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Quarterly Financial Data (Unaudited) Quarterly Financial Data (Unaudited) (Notes) | 12 Months Ended
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Mar. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) | QUARTERLY FINANCIAL DATA (UNAUDITED) The following tables set forth certain unaudited financial data for our quarterly operations in fiscal 2017 and 2016. The following information has been prepared on the same basis as the annual information presented elsewhere in this report and, in the opinion of management, includes all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the information for the quarterly periods presented. The operating results for any quarter are not necessarily indicative of results for any future period. Restatement The Company has restated its consolidated financial statements for fiscal year 2016 contained in the Annual Reports on Form 10-K for the years ended March 31, 2017 and 2016, and its unaudited interim consolidated financial statements contained in the Company's Quarterly Reports on Form 10-Q for each of the quarters ended June 30, 2016 and 2015, September 30, 2016 and 2015 and December 31, 2016 and 2015. The Company has not amended its previously filed Annual Reports on Form 10-K or Quarterly Reports on Form 10-Q for the periods affected by the Restatement. The Restatement corrects a material error related to approximately $1.7 million of reconciling items that were identified as uncollectable and written off primarily during the fourth quarter of fiscal year 2017 as part of the focused review of reconciliations and internal controls. Management's evaluation of the items written off concluded that approximately $1.0 million of these writeoffs should have been accounted for in prior periods; $666 thousand of the amount written off should have been accounted for in fiscal year 2016 and the $361 thousand remainder should have been accounted for in years prior to fiscal year 2016. The $666 thousand of writeoffs attributable to fiscal year 2016 have been reflected in the Consolidated Statement of Operations for fiscal year 2016 as an increase to Other Non-Interest Expense. The Company also identified and corrected material errors related to the accounting for loans on the Company's servicing platforms. The accounting adjustments are related to system maintenance items and payment applications that were not timely processed by the Bank on to its core provider system. Management's evaluation of these items concluded that approximately $1.2 million should have been accounted for in prior periods: $865 thousand should have been accounted for in fiscal year 2016 and the $285 thousand remainder should have been accounted for in years prior to fiscal year 2016. The $865 thousand of adjustments attributable to fiscal year 2016 have been reflected in the Consolidated Statement of Operations for the fiscal year 2016 as a reduction in interest income on loans. In addition to the errors described above, adjustments have been made related to other individually immaterial errors including certain corrections that had been previously identified but not recorded because they were not material to our consolidated financial statements. These corrections included adjustments to other liabilities, interest expense and certain reclassification entries between interest income and non-interest income. The impact of these corrections on the fiscal 2016 Statement of Operations was to increase interest on loans by $521 thousand and interest expense on advances and other borrowed money by $66 thousand and decrease loan fees and service charges by $521 thousand. The quarterly adjustments in fiscal 2017 represent a reclassification of $78 thousand from non-interest income to loan interest income and the effects in the fiscal year of the restatement adjustments noted above.
| June 30, 2016 |  | September 30, 2016 |  | December 31, 2016 |  | March 31, 2017
$ in thousands, except per share data | Previously Reported |  | Adjustments |  | Restated |  | Previously Reported |  | Adjustments |  | Restated |  | Previously Reported |  | Adjustments |  | Restated |  |
Fiscal 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income | $ | 6,906 |  |  | 14 |  |  | $ | 6,920 |  |  | $ | 6,284 |  |  | 42 |  |  | $ | 6,326 |  |  | $ | 6,104 |  |  | 43 |  |  | $ | 6,147 |  |  | $ | 6,733 |
Interest expense | 1,241 |  |  | 21 |  |  | 1,262 |  |  | 1,401 |  |  | (178 | ) |  | 1,223 |  |  | 1,282 |  |  | — |  |  | 1,282 |  |  | 1,151 |
Net interest income | 5,665 |  |  | (7 | ) |  | 5,658 |  |  | 4,883 |  |  | 220 |  |  | 5,103 |  |  | 4,822 |  |  | 43 |  |  | 4,865 |  |  | 5,582 |
(Recovery of) provision for loan losses | (204 | ) |  | — |  |  | (204 | ) |  | (160 | ) |  | — |  |  | (160 | ) |  | (128 | ) |  | — |  |  | (128 | ) |  | 521 |
Non-interest income | 1,163 |  |  | (23 | ) |  | 1,140 |  |  | 1,278 |  |  | (21 | ) |  | 1,257 |  |  | 1,105 |  |  | (34 | ) |  | 1,071 |  |  | 1,150 |
Non-interest expense | 6,587 |  |  | 53 |  |  | 6,640 |  |  | 6,573 |  |  | 198 |  |  | 6,771 |  |  | 7,211 |  |  | (254 | ) |  | 6,957 |  |  | 8,163 |
Income tax expense | 37 |  |  | — |  |  | 37 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 82 |
Net income (loss) | $ | 408 |  |  | $ | (83 | ) |  | $ | 325 |  |  | $ | (252 | ) |  | $ | 1 |  |  | $ | (251 | ) |  | $ | (1,156 | ) |  | $ | 263 |  |  | $ | (893 | ) |  | $ | (2,034 | )
Earnings (loss) per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.04 |  |  | $ | — |  |  | 0.04 |  |  | $ | (0.07 | ) |  | $ | — |  |  | (0.07 | ) |  | $ | (0.31 | ) |  | $ | 0.07 |  |  | (0.24 | ) |  | $ | (0.55 | )
Diluted | $ | 0.04 |  |  | $ | — |  |  | 0.04 |  |  | $ | (0.07 | ) |  | $ | — |  |  | (0.07 | ) |  | $ | (0.31 | ) |  | $ | 0.07 |  |  | (0.24 | ) |  | $ | (0.55 | )
| June 30, 2015 |  | September 30, 2015 |  | December 31, 2015 |  | March 31, 2016
$ in thousands, except per share data | Previously Reported |  | Adjustments |  | Restated |  | Previously Reported |  | Adjustments |  | Restated |  | Previously Reported |  | Adjustments |  | Restated |  | Previously Reported |  | Adjustments |  | Restated
Fiscal 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income | $ | 6,208 |  |  | (181 | ) |  | $ | 6,027 |  |  | $ | 6,730 |  |  | (145 | ) |  | $ | 6,585 |  |  | $ | 7,009 |  |  | (186 | ) |  | $ | 6,823 |  |  | $ | 6,961 |  |  | 168 |  |  | $ | 7,129 |
Interest expense | 1,058 |  |  | 14 |  |  | 1,072 |  |  | 1,093 |  |  | 16 |  |  | 1,109 |  |  | 1,171 |  |  | 17 |  |  | 1,188 |  |  | 1,217 |  |  | 19 |  |  | 1,236 |
Net interest income | 5,150 |  |  | (195 | ) |  | 4,955 |  |  | 5,637 |  |  | (161 | ) |  | 5,476 |  |  | 5,838 |  |  | (203 | ) |  | 5,635 |  |  | 5,744 |  |  | 149 |  |  | 5,893 |
Provision for loan losses | 34 |  |  | — |  |  | 34 |  |  | 643 |  |  | — |  |  | 643 |  |  | 728 |  |  | — |  |  | 728 |  |  | 90 |  |  | — |  |  | 90 |
Non-interest income | 1,193 |  |  | (34 | ) |  | 1,159 |  |  | 1,131 |  |  | (83 | ) |  | 1,048 |  |  | 2,741 |  |  | (24 | ) |  | 2,717 |  |  | 1,470 |  |  | (380 | ) |  | 1,090 |
Non-interest expense | 5,851 |  |  | 87 |  |  | 5,938 |  |  | 6,202 |  |  | 163 |  |  | 6,365 |  |  | 7,214 |  |  | 187 |  |  | 7,401 |  |  | 8,184 |  |  | 229 |  |  | 8,413 |
Income tax expense (benefit) | 13 |  |  | — |  |  | 13 |  |  | 79 |  |  | — |  |  | 79 |  |  | 67 |  |  | — |  |  | 67 |  |  | (31 | ) |  | — |  |  | (31 | )
Net income (loss) | $ | 445 |  |  | $ | (316 | ) |  | $ | 129 |  |  | $ | (156 | ) |  | $ | (407 | ) |  | $ | (563 | ) |  | $ | 570 |  |  | $ | (414 | ) |  | $ | 156 |  |  | $ | (1,029 | ) |  | $ | (460 | ) |  | $ | (1,489 | )
Earnings (loss) per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.05 |  |  | $ | (0.04 | ) |  | $ | 0.01 |  |  | $ | (0.04 | ) |  | $ | (0.11 | ) |  | $ | (0.15 | ) |  | $ | 0.06 |  |  | $ | (0.04 | ) |  | $ | 0.02 |  |  | $ | (0.28 | ) |  | $ | (0.12 | ) |  | (0.40 | )
Diluted | $ | 0.05 |  |  | $ | (0.04 | ) |  | $ | 0.01 |  |  | $ | (0.04 | ) |  | $ | (0.11 | ) |  | $ | (0.15 | ) |  | $ | 0.06 |  |  | $ | (0.04 | ) |  | $ | 0.02 |  |  | $ | (0.28 | ) |  | $ | (0.12 | ) |  | (0.40 | )

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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