Investment and Mortgage-Backed Securities, Available for Sale (Tables)

9 Months Ended

Dec. 31, 2012

Investments, Debt and Equity Securities [Abstract]

Schedule of Available for Sale Securities

The amortized cost, gross unrealized gains, gross unrealized losses, and fair values of investment and mortgage-backed securities available for sale are as follows:

	December 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair value
FHLB Securities	$	6,115,036	$	53,954	$	4,320	$	6,164,670
Small Business Administration    (“SBA”) Bonds	94,152,203		2,466,354		156,287		96,462,270
Tax Exempt Municipal Bonds	35,772,115		1,770,567		60,534		37,482,148
Mortgage-Backed Securities	206,793,861		8,030,008		91,966		214,731,903
Equity Securities	102,938		—		27,713		75,225
	$	342,936,153	$	12,320,883	$	340,820	$	354,916,216
	March 31, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair value
FHLB Securities	$	2,634,234	$	64,660	$	—	$	2,698,894
Federal National Mortgage    Association (“FNMA”) and    Federal Home Loan Mortgage    Corporation (“FHLMC”) Bonds	2,926,566		560		5,275		2,921,851
SBA Bonds	85,064,224		1,357,490		142,912		86,278,802
Tax Exempt Municipal Bonds	23,231,375		971,739		77,389		24,125,725
Mortgage-Backed Securities	229,462,521		8,486,387		95,073		237,853,835
Equity Securities	102,938		—		27,188		75,750
	$	343,421,858	$	10,880,836	$	347,837	$	353,954,857

Schedule of Available For Sale Securities, Contractual Maturities

	Amortized Cost		Fair Value
Less Than One Year	$	—	$	—
One – Five Years	14,222,904		14,515,725
Five – Ten Years	60,854,622		62,377,392
After Ten Years	61,064,766		63,291,196
Mortgage-Backed Securities	206,793,861		214,731,903
	$	342,936,153	$	354,916,216

Schedule of Temporarily Impaired Securities, Fair Value and Unrealized Losses

The following tables show gross unrealized losses and fair value, aggregated by investment category, and length of time that individual available for sale securities have been in a continuous unrealized loss position for the periods indicated.

	December 31, 2012
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
FHLB Securities	$	995,680	$	4,320	$	—	$	—	$	995,680	$	4,320
SBA Bonds	4,583,177		119,825		1,833,076		36,462		6,416,253		156,287
Tax Exempt Municipal Bond	4,538,734		60,534		—		—		4,538,734		60,534
Mortgage-Backed Securities	16,259,037		91,966		—		—		16,259,037		91,966
Equity Securities	—		—		75,225		27,713		75,225		27,713
	$	26,376,628	$	276,645	$	1,908,301	$	64,175	$	28,284,929	$	340,820

(2)         Investment and Mortgage-Backed Securities, Available For Sale, Continued

	March 31, 2012
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
FNMA And FHLMC Bonds	$	1,921,291	$	5,275	$	—	$	—	$	1,921,291	$	5,275
SBA Bonds	12,508,821		142,912		—		—		12,508,821		142,912
Tax Exempt Municipal Bond	3,390,580		77,389		—		—		3,390,580		77,389
Mortgage-Backed Securities	23,053,784		95,073		—		—		23,053,784		95,073
Equity Securities	—		—		75,750		27,188		75,750		27,188
	$	40,874,476	$	320,649	$	75,750	$	27,188	$	40,950,226	$	347,837