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RIVERVIEW BANCORP, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Jun. 30, 2013
Jun. 30, 2012
INTEREST AND DIVIDEND INCOME:    
Interest and fees on loans receivable $ 6,605 $ 9,045
Interest on investment securities-taxable 39 53
Interest on investment securities-non taxable   8
Interest on mortgage-backed securities 16 8
Other interest and dividends 171 129
Total interest and dividend income 6,831 9,243
INTEREST EXPENSE:    
Interest on deposits 527 823
Interest on borrowings 150 349
Total interest expense 677 1,172
Net interest income 6,154 8,071
Less provision (recapture) for loan losses (2,500) 4,000
Net interest income after provision (recapture) for loan losses 8,654 4,071
NON-INTEREST INCOME:    
Fees and service charges 1,030 1,057
Asset management fees 736 604
Net gain on sale of loans held for sale 317 727
Bank owned life insurance 142 149
Other 21 (97)
Total non-interest income 2,246 2,440
NON-INTEREST EXPENSE:    
Salaries and employee benefits 3,870 3,793
Occupancy and depreciation 1,244 1,234
Data processing 688 314
Amortization of core deposit intangible 17 19
Advertising and marketing expense 204 219
FDIC insurance premium 411 287
State and local taxes 126 148
Telecommunications 68 121
Professional fees 338 421
Real estate owned expenses 1,612 939
Other expense 665 781
Total non-interest expense 9,243 8,276
Income (loss) before income taxes 1,657 (1,765)
Provision for income taxes 17 15
Net income (loss) $ 1,640 $ (1,780)
Earnings (loss) per common share:    
Basic earnings $ 0.07 $ (0.08)
Diluted earnings $ 0.07 $ (0.08)
Weighted average number of shares outstanding:    
Basic 22,357,962 22,333,329
Diluted 22,358,633 22,333,329