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RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
INTEREST INCOME:        
Interest and fees on loans receivable $ 6,465 $ 8,468 $ 13,070 $ 17,513
Interest on investment securities-taxable 77 38 116 91
Interest on investment securities-non taxable   7   15
Interest on mortgage-backed securities 52 7 68 15
Other interest and dividends 170 128 341 257
Total interest and dividend income 6,764 8,648 13,595 17,891
INTEREST EXPENSE:        
Interest on deposits 514 699 1,041 1,522
Interest on borrowings 150 162 300 511
Total interest expense 664 861 1,341 2,033
Net interest income 6,100 7,787 12,254 15,858
Provision for (recapture of) loan losses   500 (2,500) 4,500
Net interest income after provision for (recapture of) loan losses 6,100 7,287 14,754 11,358
NON-INTEREST INCOME:        
Fees and service charges 1,094 1,331 2,124 2,388
Asset management fees 595 504 1,331 1,108
Net gain on sale of loans held for sale 116 152 433 879
Bank owned life insurance income 141 148 283 297
Other non-interest income (59) 179 (38) 82
Total non-interest income 1,887 2,314 4,133 4,754
NON-INTEREST EXPENSE:        
Salaries and employee benefits 3,867 3,609 7,737 7,402
Occupancy and depreciation 1,190 1,236 2,434 2,470
Data processing 430 292 1,118 606
Amortization of core deposit intangible 9 18 26 37
Advertising and marketing expense 204 269 408 488
FDIC insurance premium 417 394 828 681
State and local taxes 108 137 234 285
Telecommunications 81 116 149 237
Professional fees 315 281 653 702
Real estate owned expenses 492 891 2,104 1,830
Other non-interest expense 534 569 1,199 1,350
Total non-interest expense 7,647 7,812 16,890 16,088
Income (loss) before income taxes 340 1,789 1,997 24
Provision (Benefit) for income taxes (1) 2 16 17
Net Income (Loss) $ 341 $ 1,787 $ 1,981 $ 7
Earnings (loss) per common share:        
Basic earnings $ 0.02 $ 0.08 $ 0.09 $ 0.00
Diluted earnings $ 0.02 $ 0.08 $ 0.09 $ 0.00
Weighted average number of shares outstanding:        
Weighted average number of shares outstanding, Basic 22,364,120 22,339,487 22,361,058 22,336,425
Weighted average number of shares outstanding, Diluted 22,365,460 22,339,487 22,361,941 22,336,425