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JUNIOR SUBORDINATED DEBENTURES (Details) - USD ($)
$ in Thousands

3 Months Ended

Jun. 30, 2020

Mar. 31, 2020

JUNIOR SUBORDINATED DEBENTURES

Amount Outstanding

$ 27,836

Fair value adjustment

(1,152)

Total Debentures

$ 26,684

$ 26,662

Riverview Bancorp Statutory Trust I

JUNIOR SUBORDINATED DEBENTURES

Issuance Date

12/2005

Amount Outstanding

$ 7,217

Rate Type

^[1]

Variable

Initial Rate

5.88%

Current Rate

1.67%

Maturity Date

3/2036

Riverview Bancorp Statutory Trust II

JUNIOR SUBORDINATED DEBENTURES

Issuance Date

06/2007

Amount Outstanding

$ 15,464

Rate Type

^[2]

Variable

Initial Rate

7.03%

Current Rate

1.66%

Maturity Date

9/2037

Merchants Bancorp Statutory Trust I

JUNIOR SUBORDINATED DEBENTURES

Issuance Date

06/2003

Amount Outstanding

$ 5,155

Rate Type

^[3]

Variable

Initial Rate

4.16%

Current Rate

3.38%

Maturity Date

6/2033

[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%.

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