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RIVERVIEW BANCORP, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data
3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
INTEREST INCOME:    
Interest and fees on loans receivable $ 10,280 $ 11,193
Interest on investment securities-taxable 45 55
Interest on investment securities-non taxable 12 15
Interest on mortgage-backed securities 16 26
Other interest and dividends 75 15
Total interest income 10,428 11,304
INTEREST EXPENSE:    
Interest on deposits 1,230 1,901
Interest on borrowings 368 385
Total interest expense 1,598 2,286
Net interest income 8,830 9,018
Less provision for loan losses 1,550 1,300
Net interest income after provision for loan losses 7,280 7,718
NON-INTEREST INCOME:    
Fees and service charges 1,042 1,099
Asset management fees 625 521
Gain on sale of loans held for sale, net 23 119
Bank owned life insurance income 151 150
Other 63 347
Total non-interest income 1,904 2,236
NON-INTEREST EXPENSE:    
Salaries and employee benefits 4,511 3,940
Occupancy and depreciation 1,163 1,141
Data processing 288 252
Amortization of core deposit intangible 22 26
Advertising and marketing expense 245 135
FDIC insurance premium 273 421
State and local taxes 179 171
Telecommunications 107 107
Professional fees 339 326
Real estate owned expenses 430 166
Other expense 600 580
Total non-interest expense 8,157 7,265
INCOME (LOSS) BEFORE INCOME TAXES 1,027 2,689
PROVISION (BENEFIT) FOR INCOME TAXES 313 924
NET INCOME (LOSS) $ 714 $ 1,765
Earnings Per Share    
Basic earnings $ 0.03 $ 0.16
Diluted earnings $ 0.03 $ 0.16
Weighted average number of shares outstanding:    
Basic 22,308,696 10,735,946
Diluted 22,309,353 10,735,946