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

12 Months Ended

Mar. 31, 2015

Tables/Schedules

Condensed Income Statement

STATEMENTS OF INCOME
years ended March 31, 2015, 2014 and 2013
(In thousands)		2015			2014			2013
INCOME:
Dividend income from Bank	$	6,000		$	-		$	-
Interest on investment securities and other short-term investments		13			13			20
Interest on loan receivable from the Bank		33			42			50
Total income		6,046			55			70
EXPENSE:
Management service fees paid to the Bank		143			143			143
Other expenses		457			459			685
Total expense		600			602			828
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY
IN UNDISTRIBUTED LOSS OF THE BANK		5,446			(547	)		(758	)
PROVISION (BENEFIT) FOR INCOME TAXES		(197	)		(1,365	)		(258	)
INCOME (LOSS) OF PARENT COMPANY		5,643			818			(500	)
EQUITY IN UNDISTRIBUTED INCOME (LOSS) OF THE BANK		(1,152	)		18,605			3,133
NET INCOME (LOSS)	$	4,491		$	19,423		$	2,633

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