,961 2,830
Advances and other borrowed money 291 316 873 937 [3]
Total interest expense 1,364 1,282 3,834 3,767 [3]
Net interest income 4,689 4,865 [2] 14,729 15,626 [2]
Provision for (recovery of) loan losses 6 (128) 130 (492)
Net interest income after provision for (recovery of) loan losses 4,683 4,993 [1] 14,599 16,118 [1]
Non-interest income:        
Depository fees and charges 817 847 2,563 2,452
Loan fees and service charges 172 82 [1] 414 287 [1]
Gain on sale of securities 0 0 0 58
Gain on sale of loans, net 0 0 0 4
Gain on sale of real estate owned, net of market value adjustment 184 0 250 0
Gain on sale of building, net 18 18 52 52
Lower of cost or market adjustment on loans held-for-sale 0 (26) 0 (26)
Other 155 150 [2] 415 641
Total non-interest income 1,346 1,071 [1] 3,694 3,468 [2]
Non-interest expense:        
Employee compensation and benefits 3,204 3,112 9,335 9,042
Net occupancy expense 856 812 2,555 2,353
Equipment, net 242 173 626 561
Data processing 385 379 1,203 1,078
Consulting fees 186 218 620 486
Federal deposit insurance premiums 163 186 460 515
Other 1,906 2,077 [1] 5,582 6,333 [1]
Total non-interest expense 6,942 6,957 [4] 20,381 20,368 [5]
Loss before income taxes (913) (893) [1] (2,088) (782) [4]
Income tax expense 31 0 91 37
Net loss $ (944) $ (893) [1],[5] $ (2,179) $ (819) [1],[2],[4]
Net loss per common share:        
Loss per Share, Basic (in dollars per share) $ (0.26) $ (0.24) [1] $ (0.59) $ (0.22) [5]
Loss per Share, Diluted (in dollars per share) $ (0.26) $ (0.24) [1] $ (0.59) $ (0.22) [5]
[1] (1) December 31, 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) December 31, 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) December 31, 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) December 31, 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) December 31, 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.