XML 75 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
INTEREST INCOME:        
Interest and fees on loans receivable $ 6,486 $ 6,465 $ 12,657 $ 13,070
Interest on investment securities-taxable 98 77 182 116
Interest on mortgage-backed securities 508 52 988 68
Other interest and dividends 118 170 249 341
Total interest and dividend income 7,210 6,764 14,076 13,595
INTEREST EXPENSE:        
Interest on deposits 342 514 702 1,041
Interest on borrowings 148 150 295 300
Total interest expense 490 664 997 1,341
Net interest income 6,720 6,100 13,079 12,254
Less provision for (recapture of) loan losses (350)   (650) (2,500)
Net interest income after provision for (recapture of) loan losses 7,070 6,100 13,729 14,754
NON-INTEREST INCOME:        
Fees and service charges 1,158 1,094 2,228 2,124
Asset management fees 710 595 1,530 1,331
Net gain on sale of loans held for sale 155 116 281 433
Bank owned life insurance income 194 141 332 283
Other non-interest income 6 (59) 62 (38)
Total non-interest income 2,223 1,887 4,433 4,133
NON-INTEREST EXPENSE:        
Salaries and employee benefits 4,341 3,867 8,515 7,737
Occupancy and depreciation 1,322 1,190 2,409 2,434
Data processing 434 430 904 1,118
Amortization of core deposit intangible 6 9 12 26
Advertising and marketing expense 203 204 353 408
FDIC insurance premium 180 417 355 828
State and local taxes 117 108 254 234
Telecommunications 74 81 150 149
Professional fees 257 315 546 653
Real estate owned expenses 186 492 802 2,104
Other non-interest expense 554 534 1,109 1,199
Total non-interest expense 7,674 7,647 15,409 16,890
Income (loss) before income taxes 1,619 340 2,753 1,997
Provision (Benefit) for income taxes 535 (1) 929 16
Net Income (Loss) $ 1,084 $ 341 $ 1,824 $ 1,981
Earnings (loss) per common share:        
Basic earnings $ 0.05 $ 0.02 $ 0.08 $ 0.09
Diluted earnings $ 0.05 $ 0.02 $ 0.08 $ 0.09
Weighted average number of shares outstanding:        
Weighted average number of shares outstanding, Basic 22,388,753 22,364,120 22,385,691 22,361,058
Weighted average number of shares outstanding, Diluted 22,419,469 22,365,460 22,414,212 22,361,941