XML 29 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
RIVERVIEW BANCORP, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2010
INTEREST INCOME:      
Interest and fees on loans receivable $ 38,894 $ 42,697 $ 45,675
Interest on investment securities-taxable 145 164 267
Interest on investment securities-non taxable 42 55 104
Interest on mortgage-backed securities 51 88 136
Other interest and dividends 400 210 80
Total interest and dividend income 39,532 43,214 46,262
INTEREST EXPENSE:      
Interest on deposits 4,357 6,569 9,635
Interest on borrowings 1,508 1,483 1,741
Total interest expense 5,865 8,052 11,376
Net interest income 33,667 35,162 34,886
Less provision for loan losses 29,350 5,075 15,900
Net interest income after provision for loan losses 4,317 30,087 18,986
NON-INTEREST INCOME:      
Fees and service charges 3,996 4,047 4,513
Asset management fees 2,367 2,079 1,885
Net gain on sale of loans held for sale 160 393 887
Impairment on investment security     (1,003)
Bank owned life insurance income 601 601 603
Other (297) 769 381
Total non-interest income 6,827 7,889 7,266
NON-INTEREST EXPENSE:      
Salaries and employee benefits 15,889 16,716 15,326
Occupancy and depreciation 4,793 4,677 4,814
Data processing 1,421 1,067 957
Amortization of core deposit intangible 82 96 111
Advertising and marketing expense 998 749 627
FDIC insurance premium 1,136 1,640 1,912
State and local taxes 549 638 732
Telecommunications 434 428 440
Professional fees 1,254 1,310 1,317
Real estate owned expenses 5,097 1,817 6,421
Other expense 2,770 2,358 2,316
Total non-interest expense 34,423 31,496 34,973
Income (loss) before income taxes (23,279) 6,480 (8,721)
Provision (Benefit) for income taxes 8,378 2,165 (3,277)
Net income (loss) $ (31,657) $ 4,315 $ (5,444)
Earnings (loss) per common share:      
Basic earnings $ (1.42) $ 0.24 $ (0.51)
Diluted earnings $ (1.42) $ 0.24 $ (0.51)
Weighted average number of shares outstanding:      
Basic 22,317,933 18,341,191 10,720,525
Diluted 22,317,933 18,341,308 10,720,525