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RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2012
INTEREST INCOME:      
Interest and fees on loans receivable $ 25,423 $ 32,041 $ 38,894
Interest on investment securities-taxable 271 276 145
Interest on investment securities-non taxable   16 42
Interest on mortgage-backed securities 424 25 51
Other interest and dividends 686 574 400
Total interest and dividend income 26,804 32,932 39,532
INTEREST EXPENSE:      
Interest on deposits 1,973 2,667 4,357
Interest on borrowings 595 818 1,508
Total interest expense 2,568 3,485 5,865
Net interest income 24,236 29,447 33,667
Less provision for (recapture of) loan losses (3,700) 900 29,350
Net interest income after provision for (recapture of) loan losses 27,936 28,547 4,317
NON-INTEREST INCOME:      
Fees and service charges 4,258 4,695 3,996
Asset management fees 2,630 2,172 2,367
Net gain on sale of loans held for sale 667 1,386 160
Bank owned life insurance income 553 585 601
Other non-interest income 259 35 (297)
Total non-interest income 8,367 8,873 6,827
NON-INTEREST EXPENSE:      
Salaries and employee benefits 15,755 15,325 15,889
Occupancy and depreciation 4,811 4,970 4,793
Data processing 2,058 1,420 1,421
Amortization of core deposit intangible 40 71 82
Advertising and marketing expense 726 834 998
FDIC insurance premium 1,487 1,532 1,136
State and local taxes 462 547 549
Telecommunications 304 384 434
Professional fees 1,290 1,456 1,254
Real estate owned expenses 2,765 5,781 5,097
Other non-interest expense 2,263 2,438 2,770
Total non-interest expense 31,961 34,758 34,423
Income (loss) before income taxes 4,342 2,662 (23,279)
Provision (Benefit) for income taxes (15,081) 29 8,378
Net Income (Loss) $ 19,423 $ 2,633 $ (31,657) [1]
Earnings (loss) per common share:      
Basic earnings $ 0.87 $ 0.12 $ (1.42) [1]
Diluted earnings $ 0.87 $ 0.12 $ (1.42) [1]
Weighted average number of shares outstanding:      
Weighted average number of shares outstanding, Basic 22,367,174 22,342,541 22,317,933
Weighted average number of shares outstanding, Diluted 22,369,175 22,342,541 22,317,933
[1] For the year ended March 31, 2012 the Company recognized a net loss and therefore all outstanding stock options were excluded from the calculation of diluted earnings per share because they were antidilutive.