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RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ 1,824 $ 1,981
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 1,407 842
Provision for (recapture of) loan losses (650) (2,500)
Provision for deferred income taxes 908  
Noncash expense related to ESOP 47 32
Increase (decrease) in deferred loan origination fees, net of amortization 1 23
Origination of loans held for sale (7,912) (17,123)
Proceeds from sales of loans held for sale 8,775 16,719
Stock based compensation expense (27) (26)
Writedown of real estate owned 640 1,669
Net (gain) loss on loans held for sale, sale of real estate owned, mortgage-backed securities, investment securities and premises and equipment (237) (290)
Income from bank owned life insurance (332) (283)
Changes in assets and liabilities:    
Prepaid expenses and other assets (98) 459
Accrued interest receivable (211) 88
Accrued expenses & other liabilities 2,049 984
Net cash provided by (used in) operating activities 6,238 2,627
CASH FLOWS FROM INVESTING ACTIVITIES:    
Loan repayments, net (10,963) 9,685
Purchase of loans receivable (8,726) 0
Proceeds from call, maturity, or sale of investment securities available for sale 6,000 0
Principal repayments on investment securities available for sale 0 734
Principal repayments on mortgage-backed securities available for sale 7,994 473
Principal repayments on mortgage-backed securities held to maturity 11 17
Purchase of investment securities available for sale (2,000) (15,438)
Purchase of mortgage-backed securities available for sale (50,199) (18,011)
Redemption (purchase) of certificates of deposit held for investment 3,984 6,715
Proceeds from redemption of Federal Home Loan Bank stock 420 131
Purchase of Bank owned life insurance (6,500) 0
Purchase of premises and equipment and capitalized software (282) (538)
Proceeds from sale of real estate owned and premises and equipment 3,730 4,105
Net cash provided by (used in) investing activities (56,531) (12,127)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposit accounts 12,569 9,000
Proceeds from borrowings 3,000 2,000
Repayment of borrowings (3,000) (2,000)
Principal payments under capital lease obligation (42) (39)
Net increase (decrease) in advance payments by borrowers 177 (539)
Net cash provided by (used in) financing activities 12,704 8,422
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (37,589) (1,078)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 68,577 115,415
CASH AND CASH EQUIVALENTS, END OF PERIOD 30,988 114,337
Cash paid during the period for:    
Interest 721 1,038
Income taxes 15 13
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Transfer of loans to real estate owned 804 3,930
Transfer of real estate owned to loans 406 196
Fair value adjustment to securities available for sale 659 738
Income tax effect related to fair value adjustment $ (224) $ (251)