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RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
INTEREST AND DIVIDEND INCOME:    
Interest and fees on loans receivable $ 6,860 $ 6,171
Interest on investment securities-taxable 64 84
Interest on mortgage-backed securities 518 480
Other interest and dividends 119 131
Total interest and dividend income 7,561 6,866
INTEREST EXPENSE:    
Interest on deposits 303 360
Interest on borrowings 134 147
Total interest expense 437 507
Net interest income 7,124 6,359
Less provision for (recapture of) loan losses (500) (300)
Net interest income after provision for (recapture of) loan losses 7,624 6,659
NON-INTEREST INCOME:    
Fees and service charges 1,296 1,070
Asset management fees 824 820
Net gain on sale of loans held for sale 221 126
Bank owned life insurance income 197 138
Other non-interest income 11 56
Total non-interest income 2,549 2,210
NON-INTEREST EXPENSE:    
Salaries and employee benefits 4,414 4,174
Occupancy and depreciation 1,169 1,087
Data processing 490 470
Amortization of core deposit intangible 2 6
Advertising and marketing expense 176 150
FDIC insurance premium 126 175
State and local taxes 137 137
Telecommunications 73 76
Professional fees 233 289
Real estate owned expenses 279 616
Other non-interest expense 646 555
Total non-interest expense 7,745 7,735
Income (loss) before income taxes 2,428 1,134
Provision (Benefit) for income taxes 833 394
Net Income (Loss) $ 1,595 $ 740
Earnings (loss) per common share:    
Basic earnings $ 0.07 $ 0.03
Diluted earnings $ 0.07 $ 0.03
Weighted average number of shares outstanding:    
Weighted average number of shares outstanding, Basic 22,434,327 22,382,595
Weighted average number of shares outstanding, Diluted 22,477,006 22,408,775