XML 46 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
RIVERVIEW BANCORP, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ 7,000 $ 895,000
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 918 966
Provision for loan losses 4,500 3,750
Noncash expense related to ESOP 17 34
Increase (decrease) in deferred loan origination fees, net of amortization (181) (48)
Origination of loans held for sale (9,527) (1,529)
Proceeds from sales of loans held for sale 9,073 1,455
Stock based compensation expense 1 5
Writedown of real estate owned 1,512 785
Net (gain) loss on loans held for sale, sale of real estate owned, mortgage-backed securities, investment securities and premises and equipment (778) 18
Income from bank owned life insurance (297) (304)
Changes in assets and liabilities:    
Prepaid expenses and other assets 2,268 (234)
Accrued interest receivable 200 121
Accrued expenses & other liabilities (1,346) 180
Net cash provided by operating activities 6,367 6,094
CASH FLOWS FROM INVESTING ACTIVITIES:    
Loan (originations) repayments, net 56,870 (13,118)
Proceeds from sale of loans 31,394  
Principal repayments on investment securities available for sale 7 21
Principal repayments on investment securities held to maturity 493 7
Principal repayments on mortgage-backed securities available for sale 287 436
Principal repayments on mortgage-backed securities held to maturity 7 9
Purchase of certificates of deposit held for investment (324) (8,947)
Proceeds from redemption of Federal Home Loan Bank stock 65  
Purchase of premises and equipment and capitalized software (1,418) (1,297)
Capitalized improvements related to real estate owned (72) (207)
Proceeds from sale of real estate owned and premises and equipment 3,302 2,575
Net cash provided by (used in) investing activities 90,611 (20,521)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposit accounts (45,228) 12,729
Proceeds from borrowings 3,000 3,000
Repayment of borrowings (3,000) (3,000)
Principal payments under capital lease obligation (36) (23)
Net increase (decrease) in advance payments by borrowers 260 117
Net cash provided by (used in) financing activities (45,004) 12,823
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 51,974 (1,604)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 46,393 51,752
CASH AND CASH EQUIVALENTS, END OF PERIOD 98,367 50,148
Cash paid during the period for:    
Interest 1,543 2,397
Income taxes   830
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Transfer of loans to real estate owned 12,711 1,202
Transfer of real estate owned to loans 2,104 214
Fair value adjustment to securities available for sale (38) 409
Income tax effect related to fair value adjustment $ 13 $ (138)