Riverview bancorp inc (RVSB)
CashFlow / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

4,128

4,534

4,192

4,207

4,388

4,229

4,442

3,009

1,520

3,059

2,654

2,034

1,993

1,680

1,697

1,405

1,706

1,652

1,595

1,518

1,149

1,084

740

16,641

801

341

1,640

1,595

1,031

1,787

-1,780

-15,957

-910,700

181,000

714,000

854

579

1,117

1,765

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

748

729

767

673

641

716

688

710

729

750

728

664

298

873

911

202

810

2,367

-782

5,677

-987

-661

-746

-568

-488

-418

-424

-466

-493

-1,364

446

-3,442

463

510

456

457

789

336

345

Purchased loans amortization (accretion), net

160

-222

41

-194

56

53

-62

-486

367

-129

-29

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

0

0

250

-200

-

-

-

-

-

-

-

-

-350

0

-300

-500

-750

-400

-350

-300

1,200

0

0

2,500

3,600

0

-8,500

4,000

-41,200

8,100

2,200

1,550

500

1,600

1,675

1,300

Provision (benefit) for deferred income taxes

-

-

-

-

-

-

-

128

-2,674

220

-1,342

-926

-901

-473

-803

-910

-775

-2,323

833

-3,630

582

531

377

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expense related to ESOP

-

-

-

-

-

-

-

0

55

50

43

46

38

30

29

26

29

81

-26

175

-26

-24

-23

-20

-16

-16

-16

-13

-12

-25

8

-110

14

16

18

19

15

11

19

Stock-based compensation expense

68

69

180

10

12

11

11

-

-

-

-

-

-

-

-

-

-

-

-

52

1

-1

-26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39

Increase in deferred loan origination fees, net of amortization

47

14

-110

101

-93

-322

-184

-260

-94

-15

-129

-102

-125

-153

-163

-185

-189

-175

-36

-263

72

40

-39

123

-44

-59

82

-39

-113

-115

-66

-43

15

-36

-12

181

137

-72

-189

Origination of loans held for sale

2,392

2,159

2,627

2,161

2,834

1,405

4,705

3,871

4,465

4,798

7,368

4,319

6,934

5,661

4,118

3,232

3,169

15,421

-6,054

31,121

-5,218

-4,272

-3,640

-2,939

-4,351

-4,633

-12,490

-7,983

-11,611

-6,811

-2,716

-3,058

-1,329

-711

-818

-1,455

-3,479

-3,263

-3,969

Proceeds from sales of loans held for sale

2,742

1,879

3,598

1,276

2,884

1,432

4,987

4,084

4,553

5,328

7,239

5,623

6,364

5,237

4,253

3,200

3,787

16,191

-6,780

32,407

-4,959

-4,830

-3,945

-2,103

-5,896

-4,393

-12,326

-9,896

-10,515

-12,448

3,375

-8,081

944

647

808

1,885

3,349

3,566

3,602

Stock based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

-2

1

-23

6

2

3

-

-

-

-

Writedown of REO

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46

61

127

135

0

75

127

513

449

-62

377

1,292

2,658

804

725

787

934

2,519

574

211

296

582

-28

74

Net gains on sales of loans held for sale, sales of investment securities available for sale and sales of premises and equipment

97

125

91

38

446

46

152

122

221

157

225

244

190

163

134

56

37

412

-184

1,164

-264

-107

-130

-170

-180

-1

-289

-192

-86

-215

-563

-

-

-

-

-62

-160

-292

-261

Net loss (gain) on loans held for sale, sale of real estate owned, mortgage-backed securities, investment securities and premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16

-

-

-

-

Income from BOLI

188

204

193

189

192

174

179

201

207

204

207

194

185

190

191

190

193

190

197

188

196

194

138

972

-136

-141

-142

-142

-146

-446

149

-146

-151

-153

-151

-

-

-

-

Changes in certain other assets and liabilities:
Income from bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,052

-151

-150

-150

Prepaid expenses and other assets

226

-542

-1,459

607

-1,046

1,378

-71

-939

665

349

137

874

-721

285

-69

209

0

446

-416

87

172

605

-703

-276

-137

254

205

271

424

584

1,684

-274

-119

-96

-138

290

3

1,131

480

Accrued interest receivable

-98

-162

70

130

118

93

101

13

353

25

145

-171

425

-31

68

-45

248

-28

70

490

24

-83

-128

-166

-11

92

-4

71

140

126

74

220

24

92

29

-25

146

9

196

Accrued expenses and other liabilities

758

58

-735

-3,338

2,023

5,189

-886

315

-1,851

2,575

-4,794

2,356

2,316

985

-119

191

676

-2,307

722

-3,368

2,993

269

-2,318

-3,416

-205

-45

1,029

1,722

813

-664

-682

-120

162

698

-518

-255

821

747

1,450

Net cash provided by operating activities

5,432

5,693

6,549

-509

7,441

9,000

4,222

5,002

1,812

5,895

-770

5,767

5,672

3,325

3,295

2,870

4,386

1,710

2,112

350

-1,026

2,628

3,610

1,802

2,102

1,038

1,589

2,359

2,276

1,948

4,419

2,923

2,985

3,958

2,136

4,379

4,237

4,815

4,701

CASH FLOWS FROM INVESTING ACTIVITIES:
Loan repayments (originations), net

-3,215

-9,857

8,327

-2,299

14,852

14,652

7,222

3,506

-105

-17,413

2,856

-2,952

13,438

21,352

5,265

14,738

-515

26,022

-9,559

935

12,372

6,114

4,849

-4,681

-9,678

-400

-9,285

-22,670

-23,244

-83,208

26,338

-

-

-

-

-11,960

6,009

10,176

10,988

Purchases of loans receivable

-

-

3,594

-

-

-

7,403

10,818

13,501

3,459

15,238

-

-

-

-

-

-

-

-

319

13,819

0

8,726

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal repayments on investment securities available for sale

-

-

6,863

-

-

-

6,852

7,333

7,381

7,357

6,498

7,101

8,867

7,539

6,275

5,261

5,512

6,020

5,067

-

-

-

-

2,669

113

705

29

7

343

1

6

0

371

0

21

0

177

-1

27

Principal repayments on mortgage-backed securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,550

3,444

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

274

Principal repayments on mortgage-backed securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

153

-

186

201

235

-

-

-

-

Principal repayments on mortgage-backed securities held to maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

3

-

3

14

3

4

35

4

3

6

4

4

5

4

5

4

56

Purchases of investment securities available for sale

-

-

-

-

-

-

-

1

33,469

2,994

11,030

1

70,953

0

21,464

0

26,711

0

33,968

0

50,199

0

2,000

85,066

1,010

7,438

8,000

-

-

-

-

-

-

-

-

0

-5,000

0

-5,000

Loan (originations) repayments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,795

-6,329

-6,789

-

-

-

-

Proceeds from sale of loans held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

31,394

-

-

-

-

-

-

-

-

Proceeds from calls, maturities and sales of investment securities available for sale

18,122

0

3,000

0

5,000

0

5,000

-

-

-

-

1,761

0

3,000

2,500

-

-

-

-

1,500

16,705

2,000

4,000

-

-

-

-

-

-

-

-

-

-

-

-

0

5,000

0

4,990

Principal repayments on investment securities held to maturity

2

2

2

1

2

2

2

2

2

8

10

3

2

3

3

2

3

3

3

-

-

-

-

-

-

-

-

0

0

487

6

0

6

0

7

-1

7

-1

6

Proceeds from sale of mortgage-backed securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

353

120

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of premises and equipment and capitalized software

749

517

82

742

110

13

181

389

231

26

107

389

23

90

96

85

115

43

123

97

85

80

202

97

200

172

366

421

302

2,598

-1,180

4,052

-177

-1,149

-148

15,831

-2,190

-14,804

-147

Redemption of certificates of deposit held for investment

-

-

-

0

3,237

987

996

-

-

-

-

249

3,984

996

498

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of FHLB stock, net

-

-

14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of mortgage-backed securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,419

22,780

-

17,764

11,917

6,094

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of certificates of deposit held for investment, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,224

-498

-

-5,727

-1,494

-2,490

-249

-746

-4,732

-1,983

-

-

-

-

54,391

-18,871

-4,972

-3,975

-

-

-

-

Purchases of FHLB stock, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72

0

0

-4,936

-196

-204

-209

-211

-214

-65

-66

-65

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures on real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

414

0

0

-207

0

-20

-24

-5

Redemption of certificates of deposit held for investment, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

498

-

-

-

-

-

-

-

-

Proceeds from sales of real estate owned ("REO") and premises and equipment

-

-

-

1

649

28

298

-

-

-

-

-1

241

1

21

9

374

282

88

101

1,662

2,404

1,326

-286

3,528

1,137

2,968

2,537

2,259

1,194

2,108

3,630

3,070

1,646

929

1,601

747

1,494

1,486

Net cash provided by (used in) investing activities

1,420

16,453

-2,152

-3,033

-5,329

-14,951

-1,658

-5,563

-36,840

19,544

-22,723

21,753

-70,913

-9,903

-17,528

-8,631

-32,554

-15,536

-13,940

6,586

3,690

-29,448

-27,083

-57,414

-8,839

-12,120

-7

24,477

23,429

31,285

59,326

-2,625

-22,206

-10,599

-9,922

-8,750

4,827

-3,180

12,675

CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in deposits

8,192

60,005

-2,788

-18,501

-38,683

-62

-13,322

23,500

-18,053

16,854

-6,530

8,882

1,489

49,347

9,752

32,238

-9,431

34,535

1,611

31,520

-13,305

15,994

-3,425

795

16,465

13,311

-4,311

-18,988

-16,433

-6,665

-38,563

9,409

5,787

-13,600

26,329

-

-

-

-

Dividends paid

1,022

1,019

904

904

792

790

677

678

506

506

450

451

450

449

449

393

336

279

253

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in deposit accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,781

-21,279

2,455

27,525

Proceeds from borrowings

0

83,950

130,947

160,701

106,515

3,580

56,160

36,305

1,750

0

17,925

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,250

0

42,400

78,800

Repayment of borrowings

0

140,891

130,592

138,658

71,972

3,580

56,160

37,355

700

0

17,925

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,250

0

-70,400

-83,800

Net decrease in advance payments by borrowers for taxes and insurance

-788

428

58

439

-858

470

-57

377

-660

324

-97

405

-549

316

-88

353

-456

297

-80

296

-445

279

-102

274

-293

249

-788

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on finance lease liability

-

-

8

-

-

-

7

6

6

6

5

5

5

6

5

4

5

11

22

22

21

21

21

20

20

19

20

18

19

54

-18

90

-13

-12

-11

-11

-11

-10

-11

Proceeds from exercise of stock options

10

165

52

-

-

-

-

80

63

32

70

-

-

-

-

0

0

0

62

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in advance payments by borrowers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-195

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

6,383

2,630

-3,235

3,098

-5,798

-237

-14,063

22,223

-18,112

16,698

-7,012

8,831

496

49,208

9,210

32,194

-11,730

34,542

1,318

29,742

-11,671

16,252

-3,548

1,049

15,540

13,541

-5,119

-18,501

-16,992

-6,228

-38,776

9,782

5,386

-13,221

26,044

20,223

-21,669

-6,374

22,281

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

1,162

-

-

-

-11,499

21,662

-53,140

42,137

-30,505

36,351

-64,745

42,630

-5,023

26,433

-39,898

20,716

-10,510

36,678

-9,007

-10,568

-27,021

-54,563

8,803

2,459

-3,537

8,335

8,713

27,005

24,969

10,080

-13,835

-19,862

18,258

15,852

-12,605

-4,739

39,657

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest

1,204

1,137

1,065

875

628

610

573

536

538

549

553

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

-

408

391

395

390

391

394

395

409

4,327

340

381

439

497

508

530

542

604

709

834

919

1,084

1,171

1,226

1,345

1,598

1,806

1,939

Income taxes

-

-

-

1,814

472

3,786

805

1

1,109

2,169

1

55

90

120

20

40

99

85

15

0

0

0

15

2

16

0

13

-

-

-

-

-

-

-

-

132

250

1

4

NONCASH INVESTING AND FINANCING ACTIVITIES:
Dividends declared and accrued in other liabilities

115

5

1,018

0

113

1

790

-1

170

1

507

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of loans to REO

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

708

0

752

52

549

1,852

2,118

1,812

481

883

4,221

8,490

3,854

1,787

427

775

-

-

-

-

Other comprehensive income

-501

935

2,810

2,183

2,861

-1,331

-962

-3,099

-1,396

295

610

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized holding loss from investment securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,228

896

-1,157

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other comprehensive loss

-

-

-

-

-

-

-

-

-

-

-

-

-4,928

-414

686

-

-

-

-

-

646

-248

907

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of real estate owned to loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

978

667

0

214

-

12,150

6,132

2,996

Fair value adjustment to securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-226

668

70

-

-

-

-

-27

-10

199

210

-

-288

-35

-59

Transfer of real estate owned to loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,104

-

-

-

-

-

-

-

-

Income tax effect related to other comprehensive income

119

-223

-675

-495

-673

313

226

697

495

-104

-217

-128

1,750

148

-245

-714

436

-318

393

-281

-219

84

-308

-15

77

-227

-24

-5

-89

4

9

9

3

-67

-71

-

-

-

-

Right-of-use lease assets obtained in exchange for operating lease liabilities

-

-

5,603

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax effect related to fair value adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20