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Income Taxes (Tables)

12 Months Ended

Mar. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of provision for income taxes

		2014				2013				2012
Current:
Federal		$	8,709,338			$	10,187,010			$	11,799,843
State			1,393,675				1,661,860				1,881,400
Total current			10,103,013				11,848,870				13,681,243
Deferred:
Federal			1,474,425				598,674				211,544
State			235,940				97,665				33,729
Total deferred			1,710,365				696,339				245,273
Income tax expense		$	11,813,378			$	12,545,209			$	13,926,516

Schedule of deferred tax assets and liabilities

		2014				2013
Allowance for credit losses not currently deductible for tax purposes		$	6,106,725			$	7,448,933
Share-based compensation			443,623				522,573
Interest rate swap agreements			(70,283	)			193,258
Other items			236,531				262,197
Deferred income taxes		$	6,716,596			$	8,426,961

Schedule of provision for income taxes reflects an effective tax rate

		2014				2013				2012
Provision for income taxes at Federal statutory rate		$	9,980,855			$	11,370,154			$	12,651,896
Increase resulting from:
State income taxes, net of Federal benefit			1,059,249				1,143,692				1,244,834
Non-deductible transaction costs			733,689				—				—
Other			39,585				31,363				29,786
Income tax expense		$	11,813,378			$	12,545,209			$	13,926,516

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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