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RIVERVIEW BANCORP, INC. (PARENT COMPANY ONLY) (Tables) | 12 Months Ended
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Mar. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
Schedule of condensed balance sheet | BALANCE SHEETS AS OF MARCH 31, 2020 AND 2019
(In thousands) |  | 2020 |  | 2019
ASSETS |  |  |  |  |  |
Cash and cash equivalents |  | $ | 10,269 |  | $ | 4,178
Investment in the Bank |  |  | 165,130 |  |  | 155,041
Other assets |  |  | 1,440 |  |  | 1,445
TOTAL ASSETS |  | $ | 176,839 |  | $ | 160,664
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |
Accrued expenses and other liabilities |  | $ | 199 |  | $ | 63
Dividend payable |  |  | 1,135 |  |  | 904
Borrowings |  |  | 26,662 |  |  | 26,575
Shareholders' equity |  |  | 148,843 |  |  | 133,122
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |  | $ | 176,839 |  | $ | 160,664
Schedule of condensed income statement | STATEMENTS OF INCOME FOR THE YEARS ENDED MARCH 31, 2020, 2019 AND 2018
(In thousands) |  | 2020 |  | 2019 |  | 2018
INCOME: |  |  |  |  |  |  |  |  |
Interest on investment securities and other short-term investments |  | $ | 33 |  | $ | 35 |  | $ | 26
Interest on loan receivable from the Bank |  |  | — |  |  | — |  |  | 6
Total income |  |  | 33 |  |  | 35 |  |  | 32
EXPENSE: |  |  |  |  |  |  |  |  |
Management service fees paid to the Bank |  |  | 143 |  |  | 143 |  |  | 143
Other expenses |  |  | 1,233 |  |  | 1,298 |  |  | 1,020
Total expense |  |  | 1,376 |  |  | 1,441 |  |  | 1,163
LOSS BEFORE INCOME TAXES AND EQUITY |  |  |  |  |  |  |  |  |
IN UNDISTRIBUTED INCOME OF THE BANK |  |  | (1,343) |  |  | (1,406) |  |  | (1,131)
BENEFIT FOR INCOME TAXES |  |  | (282) |  |  | (294) |  |  | (513)
LOSS OF PARENT COMPANY |  |  | (1,061) |  |  | (1,112) |  |  | (618)
EQUITY IN UNDISTRIBUTED INCOME OF THE BANK |  |  | 16,809 |  |  | 18,378 |  |  | 10,860
NET INCOME |  | $ | 15,748 |  | $ | 17,266 |  | $ | 10,242
Schedule of condensed cash flow statement | STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED MARCH 31, 2020, 2019 AND 2018
(In thousands) |  | 2020 |  | 2019 |  | 2018
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |
Net income |  | $ | 15,748 |  | $ | 17,266 |  | $ | 10,242
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |
Equity in undistributed income of the Bank |  |  | (16,809) |  |  | (18,378) |  |  | (10,860)
Amortization |  |  | 87 |  |  | 91 |  |  | 94
Provision for deferred income taxes |  |  | — |  |  | 10 |  |  | 174
Earned ESOP shares |  |  | — |  |  | — |  |  | 148
Stock based compensation |  |  | 346 |  |  | 44 |  |  | 88
Changes in assets and liabilities: |  |  |  |  |  |  |  |  |
Other assets |  |  | (278) |  |  | (447) |  |  | 1,770
Accrued expenses and other liabilities |  |  | 364 |  |  | 97 |  |  | (220)
Net cash provided by (used in) operating activities |  |  | (542) |  |  | (1,317) |  |  | 1,436
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Dividend from the Bank |  |  | 11,500 |  |  | 2,000 |  |  | 1,750
Net cash provided by investing activities |  |  | 11,500 |  |  | 2,000 |  |  | 1,750
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Dividends paid |  |  | (4,075) |  |  | (3,163) |  |  | (2,140)
Proceeds from exercise of stock options |  |  | 227 |  |  | 179 |  |  | 245
Repurchase of common stock |  |  | (1,019) |  |  | — |  |  | —
Net cash used in financing activities |  |  | (4,867) |  |  | (2,984) |  |  | (1,895)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |  |  | 6,091 |  |  | (2,301) |  |  | 1,291
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR |  |  | 4,178 |  |  | 6,479 |  |  | 5,188
CASH AND CASH EQUIVALENTS, END OF YEAR |  | $ | 10,269 |  | $ | 4,178 |  | $ | 6,479
Schedule of quarterly financial information | SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED):
(Dollars in thousands, except per share data) |  | Three Months Ended
Fiscal 2020: |  | March 31 |  | December 31 |  | September 30 |  | June 30
Interest and dividend income |  | $ | 12,291 |  | $ | 12,766 |  | $ | 12,882 |  | $ | 12,556
Interest expense |  |  | 1,241 |  |  | 1,274 |  |  | 1,163 |  |  | 1,086
Net interest income |  |  | 11,050 |  |  | 11,492 |  |  | 11,719 |  |  | 11,470
Provision for loan losses |  |  | 1,250 |  |  | — |  |  | — |  |  | —
Non-interest income, net |  |  | 2,892 |  |  | 3,163 |  |  | 3,169 |  |  | 3,136
Non-interest expense |  |  | 8,818 |  |  | 9,248 |  |  | 9,003 |  |  | 9,194
Income before income taxes |  |  | 3,874 |  |  | 5,407 |  |  | 5,885 |  |  | 5,412
Provision for income taxes |  |  | 980 |  |  | 1,279 |  |  | 1,351 |  |  | 1,220
Net income |  | $ | 2,894 |  | $ | 4,128 |  | $ | 4,534 |  | $ | 4,192
Basic earnings per common share (1) |  | $ | 0.13 |  | $ | 0.18 |  | $ | 0.20 |  | $ | 0.19
Diluted earnings per common share (1) |  | $ | 0.13 |  | $ | 0.18 |  | $ | 0.20 |  | $ | 0.18
Fiscal 2019: |  |  |  |  |  |  |  |  |  |  |  |
Interest and dividend income |  | $ | 12,802 |  | $ | 12,390 |  | $ | 12,389 |  | $ | 12,288
Interest expense |  |  | 930 |  |  | 656 |  |  | 611 |  |  | 618
Net interest income |  |  | 11,872 |  |  | 11,734 |  |  | 11,778 |  |  | 11,670
Provision for loan losses |  |  | — |  |  | - |  |  | 250 |  |  | (200)
Non-interest income, net |  |  | 2,670 |  |  | 2,728 |  |  | 2,840 |  |  | 2,869
Non-interest expense |  |  | 8,962 |  |  | 8,803 |  |  | 8,915 |  |  | 9,019
Income before income taxes |  |  | 5,580 |  |  | 5,659 |  |  | 5,453 |  |  | 5,720
Provision for income taxes |  |  | 1,373 |  |  | 1,271 |  |  | 1,224 |  |  | 1,278
Net income |  | $ | 4,207 |  | $ | 4,388 |  | $ | 4,229 |  | $ | 4,442
Basic earnings per common share (1) |  | $ | 0.19 |  | $ | 0.19 |  | $ | 0.19 |  | $ | 0.20
Diluted earnings per common share (1) |  | $ | 0.19 |  | $ | 0.19 |  | $ | 0.19 |  | $ | 0.20
Quarterly earnings per common share may vary from annual earnings per common share due to rounding.

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