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20. Riverview Bancorp, Inc. (Parent Company): Schedule of Parent Company Cash Flows Statement (Tables)
12 Months Ended
Mar. 31, 2013
Tables/Schedules  
Schedule of Parent Company Cash Flows Statement

 

RIVERVIEW BANCORP, INC. (PARENT COMPANY)

 

 

 

 

 

 

 

 

 

STATEMENTS OF CASH FLOWS

 

 

 

 

 

 

 

 

 

YEARS ENDED MARCH 31, 2013, 2012 AND 2011

 

 

 

 

 

 

 

 

 

(In thousands)

 

2013

 

 

2012

 

 

2011

 

CASH FLOWS FROM OPERATING ACTIVITIES:

 

 

 

 

 

 

 

 

 

Net income (loss)

$

2,633

 

$

(31,657)

 

$

4,315

 

Adjustments to reconcile net income (loss) cash provided by (used in) operating activities:

 

 

 

 

 

 

 

 

 

Equity in undistributed (earnings) loss of the Bank

 

(3,133)

 

 

27,909

 

 

(5,204)

 

Provision (benefit) for deferred income taxes

 

-

 

 

(15)

 

 

10

 

Writedown of real estate owned

 

-

 

 

1,997

 

 

-

 

Earned ESOP shares

 

42

 

 

62

 

 

64

 

    Stock based compensation

 

2

 

 

12

 

 

77

 

Changes in assets and liabilities

 

 

 

 

 

 

 

 

 

Other assets

 

577

 

 

114

 

 

(43)

 

Accrued expenses and other liabilities

 

695

 

 

1,382

 

 

1,209

 

Net cash provided by (used in) operating activities

 

816

 

 

(196)

 

 

428

 

CASH FLOWS FROM INVESTING ACTIVITIES:

 

 

 

 

 

 

 

 

 

  Purchase of real estate held for investment

 

-

 

 

-

 

 

(8,328)

 

  Proceeds from sale of real estate owned

 

-

 

 

1,041

 

 

-

 

  Additional investment in subsidiary

 

(2,700)

 

 

(2,000)

 

 

(7,000)

 

   Net cash used in investing activities

 

(2,700)

 

 

(959)

 

 

(15,328)

 

CASH FLOWS FROM FINANCING ACTIVITIES:

 

 

 

 

 

 

 

 

 

Proceeds from issuance of common stock, net

 

-

 

 

-

 

 

18,769

 

Net cash provided by financing activities

 

-

 

 

-

 

 

18,769

 

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

 

(1,884)

 

 

(1,155)

 

 

3,869

 

CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR

 

2,904

 

 

4,059

 

 

190

 

CASH AND CASH EQUIVALENTS, END OF YEAR

$

1,020

 

$

2,904

 

$

4,059

 

 

 

 

 

 

 

 

 

 

 

NONCASH INVESTING AND FINANCING ACTIVITIES:

 

 

 

 

 

 

 

 

 

Transfer of real estate owned

$

-

 

$

5,290

 

$

-