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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
Jun. 30, 2014
Jun. 30, 2013
INTEREST INCOME:    
Interest and fees on loans receivable $ 6,171 $ 6,605
Interest on investment securities-taxable 84 39
Interest on mortgage-backed securities 480 16
Other interest and dividends 131 171
Total interest and dividend income 6,866 6,831
INTEREST EXPENSE:    
Interest on deposits 360 527
Interest on borrowings 147 150
Total interest expense 507 677
Net interest income 6,359 6,154
Less provision for (recapture of) loan losses (300) (2,500)
Net interest income after provision for (recapture of) loan losses 6,659 8,654
NON-INTEREST INCOME:    
Fees and service charges 1,070 1,030
Asset management fees 820 736
Net gain on sale of loans held for sale 126 317
Bank owned life insurance income 138 142
Other non-interest income 56 21
Total non-interest income 2,210 2,246
NON-INTEREST EXPENSE:    
Salaries and employee benefits 4,174 3,870
Occupancy and depreciation 1,087 1,244
Data processing 470 688
Amortization of core deposit intangible 6 17
Advertising and marketing expense 150 204
FDIC insurance premium 175 411
State and local taxes 137 126
Telecommunications 76 68
Professional fees 289 338
Real estate owned expenses 616 1,612
Other non-interest expense 555 665
Total non-interest expense 7,735 9,243
Income (loss) before income taxes 1,134 1,657
Provision (Benefit) for income taxes 394 17
Net Income (Loss) $ 740 $ 1,640
Earnings (loss) per common share:    
Basic earnings $ 0.03 $ 0.07
Diluted earnings $ 0.03 $ 0.07
Weighted average number of shares outstanding:    
Weighted average number of shares outstanding, Basic 22,382,595 22,357,962
Weighted average number of shares outstanding, Diluted 22,408,775 22,358,633