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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.10 | -2.41% | 4.05 | 4.03 | 4.64 | 4.20 | 4.05 | 4.18 | 14,934 | 21:27:54 |
[X] |
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
[ ] |
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
Washington
|
91-1838969 | |
(State or other jurisdiction of incorporation or organization)
|
(I.R.S. Employer I.D. Number)
|
|
900 Washington St., Ste. 900, Vancouver, Washington | 98660 | |
(Address of principal executive offices) | (Zip Code) | |
Registrant's telephone number, including area code: | (360) 693-6650 |
Part I.
|
Financial Information Page
|
Page
|
|
|
|
Item 1:
|
Financial Statements (Unaudited)
|
|
|
|
|
|
Consolidated Balance Sheets
as of June 30, 2017 and March 31, 2017
|
2
|
Consolidated Statements of Income for the
Three Months Ended June 30, 2017 and 2016
|
3 | |
Consolidated Statements of Comprehensive Income for the
Three Months Ended June 30, 2017 and 2016
|
4 | |
Consolidated Statements of Shareholders' Equity for the
Three Months Ended June 30, 2017 and 2016
|
5 | |
Consolidated Statements of Cash Flows for the
Three Months Ended June 30, 2017 and 2016
|
6 | |
Notes to Consolidated Financial Statements | 7 | |
Item 2: |
Management's Discussion and Analysis of
Financial Condition and Results of Operations
|
24 |
Item 3: | Quantitative and Qualitative Disclosures About Market Risk | 38 |
Item 4: | Controls and Procedures | 38 |
Part II. | Other Information | 39 - 40 |
Item 1: | Legal Proceedings | |
Item 1A: | Risk Factors | |
Item 2: | Unregistered Sales of Equity Securities and Use of Proceeds | |
Item 3: | Defaults Upon Senior Securities | |
Item 4: | Mine Safety Disclosures | |
Item 5: | Other Information | |
Item 6: | Exhibits | |
|
|
|
SIGNATURES | 41 | |
Certifications | ||
Exhibit 31.1
Exhibit 31.2
Exhibit 32
|
RIVERVIEW BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME
FOR THE THREE MONTHS ENDED JUNE 30, 2017 AND 2016
|
||||||||
(In thousands, except share and per share data) (Unaudited)
|
2017
|
2018
|
||||||
INTEREST AND DIVIDEND INCOME:
|
||||||||
Interest and fees on loans receivable
|
$
|
9,789
|
$
|
7,440
|
||||
Interest on investment securities – taxable
|
1,133
|
720
|
||||||
Interest on investment securities – nontaxable
|
14
|
-
|
||||||
Other interest and dividends
|
87
|
102
|
||||||
Total interest and dividend income
|
11,023
|
8,262
|
||||||
INTEREST EXPENSE:
|
||||||||
Interest on deposits
|
322
|
281
|
||||||
Interest on borrowings
|
268
|
158
|
||||||
Total interest expense
|
590
|
439
|
||||||
Net interest income
|
10,433
|
7,823
|
||||||
Provision for loan losses
|
-
|
-
|
||||||
Net interest income after provision for loan losses
|
10,433
|
7,823
|
||||||
NON-INTEREST INCOME:
|
||||||||
Fees and service charges
|
1,407
|
1,323
|
||||||
Asset management fees
|
853
|
822
|
||||||
Net gains on sales of loans held for sale
|
225
|
139
|
||||||
BOLI
|
207
|
191
|
||||||
Other, net
|
46
|
39
|
||||||
Total non-interest income, net
|
2,738
|
2,514
|
||||||
NON-INTEREST EXPENSE:
|
||||||||
Salaries and employee benefits
|
5,422
|
4,640
|
||||||
Occupancy and depreciation
|
1,346
|
1,137
|
||||||
Data processing
|
616
|
495
|
||||||
Amortization of CDI
|
58
|
-
|
||||||
Advertising and marketing
|
234
|
193
|
||||||
FDIC insurance premium
|
145
|
122
|
||||||
State and local taxes
|
154
|
139
|
||||||
Telecommunications
|
104
|
73
|
||||||
Professional fees
|
415
|
258
|
||||||
REO
|
2
|
15
|
||||||
Other
|
678
|
743
|
||||||
Total non-interest expense
|
9,174
|
7,815
|
||||||
INCOME BEFORE INCOME TAXES
|
3,997
|
2,522
|
||||||
PROVISION FOR INCOME TAXES
|
1,343
|
825
|
||||||
NET INCOME
|
$
|
2,654
|
$
|
1,697
|
||||
Earnings per common share:
|
||||||||
Basic
|
$
|
0.12
|
$
|
0.08
|
||||
Diluted
|
0.12
|
0.08
|
||||||
Weighted average number of common shares outstanding:
|
||||||||
Basic
|
22,504,852
|
22,467,861
|
||||||
Diluted
|
22,589,440
|
22,514,235
|
(In thousands) (Unaudited)
|
2017
|
2016
|
||||||
Net income
|
$
|
2,654
|
$
|
1,697
|
||||
Other comprehensive income:
|
||||||||
Net unrealized holding gain from available for sale investment securities
|
||||||||
arising during the period, net of tax of ($217) and ($245), respectively
|
393
|
441
|
||||||
Total comprehensive income, net
|
$
|
3,047
|
$
|
2,138
|
(In thousands, except share data)
|
Common Stock
|
Additional
Paid-In
|
Retained |
Unearned
Shares
Issued to
|
Accumulated
Other
Comprehensive
|
|||||||||||||||||||||||
(Unaudited)
|
Shares
|
Amount
|
Capital
|
Earnings
|
ESOP
|
Income (Loss)
|
Total
|
|||||||||||||||||||||
Balance April 1, 2016
|
22,507,890
|
$
|
225
|
$
|
64,418
|
$
|
42,728
|
$
|
(181
|
)
|
$
|
1,083
|
$
|
108,273
|
||||||||||||||
Net income
|
-
|
-
|
-
|
1,697
|
-
|
-
|
1,697
|
|||||||||||||||||||||
Cash dividend ($0.02 per share)
|
-
|
-
|
-
|
(449
|
)
|
-
|
-
|
(449
|
)
|
|||||||||||||||||||
Earned ESOP shares
|
-
|
-
|
3
|
-
|
26
|
-
|
29
|
|||||||||||||||||||||
Other comprehensive income, net
|
-
|
-
|
-
|
-
|
-
|
441
|
441
|
|||||||||||||||||||||
Balance June 30, 2016
|
22,507,890
|
$
|
225
|
$
|
64,421
|
$
|
43,976
|
$
|
(155
|
)
|
$
|
1,524
|
$
|
109,991
|
||||||||||||||
Balance April 1, 2017
|
22,510,890
|
$
|
225
|
$
|
64,468
|
$
|
48,335
|
$
|
(77
|
)
|
$
|
(1,687
|
)
|
$
|
111,264
|
|||||||||||||
Net income
|
-
|
-
|
-
|
2,654
|
-
|
-
|
2,654
|
|||||||||||||||||||||
Cash dividend ($0.0225 per share)
|
-
|
-
|
-
|
(507
|
)
|
-
|
-
|
(507
|
)
|
|||||||||||||||||||
Exercise of stock options
|
16,511
|
-
|
70
|
-
|
-
|
-
|
70
|
|||||||||||||||||||||
Earned ESOP shares
|
-
|
-
|
18
|
-
|
25
|
-
|
43
|
|||||||||||||||||||||
Other comprehensive income, net
|
-
|
-
|
-
|
-
|
-
|
393
|
393
|
|||||||||||||||||||||
Balance June 30, 2017
|
22,527,401
|
$
|
225
|
$
|
64,556
|
$
|
50,482
|
$
|
(52
|
)
|
$
|
(1,294
|
)
|
$
|
113,917
|
(In thousands) (Unaudited)
|
2017
|
2016
|
||||||
CASH FLOWS FROM OPERATING ACTIVITIES:
|
||||||||
Net income
|
$
|
2,654
|
$
|
1,697
|
||||
Adjustments to reconcile net income to net cash provided by operating activities:
|
||||||||
Depreciation and amortization
|
883
|
911
|
||||||
Provision for deferred income taxes
|
1,342
|
803
|
||||||
Expense related to ESOP
|
43
|
29
|
||||||
Increase in deferred loan origination fees, net of amortization
|
2,955
|
163
|
||||||
Origination of loans held for sale
|
(7,368
|
)
|
(4,118
|
)
|
||||
Proceeds from sales of loans held for sale
|
7,239
|
4,253
|
||||||
Net gains on loans held for sale, sales and transfer of REO, sales of
investment securities and sales of premises and equipment
|
(225
|
)
|
(134
|
)
|
||||
Income from BOLI
|
(207
|
)
|
(191
|
)
|
||||
Changes in certain other assets and liabilities:
|
||||||||
Prepaid expenses and other assets
|
(137
|
)
|
69
|
|||||
Accrued interest receivable
|
(145
|
)
|
(68
|
)
|
||||
Accrued expenses and other liabilities
|
(4,794
|
)
|
(119
|
)
|
||||
Net cash provided by operating activities
|
2,240
|
3,295
|
||||||
CASH FLOWS FROM INVESTING ACTIVITIES:
|
||||||||
Loan originations, net
|
(6,315
|
)
|
(5,265
|
)
|
||||
Purchases of loans receivable
|
(14,789
|
)
|
-
|
|||||
Principal repayments on investment securities available for sale
|
6,498
|
6,275
|
||||||
Purchases of investment securities available for sale
|
(11,030
|
)
|
(21,464
|
)
|
||||
Proceeds from calls, maturities, and sales of investment securities available for sale
|
-
|
2,500
|
||||||
Principal repayments on investment securities held to maturity
|
10
|
3
|
||||||
Purchases of premises and equipment and capitalized software
|
(107
|
)
|
(96
|
)
|
||||
Redemption of certificates of deposit held for investment, net
|
-
|
498
|
||||||
Proceeds from sales of REO and premises and equipment
|
-
|
21
|
||||||
Net cash used in investing activities
|
(25,733
|
)
|
(17,528
|
)
|
||||
CASH FLOWS FROM FINANCING ACTIVITIES:
|
||||||||
Net increase (decrease) in deposits
|
(6,530
|
)
|
9,752
|
|||||
Dividends paid
|
(450
|
)
|
(449
|
)
|
||||
Proceeds from borrowings
|
17,925
|
-
|
||||||
Repayment of borrowings
|
(17,925
|
)
|
-
|
|||||
Principal payments on capital lease obligation
|
(5
|
)
|
(5
|
)
|
||||
Net decrease in advance payments by borrowers
|
(97
|
)
|
(88
|
)
|
||||
Proceeds from exercise of stock options
|
70
|
-
|
||||||
Net cash provided by (used in) financing activities
|
(7,012
|
)
|
9,210
|
|||||
NET DECREASE IN CASH AND CASH EQUIVALENTS
|
(30,505
|
)
|
(5,023
|
)
|
||||
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
|
64,613
|
55,400
|
||||||
CASH AND CASH EQUIVALENTS, END OF PERIOD
|
$
|
34,108
|
$
|
50,377
|
||||
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION:
|
||||||||
Cash paid during the period for:
|
||||||||
Interest
|
$
|
553
|
$
|
395
|
||||
Income taxes
|
1
|
20
|
||||||
NONCASH INVESTING AND FINANCING ACTIVITIES:
|
||||||||
Dividends declared and accrued in other liabilities
|
$
|
507
|
$
|
450
|
||||
Unrealized holding gain from investment securities available for sale
|
610
|
686
|
||||||
Income tax effect related to unrealized holding gain from investment securities available for sale
|
(217
|
)
|
(245
|
)
|
1.
|
BASIS OF PRESENTATION
|
2.
|
PRINCIPLES OF CONSOLIDATION
|
3.
|
BUSINESS COMBINATIONS
|
At February 17, 2017
|
||||||||||||
Book
Value
|
Fair Value
Adjustment
|
Estimated
Fair Value
|
||||||||||
Cash consideration transferred
|
$
|
12,080
|
||||||||||
Recognized amounts of identifiable assets acquired and liabilities assumed
|
||||||||||||
Identifiable assets acquired
|
||||||||||||
Cash and cash equivalents
|
$
|
27,196
|
$
|
-
|
$
|
27,196
|
||||||
Loans receivable
|
115,283
|
(3,258
|
)
|
112,025
|
||||||||
CDI
|
-
|
1,363
|
1,363
|
|||||||||
Premises and equipment
|
1,769
|
399
|
2,168
|
|||||||||
BOLI
|
2,113
|
-
|
2,113
|
|||||||||
Accrued interest receivable and other assets
|
431
|
90
|
521
|
|||||||||
Total identifiable assets acquired
|
146,792
|
(1,406
|
)
|
145,386
|
||||||||
Liabilities assumed
|
||||||||||||
Deposits
|
130,572
|
235
|
130,807
|
|||||||||
Junior subordinated debentures
|
5,155
|
(1,468
|
)
|
3,687
|
||||||||
Accrued expenses and other liabilities
|
293
|
23
|
316
|
|||||||||
Total liabilities assumed
|
136,020
|
(1,210
|
)
|
134,810
|
||||||||
Total identifiable net assets
|
$
|
10,772
|
$
|
(196
|
)
|
10,576
|
||||||
Goodwill recognized
|
$
|
1,504
|
4.
|
STOCK PLANS AND STOCK-BASED COMPENSATION
|
Three Months Ended
June 30, 2017
|
Three Months Ended
June 30, 2016
|
|||||||||||||||
Number of
Shares
|
Weighted
Average
Exercise
Price
|
Number of
Shares
|
Weighted
Average
Exercise
Price
|
|||||||||||||
Balance, beginning of period
|
220,654
|
$
|
4.74
|
223,654
|
$
|
4.73
|
||||||||||
Options exercised
|
(16,511
|
)
|
4.19
|
-
|
-
|
|||||||||||
Expired
|
(5,000
|
)
|
14.52
|
-
|
-
|
|||||||||||
Balance, end of period
|
199,143
|
$
|
4.54
|
223,654
|
$
|
4.73
|
5.
|
EARNINGS PER SHARE
|
Three Months Ended
June 30,
|
||||||||
2017
|
2016
|
|||||||
Basic EPS computation:
|
||||||||
Numerator-net income
|
$
|
2,654,000
|
$
|
1,697,000
|
||||
Denominator-weighted average common shares
outstanding
|
22,504,852
|
22,467,861
|
||||||
Basic EPS
|
$
|
0.12
|
$
|
0.08
|
||||
Diluted EPS computation:
|
||||||||
Numerator-net income
|
$
|
2,654,000
|
$
|
1,697,000
|
||||
Denominator-weighted average common shares
outstanding
|
22,504,852
|
22,467,861
|
||||||
Effect of dilutive stock options
|
84,588
|
46,374
|
||||||
Weighted average common shares and common
|
||||||||
stock equivalents
|
22,589,440
|
22,514,235
|
||||||
Diluted EPS
|
$
|
0.12
|
$
|
0.08
|
6.
|
INVESTMENT SECURITIES
|
Amortized
Cost
|
Gross
Unrealized
Gains
|
Gross
Unrealized
Losses
|
Estimated
Fair Value
|
|||||||||||||
June 30, 2017
|
||||||||||||||||
Available for sale:
|
||||||||||||||||
Municipal securities
|
$
|
6,398
|
$
|
13
|
$
|
(48
|
)
|
$
|
6,363
|
|||||||
Agency securities
|
22,400
|
18
|
(179
|
)
|
22,239
|
|||||||||||
Real estate mortgage investment conduits
(1)
|
41,683
|
64
|
(284
|
)
|
41,463
|
|||||||||||
Residential mortgage-backed securities
(1)
|
93,576
|
115
|
(994
|
)
|
92,697
|
|||||||||||
Other mortgage-backed securities
(2)
|
42,961
|
28
|
(739
|
)
|
42,250
|
|||||||||||
Total available for sale
|
$
|
207,018
|
$
|
238
|
$
|
(2,244
|
)
|
$
|
205,012
|
|||||||
Held to maturity:
|
||||||||||||||||
Residential mortgage-backed securities
(3)
|
$
|
54
|
$
|
1
|
$
|
-
|
$
|
55
|
||||||||
March 31, 2017
|
||||||||||||||||
Available for sale:
|
||||||||||||||||
Municipal securities
|
$
|
2,936
|
$
|
-
|
$
|
(117
|
)
|
$
|
2,819
|
|||||||
Agency securities
|
16,993
|
18
|
(203
|
)
|
16,808
|
|||||||||||
Real estate mortgage investment conduits
(1)
|
43,510
|
49
|
(399
|
)
|
43,160
|
|||||||||||
Residential mortgage-backed securities
(1)
|
97,742
|
111
|
(1,242
|
)
|
96,611
|
|||||||||||
Other mortgage-backed securities
(2)
|
41,649
|
15
|
(848
|
)
|
40,816
|
|||||||||||
Total available for sale
|
$
|
202,830
|
$
|
193
|
$
|
(2,809
|
)
|
$
|
200,214
|
|||||||
Held to maturity:
|
||||||||||||||||
Residential mortgage-backed securities
(3)
|
$
|
64
|
$
|
2
|
$
|
-
|
$
|
66
|
||||||||
(1)
Comprised of Federal Home Loan Mortgage Corporation ("FHLMC"), Federal National Mortgage Association ("FNMA") and Ginnie Mae ("GNMA") issued securities.
|
||||||||||||||||
(2)
Comprised of U.S. Small Business Administration ("SBA") issued securities and commercial real estate ("CRE") secured securities issued by FNMA.
|
||||||||||||||||
(3)
Comprised of FHLMC and FNMA issued securities.
|
Available for Sale
|
Held to Maturity
|
|||||||||||||||
Amortized
Cost
|
Estimated
Fair Value
|
Amortized
Cost
|
Estimated
Fair Value
|
|||||||||||||
Due in one year or less
|
$
|
5,000
|
$
|
4,985
|
$
|
-
|
$
|
-
|
||||||||
Due after one year through five years
|
11,488
|
11,489
|
-
|
-
|
||||||||||||
Due after five years through ten years
|
41,199
|
40,744
|
48
|
49
|
||||||||||||
Due after ten years
|
149,331
|
147,794
|
6
|
6
|
||||||||||||
Total
|
$
|
207,018
|
$
|
205,012
|
$
|
54
|
$
|
55
|
7.
|
LOANS RECEIVABLE
|
June 30, 2017
|
March 31, 2017
|
|||||||
Commercial and construction
|
||||||||
Commercial business
|
$
|
125,732
|
$
|
107,371
|
||||
Commercial real estate
|
451,831
|
447,071
|
||||||
Land
|
15,340
|
15,875
|
||||||
Multi-family
|
46,189
|
43,715
|
||||||
Real estate construction
|
43,186
|
46,157
|
||||||
Total commercial and construction
|
682,278
|
660,189
|
||||||
Consumer
|
||||||||
Real estate one-to-four family
|
91,898
|
92,865
|
||||||
Other installment
(1)
|
23,334
|
26,378
|
||||||
Total consumer
|
115,232
|
119,243
|
||||||
Total loans
|
797,510
|
779,432
|
||||||
Less: Allowance for loan losses
|
10,597
|
10,528
|
||||||
Loans receivable, net
|
$
|
786,913
|
$
|
768,904
|
||||
(1)
Consists primarily of purchased automobile loans totaling $20.5 million and $23.6 million at June 30, 2017 and March 31, 2017, respectively.
|
8.
|
ALLOWANCE FOR LOAN LOSSES
|
Three months ended
June 30, 2017
|
Commercial
Business
|
Commercial Real Estate
|
Land
|
Multi-
Family
|
Real Estate Construction
|
Consumer
|
Unallocated
|
Total
|
||||||||||||||||||||||||
Beginning balance
|
$
|
1,418
|
$
|
5,084
|
$
|
228
|
$
|
297
|
$
|
714
|
$
|
2,099
|
$
|
688
|
$
|
10,528
|
||||||||||||||||
Provision for (recapture
of) loan losses
|
(30
|
)
|
92
|
(146
|
)
|
205
|
(46
|
)
|
(96
|
)
|
21
|
-
|
||||||||||||||||||||
Charge-offs
|
-
|
-
|
-
|
-
|
-
|
(82
|
)
|
-
|
(82
|
)
|
||||||||||||||||||||||
Recoveries
|
3
|
-
|
137
|
-
|
-
|
11
|
-
|
151
|
||||||||||||||||||||||||
Ending balance
|
$
|
1,391
|
$
|
5,176
|
$
|
219
|
$
|
502
|
$
|
668
|
$
|
1,932
|
$
|
709
|
$
|
10,597
|
Three months ended
June 30, 2016
|
||||||||||||||||||||||||||||||||
Beginning balance
|
$
|
1,048
|
$
|
4,273
|
$
|
325
|
$
|
712
|
$
|
416
|
$
|
2,403
|
$
|
708
|
$
|
9,885
|
||||||||||||||||
Provision for (recapture
of) loan losses
|
(150
|
)
|
198
|
(95
|
)
|
(41
|
)
|
149
|
(63
|
)
|
2
|
-
|
||||||||||||||||||||
Charge-offs
|
-
|
-
|
-
|
-
|
-
|
(44
|
)
|
-
|
(44
|
)
|
||||||||||||||||||||||
Recoveries
|
4
|
2
|
82
|
-
|
-
|
31
|
-
|
119
|
||||||||||||||||||||||||
Ending balance
|
$
|
902
|
$
|
4,473
|
$
|
312
|
$
|
671
|
$
|
565
|
$
|
2,327
|
$
|
710
|
$
|
9,960
|
Allowance for Loan Losses
|
Recorded Investment in Loans
|
|||||||||||||||||||||||
June 30, 2017
|
Individually
Evaluated for
Impairment
|
Collectively
Evaluated for
Impairment
|
Total
|
Individually
Evaluated for
Impairment
|
Collectively
Evaluated for
Impairment
|
Total
|
||||||||||||||||||
Commercial business
|
$
|
-
|
$
|
1,391
|
$
|
1,391
|
$
|
1,114
|
$
|
124,618
|
$
|
125,732
|
||||||||||||
Commercial real estate
|
88
|
5,088
|
5,176
|
3,743
|
448,088
|
451,831
|
||||||||||||||||||
Land
|
-
|
219
|
219
|
791
|
14,549
|
15,340
|
||||||||||||||||||
Multi-family
|
-
|
502
|
502
|
1,681
|
44,508
|
46,189
|
||||||||||||||||||
Real estate construction
|
-
|
668
|
668
|
-
|
43,186
|
43,186
|
||||||||||||||||||
Consumer
|
83
|
1,849
|
1,932
|
1,464
|
113,768
|
115,232
|
||||||||||||||||||
Unallocated
|
-
|
709
|
709
|
-
|
-
|
-
|
||||||||||||||||||
Total
|
$
|
171
|
$
|
10,426
|
$
|
10,597
|
$
|
8,793
|
$
|
788,717
|
$
|
797,510
|
March 31, 2017
|
||||||||||||||||||||||||
Commercial business
|
$
|
-
|
$
|
1,418
|
$
|
1,418
|
$
|
294
|
$
|
107,077
|
$
|
107,371
|
||||||||||||
Commercial real estate
|
-
|
5,084
|
5,084
|
7,604
|
439,467
|
447,071
|
||||||||||||||||||
Land
|
-
|
228
|
228
|
801
|
15,074
|
15,875
|
||||||||||||||||||
Multi-family
|
-
|
297
|
297
|
1,692
|
42,023
|
43,715
|
||||||||||||||||||
Real estate construction
|
-
|
714
|
714
|
-
|
46,157
|
46,157
|
||||||||||||||||||
Consumer
|
88
|
2,011
|
2,099
|
1,475
|
117,768
|
119,243
|
||||||||||||||||||
Unallocated
|
-
|
688
|
688
|
-
|
-
|
-
|
||||||||||||||||||
Total
|
$
|
88
|
$
|
10,440
|
$
|
10,528
|
$
|
11,866
|
$
|
767,566
|
$
|
779,432
|
June 30, 2017
|
30-89 Days
Past Due
|
90 Days and
Greater Past
Due
|
Non-accrual
|
Total Past
Due and
Non-
accrual
|
Current
|
Total Loans
Receivable
|
||||||||||||||||||
Commercial business
|
$
|
11
|
$
|
-
|
$
|
292
|
$
|
303
|
$
|
125,429
|
$
|
125,732
|
||||||||||||
Commercial real estate
|
-
|
-
|
1,323
|
1,323
|
450,508
|
451,831
|
||||||||||||||||||
Land
|
-
|
-
|
791
|
791
|
14,549
|
15,340
|
||||||||||||||||||
Multi-family
|
-
|
-
|
-
|
-
|
46,189
|
46,189
|
||||||||||||||||||
Real estate construction
|
-
|
-
|
-
|
-
|
43,186
|
43,186
|
||||||||||||||||||
Consumer
|
189
|
-
|
386
|
575
|
114,657
|
115,232
|
||||||||||||||||||
Total
|
$
|
200
|
$
|
-
|
$
|
2,792
|
$
|
2,992
|
$
|
794,518
|
$
|
797,510
|
March 31, 2017
|
||||||||||||||||||||||||
Commercial business
|
$
|
13
|
$
|
-
|
$
|
294
|
$
|
307
|
$
|
107,064
|
$
|
107,371
|
||||||||||||
Commercial real estate
|
-
|
-
|
1,342
|
1,342
|
445,729
|
447,071
|
||||||||||||||||||
Land
|
-
|
-
|
801
|
801
|
15,074
|
15,875
|
||||||||||||||||||
Multi-family
|
-
|
-
|
-
|
-
|
43,715
|
43,715
|
||||||||||||||||||
Real estate construction
|
-
|
-
|
-
|
-
|
46,157
|
46,157
|
||||||||||||||||||
Consumer
|
228
|
34
|
278
|
540
|
118,703
|
119,243
|
||||||||||||||||||
Total
|
$
|
241
|
$
|
34
|
$
|
2,715
|
$
|
2,990
|
$
|
776,442
|
$
|
779,432
|
June 30, 2017
|
Pass
|
Special
Mention
|
Substandard
|
Doubtful
|
Loss
|
Total Loans
Receivable
|
||||||||||||||||||
Commercial business
|
$
|
120,640
|
$
|
2,480
|
$
|
2,612
|
$
|
-
|
$
|
-
|
$
|
125,732
|
||||||||||||
Commercial real estate
|
437,261
|
9,901
|
4,669
|
-
|
-
|
451,831
|
||||||||||||||||||
Land
|
14,549
|
-
|
791
|
-
|
-
|
15,340
|
||||||||||||||||||
Multi-family
|
45,633
|
544
|
12
|
-
|
-
|
46,189
|
||||||||||||||||||
Real estate construction
|
43,186
|
-
|
-
|
-
|
-
|
43,186
|
||||||||||||||||||
Consumer
|
114,846
|
-
|
386
|
-
|
-
|
115,232
|
||||||||||||||||||
Total
|
$
|
776,115
|
$
|
12,925
|
$
|
8,470
|
$
|
-
|
$
|
-
|
$
|
797,510
|
March 31, 2017
|
||||||||||||||||||||||||
Commercial business
|
$
|
102,113
|
$
|
2,063
|
$
|
3,195
|
$
|
-
|
$
|
-
|
$
|
107,371
|
||||||||||||
Commercial real estate
|
430,923
|
10,426
|
5,722
|
-
|
-
|
447,071
|
||||||||||||||||||
Land
|
15,074
|
-
|
801
|
-
|
-
|
15,875
|
||||||||||||||||||
Multi-family
|
43,156
|
547
|
12
|
-
|
-
|
43,715
|
||||||||||||||||||
Real estate construction
|
46,157
|
-
|
-
|
-
|
-
|
46,157
|
||||||||||||||||||
Consumer
|
118,965
|
-
|
278
|
-
|
-
|
119,243
|
||||||||||||||||||
Total
|
$
|
756,388
|
$
|
13,036
|
$
|
10,008
|
$
|
-
|
$
|
-
|
$
|
779,432
|
June 30, 2017
|
Recorded
Investment with
No Specific
Valuation
Allowance
|
Recorded
Investment
with Specific
Valuation
Allowance
|
Total
Recorded
Investment
|
Unpaid
Principal
Balance
|
Related
Specific
Valuation
Allowance
|
|||||||||||||||
Commercial business
|
$
|
1,114
|
$
|
-
|
$
|
1,114
|
$
|
1,341
|
$
|
-
|
||||||||||
Commercial real estate
|
2,632
|
1,111
|
3,743
|
4,644
|
88
|
|||||||||||||||
Land
|
791
|
-
|
791
|
806
|
-
|
|||||||||||||||
Multi-family
|
1,681
|
-
|
1,681
|
1,810
|
-
|
|||||||||||||||
Consumer
|
303
|
1,161
|
1,464
|
1,584
|
83
|
|||||||||||||||
Total
|
$
|
6,521
|
$
|
2,272
|
$
|
8,793
|
$
|
10,185
|
$
|
171
|
||||||||||
March 31, 2017
|
||||||||||||||||||||
Commercial business
|
$
|
294
|
$
|
-
|
$
|
294
|
$
|
301
|
$
|
-
|
||||||||||
Commercial real estate
|
7,604
|
-
|
7,604
|
8,806
|
-
|
|||||||||||||||
Land
|
801
|
-
|
801
|
807
|
-
|
|||||||||||||||
Multi-family
|
1,692
|
-
|
1,692
|
1,826
|
-
|
|||||||||||||||
Consumer
|
306
|
1,169
|
1,475
|
1,611
|
88
|
|||||||||||||||
Total
|
$
|
10,697
|
$
|
1,169
|
$
|
11,866
|
$
|
13,351
|
$
|
88
|
Three Months ended June 30, 2017
|
Three Months ended June 30, 2016
|
|||||||||||||||
Average
Recorded
Investment
|
Interest
Recognized on
Impaired Loans
|
Average
Recorded
Investment
|
Interest
Recognized on
Impaired Loans
|
|||||||||||||
Commercial business
|
$
|
704
|
$
|
20
|
$
|
191
|
$
|
2
|
||||||||
Commercial real estate
|
5,674
|
30
|
9,649
|
97
|
||||||||||||
Land
|
796
|
-
|
801
|
-
|
||||||||||||
Multi-family
|
1,686
|
23
|
1,726
|
23
|
||||||||||||
Consumer
|
1,470
|
15
|
1,594
|
16
|
||||||||||||
Total
|
$
|
10,330
|
$
|
88
|
$
|
13,961
|
$
|
138
|
June 30, 2017
|
March 31, 2017
|
|||||||||||||||||||||||
Accrual
|
Nonaccrual
|
Total
|
Accrual
|
Nonaccrual
|
Total
|
|||||||||||||||||||
Commercial business
|
$
|
822
|
$
|
292
|
$
|
1,114
|
$
|
-
|
$
|
294
|
$
|
294
|
||||||||||||
Commercial real estate
|
2,420
|
1,323
|
3,743
|
6,262
|
1,342
|
7,604
|
||||||||||||||||||
Land
|
-
|
791
|
791
|
-
|
801
|
801
|
||||||||||||||||||
Multi-family
|
1,681
|
-
|
1,681
|
1,692
|
-
|
1,692
|
||||||||||||||||||
Consumer
|
1,464
|
-
|
1,464
|
1,475
|
-
|
1,475
|
||||||||||||||||||
Total
|
$
|
6,387
|
$
|
2,406
|
$
|
8,793
|
$
|
9,429
|
$
|
2,437
|
$
|
11,866
|
9.
|
GOODWILL
|
For the Three
Months Ended
June 30, 2017
|
For the Year
Ended March 31,
2017
|
|||||||
Net carrying value at beginning of period
|
$
|
27,076
|
$
|
25,572
|
||||
MBank Transaction (see Note 3)
|
-
|
1,504
|
||||||
Net carrying value at the end of period
|
$
|
27,076
|
$
|
27,076
|
10.
|
JUNIOR SUBORDINATED DEBENTURES
|
11.
|
FAIR VALUE MEASUREMENTS
|
|
Estimated Fair Value Measurements Using
|
|||||||||||||||
June 30, 2017
|
Total Estimated
Fair Value
|
Level 1
|
Level 2
|
Level 3
|
||||||||||||
Investment securities available for sale:
|
||||||||||||||||
Municipal securities
|
$
|
6,363
|
$
|
-
|
$
|
6,363
|
$
|
-
|
||||||||
Agency securities
|
22,239
|
-
|
22,239
|
-
|
||||||||||||
Real estate mortgage investment conduits
|
41,463
|
-
|
41,463
|
-
|
||||||||||||
Residential mortgage-backed securities
|
92,697
|
-
|
92,697
|
-
|
||||||||||||
Other mortgage-backed securities
|
42,250
|
-
|
42,250
|
-
|
||||||||||||
Total assets measured at fair value on a recurring basis
|
$
|
205,012
|
$
|
-
|
$
|
205,012
|
$
|
-
|
March 31, 2017
|
||||||||||||||||
Investment securities available for sale:
|
||||||||||||||||
Municipal securities
|
$
|
2,819
|
$
|
-
|
$
|
2,819
|
$
|
-
|
||||||||
Agency securities
|
16,808
|
-
|
16,808
|
-
|
||||||||||||
Real estate mortgage investment conduits
|
43,160
|
-
|
43,160
|
-
|
||||||||||||
Residential mortgage-backed securities
|
96,611
|
-
|
96,611
|
-
|
||||||||||||
Other mortgage-backed securities
|
40,816
|
-
|
40,816
|
-
|
||||||||||||
Total assets measured at fair value on a recurring basis
|
$
|
200,214
|
$
|
-
|
$
|
200,214
|
$
|
-
|
|
Estimated Fair Value Measurements Using
|
|||||||||||||||
June 30, 2017
|
Total Estimated
Fair Value
|
Level 1
|
Level 2
|
Level 3
|
||||||||||||
Impaired loans
|
$ |
|
2,031
|
$ |
|
-
|
$ |
|
-
|
$ |
|
2,031
|
March 31, 2017
|
||||||||||||||||
Impaired loans
|
$ |
|
2,281
|
$ |
|
-
|
$ |
|
-
|
$ |
|
2,281
|
June 30, 2017
|
Carrying
Amount
|
Level 1
|
Level 2
|
Level 3
|
Estimated
Fair Value
|
|||||||||||||||
Assets:
|
||||||||||||||||||||
Cash and cash equivalents
|
$
|
34,108
|
$
|
34,108
|
$
|
-
|
$
|
-
|
$
|
34,108
|
||||||||||
Certificates of deposit held for investment
|
11,042
|
-
|
11,078
|
-
|
11,078
|
|||||||||||||||
Loans held for sale
|
768
|
-
|
768
|
-
|
768
|
|||||||||||||||
Investment securities available for sale
|
205,012
|
-
|
205,012
|
-
|
205,012
|
|||||||||||||||
Investment securities held to maturity
|
54
|
-
|
55
|
-
|
55
|
|||||||||||||||
Loans receivable, net
|
786,913
|
-
|
-
|
760,481
|
760,481
|
|||||||||||||||
FHLB stock
|
1,181
|
-
|
1,181
|
-
|
1,181
|
|||||||||||||||
Liabilities:
|
||||||||||||||||||||
Demand and savings deposits
|
830,824
|
830,824
|
-
|
-
|
830,824
|
|||||||||||||||
Time deposits
|
142,659
|
-
|
141,678
|
-
|
141,678
|
|||||||||||||||
Junior subordinated debentures
|
26,414
|
-
|
-
|
13,787
|
13,787
|
|||||||||||||||
Capital lease obligation
|
2,449
|
-
|
2,449
|
-
|
2,449
|
Carrying
Amount
|
Level 1
|
Level 2
|
Level 3
|
Estimated
Fair Value
|
||||||||||||||||
March 31, 2017
|
||||||||||||||||||||
Assets:
|
||||||||||||||||||||
Cash and cash equivalents
|
$
|
64,613
|
$
|
64,613
|
$
|
-
|
$
|
-
|
$
|
64,613
|
||||||||||
Certificates of deposit held for investment
|
11,042
|
-
|
11,108
|
-
|
11,108
|
|||||||||||||||
Loans held for sale
|
478
|
-
|
478
|
-
|
478
|
|||||||||||||||
Investment securities available for sale
|
200,214
|
-
|
200,214
|
-
|
200,214
|
|||||||||||||||
Investment securities held to maturity
|
64
|
-
|
66
|
-
|
66
|
|||||||||||||||
Loans receivable, net
|
768,904
|
-
|
-
|
731,996
|
731,996
|
|||||||||||||||
FHLB stock
|
1,181
|
-
|
1,181
|
-
|
1,181
|
|||||||||||||||
Liabilities:
|
||||||||||||||||||||
Demand and savings deposits
|
830,258
|
830,258
|
-
|
-
|
830,258
|
|||||||||||||||
Time deposits
|
149,800
|
-
|
148,574
|
-
|
148,574
|
|||||||||||||||
Junior subordinated debentures
|
26,390
|
-
|
-
|
13,284
|
13,284
|
|||||||||||||||
Capital lease obligation
|
2,454
|
-
|
2,454
|
-
|
2,454
|
12.
|
NEW ACCOUNTING PRONOUNCEMENTS
|
13.
|
COMMITMENTS AND CONTINGENCIES
|
Contract or
Notional Amount
|
||||
Commitments to originate loans:
|
||||
Adjustable-rate
|
$
|
24,134
|
||
Fixed-rate
|
13,830
|
|||
Standby letters of credit
|
2,789
|
|||
Undisbursed loan funds and unused lines of credit
|
132,521
|
|||
Total
|
$
|
173,274
|
Commercial
Business
|
Other Real
Estate
Mortgage
|
Real Estate
Construction
|
Commercial &
Construction
Total
|
|||||||||||||
June 30, 2017
|
||||||||||||||||
Commercial business
|
$
|
125,732
|
$
|
-
|
$
|
-
|
$
|
125,732
|
||||||||
Commercial construction
|
-
|
-
|
28,082
|
28,082
|
||||||||||||
Office buildings
|
-
|
130,514
|
-
|
130,514
|
||||||||||||
Warehouse/industrial
|
-
|
77,895
|
-
|
77,895
|
||||||||||||
Retail/shopping centers/strip malls
|
-
|
70,300
|
-
|
70,300
|
||||||||||||
Assisted living facilities
|
-
|
4,580
|
-
|
4,580
|
||||||||||||
Single purpose facilities
|
-
|
168,542
|
-
|
168,542
|
||||||||||||
Land
|
-
|
15,340
|
-
|
15,340
|
||||||||||||
Multi-family
|
-
|
46,189
|
-
|
46,189
|
||||||||||||
One-to-four family construction
|
-
|
-
|
15,104
|
15,104
|
||||||||||||
Total
|
$
|
125,732
|
$
|
513,360
|
$
|
43,186
|
$
|
682,278
|
March 31, 2017
|
||||||||||||||||
Commercial business
|
$
|
107,371
|
$
|
-
|
$
|
-
|
$
|
107,371
|
||||||||
Commercial construction
|
-
|
-
|
27,050
|
27,050
|
||||||||||||
Office buildings
|
-
|
121,983
|
-
|
121,983
|
||||||||||||
Warehouse/industrial
|
-
|
74,671
|
-
|
74,671
|
||||||||||||
Retail/shopping centers/strip malls
|
-
|
78,757
|
-
|
78,757
|
||||||||||||
Assisted living facilities
|
-
|
3,686
|
-
|
3,686
|
||||||||||||
Single purpose facilities
|
-
|
167,974
|
-
|
167,974
|
||||||||||||
Land
|
-
|
15,875
|
-
|
15,875
|
||||||||||||
Multi-family
|
-
|
43,715
|
-
|
43,715
|
||||||||||||
One-to-four family construction
|
-
|
-
|
19,107
|
19,107
|
||||||||||||
Total
|
$
|
107,371
|
$
|
506,661
|
$
|
46,157
|
$
|
660,189
|
Actual
|
For Capital
Adequacy Purposes
|
"Well Capitalized"
Under Prompt
Corrective Action
|
||||||||||||||||||||||
Amount
|
Ratio
|
Amount
|
Ratio
|
Amount
|
Ratio
|
|||||||||||||||||||
June 30, 2017
|
||||||||||||||||||||||||
Total Capital:
|
||||||||||||||||||||||||
(To Risk-Weighted Assets)
|
$
|
116,227
|
14.41
|
%
|
$
|
64,534
|
8.0
|
%
|
$
|
80,668
|
10.0
|
%
|
||||||||||||
Tier 1 Capital:
|
||||||||||||||||||||||||
(To Risk-Weighted Assets)
|
106,132
|
13.16
|
48,401
|
6.0
|
64,534
|
8.0
|
||||||||||||||||||
Common equity tier 1 Capital:
|
||||||||||||||||||||||||
(To Risk-Weighted Assets)
|
106,132
|
13.16
|
36,301
|
4.5
|
52,434
|
6.5
|
||||||||||||||||||
Tier 1 Capital (Leverage):
|
||||||||||||||||||||||||
(To Average Tangible Assets)
|
106,132
|
9.79
|
43,374
|
4.0
|
54,217
|
5.0
|
||||||||||||||||||
Tangible Capital:
|
||||||||||||||||||||||||
(To Average Tangible Assets)
|
106,132
|
9.79
|
16,265
|
1.5
|
N/A
|
N/A
|
Actual
|
For Capital
Adequacy Purposes
|
"Well Capitalized"
Under Prompt
Corrective Action
|
||||||||||||||||||||||
Amount
|
Ratio
|
Amount
|
Ratio
|
Amount
|
Ratio
|
|||||||||||||||||||
March 31, 2017
|
||||||||||||||||||||||||
Total Capital:
|
||||||||||||||||||||||||
(To Risk-Weighted Assets)
|
$
|
112,421
|
14.06
|
%
|
$
|
63,955
|
8.0
|
%
|
$
|
79,944
|
10.0
|
%
|
||||||||||||
Tier 1 Capital:
|
||||||||||||||||||||||||
(To Risk-Weighted Assets)
|
102,411
|
12.81
|
47,966
|
6.0
|
63,955
|
8.0
|
||||||||||||||||||
Common equity tier 1 Capital:
|
||||||||||||||||||||||||
(To Risk-Weighted Assets)
|
102,411
|
12.81
|
35,975
|
4.5
|
51,963
|
6.5
|
||||||||||||||||||
Tier 1 Capital (Leverage):
|
||||||||||||||||||||||||
(To Average Tangible Assets)
|
102,411
|
10.21
|
40,110
|
4.0
|
50,138
|
5.0
|
||||||||||||||||||
Tangible Capital:
|
||||||||||||||||||||||||
(To Average Tangible Assets)
|
102,411
|
10.21
|
15,041
|
1.5
|
N/A
|
N/A
|
June 30, 2017
|
March 31, 2017
|
|||||||||||||||
Number of
Loans
|
Balance
|
Number of
Loans
|
Balance
|
|||||||||||||
Commercial business
|
2
|
$
|
292
|
2
|
$
|
294
|
||||||||||
Commercial real estate
|
2
|
1,323
|
2
|
1,342
|
||||||||||||
Land
|
1
|
791
|
1
|
801
|
||||||||||||
Consumer
|
17
|
386
|
19
|
312
|
||||||||||||
Total
|
22
|
$
|
2,792
|
24
|
$
|
2,749
|
Other
Oregon
|
Southwest
Washington
|
Other
Washington
|
Other
|
Total
|
||||||||||||||||
June 30, 2017
|
||||||||||||||||||||
Commercial business
|
$
|
-
|
$
|
292
|
$
|
-
|
$
|
-
|
$
|
292
|
||||||||||
Commercial real estate
|
1,111
|
212
|
-
|
-
|
1,323
|
|||||||||||||||
Land
|
791
|
-
|
-
|
-
|
791
|
|||||||||||||||
Consumer
|
-
|
277
|
-
|
109
|
386
|
|||||||||||||||
Total nonperforming loans
|
1,902
|
781
|
-
|
109
|
2,792
|
|||||||||||||||
REO
|
-
|
-
|
298
|
-
|
298
|
|||||||||||||||
Total nonperforming assets
|
$
|
1,902
|
$
|
781
|
$
|
298
|
$
|
109
|
$
|
3,090
|
March 31, 2017
|
||||||||||||||||||||
Commercial business
|
$
|
-
|
$
|
294
|
$
|
-
|
$
|
-
|
$
|
294
|
||||||||||
Commercial real estate
|
1,128
|
214
|
-
|
-
|
1,342
|
|||||||||||||||
Land
|
801
|
-
|
-
|
-
|
801
|
|||||||||||||||
Consumer
|
-
|
170
|
-
|
142
|
312
|
|||||||||||||||
Total nonperforming loans
|
1,929
|
678
|
-
|
142
|
2,749
|
|||||||||||||||
REO
|
-
|
-
|
298
|
-
|
298
|
|||||||||||||||
Total nonperforming assets
|
$
|
1,929
|
$
|
678
|
$
|
298
|
$
|
142
|
$
|
3,047
|
Northwest
Oregon
|
Other
Oregon
|
Southwest
Washington
|
Total
|
|||||||||||||
June 30, 2017
|
||||||||||||||||
Land development
|
$
|
1,763
|
$
|
929
|
$
|
12,648
|
$
|
15,340
|
||||||||
Speculative construction
|
947
|
321
|
10,795
|
12,063
|
||||||||||||
Total land development and speculative construction
|
$
|
2,710
|
$
|
1,250
|
$
|
23,443
|
$
|
27,403
|
March 31, 2017
|
||||||||||||||||
Land development
|
$
|
223
|
$
|
2,523
|
$
|
13,129
|
$
|
15,875
|
||||||||
Speculative construction
|
945
|
3
|
14,492
|
15,440
|
||||||||||||
Total land development and speculative construction
|
$
|
1,168
|
$
|
2,526
|
$
|
27,621
|
$
|
31,315
|
June 30, 2017
|
March 31, 2017
|
|||||||||||||||
Number of
Loans
|
Balance
|
Number of
Loans
|
Balance
|
|||||||||||||
Commercial business
|
6
|
$
|
2,320
|
6
|
$
|
2,901
|
||||||||||
Commercial real estate
|
3
|
3,346
|
3
|
4,380
|
||||||||||||
Multi-family
|
1
|
12
|
1
|
12
|
||||||||||||
Total
|
10
|
$
|
5,678
|
10
|
$
|
7,293
|
(a)
|
Exhibits:
|
2.1
|
Purchase and Assumption Agreement among Riverview Community Bank, a federal savings bank, and Riverview Bancorp, Inc. a Washington corporation, and MBank, an Oregon state-chartered commercial bank, and Merchants Bancorp, an Oregon corporation (1)
|
|
3.1
|
Articles of Incorporation of the Registrant (2)
|
|
3.2
|
Bylaws of the Registrant (3)
|
|
4
|
Form of Certificate of Common Stock of the Registrant (2)
|
|
10.1
|
Form of Employment Agreement between the Company and each of Patrick Sheaffer, Ronald A. Wysaske, and Kevin J. Lycklama (4)
|
|
10.2
|
Form of Change in Control Agreement between the Company and the Bank and each of Patrick Sheaffer, Ronald A. Wysaske, and Kevin J. Lycklama (4)
|
|
10.3
|
Form of Employment Agreement between the Company and Chris P. Cline (5)
|
|
10.4
|
Form of Change in Control Agreement between the Company and Chris P. Cline (5)
|
|
10.5
|
Employee Severance Compensation Plan (6)
|
|
10.6
|
Employee Stock Ownership Plan (7)
|
|
10.7
|
1998 Stock Option Plan (8)
|
|
10.8
|
2003 Stock Option Plan (9)
|
|
10.9
|
Form of Incentive Stock Option Award Pursuant to 2003 Stock Option Plan (10)
|
|
10.10
|
Form of Non-qualified Stock Option Award Pursuant to 2003 Stock Option Plan (10)
|
|
10.11
|
Deferred Compensation Plan (11)
|
|
10.12
|
Standstill Agreement, dated August 26, 2015, by and among, Riverview Bancorp, Inc. and Ancora Advisors, LLC, Merlin Partners LP, Ancora Catalyst Fund, Frederick DiSanto, Brian Hopkins, Patrick Sweeney and James M. Chadwick (12)
|
|
11
|
Statement of recomputation of per share earnings (See Note 5 of the Notes to Consolidated Financial Statements contained herein.)
|
|
31.1
|
Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act
|
|
31.2
|
Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act
|
|
32
|
Certification of Chief Executive Officer and Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act
|
|
101
|
The following materials from Riverview Bancorp Inc.'s Quarterly Report on Form 10-Q for the quarter ended June 30, 2017, formatted on Extensible Business Reporting Language (XBRL) (a) Consolidated Balance Sheets; (b) Consolidated Statements of Income; (c) Consolidated Statements of Comprehensive Income; (d) Consolidated Statements of Shareholders' Equity (e) Consolidated Statements of Cash Flows; and (f) Notes to Consolidated Financial Statements
|
(1) |
Filed as an exhibit to the Registrant's Current Report on Form 8-K filed with the SEC on September 29, 2016 and incorporated herein by reference.
|
(2) |
Filed as an exhibit to the Registrant's Registration Statement on Form S-1 (Registration No. 333-30203), and incorporated herein by reference.
|
(3) |
Filed as an exhibit to the Registrant's Current Report on Form 8-K filed with the SEC on August 1, 2017 and incorporated herein by reference.
|
(4) |
Filed as an exhibit to the Registrant's Quarterly Report on Form 10-Q for the quarter ended December 31, 2014, and incorporated herein by reference.
|
(5) |
Filed as an exhibit to the Registrant's Annual Report on Form 10-K for the year ended March 31, 2017, and incorporated herein by reference.
|
(6) |
Filed as an exhibit to the Registrant's Quarterly Report on Form 10-Q for the quarter-ended September 30, 1997, and incorporated herein by reference.
|
(7) |
Filed as an exhibit to the Registrant's Annual Report on Form 10-K for the year ended March 31, 1998, and incorporated herein by reference.
|
(8) |
Filed as an exhibit to the Registrant's Registration Statement on Form S-8 (Registration No. 333-66049), and incorporated herein by reference.
|
(9) |
Filed as an exhibit to the Registrant's Definitive Annual Meeting Proxy Statement (000-22957), filed with the Commission on June 5, 2003, and incorporated herein by reference.
|
(10) |
Filed as an exhibit to the Registrant's Quarterly Report on Form 10-Q for the quarter ended December 31, 2005, and incorporated herein by reference.
|
(11) |
Filed as an exhibit to the Registrant's Annual Report on Form 10-K for the year ended March 31, 2009 and incorporated herein by reference.
|
(12) |
Filed as an exhibit to the Registrant's Current Report on Form 8-K filed with the SEC on August 31, 2015, and incorporated herein by reference.
|
|
RIVERVIEW BANCORP, INC.
|
|
|
By:
/s/ Patrick Sheaffer
|
By:
/s/ David Lam
|
Patrick Sheaffer
|
David Lam
|
Chairman of the Board and
Chief Executive Officer
(Principal Executive Officer)
|
Senior Vice President and
Chief Financial Officer
(Principal Financial Officer)
|
Date: August 8, 2017 | Date: August 8, 2017 |
31.1 |
Certifications of the Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act
|
31.2 |
Certifications of the Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act
|
32 |
Certifications of the Chief Executive Officer and Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act
|
101 |
The following materials from Riverview Bancorp Inc.'s Quarterly Report on Form 10-Q for the quarter ended June 30, 2017, formatted on Extensible Business Reporting Language (XBRL) (a) Consolidated Balance Sheets; (b) Consolidated Statements of Income; (c) Consolidated Statements of Shareholders' Equity (d) Consolidated Statements of Cash Flows; and (e) Notes to Consolidated Financial Statements
|
1 Year Riverview Bancorp Chart |
1 Month Riverview Bancorp Chart |
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