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Principles of Consolidation | 9 Months Ended
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Dec. 31, 2015
Notes |
Principles of Consolidation | 2. PRINCIPLES OF CONSOLIDATION The accompanying unaudited consolidated financial statements include the accounts of: Riverview Bancorp, Inc.; its wholly-owned subsidiary, Riverview Community Bank (the “Bank”); and the Bank’s wholly-owned subsidiaries, Riverview Services, Inc. and Riverview Asset Management Corp. (“RAMCorp”) (collectively referred to as the “Company”). All inter-company transactions and balances have been eliminated in consolidation. During the quarter-ended December 31, 2015, RAMCorp repurchased all the remaining shares held by its noncontrolling interest owner. These shares were subsequently retired by RAMCorp. This transaction resulted in the Bank’s ownership in RAMCorp increasing from 90% at September 30, 2015 to 100% at December 31, 2015.

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