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RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,654 $ 1,697
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 883 911
Provision for deferred income taxes 1,342 803
Expense related to ESOP 43 29
Increase in deferred loan origination fees, net of amortization 2,955 163
Origination of loans held for sale (7,368) (4,118)
Proceeds from sales of loans held for sale 7,239 4,253
Net gains on loans held for sale, sales and transfer of REO, sales of investment securities and sales of premises and equipment (225) (134)
Income from BOLI (207) (191)
Changes in certain other assets and liabilities:    
Prepaid expenses and other assets (137) 69
Accrued interest receivable (145) (68)
Accrued expenses and other liabilities (4,794) (119)
Net cash provided by operating activities 2,240 3,295
CASH FLOWS FROM INVESTING ACTIVITIES:    
Loan originations, net (6,315) (5,265)
Purchases of loans receivable (14,789)  
Principal repayments on investment securities available for sale 6,498 6,275
Purchases of investment securities available for sale (11,030) (21,464)
Proceeds from calls, maturities, and sales of investment securities available for sale   2,500
Principal repayments on investment securities held to maturity 10 3
Purchases of premises and equipment and capitalized software (107) (96)
Redemption of certificates of deposit held for investment, net   498
Proceeds from sales of REO and premises and equipment   21
Net cash used in investing activities (25,733) (17,528)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposits (6,530) 9,752
Dividends paid (450) (449)
Proceeds from borrowings 17,925  
Repayment of borrowings (17,925)  
Principal payments on capital lease obligation (5) (5)
Net decrease in advance payments by borrowers (97) (88)
Proceeds from exercise of stock options 70  
Net cash provided by (used in) financing activities (7,012) 9,210
NET DECREASE IN CASH AND CASH EQUIVALENTS (30,505) (5,023)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 64,613 55,400
CASH AND CASH EQUIVALENTS, END OF PERIOD 34,108 50,377
Cash paid during the period for:    
Interest 553 395
Income taxes 1 20
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Dividends declared and accrued in other liabilities 507 450
Unrealized holding gain from investment securities available for sale 610 686
Income tax effect related to unrealized holding gain from investment securities available for sale $ (217) $ (245)