XML 17 R4.htm IDEA: XBRL DOCUMENT v3.5.0.1
RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
INTEREST AND DIVIDEND INCOME:      
Interest and fees on loans receivable $ 27,795 $ 25,896 $ 25,423
Interest on investment securities 2,709 2,274 695
Other interest and dividends 444 456 686
Total interest and dividend income 30,948 28,626 26,804
INTEREST EXPENSE:      
Interest on deposits 1,173 1,326 1,973
Interest on borrowings 569 590 595
Total interest expense 1,742 1,916 2,568
Net interest income 29,206 26,710 24,236
Less provision for (recapture of) loan losses (1,150) (1,800) (3,700)
Net interest income after provision for (recapture of) loan losses 30,356 28,510 27,936
NON-INTEREST INCOME:      
Fees and service charges 4,846 4,317 4,258
Asset management fees 3,212 2,975 2,630
Net gains on sales of loans held for sale 525 596 667
Income from bank owned life insurance 770 716 553
Other non-interest income, net 22 271 259
Total non-interest income, net 9,375 8,875 8,367
NON-INTEREST EXPENSE:      
Salaries and employee benefits 17,694 17,805 15,755
Occupancy and depreciation 4,727 4,778 4,811
Data processing 1,775 1,807 2,058
Advertising and marketing expense 669 628 726
FDIC insurance premium 500 627 1,487
State and local taxes 510 559 462
Telecommunications 292 295 304
Professional fees 904 1,089 1,290
Real estate owned expenses 567 994 2,765
Other non-interest expense 2,309 2,162 2,303
Total non-interest expense 29,947 30,744 31,961
Income (loss) before income taxes 9,784 6,641 4,342
Provision (Benefit) for income taxes 3,426 2,150 (15,081)
Net Income (Loss) $ 6,358 $ 4,491 $ 19,423
Earnings (loss) per common share:      
Basic earnings $ 0.28 $ 0.20 $ 0.87
Diluted earnings $ 0.28 $ 0.20 $ 0.87
Weighted average number of shares outstanding:      
Weighted average number of shares outstanding, Basic 22,450,252 22,392,744 22,367,174
Weighted average number of shares outstanding, Diluted 22,494,151 22,431,839 22,369,175