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

12 Months Ended

Mar. 31, 2014

STATEMENTS OF CASH FLOWS

YEARS ENDED MARCH 31, 2014, 2013 AND 2012

(In thousands)		2014			2013			2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	19,423		$	2,633		$	(31,657	)
Adjustments to reconcile net income (loss) cash provided by (used in) operating activities:
Equity in undistributed (earnings) loss of the Bank		(18,605	)		(3,133	)		27,909
Benefit for deferred income taxes		(1,364	)		-			(15	)
Writedown of real estate owned		-			-			1,997
Earned ESOP shares		68			42			62
Stock based compensation		78			2			12
Changes in assets and liabilities
Other assets		131			577			114
Accrued expenses and other liabilities		355			695			1,382
Net cash provided by (used in) operating activities		86			816			(196	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of real estate owned		-			-			1,041
Additional investment in subsidiary		-			(2,700	)		(2,000	)
Net cash used in investing activities		-			(2,700	)		(959	)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		86			(1,884	)		(1,155	)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR		1,020			2,904			4,059
CASH AND CASH EQUIVALENTS, END OF YEAR	$	1,106		$	1,020		$	2,904

NONCASH INVESTING AND FINANCING ACTIVITIES:
Transfer of real estate owned	$	-		$	-		$	5,290