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Condensed Financial Information of Parent Company Only Disclosure: Condensed Cash Flow Statement (Tables)
12 Months Ended
Mar. 31, 2016
Tables/Schedules  
Condensed Cash Flow Statement

RIVERVIEW BANCORP, INC. (PARENT COMPANY ONLY)

 

STATEMENTS OF CASH FLOWS

YEARS ENDED MARCH 31, 2016, 2015 AND 2014

 

(In thousands)

 

2016

 

 

2015

 

 

2014

 

CASH FLOWS FROM OPERATING ACTIVITIES:

 

 

 

 

 

 

 

 

 

Net income

$

6,358

 

$

4,491

 

$

19,423

 

Adjustments to reconcile net income to cash provided by

    (used in) operating activities:

 

 

 

 

 

 

 

 

 

Equity in undistributed (income) loss of the Bank

 

(6,721

)

 

1,152

 

 

(18,605

)

Provision (benefit) for deferred income taxes

 

721

 

 

(197

)

 

(1,364

)

Earned ESOP shares

 

110

 

 

102

 

 

68

 

Stock based compensation

 

-

 

 

26

 

 

78

 

Changes in assets and liabilities:

 

 

 

 

 

 

 

 

 

Other assets

 

(941

)

 

110

 

 

131

 

Accrued expenses and other liabilities

 

(1

)

 

(3,698

)

 

355

 

Net cash provided by (used in) operating activities

 

(474

)

 

1,986

 

 

86

 

CASH FLOWS FROM FINANCING ACTIVITIES:

 

 

 

 

 

 

 

 

 

Dividends paid

 

(1,261

)

 

-

 

 

-

 

Proceeds from exercise of stock options

 

62

 

 

48

 

 

-

 

Net cash provided by (used in) financing activities

 

(1,199

)

 

48

 

 

-

 

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

 

(1,673

)

 

2,034

 

 

86

 

CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR

 

3,140

 

 

1,106

 

 

1,020

 

CASH AND CASH EQUIVALENTS, END OF YEAR

$

1,467

 

$

3,140

 

$

1,106