v3.25.1
RIVERVIEW BANCORP, INC. (PARENT COMPANY ONLY) - STATEMENTS OF INCOME (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
INCOME:                      
Total interest and dividend income $ 14,494 $ 15,127 $ 14,942 $ 14,399 $ 14,291 $ 14,272 $ 14,035 $ 13,957 $ 58,962 $ 56,555 $ 55,666
EXPENSE:                      
Total non-interest expense 11,438 11,154 10,701 10,969 13,109 10,551 10,089 9,978 44,262 43,727 39,371
INCOME BEFORE INCOME TAXES 1,462 1,575 1,982 1,219 (4,063) 1,829 3,169 3,666 6,238 4,601 23,679
BENEFIT FOR INCOME TAXES 314 343 425 253 (1,095) 377 697 823 1,335 802 5,610
NET INCOME $ 1,148 $ 1,232 $ 1,557 $ 966 $ (2,968) $ 1,452 $ 2,472 $ 2,843 4,903 3,799 18,069
Parent company member                      
INCOME:                      
Interest on investment securities and other short-term investments                 129 262 129
Total interest and dividend income                 129 262 129
EXPENSE:                      
Management service fees paid to the Bank                 143 143 143
Other expenses                 2,095 2,180 1,424
Total non-interest expense                 2,238 2,323 1,567
INCOME BEFORE INCOME TAXES                 (2,109) (2,062) (1,438)
BENEFIT FOR INCOME TAXES                 (443) (433) (303)
NET INCOME                 (1,666) (1,629) (1,135)
EQUITY IN UNDISTRIBUTED INCOME OF THE BANK                 6,569 5,428 19,204
NET INCOME                 $ 4,903 $ 3,799 $ 18,069