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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Riverview Bancorp Inc | NASDAQ:RVSB | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.08 | 1.65 | 6.01 | 0 | 09:09:57 |
Washington
|
000-22957
|
91-1838969
|
(State or other jurisdiction
of incorporation)
|
(Commission
File Number)
|
(I.R.S. Employer
Identification No.)
|
900 Washington Street, Suite 900, Vancouver, Washington
|
98660
|
(Address of principal executive offices)
|
(Zip Code)
|
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.
|
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
|
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
|
RIVERVIEW BANCORP, INC. | |
|
|
Date: January 29, 2015 | /s/ Kevin J. Lycklama |
Kevin J. Lycklama
|
|
Chief Financial Officer
(Principal Financial Officer)
|
![]() |
![]() |
Contacts: Pat Sheaffer, Ron Wysaske or Kevin Lycklama,
Riverview Bancorp, Inc. 360-693-6650
|
·
|
Third quarter net income was $1.1 million, or $0.05 per diluted share.
|
·
|
Net loans increased to $567.4 million compared to $505.6 million a year ago (12.2% increase).
|
·
|
Classified assets decreased $2.3 million during the quarter to $22.9 million (9.3% decline).
|
·
|
Nonperforming assets decreased $6.1 million during the quarter to $9.3 million (39.6% decline).
|
·
|
Real estate owned balances decreased to $1.6 million.
|
·
|
Riverview Asset Management Corporation’s assets under management increased $12.9 million during the quarter to $376.7 million.
|
·
|
Total risk-based capital ratio was 15.59% and Tier 1 leverage ratio was 10.72%.
|
(Dollars in thousands)
|
December 31, 2014
|
September 30, 2014
|
December 31, 2013
|
March 31, 2014
|
||||||||||||
Shareholders' equity
|
$ | 101,912 | $ | 100,311 | $ | 81,264 | $ | 97,978 | ||||||||
Goodwill
|
25,572 | 25,572 | 25,572 | 25,572 | ||||||||||||
Other intangible assets, net
|
401 | 400 | 419 | 395 | ||||||||||||
Tangible shareholders' equity
|
$ | 75,939 | $ | 74,339 | $ | 55,273 | $ | 72,011 | ||||||||
Total assets
|
$ | 828,435 | $ | 841,540 | $ | 804,949 | $ | 824,521 | ||||||||
Goodwill
|
25,572 | 25,572 | 25,572 | 25,572 | ||||||||||||
Other intangible assets, net
|
401 | 400 | 419 | 395 | ||||||||||||
Tangible assets
|
$ | 802,462 | $ | 815,568 | $ | 778,958 | $ | 798,554 |
RIVERVIEW BANCORP, INC. AND SUBSIDIARY
|
||||||||||||||||
Consolidated Balance Sheets
|
||||||||||||||||
(In thousands, except share data) (Unaudited)
|
December 31, 2014
|
September 30, 2014
|
December 31, 2013
|
March 31, 2014
|
||||||||||||
ASSETS
|
||||||||||||||||
Cash (including interest-earning accounts of $5,872, $17,417, $110,104
|
$ | 21,981 | $ | 30,988 | $ | 123,140 | $ | 68,577 | ||||||||
and $51,715)
|
||||||||||||||||
Certificate of deposits
|
27,214 | 32,941 | 37,174 | 36,925 | ||||||||||||
Loans held for sale
|
724 | 353 | 148 | 1,024 | ||||||||||||
Investment securities available for sale, at fair value
|
17,150 | 19,571 | 19,794 | 23,394 | ||||||||||||
Mortgage-backed securities held to maturity, at amortized
|
88 | 90 | 104 | 101 | ||||||||||||
Mortgage-backed securities available for sale, at fair value
|
101,216 | 120,740 | 34,529 | 78,575 | ||||||||||||
Loans receivable (net of allowance for loan losses of $11,701, $12,001
|
||||||||||||||||
$14,048, and $12,551)
|
567,398 | 540,786 | 505,632 | 520,937 | ||||||||||||
Real estate and other pers. property owned
|
1,604 | 3,705 | 11,951 | 7,703 | ||||||||||||
Prepaid expenses and other assets
|
3,041 | 3,243 | 3,268 | 3,197 | ||||||||||||
Accrued interest receivable
|
2,024 | 2,047 | 1,670 | 1,836 | ||||||||||||
Federal Home Loan Bank stock, at cost
|
6,120 | 6,324 | 6,958 | 6,744 | ||||||||||||
Premises and equipment, net
|
15,683 | 15,955 | 16,685 | 16,417 | ||||||||||||
Deferred income taxes, net
|
13,500 | 14,301 | 348 | 15,433 | ||||||||||||
Mortgage servicing rights, net
|
393 | 386 | 386 | 369 | ||||||||||||
Goodwill
|
25,572 | 25,572 | 25,572 | 25,572 | ||||||||||||
Core deposit intangible, net
|
8 | 14 | 33 | 26 | ||||||||||||
Bank owned life insurance
|
24,719 | 24,524 | 17,557 | 17,691 | ||||||||||||
TOTAL ASSETS
|
$ | 828,435 | $ | 841,540 | $ | 804,949 | $ | 824,521 | ||||||||
LIABILITIES AND EQUITY
|
||||||||||||||||
LIABILITIES:
|
||||||||||||||||
Deposit accounts
|
$ | 689,330 | $ | 702,635 | $ | 689,271 | $ | 690,066 | ||||||||
Accrued expenses and other liabilities
|
9,397 | 12,445 | 8,707 | 10,497 | ||||||||||||
Advance payments by borrowers for taxes and insurance
|
199 | 644 | 193 | 467 | ||||||||||||
Federal Home Loan Bank advances
|
2,100 | - | - | - | ||||||||||||
Junior subordinated debentures
|
22,681 | 22,681 | 22,681 | 22,681 | ||||||||||||
Capital lease obligation
|
2,298 | 2,319 | 2,381 | 2,361 | ||||||||||||
Total liabilities
|
726,005 | 740,724 | 723,233 | 726,072 | ||||||||||||
EQUITY:
|
||||||||||||||||
Shareholders' equity
|
||||||||||||||||
Serial preferred stock, $.01 par value; 250,000 authorized,
|
||||||||||||||||
issued and outstanding, none
|
- | - | - | - | ||||||||||||
Common stock, $.01 par value; 50,000,000 authorized,
|
||||||||||||||||
December 31, 2014 - 22,471,890 issued and outstanding;
|
||||||||||||||||
September 30, 2014 - 22,471,890 issued and outstanding;
|
225 | 225 | 225 | 225 | ||||||||||||
December 31, 2013 - 22,471,890 issued and outstanding;
|
||||||||||||||||
March 31, 2014 – 22,471,890 issued and outstanding;
|
||||||||||||||||
Additional paid-in capital
|
65,217 | 65,217 | 65,176 | 65,195 | ||||||||||||
Retained earnings
|
36,565 | 35,416 | 16,951 | 33,592 | ||||||||||||
Unearned shares issued to employee stock ownership trust
|
(310 | ) | (335 | ) | (413 | ) | (387 | ) | ||||||||
Accumulated other comprehensive loss
|
215 | (212 | ) | (675 | ) | (647 | ) | |||||||||
Total shareholders’ equity
|
101,912 | 100,311 | 81,264 | 97,978 | ||||||||||||
Noncontrolling interest
|
518 | 505 | 452 | 471 | ||||||||||||
Total equity
|
102,430 | 100,816 | 81,716 | 98,449 | ||||||||||||
TOTAL LIABILITIES AND EQUITY
|
$ | 828,435 | $ | 841,540 | $ | 804,949 | $ | 824,521 |
RIVERVIEW BANCORP, INC. AND SUBSIDIARY
|
||||||||||||||||||||
Consolidated Statements of Income
|
||||||||||||||||||||
Three Months Ended
|
Nine Months Ended
|
|||||||||||||||||||
(In thousands, except share data) (Unaudited)
|
Dec. 31, 2014
|
Sept. 30, 2014
|
Dec. 31, 2013
|
Dec. 31, 2014
|
Dec. 31, 2013
|
|||||||||||||||
INTEREST INCOME:
|
||||||||||||||||||||
Interest and fees on loans receivable
|
$ | 6,498 | $ | 6,486 | $ | 6,319 | $ | 19,155 | $ | 19,389 | ||||||||||
Interest on investment securities-taxable
|
75 | 98 | 75 | 257 | 191 | |||||||||||||||
Interest on mortgage-backed securities
|
520 | 508 | 88 | 1,508 | 156 | |||||||||||||||
Other interest and dividends
|
110 | 118 | 191 | 359 | 532 | |||||||||||||||
Total interest income
|
7,203 | 7,210 | 6,673 | 21,279 | 20,268 | |||||||||||||||
INTEREST EXPENSE:
|
||||||||||||||||||||
Interest on deposits
|
322 | 342 | 496 | 1,024 | 1,537 | |||||||||||||||
Interest on borrowings
|
163 | 148 | 149 | 458 | 449 | |||||||||||||||
Total interest expense
|
485 | 490 | 645 | 1,482 | 1,986 | |||||||||||||||
Net interest income
|
6,718 | 6,720 | 6,028 | 19,797 | 18,282 | |||||||||||||||
Recapture of loan losses
|
(400 | ) | (350 | ) | - | (1,050 | ) | (2,500 | ) | |||||||||||
Net interest income after recapture of loan losses
|
7,118 | 7,070 | 6,028 | 20,847 | 20,782 | |||||||||||||||
NON-INTEREST INCOME:
|
||||||||||||||||||||
Fees and service charges
|
1,032 | 1,158 | 1,177 | 3,260 | 3,301 | |||||||||||||||
Asset management fees
|
718 | 710 | 605 | 2,248 | 1,936 | |||||||||||||||
Gain on sale of loans held for sale
|
154 | 155 | 176 | 435 | 609 | |||||||||||||||
Bank owned life insurance income
|
196 | 194 | 136 | 528 | 419 | |||||||||||||||
Other
|
164 | 6 | 290 | 226 | 252 | |||||||||||||||
Total non-interest income
|
2,264 | 2,223 | 2,384 | 6,697 | 6,517 | |||||||||||||||
NON-INTEREST EXPENSE:
|
||||||||||||||||||||
Salaries and employee benefits
|
4,472 | 4,341 | 3,959 | 12,987 | 11,696 | |||||||||||||||
Occupancy and depreciation
|
1,223 | 1,322 | 1,187 | 3,632 | 3,621 | |||||||||||||||
Data processing
|
495 | 434 | 523 | 1,399 | 1,641 | |||||||||||||||
Amortization of core deposit intangible
|
6 | 6 | 7 | 18 | 33 | |||||||||||||||
Advertising and marketing expense
|
169 | 203 | 170 | 522 | 578 | |||||||||||||||
FDIC insurance premium
|
143 | 180 | 400 | 498 | 1,228 | |||||||||||||||
State and local taxes
|
162 | 117 | 106 | 416 | 340 | |||||||||||||||
Telecommunications
|
73 | 74 | 78 | 223 | 227 | |||||||||||||||
Professional fees
|
302 | 257 | 342 | 848 | 995 | |||||||||||||||
Real estate owned expenses
|
99 | 186 | 298 | 901 | 2,402 | |||||||||||||||
Other
|
502 | 554 | 541 | 1,611 | 1,740 | |||||||||||||||
Total non-interest expense
|
7,646 | 7,674 | 7,611 | 23,055 | 24,501 | |||||||||||||||
INCOME BEFORE INCOME TAXES
|
1,736 | 1,619 | 801 | 4,489 | 2,798 | |||||||||||||||
PROVISION FOR INCOME TAXES
|
587 | 535 | - | 1,516 | 16 | |||||||||||||||
NET INCOME
|
$ | 1,149 | $ | 1,084 | $ | 801 | $ | 2,973 | $ | 2,782 | ||||||||||
Earnings per common share:
|
||||||||||||||||||||
Basic
|
$ | 0.05 | $ | 0.05 | $ | 0.04 | $ | 0.13 | $ | 0.12 | ||||||||||
Diluted
|
$ | 0.05 | $ | 0.05 | $ | 0.04 | $ | 0.13 | $ | 0.12 | ||||||||||
Weighted average number of shares outstanding:
|
||||||||||||||||||||
Basic
|
22,394,910 | 22,388,753 | 22,370,277 | 22,388,775 | 22,364,142 | |||||||||||||||
Diluted
|
22,439,195 | 22,419,469 | 22,371,914 | 22,421,330 | 22,365,224 |
(Dollars in thousands)
|
At or for the three months ended
|
At or for the nine months ended
|
||||||||||||||||||
Dec. 31, 2014
|
Sept. 30, 2014
|
Dec. 31, 2013
|
Dec. 31, 2014
|
Dec. 31, 2013
|
||||||||||||||||
AVERAGE BALANCES
|
||||||||||||||||||||
Average interest–earning assets
|
$ | 744,351 | $ | 737,759 | $ | 727,943 | $ | 739,951 | $ | 716,374 | ||||||||||
Average interest-bearing liabilities
|
573,417 | 577,658 | 581,327 | 576,670 | 574,879 | |||||||||||||||
Net average earning assets
|
170,934 | 160,101 | 146,616 | 163,281 | 141,495 | |||||||||||||||
Average loans
|
554,376 | 551,543 | 516,864 | 548,041 | 524,569 | |||||||||||||||
Average deposits
|
693,695 | 693,998 | 680,167 | 689,964 | 669,419 | |||||||||||||||
Average equity
|
102,327 | 101,026 | 82,665 | 101,021 | 81,528 | |||||||||||||||
Average tangible equity
|
76,358 | 75,055 | 56,667 | 75,053 | 55,514 |
ASSET QUALITY
|
Dec. 31, 2014
|
Sept. 30, 2014
|
Dec. 31, 2013
|
|||
Non-performing loans
|
7,729
|
11,742
|
13,377
|
|||
Non-performing loans to total loans
|
1.33%
|
2.12%
|
2.57%
|
|||
Real estate/repossessed assets owned
|
1,604
|
3,705
|
11,951
|
|||
Non-performing assets
|
9,333
|
15,447
|
25,328
|
|||
Non-performing assets to total assets
|
1.13%
|
1.84%
|
3.15%
|
|||
Net loan charge-offs (recoveries) in the quarter
|
(100)
|
(70)
|
(352)
|
|||
Net charge-offs (recoveries) in the quarter/average net loans
|
(0.07)%
|
(0.05)%
|
(0.27)%
|
|||
Allowance for loan losses
|
11,701
|
12,001
|
14,048
|
|||
Average interest-earning assets to average
|
||||||
interest-bearing liabilities
|
129.81%
|
127.72%
|
125.22%
|
|||
Allowance for loan losses to
|
||||||
non-performing loans
|
151.39%
|
102.21%
|
105.02%
|
|||
Allowance for loan losses to total loans
|
2.02%
|
2.17%
|
2.70%
|
|||
Shareholders’ equity to assets
|
12.30%
|
11.92%
|
10.10%
|
CAPITAL RATIOS
|
||||||
Total capital (to risk weighted assets)
|
15.59%
|
16.78%
|
16.76%
|
|||
Tier 1 capital (to risk weighted assets)
|
14.33%
|
15.52%
|
15.49%
|
|||
Tier 1 capital (to leverage assets)
|
10.72%
|
10.97%
|
10.42%
|
|||
Tangible common equity (to tangible assets)
|
9.46%
|
9.11%
|
7.10%
|
DEPOSIT MIX
|
Dec. 31, 2014
|
Sept. 30, 2014
|
Dec. 31, 2013
|
March 31, 2014
|
||||||||||||
Interest checking
|
$ | 107,701 | $ | 107,288 | $ | 99,374 | $ | 104,543 | ||||||||
Regular savings
|
74,111 | 71,667 | 63,230 | 66,702 | ||||||||||||
Money market deposit accounts
|
222,300 | 229,520 | 233,581 | 227,933 | ||||||||||||
Non-interest checking
|
144,189 | 145,114 | 123,630 | 128,635 | ||||||||||||
Certificates of deposit
|
141,029 | 149,046 | 169,456 | 162,253 | ||||||||||||
Total deposits
|
$ | 689,330 | $ | 702,635 | $ | 689,271 | $ | 690,066 |
COMPOSITION OF COMMERCIAL AND CONSTRUCTION LOANS
|
||||||||||||||||
Commercial
|
Commercial
|
|||||||||||||||
Real Estate
|
Real Estate
|
& Construction
|
||||||||||||||
Commercial
|
Mortgage
|
Construction
|
Total
|
|||||||||||||
December 31, 2014
|
(Dollars in thousands)
|
|||||||||||||||
Commercial
|
$ | 82,284 | $ | - | $ | - | $ | 82,284 | ||||||||
Commercial construction
|
- | - | 26,051 | 26,051 | ||||||||||||
Office buildings
|
- | 81,882 | - | 81,882 | ||||||||||||
Warehouse/industrial
|
- | 45,089 | - | 45,089 | ||||||||||||
Retail/shopping centers/strip malls
|
- | 60,472 | - | 60,472 | ||||||||||||
Assisted living facilities
|
- | 1,855 | - | 1,855 | ||||||||||||
Single purpose facilities
|
- | 101,117 | - | 101,117 | ||||||||||||
Land
|
- | 15,062 | - | 15,062 | ||||||||||||
Multi-family
|
- | 31,553 | - | 31,553 | ||||||||||||
One-to-four family
|
- | - | 3,148 | 3,148 | ||||||||||||
Total
|
$ | 82,284 | $ | 337,030 | $ | 29,199 | $ | 448,513 | ||||||||
March 31, 2014
|
||||||||||||||||
Commercial
|
$ | 71,632 | $ | - | $ | - | $ | 71,632 | ||||||||
Commercial construction
|
- | - | 15,618 | 15,618 | ||||||||||||
Office buildings
|
- | 77,476 | - | 77,476 | ||||||||||||
Warehouse/industrial
|
- | 45,632 | - | 45,632 | ||||||||||||
Retail/shopping centers/strip malls
|
- | 63,049 | - | 63,049 | ||||||||||||
Assisted living facilities
|
- | 7,585 | - | 7,585 | ||||||||||||
Single purpose facilities
|
- | 93,766 | - | 93,766 | ||||||||||||
Land
|
- | 16,245 | - | 16,245 | ||||||||||||
Multi-family
|
- | 21,128 | - | 21,128 | ||||||||||||
One-to-four family
|
- | - | 3,864 | 3,864 | ||||||||||||
Total
|
$ | 71,632 | $ | 324,881 | $ | 19,482 | $ | 415,995 | ||||||||
LOAN MIX
|
Dec. 31, 2014
|
Sept. 30, 2014
|
Dec. 31, 2013
|
March 31, 2014
|
||||||||||||
(Dollars in thousands)
|
||||||||||||||||
Commercial and construction
|
||||||||||||||||
Commercial
|
$ | 82,284 | $ | 80,930 | $ | 69,659 | $ | 71,632 | ||||||||
Other real estate mortgage
|
337,030 | 329,056 | 332,373 | 324,881 | ||||||||||||
Real estate construction
|
29,199 | 18,843 | 15,041 | 19,482 | ||||||||||||
Total commercial and construction
|
448,513 | 428,829 | 417,073 | 415,995 | ||||||||||||
Consumer
|
||||||||||||||||
Real estate one-to-four family
|
90,865 | 94,536 | 93,026 | 93,007 | ||||||||||||
Other installment
|
39,721 | 29,422 | 9,581 | 24,486 | ||||||||||||
Total consumer
|
130,586 | 123,958 | 102,607 | 117,493 | ||||||||||||
Total loans
|
579,099 | 552,787 | 519,680 | 533,488 | ||||||||||||
Less:
|
||||||||||||||||
Allowance for loan losses
|
11,701 | 12,001 | 14,048 | 12,551 | ||||||||||||
Loans receivable, net
|
$ | 567,398 | $ | 540,786 | $ | 505,632 | $ | 520,937 |
DETAIL OF NON-PERFORMING ASSETS
|
||||||||||||||||||||||||
Northwest
|
Other
|
Southwest
|
Other
|
|||||||||||||||||||||
Oregon
|
Oregon
|
Washington
|
Washington
|
Other
|
Total
|
|||||||||||||||||||
December 31, 2014
|
(dollars in thousands)
|
|||||||||||||||||||||||
Non-performing assets
|
||||||||||||||||||||||||
Commercial
|
$ | - | $ | - | $ | - | $ | - | $ | 96 | $ | 96 | ||||||||||||
Commercial real estate
|
2,077 | - | 926 | - | - | 3,003 | ||||||||||||||||||
Land
|
- | 800 | - | - | - | 800 | ||||||||||||||||||
Multi-family
|
- | 1,933 | 357 | - | - | 2,290 | ||||||||||||||||||
Consumer
|
443 | - | 783 | 270 | 44 | 1,540 | ||||||||||||||||||
Total non-performing loans
|
2,520 | 2,733 | 2,066 | 270 | 140 | 7,729 | ||||||||||||||||||
REO
|
374 | - | 1,185 | 45 | - | 1,604 | ||||||||||||||||||
Total non-performing assets
|
$ | 2,894 | $ | 2,733 | $ | 3,251 | $ | 315 | $ | 140 | $ | 9,333 |
DETAIL OF SPEC CONSTRUCTION AND LAND DEVELOPMENT LOANS
|
||||||||||||||||||||
Northwest
|
Other
|
Southwest
|
Other
|
|||||||||||||||||
Oregon
|
Oregon
|
Washington
|
Washington
|
Total
|
||||||||||||||||
December 31, 2014
|
(dollars in thousands)
|
|||||||||||||||||||
Land and Spec Construction Loans
|
||||||||||||||||||||
Land Development Loans
|
$ | 111 | $ | 2,924 | $ | 12,027 | $ | - | $ | 15,062 | ||||||||||
Spec Construction Loans
|
- | - | 2,190 | 204 | 2,394 | |||||||||||||||
Total Land and Spec Construction
|
$ | 111 | $ | 2,924 | $ | 14,217 | $ | 204 | $ | 17,456 |
At or for the three months ended
|
At or for the nine months ended
|
|||||||||||||||||||
SELECTED OPERATING DATA
|
Dec. 31, 2014
|
Sept. 30, 2014
|
Dec. 31, 2013
|
Dec. 31, 2014
|
Dec. 31, 2013
|
|||||||||||||||
Efficiency ratio (4)
|
85.13 | % | 85.81 | % | 90.48 | % | 87.02 | % | 98.80 | % | ||||||||||
Coverage ratio (6)
|
87.86 | % | 87.57 | % | 79.20 | % | 85.87 | % | 74.62 | % | ||||||||||
Return on average assets (1)
|
0.55 | % | 0.52 | % | 0.40 | % | 0.48 | % | 0.47 | % | ||||||||||
Return on average equity (1)
|
4.45 | % | 4.26 | % | 3.84 | % | 3.91 | % | 4.53 | % | ||||||||||
NET INTEREST SPREAD
|
||||||||||||||||||||
Yield on loans
|
4.65 | % | 4.67 | % | 4.85 | % | 4.64 | % | 4.91 | % | ||||||||||
Yield on investment securities
|
1.73 | % | 1.97 | % | 1.46 | % | 1.87 | % | 1.50 | % | ||||||||||
Total yield on interest earning assets
|
3.84 | % | 3.88 | % | 3.64 | % | 3.82 | % | 3.76 | % | ||||||||||
Cost of interest bearing deposits
|
0.23 | % | 0.25 | % | 0.35 | % | 0.25 | % | 0.37 | % | ||||||||||
Cost of FHLB advances and other borrowings
|
2.48 | % | 2.34 | % | 2.36 | % | 2.39 | % | 2.37 | % | ||||||||||
Total cost of interest bearing liabilities
|
0.34 | % | 0.34 | % | 0.44 | % | 0.34 | % | 0.46 | % | ||||||||||
Spread (7)
|
3.50 | % | 3.54 | % | 3.20 | % | 3.48 | % | 3.30 | % | ||||||||||
Net interest margin
|
3.58 | % | 3.61 | % | 3.29 | % | 3.55 | % | 3.39 | % | ||||||||||
PER SHARE DATA
|
||||||||||||||||||||
Basic earnings per share (2)
|
$ | 0.05 | $ | 0.05 | $ | 0.04 | $ | 0.13 | $ | 0.12 | ||||||||||
Diluted earnings per share (3)
|
$ | 0.05 | $ | 0.05 | $ | 0.04 | $ | 0.13 | $ | 0.12 | ||||||||||
Book value per share (5)
|
4.54 | 4.46 | 3.62 | 4.54 | 3.62 | |||||||||||||||
Tangible book value per share (5)
|
3.38 | 3.31 | 2.46 | 3.38 | 2.46 | |||||||||||||||
Market price per share:
|
||||||||||||||||||||
High for the period
|
$ | 4.49 | $ | 3.99 | $ | 2.98 | $ | 4.49 | $ | 2.98 | ||||||||||
Low for the period
|
3.84 | 3.67 | 2.51 | 3.38 | 2.27 | |||||||||||||||
Close for period end
|
4.48 | 3.99 | 2.90 | 4.48 | 2.90 | |||||||||||||||
Cash dividends declared per share
|
- | - | - | - | - | |||||||||||||||
Average number of shares outstanding:
|
||||||||||||||||||||
Basic (2)
|
22,394,910 | 22,388,753 | 22,370,277 | 22,388,775 | 22,364,142 | |||||||||||||||
Diluted (3)
|
22,439,195 | 22,419,469 | 22,371,914 | 22,421,330 | 22,365,224 |
(1)
|
Amounts for the quarterly periods are annualized.
|
(2)
|
Amounts exclude ESOP shares not committed to be released.
|
(3)
|
Amounts exclude ESOP shares not committed to be released and include common stock equivalents.
|
(4)
|
Non-interest expense divided by net interest income and non-interest income.
|
(5)
|
Amounts calculated based on shareholders’ equity and include ESOP shares not committed to be released.
|
(6)
|
Net interest income divided by non-interest expense.
|
(7)
|
Yield on interest-earning assets less cost of funds on interest-bearing liabilities.
|
1 Year Riverview Bancorp Chart |
1 Month Riverview Bancorp Chart |
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