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Condensed Financial Information of Parent Company Only Disclosure: Condensed Income Statement (Tables)

12 Months Ended

Mar. 31, 2014

Tables/Schedules

Condensed Income Statement

STATEMENTS OF OPERATIONS
years ended March 31, 2014, 2013 and 2012
(In thousands)		2014			2013			2012
INCOME:
Interest on investment securities and other short-term investments	$	13		$	20		$	40
Interest on loan receivable from the Bank		42			50			59
Total income		55			70			99
EXPENSE:
Management service fees paid to the Bank		143			143			142
Other expenses		459			685			3,624
Total expense		602			828			3,766
LOSS BEFORE INCOME TAXES AND EQUITY
IN UNDISTRIBUTED LOSS OF THE BANK		(547	)		(758	)		(3,667	)
PROVISION (BENEFIT) FOR INCOME TAXES		(1,365	)		(258	)		81
INCOME (LOSS) OF PARENT COMPANY		818			(500	)		(3,748	)
EQUITY IN UNDISTRIBUTED INCOME (LOSS) OF THE BANK		18,605			3,133			(27,909	)
NET INCOME (LOSS)	$	19,423		$	2,633		$	(31,657	)

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