JUNIOR SUBORDINATED DEBENTURES (Details) - USD ($) $ in Thousands |
12 Months Ended | |
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Mar. 31, 2025 |
Mar. 31, 2024 |
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JUNIOR SUBORDINATED DEBENTURES | ||
Amount Outstanding | $ 27,836 | |
Fair value adjustment | (745) | |
Total Debentures | $ 27,091 | $ 27,004 |
Riverview Bancorp Statutory Trust I | ||
JUNIOR SUBORDINATED DEBENTURES | ||
Issuance Date | Dec. 01, 2005 | |
Amount Outstanding | $ 7,217 | |
Rate Type | Variable | |
Initial Rate | 5.88% | |
Current Rate | 5.92% | |
Maturity Date | 3/2036 | |
Riverview Bancorp Statutory Trust II | ||
JUNIOR SUBORDINATED DEBENTURES | ||
Issuance Date | Jun. 01, 2007 | |
Amount Outstanding | $ 15,464 | |
Rate Type | Variable | |
Initial Rate | 7.03% | |
Current Rate | 5.91% | |
Maturity Date | 9/2037 | |
Merchants Bancorp Statutory Trust I | ||
JUNIOR SUBORDINATED DEBENTURES | ||
Issuance Date | Jun. 01, 2003 | |
Amount Outstanding | $ 5,155 | |
Rate Type | Variable | |
Initial Rate | 4.16% | |
Current Rate | 7.66% | |
Maturity Date | 6/2033 |
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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Description of the interest rate as being fixed or variable, and, if variable, identification of the index or rate on which the interest rate is based and the number of points or percentage added to that index or rate to set the rate, and other pertinent information, such as frequency of rate resets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Date the debt instrument was issued, in YYYY-MM-DD format. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Description of the maturity date of the debt instrument including whether the debt matures serially and, if so, a brief description of the serial maturities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of long-term debt (with maturities initially due after one year or beyond the operating cycle if longer) identified as Junior Subordinated Notes, which have a lower priority than senior instruments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of addition (reduction) to the amount at which a liability could be incurred (settled) in a current transaction between willing parties. No definition available.
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