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RIVERVIEW BANCORP, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Jun. 30, 2012
Jun. 30, 2011
INTEREST INCOME:    
Interest and fees on loans receivable $ 9,045 $ 10,280
Interest on investment securities-taxable 53 45
Interest on investment securities-non taxable 8 12
Interest on mortgage-backed securities 8 16
Other interest and dividends 129 75
Total interest and dividend income 9,243 10,428
INTEREST EXPENSE:    
Interest on deposits 823 1,230
Interest on borrowings 349 368
Total interest expense 1,172 1,598
Net interest income 8,071 8,830
Less provision for loan losses 4,000 1,550
Net interest income after provision for loan losses 4,071 7,280
NON-INTEREST INCOME:    
Fees and service charges 1,057 1,042
Asset management fees 604 625
Net gain on sale of loans held for sale 727 23
Bank owned life insurance income 149 151
Other non-interest income (97) 63
Total non-interest income 2,440 1,904
NON-INTEREST EXPENSE:    
Salaries and employee benefits 3,793 4,511
Occupancy and depreciation 1,234 1,163
Data processing 314 288
Amortization of core deposit intangible 19 22
Advertising and marketing expense 219 245
FDIC insurance premium 287 273
State and local taxes 148 179
Telecommunications 121 107
Professional fees 421 339
Real estate owned expenses 939 430
Other non-interest expense 781 600
Total non-interest expense 8,276 8,157
Income (loss) before income taxes (1,765) 1,027
Provision (Benefit) for income taxes 15 313
Net income (loss) $ (1,780,000) $ 714,000
Earnings (loss) per common share:    
Basic earnings $ (0.08) $ 0.03
Diluted earnings $ (0.08) $ 0.03
Weighted average number of shares outstanding:    
Weighted average number of shares outstanding, Basic 22,333,329 22,308,696
Weighted average number of shares outstanding, Diluted 22,333,329 22,308,696