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JUNIOR SUBORDINATED DEBENTURES (Tables)
3 Months Ended
Jun. 30, 2018
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
%
   
3.70
%
   
3/2036
 
Riverview Bancorp Statutory Trust II
   
06/2007
     
15,464
 
Variable (2)
   
7.03
%
   
3.69
%
   
9/2037
 
Merchants Bancorp Statutory Trust I (4)
   
06/2003
     
5,155
 
Variable (3)
   
4.16
%
   
5.44
%
   
6/2033
 
             
27,836
                           
Fair value adjustment (4)
           
(1,329
)
                         
Total Debentures
         
$
26,507
                           
                                           
(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, attributable to the MBank transaction. See Note 3.