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RIVERVIEW BANCORP, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income (Loss) $ 2,633 $ (31,657) $ 4,315
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 1,877 2,013 1,927
Mortgage servicing rights valuation adjustment   (1) (1)
Provision for loan losses 900 29,350 5,075
Provision (benefit) for deferred income taxes   8,536 1,841
Noncash expense related to ESOP 42 62 64
Increase (decrease) in deferred loan origination fees, net of amortization (333) (76) 57
Origination of loans held for sale (29,121) (5,916) (12,166)
Proceeds from sales of loans held for sale 29,484 5,682 12,402
Stock based compensation expense 2 12 77
Writedown of real estate owned 4,974 4,238 924
Net loss (gain) on loans held for sale, sale of real estate owned, mortgage-backed securities, sale of investment securities and premises and equipment (1,056) 400 (775)
Income from bank owned life insurance (585) (601) (601)
Changes in assets and liabilities:      
Prepaid expenses and other assets 2,963 (627) 1,904
Accrued interest receivable 411 365 326
Accrued expenses & other liabilities (1,189) 222 2,763
Net cash provided by operating activities 11,002 12,002 18,132
CASH FLOWS FROM INVESTING ACTIVITIES:      
Loan repayments (originations), net 102,784 (26,482) 15,213
Proceeds from sale of loans held for investment 31,394    
Proceeds from call, maturity, or sale of investment securities available for sale 5,000 5,000 9,990
Principal repayments on investment securities available for sale 357 392 203
Purchase of investment securities available for sale (5,000) (5,000) (10,000)
Principal repayments on mortgage-backed securities available for sale 524 789 1,017
Principal repayments on mortgage-backed securities held to maturity 46 19 69
Principal repayments on investment securities held to maturity 493 13 11
Purchase of premises and equipment and capitalized software (2,141) (2,578) (1,310)
Purchase of certificates of deposit held for investment, net (3,162) (26,573) (14,900)
Proceeds from redemption of Federal Home Loan Bank stock 196    
Capital expenditures on real estate owned (72) (207) (49)
Proceeds from sale of real estate owned and premises and equipment 8,098 9,275 5,328
Net cash provided by (used in) investing activities 138,517 (45,352) 5,572
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net change in deposit accounts (80,649) 27,925 28,482
Proceeds from issuance of common stock, net     18,769
Proceeds from borrowings 9,000 5,000 124,450
Repayment of borrowings (9,000) (5,000) (157,450)
Principal payments under capital lease obligation (73) (54) (43)
Net increase (decrease) in advance payments by borrowers 225 120 253
Net cash provided by (used in) financing activities (80,497) 27,991 14,461
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 69,022 (5,359) 38,165
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 46,393 51,752 13,587
CASH AND CASH EQUIVALENTS, END OF PERIOD 115,415 46,393 51,752
Cash paid during the period for:      
Interest 2,689 4,400 6,688
Income taxes 4 830 387
NONCASH INVESTING AND FINANCING ACTIVITIES:      
Transfer of loans to real estate owned 14,075 6,843 22,772
Transfer of real estate owned to loans 3,859 1,859 2,724
Fair value adjustment to securities available for sale 239 372 (324)
Income tax effect related to fair value adjustment $ (81) $ (126) $ 109