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Condensed Financial Information of Parent Company Only Disclosure: Condensed Income Statement (Tables)
12 Months Ended
Mar. 31, 2016
Tables/Schedules  
Condensed Income Statement

 

STATEMENTS OF INCOME

 

 

 

 

 

 

 

 

 

years ended March 31, 2016, 2015 and 2014

 

 

 

 

 

 

 

 

 

(In thousands)

 

2016

 

 

2015

 

 

2014

 

INCOME:

 

 

 

 

 

 

 

 

 

Dividend income from the Bank

$

-

 

$

6,000

 

$

-

 

Interest on investment securities and other short-term investments

 

12

 

 

13

 

 

13

 

Interest on loan receivable from the Bank

 

24

 

 

33

 

 

42

 

Total income

 

36

 

 

6,046

 

 

55

 

EXPENSE:

 

 

 

 

 

 

 

 

 

Management service fees paid to the Bank

 

143

 

 

143

 

 

143

 

Other expenses

 

443

 

 

457

 

 

459

 

Total expense

 

586

 

 

600

 

 

602

 

INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED INCOME (LOSS) OF THE BANK    

 

(550

)

 

5,446

 

 

(547

)

BENEFIT FOR INCOME TAXES

 

(187

)

 

(197

)

 

(1,365

)

INCOME (LOSS) OF PARENT COMPANY

 

(363

)

 

5,643

 

 

818

 

EQUITY IN UNDISTRIBUTED INCOME (LOSS) OF THE BANK

 

6,721

 

 

(1,152

)

 

18,605

 

NET INCOME

$

6,358

 

$

4,491

 

$

19,423