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RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Mar. 31, 2016
ASSETS    
Cash, including interest-earning accounts $ 50,377 [1] $ 55,400 [2]
Certificate of deposits held for investment 16,271 16,769
Loans held for sale 457 503
Investment securities available for sale, at fair value 163,684 150,690
Investment securities held to maturity, at amortized cost 72 [3] 75 [4]
Loans receivable 619,854 [5] 614,934 [6]
Real estate owned 569 595
Prepaid expenses and other assets 3,286 3,405
Accrued interest receivable 2,451 2,384
Federal Home Loan Bank stock, at cost 1,060 1,060
Premises and equipment, net 14,403 14,595
Deferred income taxes, net 8,141 9,189
Mortgage servicing rights, net 381 380
Goodwill 25,572 25,572
Bank owned life insurance 25,869 25,678
TOTAL ASSETS 932,447 921,229
LIABILITIES:    
Deposits 789,555 779,803
Accrued expenses and other liabilities 7,229 7,388
Advance payments by borrowers for taxes and insurance 521 609
Junior subordinated debentures 22,681 22,681
Capital lease obligations 2,470 2,475
Total liabilities 822,456 812,956
COMMITMENTS AND CONTINGENCIES [7]
Shareholders' equity    
Serial preferred stock [8]
Common Stock [9] 225 225
Additional paid-in capital 64,421 64,418
Retained earnings 43,976 42,728
Unearned shares issued to employee stock ownership plan (155) (181)
Accumulated other comprehensive income (loss) 1,524 1,083
Total shareholders' equity 109,991 108,273
TOTAL LIABILITIES AND EQUITY $ 932,447 $ 921,229
[1] Including interest-earning accounts of $36,120.
[2] Including interest-earning accounts of $40,317.
[3] Fair value of $74.
[4] Fair value of $76.
[5] Net of allowance for loan losses of $9,960.
[6] Net of allowance for loan losses of $9,885.
[7] See Note 12.
[8] Serial preferred stock, $.01 par value; 250,000 authorized, none issued and outstanding.
[9] Common stock, $.01 par value; 50,000,000 authorized, 22,507,890 issued and outstanding.