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JUNIOR SUBORDINATED DEBENTURES (Tables)
6 Months Ended
Sep. 30, 2018
Junior Subordinated Debentures [Abstract]  
Schedule of summary of terms and the 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
%
 
3.69
%
 
3/2036
 
Riverview Bancorp Statutory Trust II
   
06/2007
   
15,464
 
Variable (2)
   
7.03
%
 
3.68
%
 
9/2037
 
Merchants Bancorp Statutory Trust I (4)
   
06/2003
   
5,155
 
Variable (3)
   
4.16
%
 
5.47
%
 
6/2033
 
           
27,836
                       
Fair value adjustment (4)
         
(1,306
)
                     
Total Debentures
       
$
26,530
                       
                                     
(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.