XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
INTEREST AND DIVIDEND INCOME:    
Interest and fees on loans receivable $ 9,789 $ 7,440
Interest on investment securities - taxable 1,133 720
Interest on investment securities - nontaxable 14  
Other interest and dividends 87 102
Total interest and dividend income 11,023 8,262
INTEREST EXPENSE:    
Interest on deposits 322 281
Interest on borrowings 268 158
Total interest expense 590 439
Net interest income 10,433 7,823
Provision for loan losses
Net interest income after provision for loan losses 10,433 7,823
NON-INTEREST INCOME:    
Fees and service charges 1,407 1,323
Asset management fees 853 822
Net gains on sales of loans held for sale 225 139
BOLI 207 191
Other, net 46 39
Total non-interest income, net 2,738 2,514
NON-INTEREST EXPENSE:    
Salaries and employee benefits 5,422 4,640
Occupancy and depreciation 1,346 1,137
Data processing 616 495
Amortization of CDI 58  
Advertising and marketing 234 193
FDIC insurance premium 145 122
State and local taxes 154 139
Telecommunications 104 73
Professional fees 415 258
REO 2 15
Other 678 743
Total non-interest expense 9,174 7,815
INCOME BEFORE INCOME TAXES 3,997 2,522
PROVISION FOR INCOME TAXES 1,343 825
NET INCOME $ 2,654 $ 1,697
Earnings per common share:    
Basic (in dollars per share) $ 0.12 $ 0.08
Diluted (in dollars per share) $ 0.12 $ 0.08
Weighted average number of common shares outstanding:    
Basic (in shares) 22,504,852 22,467,861
Diluted (in shares) 22,589,440 22,514,235