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RIVERVIEW BANCORP, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended6 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
INTEREST INCOME:    
Interest and fees on loans receivable$ 9,815$ 10,672$ 20,095$ 21,865
Interest on investment securities-taxable36328187
Interest on investment securities-non taxable12142429
Interest on mortgage-backed securities13232949
Other interest and dividends894816463
Total interest income9,96510,78920,39322,093
INTEREST EXPENSE:    
Interest on deposits1,1581,7642,3883,665
Interest on borrowings372375740760
Total interest expense1,5302,1393,1284,425
Net interest income8,4358,65017,26517,668
Less provision for loan losses2,2001,6753,7502,975
Net interest income after provision for loan losses6,2356,97513,51514,693
NON-INTEREST INCOME:    
Fees and service charges1,0781,0772,1202,176
Asset management fees5704921,1951,013
Gain on sale of loans held for sale, net2112444243
Bank owned life insurance income153150304300
Other1020773554
Total non-interest income1,8322,0503,7364,286
NON-INTEREST EXPENSE:    
Salaries and employee benefits3,5144,0858,0258,025
Occupancy and depreciation1,1661,1482,3292,289
Data processing542248830500
Amortization of core deposit intangible20234249
Advertising and marketing expense283255528390
FDIC insurance premium286417559838
State and local taxes81147260318
Telecommunications108105215212
Professional fees298321637647
Real estate owned expenses7561201,186286
Other expense7915431,3911,123
Total non-interest expense7,8457,41216,00214,677
INCOME (LOSS) BEFORE INCOME TAXES2221,6131,2494,302
PROVISION (BENEFIT) FOR INCOME TAXES414963541,420
NET INCOME (LOSS)$ 181$ 1,117$ 895$ 2,882
Earnings Per Share    
Basic earnings$ 0.01$ 0.06$ 0.04$ 0.20
Diluted earnings$ 0.01$ 0.06$ 0.04$ 0.20
Weighted average number of shares outstanding:    
Basic22,314,85418,033,35422,311,79214,404,588
Diluted22,314,85418,033,35422,311,79214,404,588