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RIVERVIEW BANCORP, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CASHFLOWS (Unaudited) (USD $)
In Thousands
6 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net income (loss)$ 895$ 2,882
Adjustments to reconcile net income to cash provided by operating activities:  
Depreciation and amortization966681
Provision for loan losses3,7502,975
Noncash expense related to ESOP3430
Increase (decrease) in deferred loan origination fees, net of amortization(48)(261)
Origination of loans held for sale(1,529)(7,232)
Proceeds from sales of loans held for sale1,4557,168
Stock based compensation expense567
Writedown of real estate owned78546
Net gain on loans held for sale, sale of real estate owned, mortgage-backed securities, investment securities and premises and equipment18(553)
Bank owned life insurance income(304)(300)
Changes in assets and liabilities:  
Prepaid expenses and other assets(234)1,611
Accrued interest receivable121205
Accrued expenses & other liabilities1802,197
Net cash provided by operating activities6,0949,516
CASH FLOWS FROM INVESTING ACTIVITIES:  
Loan repayments (originations), net(13,118)21,164
Proceeds from call, maturity, or sale of investment securities available for sale 4,990
Principal repayments on investment securities available for sale2126
Principal repayments on investment securities held to maturity75
Purchase of investment securities available for sale (5,000)
Principal repayments on mortgage-backed securities available for sale436527
Principal repayments on mortgage-backed securities held to maturity960
Purchase of premises and equipment and capitalized software(8,947)(14,951)
Purchase of certificates held at other banks(1,297)(277)
Capitalized improvements related to real estate owned(207)(29)
Proceeds from sale of real estate owned and premises and equipment2,5752,980
Net cash provided (used) by investing activities(20,521)9,495
CASH FLOWS FROM FINANCING ACTIVITIES:  
Net change in deposit accounts12,72929,980
Proceeds from issuance of common stock, net 18,868
Proceeds from borrowings3,000121,200
Repayment of borrowings(3,000)(154,200)
Principal payments under capital lease obligation(23)(21)
Net increase (decrease) in advance payments by borrowers11780
Net cash provided (used) by financing activities12,82315,907
NET INCREASE (DECREASE) IN CASH(1,604)34,918
CASH, BEGINNING OF PERIOD51,75213,587
CASH, END OF PERIOD50,148[1]48,505
Cash paid during the period for:  
Interest2,3973,745
Income taxes8305
NONCASH INVESTING AND FINANCING ACTIVITIES:  
Transfer of loans to real estate owned, net1,2029,128
Fair value adjustment to securities available for sale409(94)
Income tax effect related to fair value adjustment$ (138)$ 32
[1]Cash includes interest-earning accounts of $32,955 and $37,349, respectively.