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RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
INTEREST INCOME:        
Interest and fees on loans receivable $ 6,319 $ 7,838 $ 19,389 $ 25,351
Interest on investment securities-taxable 75 131 191 222
Interest on investment securities-non taxable   1   16
Interest on mortgage-backed securities 88 6 156 21
Other interest and dividends 191 160 532 417
Total interest and dividend income 6,673 8,136 20,268 26,027
INTEREST EXPENSE:        
Interest on deposits 496 595 1,537 2,117
Interest on borrowings 149 157 449 668
Total interest expense 645 752 1,986 2,785
Net interest income 6,028 7,384 18,282 23,242
Less provision for (recapture of) loan losses     (2,500) 4,500
Net interest income after provision for (recapture of) loan losses 6,028 7,384 20,782 18,742
NON-INTEREST INCOME:        
Fees and service charges 1,177 1,224 3,301 3,612
Asset management fees 605 517 1,936 1,625
Net gain on sale of loans held for sale 176 262 609 1,141
Bank owned life insurance income 136 146 419 443
Other non-interest income 290 (62) 252 20
Total non-interest income 2,384 2,087 6,517 6,841
NON-INTEREST EXPENSE:        
Salaries and employee benefits 3,959 3,872 11,696 11,274
Occupancy and depreciation 1,187 1,241 3,621 3,711
Data processing 523 435 1,641 1,041
Amortization of core deposit intangible 7 17 33 54
Advertising and marketing expense 170 193 578 681
FDIC insurance premium 400 433 1,228 1,114
State and local taxes 106 132 340 417
Telecommunications 78 73 227 310
Professional fees 342 447 995 1,149
Real estate owned expenses 298 1,069 2,402 2,899
Other non-interest expense 541 522 1,740 1,872
Total non-interest expense 7,611 8,434 24,501 24,522
Income (loss) before income taxes 801 1,037 2,798 1,061
Provision (Benefit) for income taxes   6 16 23
Net Income (Loss) $ 801 $ 1,031 $ 2,782 $ 1,038
Earnings (loss) per common share:        
Basic earnings $ 0.04 $ 0.05 $ 0.12 $ 0.05
Diluted earnings $ 0.04 $ 0.05 $ 0.12 $ 0.05
Weighted average number of shares outstanding:        
Weighted average number of shares outstanding, Basic 22,370,277 22,345,644 22,364,142 22,339,509
Weighted average number of shares outstanding, Diluted 22,371,914 22,345,644 22,365,224 22,309,509