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RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2016
Mar. 31, 2016
ASSETS    
Cash and cash equivalents (including interest-earning accounts of $14,302 and $40,317) $ 28,262 $ 55,400
Certificates of deposit held for investment 11,291 16,769
Loans held for sale 1,679 503
Investment securities:    
Available for sale, at estimated fair value 207,271 150,690
Held to maturity, at amortized cost (estimated fair value of $68 and $76) 67 75
Loans receivable (net of allowance for loan losses of $10,289 and $9,885) 654,053 614,934
Real estate owned 298 595
Prepaid expenses and other assets 4,832 3,405
Accrued interest receivable 2,846 2,384
Federal Home Loan Bank stock, at cost 1,060 1,060
Premises and equipment, net 13,953 14,595
Deferred income taxes, net 8,665 9,189
Mortgage servicing rights, net 390 380
Goodwill 25,572 25,572
Bank owned life insurance 25,430 25,678
TOTAL ASSETS 985,669 921,229
LIABILITIES:    
Deposits 840,391 779,803
Accrued expenses and other liabilities 10,450 7,388
Advanced payments by borrowers for taxes and insurance 288 609
Junior subordinated debentures 22,681 22,681
Capital lease obligation 2,459 2,475
Total liabilities 876,269 812,956
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
Common stock, $.01 par value; 50,000,000 authorized December 31, 2016 - 22,510,890 issued and outstanding March 31, 2016 - 22,507,890 issued and outstanding 225 225
Additional paid-in capital 64,448 64,418
Retained earnings 46,750 42,728
Unearned shares issued to employee stock ownership plan ("ESOP") (103) (181)
Accumulated other comprehensive income (loss) (1,920) 1,083
Total shareholders' equity 109,400 108,273
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 985,669 $ 921,229