DOCUMENT AND ENTITY INFORMATION	9 Months Ended
DOCUMENT AND ENTITY INFORMATION	Dec. 31, 2011	Feb. 13, 2012
Entity Registrant Name	FIRST ROBINSON FINANCIAL CORP
Entity Central Index Key	0001035991
Current Fiscal Year End Date	--03-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	frfc
Entity Common Stock, Shares Outstanding		426,744
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2011
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2012

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands	Dec. 31, 2011	Mar. 31, 2011
ASSETS
Cash and due from banks	$ 8,127	$ 9,546
Interest-bearing deposits	30,418	17,813
Cash and cash equivalents	38,545	27,359
Held-to maturity securities (fair values of $1,342 and $0)	1,225	0
Available-for-sale securities	44,203	51,677
Loans, held for sale	508	354
Loans, net of allowance for loan losses of $1,290 and $1,145 at December 31, 2011 and March 31, 2011, respectively	127,449	120,164
Federal Reserve and Federal Home Loan Bank stock	1,189	1,056
Premises and equipment, net	4,185	3,848
Foreclosed assets held for sale, net	25	218
Interest receivable	886	914
Prepaid income taxes	0	249
Cash surrender value of life insurance	1,595	1,556
Other assets	1,532	1,436
Total Assets	221,342	208,831
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits	182,768	176,352
Other borrowings	15,821	15,620
Short-term borrowings	2,000	1,800
Advances from borrowers for taxes and insurance	219	274
Accrued income taxes	47	0
Deferred income taxes	524	512
Interest payable	130	183
Other liabilities	1,234	1,325
Total Liabilities	202,743	196,066
Commitments and Contingencies	0	0
Stockholders' Equity
Preferred stock, $.01 par value, $1,000 liquidation value; authorized 500,000 shares, 4,900 shares and 0 shares issued and outstanding at December 31, 2011 and March 31, 2011	4,900	0
Common stock, $ .01 par value; authorized 2,000,000 shares; 859,625 shares issued; 426,744 shares outstanding at December 31, 2011 and 427,149 at March 31, 2011	9	9
Additional paid-in capital	8,639	8,781
Retained earnings	12,359	11,212
Accumulated other comprehensive income	804	861
Treasury stock, at cost Common: December 31, 2011- 432,881 shares and March 31, 2011- 432,476 shares	(8,112)	(8,098)
Total Stockholders' Equity	18,599	12,765
Total Liabilities and Stockholders' Equity	$ 221,342	$ 208,831

CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] (USD $) In Thousands, except Share data	Dec. 31, 2011	Mar. 31, 2011
Held-to maturity securities fair values (in dollars)	$ 1,342	$ 0
Allowance for loan losses (in dollars)	$ 1,290	$ 1,145
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, liquidation preference per share	$ 1,000	$ 1,000
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	4,900	0
Preferred stock, shares outstanding	4,900	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	2,000,000	2,000,000
Common stock, shares issued	859,625	859,625
Common stock, shares outstanding	426,744	427,149
Treasury stock, shares	432,881	432,476

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $) In Thousands, except Per Share data	3 Months Ended		9 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011	Dec. 31, 2010
Interest and Dividend Income:
Loans	$ 1,762	$ 1,719	$ 5,173	$ 4,884
Securities:
Taxable	299	378	1,020	1,249
Tax-exempt	33	29	95	89
Other interest income	15	10	33	19
Dividends on FRB and FHLB stocks	4	3	10	8
Total Interest and Dividend Income	2,113	2,139	6,331	6,249
Interest Expense:
Deposits	342	578	1,171	1,789
Other borrowings	24	26	76	80
Total Interest Expense	366	604	1,247	1,869
Net Interest Income	1,747	1,535	5,084	4,380
Provision for Loan Losses	150	75	555	165
Net Interest Income after Provision for Loan Losses	1,597	1,460	4,529	4,215
Non-interest income:
Charges and fees on deposit accounts	263	239	753	728
Charges and other fees on loans	117	107	338	265
Net gain on sale of loans	192	207	630	548
Net gain (loss) on sale of foreclosed property	(6)	0	(11)	15
Net gain on sale of equipment	0	0	0	4
Other	143	142	438	409
Total Non-Interest Income	709	695	2,148	1,969
Non-interest expense:
Compensation and employee benefits	751	680	2,282	2,218
Occupancy and equipment	195	198	563	549
Data processing and telecommunications	118	114	361	317
Audit, legal and other professional	68	62	188	204
Advertising	66	64	213	198
FDIC insurance	11	55	78	159
Foreclosed property expense	1	7	19	11
Other	185	177	532	504
Total Non-Interest Expense	1,395	1,357	4,236	4,160
Income before income taxes	911	798	2,441	2,024
Provision for income taxes	336	275	893	681
Net Income	575	523	1,548	1,343
Preferred stock dividends	12	0	17
Net income available to common stockholders	563	523	1,531	1,343
Earnings Per Common Share-Basic (in dollars per share)	$ 1.37	$ 1.27	$ 3.73	$ 3.25
Earnings Per Common Share-Diluted (in dollars per share)	$ 1.32	$ 1.22	$ 3.58	$ 3.13
Comprehensive Income:
Net income available to common stockholders	563	523	1,531	1,343
Other comprehensive income, net of tax:
Change in unrealized appreciation on securities available for sale, net of tax of $(61) and $(127) for the three months ended December 30, 2011 and 2010, respectively and $(5) and $(67) for the nine months ended December 30, 2011 and 2010, respectively	(145)	(201)	(57)	(106)
Total comprehensive income	$ 418	$ 322	$ 1,474	$ 1,237

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME [Parenthetical] (USD $) In Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011	Dec. 31, 2010
Tax on unrealized (depreciation) appreciation on available-for-sale securities (in dollars)	$ (61)	$ (127)	$ (5)	$ (67)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $) In Thousands, except Share data	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Treasury Stock [Member]	Total
Balance at Mar. 31, 2010	$ 0	$ 9	$ 8,783	$ 10,182	$ 976	$ (7,905)	$ 12,045
Balance (in shares) at Mar. 31, 2010	0	433,198
Net income				1,343			1,343
Change in unrealized appreciation on available for sale securities, net of taxes					(106)		(106)
Treasury shares purchased						(174)	(174)
Treasury shares purchased (in shares)		(5,449)
Dividends on common stock				(365)			(365)
Purchase of incentive shares			(14)				(14)
Balance at Dec. 31, 2010	0	9	8,769	11,160	870	(8,079)	12,729
Balance (in shares) at Dec. 31, 2010	0	427,749
Balance at Mar. 31, 2011	0	9	8,781	11,212	861	(8,098)	12,765
Balance (in shares) at Mar. 31, 2011	0	427,149
Net income				1,548			1,548
Change in unrealized appreciation on available for sale securities, net of taxes					(57)		(57)
Series A Preferred Shares Issued	4,900		(128)				4,772
Series A Preferred Shares Issued (in shares)	4,900
Treasury shares purchased						(14)	(14)
Treasury shares purchased (in shares)		(405)
Dividends on common stock				(384)			(384)
Dividends on preferred shares				(17)			(17)
Purchase of incentive shares			(14)				(14)
Balance at Dec. 31, 2011	$ 4,900	$ 9	$ 8,639	$ 12,359	$ 804	$ (8,112)	$ 18,599
Balance (in shares) at Dec. 31, 2011	4,900	426,744

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY [Parenthetical] (USD $) In Thousands, except Per Share data	9 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Tax on unrealized (depreciation) appreciation on available-for-sale securities (in dollars)	$ (5)	$ (67)
Dividends on common stock per share (in dollars per share)	$ 0.90	$ 0.85
Dividends on preferred stock per share (in dollars per share)	$ 3.47

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands	9 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Cash flows from operating activities:
Net income	$ 1,548	$ 1,343
Items not requiring (providing) cash
Depreciation and amortization	270	233
Provision for loan losses	555	165
Amortization of premiums and discounts on securities	208	204
Amortization of loan servicing rights	158	202
Deferred income taxes	17	(238)
Originations of mortgage loans held for sale	(31,010)	(33,325)
Proceeds from the sale of mortgage loans	31,485	33,604
Net gain on loans sold	(630)	(548)
Net (gain) loss on sale of foreclosed property	11	(15)
Net gain on sale of equipment	0	(4)
Cash surrender value of life insurance	(39)	(37)
Changes in:
Interest receivable	28	81
Interest payable	(53)	(48)
Other assets	(261)	13
Other liabilities	(91)	42
Income taxes	296	341
Net cash provided by operating activities	2,492	2,013
Cash flows from investing activities:
Purchase of available-for-sale securities	(5,093)	(2,631)
Purchase of held-to-maturity securities	(1,380)	0
Proceeds from maturities of available-for-sale securities	6,139	3,550
Proceeds from maturities of held-to-maturity securities	155	0
Repayment of principal on mortgage-backed securities	6,158	7,737
Purchase of Federal Home Loan Bank stock	0	(43)
Purchase of Federal Reserve Bank stock	(133)	0
Net change in loans	(7,829)	(20,742)
Purchase of premises and equipment	(600)	(117)
Proceeds from sale of equipment	0	24
Proceeds from sale of foreclosed assets	172	67
Net cash used in investing activities	(2,411)	(12,155)
Cash flows from financing activities:
Net increase in deposits	6,416	26,886
Federal funds purchased	0	15,025
Repayment of federal funds purchased	0	(15,025)
Proceeds from other borrowings	132,587	97,877
Repayment of other borrowings	(132,386)	(99,347)
Net change in short-term borrowings	200	100
Purchase of incentive plan shares	(14)	(14)
Purchase of treasury stock	(14)	(174)
Proceeds from sale of preferred stock, net	4,772	0
Dividends paid on common shares	(384)	(365)
Dividends paid on preferred shares	(17)	0
Net decrease in advances from borrowers for taxes and insurance	(55)	(23)
Net cash provided by financing activities	11,105	24,940
Increase in cash and cash equivalents	11,186	14,798
Cash and cash equivalents at beginning of period	27,359	17,889
Cash and cash equivalents at end of period	38,545	32,687
Supplemental Cash Flows Information:
Interest paid	1,300	1,917
Income taxes paid (net of refunds)	546	454
Real estate acquired in settlement of loans	10	70
Internally financed sales of other real estate owned	$ 21	$ 0

Basis Of Presentation

9 Months Ended

Dec. 31, 2011

Organization, Consolidation and Presentation Of Financial Statements [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

Basis of Presentation

The condensed consolidated financial statements include the accounts of First Robinson Financial Corporation (the “Company”) and its wholly owned subsidiary, First Robinson Savings Bank, National Association (the “Bank”). All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying condensed consolidated financial statements are unaudited and should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Form 10-K filed with the Securities and Exchange Commission. The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with the rules and regulations for reporting on Form 10-Q and Article 8-03 of Regulation of S-X. Accordingly, they do not include information or footnotes necessary for a complete presentation of financial condition, results of operations, changes in stockholders’ equity, and cash flows in conformity with accounting principles generally accepted in the United States of America. In the opinion of management of the Company, the unaudited condensed consolidated financial statements reflect all adjustments (consisting of normal recurring adjustments) necessary to present fairly the financial position of the Company at December 31, 2011, the results of its operations for the three and nine month periods ended December 31, 2011 and 2010, the changes in stockholders’ equity for the nine month periods ended December 31, 2011 and 2010, and cash flows for the nine month periods ended December 31, 2011 and 2010. The results of operations for those months ended December 31, 2011 are not necessarily indicative of the results to be expected for the full year.

The Condensed Consolidated Balance Sheet of the Company, as of March 31, 2011, has been derived from the audited Consolidated Balance Sheet for the Company as of that date.

Certain reclassifications have been made to the 2010 consolidated financial statements to conform to the 2011 financial statement presentation. These classifications had no effect on net income.

Recent Accounting Pronouncements

9 Months Ended

Dec. 31, 2011

Accounting Changes and Error Corrections [Abstract]

Accounting Changes and Error Corrections [Text Block]

Recent Accounting Pronouncements

In April 2011, FASB issued ASU No. 2011-03 “Reconsideration of Effective Control for Repurchase Agreements.” The amendments in this ASU remove from the assessment of effective control the criterion relating to the transferor’s ability to repurchase or redeem financial assets on substantially the agreed terms, even in the event of default by the transferee. The amendments in this ASU also eliminate the requirement to demonstrate that the transferor possesses adequate collateral to fund substantially all the cost of purchasing replacement financial assets. The guidance in this ASU is effective for the first interim or annual period beginning on or after December 15, 2011. The guidance should be applied prospectively to transactions or modifications of existing transactions that occur on or after the effective date. Early adoption is not permitted. The Company will adopt the methodologies prescribed by this ASU by the date required and the ASU is not expected to have a material effect on its financial position or results of operations.

In May 2011, FASB issued ASU No. 2011-04 “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs.” The amendments in this ASU generally represent clarifications of Topic 820, but also include some instances where a particular principle or requirement for measuring fair value or disclosing information about fair value measurements has changed. This ASU results in common principles and requirements for measuring fair value and for disclosing information about fair value measurements in accordance with U.S. GAAP and IFRSs. The amendments in this ASU are to be applied prospectively. For public entities, the amendments are effective during interim and annual periods beginning after December 15, 2011. Early application by public entities is not permitted. The Company will adopt the methodologies prescribed by this ASU by the date required and the adoption is not expected to have a material effect on its financial position or results of operations.

In December 2011, the FASB issued FASB ASU No. 2011-12 which temporarily defers the effective date for disclosures related to reclassification adjustments within accumulated other comprehensive income and should continue to report reclassifications out of accumulated other comprehensive income consistent within the presentation requirements in effect before FASB ASU No. 2011-05. The adoption of this accounting standard is not expected to have a material impact on the Company’s financial position and results of operations.

Fair Value Measurements

9 Months Ended

Dec. 31, 2011

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

3.	Fair Value Measurements

ASC Topic 820, Fair Value Measurements, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. FASB ASC No. 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

	Level 1	Quoted prices in active markets for identical assets or liabilities.

	Level 2	Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

	Level 3	Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Following is a description of the valuation methodologies and inputs used for instruments measured at fair value on a recurring basis and recognized in the accompanying condensed consolidated balance sheet at December 31, 2011 and March 31, 2011.

Available-for-Sale Securities

The fair value of available-for-sale securities are determined by various valuation methodologies. Where quoted market prices are available in an active market, securities are classified within Level 1. The Company has no Level 1 securities. If quoted market prices are not available, then fair values are estimated using pricing models or quoted prices of securities with similar characteristics. Level 2 securities include obligations of U.S. government corporations and agencies, obligations of states and political subdivisions, and mortgage-backed securities. The value of the Company’s Level 2 securities is set forth below. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy. The Company has no Level 3 available-for-sale securities.

The following table presents the Company’s assets that are measured at fair value on a recurring basis and the level within the hierarchy in which the fair value measurements fall as of December 31, 2011 and March 31, 2011 (in thousands):

	Carrying value at December 31, 2011
Description	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

U.S. government sponsored enterprises (GSE)	$	12,934	$	—	$	12,934	$	—
Mortgage-backed, GSE residential		28,217		—		28,217		—
Mortgage-backed, GSE commercial		1,048		—		1,048		—
State and political subdivisions		2,004		—		2,004		—
Total available-for-sale securities	$	44,203	$	—	$	44,203	$	—

	Carrying value at March 31, 2011
Description	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

U.S. government sponsored enterprises (GSE)	$	12,345	$	—	$	12,345	$	—
Mortgage-backed, GSE residential		33,995		—		33,995		—
Mortgage-backed, GSE commercial		1,455		—		1,455		—
State and political subdivisions		3,882		—		3,882		—
Total available-for-sale securities	$	51,677	$	—	$	51,677	$	—

The Company may be required, from time to time, to measure certain other financial assets and liabilities on a nonrecurring basis. These adjustments to fair value usually result from application of lower-of-cost-or-market accounting or write-downs of individual assets. Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a non-recurring basis and recognized in the accompanying balance sheets, as well as the general classification of such assets and liabilities pursuant to the valuation hierarchy.

Impaired Loans (Collateral Dependent)

Loans for which it is probable that the Company will not collect all principal and interest due according to contractual terms are measured for impairment. Allowable methods for estimating fair value include using the fair value of the collateral for collateral dependent loans.

If the impaired loan is identified as collateral dependent, then the fair value method of measuring the amount of the impairment is utilized. This method requires reviewing an independent appraisal of the collateral and applying a discount factor to the value based on management’s estimation process.

Impaired loans are classified within Level 3 of the fair value hierarchy, when impairment is determined using the fair value method. Fair value adjustments on impaired loans were $510,000 for the nine months ended December 31, 2011 and $146,000 for the year ended March 31, 2011.

Mortgage Servicing Rights

The fair value used to determine the valuation allowance is estimated using discounted cash flow models. Due to the nature of the valuation inputs, mortgage servicing rights are classified within Level 3 of the hierarchy.

Foreclosed Assets Held for Sale

Fair value of foreclosed assets held for sale is based on market prices determined by appraisals less discounts for costs to sell. Foreclosed assets held for sale are classified within Level 2 of the valuation hierarchy.

The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2011 and March 31, 2011 (in thousands):

Carrying value at December 31, 2011

Quoted Prices in

Significant

Active Markets

Other

Significant

for Identical

Observable

Unobservable

Assets

Inputs

Description

Fair Value

(Level 1)

(Level 2)

(Level 3)

Impaired loans (collateral dependent)

722

—

722

			Carrying value at March 31, 2011
			Quoted Prices in		Significant
			Active Markets		Other		Significant
			for Identical		Observable		Unobservable
			Assets		Inputs		Inputs
Description	Fair Value		(Level 1)		(Level 2)		(Level 3)

Impaired loans (collateral dependent)	$	212	$	—	$	—	$	212
Mortgage servicing rights		591		—		—		591
Foreclosed assets held for sale, net		218		—		218		—

The following methods were used to estimate fair values of the Company’s financial instruments. The fair values of certain of these instruments were calculated by discounting expected cash flows, which involves significant judgments by management and uncertainties. Fair value is the estimated amount at which financial assets or liabilities could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. Because no market exists for certain of these financial instruments and because management does not intend to sell these financial instruments, the Company does not know whether the fair values shown below represent values at which the respective financial instruments could be sold individually or in the aggregate.

Carrying amount is the estimated fair value for cash and cash equivalents, interest-bearing deposits, loans held for sale, federal funds sold, Federal Reserve and Federal Home Loan Bank stocks, accrued interest receivable and payable, and advances from borrowers for taxes and insurance. Security fair values equal quoted market prices, if available. If quoted market prices are not available, fair value is estimated based on quoted market prices of similar securities. The fair value of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Loans with similar characteristics were aggregated for purposes of the calculations. On demand deposits, savings accounts, NOW accounts, and certain money market deposits the carrying amount approximates fair value. The fair value of fixed-maturity time deposits is estimated using a discounted cash flow calculation that applies the rates currently offered for deposits of similar remaining maturities. On other borrowings and short-term borrowings, rates currently available to the Company for debt with similar terms and remaining maturities are used to estimate the fair value of existing debt. The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of forward sale commitments is estimated based on current market prices for loans of similar terms and credit quality. The fair values of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date.

	December 31, 2011				March 31, 2011
	Carrying				Carrying
	Amount		Fair Value		Amount		Fair Value
	(In thousands)
Financial assets
Cash and cash equivalents	$	8,127	$	8,127	$	9,546	$	9,546
Interest-bearing deposits		30,418		30,418		17,813		17,813
Held-to-maturity securities		1,225		1,342		—		—
Available-for-sale securities		44,203		44,203		51,677		51,677
Loans held for sale		508		508		354		354
Loans, net of allowance for loan losses		127,449		129,048		120,164		121,796
Federal Reserve and Federal Home Loan Bank stock		1,189		1,189		1,056		1,056
Interest receivable		886		886		914		914

Financial liabilities
Deposits		182,768		178,425		176,352		164,566
Other borrowings		15,821		15,821		15,620		15,623
Short-term borrowings		2,000		2,000		1,800		1,800
Advances from borrowers for taxes and insurance		219		219		274		274
Interest payable		130		130		183		183

Unrecognized financial instruments (net of contract amount)
Commitments to originate loans		—		—		—		—
Letters of credit		—		—		—		—
Lines of credit		—		—		—		—

Federal Home Loan Bank Stock

9 Months Ended

Dec. 31, 2011

Federal Home Loan Bank Stock Disclosure [Abstract]

Federal Home Loan Bank Stock Disclosure [Text Block]

Federal Home Loan Bank Stock

The Company owns approximately $879,000 of Federal Home Loan Bank of Chicago (“FHLB”) stock. The FHLB of Chicago is operating under a Cease and Desist Order from its regulator, the Federal Housing Finance Agency (“FHFA”). The FHLB’s new capital structure and excess stock repurchase plan was approved by the FHFA. The repurchase plan allows for the FHLB to repurchase approximately $500 million in excess capital stock held by its members which will represent 45% of the excess stock outstanding. The FHLB will continue to provide liquidity and funding through advances and access for members to sell loans to FNMA through the MPF X-tra program. With regard to dividends, the FHLB will continue to assess their dividend capacity each quarter and make the appropriate request for approval. The FHLB did not pay a dividend during 2010; however in 2011, the FHLB declared and paid four dividends at an annualized rate of 10 basis points per share. Management performed an analysis and deemed the Company’s cost method investment in FHLB stock to be recoverable as of December 31, 2011.

Authorized Share Repurchase Program

9 Months Ended

Dec. 31, 2011

Stockholders Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

5.	Authorized Share Repurchase Program

The share repurchase program approved by the Board of Directors on August 17, 2010 expired August 16, 2011 with 1,555 shares purchased of the 5,000 shares approved in the program. On September 20, 2011, the Board of Directors voted to approve an additional stock repurchase program of 5,000 shares, or approximately 1.2%, of the Company’s issued and outstanding shares. The repurchase program will expire upon the earlier of the completion of the purchase of an aggregate of shares or September 19, 2012. As of December 31, 2011, there have been 405 shares purchased in the current program.

Investment Securities

9 Months Ended

Dec. 31, 2011

Investments, Debt and Equity Securities [Abstract]

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

6.	Investment Securities

The amortized cost and approximate fair values of securities are as follows:

Available-for-sale Securities	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Approximate Fair Value
	(In thousands)
December 31, 2011
U.S. government sponsored enterprises (GSE)	$	12,793	$	141	$	—	$	12,934
Mortgage-backed securities, GSE, residential		27,028		1,195		6		28,217
Mortgage-backed securities, GSE, commercial		1,072		—		24		1,048
State and political subdivisions		1,965		39		—		2,004

	$	42,858	$	1,375	$	30	$	44,203

March 31, 2011
U.S. government sponsored enterprises (GSE)	$	12,082	$	263	$	—	$	12,345
Mortgage-backed securities, GSE residential		32,868		1,127		—		33,995
Mortgage-backed securities, GSE, commercial		1,491		—		36		1,455
State and political subdivisions		3,829		54		1		3,882

	$	50,270	$	1,444	$	37	$	51,677

Held-to-maturity Securities	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Approximate Fair Value
	(In thousands)
December 31, 2011
State and political subdivisions	$	1,225	$	117	$	—	$	1,342

The Company had no held-to-maturity securities at March 31, 2011.

The amortized cost and fair value of available-for-sale and held-to-maturity securities at December 31, 2011, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Available-for-sale				Held-to-maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In thousands)

Within one year	$	7,822	$	7,907	$	205	$	206
One to five years		6,936		7,031		215		221
Five to ten years		—		—		515		577
Over ten years		—		—		290		338

		14,758		14,938		1,225		1,342
Mortgage-backed securities		28,100		29,265		—		—

Totals	$	42,858	$	44,203	$	1,225	$	1,342

There were no sales of investment securities during the three months or nine months ended December 31, 2011 or December 31, 2010.

The following table shows our investments’ gross unrealized losses and fair value (in thousands), aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2011 and March 31, 2011. At December 31, 2011, the Company does not hold any security that it considers other-than-temporarily impaired.

Description of Securities	Less than 12 Months				More than 12 Months				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(In thousands)
As of December 31, 2011
Mortgage-backed securities, GSE, residential	$	1,825	$	6	$	—	$	—	$	1,825	$	6
Mortgage-backed securities, GSE, commercial		—		—		1,048		24		1,048		24
Total temporarily impaired securities	$	1,825	$	6	$	1,048	$	24	$	2,873	$	30

As of March 31, 2011
Mortgage-backed securities, GSE, residential	$	1,455	$	36	$	—	$	—	$	1,455	$	36
State and political subdivisions		226		1		—		—		226		1
Total temporarily impaired securities	$	1,681	$	37	$	—	$	—	$	1,681	$	37

There are four securities in unrealized loss positions in the investment portfolio at December 31, 2011, due to interest rate changes, not credit events. The unrealized losses are considered temporary and, therefore, have not been recognized, because the issuers are of high credit quality and the Bank has the ability and intent to hold for the foreseeable future. The fair values are expected to recover as the investments approach their maturity dates or there is a downward shift in interest rates. All but one of the mortgage-backed securities in the portfolio are residential properties. One of the mortgage-backed securities with a temporary loss is secured by 5 or more dwelling units.

Loans and Allowance for Loan Losses

9 Months Ended

Dec. 31, 2011

Loans and Allowance For Loan Losses [Abstract]

Loans and Allowance For Loan Losses [Text Block]

7. Loans and Allowance for Loan Losses

Classes of loans, including loans held for sale, at December 31, 2011 and March 31 include:

	December 31, 2011		March 31, 2011
	(In thousands)
Mortgage loans on real estate:
Residential:
1-4 Family	$	45,518	$	41,954
Second mortgages		1,345		1,542
Construction		4,624		5,362
Equity lines of credit		3,993		3,761
Commercial and farmland		37,570		33,898
Total mortgage loans on real estate		93,050		86,517
Commercial loans and agricultural finance		18,941		19,132
Consumer/other loans		17,218		15,852
States and municipal government loans		1,326		764
Total Loans		130,535		122,265

Less
Net deferred loan fees, premiums and discounts		17		12
Undisbursed portion of loans		1,271		590
Allowance for loan losses		1,290		1,145

Net loans	$	127,957	$	120,518

The Company is a community-oriented financial institution that seeks to serve the financial needs of the residents and businesses in its market area. The Company considers Crawford County and surrounding counties in Illinois and Knox County and surrounding counties in Indiana as its market area. The principal business of the Company has historically consisted of attracting retail deposits from the general public and primarily investing those funds in one- to four-family residential real estate loans, commercial, multi-family and agricultural real estate loans, consumer loans, and commercial business and agricultural finance loans. For the most part, loans are collateralized by assets, primarily real estate, of the borrowers and guaranteed by individuals. Repayment of the loans is expected to come from cash flows of the borrowers or from proceeds from the sale of selected assets of the borrowers.

Loan originations are developed from continuing business with (i) depositors and borrowers, (ii) real estate broker referrals, (iii) auto dealer referrals, and (iv) walk-in customers. All of the Company’s lending is subject to its written underwriting standards and loan origination procedures. Upon receipt of a loan application, it is first reviewed by a loan officer in the loan department who checks applications for accuracy and completeness. The Company’s underwriting department then gathers the required information to assess the borrower’s ability to repay the loan, the adequacy of the proposed collateral, the employment stability and the credit-worthiness of the borrower. The financial resources of the borrower and the borrower’s credit history, as well as the collateral securing the loan, are considered an integral part of each risk evaluation prior to approval. A credit report is obtained to verify specific information relating to the applicant’s employment and credit standing. Income is verified using W-2 information, tax returns or pay-stubs of the potential borrower. In the case of a real estate loan, an appraisal of the real estate intended to secure the proposed loan is undertaken by an independent appraiser approved by the Company. The board of directors has established individual lending authorities for each loan officer by loan type. Loans over an individual officer’s lending limits must be approved by a loan officer with a higher lending limit, with the highest being that of the president and senior loan officer who have a combined lending authority up to $500,000. Loans with a principal balance over this limit must be approved by the directors’ loan committee, which meets weekly and consists of the chairman of the board, all outside directors, the president, the senior loan officer and loan officers. The senior loan officer and loan officers do not vote on the loans presented. The board of directors ratifies all loans that are originated. Once the loan is approved, the applicant is informed and a closing date is scheduled. Loan commitments are typically funded within 30 days.

The Company requires evidence of marketable title and lien position or appropriate title insurance on all loans secured by real property. The Company also requires fire and extended coverage casualty insurance in amounts at least equal to the lesser of the principal amount of the loan or the value of improvements on the property, depending on the type of loan. As required by federal regulations, the Company also requires flood insurance to protect the property securing its interest if such property is located in a designated flood area.

The Company’s lending can be summarized into five primary areas; residential real estate loans, commercial real estate and farmland loans, commercial and agricultural finance loans, consumer loans and loans to state and municipal government loans. A description of each of the lending areas can be found in the Company’s Annual Report on Form 10-K for the year ended March 31, 2011. The significant majority of the lending activity occurs in the Company’s Illinois market, with the remainder in the Indiana market. Management reserves the right to change the amount or type of lending in which it engages to adjust to market or other factors.

The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance.

The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. Management’s evaluation is also subject to review and potential change, by bank regulatory authorities.

The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers nonclassified loans and is based on historical charge-off experience and expected loss given default derived from the Company’s internal risk rating process. Other adjustments may be made to the allowance for pools of loans after an assessment of internal and external influences on credit quality that are not fully reflected in the historical loss or risk rating data.

There have been no significant changes to the Company’s accounting policies or methodology from the prior periods.

The following tables present the balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method as of December 31, 2011 and March 31, 2011:

	For Nine Months Ended December 31, 2011
	Commercial Real Estate		Residential Real Estate			Commercial		Consumer/ Other Loans		State and Municipal Government		Total
	(In thousands)
Allowance for loan losses:
Balance at March 31, 2011	$	365	$	581		$	168	$	31	$	—	$	1,145
Provision charged to expense		8		(101	)		527		121		—		555
Losses charged off		61		26			297		50		—		434
Recoveries		—		—			—		24		—		24
Balance, end of period	$	312	$	454		$	398	$	126	$	—	$	1,290

	For Three Months Ended December 31, 2011
	Commercial Real Estate		Residential Real Estate		Commercial		Consumer/ Other Loans		State and Municipal Government		Total
	(In thousands)
Allowance for loan losses:
Balance at September 30, 2011	$	304	$	429	$	349	$	67	$	—	$	1,149
Provision charged to expense		8		25		49		68		—		150
Losses charged off		—		—		—		18		—		18
Recoveries		—		—		—		9		—		9
Balance, end of period	$	312	$	454	$	398	$	126	$	—	$	1,290

The following table presents the activity in the allowance for loan losses for the three-month and nine-month periods ended December 31, 2010:

	For Nine Months Ended December 31, 2010
	Commercial Real Estate			Residential Real Estate		Commercial			Consumer/ Other Loans		State and Municipal Government		Total
	(In thousands)
Allowance for loan losses:
Balance at March 31, 2010	$	593		$	72	$	279		$	29	$	—	$	973
Provision charged to expense		(95	)		303		(70	)		27		—		165
Losses charged off		18			31		1			40		—		90
Recoveries		24			—		—			30		—		54
Balance, end of period	$	504		$	344	$	208		$	46	$	—	$	1,102

	For Three Months Ended December 31, 2010
	Commercial Real Estate			Residential Real Estate		Commercial			Consumer/ Other Loans		State and Municipal Government		Total
	(In thousands)

Allowance for loan losses:
Balance at September 30, 2010	$	548		$	143	$	331		$	38	$	—	$	1,060
Provision charged to expense		(26	)		201		(122	)		22		—		75
Losses charged off		18			—		1			19		—		38
Recoveries		—			—		—			5		—		5
Balance, end of period	$	504		$	344	$	208		$	46	$	—	$	1,102

Management’s opinion as to the ultimate collectability of loans is subject to estimates regarding future cash flows from operations and the value of property, real and personal, pledged as collateral. These estimates are affected by changing economic conditions and the economic prospects of borrowers.

Credit Quality Indicators

The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis is performed on all loans at origination. In addition, commercial lending relationships over $100,000 are reviewed annually by the credit analyst or senior loan officer in our loan department in order to verify risk ratings. The Company uses the following definitions for risk ratings:

Watch – Loans classified as watch have minor weaknesses or negative trends. The is a possibility that some loss could be sustained.

Special Mention – Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date.

Substandard – Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

Doubtful – Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.

Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be Pass rated loans.

The following tables present the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of December 31, 2011 and March 31, 2011:

	December 31, 2011
	Commercial Real Estate		Residential Real Estate		Commercial		Consumer/ Other Loans		State and Municipal Government		Total
	(In thousands)
Rating:
Pass	$	31,842	$	53,985	$	16,989	$	16,929	$	1,200	$	120,945
Watch		4,953		779		763		153		126		6,774
Special Mention		121		133		477		10		—		741
Substandard		476		415		707		70		—		1,668
Doubtful		178		168		5		56		—		407
Total	$	37,570	$	55,480	$	18,941	$	17,218	$	1,326	$	130,535

	March 31, 2011
	Commercial Real Estate		Residential Real Estate		Commercial		Consumer/ Other Loans		State and Municipal Government		Total
	(In thousands)
Rating:
Pass	$	31,664	$	51,798	$	17,767	$	15,703	$	634	$	117,566
Watch		1,627		296		423		65		130		2,541
Special Mention		287		146		677		—		—		1,110
Substandard		81		272		259		27		—		639
Doubtful		239		107		6		57		—		409
Total	$	33,898	$	52,619	$	19,132	$	15,852	$	764	$	122,265

The following tables present the Company’s loan portfolio aging analysis as of December 31, 2011 and March 31, 2011:

	December 31, 2011
	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Non- accrual		Total Loans Past Due and Non- accrual		Current		Total Loans Receivable
	(In thousands)
Real Estate:
Residential:
1-4 Family	$	143	$	—	$	94	$	79	$	316	$	45,202	$	45,518
Construction		110		—		—		—		110		4,514		4,624
Second mortgages		—		—		—		—		—		1,345		1,345
Equity lines of credit		—		—		—		9		9		3,984		3,993
Commercial real estate		—		—		—		178		178		37,392		37,570
Commercial		520		489		—		5		1,014		17,927		18,941
Consumer/other loans		162		9		—		78		249		16,969		17,218
State and municipal government		—		—		—		—		—		1,326		1,326

Total	$	935	$	498	$	94	$	349	$	1,876	$	128,659	$	130,535

	March 31, 2011
	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Non-accrual		Total Loans Past Due and Non-accrual		Current		Total Loans Receivable
	(In thousands)
Real Estate:
Residential:
1-4 Family	$	121	$	—	$	—	$	52	$	173	$	41,781	$	41,954
Construction		—		—		—		—		—		5,362		5,362
Second mortgages		—		—		—		—		—		1,542		1,542
Equity lines of credit		—		—		—		—		—		3,761		3,761
Commercial real estate		—		—		—		239		239		33,659		33,898
Commercial		—		333		—		6		339		18,793		19,132
Consumer/other loans		23		—		—		40		63		15,789		15,852
State and municipal government		—		—		—		—		—		764		764

Total	$	144	$	333	$	—	$	337	$	814	$	121,451	$	122,265

The accrual of interest on mortgage and commercial loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is passed on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful.

All interest accrued but not collected for loans that are placed on nonaccrual or charged off are reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual basis when all the principal and interest amounts contractually due are brought current and future payments are reasonable assured.

A loan is considered impaired, in accordance with the impairment accounting guidance (ASC 310-10-35-16), when based on current information and events, it is probable the Company will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. Impaired loans include nonperforming commercial loans but also include loans modified in troubled debt restructurings where concessions have been granted to borrowers experiencing financial difficulties. These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection.

Impairment is measured on a loan-by-loan basis by either the present value of the expected future cash flows, the loan’s observable market value, or, for collateral-dependent loans, the fair value of the collateral adjusted for market conditions and selling expenses. Significant restructured loans are considered impaired in determining the adequacy of the allowance for loan losses.

The Company actively seeks to reduce its investment in impaired loans. The primary tools to work through impaired loans are settlement with the borrowers or guarantors, foreclosure of the underlying collateral, or restructuring.

The Company will restructure loans when the borrower demonstrates the inability to comply with the terms of the loan, but can demonstrate the ability to meet acceptable restructured terms. Restructurings generally include one or more of the following restructuring options; reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance, or other actions intended to maximize collection. Restructured loans in compliance with modified terms are classified as impaired.

The following tables present impaired loans for the three and nine months ended December 31, 2011 and the year ended March 31, 2011:

							Three Months Ended				Nine Months Ended
	December 31, 2011						December 31, 2011				December 31, 2011
	Recorded Balance		Unpaid Principal Balance		Specific Allowance		Average Investment in Impaired Loans		Interest Income Recognized		Average Investment in Impaired Loans		Interest Income Recognized
	(In thousands)
Loans without a specific valuation allowance:
Residential	$	140	$	140	$	—	$	93	$	1	$	78	$	5
Commercial real estate		178		391		—		178		—		196		—
Consumer		2		2		—		2		—		10		—
Commercial		1		1		—		2		—		66		—
Loans with a specific valuation allowance:
Residential		224		224		31		219		2		220		7
Commercial real estate		—		—		—		—		—		—		—
Consumer		98		98		32		60		—		40		4
Commercial		494		494		44		495		3		296		8
Total:
Residential	$	364	$	364	$	31	$	312	$	3	$	298	$	12
Commercial real estate	$	178	$	391	$	—	$	178	$	—	$	196	$	—
Consumer	$	100	$	100	$	32	$	62	$	—	$	50	$	4
Commercial	$	495	$	495	$	44	$	497	$	3	$	362	$	8

	March 31, 2011
	Recorded Balance		Unpaid Principal Balance		Specific Allowance		Average Investment in Impaired Loans		Interest Income Recognized
	(In thousands)
Loans without a specific valuation allowance:
Residential	$	97	$	97	$	—	$	67	$	6
Commercial real estate		239		391		—		48		6
Consumer		40		40		—		13		1
Commercial		5		5		—		1		1
Loans with a specific valuation allowance:
Residential		218		218		27		294		13
Commercial real estate		—		—		—		97		—
Consumer		21		21		9		17		1
Commercial		6		6		3		38		—
Total:
Residential	$	315	$	315	$	27	$	361	$	19
Commercial real estate	$	239	$	391	$	—	$	145	$	6
Consumer	$	61	$	61	$	9	$	30	$	2
Commercial	$	11	$	11	$	3	$	39	$	1

During the nine months ended December 31, 2011, the Company adopted the provisions of the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Update (“ASU”) No. 2011-02, Receivables (Topic 310): A Creditor’s Determination of Whether a Restructuring Is a Troubled Debt Restructuring (“TDR”). Management applied the guidance on determining whether any restructurings that occurred from April 1, 2011 or later met the definition of a TDR. TDRs at December 31, 2011 and March 31, 2011 totaled $413,000, and $466,000, respectively. At December 31, 2011, the Company had a related allowance for loan losses of $23,000 allocated to these TDRs, compared to $19,000 at March 31, 2011. As of December 31, 2011, the Company had $207,000 classified as TDRs performing as agreed under the terms of their restructured plans and $206,000 not performing as agreed under the terms of the restructured plans. For the three and nine month periods ended December 31, 2011, there was one loan with a balance of $26,000 modified as a TDR. The following table presents an analysis of TDRs as of December 31, 2011 and March 31, 2011 (dollar amounts in thousands).

	December 31, 2011						March 31, 2011
	Number of Contracts		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Contracts		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Troubled Debt Restructurings:
Residential		5	$	224	$	224		4	$	210	$	210
Commercial real estate		1		391		178		1		391		239
Consumer		1		5		5		1		6		6
Commercial		2		6		6		2		11		11
Total:		9	$	626	$	413		8	$	618	$	466

Lines Of Credit

9 Months Ended

Dec. 31, 2011

Lines Of Credit Disclosure [Abstract]

Lines Of Credit Disclosure [Text Block]

8.	Lines of Credit

The Company’s $2.5 million revolving line of credit note payable matured September 30, 2011 and was renewed until September 30, 2012. The balance of the revolving line of credit was $2,000,000 and $1,800,000 as of December 31, 2011 and March 31, 2011, respectively. The note bears interest at the prime commercial rate with a floor of 3.50% which was the rate on December 31, 2011, and is secured by all the stock of the Bank. The line was paid to zero on January 3, 2012.

During the nine months ended December 31, 2011, the revolving line of credit maintained by the Bank with an unaffiliated financial institution increased to $6,700,000 from the $5,000,000 line at March 31, 2011, of which no amounts were outstanding at December 31, 2011 or March 31, 2011. The line bears interest at the federal funds rate of the financial institution (1.15% at December 31, 2011), has an open-end maturity and is unsecured if used for less than thirty (30) consecutive days.

The Bank has also established borrowing capabilities at the Federal Reserve Bank of St. Louis discount window. Investment securities of $3,014,000 have been pledged as collateral. The amount available to borrow is equal to or less than the amount pledged as collateral. As of December 31, 2011 and March 31, 2011 no amounts were outstanding. The primary credit borrowing rate at December 31, 2011 was 0.50%, has a term of up to 90 days, and has no restrictions on use of the funds borrowed.

The Bank also maintains a $17.6 million line of credit with the Federal Home Loan Bank of Chicago (“FHLB”). No FHLB advances were outstanding for the periods ended December 31, 2011 or March 31, 2011.

Other Borrowings

9 Months Ended

Dec. 31, 2011

Other Borrowings [Abstract]

Other Borrowings Disclosure [Text Block]

Other Borrowings

Other borrowings included the following:

	December 31, 2011		March 31, 2011
	(In thousands)

Securities sold under repurchase agreements	$	15,821	$	15,620

Securities sold under agreements to repurchase consist of obligations of the Company to other parties. The obligations are secured by investments and such collateral is held by the Company under a safekeeping agreement at a correspondent bank. The maximum amount of outstanding agreements at any month end during the nine months ending December 31, 2011 and the year ending March 31, 2011 totaled $17,810,000 and $20,388,000, respectively. The monthly average of such agreements totaled $14,899,000 for the nine months ending December 31, 2011and $17,401,000 for the twelve months ending March 31, 2011. The average rate on the agreements for the nine months ending December 31, 2011was 0.145% and for the twelve months ending March 31, 2011 the average rate was 0.25%. The agreements at December 31, 2011, mature periodically within 24 months. The Company has a repurchase agreement with one customer with an outstanding balance of $5.0 million at December 31, 2011. The repurchase agreement matures daily.

Earnings Per Common Share for the Three-Month Periods

9 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Common Share For Three-Month Periods [Text Block]

10.	Earnings Per Common Share for the Three-Month Periods

Basic earnings per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share gives effect to the increase in the average shares outstanding resulting from the effect of the incentive plan shares. The components of basic and diluted earnings per share for the three months ended December 31, 2011 and 2010 were computed as follows (dollar amounts in thousands except share data):

			Weighted
			Average		Per Share
			Shares		Amount

For the Three-Months Ended December 31, 2011:

Basic Earnings per Common Share:
Income available to common stockholders	$	563		410,788	$	1.37

Effect of Dilutive Securities:
Incentive plan shares				16,296

Diluted Earnings per Common Share:
Income available to common stockholders	$	563		427,084	$	1.32

For the Three-Months Ended December 31, 2010:

Basic Earnings per Common Share:
Income available to common stockholders	$	523		412,263	$	1.27

Effect of Dilutive Securities:
Incentive plan shares				16,280

Diluted Earnings per Common Share:
Income available for common stockholders	$	523		428,543	$	1.22

Earnings Per Common Share for the Nine-Month Periods

9 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share For Nine Months Period [Text Block]

11.

Earnings Per Common Share for the Nine-Month Periods

Basic earnings per common share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share gives effect to the increase in the average shares outstanding which would have resulted from the exercise of dilutive stock options. The components of basic and diluted earnings per share for the nine months ended December 31, 2011 and 2010 were computed as follows (dollar amounts in thousands except share data):

			Weighted
			Average		Per Share
			Shares		Amount

For the Nine-Months Ended December 31, 2011:

Basic Earnings per Common Share:
Income available to common stockholders	$	1,531		410,897	$	3.73

Effect of Dilutive Securities:
Unearned incentive plan shares				16,171

Diluted Earnings per Share:
Income available to common stockholders	$	1,531		427,068	$	3.58

For the Nine-Months Ended December 31, 2010:

Basic Earnings per Common Share:
Income available to common stockholders	$	1,343		412,930	$	3.25

Effect of Dilutive Securities:
Unearned incentive plan shares				16,132

Diluted Earnings per Common Share:
Income available for common stockholders	$	1,343		429,062	$	3.13

Participation in the Small Business Lending Fund of the U.S. Treasury Department

9 Months Ended

Dec. 31, 2011

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

12.	Participation in the Small Business Lending Fund of the U.S. Treasury Department

On August 23, 2011, the Company entered into a Securities Purchase Agreement with the Secretary of the U.S. Treasury, pursuant to which the Company issued and sold to the Treasury 4,900 shares of its Senior Non-Cumulative Perpetual Preferred Stock, Series A, having a liquidation preference of $1,000 per share (the “Series A Preferred Stock”), for aggregate proceeds of $4,900,000. The issuance was pursuant to the Treasury’s Small Business Lending Fund program, established under the Small Business Jobs Act of 2010, which encourages lending to small businesses by providing capital to qualified community banks with assets of less than $10 billion. The Series A Preferred Stock is entitled to receive non-cumulative dividends payable quarterly on each January 1, April 1, July 1 and October 1, commencing October 1, 2011. The dividend rate, which is calculated on the aggregate Liquidation Amount, has been initially set at 1% per annum based upon the current level of “Qualified Small Business Lending” (“QSBL”) by the Bank. The dividend rate for future dividend periods will be set based upon the percentage change in qualified lending between each dividend period and the baseline QSBL level established at the time the Agreement was entered into. The dividend rate may vary from 1% per annum to 5% per annum for the second through tenth dividend periods, and from 1% per annum to 7% per annum for the eleventh through the first half of the nineteenth dividend periods. If the Series A Preferred Stock remains outstanding for more than four-and-one-half years, the dividend rate will be fixed at 9%. It is anticipated that the Company will redeem the Series A Preferred Stock prior to such time, although the Company has not decided how to fund the redemption at this time. Funding could occur through retained earnings, or debt, or securities offerings, or a combination thereof. Prior to that time, in general, the dividend rate decreases as the level of the Bank’s QSBL increases. Such dividends are not cumulative, but the Company may only declare and pay dividends on its common stock (or any other equity securities junior to the Series A Preferred Stock) if it has declared and paid dividends for the current dividend period on the Series A Preferred Stock, and is subject to other restrictions on its ability to repurchase or redeem other securities. In addition, if (i) the Company has not timely declared and paid dividends on the Series A Preferred Stock for six dividend periods or more, whether or not consecutive, and (ii) shares of Series A Preferred Stock with an aggregate liquidation preference of at least $25,000,000 are still outstanding, the Treasury (or any successor holder of Series A Preferred Stock) may designate two additional directors to be elected to the Company’s Board of Directors.

As is more completely described in the Company’s Certificate of Designation, holders of the Series A Preferred Stock have the right to vote as a separate class on certain matters relating to the rights of holders of Series A Preferred Stock and on certain corporate transactions. Except with respect to such matters and, if applicable, the election of the additional directors, the Series A Preferred Stock does not have voting rights.

The Company may redeem the shares of Series A Preferred Stock, in whole or in part, at any time at a redemption price equal to the sum of the Liquidation Amount per share and the per-share amount of any unpaid dividends for the then-current period, subject to any required prior approval by the Company’s primary federal banking regulator, the Office of the Comptroller of the Currency.

As of December 31, 2011, the Company has paid two quarterly dividends to the Treasury at the 1% rate on $4,900,000 totaling approximately $17,000. The rate for the January through March quarterly period will also be 1% as directed by Treasury.