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JUNIOR SUBORDINATED DEBENTURES (Details) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2020
Mar. 31, 2020
JUNIOR SUBORDINATED DEBENTURES    
Amount Outstanding $ 27,836  
Fair value adjustment [1] (1,131)  
Total Debentures $ 26,705 $ 26,662
Riverview Bancorp Statutory Trust I    
JUNIOR SUBORDINATED DEBENTURES    
Issuance Date Dec. 01, 2005  
Amount Outstanding $ 7,217  
Rate Type [2] Variable  
Initial Rate 5.88%  
Current Rate 1.61%  
Maturity Date 3/2036  
Riverview Bancorp Statutory Trust II    
JUNIOR SUBORDINATED DEBENTURES    
Issuance Date Jun. 01, 2007  
Amount Outstanding $ 15,464  
Rate Type [3] Variable  
Initial Rate 7.03%  
Current Rate 1.60%  
Maturity Date 9/2037  
Merchants Bancorp Statutory Trust I    
JUNIOR SUBORDINATED DEBENTURES    
Issuance Date [1] Jun. 01, 2003  
Amount Outstanding [1] $ 5,155  
Rate Type [1],[4] Variable  
Initial Rate [1] 4.16%  
Current Rate [1] 3.33%  
Maturity Date [1] 6/2033  
[1] Amount, net of accretion, attributable to a prior year’s business combination
[2] The trust preferred securities reprice quarterly based on the three-month LIBOR plus 1.36%.
[3] The trust preferred securities reprice quarterly based on the three-month LIBOR plus 1.35%.
[4] The trust preferred securities reprice quarterly based on the three-month LIBOR plus 3.10%.