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RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income (Loss) $ 6,358 $ 4,491 $ 19,423
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 3,294 3,283 1,898
Provision for (recapture of) loan losses (1,150) (1,800) (3,700)
Provision (benefit) for deferred income taxes 3,175 2,140 (15,100)
Expense related to ESOP 110 102 68
Increase (decrease) in deferred loan origination fees, net of amortization 585 190 102
Origination of loans held for sale (15,768) (17,991) (24,413)
Proceeds from sales of loans held for sale 16,398 18,673 24,718
Stock based compensation expense   26 78
Writedown of real estate owned 369 715 2,056
Net (gain) loss on loans held for sale, sales and transfer of real estate owned, sales of investment securities and sales of premises and equipment (321) (663) (640)
Income from bank owned life insurance 770 716 553
Changes in assets and liabilities:      
Prepaid expenses and other assets (239) (161) 46
Accrued interest receivable (245) (303) (89)
Accrued expenses & other liabilities (718) (2,424) 2,637
Net cash provided by (used in) operating activities 11,078 5,562 6,531
CASH FLOWS FROM INVESTING ACTIVITIES:      
Loan repayments (originations), net (30,686) (24,270) 24,044
Purchase of loans receivable (15,618) (22,864) (22,082)
Principal repayments on investment securities available for sale 21,860 18,553 3,516
Purchase of investment securities available for sale (60,679) (52,199) (101,514)
Proceeds from call, maturity, or sale of investment securities available for sale   24,205 3,000
Principal repayments on investment securities held to maturity 11 15 24
Purchase of premises and equipment and capitalized software (366) (464) (835)
Redemption (purchase) of certificates of deposit held for investment, net 9,200 10,956 7,710
Proceeds from redemption of Federal Home Loan Bank stock 4,864 820 410
Purchase of Bank owned life insurance   (6,500)  
Proceeds from sale of real estate owned and premises and equipment 753 5,493 7,347
Net cash provided by (used in) investing activities (70,661) (46,255) (78,380)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase (decrease) in deposit accounts 58,953 30,784 26,260
Purchase of subsidiary shares from noncontrolling interest (1,502)   (612)
Dividends paid (1,261)    
Proceeds from borrowings 4,100 25,450 3,000
Repayment of borrowings (4,100) (25,450) (3,000)
Principal payments under capital lease obligation (42) (85) (79)
Net increase (decrease) in advance payments by borrowers 114 28 (558)
Proceeds from exercise of stock options 62 48  
Net cash provided by (used in) financing activities 56,324 30,775 25,011
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (3,259) (9,918) (46,838)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 58,659 68,577 115,415
CASH AND CASH EQUIVALENTS, END OF PERIOD 55,400 58,659 68,577
Cash paid during the period for:      
Interest 1,570 5,457 1,974
Income taxes 239 15 31
NONCASH INVESTING AND FINANCING ACTIVITIES:      
Dividends declared and accrued in other liabilities 452 253  
Transfer of loans to real estate owned 298 1,512 6,331
Transfer of real estate owned to loans   1,333 4,946
Adjustment to capital lease obligations and premises and equipment due to lease modification 241    
Unrealized holding gain from investment securities available for sale 524 2,133 555
Income tax effect related to unrealized holding gain from investment securities available for sale $ (203) $ (724) $ (189)