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RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Mar. 31, 2017
ASSETS    
Cash and cash equivalents (including interest-earning accounts of $14,919 and $46,245) $ 34,108 $ 64,613
Certificates of deposit held for investment 11,042 11,042
Loans held for sale 768 478
Investment securities:    
Available for sale, at estimated fair value 205,012 200,214
Held to maturity, at amortized cost (estimated fair value of $55 and $66) 54 64
Loans receivable (net of allowance for loan losses of $10,597 and $10,528) 786,913 768,904
Real estate owned ("REO") 298 298
Prepaid expenses and other assets 3,901 3,815
Accrued interest receivable 3,086 2,941
Federal Home Loan Bank stock, at cost 1,181 1,181
Premises and equipment, net 16,041 16,232
Deferred income taxes, net 6,051 7,610
Mortgage servicing rights, net 408 398
Goodwill 27,076 27,076
Core deposit intangible ("CDI"), net 1,277 1,335
Bank owned life insurance ("BOLI") 27,945 27,738
TOTAL ASSETS 1,125,161 1,133,939
LIABILITIES:    
Deposits 973,483 980,058
Accrued expenses and other liabilities 8,302 13,080
Advanced payments by borrowers for taxes and insurance 596 693
Junior subordinated debentures 26,414 26,390
Capital lease obligation 2,449 2,454
Total liabilities 1,011,244 1,022,675
COMMITMENTS AND CONTINGENCIES (See Note 13)
SHAREHOLDERS' EQUITY:    
Serial preferred stock, $.01 par value; 250,000 authorized; issued and outstanding: none
Common stock, $.01 par value; 50,000,000 authorized June 30, 2017 - 22,527,401 issued and outstanding March 31, 2017 - 22,510,890 issued and outstanding 225 225
Additional paid-in capital 64,556 64,468
Retained earnings 50,482 48,335
Unearned shares issued to employee stock ownership plan ("ESOP") (52) (77)
Accumulated other comprehensive loss (1,294) (1,687)
Total shareholders' equity 113,917 111,264
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,125,161 $ 1,133,939