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RIVERVIEW BANCORP, INC. (PARENT COMPANY ONLY) (Tables)
12 Months Ended
Mar. 31, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule of condensed balance sheet
(In thousands)
 
2018
   
2017
 
ASSETS
           
Cash and cash equivalents
 
$
6,479
   
$
5,188
 
Investment in the Bank
   
136,497
     
129,947
 
Other assets
   
1,166
     
3,022
 
TOTAL ASSETS
 
$
144,142
   
$
138,157
 
 
LIABILITIES AND SHAREHOLDERS' EQUITY
               
Accrued expenses and other liabilities
 
$
80
   
$
53
 
Dividend payable
   
677
     
450
 
Borrowings
   
26,484
     
26,390
 
Shareholders' equity
   
116,901
     
111,264
 
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
 
$
144,142
   
$
138,157
 
Schedule of condensed income statement
(In thousands)
 
2018
   
2017
   
2016
 
 
INCOME:
                 
Interest on investment securities and other short-term investments
 
$
26
   
$
21
   
$
12
 
Interest on loan receivable from the Bank
   
6
     
15
     
24
 
Total income
   
32
     
36
     
36
 
 
EXPENSE:
                       
Management service fees paid to the Bank
   
143
     
143
     
143
 
Other expenses
   
1,020
     
587
     
443
 
Total expense
   
1,163
     
730
     
586
 
LOSS BEFORE INCOME TAXES AND EQUITY
                       
IN UNDISTRIBUTED INCOME OF THE BANK
   
(1,131
)
   
(694
)
   
(550
)
BENEFIT FOR INCOME TAXES
   
(513
)
   
(235
)
   
(187
)
LOSS OF PARENT COMPANY
   
(618
)
   
(459
)
   
(363
)
EQUITY IN UNDISTRIBUTED INCOME OF THE BANK
   
10,860
     
7,863
     
6,721
 
NET INCOME
 
$
10,242
   
$
7,404
   
$
6,358
 
Schedule of condensed cash flow statement
(In thousands)
 
2018
   
2017
   
2016
 
 
CASH FLOWS FROM OPERATING ACTIVITIES:
                 
Net income
 
$
10,242
   
$
7,404
   
$
6,358
 
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
                       
Equity in undistributed income of the Bank
   
(10,860
)
   
(7,863
)
   
(6,721
)
Amortization
   
94
     
22
     
-
 
Provision for deferred income taxes
   
174
     
666
     
721
 
Earned ESOP shares
   
148
     
143
     
110
 
Changes in assets and liabilities:
                       
Other assets
   
1,770
     
(1,031
)
   
(941
)
Accrued expenses and other liabilities
   
(132
)
   
(19
)
   
(1
)
Net cash provided by (used in) operating activities
   
1,436
     
(678
)
   
(474
)
 
CASH FLOWS FROM INVESTING ACTIVITIES:
                       
Proceeds from assumption of junior subordinated debt (see Note 3)
   
-
     
3,687
     
-
 
Dividend from the Bank
   
1,750
     
2,500
     
-
 
Net cash provided by investing activities
   
1,750
     
6,187
     
-
 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
                       
Dividends paid
   
(2,140
)
   
(1,799
)
   
(1,261
)
Proceeds from exercise of stock options
   
245
     
11
     
62
 
Net cash used in financing activities
   
(1,895
)
   
(1,788
)
   
(1,199
)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
   
1,291
     
3,721
     
(1,673
)
 
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR
   
5,188
     
1,467
     
3,140
 
 
CASH AND CASH EQUIVALENTS, END OF YEAR
 
$
6,479
   
$
5,188
   
$
1,467
 
Schedule of quarterly financial information
(Dollars in thousands, except share data)
 
Three Months Ended
 
   
March 31
   
December 31
   
September 30
   
June 30
 
Fiscal 2018:
                       
Interest and dividend income
 
$
11,244
   
$
11,378
   
$
11,315
   
$
11,023
 
Interest expense
   
587
     
582
     
590
     
590
 
Net interest income
   
10,657
     
10,796
     
10,725
     
10,433
 
Provision for loan losses
   
-
     
-
     
-
     
-
 
Non-interest income, net
   
2,663
     
2,890
     
2,713
     
2,738
 
Non-interest expense
   
9,127
     
8,558
     
8,759
     
9,174
 
Income before income taxes
   
4,193
     
5,128
     
4,679
     
3,997
 
Provision for income taxes
   
1,184
     
3,608
     
1,620
     
1,343
 
 
Net income
 
$
3,009
   
$
1,520
   
$
3,059
   
$
2,654
 
 
Basic earnings per share (1)
 
$
0.13
   
$
0.07
   
$
0.14
   
$
0.12
 
 
Diluted earnings per share (1)
 
$
0.13
   
$
0.07
   
$
0.14
   
$
0.12
 
Fiscal 2017:
                               
Interest and dividend income
 
$
9,883
   
$
8,952
   
$
8,530
   
$
8,262
 
Interest expense
   
538
     
450
     
442
     
439
 
Net interest income
   
9,345
     
8,502
     
8,088
     
7,823
 
Provision for loan losses
   
-
     
-
     
-
     
-
 
Non-interest income, net
   
2,586
     
2,333
     
2,581
     
2,514
 
Non-interest expense
   
8,918
     
7,851
     
8,397
     
7,815
 
Income before income taxes
   
3,013
     
2,984
     
2,272
     
2,522
 
Provision for income taxes
   
979
     
991
     
592
     
825
 
 
Net income
 
$
2,034
   
$
1,993
   
$
1,680
   
$
1,697
 
 
Basic earnings per share (1)
 
$
0.09
   
$
0.09
   
$
0.07
   
$
0.08
 
 
Diluted earnings per share (1)
 
$
0.09
   
$
0.09
   
$
0.07
   
$
0.08
 
 
                 (1)  Quarterly earnings per share may vary from annual earnings per share due to rounding.