Riverview bancorp inc (RVSB)
Income statement / 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
INTEREST AND DIVIDEND INCOME:
Interest and fees on loans receivable

11,699

11,893

11,514

11,109

11,182

11,119

10,777

9,898

9,978

9,994

9,789

8,655

7,883

7,631

7,440

7,037

7,109

6,789

6,860

6,741

6,498

6,486

6,171

6,034

6,319

6,465

6,605

6,690

7,838

8,468

9,045

9,130

9,669

9,815

10,280

10,239

10,593

10,672

11,193

Interest on investment securities - taxable

851

860

878

1,032

1,110

1,116

1,198

1,235

1,201

1,079

1,133

1,115

946

769

720

-

702

-

-

-

-

98

84

504

75

77

39

54

131

38

53

36

28

36

45

49

28

32

55

Interest on investment securities - nontaxable

27

36

37

36

37

36

37

36

31

14

14

-

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

7

8

7

11

12

12

12

14

14

15

Interest on investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

702

582

-

595

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on mortgage-backed securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

508

480

-

88

52

16

4

6

7

8

10

12

13

16

18

21

23

26

Other interest and dividends

189

93

87

58

60

118

93

75

168

228

87

99

112

130

102

104

110

111

119

97

110

118

131

154

191

170

171

157

160

128

129

127

109

89

75

70

77

48

15

Total interest and dividend income

12,766

12,882

12,516

12,235

12,389

12,389

12,105

11,244

11,378

11,315

11,023

9,883

8,952

8,530

8,262

7,864

7,921

7,602

7,561

7,347

7,203

7,210

6,866

6,536

6,673

6,764

6,831

6,905

8,136

8,648

9,243

9,310

9,829

9,965

10,428

10,388

10,733

10,789

11,304

INTEREST EXPENSE:
Interest on deposits

942

660

351

237

240

259

260

275

298

313

322

314

277

279

281

280

290

300

303

302

322

342

360

436

496

514

527

550

595

699

823

908

1,061

1,158

1,230

1,337

1,567

1,764

1,901

Interest on borrowings

332

503

735

693

416

352

358

312

284

277

268

224

173

163

158

152

144

139

134

132

163

148

147

146

149

150

150

150

157

162

349

387

381

372

368

364

359

375

385

Total interest expense

1,274

1,163

1,086

930

656

611

618

587

582

590

590

538

450

442

439

432

434

439

437

434

485

490

507

582

645

664

677

700

752

861

1,172

1,295

1,442

1,530

1,598

1,701

1,926

2,139

2,286

Net interest income

11,492

11,719

11,430

11,305

11,733

11,778

11,487

10,657

10,796

10,725

10,433

9,345

8,502

8,088

7,823

7,432

7,487

7,163

7,124

6,913

6,718

6,720

6,359

5,954

6,028

6,100

6,154

6,205

7,384

7,787

8,071

8,015

8,387

8,435

8,830

8,687

8,807

8,650

9,018

Provision for loan losses

-

-

-

0

0

250

-200

-

-

-

-

-

0

0

0

-350

0

-300

-500

-750

-400

-350

-300

-

-

-

-

-

-

-

-

-

8,100

2,200

1,550

500

1,600

1,675

1,300

Less provision for (recapture of) loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,200

0

0

-2,500

-3,600

0

500

4,000

-

-

-

-

-

-

-

-

Net interest income after provision for loan losses

11,492

11,719

11,430

11,305

11,733

11,528

11,687

10,657

10,796

10,725

10,433

9,345

8,502

8,088

7,823

7,782

7,487

7,463

7,624

7,663

7,118

7,070

6,659

7,154

6,028

6,100

8,654

-

7,384

7,287

-

-9,485

287

6,235

7,280

8,187

7,207

6,975

7,718

Net interest income after provision (recapture) for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,071

-

-

-

-

-

-

-

-

NON-INTEREST INCOME:
Fees and service charges

-

-

-

-

-

-

-

-

-

-

-

-

1,304

1,188

1,323

1,106

1,312

1,132

1,296

1,057

1,032

1,158

1,070

957

1,177

1,094

1,030

1,083

1,224

1,331

1,057

914

962

1,078

1,042

-

955

1,077

-

Asset management fees

-

-

-

-

-

-

-

-

-

-

-

-

709

727

822

-

830

801

-

-

-

-

-

-

-

-

-

-

-

-

604

-

-

-

-

-

-

-

-

Asset management fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-824

-

-718

-710

-820

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fees and service charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,099

Asset management fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

605

595

736

-

517

504

-

604

568

570

625

-

520

492

521

Net gains on sales of loans held for sale

68

46

96

39

82

44

152

119

140

157

225

163

191

163

139

100

125

79

221

161

154

155

126

58

176

116

317

245

262

152

727

87

29

21

23

-

96

124

-

Gain on sale of loans held for sale, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

119

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

-440

-146

-148

149

-146

-151

-153

-151

150

151

150

150

BOLI death benefit in excess of cash surrender value

-

-

-

-

-

-

-

-

-

-

-

-

-

407

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

110

77

67

50

62

165

40

46

181

44

46

544

-56

-94

39

40

-43

14

11

45

164

6

56

7

290

-59

21

-

-62

179

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-97

-

-

-

-

73

142

207

347

Other non-interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-180

10

63

-

-

-

-

Total non-interest income, net

3,163

3,169

3,176

3,237

2,729

2,840

3,052

2,663

2,890

2,713

2,738

2,586

2,333

2,581

2,514

2,193

2,417

2,216

2,549

2,178

2,264

2,223

2,210

1,850

2,384

1,887

2,246

2,032

2,087

2,314

2,440

1,561

1,530

1,832

1,904

1,739

1,864

2,050

2,236

NON-INTEREST EXPENSE:
Salaries and employee benefits

5,941

5,697

5,715

5,665

5,794

5,283

5,578

5,687

5,383

5,251

5,422

5,335

4,850

4,531

4,640

4,592

4,452

4,236

4,414

4,818

4,472

4,341

4,174

4,059

3,959

3,867

3,870

4,051

3,872

3,609

3,793

3,850

4,014

3,514

4,511

4,601

4,090

4,085

3,940

Occupancy and depreciation

1,461

1,277

1,320

1,318

1,306

1,351

1,359

1,349

1,347

1,412

1,346

1,299

1,158

1,225

1,137

1,204

1,200

1,154

1,169

1,146

1,223

1,322

1,087

1,190

1,187

1,190

1,244

1,259

1,241

1,236

1,234

1,253

1,211

1,166

1,163

1,180

1,208

1,148

1,141

Data processing

637

669

680

593

621

622

631

583

534

580

616

578

562

476

495

430

424

431

490

408

495

434

470

417

523

430

688

379

435

292

314

285

306

542

288

293

274

248

252

Amortization of CDI

40

41

40

46

45

46

46

58

58

58

58

-

-

-

-

-

-

-

-

-

-

-

6

-

7

9

17

17

17

18

19

20

20

20

22

24

23

23

26

Advertising and marketing

181

298

210

160

151

266

192

120

137

256

234

146

163

252

193

136

149

208

176

106

169

203

150

148

170

204

204

153

193

269

219

184

286

283

245

172

187

255

135

FDIC insurance premium

1

0

80

80

85

85

76

87

108

136

145

83

77

74

122

125

127

122

126

129

143

180

175

259

400

417

411

418

433

394

287

288

289

286

273

400

402

417

421

State and local taxes

126

174

195

176

125

182

168

178

96

177

154

154

170

146

139

148

102

123

137

143

162

117

137

122

106

108

126

130

132

137

148

139

150

81

179

136

184

147

171

Telecommunications

84

76

-

-

85

88

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Telecommunications

-

-

86

-

-

-

93

108

102

103

104

93

75

76

73

74

71

74

73

72

73

74

76

77

78

81

68

74

73

116

121

110

109

108

107

111

105

105

107

Professional fees

267

263

325

306

449

387

284

255

250

261

415

562

355

453

258

231

222

218

233

241

302

257

289

295

342

315

338

307

447

281

421

283

334

298

339

352

311

321

326

REO

-

-

-

-

-

-

-

-

-

-

-

-

2

35

15

56

65

167

279

93

99

186

616

363

298

492

1,612

2,882

1,069

891

939

-

-

-

-

-

-

-

-

Litigation settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

475

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate owned expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,781

756

430

634

897

120

166

Other

511

508

543

531

142

605

592

702

543

525

680

668

439

654

743

471

537

551

648

515

508

560

555

563

541

534

665

566

522

569

781

687

692

791

600

663

572

543

580

Total non-interest expense

9,248

9,003

9,194

8,962

8,803

8,915

9,019

9,127

8,558

8,759

9,174

8,918

7,851

8,397

7,815

7,569

7,349

7,284

7,745

7,689

7,646

7,674

7,735

7,460

7,611

7,647

9,243

10,236

8,434

7,812

8,276

8,229

10,192

7,845

8,157

8,566

8,253

7,412

7,265

INCOME BEFORE INCOME TAXES

5,407

5,885

5,412

5,580

5,659

5,453

5,720

4,193

5,128

4,679

3,997

3,013

2,984

2,272

2,522

2,406

2,555

2,395

2,428

2,152

1,736

1,619

1,134

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,544

801

340

1,657

-

1,037

1,789

-

-

-8,375

-

-

-

-

-

-

PROVISION FOR INCOME TAXES

1,279

1,351

1,220

1,373

1,271

1,224

1,278

1,184

3,608

1,620

1,343

979

991

592

825

1,001

849

743

833

634

587

535

394

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,765

-

-

222

1,027

1,360

818

1,613

2,689

Provision (Benefit) for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1

17

-

6

2

15

-

8,220

41

313

-

239

496

924

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

-910,062

-16,595

181,000

714,000

854

579

1,117

1,765

Earnings per common share:
Basic (in dollars per share)

0.18

0.20

0.19

0.18

0.19

0.19

0.20

0.12

0.07

0.14

0.12

0.09

0.09

0.07

0.08

0.06

0.08

0.07

0.07

0.07

0.05

0.05

0.03

0.74

0.04

0.02

0.07

0.07

0.05

0.08

-0.08

-

-

0.01

0.03

-0.01

0.03

0.06

0.16

Diluted (in dollars per share)

0.18

0.20

0.18

0.18

0.19

0.19

0.20

0.12

0.07

0.14

0.12

0.09

0.09

0.07

0.08

0.06

0.08

0.07

0.07

0.07

0.05

0.05

0.03

0.74

0.04

0.02

0.07

0.07

0.05

0.08

-0.08

-

-

0.01

0.03

-0.01

0.03

0.06

0.16

Weighted average number of common shares outstanding:
Basic (in shares)

22,665

22,643

22,619

22,604

22,598

22,579

22,570

22,565

22,537

22,518

22,504

22,480

22,490

22,474

22,467

22,461

22,455

22,449

22,434

22,404

22,394

22,388

22,382

22,376

22,370

22,364

22,357

22,351

22,345

22,339

22,333

-

-

22,314

22,308

22,299

22,296

18,033

10,735

Diluted (in shares)

22,718

22,702

22,685

22,663

22,663

22,658

22,651

22,672

22,622

22,609

22,589

22,585

22,563

22,530

22,514

22,502

22,506

22,490

22,477

22,459

22,439

22,419

22,408

22,380

22,371

22,365

22,358

22,351

22,345

22,339

22,333

-

-

22,314

22,308

22,298

22,297

18,033

10,735

Fees and service charges
Non-interest income

1,661

1,752

1,677

1,972

1,458

1,514

1,755

-

1,451

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset management fees
Non-interest income

1,136

1,090

1,143

987

935

943

926

-

911

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-