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Employee Benefit and Stock Compensation Plans Employee Benefit and Stock Compensation Plans (Tables)
12 Months Ended
Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Restricted Stock Activity
Information regarding nonvested shares of restricted stock awards outstanding for the years ended March 31 is as follows:
 
2019
 
2018
 
Shares
 
Weighted Average
Grant Price
 
Shares
 
Weighted Average
Grant Price
Outstanding, beginning of year
3,400

 
$
4.52

 
3,200

 
$
5.56

Granted

 

 
1,000

 
3.48

Vested
(1,050
)
 
5.06

 
(800
)
 
5.56

Forfeited
400

 
5.56

 

 

Outstanding, end of year
1,950

 
$
4.76

 
3,400

 
$
4.52

Stock Options, Activity
Information regarding stock options as of and for the years ended March 31 is as follows:
 
2019
 
2018
 
Options
 
Weighted
Average
Exercise
Price
 
Options
 
Weighted
Average
Exercise
Price
Outstanding, beginning of year
5,133

 
$
8.53

 
4,133

 
$
8.53

Granted

 

 
1,000

 
3.48

Exercised

 

 

 

Expired/Forfeited
400

 
5.56

 

 

Outstanding, end of year
4,733

 
$
7.71

 
5,133

 
$
8.53

Exercisable, at year end
3,383

 
 
 
1,733

 
 


Shares Authorized under Stock Option Plans, by Exercise Price Range
Information regarding stock options as of March 31, 2019 is as follows :
 
 
 
Options Outstanding
 
Options Exercisable
Range of
Exercise Prices
 
Shares
 
Weighted
Average
Remaining
Life
 
Weighted
Average
Exercise
Price
 
Shares
 
Weighted
Average
Exercise
Price
$
3.00

$
5.00

 
1,000

 
8.71
 
$
3.48

 
250

 
$
3.48

$
5.00

$
5.99

 
3,600

 
6.23
 
$
5.56

 
3,000

 
$
5.56

90.00

$
104.85

 
133

 
1.36
 
97.50

 
133

 
97.50

 Total
 
 
4,733

 
 
 
 
 
3,383

 
 
Stock Options, Valuation Assumptions
The fair value of the option grants was estimated on the date of the grant using the Black-Scholes option pricing model applying the following weighted average assumptions for the years ended March 31:
 
2019
 
2018
Risk-free interest rate
N/A
 
2.74
%
Volatility
N/A
 
10
%
Expected life of option grants (years)
N/A
 
7.5