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RIVERVIEW BANCORP, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2011
INTEREST AND DIVIDEND INCOME:      
Interest and fees on loans receivable $ 32,041 $ 38,894 $ 42,697
Interest on investment securities-taxable 276 145 164
Interest on investment securities-non taxable 16 42 55
Interest on mortgage-backed securities 25 51 88
Other interest and dividends 574 400 210
Total interest and dividend income 32,932 39,532 43,214
INTEREST EXPENSE:      
Interest on deposits 2,667 4,357 6,569
Interest on borrowings 818 1,508 1,483
Total interest expense 3,485 5,865 8,052
Net interest income 29,447 33,667 35,162
Less provision for loan losses 900 29,350 5,075
Net interest income after provision for loan losses 28,547 4,317 30,087
NON-INTEREST INCOME:      
Fees and service charges 4,695 3,996 4,047
Asset management fees 2,172 2,367 2,079
Net gain on sale of loans held for sale 1,386 160 393
Bank owned life insurance 585 601 601
Other 35 (297) 769
Total non-interest income 8,873 6,827 7,889
NON-INTEREST EXPENSE:      
Salaries and employee benefits 15,325 15,889 16,716
Occupancy and depreciation 4,970 4,793 4,677
Data processing 1,420 1,421 1,067
Amortization of core deposit intangible 71 82 96
Advertising and marketing expense 834 998 749
FDIC insurance premium 1,532 1,136 1,640
State and local taxes 547 549 638
Telecommunications 384 434 428
Professional fees 1,456 1,254 1,310
Real estate owned expenses 5,781 5,097 1,817
Other expense 2,438 2,770 2,358
Total non-interest expense 34,758 34,423 31,496
Income (loss) before income taxes 2,662 (23,279) 6,480
Provision for income taxes 29 8,378 2,165
Net income (loss) $ 2,633 $ (31,657) $ 4,315
Earnings (loss) per common share:      
Basic earnings $ 0.12 $ (1.42) $ 0.24
Diluted earnings $ 0.12 $ (1.42) $ 0.24
Weighted average number of shares outstanding:      
Basic 22,342,541 22,317,933 18,341,191
Diluted 22,342,541 22,317,933 18,341,308