----

| ⊠ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---------|--------------------------------------------------------------------------------------|

| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---------|------------------------------------------------------------------------------------------|

| COMMUNITY FINANCIAL CORPORATION                        |
|--------------------------------------------------------|
| (Exact Name of Registrant as Specified in its Charter) |

| Virginia                                                      |   | 54-1532044                          |
|---------------------------------------------------------------|--------|-------------------------------------|
| (State or other jurisdiction ofincorporation or organization) |   | (I.R.S. EmployerIdentification No.) |
|                                                          |   |                                |
| 38 North Central Avenue, Staunton, Virginia                   |   | 24401                               |
| (Address of principal executive offices)                      |   | (Zip Code)                          |

|   | Title of each class                    |   | Name of each exchange on which registered |
|--------|----------------------------------------|--------|-------------------------------------------|
|   | Common Stock, par value $.01 per share |   | NASDAQ Capital Market                     |

|   | Large accelerated filer  o               |   | Accelerated filer  o        |
|--------|-----------------------------------------------|--------|----------------------------------|
|   | Non-accelerated filer  o                 |   | Smaller reporting company x |
|   | (Do not check if a smaller reporting company) |   |                             |

| CAUTIONARY STATEMENT REGARDING FORWARDING LOOKING STATEMENTS                                   | 1      |
|------------------------------------------------------------------------------------------------|--------|
|                                                                                           |   |
| PART I                                                                                         | 2      |
|                                                                                           |   |
| ITEM 1.  BUSINESS                                                                    | 2      |
|                                                                                           |   |
|       General                                                    | 2      |
|       Our Operating Strategy                                     | 4      |
|       Lending Activities                                         | 5      |
|       Loan Originations, Purchases and Sales                     | 13     |
|       Asset Quality                                              | 14     |
|       Investment Activities                                      | 18     |
|       Sources of Funds                                           | 19     |
|       Borrowings                                                 | 21     |
|       Subsidiary Activities                                      | 22     |
|       Competition                                                | 22     |
|       Regulation                                                 | 23     |
|       Federal and State Taxation                                 | 30     |
|       Executive Officers                                         | 30     |
|       Employees                                                  | 31     |
|                                                                                           |   |
| ITEM 1A. RISK FACTORS                                                                          | 31     |
|                                                                                           |   |
| ITEM  1B.  UNRESOLVED STAFF COMMENTS                                       | 31     |
|                                                                                           |   |
| ITEM  2.  PROPERTIES                                                       | 32     |
|                                                                                           |   |
| ITEM 3.  LEGAL PROCEEDINGS                                                           | 33     |
|                                                                                           |   |
| ITEM 4.  (REMOVED AND RESERVED)                                                      | 33     |
|                                                                                           |   |
| PART II                                                                                        | 33     |
|                                                                                           |   |
| ITEM 5.  MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER            |   |
|      MATTERS AND  ISSUER PURCHASES OF EQUITY SECURITIES     | 33     |
|                                                                                           |   |
| ITEM 6.  SELECTED FINANCIAL DATA                                                     | 34     |
|                                                                                           |   |
| ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION                      |   |
|      AND RESULTS OF OPERATIONS                                        | 35     |
|                                                                                           |   |
|       Executive Overview                                         | 35     |
|       Critical Accounting Policies                               | 36     |
|       Asset/Liability Management                                 | 37     |
|       Average Balances, Interest Rates and Yields                | 39     |
|       Rate/Volume Analysis                                       | 40     |
|       Financial Condition                                        | 40     |
|       Results of Operations                                      | 41     |
|       Liquidity and Capital Resources                            | 43     |
|       Contractual Obligations and Off-Balance Sheet Arrangements | 44     |
|       Impact of Inflation and Changing Prices                    | 44     |
|       Recent Accounting Pronouncements                           | 45     |
| ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                            | 45     |
|                                                                                           |   |
| ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA                                 | 45     |
|                                                                                           |   |
|       Index to Financial Statements                              | 46     |
|       Report of Independent Registered Public Accounting Firm    | 47     |

|       Consolidated Balance Sheets at March 31, 2011 and 2010                                    | 48     |
|-------------------------------------------------------------------------------------------------------------------------------|--------|
|       Consolidated Statements of Operations for the years                                       |   |
|            ended March 31, 2011, 2010 and 2009                         | 49     |
|       Consolidated Statements of Stockholders’ Equity for the years ended March 31, 2011, |   |
|            2010 and 2009                                               | 51     |
|       Consolidated Statements of Cash Flows for the years ended March 31, 2011, 2010 and 2009   | 52     |
|       Summary of Accounting Policies                                                            | 54     |
|       Notes to Consolidated Financial Statements                                                | 63     |
|                                                                                                                          |   |
| ITEM 9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING                                                            |   |
|      AND FINANCIAL DISCLOSURE                                                                        | 98     |
|                                                                                                                          |   |
| ITEM 9A.  CONTROLS AND PROCEDURES                                                                                   | 98     |
|                                                                                                                          |   |
| ITEM 9B.  OTHER INFORMATION                                                                                         | 99     |
|                                                                                                                          |   |
| PART III                                                                                                                      | 99     |
|                                                                                                                          |   |
| ITEM 10.  DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERANCE                                                     | 99     |
|                                                                                                                          |   |
| ITEM 11.  EXECUTIVE COMPENSATION                                                                                    | 100    |
|                                                                                                                          |   |
| ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT                                            |   |
|      AND RELATED STOCKHOLDER MATTERS                                                                 | 100    |
|                                                                                                                          |   |
| ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR                                              |   |
|      INDEPENDENCE                                                                                    | 100    |
|                                                                                                                          |   |
| ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES                                                                               | 100    |
|                                                                                                                          |   |
| PART IV                                                                                                                       | 101    |
|                                                                                                                          |   |
| ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES                                                                              | 102    |
|                                                                                                                          |   |
| SIGNATURES                                                                                                                    | 102    |
|                                                                                                                          |   |
| INDEX TO EXHIBITS                                                                                                             | 103    |

|   | · | the strength of the United States economy in general and the strength of the local economies in which we conduct our operations; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------|

|   | · | general economic conditions, either nationally or regionally, may be less favorable than expected, resulting in, among other things, a deterioration in the credit quality of our loans and other assets; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | fluctuations in deposit flows, loan demand, and/or real estate values, which may adversely affect our business; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------|

|   | · | the credit risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for loan losses; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | results of examinations of Community Bank by its primary regulator, the Office of Thrift Supervision, including the possibility that the Office of Thrift Supervision may, among other things, require Community Bank to increase its allowance for loan losses; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | changes due to the scheduled change in Community Bank’s primary regulator to the Office of the Comptroller of the Currency; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------|

|   | · | our ability to access cost-effective funding; |
|--------|--------|-----------------------------------------------|

|   | · | financial market, monetary and interest rate fluctuations, particularly the relative relationship of short-term interest rates to long-term interest rates; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | the timely development of and acceptance of new products and services of Community Financial Corporation and Community Bank, and the perceived overall value of these products and services by users, including the features, pricing and quality compared to competitors' products and services; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | the impact of changes in financial services laws and regulations (including laws concerning taxes, accounting standards, banking, securities and insurance); legislative or regulatory changes may adversely affect the business in which we are engaged; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | our success in gaining regulatory approval of our products and services and branching locations, when required; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------|

|   | · | the impact of technological changes; |
|--------|--------|--------------------------------------|

|   | · | changes in consumer spending and saving habits; and |
|--------|--------|-----------------------------------------------------|

|   | · | our success at managing the risks involved in the foregoing. |
|--------|--------|--------------------------------------------------------------|

|   | · | retaining our community-oriented focus to meet the financial needs of the communities we serve; |
|--------|--------|-------------------------------------------------------------------------------------------------|

|   | · | enhancing our focus on core deposits, including savings and checking accounts; |
|--------|--------|--------------------------------------------------------------------------------|

|   | · | improving asset quality; |
|--------|--------|--------------------------|

|   | · | selectively emphasizing products and services to provide diversification of revenue sources and to capture our customer’s full relationship.  We intend to continue to expand our business by cross selling our loan and deposit products and services to our customers; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | growing, when economic conditions are suitable, and diversifying our loan portfolio by emphasizing the origination of commercial and multi-family real estate loans, one- to four-family residential mortgage loans, construction loans, secured business loans and consumer loans; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | expanding our banking network by opening de novo branches and by selectively acquiring branch offices, although currently we do not have any specific expansion plans; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | controlling operating expenses while continuing to provide quality personal service to our customers; and |
|--------|--------|-----------------------------------------------------------------------------------------------------------|

|   | · | utilizing borrowings as needed to fund growth and enhance profitability. |
|--------|--------|--------------------------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                    |   | March 31,              |    |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|---------|
|                                                                                                                                                                                                                                                                                                                                    |   | 2011                   |    |   | 2010 |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                                    |   | Amount                 |    |   | Percent |   |   | Amount |   |   | Percent |   |   | Amount |   |   | Percent |   |   | Amount |   |   | Percent |   |   | Amount |   |   | Percent |   |
|                                                                                                                                                                                                                                                                                                                                    |   | (Dollars in Thousands) |    |
| Real Estate Loans:                                                                                                                                                                                                                                                                                                                      |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Residential                                                                                                                |   | $                      | 148,199 |   |   |   | 30.10 | % |   | $ | 144,951 |   |   |   | 27.59 | % |   | $ | 140,064 |   |   |   | 28.17 | % |   | $ | 122,605 |   |   |   | 27.08 | % |   | $ | 118,044 |   |   |   | 28.59 | % |
|      Commercial                                                                                                                 |   |                   | 181,822 |   |   |   | 36.94 |   |   |   | 171,805 |   |   |   | 32.71 |   |   |   | 154,781 |   |   |   | 31.14 |   |   |   | 150,059 |   |   |   | 33.14 |   |   |   | 119,354 |   |   |   | 28.91 |   |
|      Construction                                                                                                               |   |                   | 27,453  |   |   |   | 5.58 |   |   |   | 63,807 |   |   |   | 12.14 |   |   |   | 62,887 |   |   |   | 12.65 |   |   |   | 53,891 |   |   |   | 11.90 |   |   |   | 48,857 |   |   |   | 11.83 |   |
|         Total real estate                                                                                                                                                                                                                                                                       |   |                   | 357,474 |   |   |   | 72.62 |   |   |   | 380,563 |   |   |   | 72.44 |   |   |   | 357,732 |   |   |   | 71.96 |   |   |   | 326,555 |   |   |   | 72.12 |   |   |   | 286,255 |   |   |   | 69.33 |   |
| Consumer Loans:                                                                                                                                                                                                                                                                                                                         |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Home equity                                                                                                                |   |                   | 46,930  |   |   |   | 9.53 |   |   |   | 48,061 |   |   |   | 9.14 |   |   |   | 41,653 |   |   |   | 8.37 |   |   |   | 32,780 |   |   |   | 7.24 |   |   |   | 30,806 |   |   |   | 7.46 |   |
|      Automobile                                                                                                                 |   |                   | 31,286  |   |   |   | 6.36 |   |   |   | 35,533 |   |   |   | 6.77 |   |   |   | 37,411 |   |   |   | 7.53 |   |   |   | 44,961 |   |   |   | 9.93 |   |   |   | 50,992 |   |   |   | 12.34 |   |
|      Other                                                                                                                      |   |                   | 7,436   |   |   |   | 1.51 |   |   |   | 7,819 |   |   |   | 1.49 |   |   |   | 6,906 |   |   |   | 1.39 |   |   |   | 6,930 |   |   |   | 1.53 |   |   |   | 7,171 |   |   |   | 1.74 |   |
|         Total consumer                                                                                                                                                                                                                                                                          |   |                   | 85,652  |   |   |   | 17.40 |   |   |   | 91,413 |   |   |   | 17.40 |   |   |   | 85,970 |   |   |   | 17.29 |   |   |   | 84,671 |   |   |   | 18.70 |   |   |   | 88,969 |   |   |   | 21.54 |   |
| Commercial business                                                                                                                                                                                                                                                                                                                     |   |                   | 49,085  |   |   |   | 9.98 |   |   |   | 53,402 |   |   |   | 10.16 |   |   |   | 53,436 |   |   |   | 10.75 |   |   |   | 41,578 |   |   |   | 9.18 |   |   |   | 37,691 |   |   |   | 9.13 |   |
|         Total loans receivable                                                                                                                                                                                                                                                                  |   |                   | 492,211 |   |   |   | 100.00 | % |   |   | 525,378 |   |   |   | 100.00 | % |   |   | 497,138 |   |   |   | 100.00 | % |   |   | 452,804 |   |   |   | 100.00 | % |   |   | 412,915 |   |   |   | 100.00 | % |
| Less:                                                                                                                                                                                                                                                                                                                                   |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Undisbursed loans in          process                                    |   |                   | 6,803   |   |   |   |   |   |   |   | 16,158 |   |   |   |   |   |   |   | 15,222 |   |   |   |   |   |   |   | 13,599 |   |   |   |   |   |   |   | 11,884 |   |   |   |   |   |
|      Deferred (costs) and          unearned discounts                                                                                                                                                                                                             |   |                   | (731    | ) |   |   |   |   |   |   | (959 | ) |   |   |   |   |   |   | (990 | ) |   |   |   |   |   |   | (1,184 | ) |   |   |   |   |   |   | (1,299 | ) |   |   |   |   |
|      Allowance for losses                                                                                                                                                                                                                                                                                      |   |                   | 7,846   |   |   |   |   |   |   |   | 8,053 |   |   |   |   |   |   |   | 5,956 |   |   |   |   |   |   |   | 3,215 |   |   |   |   |   |   |   | 3,078 |   |   |   |   |   |
|    Total loans receivable, net                                                                                                                                                                                                                                                                                           |   | $                      | 478,293 |   |   |   |   |   |   | $ | 502,126 |   |   |   |   |   |   | $ | 476,950 |   |   |   |   |   |   | $ | 437,174 |   |   |   |   |   |   | $ | 399,252 |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                    |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                    |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                                                          |   | March 31,              |    |
|-----------------------------------------------------------------------------------------------|--------|------------------------|---------|
|                                                                                          |   | 2011                   |    |   | 2010 |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |
|                                                                                          |   | Amount                 |    |   | Percent |   |   | Amount |   |   | Percent |   |   | Amount |   |   | Percent |   |   | Amount |   |   | Percent |   |   | Amount |   |   | Percent |   |
|                                                                                          |   | (Dollars in Thousands) |    |
| Fixed-Rate Loans:                                                                             |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real Estate:                                                                                  |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Residential                                                                       |   | $                      | 19,252  |   |   |   | 3.91 | % |   | $ | 20,170 |   |   |   | 3.84 | % |   | $ | 29,204 |   |   |   | 5.87 | % |   | $ | 22,146 |   |   |   | 4.89 | % |   | $ | 24,657 |   |   |   | 5.97 | % |
|   Commercial                                                                        |   |                   | 35,646  |   |   |   | 7.24 |   |   |   | 33,447 |   |   |   | 6.37 |   |   |   | 31,919 |   |   |   | 6.42 |   |   |   | 22,592 |   |   |   | 4.99 |   |   |   | 15,097 |   |   |   | 3.66 |   |
|   Construction(1)                                                                   |   |                   | 537     |   |   |   | 0.11 |   |   |   | 7,473 |   |   |   | 1.42 |   |   |   | 3,528 |   |   |   | 0.71 |   |   |   | 6,870 |   |   |   | 1.52 |   |   |   | -- |   |   |   | 0.00 |   |
|    Total real estate loans                                                     |   |                   | 55,435  |   |   |   | 11.26 |   |   |   | 61,090 |   |   |   | 11.63 |   |   |   | 64,651 |   |   |   | 13.00 |   |   |   | 51,608 |   |   |   | 11.40 |   |   |   | 39,754 |   |   |   | 9.63 |   |
|   Home equity                                                                       |   |                   | 2,780   |   |   |   | 0.56 |   |   |   | 4,222 |   |   |   | 0.80 |   |   |   | 5,437 |   |   |   | 1.09 |   |   |   | 5,692 |   |   |   | 1.26 |   |   |   | 4,972 |   |   |   | 1.20 |   |
|   Automobile                                                                        |   |                   | 31,150  |   |   |   | 6.33 |   |   |   | 35,460 |   |   |   | 6.76 |   |   |   | 37,300 |   |   |   | 7.51 |   |   |   | 44,843 |   |   |   | 9.90 |   |   |   | 50,895 |   |   |   | 12.32 |   |
|   Other                                                                             |   |                   | 6,077   |   |   |   | 1.23 |   |   |   | 5,969 |   |   |   | 1.14 |   |   |   | 5,718 |   |   |   | 1.15 |   |   |   | 5,872 |   |   |   | 1.30 |   |   |   | 5,619 |   |   |   | 1.36 |   |
|    Total consumer loans                                                        |   |                   | 40,007  |   |   |   | 8.12 |   |   |   | 45,651 |   |   |   | 8.70 |   |   |   | 48,455 |   |   |   | 9.75 |   |   |   | 56,407 |   |   |   | 12.46 |   |   |   | 61,486 |   |   |   | 14.88 |   |
| Commercial business                                                                           |   |                   | 15,044  |   |   |   | 3.06 |   |   |   | 17,150 |   |   |   | 3.26 |   |   |   | 21,234 |   |   |   | 4.27 |   |   |   | 19,912 |   |   |   | 4.40 |   |   |   | 17,721 |   |   |   | 4.29 |   |
|    Total fixed-rate loans                                                      |   |                   | 110,486 |   |   |   | 22.44 |   |   |   | 123,891 |   |   |   | 23.59 |   |   |   | 134,340 |   |   |   | 27.02 |   |   |   | 127,927 |   |   |   | 28.26 |   |   |   | 118,961 |   |   |   | 28.80 |   |
| Adjustable-Rate loans:                                                                        |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real Estate:                                                                                  |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Residential                                                                       |   |                   | 128,947 |   |   |   | 26.19 |   |   |   | 124,781 |   |   |   | 23.75 |   |   |   | 110,860 |   |   |   | 22.30 |   |   |   | 100,459 |   |   |   | 22.19 |   |   |   | 93,387 |   |   |   | 22.62 |   |
|   Commercial                                                                        |   |                   | 146,176 |   |   |   | 29.70 |   |   |   | 138,358 |   |   |   | 26.34 |   |   |   | 122,862 |   |   |   | 24.72 |   |   |   | 127,467 |   |   |   | 28.15 |   |   |   | 104,257 |   |   |   | 25.25 |   |
|   Construction(2)                                                                   |   |                   | 26,916  |   |   |   | 5.47 |   |   |   | 56,334 |   |   |   | 10.72 |   |   |   | 59,359 |   |   |   | 11.94 |   |   |   | 47,021 |   |   |   | 10.38 |   |   |   | 48,857 |   |   |   | 11.83 |   |
|    Total real estate loans                                                     |   |                   | 302,039 |   |   |   | 61.36 |   |   |   | 319,473 |   |   |   | 60.81 |   |   |   | 293,0811 |   |   |   | 58.96 |   |   |   | 274,9471 |   |   |   | 60.72 |   |   |   | 246,5011 |   |   |   | 59.70 |   |
|   Home equity                                                                       |   |                   | 44,150  |   |   |   | 8.97 |   |   |   | 43,839 |   |   |   | 8.34 |   |   |   | 36,216 |   |   |   | 7.28 |   |   |   | 27,088 |   |   |   | 5.98 |   |   |   | 25,834 |   |   |   | 6.26 |   |
|   Automobile                                                                        |   |                   | 136     |   |   |   | 0.03 |   |   |   | 73 |   |   |   | 0.01 |   |   |   | 111 |   |   |   | 0.02 |   |   |   | 118 |   |   |   | 0.03 |   |   |   | 97 |   |   |   | 0.02 |   |
|   Other                                                                             |   |                   | 1,359   |   |   |   | 0.28 |   |   |   | 1,850 |   |   |   | 0.35 |   |   |   | 1,188 |   |   |   | 0.24 |   |   |   | 1,058 |   |   |   | 0.23 |   |   |   | 1,552 |   |   |   | 0.38 |   |
|   Total consumer loans                                                              |   |                   | 45,645  |   |   |   | 9.28 |   |   |   | 45,762 |   |   |   | 8.70 |   |   |   | 37,515 |   |   |   | 7.54 |   |   |   | 28,264 |   |   |   | 6.24 |   |   |   | 27,483 |   |   |   | 6.66 |   |
|   Commercial Business                                                               |   |                   | 34,041  |   |   |   | 6.92 |   |   |   | 36,252 |   |   |   | 6.90 |   |   |   | 32,202 |   |   |   | 6.48 |   |   |   | 21,666 |   |   |   | 4.78 |   |   |   | 19,970 |   |   |   | 4.84 |   |
|    Total adjustable-rate         loans |   |                   | 381,725 |   |   |   | 77.56 |   |   |   | 401,487 |   |   |   | 76.41 |   |   |   | 362,798 |   |   |   | 72.98 |   |   |   | 324,877 |   |   |   | 71.74 |   |   |   | 293,954 |   |   |   | 71.20 |   |
|    Total loans receivable                                                      |   | $                      | 492,211 |   |   |   | 100.00 | % |   | $ | 525,378 |   |   |   | 100.00 | % |   | $ | 497,138 |   |   |   | 100.00 | % |   | $ | 452,804 |   |   |   | 100.00 | % |   | $ | 412,915 |   |   |   | 100.00 | % |

| (1) | Includes residential real estate construction loans of $0, $3.2 million, $1.9 million, $247,000 and $0, and commercial real estate construction loans of $537,000, $4.3 million, $1.6 million, $6.6 million and $0 at March 31, 2011, 2010, 2009, 2008 and 2007 respectively.                                          |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Includes residential real estate construction loans of $19.3 million, $39.3 million, $45.2 million, $43.3 million and $47.2 million, and commercial real estate construction loans of $7.6 million, $17.0 million, $14.2 million, $3.7 million and $1.7 million at March 31, 2011, 2010, 2009, 2008 and 2007, respectively. |

|                               |   | Real Estate Constructionor Development |   |   | CommercialBusiness |   |   | Total  |   |
|------------------------------------|--------|----------------------------------------|--------|--------|--------------------|--------|--------|--------|--------|
|                               |   | (Dollars in Thousands)                 |   |
| Due during periodsending March 31, |   |                                   |   |   |               |   |   |   |   |
|                               |   |                                   |   |   |               |   |   |   |   |
| 2012                               |   | $                                      | 25,554 |   |               | $      | 29,275 |   |   | $ | 54,829 |   |
| 2013 to 2016                       |   |                                   | 1,899  |   |               |   | 18,901 |   |   |   | 20,800 |   |
| After 2016                         |   |                                   | --     |   |               |   | 909    |   |   |   | 909 |   |
|                               |   |                                   |   |   |               |   |   |   |   |   |   |   |
|    Totals           |   | $                                      | 27,453 |   |               | $      | 49,085 |   |   | $ | 76,538 |   |

|                                            |   | Numberof loans         |   |   | PrincipalBalance |   |
|-------------------------------------------------|--------|------------------------|--------|--------|------------------|--------|
|                                            |   | (Dollars in Thousands) |   |
| Permanent financing:                            |   |                   |   |   |             |   |
|   Multi-family residential buildings  |   |                   | 38     |   |             | $      | 16,707 |   |
|   Hotel and motel                     |   |                   | 20     |   |             |   | 21,008 |   |
|   Commercial and industrial buildings |   |                   | 115    |   |             |   | 52,708 |   |
|   Raw land                            |   |                   | 179    |   |             |   | 43,979 |   |
|   Church                              |   |                   | 13     |   |             |   | 3,420 |   |
|   Restaurant                          |   |                   | 16     |   |             |   | 4,333 |   |
|   Warehouse                           |   |                   | 30     |   |             |   | 11,648 |   |
|   Retail Store                        |   |                   | 82     |   |             |   | 22,282 |   |
|   School/Recreational                 |   |                   | 12     |   |             |   | 5,783 |   |
| Commercial construction                         |   |                   | 8      |   |             |   | 6,134 |   |
|        Total |   |                   | 513    |   |             | $      | 188,002 |   |

|                                                                                                                                                                              |   | Year Ended March 31, |    |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------|---------|
|                                                                                                                                                                              |   | 2011                 |    |   | 2010 |   |   | 2009 |   |
| Origination by Type:                                                                                                                                                              |   |                 |    |   |   |   |   |   |   |
| Adjustable Rate:                                                                                                                                                                  |   |                 |    |   |   |   |   |   |   |
|   Real estate   - 1-4 family residential                                                                                                                 |   | $                    | 23,801  |   |   | $ | 38,657 |   |   | $ | 41,441 |   |
|                      - commercial                                             |   |                 | 29,580  |   |   |   | 31,675 |   |   |   | 25,814 |   |
|                      - construction                                      |   |                 | 7,238   |   |   |   | 15,733 |   |   |   | 30,740 |   |
|   Non-real estate  - consumer                                                                                                                                 |   |                 | 354     |   |   |   | 580 |   |   |   | 522 |   |
|                           - commercial business |   |                 | 2,254   |   |   |   | 6,717 |   |   |   | 7,695 |   |
|       Total adjustable rate                                                                                                                         |   |                 | 63,227  |   |   |   | 93,362 |   |   |   | 106,212 |   |
| Fixed Rate:                                                                                                                                                                       |   |                 |    |   |   |   |   |   |   |   |   |   |
|   Real estate -  1-4 family residential                                                                                                                       |   |                 | 4,469   |   |   |   | 3,170 |   |   |   | 7,757 |   |
|                       - commercial                                  |   |                 | 6,944   |   |   |   | 9,711 |   |   |   | 10,329 |   |
|                       - construction                                |   |                 | ---     |   |   |   | 3,032 |   |   |   | 2,608 |   |
|   Non-real estate  - consumer                                                                                                                                 |   |                 | 16,683  |   |   |   | 18,948 |   |   |   | 15,711 |   |
|                           - commercial business |   |                 | 5,753   |   |   |   | 5,379 |   |   |   | 9,449 |   |
|       Total fixed rate                                                                                                                              |   |                 | 33,849  |   |   |   | 40,240 |   |   |   | 45,854 |   |
| Sales and Repayments:                                                                                                                                                             |   |                 |    |   |   |   |   |   |   |   |   |   |
| Sales                                                                                                                                                                             |   |                 | 3,220   |   |   |   | --- |   |   |   | --- |   |
| Principal repayments                                                                                                                                                              |   |                 | 127,023 |   |   |   | 105,362 |   |   |   | 107,732 |   |
|       Total reductions                                                                                                                              |   |                 | 130,243 |   |   |   | 105,362 |   |   |   | 107,732 |   |
| Increase/(Decrease) in other items, net                                                                                                                                           |   |                 | (9,334  | ) |   |   | 3,064 |   |   |   | 4,558 |   |
|       Net increase/(decrease)                                                                                                                       |   | $                    | (23,833 | ) |   | $ | 25,176 |   |   | $ | 39,776 |   |

|                   |   | ResidentialReal Estate |   |   | Commercial Real Estate,Multi-Family and Land |   |   | Construction |   |   | Consumer |   |   | CommercialBusiness |   |   | Total  |   |
|------------------------|--------|------------------------|--------|--------|----------------------------------------------|--------|--------|--------------|--------|--------|----------|--------|--------|--------------------|--------|--------|--------|--------|
|                   |   | Number                 |   |   | Amount                                       |   |   | Number       |   |   | Amount   |   |   | Number             |   |   | Amount |   |   | Number |   |   | Amount |   |   | Number |   |   | Amount |   |   | Number |   |   | Amount |   |
|                   |   | (Dollars in Thousands) |   |
|                   |   |                   |   |   |                                         |   |   |         |   |   |     |   |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans Delinquent for:  |   |                   |   |   |                                         |   |   |         |   |   |     |   |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 30-59 days             |   |                   | 5      |   |                                         | $      | 755    |         |   |   | 6        |   |   | $                  | 575    |   |   |   | -- |   |   | $ | -- |   |   |   | 57 |   |   | $ | 862 |   |   |   | 23 |   |   | $ | 743 |   |   |   | 91 |   |   | $ | 2,935 |   |
| 60-89 days             |   |                   | 6      |   |                                         |   | 718    |         |   |   | 2        |   |   |               | 1,755  |   |   |   | -- |   |   |   | -- |   |   |   | 17 |   |   |   | 557 |   |   |   | 12 |   |   |   | 609 |   |   |   | 37 |   |   |   | 3,639 |   |
| 90 days and over       |   |                   | 24     |   |                                         |   | 3,661  |         |   |   | 9        |   |   |               | 1,574  |   |   |   | -- |   |   |   | -- |   |   |   | 29 |   |   |   | 335 |   |   |   | 17 |   |   |   | 606 |   |   |   | 79 |   |   |   | 6,176 |   |
| Total delinquent loans |   |                   | 35     |   |                                         | $      | 5,134  |         |   |   | 17       |   |   | $                  | 3,904  |   |   |   | -- |   |   | $ | -- |   |   |   | 103 |   |   | $ | 1,754 |   |   |   | 52 |   |   | $ | 1,959 |   |   |   | 207 |   |   | $ | 12,750 |   |

|                                                          |   | March 31,              |   |
|---------------------------------------------------------------|--------|------------------------|--------|
|                                                          |   | 2011                   |   |   | 2010 |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |
|                                                          |   | (Dollars in Thousands) |   |
| Non-accruing loans:                                           |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial business and consumer                  |   | $                      | 941    |   |   | $ | 3,998 |   |   | $ | 2,428 |   |   | $ | 137 |   |   | $ | 142 |   |
|   Real estate                                       |   |                   | 5,235  |   |   |   | 10,566 |   |   |   | 5,138 |   |   |   | 889 |   |   |   | 1,173 |   |
|                                                          |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Total non-accruing loans              |   |                   | 6,176  |   |   |   | 14,564 |   |   |   | 7,566 |   |   |   | 1,026 |   |   |   | 1,315 |   |
|   Real estate acquired through foreclosure          |   |                   | 10,384 |   |   |   | 3,182 |   |   |   | 1,400 |   |   |   | 593 |   |   |   | 181 |   |
|     Total non-performing assets           |   | $                      | 16,560 |   |   | $ | 17,746 |   |   | $ | 8,966 |   |   | $ | 1,619 |   |   | $ | 1,496 |   |
|                                                          |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Total as a percentage of total assets |   |                   | 3.12   | % |   |   | 3.24 | % |   |   | 1.75 | % |   |   | .33 | % |   |   | .32 | % |
|     Allowance for loan losses             |   | $                      | 7,846  |   |   | $ | 8,053 |   |   | $ | 5,956 |   |   | $ | 3,215 |   |   | $ | 3,078 |   |
|     Troubled debt restructurings          |   | $                      | 21,044 |   |   | $ | 3,713 |   |   | $ | 4,298 |   |   | $ | 2,887 |   |   | $ | 2,963 |   |

|                                                                                    |   | Year Ended March 31,   |   |
|-----------------------------------------------------------------------------------------|--------|------------------------|--------|
|                                                                                    |   | 2011                   |   |   | 2010 |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |
|                                                                                    |   | (Dollars in Thousands) |   |
| Balance at beginning of period                                                          |   | $                      | 8,053  |   |   | $ | 5,956 |   |   | $ | 3,215 |   |   | $ | 3,078 |   |   | $ | 2,966 |   |
| Provision charged to operations                                                         |   |                   | 8,171  |   |   |   | 4,031 |   |   |   | 4,285 |   |   |   | 625 |   |   |   | 388 |   |
| Charge-offs:                                                                            |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Residential real estate                                                     |   |                   | (1,880 | ) |   |   | (135 | ) |   |   | (72 | ) |   |   | (44 | ) |   |   | --- |   |
|   Commercial Real Estate, Multifamily and Land.                               |   |                   | (2,503 | ) |   |   | (397 | ) |   |   | (488 | ) |   |   | (3 | ) |   |   | --- |   |
|   Construction                                                                |   |                   | (999   | ) |   |   | (351 | ) |   |   | (100 | ) |   |   | (25 | ) |   |   | --- |   |
|   Home Equity                                                                 |   |                   | (654   | ) |   |   | (578 | ) |   |   | --- |   |   |   | --- |   |   |   | --- |   |
|   Automobile                                                                  |   |                   | (369   | ) |   |   | (429 | ) |   |   | (438 | ) |   |   | (437 | ) |   |   | (279 | ) |
|   Other                                                                       |   |                   | (906   | ) |   |   | (130 | ) |   |   | (213 | ) |   |   | (73 | ) |   |   | (76 | ) |
|   Commercial Business                                                         |   |                   | (1,411 | ) |   |   | (86 | ) |   |   | (371 | ) |   |   | (41 | ) |   |   | (2 | ) |
| Recoveries:                                                                             |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Residential real estate                                                     |   |                   | 43     |   |   |   | 1 |   |   |   | 11 |   |   |   | --- |   |   |   | --- |   |
|   Commercial Real Estate, Multifamily and Land.                               |   |                   | 74     |   |   |   | --- |   |   |   | --- |   |   |   | 1 |   |   |   | --- |   |
|   Construction                                                                |   |                   | 5      |   |   |   | 20 |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |
|   Home Equity                                                                 |   |                   | 6      |   |   |   | 4 |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |
|   Automobile                                                                  |   |                   | 132    |   |   |   | 135 |   |   |   | 116 |   |   |   | 79 |   |   |   | 55 |   |
|   Other                                                                       |   |                   | 13     |   |   |   | 2 |   |   |   | 9 |   |   |   | 10 |   |   |   | 26 |   |
|   Commercial Business                                                         |   |                   | 71     |   |   |   | 10 |   |   |   | 2 |   |   |   | 45 |   |   |   | --- |   |
| Net charge-offs                                                                         |   |                   | (8,378 | ) |   |   | (1,934 | ) |   |   | (1,544 | ) |   |   | (488 | ) |   |   | (276 | ) |
| Balance at end of period                                                                |   | $                      | 7,846  |   |   | $ | 8,053 |   |   | $ | 5,956 |   |   | $ | 3,215 |   |   | $ | 3,078 |   |
| Ratio of net charge-offs during theperiod to average loans outstandingduring the period |   |                   | 1.20   | % |   |   | .39 | % |   |   | .33 | % |   |   | .12 | % |   |   | .07 | % |

|                                            |   | Residential            |   |   | CommercialReal Estate,Multi-Familyand Land |   |   | Construction |   |   | CommercialBusiness |   |   | HomeEquity |   |   | Consumer |   |   | Total  |   |
|-------------------------------------------------|--------|------------------------|--------|--------|--------------------------------------------|--------|--------|--------------|--------|--------|--------------------|--------|--------|------------|--------|--------|----------|--------|--------|--------|--------|
|                                            |   | (Dollars in Thousands) |   |
| March 31, 2011:                                 |   |                   |   |   |                                       |   |   |         |   |   |               |   |   |       |   |   |     |   |   |   |   |
| Amount of loan loss allowance                   |   | $                      | 3,670  |   |                                       | $      | 2,223  |         |   | $      | 549                |   |   | $          | 100    |   |     | $      | 951    |   |   | $ | 353 |   |   | $ | 7,846 |   |
| Percent of loans in eachcategory to total loans |   |                   | 30.10  | %      |                                       |   | 36.94  | %            |   |   | 5.58               | %      |   |       | 9.98   | %      |     |   | 9.53   | %      |   |   | 7.87 | % |   |   | 100.00 | % |
|                                            |   |                   |   |   |                                       |   |   |         |   |   |               |   |   |       |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
| March 31, 2010:                                 |   |                   |   |   |                                       |   |   |         |   |   |               |   |   |       |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Amount of loan loss allowance                   |   | $                      | 314    |   |                                       | $      | 2,079  |         |   | $      | 997                |   |   | $          | 3,170  |   |     | $      | 603    |   |   | $ | 890 |   |   | $ | 8,053 |   |
| Percent of loans in eachcategory to total loans |   |                   | 27.59  | %      |                                       |   | 32.71  | %            |   |   | 12.14              | %      |   |       | 10.16  | %      |     |   | 9.14   | %      |   |   | 8.26 | % |   |   | 100.00 | % |
|                                            |   |                   |   |   |                                       |   |   |         |   |   |               |   |   |       |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
| March 31, 2009:                                 |   |                   |   |   |                                       |   |   |         |   |   |               |   |   |       |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Amount of loan loss allowance                   |   | $                      | 276    |   |                                       | $      | 1,637  |         |   | $      | 665                |   |   | $          | 2,196  |   |     | $      | 224    |   |   | $ | 958 |   |   | $ | 5,956 |   |
| Percent of loans in eachcategory to total loans |   |                   | 28.17  | %      |                                       |   | 31.14  | %            |   |   | 12.65              | %      |   |       | 10.75  | %      |     |   | 8.38   | %      |   |   | 8.91 | % |   |   | 100.00 | % |
|                                            |   |                   |   |   |                                       |   |   |         |   |   |               |   |   |       |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
| March 31, 2008:                                 |   |                   |   |   |                                       |   |   |         |   |   |               |   |   |       |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Amount of loan loss allowance                   |   | $                      | 258    |   |                                       | $      | 981    |         |   | $      | 383                |   |   | $          | 565    |   |     | $      | 130    |   |   | $ | 898 |   |   | $ | 3,215 |   |
| Percent of loans in eachcategory to total loans |   |                   | 27.08  | %      |                                       |   | 33.14  | %            |   |   | 11.90              | %      |   |       | 9.18   | %      |     |   | 7.24   | %      |   |   | 11.46 | % |   |   | 100.00 | % |
|                                            |   |                   |   |   |                                       |   |   |         |   |   |               |   |   |       |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
| March 31, 2007:                                 |   |                   |   |   |                                       |   |   |         |   |   |               |   |   |       |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Amount of loan loss allowance                   |   | $                      | 238    |   |                                       | $      | 819    |         |   | $      | 354                |   |   | $          | 530    |   |     | $      | 109    |   |   | $ | 1,028 |   |   | $ | 3,078 |   |
| Percent of loans in eachcategory to total loans |   |                   | 28.59  | %      |                                       |   | 28.90  | %            |   |   | 11.83              | %      |   |       | 9.13   | %      |     |   | 7.46   | %      |   |   | 14.09 | % |   |   | 100.00 | % |

|                                                                                                                                                                                                                                                  |   | March 31, 2011         |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|--------|
|                                                                                                                                                                                                                                                  |   | Within 1Year orLess    |   |   | After 1Yearthrough 5Years |   |   | After 5Yearsthrough10 Years |   |   | TotalInvestmentSecurities(1) |   |
|                                                                                                                                                                                                                                                  |   | BookValue              |   |   | BookValue |   |   | BookValue |   |   | BookValue |   |   | MarketValue |   |
|                                                                                                                                                                                                                                                  |   | (Dollars in Thousands) |   |
| Federal agency obligations                                                                                                                                                                                                                            |   | $                      | ---    |   |   | $ | 2,000 |   |   | $ | --- |   |   | $ | 2,000 |   |   | $ | 1,966 |   |
| Other                                         |   |                   | 198    |   |   |   | --- |   |   |   | --- |   |   |   | 198 |   |   |   | 198 |   |
| Total Investment Securities                                                                                                                                                                                                                           |   | $                      | 198    |   |   | $ | 2,000 |   |   | $ | --- |   |   | $ | 2,198 |   |   | $ | 2,164 |   |
|                                                                                                                                                                                                                                                  |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted Average Yield (2)                                                                                                                                                                                                                            |   |                   | 1.13   | % |   |   | 2.36 | % |   |   | --- | % |   |   | 2.25 | % |   |   | 2.29 | % |

| (1) | Included in the above table are $2.0 million of securities that are callable in one year or less. |
|-----|---------------------------------------------------------------------------------------------------|
| (2) | The weighted average yield is not computed on a tax equivalent basis.                             |

|                                                                                                                    |   | March 31,              |   |
|-------------------------------------------------------------------------------------------------------------------------|--------|------------------------|--------|
|                                                                                                                    |   | 2011                   |   |   | 2010 |   |   | 2009 |   |
|                                                                                                                    |   | BookValue              |   |   | % ofTotal |   |   | BookValue |   |   | % ofTotal |   |   | BookValue |   |   | % ofTotal |   |
|                                                                                                                    |   | (Dollars in Thousands) |   |
| Interest-bearing deposits with banks                                                                                    |   | $                      | 4,119  |   |   |   | 100.0 | % |   | $ | 3,825 |   |   |   | 100.0 | % |   | $ | 512 |   |   |   | 100.0 | % |
|                                                                                                                    |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment securities:                                                                                                  |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Federal agency obligations                                                                                  |   | $                      | 2,000  |   |   |   | 25.7 | % |   | $ | 1,500 |   |   |   | 18.9 | % |   | $ | 1,500 |   |   |   | 21.0 | % |
|   State agencies and commercial paper                                                                         |   |                   | ---    |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |   |   | 200 |   |   |   | 2.8 |   |
|   Other                                                                                                       |   |                   | 198    |   |   |   | 2.5 |   |   |   | 198 |   |   |   | 2.5 |   |   |   | --- |   |   |   | --- |   |
|   United States agency equity securities                                                                      |   |                   | 39     |   |   |   | 0.5 |   |   |   | 73 |   |   |   | 0.9 |   |   |   | 207 |   |   |   | 2.9 |   |
|         Subtotal                                                                |   |                   | 2,237  |   |   |   | 28.7 |   |   |   | 1,771 |   |   |   | 22.3 |   |   |   | 1,907 |   |   |   | 26.7 |   |
| FHLB stock                                                                                                              |   |                   | 5,561  |   |   |   | 71.3 |   |   |   | 6,184 |   |   |   | 77.7 |   |   |   | 5,239 |   |   |   | 73.3 |   |
|     Total investment securities and         FHLB stock |   | $                      | 7,798  |   |   |   | 100.0 | % |   | $ | 7,955 |   |   |   | 100.0 | % |   | $ | 7,146 |   |   |   | 100.0 | % |
| Average remaining life or term    to repricing (1)                                                  |   |                   |   |   |   | 4 Years |   |   |   |   |   |   | 4 Years |   |   |   |   |   |   | 3 Years |   |

| (1) | Excludes Freddie Mac common stock and other marketable equity securities. |
|-----|---------------------------------------------------------------------------|

|                                                      |   | March 31,      |    |
|-----------------------------------------------------------|--------|----------------|---------|
|                                                      |   | 2011           |    |   | 2010 |   |   | 2009 |   |
|                                                      |   | (In Thousands) |    |
| Passbook and statement accounts                           |   | $              | 33,997  |   |   | $ | 31,586 |   |   | $ | 27,320 |   |
| NOW and Super NOW accounts including non-interest bearing |   |           | 75,446  |   |   |   | 68,844 |   |   |   | 56,626 |   |
| Money market accounts                                     |   |           | 43,850  |   |   |   | 38,466 |   |   |   | 25,255 |   |
| Six-month and 91 day certificates                         |   |           | 7,075   |   |   |   | 13,195 |   |   |   | 8,958 |   |
| One- to five-year fixed-rate certificates                 |   |           | 218,677 |   |   |   | 246,329 |   |   |   | 247,347 |   |
|        Total           |   | $              | 379,045 |   |   | $ | 398,420 |   |   | $ | 365,506 |   |

|                       |   | Year Ended March 31,   |    |
|----------------------------|--------|------------------------|---------|
|                       |   | 2011                   |    |   | 2010 |   |   | 2009 |   |
|                       |   | (Dollars in Thousands) |    |
| Opening balance            |   | $                      | 398,420 |   |   | $ | 365,506 |   |   | $ | 350,731 |   |
| Net deposits(withdrawals)  |   |                   | (24,063 | ) |   |   | 24,780 |   |   |   | 6,639 |   |
| Interest credited          |   |                   | 4,688   |   |   |   | 8,134 |   |   |   | 8,136 |   |
| Ending balance             |   | $                      | 379,045 |   |   | $ | 398,420 |   |   | $ | 365,506 |   |
| Net increase(decrease)     |   | $                      | (19,375 | ) |   | $ | 32,914 |   |   | $ | 14,775 |   |
| Percent increase(decrease) |   |                   | (4.86   | %) |   |   | 9.01 | % |   |   | 4.21 | % |

|                                                        |   | Year Ended March 31,   |    |
|-------------------------------------------------------------|--------|------------------------|---------|
|                                                        |   | 2011                   |    |   | 2010 |   |   | 2009 |   |
|                                                        |   | AverageBalance         |    |   | AverageRate Paid |   |   | AverageBalance |   |   | AverageRate Paid |   |   | AverageBalance |   |   | AverageRate Paid |   |
|                                                        |   | (Dollars in Thousands) |    |
| Deposit Category:                                           |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-interest bearing demand    deposits |   | $                      | 27,573  |   |   |   | --- | % |   | $ | 26,717 |   |   |   | --- | % |   | $ | 25,514 |   |   |   | --- | % |
| Interest bearing demand deposits                            |   |                   | 83,901  |   |   |   | 0.71 |   |   |   | 66,355 |   |   |   | 0.95 |   |   |   | 51,920 |   |   |   | 1.16 |   |
| Savings deposits                                            |   |                   | 31,993  |   |   |   | 0.55 |   |   |   | 29,484 |   |   |   | 0.92 |   |   |   | 27,463 |   |   |   | 1.18 |   |
| Time deposits                                               |   |                   | 243,652 |   |   |   | 1.70 |   |   |   | 259,948 |   |   |   | 2.40 |   |   |   | 250,702 |   |   |   | 3.82 |   |
| Total deposits                                              |   | $                      | 387,119 |   |   |   | 1.27 | % |   | $ | 382,504 |   |   |   | 1.87 | % |   | $ | 355,599 |   |   |   | 2.95 | % |

|      |   | Less Than1.00% |   |   |   | 1.00-2.00% |    |   |   | 2.01-3.00% |   |   |   | 3.01-4.00% |    |   | 4.01 andGreater |   |  Total |   |   |
|----------------|--------|----------------|--------|--------|--------|------------|---------|--------|--------|------------|--------|--------|--------|------------|---------|--------|-----------------|--------|-------------|--------|--------|
|           |   |           |   |   |   |       |    |   |   |       |   |   |   |       |    |   |            |   |        |   |   |   |
| March 31, 2011 |   | $              | 36,247 |   |   | $          | 151,652 |   |   | $          | 28,448 |   |   | $          | 3,396   |   |            | $      | 6,009       |   |   | $ | 225,752 |   |
| March 31, 2010 |   | $              | 22,850 |   |   | $          | 148,275 |   |   | $          | 70,378 |   |   | $          | 5,060   |   |            | $      | 12,961      |   |   | $ | 259,524 |   |
| March 31, 2009 |   | $              | 3,185  |   |   | $          | 12,275  |   |   | $          | 63,401 |   |   | $          | 118,149 |   |            | $      | 59,295      |   |   | $ | 256,305 |   |

|                                                                    |   | Maturity               |   |
|-------------------------------------------------------------------------|--------|------------------------|--------|
|                                                                    |   | 3 Monthsor less        |   |   | Over 3Monthsthrough6 Months |   |   | Over 6Monthsthrough12 Months |   |   | Over 12Months |   |   | Total |   |
|                                                                    |   | (Dollars in Thousands) |   |
| Certificates of deposit less than $100,000                              |   | $                      | 29,403 |   |   | $ | 36,051 |   |   | $ | 45,454 |   |   | $ | 30,938 |   |   | $ | 141,846 |   |
| Certificates of deposit of $100,000 or more                             |   |                   | 21,371 |   |   |   | 20,112 |   |   |   | 22,557 |   |   |   | 19,866 |   |   |   | 83,906 |   |
|        Total certificates of deposit |   | $                      | 50,774 |   |   | $ | 56,163 |   |   | $ | 68,011 |   |   | $ | 50,804 |   |   | $ | 225,752 |   |

|                                           |   | At March 31,           |   |
|------------------------------------------------|--------|------------------------|--------|
|                                           |   | 2011                   |   |   | 2010 |   |   | 2009 |   |
|                                           |   | (Dollars in thousands) |   |
|                                           |   |                   |   |
| Securities sold under agreements to repurchase |   | $                      | 1,445  |   |   | $ | 846 |   |   | $ | 1,476 |   |
| Other borrowings                               |   |                   | ---    |   |   |   | 250 |   |   |   | 1,000 |   |
| FHLB advances                                  |   |                   | 97,000 |   |   |   | 96,000 |   |   |   | 94,000 |   |
| Total Borrowings                               |   | $                      | 98,445 |   |   | $ | 97,096 |   |   | $ | 96,476 |   |
|                                           |   |                   |   |   |   |   |   |   |   |   |   |   |
| Weighted average interest rate of borrowings   |   |                   | 0.23   | % |   |   | 0.90 | % |   |   | 1.00 | % |

| At or for the Year Ended March 31,          |   | 2011                   |    |   | 2010   |   |   | 2009   |   |
|---------------------------------------------|--------|------------------------|---------|--------|--------|--------|--------|--------|--------|
|                                        |   | (Dollars in Thousands) |    |
| Amount outstanding at year end              |   | $                      | 97,000  |   |   | $      | 96,000 |   |   | $ | 74,000 |   |
| Average interest rate on amount at year end |   |                   | 0.23    | %      |   |   | 0.93   | %      |   |   | 0.43 | % |
|                                        |   |                   |    |   |   |   |   |   |   |   |   |   |
| Average amount outstanding during the year  |   | $                      | 96,345  |   |   | $      | 79,397 |   |   | $ | 72,055 |   |
| Average interest rate during the year       |   |                   | 0.71    | %      |   |   | 0.37   | %      |   |   | 1.69 | % |
|                                        |   |                   |    |   |   |   |   |   |   |   |   |   |
| Maximum amount outstanding during the year  |   | $                      | 108,000 |   |   | $      | 97,000 |   |   | $ | 94,000 |   |

|   | · | Effective July 21, 2011, the Office of the Comptroller of the Currency will assume the authority and responsibilities of the Office of Thrift Supervision to regulate savings associations under the same laws as the Office of Thrift Supervision (except where modified by the Dodd-Frank Act).  The regulations and policies of the Office of Thrift Supervision for savings associations will continue to apply unless and until the Office of the Comptroller of the Currency modifies them. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Effective July 21, 2011, the Federal Reserve will assume the authority and responsibilities of the Office of Thrift Supervision to regulate savings and loan holding companies under the same laws as the Office of Thrift Supervision (except where modified by the Dodd-Frank Act).  The regulations and policies of the Office of Thrift Supervision for savings and loan holding companies will continue to apply unless and until modified by the Federal Reserve. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The Consumer Financial Protection Bureau will be established within the Federal Reserve, empowered to exercise broad regulatory, supervisory and enforcement authority with respect to both new and existing consumer financial protection laws. Smaller financial institutions, like Community Bank, will be subject to supervision and enforcement by their primary federal banking regulators with respect to federal consumer financial protection laws. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The Federal Deposit Insurance Act was amended to direct federal regulators to require depository institution holding companies to serve as a source of strength for their depository institution subsidiaries. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Tier 1 capital treatment for "hybrid" capital items like trust preferred securities is eliminated subject to various grandfathering and transition rules. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The current prohibition on payment of interest on demand deposits is repealed, effective July 21, 2011. |
|--------|--------|--------------------------------------------------------------------------------------------------------------|

|   | · | State consumer financial protection law will be preempted only if it would have a discriminatory effect on a federal savings association or is preempted by any other federal law. The Office of the Comptroller of the Currency must make a preemption determination with respect to a state consumer financial protection law on a case-by-case basis with respect to a particular state law or other state law with substantively equivalent terms. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Deposit insurance is permanently increased to $250,000 and unlimited deposit insurance for noninterest-bearing transaction accounts is extended through December 31, 2013. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The Deposit insurance assessment base is the depository institution's total average assets minus the sum of its average tangible equity during the assessment period. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Savings and loan holding companies will be subject to the same capital requirements as bank holding companies five years after enactment. Currently, a bank holding company with less than $500 million in assets is subject to capital requirements on a bank-only basis (except in certain unusual cases). |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The Securities and Exchange Commission is authorized to adopt rules requiring public companies to make their proxy materials available to shareholders for nomination of their own candidates for election to the board of directors. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Public companies are required to provide their shareholders with a non-binding vote: (i) at least once every three years on the compensation paid to executive officers, and (ii) at least once every six years on whether they should have a "say on pay" vote every one, two or three years. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | A separate, non-binding shareholder vote is required regarding golden parachutes for named executive officers when a shareholder vote takes place on mergers, acquisitions, dispositions or other transactions that would trigger the parachute payments. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Securities exchanges are required to prohibit brokers from using their own discretion to vote shares not beneficially owned by them for certain "significant" matters, which include votes on the election of directors, executive compensation matters, and any other matter determined to be significant. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Stock exchanges, which does not include the OTC Bulletin Board, are prohibited from listing the securities of any issuer that does not have a policy providing for (i) disclosure of its policy on incentive compensation payable on the basis of financial information reportable under the |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | securities laws, and (ii) the recovery from current or former executive officers, following an accounting restatement triggered by material noncompliance with securities law reporting requirements, of any incentive compensation paid erroneously during the three-year period preceding the date on which the restatement was required that exceeds the amount that would have been paid on the basis of the restated financial information. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Disclosure in annual proxy materials is required concerning the relationship between the executive compensation paid and the financial performance of the issuer. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Smaller reporting companies are exempt from complying with the internal control auditor attestation requirements of Section 404(b) of the Sarbanes-Oxley Act. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Location                                          | Opened | Owned orLeaseExpiration |   | Gross SquareFootage |   |   | Net Book Valueat March 31,2011 |   |
|---------------------------------------------------|--------|-------------------------|--------|---------------------|--------|--------|--------------------------------|--------|
| 38 North Central AvenueStaunton, Virginia         | 1965   | Owned                   |   |                | 17,000 |   |                           |   | $1,266,000   |   |
| 2934 West Main StreetWaynesboro, Virginia         | 1989   | Owned                   |   |                | 5,300  |   |                           |   |    513,000 |   |
| 2658 Stuarts Draft HighwayStuarts Draft, Virginia | 1993   | Owned                   |   |                | 3,000  |   |                           |   |    872,000 |   |
| 621 Nevan RoadVirginia Beach, Virginia            | 1998   | 2038                    |   |                | 13,000 |   |                           |   |    785,000 |   |
| 101 Community WayStaunton, Virginia               | 1999   | 2039                    |   |                | 4,500  |   |                           |   |    591,000 |   |
| 2134 Raphine Road,Raphine, Virginia               | 2001   | 2011                    |   |                | 2,308  |   |                           |   |      31,000 |   |
| 21 Dick Huff LaneVerona, Virginia                 | 2002   | Owned                   |   |                | 3,850  |   |                           |   |    927,000 |   |
| 123 West Frederick Street (1)Staunton, Virginia   | 2003   | Owned                   |   |                | 22,000 |   |                           |   | 1,531,000 |   |
| 1201 Lake James DriveVirginia Beach, Virginia     | 2005   | 2012                    |   |                | 3,900  |   |                           |   |    199,000 |   |
| 463 Hidden Creek LaneHarrisonburg, Virginia       | 2005   | 2011                    |   |                | 2,000  |   |                           |   |      21,000 |   |
| 102 Walker StreetLexington, Virginia              | 2006   | 2028                    |   |                | 2,200  |   |                           |   |    152,000 |   |
| 211 West Frederick Street (1)Staunton, Virginia   | 2009   | Owned                   |   |                | 4,445  |   |                           |   |    281,000 |   |
| 128 West 21st StreetBuena Vista, Virginia         | 2009   | Owned                   |   |                | 4,100  |   |                           |   | 1,600,000 |   |

| Fiscal 2011    |   | High   |   |   | Low    |   |   | Close  |   |   | Dividend Declared |   |
|----------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|-------------------|--------|
| March 2011     |   | $      | 3.65   |   |   | $      | 2.95   |   |   | $      | 3.14              |   |   | $ | .000 |   |
| December 2010  |   |   | 4.28   |   |   |   | 2.72   |   |   |   | 3.48              |   |   |   | .000 |   |
| September 2010 |   |   | 4.54   |   |   |   | 3.58   |   |   |   | 4.07              |   |   |   | .000 |   |
| June 2010      |   |   | 5.29   |   |   |   | 3.69   |   |   |   | 4.36              |   |   |   | .000 |   |
|           |   |   |   |   |   |   |   |   |   |   |              |   |   |   |   |   |
| Fiscal 2010    |   | High   |   |   | Low    |   |   | Close  |   |   | Dividend Declared |   |
| March 2010     |   | $      | 4.48   |   |   | $      | 3.68   |   |   | $      | 4.16              |   |   | $ | .000 |   |
| December 2009  |   |   | 4.94   |   |   |   | 3.32   |   |   |   | 4.34              |   |   |   | .000 |   |
| September 2009 |   |   | 4.70   |   |   |   | 3.70   |   |   |   | 4.16              |   |   |   | .000 |   |
| June 2009      |   |   | 6.00   |   |   |   | 3.50   |   |   |   | 4.40              |   |   |   | .000 |   |

|                                                                                            |   | At March 31,                       |    |
|-------------------------------------------------------------------------------------------------|--------|------------------------------------|---------|
|                                                                                            |   | 2011                               |    |   | 2010 |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |
|                                                                                            |   | (In thousands)                     |    |
| Selected Financial Condition Data:                                                              |   |                               |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Total assets                                                                                    |   | $                                  | 530,080 |   |   | $ | 547,180 |   |   | $ | 512,724 |   |   | $ | 491,246 |   |   | $ | 463,112 |   |
| Loans receivable, net                                                                           |   |                               | 478,293 |   |   |   | 502,126 |   |   |   | 476,950 |   |   |   | 437,174 |   |   |   | 399,252 |   |
| Investment securities and other earning assets(1)                                               |   |                               | 11,917  |   |   |   | 11,780 |   |   |   | 7,658 |   |   |   | 30,475 |   |   |   | 43,703 |   |
| Real estate owned, net                                                                          |   |                               | 10,384  |   |   |   | 3,182 |   |   |   | 1,400 |   |   |   | 593 |   |   |   | 181 |   |
| Deposits                                                                                        |   |                               | 379,045 |   |   |   | 398,420 |   |   |   | 365,506 |   |   |   | 350,731 |   |   |   | 330,538 |   |
| Advances and other borrowed money                                                               |   |                               | 98,445  |   |   |   | 97,096 |   |   |   | 96,476 |   |   |   | 98,834 |   |   |   | 90,740 |   |
| Stockholders’ equity                                                                      |   |                               | 49,760  |   |   |   | 49,012 |   |   |   | 46,337 |   |   |   | 38,705 |   |   |   | 38,570 |   |
|                                                                                            |   |                               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                            |   | Year Ended March 31,               |    |
|                                                                                            |   |                               | 2011    |   |   |   | 2010 |   |   |   | 2009 |   |   |   | 2008 |   |   |   | 2007 |   |
|                                                                                            |   | (In thousands)                     |    |
| Selected Operations Data:                                                                       |   |                               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total interest income                                                                           |   | $                                  | 27,585  |   |   | $ | 28,198 |   |   | $ | 28,692 |   |   | $ | 32,244 |   |   | $ | 29,419 |   |
| Total interest expense                                                                          |   |                               | 5,612   |   |   |   | 8,081 |   |   |   | 12,460 |   |   |   | 16,978 |   |   |   | 14,792 |   |
| Net interest income                                                                             |   |                               | 21,973  |   |   |   | 20,117 |   |   |   | 16,232 |   |   |   | 15,266 |   |   |   | 14,627 |   |
| Provision for loan losses                                                                       |   |                               | 8,170   |   |   |   | 4,031 |   |   |   | 4,285 |   |   |   | 625 |   |   |   | 388 |   |
| Net interest income after provision for loan losses                                             |   |                               | 13,803  |   |   |   | 16,086 |   |   |   | 11,946 |   |   |   | 14,641 |   |   |   | 14,239 |   |
| Service charges and fees                                                                        |   |                               | 3,712   |   |   |   | 3,300 |   |   |   | 3,037 |   |   |   | 3,007 |   |   |   | 2,816 |   |
| Securities impairment                                                                           |   |                               | ---     |   |   |   | --- |   |   |   | (11,536 | ) |   |   | --- |   |   |   | --- |   |
| Other noninterest income(2)                                                                     |   |                               | 377     |   |   |   | 550 |   |   |   | 386 |   |   |   | 336 |   |   |   | 369 |   |
| Noninterest expenses                                                                            |   |                               | 15,527  |   |   |   | 14,995 |   |   |   | 13,449 |   |   |   | 12,292 |   |   |   | 11,306 |   |
| Income (loss) before income taxes                                                               |   |                               | 2,365   |   |   |   | 4,941 |   |   |   | (9,616 | ) |   |   | 5,692 |   |   |   | 6,118 |   |
| Income taxes (benefit)                                                                          |   |                               | 843     |   |   |   | 1,349 |   |   |   | (3,793 | ) |   |   | 1,856 |   |   |   | 2,027 |   |
| Net income (loss)                                                                               |   | $                                  | 1,522   |   |   | $ | 3,592 |   |   | $ | (5,823 | ) |   | $ | 3,836 |   |   | $ | 4,091 |   |
| Amortization of discount on preferred stock                                                     |   |                               | (121    | ) |   |   | (121 | ) |   |   | (34 | ) |   |   | - |   |   |   | - |   |
| Cumulative dividends on preferred stock                                                         |   |                               | (632    | ) |   |   | (632 | ) |   |   | (176 | ) |   |   | - |   |   |   | - |   |
| Net income (loss) available to common stockholders                                              |   | $                                  | 769     |   |   | $ | 2,839 |   |   | $ | (6,033 | ) |   | $ | 3,836 |   |   | $ | 4,091 |   |
|                                                                                            |   |
|                                                                                            |   | At or For the Year Ended March 31, |    |
|                                                                                            |   |                               | 2011    |   |   |   | 2010 |   |   |   | 2009 |   |   |   | 2008 |   |   |   | 2007 |   |
| Other Data:                                                                                     |   |                               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Average interest-earning assets to average    interest bearing liabilities  |   |                               | 103.41  | % |   |   | 104.24 | % |   |   | 105.41 | % |   |   | 105.21 | % |   |   | 104.86 | % |
| Average interest rate spread during year                                                        |   |                               | 4.34    |   |   |   | 3.92 |   |   |   | 3.25 |   |   |   | 3.14 |   |   |   | 3.30 |   |
| Non-performing assets to total assets                                                           |   |                               | 3.13    |   |   |   | 3.24 |   |   |   | 1.75 |   |   |   | .33 |   |   |   | .32 |   |
| Return on assets (ratio of net income to average    total assets)           |   |                               | .28     |   |   |   | .67 |   |   |   | (1.17 | ) |   |   | .80 |   |   |   | .92 |   |
| Return on equity (ratio of net income to     average total equity)     |   |                               | 3.04    |   |   |   | 7.45 |   |   |   | (14.57 | ) |   |   | 9.77 |   |   |   | 11.06 |   |
| Equity-to-assets ratio (ratio of average     equity to average assets) |   |                               | 9.36    |   |   |   | 9.02 |   |   |   | 8.03 |   |   |   | 8.18 |   |   |   | 8.36 |   |
| Allowance for loan losses to loans receivable, net                                              |   |                               | 1.61    |   |   |   | 1.58 |   |   |   | 1.25 |   |   |   | .73 |   |   |   | .77 |   |
| Allowance for loan losses to non-performing loans                                               |   |                               | 127.04  |   |   |   | 55.29 |   |   |   | 78.70 |   |   |   | 313.30 |   |   |   | 234.16 |   |
|                                                                                            |   |                               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Per Common Share Data: (3)                                                                      |   |                               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss)-diluted                                                                       |   | $                                  | 0.18    |   |   | $ | 0.65 |   |   | $ | (1.39 | ) |   | $ | 0.87 |   |   | $ | 0.93 |   |
| Book value                                                                                      |   |                               | 8.55    |   |   |   | 8.34 |   |   |   | 7.72 |   |   |   | 8.93 |   |   |   | 8.98 |   |
| Dividends-common                                                                                |   |                               | 0.00    |   |   |   | 0.00 |   |   |   | .13 |   |   |   | .26 |   |   |   | .255 |   |
| Dividend payout ratio-common                                                                    |   |                               | ---     | % |   |   | --- | % |   |   | --- | % |   |   | 29.22 | % |   |   | 26.54 | % |
| Number of full-service offices                                                                  |   |                               | 11      |   |   |   | 11 |   |   |   | 11 |   |   |   | 10 |   |   |   | 10 |   |

| (1) | Includes federal funds sold, securities purchased under resale agreements and overnight deposits.                                       |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Other income includes customer service fees and commissions, gain or loss on disposal of property and other items.                      |
| (3) | Per share data for the periods presented has been restated to reflect the 2-for-1 stock split declared on July 26, 2006, as applicable. |

|                                 |   |                         |   | March 31, 2011                  |   | March 31, 2010     |
|--------------------------------------|--------|------------------------------|--------|---------------------------------|--------|--------------------|
| Change inInterest Rate(Basis Points) |   | Board LimitNPV as %of Assets |   | $Changein NPV                   |   | NPV as % of Assets |   | $Changein NPV |   | NPV as % of Assets |
| (Dollars in Thousands)               |
| +200                                 |   | 7                            |   | 1,879                           |   |    12.3% |   | (1,273) |   |     11.3% |
| +100                                 |   | 8                            |   |    985                |   | 12.2               |   |    (142) |   | 11.4 |
| -0-                                  |   | 9                            |   |     ---          |   | 11.4               |   |     --- |   | 11.4 |
| -100                                 |   | 8                            |   |   (1,306)   |   | 11.7               |   |  (1,280) |   | 11.2 |
| -200                                 |   | 7                            |   |     ---          |   |   ---         |   |     --- |   |   --- |

|                                                                  |   | Year Ended March 31,   |    |
|-----------------------------------------------------------------------|--------|------------------------|---------|
|                                                                  |   | 2011                   |    |   | 2010 |   |   | 2009 |   |
|                                                                  |   | AverageBalance         |    |   | Interest |   |   | Yield/Cost |   |   | AverageBalance |   |   | Interest |   |   | Yield/Cost |   |   | AverageBalance |   |   | Interest |   |   | Yield/Cost |   |
|                                                                  |   | (Dollars in Thousands) |    |
| Interest-Earning Assets                                               |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans                                                                 |   | $                      | 491,753 |   |   | $ | 27,330 |   |   |   | 5.56 | % |   | $ | 494,427 |   |   | $ | 28,009 |   |   |   | 5.66 | % |   | $ | 458,265 |   |   | $ | 28,129 |   |   |   | 6.14 | % |
| Investment securities and other investments                           |   |                   | 9,641   |   |   |   | 255 |   |   |   | 2.64 | % |   |   | 9,656 |   |   |   | 189 |   |   |   | 1.96 | % |   |   | 20,172 |   |   |   | 563 |   |   |   | 2.79 | % |
|   Total interest-earning assets                             |   |                   | 501,394 |   |   |   | 27,585 |   |   |   | 5.50 | % |   |   | 504,083 |   |   |   | 28,198 |   |   |   | 5.59 | % |   |   | 478,437 |   |   |   | 28,692 |   |   |   | 6.00 | % |
| Non-interest earning assets                                           |   |                   | 36,692  |   |   |   |   |   |   |   |   |   |   |   | 30,674 |   |   |   |   |   |   |   |   |   |   |   | 18,953 |   |   |   |   |   |   |   |   |   |
|   Total Assets                                              |   | $                      | 538,086 |   |   |   |   |   |   |   |   |   |   | $ | 534,757 |   |   |   |   |   |   |   |   |   |   | $ | 497,390 |   |   |   |   |   |   |   |   |   |
|                                                                  |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-Bearing Liabilities                                          |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                                                              |   | $                      | 387,119 |   |   |   | 4,912 |   |   |   | 1.27 | % |   | $ | 382,504 |   |   |   | 7,149 |   |   |   | 1.87 | % |   | $ | 355,599 |   |   |   | 10,497 |   |   |   | 2.95 | % |
| FHLB advances and other borrowings                                    |   |                   | 97,741  |   |   |   | 700 |   |   |   | 0.72 | % |   |   | 101,072 |   |   |   | 932 |   |   |   | 0.92 | % |   |   | 98,293 |   |   |   | 1,963 |   |   |   | 2.00 | % |
|   Total interest-bearing liabilities                        |   |                   | 484,860 |   |   |   | 5,612 |   |   |   | 1.16 | % |   |   | 483,576 |   |   |   | 8,081 |   |   |   | 1.67 | % |   |   | 453,892 |   |   |   | 12,460 |   |   |   | 2.75 | % |
| Non-interest bearing Liabilities                                      |   |                   | 3,166   |   |   |   |   |   |   |   |   |   |   |   | 2,965 |   |   |   |   |   |   |   |   |   |   |   | 3,533 |   |   |   |   |   |   |   |   |   |
|   Total Liabilities                                         |   |                   | 488,026 |   |   |   |   |   |   |   |   |   |   |   | 486,541 |   |   |   |   |   |   |   |   |   |   |   | 457,425 |   |   |   |   |   |   |   |   |   |
| Stockholder’s equity                                            |   |                   | 50,060  |   |   |   |   |   |   |   |   |   |   |   | 48,216 |   |   |   |   |   |   |   |   |   |   |   | 39,965 |   |   |   |   |   |   |   |   |   |
|   Total Liabilities and Stockholders’ Equity          |   | $                      | 538,086 |   |   |   |   |   |   |   |   |   |   | $ | 534,757 |   |   |   |   |   |   |   |   |   |   | $ | 497,390 |   |   |   |   |   |   |   |   |   |
| Net interest income                                                   |   |                   |    |   |   | $ | 21,973 |   |   |   |   |   |   |   |   |   |   | $ | 20,117 |   |   |   |   |   |   |   |   |   |   | $ | 16,232 |   |   |   |   |   |
| Interest rate spread                                                  |   |                   |    |   |   |   |   |   |   |   | 4.34 | % |   |   |   |   |   |   |   |   |   |   | 3.92 | % |   |   |   |   |   |   |   |   |   |   | 3.25 | % |
| Net interest-earning assets/net yield on interest-earning assets      |   | $                      | 16,534  |   |   |   |   |   |   |   | 4.40 | % |   | $ | 20,507 |   |   |   |   |   |   |   | 3.99 | % |   | $ | 24,545 |   |   |   |   |   |   |   | 3.39 | % |
| Percentage of interest-earning assets to interest-bearing liabilities |   |                   | 103.41  | % |   |   |   |   |   |   |   |   |   |   | 104.24 | % |   |   |   |   |   |   |   |   |   |   | 105.21 | % |   |   |   |   |   |   |   |   |

|                                                         |   | Year Ended March 31,           |   |
|--------------------------------------------------------------|--------|--------------------------------|--------|
|                                                         |   | 2011 v. 2010                   |   |   | 2010 v. 2009 |   |
|                                                         |   | Increase(Decrease)Due toVolume |   |   | Rate |   |   | TotalIncrease(Decrease) |   |   | Increase(Decrease)Due toVolume |   |   | Rate |   |   | TotalIncrease(Decrease) |   |
|                                                         |   | (Dollars in Thousands)         |   |
| Interest-Earning Assets                                      |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans                                                        |   | $                              | (149   | ) |   | $ | (530 | ) |   | $ | (679 | ) |   | $ | 2,049 |   |   | $ | (2,169 | ) |   | $ | (120 | ) |
| Investment securities and other   investments |   |                           | 0      |   |   |   | 66 |   |   |   | 66 |   |   |   | (206 | ) |   |   | (168 | ) |   |   | (374 | ) |
|    Total interest-earning assets              |   | $                              | (149   | ) |   | $ | (464 | ) |   | $ | (613 | ) |   | $ | 1,843 |   |   | $ | (2,337 | ) |   | $ | (494 | ) |
|                                                         |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-Bearing Liabilities                                 |   |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                                                     |   | $                              | 59     |   |   | $ | (2,296 | ) |   | $ | (2,237 | ) |   | $ | 503 |   |   | $ | (3,851 | ) |   | $ | (3,348 | ) |
| FHLB advances and other   borrowings          |   |                           | (24    | ) |   |   | (208 | ) |   |   | (232 | ) |   |   | 25 |   |   |   | (1,056 | ) |   |   | (1,031 | ) |
|    Total interest-bearing liabilities         |   | $                              | 35     |   |   | $ | (2,504 | ) |   | $ | (2,469 | ) |   | $ | 528 |   |   | $ | (4,907 | ) |   | $ | (4,379 | ) |
| Net interest income                                          |   |                           |   |   |   |   |   |   |   | $ | 1,856 |   |   |   |   |   |   |   |   |   |   | $ | 3,885 |   |

|                                                   |   | Fiscal 2011 |      |   | Fiscal 2010 |   |      | Change |   |
|--------------------------------------------------------|--------|-------------|-----------|--------|-------------|--------|-----------|--------|--------|
|                                                   |   |        |      |   |        |   |      |   |   |
| Loan fee income                                        |   | $           | 1,163,409 |   |        | $      | 920,013   |   |   | $ | 243,396 |   |
| Deposit fee income                                     |   |        | 2,548,391 |   |        |   | 2,379,771 |   |   |   | 168,620 |   |
| Other                                                  |   |        | 377,408   |   |        |   | 550,421   |   |   |   | (173,013 | ) |
|      Total noninterest income |   | $           | 4,089,208 |   |        | $      | 3,850,205 |   |   | $ | 239,003 |   |

|                                                   |   | Fiscal 2010 |      |   | Fiscal 2009 |   |      | Change |   |
|--------------------------------------------------------|--------|-------------|-----------|--------|-------------|--------|-----------|--------|--------|
|                                                   |   |        |      |   |        |   |      |   |   |
| Loan fee income                                        |   | $           | 920,013   |   |        | $      | 641,952   |   |   | $ | 278,061 |   |
| Deposit fee income                                     |   |        | 2,379,771 |   |        |   | 2,394,740 |   |   |   | (14,969 | ) |
| Other                                                  |   |        | 550,421   |   |        |   | 386,158   |   |   |   | 164,263 |   |
|      Total noninterest income |   | $           | 3,850,205 |   |        | $      | 3,422,850 |   |   | $ | 427,355 |   |

|                                |   | Total  |    |   | Less than1 year |   |    | 1-3years |   |   | 3-5years |   |   | More than5 years |   |
|-------------------------------------|--------|--------|---------|--------|-----------------|--------|---------|----------|--------|--------|----------|--------|--------|------------------|--------|
|                                |   |   |    |   |            |   |    |     |   |   |     |   |   |             |   |
| Operating Leases                    |   | $      | 620,275 |   |            | $      | 183,723 |     |   | $      | 197,302  |   |   | $                | 87,000 |   |   | $ | 152,250 |   |
| Long-Term Debt                      |   |   | ---     |   |            |   | ---     |     |   |   | ---      |   |   |             | ---    |   |   |   | --- |   |
|      Total |   | $      | 620,275 |   |            | $      | 183,723 |     |   | $      | 197,302  |   |   | $                | 87,000 |   |   | $ | 152,250 |   |

----

| Report of Independent Registered Public Accounting Firm | 47                                                    |
|---------------------------------------------------------|-------------------------------------------------------|
|                                                    |                                                  |
| Consolidated Financial Statements                       |                                                  |
|                                                    |
|                                                    | Consolidated Balance Sheets                           | 48 |
|                                                    |                                                  |   |
|                                                    | Consolidated Statements of Operations                 | 49 |
|                                                    |                                                  |   |
|                                                    | Consolidated Statements of Stockholders’ Equity | 51 |
|                                                    |                                                  |   |
|                                                    | Consolidated Statements of Cash Flows                 | 52 |
|                                                    |                                                  |   |
| Summary of Accounting Policies                          | 54                                                    |
|                                                    |                                                  |
| Notes to Consolidated Financial Statements              | 63                                                    |

----

|  March 31,                                                                                                                                                                   |   | 2011   |        |   | 2010   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-------------|--------|--------|--------|
|                                                                                                                                                                              |   |   |        |   |   |   |
|         Assets                                                                                                                            |   |   |        |   |   |   |
|                                                                                                                                                                              |   |   |        |   |   |   |
| Cash (including interest bearing deposits of $4,118,603    and $3,824,672)                                                                                    |   | $      | 7,897,955   |   |   | $      | 5,374,665 |   |
| Securities                                                                                                                                                                        |   |   |        |   |   |   |   |   |
|     Held to maturity (fair value approximates $2,164,320      and $1,698,155)                                                   |   |   | 2,198,000   |   |   |   | 1,698,000 |   |
|     Available for sale, at fair value                                                                                                                         |   |   | 38,647      |   |   |   | 73,397 |   |
| Restricted investment in Federal Home Loan Bank stock, at cost                                                                                                                    |   |   | 5,561,300   |   |   |   | 6,183,600 |   |
| Loans receivable, net of allowance for loan losses of  $7,845,950 and $8,052,875                                                                                        |   |   | 478,292,834 |   |   |   | 502,125,963 |   |
| Real estate owned, net of valuation allowance of $1,378,585  and $1,052,569                                                                                             |   |   | 10,383,549  |   |   |   | 3,182,419 |   |
| Property and equipment, net                                                                                                                                                       |   |   | 8,769,146   |   |   |   | 8,920,769 |   |
| Accrued interest receivable                                                                                                                                                       |   |   | 2,036,639   |   |   |   | 2,128,611 |   |
| Prepaid expenses and other assets                                                                                                                                                 |   |   | 14,901,933  |   |   |   | 17,492,388 |   |
|                                                                                                                                                                              |   |   |        |   |   |   |   |   |
| Total assets                                                                                                                                                                      |   | $      | 530,080,003 |   |   | $      | 547,179,812 |   |
|                                                                                                                                                                              |   |   |        |   |   |   |   |   |
|         Liabilities and Stockholders’ Equity                                                                                        |   |   |        |   |   |   |   |   |
|                                                                                                                                                                              |   |   |        |   |   |   |   |   |
| Liabilities                                                                                                                                                                       |   |   |        |   |   |   |   |   |
|     Deposits                                                                                                                                                  |   | $      | 379,044,783 |   |   | $      | 398,420,330 |   |
|     Borrowings                                                                                                                                                |   |   | 97,000,000  |   |   |   | 96,250,000 |   |
|     Securities sold under agreements to repurchase                                                                                                            |   |   | 1,444,961   |   |   |   | 845,503 |   |
|     Advance payments by borrowers for taxes and insurance                                                                                                     |   |   | 212,425     |   |   |   | 192,360 |   |
|     Other liabilities                                                                                                                                         |   |   | 2,617,440   |   |   |   | 2,459,744 |   |
|                                                                                                                                                                              |   |   |        |   |   |   |   |   |
| Total liabilities                                                                                                                                                                 |   |   | 480,319,609 |   |   |   | 498,167,937 |   |
|                                                                                                                                                                              |   |   |        |   |   |   |   |   |
| Commitments and Contingencies                                                                                                                                                     |   |   | -           |   |   |   | - |   |
|                                                                                                                                                                              |   |   |        |   |   |   |   |   |
| Stockholders’ Equity                                                                                                                                                        |   |   |        |   |   |   |   |   |
|     Preferred stock, $.01 par value, $1,000 liquidation value,        authorized 3,000,000 shares, 12,643 outstanding |   |   | 12,643,000  |   |   |   | 12,643,000 |   |
|     Common stock, $.01 par value, 10,000,000 authorized        shares, 4,361,658 and 4,361,658 shares outstanding     |   |   | 43,617      |   |   |   | 43,617 |   |
|     Warrants                                                                                                                                                  |   |   | 603,153     |   |   |   | 603,153 |   |
|     Discount on preferred stock                                                                                                                               |   |   | (327,701    | )      |   |   | (448,337 | ) |
|     Additional paid-in capital                                                                                                                                |   |   | 5,599,052   |   |   |   | 5,577,958 |   |
|     Retained earnings                                                                                                                                         |   |   | 32,028,909  |   |   |   | 31,259,441 |   |
|     Accumulated other comprehensive (loss), net                                                                                                               |   |   | (829,636    | )      |   |   | (666,957 | ) |
|                                                                                                                                                                              |   |   |        |   |   |   |   |   |
| Total stockholders’ equity                                                                                                                                                  |   |   | 49,760,394  |   |   |   | 49,011,875 |   |
|                                                                                                                                                                              |   |   |        |   |   |   |   |   |
| Total liabilities and stockholders’ equity                                                                                                                                  |   | $      | 530,080,003 |   |   | $      | 547,179,812 |   |

----

|  Year Ended March 31,                                                                                            |   | 2011   |       |   | 2010   |   |       | 2009   |   |
|-----------------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|------------|--------|--------|
|                                                                                                                  |   |   |       |   |   |   |       |   |   |
| Interest and dividend income                                                                                          |   |   |       |   |   |   |       |   |   |
|     Loans                                                                                         |   | $      | 27,330,101 |   |   | $      | 28,009,388 |   |   | $ | 28,128,744 |   |
|     Investment securities                                                                         |   |   | 38,544     |   |   |   | 49,114     |   |   |   | 102,707 |   |
|     Other investments                                                                             |   |   | 216,338    |   |   |   | 139,862    |   |   |   | 460,431 |   |
|                                                                                                                  |   |   |       |   |   |   |       |   |   |   |   |   |
| Total interest and dividend income                                                                                    |   |   | 27,584,983 |   |   |   | 28,198,364 |   |   |   | 28,691,882 |   |
|                                                                                                                  |   |   |       |   |   |   |       |   |   |   |   |   |
| Interest expense                                                                                                      |   |   |       |   |   |   |       |   |   |   |   |   |
|     Deposits                                                                                      |   |   | 4,911,753  |   |   |   | 7,149,169  |   |   |   | 10,497,223 |   |
|     Borrowed money                                                                                |   |   | 700,004    |   |   |   | 932,177    |   |   |   | 1,962,933 |   |
|                                                                                                                  |   |   |       |   |   |   |       |   |   |   |   |   |
| Total interest expense                                                                                                |   |   | 5,611,757  |   |   |   | 8,081,346  |   |   |   | 12,460,156 |   |
|                                                                                                                  |   |   |       |   |   |   |       |   |   |   |   |   |
| Net interest income                                                                                                   |   |   | 21,973,226 |   |   |   | 20,117,018 |   |   |   | 16,231,726 |   |
|                                                                                                                  |   |   |       |   |   |   |       |   |   |   |   |   |
| Provision for loan losses                                                                                             |   |   | 8,170,534  |   |   |   | 4,031,454  |   |   |   | 4,285,389 |   |
|                                                                                                                  |   |   |       |   |   |   |       |   |   |   |   |   |
| Net interest income after provision for    loan losses                                            |   |   | 13,802,692 |   |   |   | 16,085,564 |   |   |   | 11,946,337 |   |
|                                                                                                                  |   |   |       |   |   |   |       |   |   |   |   |   |
| Noninterest income                                                                                                    |   |   |       |   |   |   |       |   |   |   |   |   |
|     Service charges, fees and commissions                                                         |   |   | 3,711,799  |   |   |   | 3,299,784  |   |   |   | 3,036,692 |   |
|     Other                                                                                         |   |   | 377,408    |   |   |   | 550,421    |   |   |   | 386,158 |   |
|     Other-than-temporary impairment of       equity securities |   |   | -          |   |   |   | -          |   |   |   | (11,535,669 | ) |
|                                                                                                                  |   |   |       |   |   |   |       |   |   |   |   |   |
| Total noninterest income                                                                                              |   |   | 4,089,207  |   |   |   | 3,850,205  |   |   |   | (8,112,819 | ) |
|                                                                                                                  |   |   |       |   |   |   |       |   |   |   |   |   |
| Noninterest expense                                                                                                   |   |   |       |   |   |   |       |   |   |   |   |   |
|     Compensation and employee benefits                                                            |   |   | 8,661,698  |   |   |   | 8,292,343  |   |   |   | 7,708,019 |   |
|     Occupancy                                                                                     |   |   | 1,518,331  |   |   |   | 1,719,320  |   |   |   | 1,537,291 |   |
|     Data processing                                                                               |   |   | 1,513,035  |   |   |   | 1,486,174  |   |   |   | 1,495,990 |   |
|     Advertising                                                                                   |   |   | 522,072    |   |   |   | 490,110    |   |   |   | 477,852 |   |
|     Professional fees                                                                             |   |   | 410,328    |   |   |   | 361,690    |   |   |   | 556,117 |   |
|     Deposit insurance                                                                             |   |   | 699,681    |   |   |   | 1,108,652  |   |   |   | 327,523 |   |
|     Real estate owned and collections                                                             |   |   | 931,987    |   |   |   | 308,129    |   |   |   | 122,191 |   |
|     Other                                                                                         |   |   | 1,269,411  |   |   |   | 1,228,374  |   |   |   | 1,224,368 |   |
|                                                                                                                  |   |   |       |   |   |   |       |   |   |   |   |   |
| Total noninterest expense                                                                                             |   |   | 15,526,543 |   |   |   | 14,994,792 |   |   |   | 13,449,351 |   |
|                                                                                                                  |   |   |       |   |   |   |       |   |   |   |   |   |

----

| Year Ended March 31,                        |   | 2011   |      |   | 2010   |   |      | 2009   |   |
|---------------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|
|                                        |   |   |      |   |   |   |      |   |   |
| Income (loss) before income taxes           |   | $      | 2,365,356 |   |   | $      | 4,940,977 |   |   | $ | (9,615,833 | ) |
|                                        |   |   |      |   |   |   |      |   |   |   |   |   |
| Income tax expense (benefit)                |   |   | 843,102   |   |   |   | 1,349,189 |   |   |   | (3,792,549 | ) |
|                                        |   |   |      |   |   |   |      |   |   |   |   |   |
| Net income (loss)                           |   |   | 1,522,254 |   |   |   | 3,591,788 |   |   |   | (5,823,284 | ) |
|                                        |   |   |      |   |   |   |      |   |   |   |   |   |
| Amortization of discount on preferred stock |   |   | (120,636  | )      |   |   | (120,636  | )      |   |   | (34,180 | ) |
|                                        |   |   |      |   |   |   |      |   |   |   |   |   |
| Cumulative dividends on preferred stock     |   |   | (632,150  | )      |   |   | (632,150  | )      |   |   | (176,334 | ) |
|                                        |   |   |      |   |   |   |      |   |   |   |   |   |
| Net income (loss) available to common       |   |   |      |   |   |   |      |   |   |   |   |   |
|     stockholders        |   | $      | 769,468   |   |   | $      | 2,839,002 |   |   | $ | (6,033,798 | ) |
|                                        |   |   |      |   |   |   |      |   |   |   |   |   |
| Earnings (loss) per common share            |   |   |      |   |   |   |      |   |   |   |   |   |
|     Basic               |   | $      | 0.18      |   |   | $      | 0.65      |   |   | $ | (1.39 | ) |
|     Diluted             |   | $      | 0.18      |   |   | $      | 0.65      |   |   | $ | (1.39 | ) |

----

|                                                                                                                                    |   |      |       |   |   |   |   |     |   |   |        |   |   |       |     |   |     |    |            | Accumulated    |   |    |                |    |
|----------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------|------------|--------|--------|--------|--------|----------|--------|--------|-------------|--------|--------|------------|----------|--------|----------|---------|-----------------|----------------|--------|---------|---------------------|---------|
|                                                                                                                                         |   |      |       |   |   |   |   |     |   |   | Discount on |   |   | Additional |     |   |     |    |            | Other Compre-  |   |    | Total               |    |
|                                                                                                                                         |   | Preferred |       |   | Common |   |   |     |   |   | Preferred   |   |   | Paid-in    |     |   | Retained |    |            | hensive Income |   |    | Stockholders’ |    |
|                                                                                                                                         |   | Stock     |       |   | Stock  |   |   | Warrants |   |   | Stock       |   |   | Capital    |     |   | Earnings |    |            | (Loss), Net    |   |    | Equity              |    |
|                                                                                                                                         |   |      |       |   |   |   |   |     |   |   |        |   |   |       |     |   |     |    |            |           |   |    |                |    |
| Balance, March 31, 2008                                                                                                                      |   | $         | -          |   |   | $      | 43,360 |     |   | $      | -           |   |   | $          | -        |   |     | $       | 5,391,704       |           |   | $       | 34,992,515          |    |   | $ | (1,722,876 | ) |   | $ | 38,704,703 |   |
| Comprehensive loss:                                                                                                                          |   |      |       |   |   |   |   |     |   |   |        |   |   |       |     |   |     |    |            |           |   |    |                |    |   |   |   |   |   |   |   |   |
|     Net loss                                                                                                             |   |      | -          |   |   |   | -      |     |   |   | -           |   |   |       | -        |   |     |    | -               |           |   |    |  (5,823,284    | )  |   |   |  - |   |   |   |  (5,823,284 | )  |
|     Change in unrealized loss    on available for sale    securities, net of tax |   |      | -          |   |   |   | -      |     |   |   | -           |   |   |       | -        |   |     |    |  -         |           |   |    |  -             |    |   |   |  1,353,616 |   |   |   |  1,353,616 |   |
| Pension liability adjustment,   net of tax                                                                                    |   |      | -          |   |   |   | -      |     |   |   | -           |   |   |       | -        |   |     |    | -               |           |   |    | -                   |    |   |   | (4,971 | )  |   |   | (4,971 | )  |
| Total comprehensive loss                                                                                                                     |   |      |       |   |   |   |   |     |   |   |        |   |   |       |     |   |     |    |            |           |   |    |                |    |   |   |   |   |   |   |  (4,474,639 | )  |
| Cash dividends on common                                                                                                                     |   |      |       |   |   |   |   |     |   |   |        |   |   |       |     |   |     |    |            |           |   |    |                |    |   |   |   |   |   |   |   |   |
|    stock, $0.13 per share                                                                                                     |   |      | -          |   |   |   | -      |     |   |   | -           |   |   |       | -        |   |     |    |  -         |           |   |    |  (565,814)     |    |   |   |  - |   |   |   | (565,814 | ) |
| Preferred stock issuance                                                                                                                     |   |      | 12,643,000 |   |   |   | -      |     |   |   | 603,153     |   |   |       | (603,153 | )      |     |    |  -         |           |   |    |  -             |    |   |   |  - |   |   |   |  12,643,000 |   |
| Reduction due to change   in pension measurement date,   net of tax                                            |   |      | -          |   |   |   | -      |     |   |   | -           |   |   |       | -        |   |     |    | -               |           |   |    | (50,464             | )       |   |   | - |   |   |   | (50,464 | ) |
| Amortization of discount on   preferred stock                                                                                 |   |      | -          |   |   |   | -      |     |   |   | -           |   |   |       | 34,180   |   |     |    | -               |           |   |    | (34,180             | )  |   |   | - |   |   |   | - |   |
| Dividend on preferred stock                                                                                                                  |   |      | -          |   |   |   | -      |     |   |   | -           |   |   |       | -        |   |     |    |  -         |           |   |    |  (98,334       | )  |   |   |  - |   |   |   |  (98,334 | )  |
| Stock-based compensation   expense                                                                                            |   |      | -          |   |   |   | -      |     |   |   | -           |   |   |       | -        |   |     |    |  6,826     |           |   |    |  -             |    |   |   |  - |   |   |   |  6,826 |   |
| Exercise of stock options                                                                                                                    |   |      | -          |   |   |   | 257    |     |   |   | -           |   |   |       | -        |   |     |    | 171,028         |           |   |    | -                   |    |   |   | - |   |   |   | 171,285 |   |
|                                                                                                                                         |   |      |       |   |   |   |   |     |   |   |        |   |   |       |     |   |     |    |            |           |   |    |                |    |   |   |   |   |   |   |   |   |
| Balance, March 31, 2009                                                                                                                      |   |      | 12,643,000 |   |   |   | 43,617 |     |   |   | 603,153     |   |   |       | (568,973 | )      |     |    | 5,569,558       |           |   |    | 28,420,439          |    |   |   | (374,231 | )  |   |   | 46,336,563 |   |
| Comprehensive income:                                                                                                                        |   |      |       |   |   |   |   |     |   |   |        |   |   |       |     |   |     |    |            |           |   |    |                |    |   |   |   |   |   |   |   |   |
|     Net income                                                                                                           |   |      | -          |   |   |   | -      |     |   |   | -           |   |   |       | -        |   |     |    |  -         |           |   |    |  3,591,788     |    |   |   |  - |   |   |   |  3,591,788 |   |
| Pension liability adjustment,   net of tax                                                                                    |   |      | -          |   |   |   | -      |     |   |   | -           |   |   |       | -        |   |     |    | -               |           |   |    | -                   |    |   |   | (292,726 | )  |   |   | (292,726 | )  |
| Total comprehensive income                                                                                                                   |   |      |       |   |   |   |   |     |   |   |        |   |   |       |     |   |     |    |            |           |   |    |                |    |   |   |   |   |   |   | 3,299,062 |   |
| Amortization of discount on    preferred stock                                                                           |   |      | -          |   |   |   | -      |     |   |   | -           |   |   |       | 120,636  |   |     |    |  -         |           |   |    |  (120,636      | )  |   |   |  - |   |   |   |  - |   |
| Stock-based compensation                                                                                                                     |   |      | -          |   |   |   | -      |     |   |   | -           |   |   |       | -        |   |     |    | 8,400           |           |   |    | -                   |    |   |   | - |   |   |   | 8,400 |   |
| Dividend on preferred stock                                                                                                                  |   |      | -          |   |   |   | -      |     |   |   | -           |   |   |       | -        |   |     |    |  -         |           |   |    |  (632,150      | )  |   |   |  - |   |   |   |  (632,150 | )  |
|                                                                                                                                         |   |      |       |   |   |   |   |     |   |   |        |   |   |       |     |   |     |    |            |           |   |    |                |    |   |   |   |   |   |   |   |   |
| Balance, March 31, 2010                                                                                                                      |   |      | 12,643,000 |   |   |   | 43,617 |     |   |   | 603,153     |   |   |       | (448,337 | )      |     |    |  5,577,958 |           |   |    |  31,259,441    |    |   |   |  (666,957 | )  |   |   |  49,011,875 |   |
| Comprehensive income:                                                                                                                        |   |      |       |   |   |   |   |     |   |   |        |   |   |       |     |   |     |    |            |           |   |    |                |    |   |   |   |   |   |   |   |   |
|     Net income                                                                                                           |   |      | -          |   |   |   | -      |     |   |   | -           |   |   |       | -        |   |     |    |  -         |           |   |    |  1,522,254     |    |   |   |  - |   |   |   | 1,522,254 |   |
| Pension liability adjustment,   net of tax                                                                                    |   |      | -          |   |   |   | -      |     |   |   | -           |   |   |       | -        |   |     |    |  -         |           |   |    |  -             |    |   |   |  (162,679 | )  |   |   |  (162,579 | )  |
| Total comprehensive income                                                                                                                   |   |      |       |   |   |   |   |     |   |   |        |   |   |       |     |   |     |    |            |           |   |    |                |    |   |   |   |   |   |   | 1,359,575 |   |
| Amortization of discount on    preferred stock                                                                           |   |      | -          |   |   |   | -      |     |   |   | -           |   |   |       | 120,636  |   |     |    | -               |           |   |    | (120,636            | )  |   |   | - |   |   |   | - |   |
| Stock-based compensation                                                                                                                     |   |      | -          |   |   |   | -      |     |   |   | -           |   |   |       | -        |   |     |    | 21,094          |           |   |    | -                   |    |   |   | - |   |   |   | 21,094 |   |
| Dividend on preferred stock                                                                                                                  |   |      | -          |   |   |   | -      |     |   |   | -           |   |   |       | -        |   |     |    |  -         |           |   |    |  (632,150      | )  |   |   |  - |   |   |   | (632,150 | )  |
| Balance, March 31, 2011                                                                                                                      |   | $         | 12,643,000 |   |   | $      | 43,617 |     |   | $      | 603,153     |   |   | $          | (327,701 | )      |     | $  | 5,599,052       |           |   | $  | 32,028,909          |    |   | $  | (829,636 | ) |   | $  | 49,760,394 |   |

----

| Year Ended March 31,                                                                                                                                                                                                                        |   | 2011   |       |   | 2010   |   |        | 2009   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|-------------|--------|--------|
|                                                                                                                                                                                                                                        |   |   |       |   |   |   |        |   |   |
| Operating activities                                                                                                                                                                                                                        |   |   |       |   |   |   |        |   |   |
|     Net income (loss)                                                                                                                                                                                                   |   | $      | 1,522,254  |   |   | $      | 3,591,788   |   |   | $ | (5,823,284 | ) |
|     Adjustments to reconcile net income (loss) to        net cash provided by operating activities                                                                              |   |   |       |   |   |   |        |   |   |   |   |   |
|             Provision for loan losses                                                                                                                                           |   |   | 8,170,534  |   |   |   | 4,031,454   |   |   |   | 4,285,389 |   |
|             Losses/impairment on foreclosed assets                                                                                                                              |   |   | 353,994    |   |   |   | -           |   |   |   | - |   |
|             Depreciation                                                                                                                                                        |   |   | 627,361    |   |   |   | 603,873     |   |   |   | 585,777 |   |
|             Stock-based compensation expense                                                                                                                                    |   |   | 21,094     |   |   |   | 8,400       |   |   |   | 6,826 |   |
|             Amortization of premium and accretion                of discount on securities, net |   |   | -          |   |   |   | 10          |   |   |   | 207 |   |
|             (Increase) decrease in net deferred loan                origination costs           |   |   | (20,597    | )      |   |   | 30,912      |   |   |   | 193,534 |   |
|             Securities impairment                                                                                                                                               |   |   | -          |   |   |   | -           |   |   |   | 11,535,669 |   |
|             Deferred income tax expense (benefit)                                                                                                                               |   |   | 473,197    |   |   |   | 1,778,645   |   |   |   | (5,851,976 | ) |
|             Decrease (increase) in other assets                                                                                                                                 |   |   | 2,117,258  |   |   |   | (4,826,785  | )      |   |   | 420,522 |   |
|             Increase (decrease) in other liabilities                                                                                                                            |   |   | 177,761    |   |   |   | (2,226,209  | )      |   |   | 1,430,351 |   |
|                                                                                                                                                                                                                                        |   |   |       |   |   |   |        |   |   |   |   |   |
| Net cash provided by operating activities                                                                                                                                                                                                   |   |   | 13,442,856 |   |   |   | 2,992,088   |   |   |   | 6,783,015 |   |
|                                                                                                                                                                                                                                        |   |   |       |   |   |   |        |   |   |   |   |   |
| Investing activities                                                                                                                                                                                                                        |   |   |       |   |   |   |        |   |   |   |   |   |
|     Proceeds from maturities of held to        maturity securities                                                                                                              |   |   | 2,698,000  |   |   |   | 1,500,000   |   |   |   | 4,840,000 |   |
|     Proceeds from redemption of available        for sale securities                                                                                                            |   |   | 34,750     |   |   |   | 133,950     |   |   |   | - |   |
|     Purchase of held to maturity securities                                                                                                                                                                             |   |   | (3,198,000 | )      |   |   | (1,498,000  | )      |   |   | (3,600,000 | ) |
|     Net decrease (increase) in loans                                                                                                                                                                                    |   |   | 2,379,851  |   |   |   | (33,469,313 | )      |   |   | (46,384,656 | ) |
|     Purchase of property and equipment                                                                                                                                                                                  |   |   | (475,737   | )      |   |   | (1,172,963  | )      |   |   | (1,013,975 | ) |
|     Proceeds from sale of real estate owned                                                                                                                                                                             |   |   | 5,677,509  |   |   |   | 2,449,136   |   |   |   | 1,321,568 |   |
|     Redemption (purchase) of FHLB stock                                                                                                                                                                                 |   |   | 622,300    |   |   |   | (945,000    | )      |   |   | (27,800 | ) |
|                                                                                                                                                                                                                                        |   |   |       |   |   |   |        |   |   |   |   |   |
| Net cash provided by (used in)  investing activities                                                                                                                                                                              |   |   | 7,738,673  |   |   |   | (33,002,190 | )      |   |   | (44,864,863 | ) |

----

| Year Ended March 31,                                                                                                                         |   | 2011   |        |   | 2010   |   |       | 2009   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-------------|--------|--------|--------|------------|--------|--------|
|                                                                                                                                         |   |   |        |   |   |   |       |   |   |
| Financing activities                                                                                                                         |   |   |        |   |   |   |       |   |   |
|     Net (decrease) increase in certificates of        deposit                    |   | $      | (33,772,052 | )      |   | $      | 3,218,975  |   |   | $ | 10,491,810 |   |
|    Net increase in savings and checking deposits                                                                              |   |   | 14,396,505  |   |   |   | 29,695,851 |   |   |   | 4,282,860 |   |
|     Proceeds from issuance of common stock                                                                               |   |   | -           |   |   |   | -          |   |   |   | 171,285 |   |
|     Proceeds from issuance of preferred stock                                                                            |   |   | -           |   |   |   | -          |   |   |   | 12,643,000 |   |
|     Increase (decrease) in securities sold under        agreements to repurchase |   |   | 599,458     |   |   |   | (630,091   | )      |   |   | (1,358,818 | ) |
|     Dividends paid                                                                                                       |   |   | (632,150    | )      |   |   | (632,150   | )      |   |   | (664,148 | ) |
|     Net change in borrowings                                                                                             |   |   | 750,000     |   |   |   | 1,250,000  |   |   |   | (1,000,000 | ) |
|                                                                                                                                         |   |   |        |   |   |   |       |   |   |   |   |   |
| Net cash (used in) provided by financing activities                                                                                          |   |   | (18,658,239 | )      |   |   | 32,902,585 |   |   |   | 24,565,989 |   |
|                                                                                                                                         |   |   |        |   |   |   |       |   |   |   |   |   |
| Increase (decrease) in cash and cash                                                                                                         |   |   |        |   |   |   |       |   |   |   |   |   |
|    equivalents                                                                                                                |   |   | 2,523,290   |   |   |   | 2,892,483  |   |   |   | (13,515,859 | ) |
|                                                                                                                                         |   |   |        |   |   |   |       |   |   |   |   |   |
| Cash and cash equivalents – beginning of year                                                                                          |   |   | 5,374,665   |   |   |   | 2,482,182  |   |   |   | 15,998,041 |   |
|                                                                                                                                         |   |   |        |   |   |   |       |   |   |   |   |   |
| Cash and cash equivalents – end of year                                                                                                |   | $      | 7,897,955   |   |   | $      | 5,374,665  |   |   | $ | 2,482,182 |   |
|                                                                                                                                         |   |   |        |   |   |   |       |   |   |   |   |   |
| Supplemental Disclosure of Cash Flow    Information                                                                      |   |   |        |   |   |   |       |   |   |   |   |   |
|                                                                                                                                         |   |   |        |   |   |   |       |   |   |   |   |   |
| Cash payments of interest expense                                                                                                            |   | $      | 5,709,615   |   |   | $      | 9,827,121  |   |   | $ | 12,891,364 |   |
|                                                                                                                                         |   |   |        |   |   |   |       |   |   |   |   |   |
| Cash payments of income taxes                                                                                                                |   | $      | -           |   |   | $      | 2,852,283  |   |   | $ | 1,307,487 |   |
|                                                                                                                                         |   |   |        |   |   |   |       |   |   |   |   |   |
| Supplemental Schedule of Non-Cash    Investing and Financing Activities                                                  |   |   |        |   |   |   |       |   |   |   |   |   |
|                                                                                                                                         |   |   |        |   |   |   |       |   |   |   |   |   |
| Net change in unrealized gain (loss) on  securities available for sale                                                             |   | $      | -           |   |   | $      | -          |   |   | $ | 2,180,606 |   |
|                                                                                                                                         |   |   |        |   |   |   |       |   |   |   |   |   |
| Pension liability adjustment                                                                                                                 |   | $      | (262,386    | )      |   | $      | (472,138   | )      |   | $ | (8,019 | ) |
|                                                                                                                                         |   |   |        |   |   |   |       |   |   |   |   |   |
| Transfers from loans to real estate acquired    through foreclosure                                                      |   | $      | 14,457,276  |   |   | $      | 4,565,933  |   |   | $ | 2,129,151 |   |

----

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| March 31, 2011                                                                                                         |   |          |      |   |                 |   |   |                  |   |   |                 |   |
|------------------------------------------------------------------------------------------------------------------------|--------|---------------|-----------|--------|----------------------|--------|--------|-----------------------|--------|--------|----------------------|--------|
|                                                                                                                   |   | AmortizedCost |      |   | GrossUnrealizedGains |   |   | GrossUnrealizedLosses |   |   | EstimatedMarketValue |   |
|                                                                                                                   |   |          |      |   |                 |   |   |                  |   |   |                 |   |
| Held to Maturity                                                                                                       |   |          |      |   |                 |   |   |                  |   |   |                 |   |
|                                                                                                                   |   |          |      |   |                 |   |   |                  |   |   |                 |   |
|     United States government and        agency obligations |   | $             | 2,000,000 |   |                 |   | -      |                  |   | $      | 33,680               |   |   | $ | 1,966,320 |   |
|                                                                                                                   |   |          |      |   |                 |   |   |                  |   |   |                 |   |   |   |   |   |
|     Other                                                                                          |   |          | 198,000   |   |                 |   | -      |                  |   |   | -                    |   |   |   | 198,000 |   |
|                                                                                                                   |   |          | 2,198,000 |   |                 |   | -      |                  |   |   | 33,680               |   |   |   | 2,164,320 |   |
| Available for Sale                                                                                                     |   |          |      |   |                 |   |   |                  |   |   |                 |   |   |   |   |   |
|                                                                                                                   |   |          |      |   |                 |   |   |                  |   |   |                 |   |   |   |   |   |
|     Equity securities                                                                              |   |          | 38,647    |   |                 |   | -      |                  |   |   | -                    |   |   |   | 38,647 |   |
|                                                                                                                   |   |          |      |   |                 |   |   |                  |   |   |                 |   |   |   |   |   |
|                                                                                                                   |   | $             | 2,236,647 |   |                 |   | -      |                  |   | $      | 33,680               |   |   | $ | 2,202,967 |   |
|                                                                                                                   |   |

| March 31, 2010                                                                                                         |   |          |      |   |                 |   |   |                  |   |   |                 |   |
|------------------------------------------------------------------------------------------------------------------------|--------|---------------|-----------|--------|----------------------|--------|--------|-----------------------|--------|--------|----------------------|--------|
|                                                                                                                   |   | AmortizedCost |      |   | GrossUnrealizedGains |   |   | GrossUnrealizedLosses |   |   | EstimatedMarketValue |   |
|                                                                                                                   |   |          |      |   |                 |   |   |                  |   |   |                 |   |
| Held to Maturity                                                                                                       |   |          |      |   |                 |   |   |                  |   |   |                 |   |
|                                                                                                                   |   |          |      |   |                 |   |   |                  |   |   |                 |   |
|     United States government and        agency obligations |   | $             | 1,500,000 |   |                 | $      | 2,655  |                  |   | $      | 2,500                |   |   | $ | 1,500,155 |   |
|                                                                                                                   |   |          |      |   |                 |   |   |                  |   |   |                 |   |   |   |   |   |
|     Other                                                                                          |   |          | 198,000   |   |                 |   | -      |                  |   |   | -                    |   |   |   | 198,000 |   |
|                                                                                                                   |   |          | 1,698,000 |   |                 |   | 2,655  |                  |   |   | 2,500                |   |   |   | 1,698,155 |   |
| Available for Sale                                                                                                     |   |          |      |   |                 |   |   |                  |   |   |                 |   |   |   |   |   |
|                                                                                                                   |   |          |      |   |                 |   |   |                  |   |   |                 |   |   |   |   |   |
|     Equity securities                                                                              |   |          | 73,397    |   |                 |   | -      |                  |   |   | -                    |   |   |   | 73,397 |   |
|                                                                                                                   |   |          |      |   |                 |   |   |                  |   |   |                 |   |   |   |   |   |
|                                                                                                                   |   | $             | 1,771,357 |   |                 | $      | 2,655  |                  |   | $      | 2,500                |   |   | $ | 1,771,552 |   |

----

|                                                  |   |          |      |   |                 |   |
|-------------------------------------------------------|--------|---------------|-----------|--------|----------------------|--------|
|                                                  |   | AmortizedCost |      |   | EstimatedMarketValue |   |
|                                                  |   |          |      |   |                 |   |
| Held to Maturity                                      |   |          |      |   |                 |   |
|                                                  |   |          |      |   |                 |   |
|     Due in one year or less       |   | $             | 198,000   |   |                 | $      | 198,000 |   |
|     Due in one through five years |   |          | 2,000,000 |   |                 |   | 1,966,320 |   |
|                                                  |   |          | 2,198,000 |   |                 |   | 2,164,320 |   |
|                                                  |   |          |      |   |                 |   |   |   |
| Available for Sale                                    |   |          |      |   |                 |   |   |   |
|                                                  |   |          |      |   |                 |   |   |   |
|     Equity securities             |   |          | 38,647    |   |                 |   | 38,647 |   |
|                                                  |   |          |      |   |                 |   |   |   |
|                                                  |   | $             | 2,236,647 |   |                 | $      | 2,202,967 |   |
|                                                  |   |          |      |   |                 |   |   |   |

----

| March 31, 2011                                                                                             | Less Than Twelve Months | Over Twelve Months   |
|------------------------------------------------------------------------------------------------------------|-------------------------|----------------------|
|                                                                                                       | GrossUnrealizedLosses   | EstimatedMarketValue | GrossUnrealizedLosses | EstimatedMarketValue |
|                                                                                                       |                    |                 |   |   |
|                                                                                                       |                    |                 |   |   |
| Held to Maturity                                                                                           |                    |                 |   |   |
|                                                                                                       |                    |                 |   |   |
|     United States government and      agency obligations | $33,680                 | $1,966,320           | $            - | $            - |

| March 31, 2010                                                                                             | Less Than Twelve Months | Over Twelve Months   |
|------------------------------------------------------------------------------------------------------------|-------------------------|----------------------|
|                                                                                                       | GrossUnrealizedLosses   | EstimatedMarketValue | GrossUnrealizedLosses | EstimatedMarketValue |
|                                                                                                       |                    |                 |   |   |
|                                                                                                       |                    |                 |   |   |
| Held to Maturity                                                                                           |                    |                 |   |   |
|                                                                                                       |                    |                 |   |   |
|     United States government and      agency obligations | $2,500                  | $997,500             | $            - | $            - |

----

| March 31,                                          |   | 2011   |        |   | 2010   |   |
|----------------------------------------------------|--------|--------|-------------|--------|--------|--------|
|                                               |   |   |        |   |   |   |
| Residential                                        |   | $      | 195,128,796 |   |   | $      | 192,928,599 |   |
| Commercial - real estate                           |   |   | 181,822,323 |   |   |   | 171,805,427 |   |
| Construction                                       |   |   | 20,649,944  |   |   |   | 47,647,798 |   |
| Commercial – non real estate                 |   |   | 49,085,530  |   |   |   | 53,402,539 |   |
| Consumer – non real estate                   |   |   | 38,721,182  |   |   |   | 43,435,217 |   |
|                                               |   |   | 485,407,775 |   |   |   | 509,219,580 |   |
| Less:                                              |   |   |        |   |   |   |   |   |
|     Deferred loan (costs), net |   |   | (731,009    | )      |   |   | (959,258 | ) |
|     Allowance for loan losses  |   |   | 7,845,950   |   |   |   | 8,052,875 |   |
|                                               |   |   | 7,114,941   |   |   |   | 7,093,617 |   |
|                                               |   | $      | 478,292,834 |   |   | $      | 502,125,963 |   |

----

| Year Ended March 31,                       |   | 2011   |       |   | 2010   |   |       | 2009   |   |
|--------------------------------------------|--------|--------|------------|--------|--------|--------|------------|--------|--------|
|                                       |   |   |       |   |   |   |       |   |   |
| Balance at beginning of year               |   | $      | 8,052,875  |   |   | $      | 5,955,847  |   |   | $ | 3,214,771 |   |
| Provision for loan loss                    |   |   | 8,170,534  |   |   |   | 4,031,454  |   |   |   | 4,285,389 |   |
| Loans charged-off                          |   |   | (8,721,350 | )      |   |   | (2,105,988 | )      |   |   | (1,682,067 | ) |
| Recoveries of loans previously charged-off |   |   | 343,891    |   |   |   | 171,562    |   |   |   | 137,754 |   |
| Balance at end of year                     |   | $      | 7,845,950  |   |   | $      | 8,052,875  |   |   | $ | 5,955,847 |   |

| Year Ended March 31, 2011             |   |
|---------------------------------------|--------|
|                                  |   | Commercial –Non RealEstate |   |   | Commercial –Real Estate |   |   | Construction |   |   | Consumer –Non RealEstate |   |   | Residential |   |   | Total |   |
| Allowance for Loan Losses:            |   |
| Individually evaluated for impairment |   | $ | 68,695 |   |   | $ | 257,770 |   |   | $ | --- |   |   | $ | 16,541 |   |   | $ | 1,707,734 |   |   | $ | 2,050,740 |   |
| Collectively evaluated for impairment |   |   | 30,713 |   |   |   | 1,965,320 |   |   |   | 549,393 |   |   |   | 336,407 |   |   |   | 2,913,377 |   |   |   | 5,795,210 |   |
| Ending Balance:                       |   | $ | 99,408 |   |   | $ | 2,223,090 |   |   | $ | 549,393 |   |   | $ | 352,948 |   |   | $ | 4,621,111 |   |   | $ | 7,845,950 |   |
|                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans:                                |   |
| Individually evaluated for impairment |   | $ | 3,575,958 |   |   | $ | 3,873,407 |   |   | $ | --- |   |   | $ | 16,540 |   |   | $ | 6,772,734 |   |   | $ | 14,238,639 |   |
| Collectively evaluated for impairment |   |   | 45,509,572 |   |   |   | 177,948,916 |   |   |   | 20,649,944 |   |   |   | 38,704,642 |   |   |   | 188,356,062 |   |   |   | 471,169,136 |   |
| Ending Balance:                       |   | $ | 49,085,530 |   |   | $ | 181,822,323 |   |   | $ | 20,649,944 |   |   | $ | 38,721,182 |   |   | $ | 195,128,796 |   |   | $ | 485,407,775 |   |

----

| Year Ended March 31, 2011          |   |
|------------------------------------|--------|
|                               |   |
|                               |   | RecordedInvestment |   |   | UnpaidPrincipalBalance |   |   | RelatedAllowance |   |   | AverageRecordedInvestment |   |   | InterestIncomeRecognized |   |
| With no related allowance:         |   |
| Commercial – Non Real Estate |   |
| Commercial & Industrial        |   | $ | 3,909,295 |   |   | $ | 3,909,295 |   |   | $ | --- |   |   | $ | 1,814,361 |   |   | $ | 185,434 |   |
| Commercial Real Estate             |   |
| Commercial Real Estate             |   |   | 12,330,888 |   |   |   | 12,330,888 |   |   |   | --- |   |   |   | 7,014,822 |   |   |   | 733,552 |   |
| Land                               |   |   | 590,914 |   |   |   | 590,914 |   |   |   | --- |   |   |   | 695,445 |   |   |   | 10,198 |   |
| Multifamily                        |   |   | 943,791 |   |   |   | 943,791 |   |   |   | --- |   |   |   | 306,226 |   |   |   | 60,898 |   |
| Construction                       |   |
| Residential                        |   |   | 321,114 |   |   |   | 321,114 |   |   |   | --- |   |   |   | 323,182 |   |   |   | 16,056 |   |
| Commercial                         |   |   | --- |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |
| Consumer – Non Real Estate   |   |
| Automobile                         |   |   | 211,494 |   |   |   | 211,494 |   |   |   | --- |   |   |   | 190,448 |   |   |   | 14,623 |   |
| Other                              |   |   | 27,615 |   |   |   | 27,615 |   |   |   | --- |   |   |   | 39,692 |   |   |   | 1,573 |   |
| Residential                        |   |
| Single Family                      |   |   | 10,443,463 |   |   |   | 10,443,463 |   |   |   | --- |   |   |   | 6,085,676 |   |   |   | 526,808 |   |
| Equity Lines and Loans             |   |   | 158,493 |   |   |   | 158,493 |   |   |   | --- |   |   |   | 247,320 |   |   |   | 5,769 |   |
|                               |   |
| With allowance recorded:           |   |
| Commercial – Non Real Estate |   |
| Commercial & Industrial        |   | $ | 106,576 |   |   | $ | 106,576 |   |   | $ | 68,695 |   |   | $ | 1,855,492 |   |   | $ | 7,128 |   |
| Commercial Real Estate             |   |
| Commercial Real Estate             |   |   | 493,867 |   |   |   | 493,867 |   |   |   | 207,867 |   |   |   | 1,271,307 |   |   |   | --- |   |
| Land                               |   |   | --- |   |   |   | --- |   |   |   | --- |   |   |   | 1,713,795 |   |   |   | --- |   |
| Multifamily                        |   |   | 94,903 |   |   |   | 94,903 |   |   |   | 49,903 |   |   |   | 47,452 |   |   |   | 4,271 |   |
| Construction                       |   |
| Residential                        |   |   | --- |   |   |   | --- |   |   |   | --- |   |   |   | 658,538 |   |   |   | --- |   |
| Commercial                         |   |   | --- |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |
| Consumer – Non Real Estate   |   |
| Automobile                         |   |   | 13,561 |   |   |   | 13,561 |   |   |   | 13,561 |   |   |   | 3,390 |   |   |   | 504 |   |
| Other                              |   |   | 2,980 |   |   |   | 2,980 |   |   |   | 2,980 |   |   |   | 1,490 |   |   |   | --- |   |
| Residential                        |   |
| Single Family                      |   |   | 5,392,344 |   |   |   | 5,392,344 |   |   |   | 1,563,034 |   |   |   | 3,504,700 |   |   |   | 168,012 |   |
| Equity Lines and Loans             |   |   | 144,700 |   |   |   | 144,700 |   |   |   | 144,700 |   |   |   | 219,714 |   |   |   | 2,080 |   |

----

| Year Ended March 31, 2011          |   |
|------------------------------------|--------|
|                               |   |
|                               |   | RecordedInvestment |   |   | UnpaidPrincipalBalance |   |   | RelatedAllowance |   |   | AverageRecordedInvestment |   |   | InterestIncomeRecognized |   |
| Total:                             |   |
| Commercial – Non Real Estate |   |
| Commercial & Industrial        |   | $ | 4,015,871 |   |   | $ | 4,015,871 |   |   | $ | 68,695 |   |   | $ | 3,669,853 |   |   | $ | 192,562 |   |
| Commercial Real Estate             |   |
| Commercial Real Estate             |   |   | 12,824,755 |   |   |   | 12,824,755 |   |   |   | 207,867 |   |   |   | 8,286,129 |   |   |   | 733,552 |   |
| Land                               |   |   | 590,914 |   |   |   | 590,914 |   |   |   | --- |   |   |   | 2,409,240 |   |   |   | 10,198 |   |
| Multifamily                        |   |   | 1,038,694 |   |   |   | 1,038,694 |   |   |   | 49,903 |   |   |   | 353,678 |   |   |   | 65,169 |   |
| Construction                       |   |
| Residential                        |   |   | 321,114 |   |   |   | 321,114 |   |   |   | --- |   |   |   | 981,720 |   |   |   | 16,056 |   |
| Commercial                         |   |   | --- |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |
| Consumer – Non Real Estate   |   |
| Automobile                         |   |   | 225,055 |   |   |   | 225,055 |   |   |   | 13,561 |   |   |   | 193,838 |   |   |   | 15,127 |   |
| Other                              |   |   | 30,595 |   |   |   | 30,595 |   |   |   | 2,980 |   |   |   | 41,182 |   |   |   | 1,573 |   |
| Residential                        |   |
| Single Family                      |   |   | 15,835,807 |   |   |   | 15,835,807 |   |   |   | 1,563,034 |   |   |   | 9,590,376 |   |   |   | 694,820 |   |
| Equity Lines and Loans             |   |   | 303,193 |   |   |   | 303,193 |   |   |   | 144,700 |   |   |   | 467,034 |   |   |   | 7,849 |   |
|                               |   |

----

| Year Ended March 31, 2011          |   |
|------------------------------------|--------|
|                               |   |
|                               |   | 30-59 DaysPast Due |   |   | 60-89 DaysPast Due |   |   | 90 Days orMorePast Due |   |   | TotalPast Due |   |   | NonaccrualLoans |   |
| Commercial – Non Real Estate |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial & Industrial        |   | $ | 743,540 |   |   | $ | 609,235 |   |   | $ | 606,202 |   |   | $ | 1,958,977 |   |   | $ | 606,202 |   |
| Commercial Real Estate             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial Real estate             |   |   | 239,678 |   |   |   | 1,754,785 |   |   |   | 1,236,047 |   |   |   | 3,230,510 |   |   |   | 1,236,047 |   |
| Land                               |   |   | 335,602 |   |   |   | --- |   |   |   | 337,747 |   |   |   | 673,349 |   |   |   | 337,747 |   |
| Multifamily                        |   |   | --- |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |
| Construction                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential                        |   |   | --- |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |
| Commercial                         |   |   | --- |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |
| Consumer – Non Real Estate   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Automobile                         |   |   | 441,153 |   |   |   | 122,476 |   |   |   | 74,699 |   |   |   | 638,328 |   |   |   | 74,699 |   |
| Other                              |   |   | 16,167 |   |   |   | 285,055 |   |   |   | 3,821 |   |   |   | 305,043 |   |   |   | 3,821 |   |
| Residential                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Single Family                      |   |   | 755,029 |   |   |   | 717,528 |   |   |   | 3,660,755 |   |   |   | 5,133,312 |   |   |   | 3,660,755 |   |
| Equity Lines and Loans             |   |   | 404,394 |   |   |   | 150,033 |   |   |   | 256,328 |   |   |   | 810,755 |   |   |   | 256,328 |   |
| Totals                             |   | $ | 2,935,563 |   |   | $ | 3,639,112 |   |   | $ | 6,175,599 |   |   | $ | 12,750,274 |   |   | $ | 6,175,599 |   |

----

| Pass            | A Pass loan’s primary source of repayment is satisfactory, with secondary sources very likely to be realized if necessary.                                                                                                                                                                                                                                                                                                                          |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Special Mention | A Special Mention loan has potential weaknesses that deserve management’s close attention.  If left uncorrected, these potential weaknesses may result in the deterioration of the repayment prospects for the asset or the Corporation’s credit position at some future date.  Special Mention loans are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. |
| Substandard     | A Substandard loan is inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any.  Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt.  They are characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected.                         |
| Doubtful        | A loan classified Doubtful has all the weaknesses inherent in one classified Substandard with the added characteristics that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.                                                                                                                                                                 |
| Loss            | A loan classified Loss is considered uncollectible and of such little value that continuance as a bankable asset is not warranted.  This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be affected in the future.                                                   |

| Year Ended March 31, 2011          |   |
|------------------------------------|--------|
|                               |   |
| Internal Risk Rating Grades        |   | Pass |   |   | SpecialMention |   |   | Substandard |   |   | Doubtful |   |   | Loss |   |
| Commercial – Non Real Estate |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial & Industrial        |   | $ | 38,043,245 |   |   | $ | 4,858,861 |   |   | $ | 6,112,424 |   |   | $ | 71,000 |   |   | $ | --- |   |
| Commercial Real Estate             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial Real estate             |   |   | 101,373,538 |   |   |   | 17,705,767 |   |   |   | 7,806,399 |   |   |   | --- |   |   |   | --- |   |
| Land                               |   |   | 31,858,946 |   |   |   | 4,424,158 |   |   |   | 1,946,165 |   |   |   | --- |   |   |   | --- |   |
| Multifamily                        |   |   | 15,676,683 |   |   |   | --- |   |   |   | 1,030,667 |   |   |   | --- |   |   |   | --- |   |
| Construction                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential                        |   |   | 13,329,026 |   |   |   | 855,077 |   |   |   | 332,000 |   |   |   | --- |   |   |   | --- |   |
| Commercial                         |   |   | 6,133,841 |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |
| Consumer – Non Real Estate   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Automobile                         |   |   | 30,824,809 |   |   |   | 226,026 |   |   |   | 235,550 |   |   |   | --- |   |   |   | --- |   |
| Other                              |   |   | 7,012,773 |   |   |   | 29,057 |   |   |   | 392,967 |   |   |   | --- |   |   |   | --- |   |
| Residential                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Single Family                      |   |   | 121,410,759 |   |   |   | 12,964,909 |   |   |   | 13,822,691 |   |   |   | --- |   |   |   | --- |   |
| Equity Lines and Loans             |   |   | 43,823,032 |   |   |   | 2,382,852 |   |   |   | 724,553 |   |   |   | --- |   |   |   | --- |   |
| Totals                             |   | $ | 409,486,652 |   |   | $ | 43,446,707 |   |   | $ | 32,403,416 |   |   | $ | 71,000 |   |   | $ | --- |   |

----

| March 31,                               |   | 2011   |       |   | 2010   |   |
|-----------------------------------------|--------|--------|------------|--------|--------|--------|
|                                    |   |   |       |   |   |   |
| Balance at the beginning of year, gross |   | $      | 4,022,853  |   |   | $      | 1,865,041 |   |
| Transfers from loans                    |   |   | 14,457,276 |   |   |   | 4,565,933 |   |
| Capitalized costs                       |   |   | 304,179    |   |   |   | 563,288 |   |
| Sales proceeds                          |   |   | (5,677,509 | )      |   |   | (2,449,186 | ) |
| Gain (loss) on disposition              |   |   | (1,497,033 | )      |   |   | (522,223 | ) |
| Balance at the end of year, gross       |   |   | 11,609,766 |   |   |   | 4,022,853 |   |
| Less valuation allowance                |   |   | (1,346,278 | )      |   |   | (992,284 | ) |
| Balance at the end of year, net         |   | $      | 10,263,488 |   |   | $      | 3,030,569 |   |

| Balance at the beginning of the year |   |   | 992,284    |   |   |   | 575,002  |   |
|--------------------------------------|--------|--------|------------|--------|--------|--------|----------|--------|
| Provision for losses                 |   |   | 1,402,359  |   |   |   | 792,241  |   |
| Charge-offs, net                     |   |   | (1,048,365 | )      |   |   | (374,959 | )      |
| Balance at the end of year           |   | $      | 1,346,278  |   |   | $      | 992,284  |   |

| March 31,                                      |   | 2011   |       |   | 2010   |   |
|------------------------------------------------|--------|--------|------------|--------|--------|--------|
|                                           |   |   |       |   |   |   |
| Buildings                                      |   | $      | 8,870,546  |   |   | $      | 8,848,863 |   |
| Land and improvements                          |   |   | 2,793,404  |   |   |   | 2,662,512 |   |
| Furniture and equipment                        |   |   | 6,191,553  |   |   |   | 5,881,673 |   |
| Construction in progress                       |   |   | 16,783     |   |   |   | 3,500 |   |
|                                           |   |   | 17,872,286 |   |   |   | 17,396,548 |   |
| Less accumulated depreciation and amortization |   |   | 9,103,140  |   |   |   | 8,475,779 |   |
| Property and equipment, net                    |   | $      | 8,769,146  |   |   | $      | 8,920,769 |   |

----

| March 31,                                             |   | 2011   |        |   | 2010   |   |
|-------------------------------------------------------|--------|--------|-------------|--------|--------|--------|
|                                                  |   |   |        |   |   |   |
| Demand deposits                                       |   |   |        |   |   |   |
|     Noninterest bearing           |   | $      | 27,560,553  |   |   | $      | 28,465,460 |   |
|     Savings accounts              |   |   | 33,997,042  |   |   |   | 31,586,397 |   |
|     NOW accounts                  |   |   | 47,885,332  |   |   |   | 40,378,534 |   |
|     Money market deposit accounts |   |   | 43,849,794  |   |   |   | 38,465,825 |   |
|                                                  |   |   |        |   |   |   |   |   |
| Total demand deposits                                 |   |   | 153,292,721 |   |   |   | 138,896,216 |   |
|                                                  |   |   |        |   |   |   |   |   |
| Time deposits                                         |   |   | 225,752,062 |   |   |   | 259,524,114 |   |
|                                                  |   |   |        |   |   |   |   |   |
|                                                  |   | $      | 379,044,783 |   |   | $      | 398,420,330 |   |

| Year Ending March 31, |   |   |        |   |
|-----------------------|--------|--------|-------------|--------|
|                  |   |   |        |   |
| 2012                  |   | $      | 174,948,231 |   |   |
| 2013                  |   |   | 22,773,307  |   |   |
| 2014                  |   |   | 12,139,891  |   |   |
| 2015                  |   |   | 6,438,473   |   |   |
| 2016                  |   |   | 9,452,160   |   |   |
|                  |   |   |        |   |   |
|                  |   |   |        |   |   |
|                  |   | $      | 225,752,062 |   |   |

----

| Year Ended March 31,                  |   | 2011   |      |   | 2010   |   |      | 2009   |   |
|---------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|
|                                  |   |   |      |   |   |   |      |   |   |
| Time deposits                         |   | $      | 4,138,751 |   |   | $      | 6,246,167 |   |   | $ | 9,569,305 |   |
| Money market deposit and NOW accounts |   |   | 597,465   |   |   |   | 633,449   |   |   |   | 602,623 |   |
| Savings                               |   |   | 175,537   |   |   |   | 269,553   |   |   |   | 325,295 |   |
|                                  |   |   |      |   |   |   |      |   |   |   |   |   |
|                                  |   | $      | 4,911,753 |   |   | $      | 7,149,169 |   |   | $ | 10,497,223 |   |

|   | Level 1 | – | Valuation is based on quoted prices in active markets for identical assets and liabilities.                                                                                                                                                                                                                                                                        |
|--------|---------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |    |    |                                                                                                                                                                                                                                                                                                                                                               |
|   | Level 2 | – | Valuation is based on observable inputs including quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets and liabilities in less active markets, and model-based valuation techniques for which significant assumptions can be derived primarily from or corroborated by observable data in the market. |

----

|   | Level 3 | – | Valuation is based on model-based techniques that use one or more significant inputs or assumptions that are unobservable in the market. |
|--------|---------|---------|------------------------------------------------------------------------------------------------------------------------------------------|

|              |   |    |   |   | Fair Value Measurements Using |   |
|-------------------|--------|---------|--------|--------|-------------------------------|--------|
|              |   |    |   |   | Quoted Prices                 |   |   |   |   |   |   |   |
|              |   |    |   |   | in Active                     |   |   | Significant |   |   |   |   |
|              |   |    |   |   | Markets for                   |   |   | Other |   |   | Significant |   |
|              |   |    |   |   | Identical                     |   |   | Observable |   |   | Unobservable |   |
|              |   |    |   |   | Assets                        |   |   | Inputs |   |   | Inputs |   |
| Description       |   | Balance |   |   | (Level 1)                     |   |   | (Level 2) |   |   | (Level 3) |   |
|              |   |    |   |   |                          |   |   |   |   |   |   |   |
| March 31, 2011:   |   |    |   |   |                          |   |   |   |   |   |   |   |
| Equity securities |   | $       | 38,647 |   |                          | $      | - |   |   | $ | 38,647 |   |   | $ | - |   |
|              |   |    |   |   |                          |   |   |   |   |   |   |   |   |   |   |   |
| March 31, 2010:   |   |    |   |   |                          |   |   |   |   |   |   |   |   |   |   |   |
| Equity securities |   | $       | 73,397 |   |                          | $      | - |   |   | $ | 73,397 |   |   | $ | - |   |

----

|                                                    |   |    |       |   | Carrying Value |   |
|---------------------------------------------------------|--------|---------|------------|--------|----------------|--------|
|                                                    |   |    |       |   | Quoted Prices  |   |   |   |   |   |   |   |
|                                                    |   |    |       |   | in Active      |   |   | Significant |   |   |   |   |
|                                                    |   |    |       |   | Markets for    |   |   | Other |   |   | Significant |   |
|                                                    |   |    |       |   | Identical      |   |   | Observable |   |   | Unobservable |   |
|                                                    |   |    |       |   | Assets         |   |   | Inputs |   |   | Inputs |   |
| Description                                             |   | Balance |       |   | (Level 1)      |   |   | (Level 2) |   |   | (Level 3) |   |
| March 31, 2011                                          |   |    |       |   |           |   |   |   |   |   |   |   |
|   Assets                                      |   |    |       |   |           |   |   |   |   |   |   |   |
|     Impaired loans net of           |   |    |       |   |           |   |   |   |   |   |   |   |
|       valuation allowance |   | $       | 4,198,192  |   |           | $      | - |   |   | $ | 4,160,713 |   |   | $ | 37,479 |   |
|     Real estate owned               |   | $       | 10,383,549 |   |           | $      | - |   |   | $ | 8,988,875 |   |   | $ | 1,394,674 |   |
|                                                    |   |    |       |   |           |   |   |   |   |   |   |   |   |   |   |   |
| March 31, 2010                                          |   |    |       |   |           |   |   |   |   |   |   |   |   |   |   |   |
|   Assets                                      |   |    |       |   |           |   |   |   |   |   |   |   |   |   |   |   |
|     Impaired loans net of           |   |    |       |   |           |   |   |   |   |   |   |   |   |   |   |   |
|       valuation allowance |   | $       | 7,331,452  |   |           | $      | - |   |   | $ | - |   |   | $ | 7,331,452 |   |
|     Real estate owned               |   | $       | 3,182,419  |   |           | $      | - |   |   | $ | 855,000 |   |   | $ | 2,327,419 |   |

----

| March 31,                                                              |   | 2011     |    |   | 2010   |   |
|------------------------------------------------------------------------|--------|----------|---------|--------|--------|--------|
|                                                                   |   | Carrying |    |   | Fair   |   |   | Carrying |   |   | Fair |   |
| (In Thousands)                                                         |   | Amount   |    |   | Value  |   |   | Amount |   |   | Value |   |
|                                                                   |   |     |    |   |   |   |   |   |   |   |   |   |
| Financial assets                                                       |   |     |    |   |   |   |   |   |   |   |   |   |
|     Cash and cash equivalents                      |   | $        | 7,898   |   |   | $      | 7,898 |   |   | $ | 5,375 |   |   | $ | 5,375 |   |
|     Securities                                     |   |     | 2,237   |   |   |   | 2,203 |   |   |   | 1,771 |   |   |   | 1,772 |   |
|     Federal Home Loan Bank stock, restricted       |   |     | 5,561   |   |   |   | 5,561 |   |   |   | 6,184 |   |   |   | 6,184 |   |
|     Loans, net                                     |   |     | 478,293 |   |   |   | 490,657 |   |   |   | 502,126 |   |   |   | 514,522 |   |
|     Accrued interest receivable                    |   |     | 2,037   |   |   |   | 2,037 |   |   |   | 2,129 |   |   |   | 2,129 |   |
|                                                                   |   |
| Financial liabilities                                                  |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Deposits                                       |   | $        | 379,045 |   |   | $      | 382,055 |   |   | $ | 398,420 |   |   | $ | 403,330 |   |
|     Borrowings                                     |   |     | 97,000  |   |   |   | 96,998 |   |   |   | 96,250 |   |   |   | 96,550 |   |
|     Securities sold under agreements to repurchase |   |     | 1,445   |   |   |   | 1,445 |   |   |   | 846 |   |   |   | 846 |   |
|     Accrued interest payable                       |   |     | 50      |   |   |   | 50 |   |   |   | 148 |   |   |   | 148 |   |

----

----

|  Due in year ending March 31, |   |   |
|------------------------------------|--------|--------|
|                               |   |   |
| 2012                               |   | $      | 97,000,000 |   |

| Year Ended March 31,                       |   | 2011   |        |   | 2010   |   |        | 2009   |   |
|--------------------------------------------|--------|--------|-------------|--------|--------|--------|-------------|--------|--------|
|                                       |   |   |        |   |   |   |        |   |   |
| Maximum amount outstanding during the year |   | $      | 108,000,000 |   |   | $      | 117,625,000 |   |   | $ | 113,000,000 |   |
|                                       |   |   |        |   |   |   |        |   |   |   |   |   |
| Average amount outstanding during the year |   | $      | 96,402,388  |   |   | $      | 100,477,527 |   |   | $ | 96,204,110 |   |
|                                       |   |   |        |   |   |   |        |   |   |   |   |   |
| Average interest rate during the year      |   |   | 0.71        | %      |   |   | 0.92        | %      |   |   | 2.02 | % |

----

| Year Ended March 31,                           |   | 2011   |      |   | 2010   |   |      | 2009   |   |
|------------------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|
|                                           |   |   |      |   |   |   |      |   |   |
| Balance at end of year                         |   | $      | 1,444,961 |   |   | $      | 845,503   |   |   | $ | 1,475,594 |   |
|                                           |   |   |      |   |   |   |      |   |   |   |   |   |
| Weighted average interest rate during the year |   |   | 0.91      | %      |   |   | 1.01      | %      |   |   | 1.00 | % |
|                                           |   |   |      |   |   |   |      |   |   |   |   |   |
| Average amount outstanding during the year     |   | $      | 1,339,032 |   |   | $      | 1,080,290 |   |   | $ | 2,089,259 |   |
|                                           |   |   |      |   |   |   |      |   |   |   |   |   |
| Maximum amount outstanding at any month end    |   |   |      |   |   |   |      |   |   |   |   |   |
| during the year                                |   | $      | 2,653,374 |   |   | $      | 1,694,704 |   |   | $ | 3,010,248 |   |

| March 31,                                     |   | 2011   |      |   | 2010   |   |      |
|-----------------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|
|                                          |   |   |      |   |   |   |      |
| Deferred tax assets                           |   |   |      |   |   |   |      |
|     Allowance for losses  |   | $      | 2,981,461 |   |   | $      | 3,060,093 |   |   |
|     Deferred compensation |   |   | 759,533   |   |   |   | 724,071   |   |   |
|     Securities impairment |   |   | 4,248     |   |   |   | 1,121,824 |   |   |
|     Pension               |   |   | 415,713   |   |   |   | 342,281   |   |   |
|     Real estate owned     |   |   | 1,886,110 |   |   |   | 512,662   |   |   |
|    Nonaccrual interest         |   |   | 124,586   |   |   |   | 303,303   |   |   |
|     Credit carryforward   |   |   | 458,881   |   |   |   | -         |   |   |
|                                          |   |   |      |   |   |   |      |   |   |
|                                          |   |   | 6,630,532 |   |   |   | 6,064,234 |   |   |
| Deferred tax liabilities                      |   |   |      |   |   |   |      |   |   |
|     Depreciable assets    |   |   | (173,320  | )      |   |   | (179,926  | ) |   |
| Net deferred tax asset                        |   | $      | 6,457,212 |   |   | $      | 5,884,308 |   |   |

----

| Year Ended March 31,             |   | 2011   |    |   | 2010   |   |      | 2009   |   |
|----------------------------------|--------|--------|---------|--------|--------|--------|-----------|--------|--------|
|                             |   |   |    |   |   |   |      |   |   |
|     Current  |   | $      | 369,905 |   |   | $      | (429,456  | )      |   | $ | 2,059,427 |   |
|     Deferred |   |   | 473,197 |   |   |   | 1,778,645 |   |   |   | (5,851,976 | ) |
|                             |   |   |    |   |   |   |      |   |   |   |   |   |
|                             |   | $      | 843,102 |   |   | $      | 1,349,189 |   |   | $ | (3,792,549 | ) |

| Year Ended March 31,                                                         |   | 2011   |   |   | 2010   |   |   | 2009   |   |
|------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                                         |   |   |   |   |   |   |   |   |   |
| Tax at statutory rate                                                        |   |   | 34.0   | %      |   |   | 34.0   | %      |   |   | 34.0 | % |
| Increases (decreases) in taxes resulting from:                               |   |   |   |   |   |   |   |   |   |   |   |   |
|     State income taxes, net of federal benefit           |   |   | 4.1    |   |   |   | 3.7    |   |   |   | 4.2 |   |
|     Non-taxable interest and dividend received deduction |   |   | -      |   |   |   | -      |   |   |   | 0.5 |   |
|    Bank-owned life insurance                                  |   |   | (1.8   | )      |   |   | (1.8   | )      |   |   | 0.9 |   |
|    Rehabilitation tax credit                                  |   |   | -      |   |   |   | (9.8   | )      |   |   | - |   |
|     Other                                                |   |   | (0.7   | )      |   |   | 1.2    |   |   |   | (0.2 | ) |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                         |   |   | 35.6   | %      |   |   | 27.3   | %      |   |   | 39.4 | % |

----

| Year Ended March 31,                                                             |   | 2011   |      |   | 2010   |   |      | 2009   |   |
|----------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|
|                                                                             |   |   |      |   |   |   |      |   |   |
| Net income (loss)                                                                |   | $      | 1,522,254 |   |   | $      | 3,591,788 |   |   | $ | (5,823,284 | ) |
| Other comprehensive income (loss), net of tax:                                   |   |   |      |   |   |   |      |   |   |   |   |   |
|   Unrealized holding (loss) arising during the period                  |   |   | -         |   |   |   | -         |   |   |   | (2,180,606 | ) |
|   Pension liability adjustment                                         |   |   | (262,386  | )      |   |   | (472,138  | )      |   |   | (8,019 | ) |
| Income tax (expense) benefit related to items of other comprehensive income |   |   | 99,707    |   |   |   | 179,412   |   |   |   | (823,942 | ) |
| Total other comprehensive income (loss), net of tax                              |   |   | (162,679  | )      |   |   | (292,726  | )      |   |   | 1,348,645 |   |
|                                                                             |   |   |      |   |   |   |      |   |   |   |   |   |
| Total comprehensive income (loss)                                                |   | $      | 1,359,575 |   |   | $      | 3,299,062 |   |   | $ | (4,474,639 | ) |

| March 31,                                       |   | 2011   |       |   | 2010   |   |       |
|-------------------------------------------------|--------|--------|------------|--------|--------|--------|------------|
|                                            |   |   |       |   |   |   |       |
| Pension liability adjustment                    |   | $      | (1,338,123 | )      |   | $      | (1,075,737 | ) |   |
| Tax effect                                      |   |   | 508,487    |   |   |   | 408,780    |   |   |
|      Net-of-tax amount |   | $      | (829,636   | )      |   | $      | (666,957   | ) |   |

----

|                 |   | Well Capitalized |   |   | Well Capitalized |   |               |   |   |   |    |   |   |   |               |   |
|----------------------|--------|------------------|--------|--------|------------------|--------|--------------------|--------|--------|--------|---------|--------|--------|--------|--------------------|--------|
|                 |   | Amount           |   |   | Percent          |   |               | Actual |   |   | Actual  |   |   | Excess |               |   |
|  March 31, 2011 |   | Required         |   |   | Required         |   |               | Amount |   |   | Percent |   |   | Amount |               |   |
| (In Thousands)       |   |             |   |   |             |   |               |   |   |   |    |   |   |   |               |   |
|                 |   |             |   |   |             |   |               |   |   |   |    |   |   |   |               |   |
| Tangible Capital     |   | $                | 26,610 |   |             |   |    5.00% |   |   | $      | 49,592  |   |   |   |    9.32% |   |   | $ | 22,982 |   |   |
| Core Capital         |   |             | 31,932 |   |             |   | 6.00               |   |   |   | 49,592  |   |   |   | 9.32               |   |   |   | 17,660 |   |   |
| Risk-based Capital   |   |             | 44,933 |   |             |   | 10.00    |   |   |   | 55,209  |   |   |   | 12.29    |   |   |   | 10,276 |   |   |
|                 |
|                 |   | Well Capitalized |   |   | Well Capitalized |   |               |   |   |   |    |   |   |   |               |   |   |   |   |
|                 |   | Amount           |   |   | Percent          |   |               | Actual |   |   | Actual  |   |   | Excess |
|  March 31, 2010 |   | Required         |   |   | Required         |   |               | Amount |   |   | Percent |   |   | Amount |
|                 |   |             |   |   |             |   |               |   |   |   |    |   |   |   |               |   |   |   |   |   |   |
| Tangible Capital     |   | $                | 27,506 |   |             |   |    5.00% |   |   | $      | 48,965  |   |   |   |    8.90% |   |   | $ | 21,459 |   |   |
| Core Capital         |   |             | 33,007 |   |             |   | 6.00               |   |   |   | 48,965  |   |   |   | 8.90               |   |   |   | 15,958 |   |   |
| Risk-based Capital   |   |             | 47,241 |   |             |   | 10.00    |   |   |   | 53,129  |   |   |   | 11.25    |   |   |   | 5,888 |   |   |

----

| Year Ended March 31,                                     |   | 2011   |      |   | 2010   |   |      | 2009   |   |
|----------------------------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|
|                                                     |   |   |      |   |   |   |      |   |   |
| Basic earnings (loss) per common share                   |   |   |      |   |   |   |      |   |   |
|                                                     |   |   |      |   |   |   |      |   |   |
| Income (loss) available to common shareholders           |   | $      | 769,468   |   |   | $      | 2,839,002 |   |   | $ | (6,033,798 | ) |
|                                                     |   |   |      |   |   |   |      |   |   |   |   |   |
| Weighted average shares outstanding                      |   |   | 4,361,658 |   |   |   | 4,361,658 |   |   |   | 4,355,909 |   |
|                                                     |   |   |      |   |   |   |      |   |   |   |   |   |
| Basic earnings (loss) per common share                   |   | $      | 0.18      |   |   | $      | 0.65      |   |   | $ | (1.39 | ) |
|                                                     |   |   |      |   |   |   |      |   |   |   |   |   |
| Diluted earnings (loss) per common share                 |   |   |      |   |   |   |      |   |   |   |   |   |
|                                                     |   |   |      |   |   |   |      |   |   |   |   |   |
| Income (loss) available to common shareholders           |   | $      | 769,468   |   |   | $      | 2,839,002 |   |   | $ | (6,033,798 | ) |
|                                                     |   |   |      |   |   |   |      |   |   |   |   |   |
| Weighted average shares outstanding                      |   |   | 4,361,658 |   |   |   | 4,361,658 |   |   |   | 4,355,909 |   |
|                                                     |   |   |      |   |   |   |      |   |   |   |   |   |
|     Dilutive effect of stock options |   |   | 321       |   |   |   | 468       |   |   |   | - |   |
|                                                     |   |   |      |   |   |   |      |   |   |   |   |   |
| Total weighted average shares outstanding                |   |   | 4,361,979 |   |   |   | 4,362,126 |   |   | $ | 4,355,909 |   |
|                                                     |   |   |      |   |   |   |      |   |   |   |   |   |
| Diluted earnings (loss) per common share                 |   | $      | 0.18      |   |   | $      | 0.65      |   |   | $ | (1.39 | ) |

----

| March 31,                                                  |   | 2011   |       |   | 2010   |   |      | 2009   |   |
|------------------------------------------------------------|--------|--------|------------|--------|--------|--------|-----------|--------|--------|
|                                                       |   |   |       |   |   |   |      |   |   |
| Change in benefit obligation:                              |   |   |       |   |   |   |      |   |   |
|   Benefit obligation at beginning of year        |   | $      | 4,570,285  |   |   | $      | 3,683,909 |   |   | $ | 3,422,890 |   |
|   Service cost                                   |   |   | 338,646    |   |   |   | 306,260   |   |   |   | 412,726 |   |
|   Interest cost                                  |   |   | 274,515    |   |   |   | 238,195   |   |   |   | 262,757 |   |
|   Actuarial (gain) loss                          |   |   | (13,499    | )      |   |   | 423,500   |   |   |   | (81,231 | ) |
|   Benefits paid                                  |   |   | (88,027    | )      |   |   | (81,579   | )      |   |   | (333,233 | ) |
|   Prior service cost                             |   |   | 435,000    |   |   |   | -         |   |   |   | - |   |
|                                                       |   |   |       |   |   |   |      |   |   |   |   |   |
|   Benefit obligation at end of year              |   |   | 5,516,920  |   |   |   | 4,570,285 |   |   |   | 3,683,909 |   |
|                                                       |   |   |       |   |   |   |      |   |   |   |   |   |
| Change in plan assets:                                     |   |   |       |   |   |   |      |   |   |   |   |   |
|   Fair value of plan assets at beginning of year |   |   | 3,667,809  |   |   |   | 3,571,818 |   |   |   | 3,697,356 |   |
|   Actual return on plan assets                   |   |   | 386,420    |   |   |   | 177,750   |   |   |   | 207,695 |   |
|   Employer contribution                          |   |   | 450,000    |   |   |   | -         |   |   |   | - |   |
|   Benefits paid                                  |   |   | (88,027    | )      |   |   | (81,759   | )      |   |   | (333,233 | ) |
|                                                       |   |   |       |   |   |   |      |   |   |   |   |   |
|   Fair value of plan assets at end of year       |   |   | 4,416,202  |   |   |   | 3,667,809 |   |   |   | 3,571,818 |   |
|                                                       |   |   |       |   |   |   |      |   |   |   |   |   |
| Funded status                                              |   | $      | (1,100,538 | )      |   | $      | (902,296  | )      |   | $ | (112,091 | ) |

| Amounts recognized in the balance sheet: |   |   |      |   |   |   |    |   |   |
|------------------------------------------|--------|--------|-----------|--------|--------|--------|---------|--------|--------|
|   Other liabilities            |   | $      | 1,100,538 |   |   | $      | 902,296 |   |   | $ | 112,091 |   |

| Amounts recognized in accumulated other  comprehensive (loss): |   |   |       |   |   |   |       |   |   |
|--------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|------------|--------|--------|
|      Net (loss)                                 |   | $      | (1,338,123 | )      |   | $      | (1,075,737 | )      |   | $ | (603,599 | ) |

----

| Year Ended March 31,                                                                    |   | 2011   |         |   | 2010   |   |     | 2009   |   |
|-----------------------------------------------------------------------------------------|--------|--------|--------------|--------|--------|--------|----------|--------|--------|
|                                                                                    |   |   |         |   |   |   |     |   |   |
| Components of net periodic pension cost:                                                |   |   |         |   |   |   |     |   |   |
|                                                                                    |   |   |         |   |   |   |     |   |   |
|   Service cost                                                                |   | $      | 338,646      |   |   | $      | 306,260  |   |   | $ | 412,726 |   |
|   Interest cost                                                               |   |   | 274,515      |   |   |   | 238,195  |   |   |   | 262,757 |   |
|   Expected return on plan assets                                              |   |   | (283,918     | )      |   |   | (246,153 | )      |   |   | (320,873 | ) |
|   Recognized net actuarial loss  Amortization of prior service cost |   |   | 20,36336,250 |   |   |   | 19,765-  |   |   |   | 23,926- |   |
|   Net periodic benefit cost                                                   |   |   | 385,856      |   |   |   | 318,067  |   |   |   | 378,536 |   |
|                                                                                    |   |   |         |   |   |   |     |   |   |   |   |   |
| Other changes in plan assets and benefit obligations                                    |   |   |         |   |   |   |     |   |   |   |   |   |
|   recognized in other comprehensive income:                                   |   |   |         |   |   |   |     |   |   |   |   |   |
|     Net loss (gain)                                                 |   |   | (136,364     | )      |   |   | 472,138  |   |   |   | 8,019 |   |
|    Prior service cost                                                    |   |   | 398,750      |   |   |   | ---      |   |   |   | --- |   |
|     Deferred income tax (benefit)                                   |   |   | (99,707      | )      |   |   | (179,412 | )      |   |   | (3,048 | ) |
|     Total recognized in other comprehensive loss                    |   |   | 162,679      |   |   |   | 292,726  |   |   |   | 4,971 |   |
|                                                                                    |   |   |         |   |   |   |     |   |   |   |   |   |
|      Total recognized in net periodic benefit cost and         |   |   |         |   |   |   |     |   |   |   |   |   |
|          other comprehensive loss          |   | $      | 548,535      |   |   | $      | 610,793  |   |   | $ | 383,507 |   |
|                                                                                    |   |
| Year Ended March 31,                                                                    |   |   |         |   |   |   |     |   |   |   | 2009 |   |
|                                                                                    |   |
| Adjustment to retained earnings due to change                                           |   |
| in measurement date:                                                                    |   |
|     Service cost                                                    |   |   |         |   |   |   |     |   |   | $ | 87,669 |   |
|     Interest cost                                                   |   |   |         |   |   |   |     |   |   |   | 53,011 |   |
|     Expected return on plan assets                                  |   |   |         |   |   |   |     |   |   |   | (64,175 | ) |
|     Recognized net actuarial loss                                   |   |   |         |   |   |   |     |   |   |   | 4,888 |   |
|     Detailed income tax (benefit)                                   |   |   |         |   |   |   |     |   |   |   | (30,929 | ) |
|     Net periodic benefit cost                                       |   |   |         |   |   |   |     |   |   | $ | 50,464 |   |
|                                                                                    |   |   |         |   |   |   |     |   |   |   |   |   |

----

| Year Ended March 31,                         |   | 2011   |   |   | 2010   |   |   | 2009 |   |
|----------------------------------------------|--------|--------|--------|--------|--------|--------|--------|------|--------|
|                                         |   |
| Weighted average discount rate               |   |   | 5.75   | %      |   |   | 6.00   | %    |   |   | 6.50 | % |
|  Increase in future compensation levels |   |   | 4.00   | %      |   |   | 4.00   | %    |   |   | 4.00 | % |

| Year Ended March 31,                             |   | 2011   |   |   | 2010   |   |   | 2009   |   |
|--------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                             |   |   |   |   |   |   |   |   |   |
| Weighted average discount rate                   |   |   | 6.00   | %      |   |   | 6.50   | %      |   |   | 6.25 | % |
|                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Expected long-term rate of return on plan assets |   |   | 7.00   | %      |   |   | 7.00   | %      |   |   | 7.00 | % |
|                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Increase in future compensation levels           |   |   | 4.00   | %      |   |   | 4.00   | %      |   |   | 4.00 | % |

----

|                     |   | Fair Value Measurements at March 31, 2011 |      |
|--------------------------|--------|-------------------------------------------|-----------|
|                     |   |                                      |      |   | Quoted Prices in |   |   |   |   |   |   |   |
|                     |   |                                      |      |   | Active Markets |   |   | Significant |   |   | Significant |   |
|                     |   |                                      |      |   | for Identical |   |   | Observable |   |   | Unobservable |   |
| Asset Category           |   | Total                                     |      |   | Assets (Level 1) |   |   | Inputs (Level 2) |   |   | Inputs (Level 3) |   |
|                     |   |                                      |      |   |   |   |   |   |   |   |   |   |
| Cash and due from broker |   | $                                         | 4,192     |   |   | $ | 4,192 |   |   | $ | - |   |   | $ | - |   |
| Equities                 |   |                                      | 1,138,605 |   |   |   | 1,138,605 |   |   |   | - |   |   |   | - |   |
| Fixed income             |   |                                      | 3,273,405 |   |   |   | 3,272,405 |   |   |   | - |   |   |   | - |   |
|                     |   |                                      |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                    |   | $                                         | 4,416,202 |   |   | $ | 4,416,202 |   |   | $ | - |   |   | $ | - |   |

|                     |   | Fair Value Measurements at March 31, 2010 |      |
|--------------------------|--------|-------------------------------------------|-----------|
|                     |   |                                      |      |   | Quoted Prices in |   |   |   |   |   |   |   |
|                     |   |                                      |      |   | Active Markets |   |   | Significant |   |   | Significant |   |
|                     |   |                                      |      |   | for Identical |   |   | Observable |   |   | Unobservable |   |
| Asset Category           |   | Total                                     |      |   | Assets (Level 1) |   |   | Inputs (Level 2) |   |   | Inputs (Level 3) |   |
|                     |   |                                      |      |   |   |   |   |   |   |   |   |   |
| Cash and due from broker |   | $                                         | 91,459    |   |   | $ | 91,459 |   |   | $ | - |   |   | $ | - |   |
| Equities                 |   |                                      | 242,718   |   |   |   | 242,718 |   |   |   | - |   |   |   | - |   |
| Fixed income             |   |                                      | 2,817,639 |   |   |   | 2,817,639 |   |   |   | - |   |   |   | - |   |
| Other                    |   |                                      | 516,033   |   |   |   | 516,033 |   |   |   | - |   |   |   | - |   |
|                     |   |                                      |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                    |   | $                                         | 3,667,809 |   |   | $ | 3,667.809 |   |   | $ | - |   |   | $ | - |   |

----

| March 31,               |   | 2011   |   |   | 2010   |   |
|-------------------------|--------|--------|--------|--------|--------|--------|
|                    |   |   |   |   |   |   |
| Fixed income securities |   |   | 74     | %      |   |   | 80 | % |
| Equity securities       |   |   | 26     | %      |   |   | 7 | % |
| Cash                    |   |   | -      |   |   |   | 3 | % |
| Other                   |   |   | -      |   |   |   | 10 | % |
|                    |   |   | 100    | %      |   |   | 100 | % |

|                  |
|-----------------------|
| Year Ending March 31, |   |   |   |
|                  |   |   |   |
| 2012                  |   | $ | 113,351 |   |
| 2013                  |   |   | 137,766 |   |
| 2014                  |   |   | 197,501 |   |
| 2015                  |   |   | 237,028 |   |
| 2016                  |   |   | 252,442 |   |
| 2017-2021             |   |   | 1,570,197 |   |

----

----

| Year Ended March 31,                       |   | 2011   |                                                     |   |       |   |
|--------------------------------------------|--------|--------|----------------------------------------------------------|--------|------------|--------|
|                                       |   |   |                                                     |   | Weighted - |   |   |   |   |
|                                       |   |   |                                                     |   | Average    |   |   | Aggregate |   |
|                                       |   |   |                                                     |   | Exercise   |   |   | Intrinsic |   |
|                                       |   | Shares |                                                     |   | Price      |   |   | Value |   |
| Outstanding at                             |   |   |                                                     |   |       |   |   |   |   |
|    beginning of year        |   |   | 314,700                                                  |   |       |   | $8.66   |   |   |   |   |
|                                       |   |   |                                                     |   |       |   |   |   |   |   |   |
| Granted                                    |   |   |   20,000                                            |   |       |   | 3.13 |   |   |   |   |
| Forfeited                                  |   |   |   (78,800)                                          |   |       |   | 5.96 |   |   |   |   |
| Exercised                                  |   |   |           - |   |       |   |      - |   |   |   |   |
| Outstanding at                             |   |   |                                                     |   |       |   |   |   |   |   |   |
|    end of year              |   |   | 255,900                                                  |   |       |   | 9.06 |   |   |   | $200  |   |
|                                       |   |   |                                                     |   |       |   |   |   |   |   |   |   |
| Exercisable at end                         |   |   |                                                     |   |       |   |   |   |   |   |   |   |
|    of year                  |   |   | 255,900                                                  |   |       |   | 9.06 |   |   |   | $200 |   |
|                                       |   |   |                                                     |   |       |   |   |   |   |   |   |   |
| Weighted-average fair                      |   |   |                                                     |   |       |   |   |   |   |   |   |   |
|    value of options granted |   |   |                                                     |   |       |   | $1.05  |   |   |   |   |   |
|                                       |   |   |                                                     |   |       |   |   |   |   |   |   |   |

----

| Year Ended March 31                             |   | 2011     |   |
|-------------------------------------------------|--------|----------|--------|
|     Dividend yield          |   |     | 2.07   | % |
|     Expected life           |   | 10 years |
|     Expected volatility     |   |     | 30.83  | % |
|     Risk-free interest rate |   |     | 3.36   | % |

|                    |          |   | Options Outstanding and Exercisable |   |
|-------------------------|---------------|--------|-------------------------------------|--------|
|                    |          |   |                                |   |   | Weighted |   |   |   |   |
|                    |          |   |                                |   |   | Average |   |   | Weighted |   |
|                    |          |   |                                |   |   | Remaining |   |   | Average |   |
|                    |          |   |                                |   |   | Contractual |   |   | Exercise |   |
| Range of Exercise Price |          |   | Number                              |   |   | Life (in Years) |   |   | Price |   |
| $                       | 3.13 - $ 8.75 |   |                                |   | 67,500 |   |   |   | 5.64 |   |   |   | 5.88 |   |
| $                       | 9.40 - $ 9.40 |   |                                |   | 94,400 |   |   |   | 2.71 |   |   |   | 9.40 |   |
| $                       | 10.90-$11.22  |   |                                |   | 94,000 |   |   |   | 4.13 |   |   |   | 11.17   |   |

----

| Contract Amount                            |   |
|--------------------------------------------|--------|
| March 31,                                  |   | 2011 |   |   | 2010 |   |
| (In Thousands)                             |   |   |   |   |   |   |
|                                       |   |   |   |   |   |   |
| Commitments to grant loans                 |   | $ | 3,403 |   |   | $ | 5,192 |   |
| Unfunded commitments under lines of credit |   |   | 25,894 |   |   |   | 30,249 |   |
| Standby letters of credit                  |   |   | 2,988 |   |   |   | 1,783 |   |

----

| Year Ending March 31, |   | Amount |    |
|-----------------------|--------|--------|---------|
|                  |   |   |    |
| 2012                  |   | $      | 183,723 |   |
| 2013                  |   |   | 130,159 |   |
| 2014                  |   |   | 67,143  |   |
| 2015                  |   |   | 43,500  |   |
| 2016                  |   |   | 43,500  |   |
| Thereafter            |   |   | 152,250 |   |
|                  |   |   |    |   |
|                  |   | $      | 620,275 |   |

----

| Condensed Balance Sheets                                                                   |   |
|--------------------------------------------------------------------------------------------|--------|
|                                                                                       |   |
| March 31,                                                                                  |   | 2011 |   |   | 2010 |   |
|                                                                                       |   |   |   |   |   |   |
|         Assets                                     |   |   |   |   |   |   |
|                                                                                       |   |   |   |   |   |   |
| Investment in subsidiary                                                                   |   | $ | 48,761,945 |   |   | $ | 48,298,344 |   |
| Cash                                                                                       |   |   | 14,430 |   |   |   | 37,100 |   |
| Prepaid expenses and other assets                                                          |   |   | 985,805 |   |   |   | 931,983 |   |
|                                                                                       |   |   |   |   |   |   |   |   |
| Total assets                                                                               |   | $ | 49,762,180 |   |   | $ | 49,267,427 |   |
|                                                                                       |   |   |   |   |   |   |   |   |
|                                                                                       |   |   |   |   |   |   |   |   |
|         Liabilities and Stockholders’ Equity |   |   |   |   |   |   |   |   |
|                                                                                       |   |   |   |   |   |   |   |   |
| Liabilities                                                                                |   |   |   |   |   |   |   |   |
|    Borrowings                                                               |   | $ | - |   |   | $ | 250,000 |   |
|    Other liabilities                                                        |   |   | 1,786 |   |   |   | 5,552 |   |
|                                                                                       |   |   |   |   |   |   |   |   |
| Total liabilities                                                                          |   |   | 1,786 |   |   |   | 255,552 |   |
|                                                                                       |   |   |   |   |   |   |   |   |
| Stockholders’ Equity                                                                 |   |   |   |   |   |   |   |   |
|     Preferred stock                                                    |   |   | 12,643,000 |   |   |   | 12,643,000 |   |
|     Common stock                                                       |   |   | 43,617 |   |   |   | 43,617 |   |
|     Warrants                                                           |   |   | 603,153 |   |   |   | 603,153 |   |
|     Discount on preferred stock                                        |   |   | (327,701 | ) |   |   | (448,337 | ) |
|     Additional paid-in capital                                         |   |   | 5,599,052 |   |   |   | 5,577,958 |   |
|     Retained earnings                                                  |   |   | 32,028,909 |   |   |   | 31,259,441 |   |
|     Accumulated other comprehensive (loss), net                        |   |   | (829,636 | ) |   |   | (666,957 | ) |
|                                                                                       |   |   |   |   |   |   |   |   |
| Total stockholders’ equity                                                           |   |   | 49,760,394 |   |   |   | 49,011,875 |   |
|                                                                                       |   |   |   |   |   |   |   |   |
| Total liabilities and stockholders’ equity                                           |   | $ | 49,762,180 |   |   | $ | 49,267,427 |   |

----

| Condensed Statements of Operations                            |   |
|---------------------------------------------------------------|--------|
|                                                          |   |
| Year Ended March 31,                                          |   | 2011 |   |   | 2010 |   |   | 2009 |   |
|                                                          |   |   |   |   |   |   |   |   |   |
| Income                                                        |   |   |   |   |   |   |   |   |   |
|     Dividend from subsidiary              |   | $ | 990,000 |   |   | $ | 1,500,000 |   |   | $ | - |   |
|     Interest income                       |   |   | 21,069 |   |   |   | 17,087 |   |   |   | 54,241 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Total income                                                  |   |   | 1,011,069 |   |   |   | 1,517,087 |   |   |   | 54,241 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense                                              |   |   | 861 |   |   |   | 25,944 |   |   |   | 59,889 |   |
| Noninterest expenses                                          |   |   | 171,763 |   |   |   | 156,733 |   |   |   | 199,151 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Total expenses                                                |   |   | 172,624 |   |   |   | 182,677 |   |   |   | 259,040 |   |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Income (loss) before equity in undistributed net              |   |   |   |   |   |   |   |   |   |   |   |   |
|     income of subsidiary                  |   |   | 838,445 |   |   |   | 1,334,410 |   |   |   | (204,799 | ) |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity in earnings (loss) of subsidiary, net of distributions |   |   | 626,279 |   |   |   | 2,194,520 |   |   |   | (5,693,635 | ) |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Income (loss) before income taxes                             |   |   | 1,464,724 |   |   |   | 3,528,930 |   |   |   | (5,898,434 | ) |
| Income tax (benefit)                                          |   |   | (57,530 | ) |   |   | (62,858 | ) |   |   | (75,150 | ) |
|                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss)                                             |   | $ | 1,522,254 |   |   | $ | 3,591,788 |   |   | $ | (5,823,284 | ) |

----

| Condensed Statements of Cash Flows                                                                            |   |
|---------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                          |   |
| Year Ended March 31,                                                                                          |   | 2011 |   |   | 2010 |   |   | 2009 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |
| Operating activities                                                                                          |   |   |   |   |   |   |   |   |   |
|     Net income (loss)                                                                     |   | $ | 1,522,254 |   |   | $ | 3,591,788 |   |   | $ | (5,823,284 | ) |
|     Adjustments                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|         Equity in (earnings) loss of subsidiary, net of distributions |   |   | (626,279 | ) |   |   | (2,194,520 | ) |   |   | 5,693,635 |   |
|       (Increase) in prepaid and other assets                                    |   |   | (53,822 | ) |   |   | (67,608 | ) |   |   | (74,316 | ) |
|       Stock-based compensation expense                                          |   |   | 21,094 |   |   |   | 8,400 |   |   |   | 6,826 |   |
|       Increase (decrease) in other liabilities                                  |   |   | (3,767 | ) |   |   | 3,917 |   |   |   | 1,635 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Net cash provided by (used in) operating activities                                                           |   |   | 859,480 |   |   |   | 1,341,977 |   |   |   | (195,504 | ) |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Investing activities                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
|     Capital to subsidiary                                                                 |   |   | - |   |   |   | - |   |   |   | (13,643,000 | ) |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Net cash (used in) investing activities                                                                       |   |   | - |   |   |   | - |   |   |   | (13,643,000 | ) |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Financing activities                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
|     Cash dividends paid on common stock                                                   |   |   | - |   |   |   | - |   |   |   | (565,814 | ) |
|     Cash dividends paid on preferred stock                                                |   |   | (632,150 | ) |   |   | (632,150 | ) |   |   | (98,334 | ) |
|     Proceeds from issuance of common stock                                                |   |   | - |   |   |   | - |   |   |   | 171,285 |   |
|     Proceeds from issuance of preferred stock                                             |   |   | - |   |   |   | - |   |   |   | 12,643,000 |   |
|     Proceeds from borrowed money                                                          |   |   | - |   |   |   | - |   |   |   | 4,000,000 |   |
|     Repayment of borrowed money                                                           |   |   | (250,000 | ) |   |   | (750,000 | ) |   |   | (3,000,000 | ) |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Net cash provided by (used in) financing activities                                                           |   |   | (882,150 | ) |   |   | (1,382,150 | ) |   |   | 13,150,137 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
|  (Decrease) in cash                                                                                      |   |   | (22,670 | ) |   |   | (40,173 | ) |   |   | (688,367 | ) |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash, beginning of year                                                                                       |   |   | 37,100 |   |   |   | 77,273 |   |   |   | 765,640 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash, end of year                                                                                             |   | $ | 14,430 |   |   | $ | 37,100 |   |   | $ | 77,273 |   |

| Plan Category                                            |   | Number of securitiesto be issued uponexercise of out-standing options,warrants and rights |    |   | Weighted-averageexercise price ofoutstanding options,warrants and rights |   |   | Number of securitiesremaining availablefor future issuanceunder equitycompensation plans(excluding securitiesreflected in column) |   |
|----------------------------------------------------------|--------|-------------------------------------------------------------------------------------------|---------|--------|--------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                     |   |                                                                                      |    |   |                                                                     |   |   |                                                                                                                              |   |
| Equity compensationplans approved bysecurity holders     |   |                                                                                      | 255,900 |   |                                                                     | $      | 9.06   |                                                                                                                              |   |   | 17,100 |   |
|                                                     |   |                                                                                      |    |   |                                                                     |   |   |                                                                                                                              |   |   |   |   |
| Equity compensationplans not approvedby security holders |   |                                                                                      | 0       |   |                                                                     |   | 0      |                                                                                                                              |   |   | 0 |   |
|                                                     |   |                                                                                      |    |   |                                                                     |   |   |                                                                                                                              |   |   |   |   |
| Total                                                    |   |                                                                                      | 255,900 |   |                                                                     | $      | 9.06   |                                                                                                                              |   |   | 17,100 |   |

|                                             | COMMUNITY FINANCIAL CORPORATION  |
|--------------------------------------------------|---------------------------------------|
| Date:     June 24, 2011 | By:                                   | /s/ Norman C. Smiley, III |
|                                             |                                  | Norman C. Smiley, III(Duly Authorized Representative) |

| By:       | /s/Norman C. Smiley, III                                                                                                       | By:       | /s/ James R. Cooke, Jr.                              |
|-----------|--------------------------------------------------------------------------------------------------------------------------------|-----------|------------------------------------------------------|
|      | Norman C. Smiley, IIIDirector, President and ChiefExecutive Officer     (Principal Executive Officer) |      | James R. Cooke, Jr.Chairman of the Boardand Director |
|      |                                                                                                                           |      |                                                 |
| Date:     | June 24, 2011                                                                                                                  | Date:     | June 24, 2011                                        |
|      |                                                                                                                           |      |                                                 |
|  By: |  /s/ P. Douglas Richard                                                                                                   |  By: |  /s/ Charles F. Andersen                        |
|      | P. Douglas RichardVice Chairman of the Boardand Director                                                                       |      | Charles F. AndersenDirector                          |
|      |                                                                                                                           |      |                                                 |
| Date:     | June 24, 2011                                                                                                                  | Date:     | June 24, 2011                                        |
|      |                                                                                                                           |      |                                                 |
|  By: |  /s/ Dale C. Smith                                                                                                        |  By: |  /s/ Morgan N. Trimyer, Jr.                     |
|      | Dale C. SmithDirector                                                                                                     |      | Morgan N. Trimyer, Jr.Director                  |
| Date:     | June 24, 2011                                                                                                                  | Date:     | June 24, 2011                                        |
|      |                                                                                                                           |      |                                                 |
|  By: |  /s/ R. Jerry Giles                                                                                                       |  By: |  /s/ Charles W. Fairchilds                      |
|      | R. Jerry GilesChief Financial Officer   (Principal Financial and     Accounting Officer)    |      | Charles W. FairchildsDirector                        |
|      |                                                                                                                           |      |                                                 |
| Date:     | June 24, 2011                                                                                                                  | Date:     | June 24, 2011                                        |
|      |                                                                                                                           |      |                                                 |

| RegulationS-K ExhibitNumber |   | Document                                                                                                                                                                                                                                                                                                       |
|-----------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1                         |   | Amended and Restated Articles of Incorporation, filed on July 5, 1996 as an exhibit to the Registrant’s Definitive Proxy Statement on Schedule 14A (SEC File No. 000-18265), are incorporated herein by reference.                                                                                  |
| 3.2                         |   | Certificate of Amendment and Articles of Amendment for the Series A Preferred Stock, filed on December 22, 2008, as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K (SEC File No. 000-18265), is incorporated herein by reference.                                                       |
| 3.3                         |   | Bylaws, as amended and restated and currently in effect, filed on December 20, 2007 as Exhibit 3.2 to the Registrant’s Current Report on Form 8-K (SEC File No. 000-18265), is incorporated herein by reference.                                                                                    |
| 4.1                         |   | Registrant’s Specimen Common Stock Certificate, filed on June 29, 1999 as Exhibit 4 to the Annual Report on Form 10-KSB (SEC File No. 000-18265) for the fiscal year ended March 31, 1999, is incorporated herein by reference.                                                                     |
| 4.2                         |   | Registrant’s Form of Certificate for the Series A Preferred Stock, filed on December 22, 2008, as Exhibit 4.1 to the Registrant’s Current Report on Form 8-K (SEC File No. 000-18265), is incorporated herein by reference.                                                                   |
| 4.3                         |   | Registrant’s Form of Warrant for Purchase of Shares of Common Stock, filed on December 22, 2008, as Exhibit 4.2 to the Registrant’s Current Report on Form 8-K (SEC File No. 000-18265), is incorporated herein by reference.                                                                 |
| 10.1                        |   | Registrant’s 1996 Incentive Plan, filed on July 5, 1996 as an exhibit to the Registrant’s Definitive Proxy Statement on Schedule 14A (SEC File No. 000-18265), is incorporated herein by reference.                                                                                           |
| 10.2                        |   | Form of Change in Control Agreement by and between Community Bank and each of R. Jerry Giles and Benny N. Werner, filed on May 5, 2006 as Exhibit 99.5 to the Registrant’s Current Report on Form 8-K (SEC File No. 000-18265), is incorporated herein by reference.                                |
| 10.3                        |   | Retirement Agreements by and between Community Bank and Non-Employee Directors filed on June 29, 2004 as an exhibit to the Registrant’s Annual Report on Form 10-KSB (SEC File No. 000-18265) for the fiscal year ended March 31, 2004, and incorporated here by reference.                         |
| 10.4                        |   | Form of First Amendment to the Retirement Agreements by and between Community Bank and Non-Employee Directors, filed on June 29, 2005 as an exhibit to the Registrant’s Annual Report on Form 10-K (SEC File No. 000-18265) for the fiscal year ended March 31, 2005, is incorporated here by reference. |

| 10.5  |   | Salary Continuance Agreements by and between Community Bank and Officers Giles, Smiley and Werner filed on June 29, 2004 as an exhibit to the Registrant’s Annual Report on Form 10-KSB (SEC File No. 000-18265) for the fiscal year ended March 31, 2004, and incorporated here by reference.                                                                                                                                              |
|-------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.6  |   | Form of Director Deferred Fee Agreement, as amended, filed on June 29, 2005 as an exhibit to the Registrant’s Annual Report on Form 10-K (SEC File No. 000-18265) for the fiscal year ended March 31, 2005, is incorporated here by reference.                                                                                                                                                                                              |
| 10.7  |   | Registrant’s 2003 Stock Option and Incentive Plan, filed on June 26, 2003 as an exhibit to the Registrant’s Definitive Proxy Statement on Schedule 14A (SEC File No. 000-18265), is incorporated herein by reference.                                                                                                                                                                                                                 |
| 10.8  |   | Form of Incentive Stock Option Agreement and Non-Qualified Stock Option Agreement for Registrant’s 2003 Stock Option and Incentive Plan, filed on August 12, 2005 as an exhibit to the Registrant’s Quarterly Report on Form 10-Q (SEC File No. 000-18265) for the quarter ended June 30, 2005, are incorporated herein by reference.                                                                                                 |
| 10.9  |   | Employment Agreement by and between Community Bank and Norman C. Smiley, III, filed on June 16, 2008 as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K (SEC File No. 000-18265), is incorporated herein by reference.                                                                                                                                                                                                          |
| 10.10 |   | Change in Control Agreement by and between Community Financial Corporation and Norman C. Smiley, III, filed on June 16, 2008 as an exhibit to the Registrant’s Current Report on Form 8-K (SEC File No. 000-18265), is incorporated herein by reference.                                                                                                                                                                                    |
| 10.11 |   | Form of Change in Control Agreement by and between Community Financial Corporation and Lyle Moffett, filed on July 1, 2008 as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K (SEC File No. 000-18265), is incorporated herein by reference.                                                                                                                                                                                    |
| 10.12 |   | Form of Change in Control Agreement by and between Community Financial Corporation and John Howerton is filed with this Form 10-Q.                                                                                                                                                                                                                                                                                                                |
| 10.13 |   | Letter Agreement, including Schedule A, and Securities Purchase Agreement, dated December 19, 2008, between Community Financial Corporation and United States Department of the Treasury, with respect to the issuance and sale of the Series A Preferred Stock and the Warrant, filed on December 22, 2008, as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K (SEC File No. 000-18265), is incorporated herein by reference.  |
| 10.14 |   | Form of Compensation Modification Agreement and Waiver, executed by each of P. Douglas Richard, Norman C. Smiley, III and Chris P. Kyriakides, filed on December 22, 2008, as Exhibit 10.2 to the Registrant’s Current Report on Form 8-K (SEC File No. 000-18265), is incorporated herein by reference.                                                                                                                                    |
| 11    |   | Statement re computation of per share earnings (see Note 12 of the Notes to Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K).                                                                                                                                                                                                                                                                                  |

| 14   |   | Code of Ethics, filed on June 29, 2004 as an exhibit to the Registrant’s Annual Report on Form 10-KSB (SEC File No. 000-18265) for the fiscal year ended March 31, 2004, and incorporated here by reference.               |
|------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 21   |   | Subsidiaries of the Registrant, filed on June 29, 2005 as an exhibit to the Registrant’s Annual Report on Form 10-K (SEC File No. 000-18265) for the fiscal year ended March 31, 2005, is incorporated here by reference.  |
| 23   |   | Consent of Independent Auditors                                                                                                                                                                                                  |
| 31.1 |   | Rule 13(a)-14(a) Certification (Chief Executive Officer)                                                                                                                                                                         |
| 31.2 |   | Rule 13(a)-14(a) Certification (Chief Financial Officer)                                                                                                                                                                         |
| 32   |   | Section 1350 Certifications                                                                                                                                                                                                      |
| 99.1 |   | Certification of Principal Executive Officer Pursuant to 31 CFR §30.15                                                                                                                                                      |
| 99.2 |   | Certification of Principal Financial Officer Pursuant to 31 CFR §30.15                                                                                                                                                           |