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RIVERVIEW BANCORP, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CASHFLOWS (USD $)
In Thousands
3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 714 $ 1,765
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 456 345
Provision for loan losses 1,550 1,300
Noncash expense related to ESOP 18 19
Increase (decrease) in deferred loan origination fees, net of amortization (12) (189)
Origination of loans held for sale (818) (3,969)
Proceeds from sales of loans held for sale 808 3,602
Stock based compensation expense 3 39
Writedown of real estate owned 211 74
Net gain on loans held for sale, sale of real estate owned, mortgage-backed securities, investment securities and premises and equipment (16) (261)
Bank owned life insurance income (151) (150)
Changes in assets and liabilities:    
Prepaid expenses and other assets (138) 480
Accrued interest receivable 29 196
Accrued expenses & other liabilities (518) 1,450
Net cash provided by operating activities 2,136 4,701
CASH FLOWS FROM INVESTING ACTIVITIES:    
Loan repayments (originations), net (6,789) 10,988
Proceeds from call, maturity, or sale of investment securities available for sale   4,990
Principal repayments on investment securities available for sale 21 27
Principal repayments on investment securities held to maturity 7 6
Purchase of investment securities available for sale   (5,000)
Principal repayments on mortgage-backed securities available for sale 235 274
Principal repayments on mortgage-backed securities held to maturity 5 56
Purchase of premises and equipment and capitalized software (148) (147)
Purchase of certificates held at other banks (3,975)  
Capitalized improvements related to real estate owned (207) (5)
Proceeds from sale of real estate owned and premises and equipment 929 1,486
Net cash provided (used) by investing activities (9,922) 12,675
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in deposit accounts 26,329 27,525
Proceeds from borrowings   78,800
Repayment of borrowings   (83,800)
Principal payments under capital lease obligation (11) (11)
Net increase (decrease) in advance payments by borrowers (274) (233)
Net cash provided (used) by financing activities 26,044 22,281
NET INCREASE (DECREASE) IN CASH 18,258 39,657
CASH, BEGINNING OF PERIOD 51,752 13,587
CASH, END OF PERIOD 70,010 53,244
Cash paid during the period for:    
Interest 1,226 1,939
Income taxes   4
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Transfer of loans to real estate owned, net 561 2,996
Fair value adjustment to securities available for sale 210 (59)
Income tax effect related to fair value adjustment $ (71) $ 20