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RIVERVIEW BANCORP, INC. (PARENT COMPANY ONLY) (Tables) | 12 Months Ended
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Mar. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule of condensed balance sheet |
BALANCE SHEETS |  |  |  |  |  |
MARCH 31, 2017 AND 2016 |  |  |  |  |  |
(In thousands) |  | 2017 |  |  | 2016 |
ASSETS |  |  |  |  |  |
Cash and cash equivalents |  | $ | 5,188 |  |  | $ | 1,467 |
Investment in the Bank |  |  | 129,947 |  |  |  | 127,311 |
Other assets |  |  | 3,022 |  |  |  | 2,657 |
TOTAL ASSETS |  | $ | 138,157 |  |  | $ | 131,435 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |
Accrued expenses and other liabilities |  | $ | 53 |  |  | $ | 29 |
Dividend payable |  |  | 450 |  |  |  | 452 |
Borrowings |  |  | 26,390 |  |  |  | 22,681 |
Shareholders' equity |  |  | 111,264 |  |  |  | 108,273 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |  | $ | 138,157 |  |  | $ | 131,435 |
Schedule of condensed income statement |
STATEMENTS OF INCOME |  |  |  |  |  |  |  |  |
YEARS ENDED MARCH 31, 2017, 2016 AND 2015 |  |  |  |  |  |  |  |  |
(In thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
INCOME: |  |  |  |  |  |  |  |  |
Dividend income from the Bank |  | $ | - |  |  | $ | - |  |  | $ | 6,000 |
Interest on investment securities and other short-term investments |  |  | 21 |  |  |  | 12 |  |  |  | 13 |
Interest on loan receivable from the Bank |  |  | 15 |  |  |  | 24 |  |  |  | 33 |
Total income |  |  | 36 |  |  |  | 36 |  |  |  | 6,046 |
EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |
Management service fees paid to the Bank |  |  | 143 |  |  |  | 143 |  |  |  | 143 |
Other expenses |  |  | 587 |  |  |  | 443 |  |  |  | 457 |
Total expense |  |  | 730 |  |  |  | 586 |  |  |  | 600 |
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY |  |  |  |  |  |  |  |  |  |  |  |
IN UNDISTRIBUTED INCOME (LOSS) OF THE BANK |  |  | (694 | ) |  |  | (550 | ) |  |  | 5,446 |
BENEFIT FOR INCOME TAXES |  |  | (235 | ) |  |  | (187 | ) |  |  | (197 | )
INCOME (LOSS) OF PARENT COMPANY |  |  | (459 | ) |  |  | (363 | ) |  |  | 5,643 |
EQUITY IN UNDISTRIBUTED INCOME (LOSS) OF THE BANK |  |  | 7,863 |  |  |  | 6,721 |  |  |  | (1,152 | )
NET INCOME |  | $ | 7,404 |  |  | $ | 6,358 |  |  | $ | 4,491 |
Schedule of condensed cash flow statement | STATEMENTS OF CASH FLOWS YEARS ENDED MARCH 31, 2017, 2016 AND 2015
(In thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |
Net income |  | $ | 7,404 |  |  | $ | 6,358 |  |  | $ | 4,491 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed (income) loss of the Bank |  |  | (7,863 | ) |  |  | (6,721 | ) |  |  | 1,152 |
Amortization |  |  | 22 |  |  |  | - |  |  |  | - |
Provision (benefit) for deferred income taxes |  |  | 666 |  |  |  | 721 |  |  |  | (197 | )
Earned ESOP shares |  |  | 143 |  |  |  | 110 |  |  |  | 102 |
Stock-based compensation |  |  | - |  |  |  | - |  |  |  | 26 |
Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Other assets |  |  | (1,031 | ) |  |  | (941 | ) |  |  | 110 |
Accrued expenses and other liabilities |  |  | (19 | ) |  |  | (1 | ) |  |  | (3,698 | )
Net cash provided by (used in) operating activities |  |  | (678 | ) |  |  | (474 | ) |  |  | 1,986 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from assumption of junior subordinated debt (see Note 3) |  |  | 3,687 |  |  |  | - |  |  |  | - |
Dividend from the Bank |  |  | 2,500 |  |  |  | - |  |  |  | - |
Net cash provided by investing activities |  |  | 6,187 |  |  |  | - |  |  |  | - |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Dividends paid |  |  | (1,799 | ) |  |  | (1,261 | ) |  |  | - |
Proceeds from exercise of stock options |  |  | 11 |  |  |  | 62 |  |  |  | 48 |
Net cash provided by (used in) financing activities |  |  | (1,788 | ) |  |  | (1,199 | ) |  |  | 48 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |  |  | 3,721 |  |  |  | (1,673 | ) |  |  | 2,034 |
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR |  |  | 1,467 |  |  |  | 3,140 |  |  |  | 1,106 |
CASH AND CASH EQUIVALENTS, END OF YEAR |  | $ | 5,188 |  |  | $ | 1,467 |  |  | $ | 3,140 |
Schedule of quarterly financial information | SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED):
(Dollars in thousands, except share data) |  | Three Months Ended |
|  | March 31 |  |  | December 31 |  |  | September 30 |  |  | June 30 |
Fiscal 2017: |  |  |  |  |  |  |  |  |  |  |  |
Interest and dividend income |  | $ | 9,883 |  |  | $ | 8,952 |  |  | $ | 8,530 |  |  | $ | 8,262 |
Interest expense |  |  | 538 |  |  |  | 450 |  |  |  | 442 |  |  |  | 439 |
Net interest income |  |  | 9,345 |  |  |  | 8,502 |  |  |  | 8,088 |  |  |  | 7,823 |
Recapture of loan losses |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Non-interest income, net |  |  | 2,586 |  |  |  | 2,333 |  |  |  | 2,581 |  |  |  | 2,514 |
Non-interest expense |  |  | 8,918 |  |  |  | 7,851 |  |  |  | 8,397 |  |  |  | 7,815 |
Income before income taxes |  |  | 3,013 |  |  |  | 2,984 |  |  |  | 2,272 |  |  |  | 2,522 |
Provision for income taxes |  |  | 979 |  |  |  | 991 |  |  |  | 592 |  |  |  | 825 |
Net income |  | $ | 2,034 |  |  | $ | 1,993 |  |  | $ | 1,680 |  |  | $ | 1,697 |
Basic earnings per share (1) |  | $ | 0.09 |  |  | $ | 0.09 |  |  | $ | 0.07 |  |  | $ | 0.08 |
Diluted earnings per share (1) |  | $ | 0.09 |  |  | $ | 0.09 |  |  | $ | 0.07 |  |  | $ | 0.08 |
Fiscal 2016: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest and dividend income |  | $ | 7,864 |  |  | $ | 7,921 |  |  | $ | 7,602 |  |  | $ | 7,561 |
Interest expense |  |  | 432 |  |  |  | 434 |  |  |  | 439 |  |  |  | 437 |
Net interest income |  |  | 7,432 |  |  |  | 7,487 |  |  |  | 7,163 |  |  |  | 7,124 |
Recapture of loan losses |  |  | (350 | ) |  |  | - |  |  |  | (300 | ) |  |  | (500 | )
Non-interest income, net |  |  | 2,193 |  |  |  | 2,417 |  |  |  | 2,216 |  |  |  | 2,549 |
Non-interest expense |  |  | 7,569 |  |  |  | 7,349 |  |  |  | 7,284 |  |  |  | 7,745 |
Income before income taxes |  |  | 2,406 |  |  |  | 2,555 |  |  |  | 2,395 |  |  |  | 2,428 |
Provision for income taxes |  |  | 1,001 |  |  |  | 849 |  |  |  | 743 |  |  |  | 833 |
Net income |  | $ | 1,405 |  |  | $ | 1,706 |  |  | $ | 1,652 |  |  | $ | 1,595 |
Basic earnings per share (1) |  | $ | 0.06 |  |  | $ | 0.08 |  |  | $ | 0.07 |  |  | $ | 0.07 |
Diluted earnings per share (1) |  | $ | 0.06 |  |  | $ | 0.08 |  |  | $ | 0.07 |  |  | $ | 0.07 |
(1) Quarterly earnings per share may vary from annual earnings per share due to rounding.

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