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Condensed Financial Information of Parent Company Only Disclosure: Schedule of Quarterly Financial Information (Tables)
12 Months Ended
Mar. 31, 2014
Tables/Schedules  
Schedule of Quarterly Financial Information

 

Riverview Bancorp, Inc.

Selected Quarterly Financial Data (Unaudited):

 

(Dollars in thousands, except share data)

Three Months Ended

 

 

 

March 31

 

 

 

December 31

 

 

 

September 30

 

 

 

June 30

 

Fiscal 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

$

6,536

 

 

$

6,673

 

 

$

6,764

 

 

$

6,831

 

Interest expense

 

582

 

 

 

645

 

 

 

664

 

 

 

677

 

Net interest income

 

5,954

 

 

 

6,028

 

 

 

6,100

 

 

 

6,154

 

Provision for (recapture of) loan losses

 

(1,200

)

 

 

-

 

 

 

-

 

 

 

(2,500

)

Non-interest income

 

1,850

 

 

 

2,384

 

 

 

1,887

 

 

 

2,246

 

Non-interest expense

 

7,460

 

 

 

7,611

 

 

 

7,647

 

 

 

9,243

 

Income before income taxes

 

1,544

 

 

 

801

 

 

 

340

 

 

 

1,657

 

Provision (benefit) for income taxes

 

(15,097

)

 

 

-

 

 

 

(1

)

 

 

17

 

Net income

$

16,641

 

 

$

801

 

 

$

341

 

 

$

1,640

 

Basic earnings per share (1)

$

0.74

 

 

$

0.04

 

 

$

0.02

 

 

$

0.07

 

Diluted earnings per share (1)

$

0.74

 

 

$

0.04

 

 

$

0.02

 

 

$

0.07

 

 

(Dollars in thousands, except share data)

Three Months Ended

 

 

 

March 31

 

 

 

December 31

 

 

 

September 30

 

 

 

June 30

 

Fiscal 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

$

6,905

 

 

$

8,136

 

 

$

8,648

 

 

$

9,243

 

Interest expense

 

700

 

 

 

752

 

 

 

861

 

 

 

1,172

 

Net interest income

 

6,205

 

 

 

7,384

 

 

 

7,787

 

 

 

8,071

 

Provision for (recapture of) loan losses

 

(3,600

)

 

 

-

 

 

 

500

 

 

 

4,000

 

Non-interest income

 

2,032

 

 

 

2,087

 

 

 

2,314

 

 

 

2,440

 

Non-interest expense

 

10,236

 

 

 

8,434

 

 

 

7,812

 

 

 

8,276

 

Income (loss) before income taxes

 

1,601

 

 

 

1,037

 

 

 

1,789

 

 

 

(1,765

)

Provision for income taxes

 

6

 

 

 

6

 

 

 

2

 

 

 

15

 

Net income (loss)

$

1,595

 

 

$

1,031

 

 

$

1,787

 

 

$

(1,780

)

Basic earnings (loss) per share (1)

$

0.07

 

 

$

0.05

 

 

$

0.08

 

 

$

(0.08

)

Diluted earnings (loss) per share (1)

$

0.07

 

 

$

0.05

 

 

$

0.08

 

 

$

(0.08

)

(1)  Quarterly earnings per share may vary from annual earnings per share due to rounding.