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RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2016
Jun. 30, 2015
INTEREST AND DIVIDEND INCOME:    
Interest and fees on loans receivable $ 7,440 $ 6,860
Interest on investment securities 720 582
Other interest and dividends 102 119
Total interest and dividend income 8,262 7,561
INTEREST EXPENSE:    
Interest on deposits 281 303
Interest on borrowings 158 134
Total interest expense 439 437
Net interest income 7,823 7,124
Provision for (recapture of) loan losses   (500)
Net interest income after provision for (recapture of) loan losses 7,823 7,624
NON-INTEREST INCOME:    
Fees and service charges 1,323 1,296
Asset management fees 822 824
Net gain on sale of loans held for sale 139 221
Bank owned life insurance income 191 197
Other non-interest income, net 39 11
Total non-interest income, net 2,514 2,549
NON-INTEREST EXPENSE:    
Salaries and employee benefits 4,640 4,414
Occupancy and depreciation 1,137 1,169
Data processing 495 490
Advertising and marketing 193 176
FDIC insurance premium 122 126
State and local taxes 139 137
Telecommunications 73 73
Professional fees 258 233
Real estate owned expenses 15 279
Other non-interest expense 743 648
Total non-interest expense 7,815 7,745
Income (loss) before income taxes 2,522 2,428
Provision (Benefit) for income taxes 825 833
Net Income (Loss) $ 1,697 $ 1,595
Earnings (loss) per common share:    
Basic earnings $ 0.08 $ 0.07
Diluted earnings $ 0.08 $ 0.07
Weighted average number of shares outstanding:    
Weighted average number of shares outstanding, Basic 22,467,861 22,434,327
Weighted average number of shares outstanding, Diluted 22,514,235 22,477,006