12. Quarterly Results of Operations (Unaudited)

Fiscal Year ended March 31, 2018
(In thousands, except earnings per share amounts)

First
Quarter

Second
Quarter

Third
Quarter

Fourth
Quarter

Total revenue

22,198

21,338

20,526

19,855

Interest expense

2,455

2,443

2,585

2,654

Provision for credit losses

9,752

10,146

8,989

8,563

Non-interest expense

8,679

8,185

8,138

8,165

Operating income before income taxes

1,312

564

814

473

Income tax expense (benefit)

500

220

3,712

(171

)

Net income (loss)

812

344

(2,898

)

644

Earnings (loss) per share:

Basic

0.10

0.04

(0.37

)

0.08

Diluted

0.10

0.04

(0.37

)

0.08

Fiscal Year ended March 31, 2017
(In thousands, except earnings per share amounts)

First
Quarter

Second
Quarter

Third
Quarter

Fourth
Quarter

Total revenue

22,915

22,647

22,044

22,860

Interest expense

2,244

2,243

2,258

2,477

Provision for credit losses

7,026

8,144

8,796

13,211

Non-interest expense (benefit)

8,939

9,102

8,403

8,883

Operating income before income taxes

4,706

3,158

2,587

(1,711

)

Income tax expense (benefit)

1,803

1,188

981

(641

)

Net income (loss)

2,903

1,970

1,606

(1,070

)

Earnings (loss) per share:

Basic

0.37

0.25

0.21

(0.14

)

Diluted

0.37

0.25

0.21

(0.14

)