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RIVERVIEW BANCORP, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
INTEREST INCOME:        
Interest and fees on loans receivable $ 7,838 $ 9,669 $ 25,351 $ 29,764
Interest on investment securities-taxable 131 28 222 109
Interest on investment securities-non taxable 1 11 16 35
Interest on mortgage-backed securities 6 12 21 41
Other interest and dividends 160 109 417 273
Total interest and dividend income 8,136 9,829 26,027 30,222
INTEREST EXPENSE:        
Interest on deposits 595 1,061 2,117 3,449
Interest on borrowings 157 381 668 1,121
Total interest expense 752 1,442 2,785 4,570
Net interest income 7,384 8,387 23,242 25,652
Less provision for loan losses   8,100 4,500 11,850
Net interest income after provision for loan losses 7,384 287 18,742 13,802
NON-INTEREST INCOME:        
Fees and service charges 1,224 962 3,612 3,082
Asset management fees 517 568 1,625 1,763
Net gain on sale of loans held for sale 262 29 1,141 73
Bank owned life insurance income 146 151 443 455
Other non-interest income (62) (180) 20 (107)
Total non-interest income 2,087 1,530 6,841 5,266
NON-INTEREST EXPENSE:        
Salaries and employee benefits 3,872 4,014 11,274 12,039
Occupancy and depreciation 1,241 1,211 3,711 3,540
Data processing 435 306 1,041 1,136
Amortization of core deposit intangible 17 20 54 62
Advertising and marketing expense 193 286 681 814
FDIC insurance premium 433 289 1,114 848
State and local taxes 132 150 417 410
Telecommunications 73 109 310 324
Professional fees 447 334 1,149 971
Real estate owned expenses 1,069 2,781 2,899 3,967
Other non-interest expense 522 692 1,872 2,083
Total non-interest expense 8,434 10,192 24,522 26,194
Income (loss) before income taxes 1,037 (8,375) 1,061 (7,126)
Provision (Benefit) for income taxes 6 8,220 23 8,574
Net income (loss) $ 1,031 $ (16,595) $ 1,038 $ (15,700)