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JUNIOR SUBORDINATED DEBENTURES (Tables)
 3 Months Ended
Jun. 30, 2017
Junior Subordinated Debentures [Abstract]  
Schedule of summary of the terms and amounts outstanding of the debentures
Issuance Trust
 
Issuance
Date
  
Amount
Outstanding
 
Rate Type
 
Initial
Rate
  
Current
Rate
  
Maturity
Date
 
                 
Riverview Bancorp Statutory Trust I
12/2005
  
$
7,217
 
Variable (1)
  
5.88
%
  
2.61
%
  
3/2036
 
Riverview Bancorp Statutory Trust II
06/2007
   
15,464
 
Variable (2)
  
7.03
%
  
2.60
%
  
9/2037
 
Merchants Bancorp Statutory Trust I (4)
06/2003
   
5,155
 
Variable (3)
  
4.16
%
  
4.40
%
  
6/2033
 
       
27,836
              
Fair value adjustment (4)
      
(1,422
)
             
Total Debentures at fair value
     
$
26,414
              
                      
(1) The trust preferred securities reprice quarterly based on the three-month LIBOR plus 1.36%
 
      (2) The trust preferred securities reprice quarterly based on the three-month LIBOR plus 1.35%
 
(3) The trust preferred securities reprice quarterly based on the three-month LIBOR plus 3.10%
 
(4) Amount, net of accretion, is attributable to the MBank transaction. See Note 3.