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RIVERVIEW BANCORP, INC. (PARENT COMPANY ONLY) (Tables) | 12 Months Ended
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Mar. 31, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule of condensed balance sheet |
(In thousands) |  | 2018 |  |  | 2017 |
ASSETS |  |  |  |  |  |
Cash and cash equivalents |  | $ | 6,479 |  |  | $ | 5,188 |
Investment in the Bank |  |  | 136,497 |  |  |  | 129,947 |
Other assets |  |  | 1,166 |  |  |  | 3,022 |
TOTAL ASSETS |  | $ | 144,142 |  |  | $ | 138,157 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |
Accrued expenses and other liabilities |  | $ | 80 |  |  | $ | 53 |
Dividend payable |  |  | 677 |  |  |  | 450 |
Borrowings |  |  | 26,484 |  |  |  | 26,390 |
Shareholders' equity |  |  | 116,901 |  |  |  | 111,264 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |  | $ | 144,142 |  |  | $ | 138,157 |
Schedule of condensed income statement |
(In thousands) |  | 2018 |  |  | 2017 |  |  | 2016 |
INCOME: |  |  |  |  |  |  |  |  |
Interest on investment securities and other short-term investments |  | $ | 26 |  |  | $ | 21 |  |  | $ | 12 |
Interest on loan receivable from the Bank |  |  | 6 |  |  |  | 15 |  |  |  | 24 |
Total income |  |  | 32 |  |  |  | 36 |  |  |  | 36 |
EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |
Management service fees paid to the Bank |  |  | 143 |  |  |  | 143 |  |  |  | 143 |
Other expenses |  |  | 1,020 |  |  |  | 587 |  |  |  | 443 |
Total expense |  |  | 1,163 |  |  |  | 730 |  |  |  | 586 |
LOSS BEFORE INCOME TAXES AND EQUITY |  |  |  |  |  |  |  |  |  |  |  |
IN UNDISTRIBUTED INCOME OF THE BANK |  |  | (1,131 | ) |  |  | (694 | ) |  |  | (550 | )
BENEFIT FOR INCOME TAXES |  |  | (513 | ) |  |  | (235 | ) |  |  | (187 | )
LOSS OF PARENT COMPANY |  |  | (618 | ) |  |  | (459 | ) |  |  | (363 | )
EQUITY IN UNDISTRIBUTED INCOME OF THE BANK |  |  | 10,860 |  |  |  | 7,863 |  |  |  | 6,721 |
NET INCOME |  | $ | 10,242 |  |  | $ | 7,404 |  |  | $ | 6,358 |
Schedule of condensed cash flow statement |
(In thousands) |  | 2018 |  |  | 2017 |  |  | 2016 |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |
Net income |  | $ | 10,242 |  |  | $ | 7,404 |  |  | $ | 6,358 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed income of the Bank |  |  | (10,860 | ) |  |  | (7,863 | ) |  |  | (6,721 | )
Amortization |  |  | 94 |  |  |  | 22 |  |  |  | - |
Provision for deferred income taxes |  |  | 174 |  |  |  | 666 |  |  |  | 721 |
Earned ESOP shares |  |  | 148 |  |  |  | 143 |  |  |  | 110 |
Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Other assets |  |  | 1,770 |  |  |  | (1,031 | ) |  |  | (941 | )
Accrued expenses and other liabilities |  |  | (132 | ) |  |  | (19 | ) |  |  | (1 | )
Net cash provided by (used in) operating activities |  |  | 1,436 |  |  |  | (678 | ) |  |  | (474 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from assumption of junior subordinated debt (see Note 3) |  |  | - |  |  |  | 3,687 |  |  |  | - |
Dividend from the Bank |  |  | 1,750 |  |  |  | 2,500 |  |  |  | - |
Net cash provided by investing activities |  |  | 1,750 |  |  |  | 6,187 |  |  |  | - |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Dividends paid |  |  | (2,140 | ) |  |  | (1,799 | ) |  |  | (1,261 | )
Proceeds from exercise of stock options |  |  | 245 |  |  |  | 11 |  |  |  | 62 |
Net cash used in financing activities |  |  | (1,895 | ) |  |  | (1,788 | ) |  |  | (1,199 | )
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |  |  | 1,291 |  |  |  | 3,721 |  |  |  | (1,673 | )
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR |  |  | 5,188 |  |  |  | 1,467 |  |  |  | 3,140 |
CASH AND CASH EQUIVALENTS, END OF YEAR |  | $ | 6,479 |  |  | $ | 5,188 |  |  | $ | 1,467 |
Schedule of quarterly financial information |
(Dollars in thousands, except share data) |  | Three Months Ended |
|  | March 31 |  |  | December 31 |  |  | September 30 |  |  | June 30 |
Fiscal 2018: |  |  |  |  |  |  |  |  |  |  |  |
Interest and dividend income |  | $ | 11,244 |  |  | $ | 11,378 |  |  | $ | 11,315 |  |  | $ | 11,023 |
Interest expense |  |  | 587 |  |  |  | 582 |  |  |  | 590 |  |  |  | 590 |
Net interest income |  |  | 10,657 |  |  |  | 10,796 |  |  |  | 10,725 |  |  |  | 10,433 |
Provision for loan losses |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Non-interest income, net |  |  | 2,663 |  |  |  | 2,890 |  |  |  | 2,713 |  |  |  | 2,738 |
Non-interest expense |  |  | 9,127 |  |  |  | 8,558 |  |  |  | 8,759 |  |  |  | 9,174 |
Income before income taxes |  |  | 4,193 |  |  |  | 5,128 |  |  |  | 4,679 |  |  |  | 3,997 |
Provision for income taxes |  |  | 1,184 |  |  |  | 3,608 |  |  |  | 1,620 |  |  |  | 1,343 |
Net income |  | $ | 3,009 |  |  | $ | 1,520 |  |  | $ | 3,059 |  |  | $ | 2,654 |
Basic earnings per share (1) |  | $ | 0.13 |  |  | $ | 0.07 |  |  | $ | 0.14 |  |  | $ | 0.12 |
Diluted earnings per share (1) |  | $ | 0.13 |  |  | $ | 0.07 |  |  | $ | 0.14 |  |  | $ | 0.12 |
Fiscal 2017: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest and dividend income |  | $ | 9,883 |  |  | $ | 8,952 |  |  | $ | 8,530 |  |  | $ | 8,262 |
Interest expense |  |  | 538 |  |  |  | 450 |  |  |  | 442 |  |  |  | 439 |
Net interest income |  |  | 9,345 |  |  |  | 8,502 |  |  |  | 8,088 |  |  |  | 7,823 |
Provision for loan losses |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Non-interest income, net |  |  | 2,586 |  |  |  | 2,333 |  |  |  | 2,581 |  |  |  | 2,514 |
Non-interest expense |  |  | 8,918 |  |  |  | 7,851 |  |  |  | 8,397 |  |  |  | 7,815 |
Income before income taxes |  |  | 3,013 |  |  |  | 2,984 |  |  |  | 2,272 |  |  |  | 2,522 |
Provision for income taxes |  |  | 979 |  |  |  | 991 |  |  |  | 592 |  |  |  | 825 |
Net income |  | $ | 2,034 |  |  | $ | 1,993 |  |  | $ | 1,680 |  |  | $ | 1,697 |
Basic earnings per share (1) |  | $ | 0.09 |  |  | $ | 0.09 |  |  | $ | 0.07 |  |  | $ | 0.08 |
Diluted earnings per share (1) |  | $ | 0.09 |  |  | $ | 0.09 |  |  | $ | 0.07 |  |  | $ | 0.08 |
(1) Quarterly earnings per share may vary from annual earnings per share due to rounding.

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