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RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ 1,697 $ 1,595
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 911 782
Provision for (recapture of) loan losses   (500)
Provision (benefit) for deferred income taxes 803 833
Expense related to ESOP 29 26
Increase (decrease) in deferred loan origination fees, net of amortization 163 (36)
Origination of loans held for sale (4,118) (6,054)
Proceeds from sales of loans held for sale 4,253 6,780
Writedown of real estate owned   135
Net (gain) loss on loans held for sale, sale of real estate owned, mortgage-backed securities, investment securities and premises and equipment (134) (184)
Income from bank owned life insurance (191) (197)
Changes in assets and liabilities:    
Prepaid expenses and other assets 69 (416)
Accrued interest receivable (68) 70
Accrued expenses & other liabilities (119) (722)
Net cash provided by (used in) operating activities 3,295 2,112
CASH FLOWS FROM INVESTING ACTIVITIES:    
Loan repayments (originations), net (5,265) 9,559
Principal repayments on investment securities available for sale 6,275 5,067
Purchase of investment securities available for sale (21,464) (33,968)
Proceeds from call, maturity, or sale of investment securities available for sale 2,500  
Principal repayments on investment securities held to maturity 3 3
Purchase of premises and equipment and capitalized software (96) (123)
Redemption (purchase) of certificates of deposit held for investment, net 498 498
Proceeds from redemption of Federal Home Loan Bank stock, net   4,936
Proceeds from sale of real estate owned and premises and equipment 21 88
Net cash provided by (used in) investing activities (17,528) (13,940)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposits 9,752 1,611
Dividends Paid (449) (253)
Principal payments under capital lease obligations (5) (22)
Net increase (decrease) in advance payments by borrowers (88) (80)
Proceeds from exercise of stock options   62
Net cash provided by (used in) financing activities 9,210 1,318
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (5,023) (10,510)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 55,400 58,659
CASH AND CASH EQUIVALENTS, END OF PERIOD 50,377 48,149
Cash paid during the period for:    
Interest 395 395
Income taxes 20 15
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Dividends declared and accrued in other liabilities 450 281
Unrealized holding gain (loss) from investment securities available for sale 686 (1,157)
Income tax effect related to unrealized holding gain (loss) from investment securities available for sale $ (245) $ 393