XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.24.3

JUNIOR SUBORDINATED DEBENTURES (Tables) | 6 Months Ended
--- | ---
Sep. 30, 2024
JUNIOR SUBORDINATED DEBENTURES |
Schedule of summary of the terms and amounts outstanding of the debentures | The following table is a summary of the terms and the amounts outstanding of the Debentures at September 30, 2024 (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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 | % | 6.57 | % | 3/2036
Riverview Bancorp Statutory Trust II |  | 06/2007 | ​ |  | 15,464 |  | Variable | (2) | 7.03 | % | 6.56 | % | 9/2037
Merchants Bancorp Statutory Trust I (4) |  | 06/2003 | ​ |  | 5,155 |  | Variable | (3) | 4.16 | % | 8.02 | % | 6/2033
​ |  | ​ | ​ | ​ | 27,836 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fair value adjustment (4) |  | ​ | ​ | ​ | (788) |  |  |  |  |  |  |  |
Total Debentures | ​ | ​ | ​ | $ | 27,048 |  |  |  |  |  |  |  |
​
(1) | The trust preferred securities reprice quarterly based on the three-month Chicago Mercantile Exchange (“CME”) Term SOFR plus 1.36%.
(2) | The trust preferred securities reprice quarterly based on the three-month CME Term SOFR plus 1.35%.
(3) | The trust preferred securities reprice quarterly based on the three-month CME Term SOFR plus 3.10%.
(4) | Amount, net of accretion, attributable to a prior year’s business combination.

X
- References No definition available. + Details
Name: | rvsb_JuniorSubordinatedDebenturesAbstract
Namespace Prefix: | rvsb_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total. + References No definition available. + Details
Name: | rvsb_ScheduleOfTermsOfCurrentDebenturesTableTextBlock
Namespace Prefix: | rvsb_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration