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Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Mar. 31, 2013
Quarterly Financial Data [Abstract] |
Quarterly Results of Operations (Unaudited) | 12. Quarterly Results of Operations (Unaudited)
|  | Fiscal Year ended March 31, 2013 |
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
Total revenue |  | $ | 20,427,726 |  |  | $ | 20,705,421 |  |  | $ | 20,604,861 |  |  | $ | 20,372,438 |
Interest expense |  |  | 1,192,140 |  |  |  | 1,250,231 |  |  |  | 1,275,015 |  |  |  | 1,403,441 |
Provision for credit losses |  |  | 3,103,266 |  |  |  | 3,261,721 |  |  |  | 3,484,811 |  |  |  | 3,542,077 |
Non-interest expense |  |  | 7,343,103 |  |  |  | 7,804,873 |  |  |  | 8,370,168 |  |  |  | 7,593,445 |
Operating income before income taxes |  |  | 8,789,217 |  |  |  | 8,388,596 |  |  |  | 7,474,867 |  |  |  | 7,833,475 |
Income tax expense |  |  | 3,381,761 |  |  |  | 3,238,458 |  |  |  | 2,878,811 |  |  |  | 3,046,179 |
Net income |  | $ | 5,407,456 |  |  | $ | 5,150,138 |  |  | $ | 4,596,056 |  |  | $ | 4,787,296 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.45 |  |  | $ | 0.43 |  |  | $ | 0.38 |  |  | $ | 0.40 |
Diluted |  | $ | 0.44 |  |  | $ | 0.42 |  |  | $ | 0.38 |  |  | $ | 0.39 |
Dividends per share |  | $ | 0.10 |  |  | $ | 0.12 |  |  | $ | 2.12 |  |  | $ | 0.12 |
|  | Fiscal Year ended March 31, 2012 |
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
Total revenue |  | $ | 19,613,691 |  |  | $ | 20,262,360 |  |  | $ | 20,219,413 |  |  | $ | 20,419,586 |
Interest expense |  |  | 1,228,978 |  |  |  | 1,236,893 |  |  |  | 1,236,866 |  |  |  | 1,189,117 |
Provision for credit losses |  |  | 3,049,461 |  |  |  | 3,209,524 |  |  |  | 3,507,659 |  |  |  | 2,600,949 |
Non-interest expense |  |  | 6,695,286 |  |  |  | 6,779,122 |  |  |  | 6,755,283 |  |  |  | 6,877,637 |
Operating income before income taxes |  |  | 8,639,966 |  |  |  | 9,036,821 |  |  |  | 8,719,605 |  |  |  | 9,751,883 |
Income tax expense |  |  | 3,331,408 |  |  |  | 3,504,456 |  |  |  | 3,340,762 |  |  |  | 3,749,890 |
Net income |  | $ | 5,308,558 |  |  | $ | 5,532,365 |  |  | $ | 5,378,843 |  |  | $ | 6,001,993 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.46 |  |  | $ | 0.47 |  |  | $ | 0.46 |  |  | $ | 0.51 |
Diluted |  | $ | 0.44 |  |  | $ | 0.46 |  |  | $ | 0.45 |  |  | $ | 0.50 |
Dividends per share |  | $ | 0.00 |  |  | $ | 0.10 |  |  | $ | 0.10 |  |  | $ | 0.10 |
The quarterly results for the first three quarters of fiscal 2013 and for each quarter of fiscal 2012 as reported in the Company’s quarterly filings on Form 10-Q have been revised for the error corrections discussed in Note 2. Net income for the combined first three quarters of fiscal 2013 increased by $52,955. Diluted earnings per share for the third quarter of fiscal 2013 increased by $0.01 per share as a result of the correction. Basic and diluted earnings per share were not impacted in the other quarters presented.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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