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Income Taxes (Tables)

12 Months Ended

Mar. 31, 2014

INCOME TAXES [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of income tax expense (benefit) for the years ended March 31 are as follow:

$ in thousands		2014				2013				2012
Income tax expense (benefit):
Current - Federal		$	(35	)		$	149			$	(1,067	)
Current - State		137				179				106
Total income tax expense (benefit)		$	102			$	328			$	(961	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following is a reconciliation of the expected Federal income tax rate to the consolidated effective tax rate for the years ended March 31:

	2014							2013							2012
$ in thousands	Amount				Percent			Amount				Percent			Amount				Percent
Statutory Federal income tax expense (benefit)	$	(250	)		34.0	%		$	337			34.0	%		$	(8,285	)		34.0	%
State and local income taxes, net of Federal tax benefit	(16		)		2.1			49				4.9			(1,541		)		6.3
General business credit	(32		)		4.4			(32		)		(3.3	)		(32		)		0.1
Difference in rates	(1,068		)		145.5			—				—			—				—
Valuation Allowance	(204		)		27.7			795				80.3			2,835				(11.6	)
Write off DTA due to Section 382 limitation	1,132				(154.1	)		(1,363		)		(137.7	)		6,089				(25.0	)
True-ups/Adjustments	255				(34.7	)		524				53.1			—				—
Other	285				(38.8	)		18				1.8			(27		)		0.1
Total income tax expense (benefit)	$	102			(13.9	)%		$	328			33.1	%		$	(961	)		3.9	%

Deferred Tax Assets and Liabilities [Table Text Block]

Tax effects of existing temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities are included in other assets at March 31 as follows:

$ in thousands	2014				2013
Deferred Tax Assets:
Allowance for loan losses	$	2,373			$	3,318
Deferred loan costs, net	193				366
Nonaccrual loan interest	64				2,265
Purchase accounting adjustment	44				144
Net operating loss carryforward	15,181				10,289
New markets tax credit	2,175				3,274
Depreciation	782				701
Minimum pension liability	—				110
Market value adjustment on HFS loans	752				1,608
Unrealized loss on available-for-sale securities	1,908				—
Other	577				601
Total Deferred Tax Assets	24,049				22,676
Deferred Tax Liabilities:
Income from affiliate	(46		)		176
Unrealized gain on available-for-sale securities	—				394
Total Deferred Tax Liabilities	(46		)		570
Deferred Tax Assets, net	24,095				22,106
Valuation Allowance	(24,095		)		(22,106		)
Deferred Tax Assets, net of valuation allowance	$	—			$	—

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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

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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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