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Condensed Financial Information of Parent Company Only Disclosure: Condensed Cash Flow Statement (Tables)
12 Months Ended
Mar. 31, 2015
Tables/Schedules  
Condensed Cash Flow Statement

 

RIVERVIEW BANCORP, INC. (PARENT COMPANY)

 

STATEMENTS OF CASH FLOWS

YEARS ENDED MARCH 31, 2015, 2014 AND 2013

 

(In thousands)

 

2015

 

 

2014

 

 

2013

 

CASH FLOWS FROM OPERATING ACTIVITIES:

 

 

 

 

 

 

 

 

 

Net income (loss)

$

4,491

 

$

19,423

 

$

2,633

 

Adjustments to reconcile net income (loss) cash provided by

(used in) operating activities:

 

 

 

 

 

 

 

 

 

Equity in undistributed (earnings) loss of the Bank

 

1,152

 

 

(18,605

)

 

(3,133

)

Benefit for deferred income taxes

 

(197

)

 

(1,364

)

 

-

 

Earned ESOP shares

 

102

 

 

68

 

 

42

 

    Stock based compensation

 

26

 

 

78

 

 

2

 

Changes in assets and liabilities

 

 

 

 

 

 

 

 

 

Other assets

 

110

 

 

131

 

 

577

 

Accrued expenses and other liabilities

 

(3,698

)

 

355

 

 

695

 

Net cash provided by (used in) operating activities

 

1,986

 

 

86

 

 

816

 

CASH FLOWS FROM INVESTING ACTIVITIES:

 

 

 

 

 

 

 

 

 

  Additional investment in subsidiary

 

-

 

 

-

 

 

(2,700

)

   Net cash used in investing activities

 

-

 

 

-

 

 

(2,700

)

CASH FLOWS FROM FINANCING ACTIVITIES:

 

 

 

 

 

 

 

 

 

Proceeds from exercise of stock options

 

48

 

 

-

 

 

-

 

   Net cash provided by financing activities

 

48

 

 

-

 

 

-

 

NET INCREASE (DECREASE) IN CASH

 

2,034

 

 

86

 

 

(1,884

)

CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR

 

1,106

 

 

1,020

 

 

2,904

 

CASH AND CASH EQUIVALENTS, END OF YEAR

$

3,140

 

$

1,106

 

$

1,020