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RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Mar. 31, 2016
ASSETS    
Cash and cash equivalents (including interest-earning accounts of $77,509 and $40,317) $ 93,007 $ 55,400
Certificates of deposit held for investment 15,275 16,769
Loans held for sale 991 503
Available for sale, at estimated fair value 152,251 150,690
Held to maturity, at amortized cost (estimated fair value of $71 and $76) 69 75
Loans receivable (net of allowance for loan losses of $10,063 and $9,885) 640,873 614,934
Real estate owned 539 595
Prepaid expenses and other assets 4,334 3,405
Accrued interest receivable 2,421 2,384
Federal Home Loan Bank stock, at cost 1,060 1,060
Premises and equipment, net 14,206 14,595
Deferred income taxes, net 7,816 9,189
Mortgage servicing rights, net 385 380
Goodwill 25,572 25,572
Bank owned life insurance 25,246 25,678
TOTAL ASSETS 984,045 921,229
LIABILITIES:    
Deposits 838,902 779,803
Accrued expenses and other liabilities 8,175 7,388
Advanced payments by borrowers for taxes and insurance 837 609
Junior subordinated debentures 22,681 22,681
Capital lease obligation 2,464 2,475
Total liabilities 873,059 812,956
COMMITMENTS AND CONTINGENCIES (See Note 12)
SHAREHOLDERS' EQUITY:    
Serial preferred stock, $.01 par value; 250,000 authorized; issued and outstanding: none
Common stock, $.01 par value; 50,000,000 authorized September 30, 2016 - 22,507,890 issued and outstanding March 31, 2016 - 22,507,890 issued and outstanding 225 225
Additional paid-in capital 64,425 64,418
Retained earnings 45,207 42,728
Unearned shares issued to employee stock ownership plan ("ESOP") (129) (181)
Accumulated other comprehensive income 1,258 1,083
Total shareholders' equity 110,986 108,273
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 984,045 $ 921,229