Riverview Bancorp (RVSB) 10-K 14 Jun 16 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Mar. 31, 2016	May 31, 2016	Sep. 30, 2015
Document and Entity Information:
Entity Registrant Name	RIVERVIEW BANCORP INC
Document Type	10-K
Document Period End Date	Mar. 31, 2016
Trading Symbol	rvsb
Amendment Flag	false
Entity Central Index Key	1,041,368
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding		22,507,890
Entity Public Float			$ 106,912,478
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY

RIVERVIEW BANCORP, INC. AND SUB

RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Mar. 31, 2016		Mar. 31, 2015
ASSETS
Cash and cash equivalents, including interest-earning accounts		$ 55,400	[1]	$ 58,659	[2]
Certificates of deposits held for investment		16,769		25,969
Loans held for sale		503		778
Investment securities, available for sale, at estimated fair value		150,690		112,463
Investment securities, held to maturity, at amortized cost		75	[3]	86	[4]
Loans receivable, net		614,934	[5]	569,010	[6]
Real estate owned		595		1,603
Prepaid expenses and other assets		3,405		3,238
Accrued interest receivable		2,384		2,139
Federal Home Loan Bank stock, at cost		1,060		5,924
Premises and equipment, net		14,595		15,434
Deferred income taxes, net		9,189		12,568
Mortgage servicing rights, net		380		399
Goodwill		25,572		25,572
Bank owned life insurance		25,678		24,908
TOTAL ASSETS		921,229		858,750
LIABILITIES:
Deposit accounts		779,803		720,850
Accrued expenses and other liabilities		7,388		8,111
Advance payments by borrowers for taxes and insurance		609		495
Junior subordinated debentures		22,681		22,681
Capital lease obligations		2,475		2,276
Total liabilities		$ 812,956		$ 754,413
COMMITMENTS AND CONTINGENCIES	[7]
Shareholders' equity attributable to Parent
Serial preferred stock	[8]
Common Stock		$ 225	[9]	$ 225	[10]
Additional paid-in capital		64,418		65,268
Retained earnings		42,728		37,830
Unearned shares issued to employee stock ownership trust		(181)		(284)
Accumulated other comprehensive income (loss)		1,083		762
Total shareholders' equity		108,273		103,801
Shareholders' Equity attributable to non-controlling interest				536
Total Shareholders' Equity, including portion attributable to non-controlling interest		108,273		104,337
TOTAL LIABILITIES AND EQUITY		$ 921,229		$ 858,750
[1]	Including interest-earning accounts of $40,317.
[2]	Including interest-earning accounts of $45,490.
[3]	Estimated fair value of $76.
[4]	Estimated fair value of $88.
[5]	Net of allowance for loan losses of $9,885.
[6]	Net of allowance for loan losses of $10,762.
[7]	See Note 17.
[8]	Serial preferred stock, $.01 par value; 250,000 authorized, none issued and outstanding.
[9]	Common stock, $.01 par value; 50,000,000 authorized, 22,507,890 issued and outstanding.
[10]	Common stock, $.01 par value; 50,000,000 authorized, 22,489,890 issued and outstanding.

RIVERVIEW BANCORP, INC. AND SU3

RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
Statement of Financial Position
Interest-Earning accounts included in Cash	$ 40,317	$ 45,490
Estimated Fair Value of Investment securities held to maturity	76	88
Loans receivable Allowance for Loan Losses	$ 9,885	$ 10,762
Serial preferred stock par value per share	$ 0.01	$ 0.01
Serial preferred stock shares authorized	250,000	250,000
Serial preferred stock shares issued	0	0
Serial preferred stock shares outstanding	0	0
Common stock par value per share	$ 0.01	$ 0.01
Common stock shares authorized	50,000,000	50,000,000
Common stock shares issued	22,507,890	22,489,890
Common stock shares outstanding	22,507,890	22,489,890

RIVERVIEW BANCORP, INC. AND SU4

RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
INTEREST AND DIVIDEND INCOME:
Interest and fees on loans receivable	$ 27,795	$ 25,896	$ 25,423
Interest on investment securities	2,709	2,274	695
Other interest and dividends	444	456	686
Total interest and dividend income	30,948	28,626	26,804
INTEREST EXPENSE:
Interest on deposits	1,173	1,326	1,973
Interest on borrowings	569	590	595
Total interest expense	1,742	1,916	2,568
Net interest income	29,206	26,710	24,236
Less provision for (recapture of) loan losses	(1,150)	(1,800)	(3,700)
Net interest income after provision for (recapture of) loan losses	30,356	28,510	27,936
NON-INTEREST INCOME:
Fees and service charges	4,846	4,317	4,258
Asset management fees	3,212	2,975	2,630
Net gains on sales of loans held for sale	525	596	667
Income from bank owned life insurance	770	716	553
Other non-interest income, net	22	271	259
Total non-interest income, net	9,375	8,875	8,367
NON-INTEREST EXPENSE:
Salaries and employee benefits	17,694	17,805	15,755
Occupancy and depreciation	4,727	4,778	4,811
Data processing	1,775	1,807	2,058
Advertising and marketing expense	669	628	726
FDIC insurance premium	500	627	1,487
State and local taxes	510	559	462
Telecommunications	292	295	304
Professional fees	904	1,089	1,290
Real estate owned expenses	567	994	2,765
Other non-interest expense	2,309	2,162	2,303
Total non-interest expense	29,947	30,744	31,961
Income (loss) before income taxes	9,784	6,641	4,342
Provision (Benefit) for income taxes	3,426	2,150	(15,081)
Net Income (Loss)	$ 6,358	$ 4,491	$ 19,423
Earnings (loss) per common share:
Basic earnings	$ 0.28	$ 0.20	$ 0.87
Diluted earnings	$ 0.28	$ 0.20	$ 0.87
Weighted average number of shares outstanding:
Weighted average number of shares outstanding, Basic	22,450,252	22,392,744	22,367,174
Weighted average number of shares outstanding, Diluted	22,494,151	22,431,839	22,369,175

RIVERVIEW BANCORP, INC. AND SU5

RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016		Mar. 31, 2015		Mar. 31, 2014
Statements of Comprehensive Income
Net Income (Loss)	$ 6,358		$ 4,491		$ 19,423
Other comprehensive income (loss):
Unrealized holding gain (loss) from available for sale investment securities arising during the period, net	$ 321	[1]	1,513	[2]	$ 366	[3]
Reclassification adjustment of net gain from sale of available for sale investment securities included in income, net		[4]	(104)	[5]		[4]
Other comprehensive income, attributable to parent	$ 321		1,409		$ 366
Other comprehensive income (loss) attributable to non-controlling interest	47		65		81
Total comprehensive income (loss)	$ 6,726		$ 5,965		$ 19,870
[1]	Net of tax of ($203).
[2]	Net of tax of ($778).
[3]	Net of tax of ($189).
[4]	Net of tax of $0.
[5]	Net of tax of $54.

RIVERVIEW BANCORP, INC. AND SU6

RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Statements of Comprehensive Income
Tax effect of unrealized holding gain (loss) on securities	$ 203	$ 778	$ 189
Tax effect of reclassification adjustment of net gain from sale of available for sale securities	$ 0	$ 54	$ 0

RIVERVIEW BANCORP, INC. AND SU7

RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands		Common Stock	Additional Paid-In Capital	Retained Earnings	Unearned Shares Issued to Employee Stock Ownership Trust	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest	Total
Balance, Value at Mar. 31, 2013		$ 225	$ 65,551	$ 14,169	$ (490)	$ (1,013)	$ 603	$ 79,045
Balance, Shares at Mar. 31, 2013		22,471,890
Net Income (Loss)				19,423				19,423
Purchase of subsidiary shares from noncontrolling interest			(399)				(213)	(612)
Stock based compensation expense			78					78
Earned ESOP shares			(35)		103			68
Unrealized holding gain (loss) on investment securities available for sale						366		366
Noncontrolling interest							81	81
Balance, Value at Mar. 31, 2014		$ 225	$ 65,195	33,592	$ (387)	$ (647)	$ 471	98,449
Balance, Shares at Mar. 31, 2014		22,471,890
Net Income (Loss)				4,491				4,491
Cash dividend on common stock	[1]			(253)				(253)
Exercise of stock options, Value			$ 48					$ 48
Exercise of stock options, Shares		18,000						18,000
Stock based compensation expense			26					$ 26
Earned ESOP shares			(1)		$ 103			102
Unrealized holding gain (loss) on investment securities available for sale						$ 1,409		1,409
Noncontrolling interest							$ 65	65
Balance, Value at Mar. 31, 2015		$ 225	$ 65,268	37,830	$ (284)	$ 762	$ 536	104,337
Balance, Shares at Mar. 31, 2015		22,489,890
Net Income (Loss)				6,358				6,358
Cash dividend on common stock	[2]			(1,460)				(1,460)
Exercise of stock options, Value			$ 62					$ 62
Exercise of stock options, Shares		18,000						18,000
Purchase of subsidiary shares from noncontrolling interest			(919)				$ (583)	$ (1,502)
Earned ESOP shares			7		$ 103			110
Unrealized holding gain (loss) on investment securities available for sale						$ 321		321
Noncontrolling interest							$ 47	47
Balance, Value at Mar. 31, 2016		$ 225	$ 64,418	$ 42,728	$ (181)	$ 1,083		$ 108,273
Balance, Shares at Mar. 31, 2016		22,507,890
[1]	Cash dividend ($0.01125 per share).
[2]	Cash dividend ($0.065 per share).

RIVERVIEW BANCORP, INC. AND SU8

RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	$ 6,358	$ 4,491	$ 19,423
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	3,294	3,283	1,898
Provision for (recapture of) loan losses	(1,150)	(1,800)	(3,700)
Provision (benefit) for deferred income taxes	3,175	2,140	(15,100)
Expense related to ESOP	110	102	68
Increase (decrease) in deferred loan origination fees, net of amortization	585	190	102
Origination of loans held for sale	(15,768)	(17,991)	(24,413)
Proceeds from sales of loans held for sale	16,398	18,673	24,718
Stock based compensation expense		26	78
Writedown of real estate owned	369	715	2,056
Net (gain) loss on loans held for sale, sales and transfer of real estate owned, sales of investment securities and sales of premises and equipment	(321)	(663)	(640)
Income from bank owned life insurance	770	716	553
Changes in assets and liabilities:
Prepaid expenses and other assets	(239)	(161)	46
Accrued interest receivable	(245)	(303)	(89)
Accrued expenses & other liabilities	(718)	(2,424)	2,637
Net cash provided by (used in) operating activities	11,078	5,562	6,531
CASH FLOWS FROM INVESTING ACTIVITIES:
Loan repayments (originations), net	(30,686)	(24,270)	24,044
Purchase of loans receivable	(15,618)	(22,864)	(22,082)
Principal repayments on investment securities available for sale	21,860	18,553	3,516
Purchase of investment securities available for sale	(60,679)	(52,199)	(101,514)
Proceeds from call, maturity, or sale of investment securities available for sale		24,205	3,000
Principal repayments on investment securities held to maturity	11	15	24
Purchase of premises and equipment and capitalized software	(366)	(464)	(835)
Redemption (purchase) of certificates of deposit held for investment, net	9,200	10,956	7,710
Proceeds from redemption of Federal Home Loan Bank stock	4,864	820	410
Purchase of Bank owned life insurance		(6,500)
Proceeds from sale of real estate owned and premises and equipment	753	5,493	7,347
Net cash provided by (used in) investing activities	(70,661)	(46,255)	(78,380)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in deposit accounts	58,953	30,784	26,260
Purchase of subsidiary shares from noncontrolling interest	(1,502)		(612)
Dividends paid	(1,261)
Proceeds from borrowings	4,100	25,450	3,000
Repayment of borrowings	(4,100)	(25,450)	(3,000)
Principal payments under capital lease obligation	(42)	(85)	(79)
Net increase (decrease) in advance payments by borrowers	114	28	(558)
Proceeds from exercise of stock options	62	48
Net cash provided by (used in) financing activities	56,324	30,775	25,011
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(3,259)	(9,918)	(46,838)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	58,659	68,577	115,415
CASH AND CASH EQUIVALENTS, END OF PERIOD	55,400	58,659	68,577
Cash paid during the period for:
Interest	1,570	5,457	1,974
Income taxes	239	15	31
NONCASH INVESTING AND FINANCING ACTIVITIES:
Dividends declared and accrued in other liabilities	452	253
Transfer of loans to real estate owned	298	1,512	6,331
Transfer of real estate owned to loans		1,333	4,946
Adjustment to capital lease obligations and premises and equipment due to lease modification	241
Unrealized holding gain from investment securities available for sale	524	2,133	555
Income tax effect related to unrealized holding gain from investment securities available for sale	$ (203)	$ (724)	$ (189)

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Mar. 31, 2016
Notes
Summary of Significant Accounting Policies	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The Company has also established two subsidiary grantor trusts in connection with the issuance of trust preferred securities (see Note 10). In accordance with accounting principles generally accepted in the United States of America (“generally accepted accounting principles” or “GAAP”), the accounts and transactions of the trusts are not included in the accompanying consolidated financial statements. Nature of Operations Business segments Use of Estimates in the Preparation of Financial Statements Cash and Cash Equivalents Certificates of Deposit Held for Investment – Certificates of deposit held for investment include amounts invested with financial institutions for a stated interest rate and maturity date. Early withdraw penalties apply; however, the Company plans to hold these investments to maturity. Loans Held for Sale Gains or losses on sales of loans held for sale are recognized at the time of sale and are determined by the difference between the net sales proceeds and the allocated basis of these loans sold. The Company capitalizes mortgage servicing rights (“MSRs”) acquired through the sale of originated mortgage loans or the securitization of mortgage loans with servicing rights retained. Upon sale of mortgage loans held for sale, the total cost of the loans designated for sale is allocated to mortgage loans with and without MSRs based on their relative fair values. The MSRs are included as a component of gain on sale of loans. The MSRs are amortized in proportion to and over the estimated period of the net servicing income and such amortization is reflected as a component of loan servicing income and is included in the consolidated statements of income under other non-interest income. Investment Securities The Company analyzes investment securities for other than temporary impairment (“OTTI”) on a quarterly basis. OTTI is separated into a credit component and noncredit component. Credit component losses are reported in non-interest income when the present value of expected future cash flows is less than the amortized cost. Noncredit component losses are recorded in other comprehensive income (loss) when the Company (1) does not intend to sell the security or (2) is not more likely than not to have to sell the security prior to the security’s anticipated recovery. If the Company is likely to sell an investment security, any noncredit component losses are recognized, as of the sale date, and are reported in non-interest income. Loans Receivable Loans are reviewed regularly and it is the Company’s general policy that a loan is past due when it is 30 days to 89 days delinquent. In general, when a loan is 90 days delinquent or when collection of principal or interest appears doubtful, it is placed on non-accrual status, at which time the accrual of interest ceases and a reserve for unrecoverable accrued interest is established and charged against operations. As a general practice, payments received on non-accrual loans are applied to reduce the outstanding principal balance on a cost recovery method. Also as a general practice, a loan is not removed from non-accrual status until all delinquent principal, interest and late fees have been brought current and the borrower has demonstrated a history of performance based upon the contractual terms of the note. A history of repayment performance generally would be a minimum of six months. Loan origination and commitment fees and certain direct loan origination costs are deferred and amortized as an adjustment of the yield of the related loan. Allowance for Loan Losses The specific component relates to loans that are considered impaired. For loans that are classified as impaired, an allowance is established when the discounted cash flows or collateral value (less estimated selling costs, if applicable) of the impaired loan is lower than the carrying value of that loan. The general component covers non-impaired loans based on the Company’s risk rating system and historical loss experience adjusted for qualitative factors. The Company calculates its historical loss rates using the average of the last four quarterly 24-month periods. The Company calculates and applies its historical loss rates by individual loan types in its portfolio. These historical loss rates are adjusted for qualitative and environmental factors. An unallocated component is maintained to cover uncertainties that the Company believes have resulted in incurred losses that have not yet been allocated to specific elements of the general and specific components of the allowance for loan losses. Such factors include uncertainties in economic conditions, uncertainties in identifying triggering events that directly correlate to subsequent loss rates, changes in appraised value of underlying collateral, risk factors that have not yet manifested themselves in loss allocation factors and historical loss experience data that may not precisely correspond to the current portfolio or economic conditions. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. The appropriate allowance level is estimated based upon factors and trends identified by the Company as of the date of the filing of the consolidated financial statements. When available information confirms that specific loans or portions thereof are uncollectible, identified amounts are charged against the allowance for loan losses. The existence of some or all of the following criteria will generally confirm that a loss has been incurred: the loan is significantly delinquent and the borrower has not demonstrated the ability or intent to bring the loan current; the Company has no recourse to the borrower, or if it does, the borrower has insufficient assets to pay the debt; and/or the estimated fair value of the loan collateral is significantly below the current loan balance, and there is little or no near-term prospect for improvement. A loan is considered impaired when it is probable that the Company will be unable to collect all amounts due (principal and interest) according to the contractual terms of the loan agreement. Typically, factors used in determining if a loan is impaired include, but are not limited to, whether the loan is 90 days or more delinquent, internally designated as substandard or worse, on non-accrual status or represents a troubled debt restructuring (“TDR”). The majority of the Company’s impaired loans are considered collateral dependent. When a loan is considered collateral dependent, impairment is measured using the estimated value of the underlying collateral, less any prior liens, and when applicable, less estimated selling costs. For impaired loans that are not collateral dependent, impairment is measured using the present value of expected future cash flows, discounted at the loan’s original effective interest rate. When the estimated net realizable value of the impaired loan is less than the recorded investment in the loan (including accrued interest, net deferred loan fees or costs, and unamortized premium or discount), an impairment is recognized by adjusting an allocation of the allowance for loan losses. Subsequent to the initial allocation of allowance to the individual loan, the Company may conclude that it is appropriate to record a charge-off of the impaired portion of the loan. When a charge-off is recorded, the loan balance is reduced and the specific allowance is eliminated. Generally, when a collateral dependent loan is initially measured for impairment and has not had an appraisal of the collateral in the last six months, the Company obtains an updated market valuation. Subsequently, the Company generally obtains an updated market valuation of the collateral on an annual basis. The collateral valuation may occur more frequently if the Company determines that there is an indication that the market value may have declined. In accordance with the Company’s policy guidelines, unsecured loans are generally charged-off when no payments have been received for three consecutive months unless an alternative action plan is in effect. Consumer installment loans delinquent six months or more that have not received at least 75% of their required monthly payment in the last 90 days are charged-off. In addition, loans discharged in bankruptcy proceedings are charged-off. Loans under bankruptcy protection with no payments received for four consecutive months are charged-off. The outstanding balance of a secured loan that is in excess of the net realizable value is generally charged-off if no payments are received for four to five consecutive months. However, charge-offs are postponed if alternative proposals to restructure, obtain additional guarantors, obtain additional assets as collateral or a potential sale of the underlying collateral would result in full repayment of the outstanding loan balance. Once any other potential sources of repayment are exhausted, the impaired portion of the loan is charged-off. Regardless of whether a loan is unsecured or collateralized, once an amount is determined to be a confirmed loan loss it is promptly charged off. A provision for loan losses is charged against income and is added to the allowance for loan losses based on regular assessments of the loan portfolio. The allowance for loan losses is allocated to certain loan categories based on the relative risk characteristics, asset classifications and actual loss experience of the loan portfolio. While management has allocated the allowance for loan losses to various loan portfolio segments, the allowance is general in nature and is available for the loan portfolio in its entirety. Management’s evaluation of the allowance for loan losses is based on ongoing, quarterly assessments of the known and inherent risks in the loan portfolio. Loss factors are based on the Company’s historical loss experience with additional consideration and adjustments made for changes in economic conditions, changes in the amount and composition of the loan portfolio, delinquency rates, changes in collateral values, seasoning of the loan portfolio, duration of the current business cycle, a detailed analysis of impaired loans and other factors as deemed appropriate. These factors are evaluated on a quarterly basis. Loss rates used by the Company are affected as changes in these factors increase or decrease from quarter to quarter. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses, and may require the Company to make additions to the allowance based on their judgment about information available to them at the time of their examinations. Allowance for Unfunded Loan Commitments Real Estate Owned (“REO”) Federal Home Loan Bank Stock Premises and Equipment The capitalized lease, less accumulated amortization is included in premises and equipment. The capitalized lease is amortized on a straight-line basis over the lease term and the amortization is included in depreciation expense. MSRs – The Company records its originated MSRs at fair value in accordance with GAAP, which requires the Company to allocate the total cost of all mortgage loans sold to the MSRs and the loans (without the MSRs) based on their relative fair values if it is practicable to estimate those fair values. The Company stratifies its MSRs based on the predominant characteristics of the underlying financial assets including the coupon interest rate and the contractual maturity of the mortgage. An estimated fair value of MSRs is determined quarterly using a discounted cash flow model. The model estimates the present value of the future net cash flows of the servicing portfolio based on various factors, such as servicing costs, servicing income, expected prepayment speeds, discount rate, loan maturity and interest rate. Market sources are used to determine prepayment speeds, ancillary income, servicing cost and pre-tax required yield. The effect of changes in market interest rates on estimated rates of loan prepayments represents the predominant risk characteristic underlying the MSRs portfolio. The Company is amortizing the MSRs in proportion to and over the period of estimated net servicing income. MSRs are reviewed quarterly for impairment based on their estimated fair value. The estimated fair value of the MSRs, for the purposes of impairment, is measured using the methods described above. Impairment losses are recognized through a valuation allowance for each impaired stratum, with any associated provision recorded as a component of loan servicing income. Goodwill – Bank owned life insurance (“BOLI”) Advertising and Marketing Income Taxes Transfer of financial assets Trust Assets Earnings Per Share Stock-Based Compensation ESOP New Accounting Pronouncements – In August 2014, the FASB issued ASU 2014-15, “Presentation of Financial Statements – Going Concern" (“ASU 2014-15”). ASU 2014-15 provides guidance in connection with preparing financial statements for each annual and interim reporting period for which an entity’s management should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the consolidated financial statements are issued (or within one year after the date that the consolidated financial statements are available to be issued when applicable). ASU 2014-15 is effective for annual periods ending after December 15, 2016, and for interim periods within annual periods beginning after December 15, 2016. The adoption of ASU 2014-15 is not expected to have a significant impact on the Company's consolidated financial statements. In January 2015, the FASB issued ASU 2015-01, “Income Statement – Extraordinary and Unusual Items” (“ASU 2015-01”). ASU 2015-01 eliminates the need to separately classify, present and disclose extraordinary events. The disclosure of events or transactions that are unusual or infrequent in nature will be included in other guidance. The amendments in ASU 2015-01 are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. The adoption of ASU 2015-01 is not expected to have a significant impact on the Company’s consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities” (“ASU 2016-01”). ASU 2016-01 generally requires equity investments – except those accounted for under the equity method of accounting or those that result in consolidation of the investee – to be measured at fair value with changes in fair value recognized in net income. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. ASU 2016-01 is intended to simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently evaluating the impact that the adoption of ASU 2016-01 will have on the Company’s future consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases” (“ASU 2016-02”). ASU 2016-02 is intended to increase transparency and comparability among organizations by requiring the recognition of lease assets and lease liabilities on the balance sheet and disclosure of key information about leasing arrangements. The principal change required by this ASU relates to lessee accounting, and is that for operating leases, a lessee is required to (1) recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments, in the statement of financial position, (2) recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term on a generally straight-line basis, and (3) classify all cash payments within operating activities in the statement of cash flows. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the lease term. ASU 2016-02 also changes disclosure requirements related to leasing activities, and requires certain qualitative disclosures along with specific quantitative disclosures. The amendments in ASU 2016-02 are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018. Early application of the amendments in ASU 2016-02 is permitted. The Company is currently evaluating the impact that the adoption of ASU 2016-02 will have on the Company’s future consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, “Improvements to Employee Share-Based Payment Accounting” (“ASU 2016-09”). ASU 2016-09 includes provisions intended to simplify various aspects related to how share-based payments are accounted for and presented in the financial statements. ASU 2016-09 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2016. The Company is currently evaluating the impact that the adoption of ASU 2016-09 will have on the Company’s future consolidated financial statements. Reclassification –

Restricted Assets

Restricted Assets	12 Months Ended
	Mar. 31, 2016
Notes
Restricted Assets	2. RESTRICTED ASSETS Regulations of the Board of Governors of the Federal Reserve System require that the Bank maintain minimum reserve balances either on hand or on deposit with the Federal Reserve Bank of San Francisco (“FRB”), based on a percentage of deposits. The amounts of such balances as of March 31, 2016 and 2015 were $1.0 million and $951,000, respectively, which were in compliance with minimum reserve requirements.

Investment Securities

Investment Securities	12 Months Ended
	Mar. 31, 2016
Notes
Investment Securities	3. INVESTMENT SECURITIES The amortized cost and approximate fair value of investment securities consisted of the following at the dates indicated (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value March 31, 2016 Available for sale: Trust preferred $ 1,919 $ - $ (111 ) $ 1,808 Agency securities 19,520 63 (14 ) 19,569 Real estate mortgage investment conduits (1) 43,293 632 (1 ) 43,924 Mortgage-backed securities (1) 75,404 980 (31 ) 76,353 Other mortgage-backed securities (2) 8,875 185 (24 ) 9,036 Total available for sale $ 149,011 $ 1,860 $ (181 ) $ 150,690 Held to maturity: Mortgage-backed securities (3) 75 $ 1 $ - $ 76 March 31, 2015 Available for sale: Trust preferred $ 1,919 $ - $ (107 ) $ 1,812 Agency securities 14,008 38 (107 ) 13,939 Real estate mortgage investment conduits (3) 22,455 255 (1 ) 22,709 Mortgage-backed securities (1) 67,568 1,006 (60 ) 68,514 Other mortgage-backed securities (2) 5,359 142 (12 ) 5,489 Total available for sale $ 111,309 $ 1,441 $ (287 ) $ 112,463 Held to maturity: Mortgage-backed securities (3) $ 86 $ 2 $ - $ 88 (1) (2) (3) The contractual maturities of investment securities as of March 31, 2016 are as follows (in thousands): Available for Sale Held to Maturity Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Due after one year through five years $ 18,982 $ 19,097 $ - $ - Due after five years through ten years 17,418 17,631 66 67 Due after ten years 112,611 113,962 9 9 Total $ 149,011 $ 150,690 $ 75 $ 76 Expected maturities of investment securities may differ from contractual maturities because borrowers may have the right to prepay obligations with or without prepayment penalties. The fair value of temporarily impaired investment securities, the amount of unrealized losses and the length of time these unrealized losses existed are as follows at the dates indicated (in thousands): Less than 12 months 12 months or longer Total Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses March 31, 2016 Available for sale: Trust preferred $ - $ - $ 1,808 $ (111 ) $ 1,808 $ (111 ) Agency securities 5,508 (6 ) 4,991 (8 ) 10,499 (14 ) Real estate mortgage investment conduits (1) 1,636 (1 ) - - 1,636 (1 ) Mortgage-backed securities (2) 831 (10 ) 3,051 (21 ) 3,882 (31 ) Other mortgage-backed securities (3) 1,891 (6 ) 1,229 (18 ) 3,120 (24 ) Total available for sale $ 9,866 $ (23 ) $ 11,079 $ (158 ) $ 20,945 $ (181 ) March 31, 2015 Available for sale: Trust preferred $ - $ - $ 1,812 $ (107 ) $ 1,812 $ (107 ) Agency securities - - 12,893 (107 ) 12,893 (107 ) Real estate mortgage investment conduits (1) 1,323 (1 ) - - 1,323 (1 ) Mortgage-backed securities (2) - - 5,098 (60 ) 5,098 (60 ) Other mortgage-backed securities (3) - - 1,417 (12 ) 1,417 (12 ) Total available for sale $ 1,323 $ (1 ) $ 21,220 $ (286 ) $ 22,543 $ (287 ) (1) (2) (3) At March 31, 2016, the Company had a single collateralized debt obligation which is secured by a pool of trust preferred securities issued by 15 other bank holding companies. The Company holds the mezzanine tranche of this security. All tranches senior to the mezzanine tranche have been repaid by the issuer. Four of the issuers of trust preferred securities in this pool have defaulted (representing 51% of the remaining collateral, including excess collateral), and one other issuer is currently deferring interest payments (representing 2% of the remaining collateral). The Company has estimated an expected default rate of 44% for its portion of this security. The expected default rate was estimated based primarily on an analysis of the financial condition of the underlying issuers. The Company estimates that a default rate of 75% would trigger OTTI of this security. The Company utilized a discount rate of 10% to estimate the fair value of this security. There was no excess subordination on this security. During the year ended March 31, 2016, the Company determined that there was no OTTI charge on this collateralized debt obligation. The Company does not intend to sell this security and it is not more likely than not that the Company will be required to sell the security before the anticipated recovery of the remaining amortized cost basis. To determine the component of gross OTTI related to credit losses, the Company compared the amortized cost basis of the collateralized debt obligation to the present value of the revised expected cash flows, discounted using the current pre-impairment yield. The revised expected cash flow estimates are based primarily on an analysis of default rates, prepayment speeds and third-party analytical reports. Significant judgment of management is required in this analysis that includes, but is not limited to, assumptions regarding the ultimate collectability of principal and interest on the underlying collateral. The unrealized losses on the Company’s investment securities were primarily attributable to increases in market interest rates subsequent to their purchase by the Company. The Company expects the fair value of these securities to recover as the securities approach their maturity dates or sooner if market yields for such securities decline. The Company does not believe that these securities are other than temporarily impaired because of their credit quality or related to any issuer or industry specific event. Based on management’s evaluation and intent, the unrealized losses related to the investment securities in the above tables are considered temporary. The Company had no sales and realized no gains or losses on sales of investment securities for the years ended March 31, 2016 and 2014. Proceeds from sales of investment securities available for sale totaled $16.8 million for the year ended March 31, 2015. Gross realized gains on sales of investment securities available for sale totaled $158,000 for the year ended March 31, 2015. The gross realized gain of $158,000 was recorded in other non-interest income in the consolidated statement of income for the year ended March 31, 2015. The related income tax of $54,000 related to these realized gains was recorded in the provision for income taxes in the consolidated statement of income for the year ended March 31, 2015. Investment securities available for sale with an amortized cost of $10.2 million and $4.3 million and a fair value of $10.3 million and $4.3 million at March 31, 2016 and 2015, respectively, were pledged as collateral for government public funds held by the Bank. Investment securities held to maturity with an amortized cost of $23,000 and $27,000 and a fair value of $24,000 and $27,000 at March 31, 2016 and 2015, respectively were pledged as collateral for government public funds held by the Bank.

Loans Receivable

Loans Receivable	12 Months Ended
	Mar. 31, 2016
Notes
Loans Receivable	4. LOANS RECEIVABLE Loans receivable at March 31, 2016 and 2015 are reported net of deferred loan fees totaling $2.7 million and $2.2 million, respectively. Loans receivable, excluding loans held for sale, consisted of the following at the dates indicated (in thousands): March 31, 2016 March 31, 2015 Commercial and construction Commercial business $ 69,397 $ 77,186 Commercial real estate 353,749 299,691 Land 12,045 15,358 Multi-family 33,733 30,457 Real estate construction 26,731 30,498 Total commercial and construction 495,655 453,190 Consumer Real estate one-to-four family 88,780 89,801 Other installment (1) 40,384 36,781 Total consumer 129,164 126,582 Total loans 624,819 579,772 Less: Allowance for loan losses 9,885 10,762 Loans receivable, net $ 614,934 $ 569,010 (1) The Company originates commercial business, commercial real estate, land, multi-family real estate, real estate construction, residential real estate and other consumer loans. At March 31, 2016 and 2015, the Company had no loans to foreign domiciled businesses or foreign countries, or loans related to highly leveraged transactions. Substantially all of the mortgage loans in the Company’s portfolio are secured by properties located in Washington and Oregon, and accordingly, the ultimate collectibility of a substantial portion of the Company’s loan portfolio is susceptible to changes in the local economic conditions in these markets. Loans and extensions of credit outstanding at one time to one borrower are generally limited by federal regulations to 15% of the Bank’s shareholders’ equity, excluding accumulated other comprehensive income (loss). The Company considers its loan portfolio to have very little exposure to sub-prime mortgage loans since the Company has not historically engaged in this type of lending. At March 31, 2016, loans carried at $424.5 million were pledged as collateral to the FHLB and FRB for borrowing arrangements. Aggregate loans to officers and directors, all of which are current, consist of the following for the periods indicated (in thousands): Year Ended March 31, 2016 2015 2014 Beginning balance $ 1,233 $ 854 $ 1,609 Originations 53 511 - Principal repayments (445 ) (132 ) (755 ) Ending balance $ 841 $ 1,233 $ 854 Loan segment risk characteristics: Commercial business Commercial real estate Land Multi-family Real estate construction­ Real estate one-to-four family Other installment

Allowance For Loan Losses

Allowance For Loan Losses	12 Months Ended
	Mar. 31, 2016
Notes
Allowance For Loan Losses	5. ALLOWANCE FOR LOAN LOSSES The following tables present a reconciliation of the allowance for loan losses for the periods indicated (in thousands): March 31, 2016 Commercial Business Commercial Real Estate Land Multi-Family Real Estate Construction Consumer Unallocated Total Beginning balance $1,263 $4,268 $539 $348 $769 $2,548 $1,027 $10,762 Provision for (recapture of) loan losses (245) 5 (545) 364 (359) (51) (319) (1,150) Charge-offs - - - - - (274) - (274) Recoveries 30 - 331 - 6 180 - 547 Ending balance $1,048 $4,273 $325 $712 $416 $2,403 $708 $9,885 March 31, 2015 Commercial Business Commercial Real Estate Land Multi-Family Real Estate Construction Consumer Unallocated Total Beginning balance $2,409 $5,269 $340 $203 $387 $2,653 $1,290 $12,551 Provision for (recapture of) loan losses (1,060) (768) (72) 145 382 (164) (263) (1,800) Charge-offs (120) (233) - - - (111) - (464) Recoveries 34 - 271 - - 170 - 475 Ending balance $1,263 $4,268 $539 $348 $769 $2,548 $1,027 $10,762 March 31, 2014 Commercial Business Commercial Real Estate Land Multi-Family Real Estate Construction Consumer Unallocated Total Beginning balance $2,128 $5,979 $2,019 $541 $221 $2,949 $1,806 $15,643 Provision for (recapture of) loan losses 95 (417) (2,439) (338) 173 (258) (516) (3,700) Charge-offs (340) (316) (90) - (11) (349) - (1,106) Recoveries 526 23 850 - 4 311 - 1,714 Ending balance $2,409 $5,269 $340 $203 $387 $2,653 $1,290 $12,551 The following tables present an analysis of loans receivable and the allowance for loan losses, based on impairment methodology, at the dates indicated (in thousands): Allowance for Loan Losses Recorded Investment in Loans March 31, 2016 Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Commercial business $ - $ 1,048 $ 1,048 $ 192 $ 69,205 $ 69,397 Commercial real estate - 4,273 4,273 9,802 343,947 353,749 Land - 325 325 801 11,244 12,045 Multi-family - 712 712 1,731 32,002 33,733 Real estate construction - 416 416 - 26,731 26,731 Consumer 110 2,293 2,403 1,678 127,486 129,164 Unallocated - 708 708 - - - Total $ 110 $ 9,775 $ 9,885 $ 14,204 $ 610,615 $ 624,819 March 31, 2015 Commercial business $ - $ 1,263 $ 1,263 $ 1,091 $ 76,095 $ 77,186 Commercial real estate - 4,268 4,268 15,939 283,752 299,691 Land - 539 539 801 14,557 15,358 Multi-family - 348 348 1,922 28,535 30,457 Real estate construction - 769 769 - 30,498 30,498 Consumer 147 2,401 2,548 2,622 123,960 126,582 Unallocated - 1,027 1,027 - - - Total $ 147 $ 10,615 $ 10,762 $ 22,375 $ 557,397 $ 579,772 Changes in the allowance for unfunded loan commitments were as follows for the periods indicated (in thousands): Year Ended March 31, 2016 2015 2014 Beginning balance $ 259 $ 294 $ 229 Net change in allowance for unfunded loan commitments 65 (35 ) 65 Ending balance $ 324 $ 259 $ 294 The following tables present an analysis of loans by aging category at the dates indicated (in thousands): March 31, 2016 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 $ - $ - $ - $ - $ 69,397 $ 69,397 Commercial real estate - - 1,559 1,559 352,190 353,749 Land - - 801 801 11,244 12,045 Multi-family - - - - 33,733 33,733 Real estate construction - - - - 26,731 26,731 Consumer 611 20 334 965 128,199 129,164 Total $ 611 $ 20 $ 2,694 $ 3,325 $ 621,494 $ 624,819 March 31, 2015 Commercial business $ 359 $ - $ - $ 359 $ 76,827 $ 77,186 Commercial real estate 225 - 3,291 3,516 296,175 299,691 Land - - 801 801 14,557 15,358 Multi-family - - - - 30,457 30,457 Real estate construction - - - - 30,498 30,498 Consumer 902 - 1,226 2,128 124,454 126,582 Total $ 1,486 $ - $ 5,318 $ 6,804 $ 572,968 $ 579,772 Interest income foregone on non-accrual loans was $112,000, $433,000 and $949,000 for the years ended March 31, 2016, 2015 and 2014, respectively. Credit quality indicators: Pass Watch Special mention Substandard Doubtful Loss The following tables present an analysis of loans by credit quality indicators at the dates indicated (in thousands): March 31, 2016 Pass Special Mention Substandard Doubtful Loss Total Loans Receivable Commercial business $ 68,221 $ 813 $ 363 $ - $ - $ 69,397 Commercial real estate 343,306 7,659 2,784 - - 353,749 Land 9,760 1,484 801 - - 12,045 Multi-family 33,721 - 12 - - 33,733 Real estate construction 26,731 - - - - 26,731 Consumer 128,830 - 334 - - 129,164 Total $ 610,569 $ 9,956 $ 4,294 $ - $ - $ 624,819 March 31, 2015 Commercial business $ 75,643 $ 977 $ 566 $ - $ - $ 77,186 Commercial real estate 277,156 15,570 6,965 - - 299,691 Land 11,665 2,892 801 - - 15,358 Multi-family 28,508 14 1,935 - - 30,457 Real estate construction 28,670 - 1,828 - - 30,498 Consumer 125,356 - 1,226 - - 126,582 Total $ 546,998 $ 19,453 $ 13,321 $ - $ - $ 579,772 Impaired loans: March 31, 2016 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 $ 192 $ - $ 192 $ 192 $ - Commercial real estate 9,802 - 9,802 10,758 - Land 801 - 801 807 - Multi-family 1,731 - 1,731 1,871 - Consumer 477 1,201 1,678 1,845 110 Total $ 13,003 $ 1,201 $ 14,204 $ 15,473 $ 110 March 31, 2015 Commercial business $ 1,091 $ - $ 1,091 $ 1,125 $ - Commercial real estate 15,939 - 15,939 17,188 - Land 801 - 801 804 - Multi-family 1,922 - 1,922 2,058 - Consumer 1,276 1,346 2,622 3,211 147 Total $ 21,029 $ 1,346 $ 22,375 $ 24,386 $ 147 Year ended March 31, 2016 Year ended March 31, 2015 Year ended March 31, 2014 Average Recorded Investment Interest Recognized on Impaired Loans Average Recorded Investment Interest Recognized on Impaired Loans Average Recorded Investment Interest Recognized on Impaired Loans Commercial business $ 542 $ 17 $ 1,075 $ 62 $ 1,150 $ 43 Commercial real estate 13,130 456 17,136 478 19,451 472 Land 801 - 817 - 1,854 5 Multi-family 1,842 99 2,176 17 2,758 16 Real estate construction - - - - 69 - Consumer 1,947 72 3,187 85 3,679 47 Total $ 18,262 $ 644 $ 24,391 $ 642 $ 28,961 $ 583 The cash basis interest income on impaired loans was not materially different than the interest recognized on impaired loans as shown in the above table. TDRs are loans for which the Company, for economic or legal reasons related to the borrower's financial condition, has granted a concession to the borrower that it would otherwise not consider. A TDR typically involves a modification of terms such as a reduction of the stated interest rate or face amount of the loan, a reduction of accrued interest, and/or an extension of the maturity date(s) at a stated interest rate lower than the current market rate for a new loan with similar risk. TDRs are considered impaired loans and as such, impairment is measured as described for impaired loans in Note 1 – Summary of Significant Accounting Policies – Allowance for Loan Losses. The following table presents TDRs by interest accrual status at the dates indicated (in thousands): March 31, 2016 March 31, 2015 Accrual Nonaccrual Total Accrual Nonaccrual Total Commercial business $ 192 $ - $ 192 $ 1,091 $ - $ 1,091 Commercial real estate 8,244 1,289 9,533 12,647 2,298 14,945 Land - 801 801 - 801 801 Multi-family 1,731 - 1,731 1,922 - 1,922 Consumer 1,678 - 1,678 1,673 949 2,622 Total $ 11,845 $ 2,090 $ 13,935 $ 17,333 $ 4,048 $ 21,381 At March 31, 2016, the Company had no commitments to lend additional funds on these loans. At March 31, 2016, all of the Company’s TDRs were paying as agreed except for one of the Company’s TDRs that defaulted after the loan was modified. The following table presents new TDRs for the periods indicated (dollars in thousands): Year ended March 31, 2016 Year ended March 31, 2015 Year ended March 31, 2014 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial business - $ - $ - - $ - $ - 3 $ 504 $ 465 Commercial real estate - - - 1 344 327 4 6,295 6,210 Multi-family - - - - - - 1 2,562 2,014 Consumer - - - - - - 4 573 561 Total - $ - $ - 1 $ 344 $ 327 12 $ 9,934 $ 9,250 There were no loans modified as a TDR within the previous twelve months that subsequently defaulted in the twelve months ended March 31, 2016.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Mar. 31, 2016
Notes
Premises and Equipment	6. PREMISES AND EQUIPMENT Premises and equipment consisted of the following at the dates indicated (in thousands): March 31, 2016 2015 Land $ 4,177 $ 4,177 Buildings and improvements 13,974 13,971 Leasehold improvements 1,286 1,286 Furniture and equipment 9,876 10,471 Building under capitalized lease 2,956 2,715 Construction in progress 720 720 Total 32,989 33,340 Less accumulated depreciation and amortization (18,394 ) (17,906 ) Premises and equipment, net $ 14,595 $ 15,434 Depreciation expense was $1.3 million, $1.4 million and $1.4 million for the years ended March 31, 2016, 2015 and 2014, respectively. During fiscal year 2006, the Company entered into a capital lease for the shell of the building constructed as the Company’s operations center. During the second quarter of fiscal 2016, the Company modified the lease agreement on its operations center reducing the Company’s square footage leased and extending the lease agreement to November 2039. For the years ended March 31, 2016, 2015 and 2014, the Company recorded $89,000, $113,000 and $113,000, respectively, in amortization expense related to this capital lease. At both March 31, 2016 and 2015, accumulated amortization for the capital lease totaled $1.1 million In March 2010, the Company sold two of its branch locations. The Company maintains a substantial continuing involvement in the locations through various non-cancellable operating leases that contain certain renewal options. The resulting gain on sale of $2.1 million was deferred and is being amortized over the lives of the respective leases. At March 31, 2016, the remaining deferred gain was $1.2 million and is included in accrued expenses and other liabilities in the accompanying consolidated balance sheets. The Company is obligated under various noncancellable lease agreements for land and buildings that require future minimum rental payments, exclusive of taxes and other charges. The following is a schedule of future minimum lease payments under the Company’s capital lease together with the present value of net minimum lease payments and the future minimum rental payments required under operating leases that have initial or noncancellable lease terms in excess of one year as of March 31, 2016 (in thousands): Year Ending March 31: Operating Leases Capital Lease 2017 $ 1,382 $ 197 2018 1,325 198 2019 1,220 202 2020 1,190 205 2021 672 208 Thereafter 1,981 4,268 Total minimum lease payments $ 7,770 5,278 Less amount representing interest (2,803 ) Present value of net minimum lease payments $ 2,475 Rent expense was $1.8 million, $1.9 million and $1.8 million for the years ended March 31, 2016, 2015 and 2014, respectively.

Real Estate Owned

Real Estate Owned	12 Months Ended
	Mar. 31, 2016
Notes
Real Estate Owned	7. REAL ESTATE OWNED The following table is a summary of the activity in REO for the periods indicated (in thousands): Year Ended March 31, 2016 2015 2014 Balance at beginning of year, net $ 1,603 $ 7,703 $ 15,638 Additions 298 1,512 6,564 Dispositions (937 ) (6,897 ) (12,443 ) Writedowns (369 ) (715 ) (2,056 ) Balance at end of year, net $ 595 $ 1,603 $ 7,703 REO expenses for the year ended March 31, 2016 consisted of write-downs on existing REO properties of $369,000 and operating expenses of $198,000. Net losses on dispositions of REO totaled $187,000 for the year ended March 31, 2016, and were included in other non-interest income in the accompanying consolidated statements of income. REO expenses for the year ended March 31, 2015 consisted of write-downs on existing REO properties of $715,000, operating expenses of $279,000 and net losses on dispositions of REO were $80,000. REO expenses for the year ended March 31, 2014 consisted of write-downs on existing REO properties of $2.1 million, operating expenses of $709,000 and net losses on dispositions of REO were $245,000. At March 31, 2016, the carrying amount of foreclosed residential real estate properties held in REO as a result of obtaining physical possession was $298,000, and at that date, the recorded investment in consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process was $113,000.

Goodwill

Goodwill	12 Months Ended
	Mar. 31, 2016
Notes
Goodwill	8. GOODWILL The Company performed an impairment assessment as of October 31, 2015 and determined that no impairment of goodwill exists. The goodwill impairment test involves a two-step process. The first step is a comparison of the reporting unit’s fair value to its carrying value. If the reporting unit’s fair value is less than its carrying value, the Company would be required to progress to the second step. In the second step, the Company calculates the implied fair value of goodwill. GAAP with respect to goodwill requires that the Company compare the implied fair value of goodwill to the carrying amount of goodwill on the Company’s consolidated balance sheet. If the carrying amount of the goodwill is greater than the implied fair value of that goodwill, an impairment loss must be recognized in an amount equal to that excess. The implied fair value of goodwill is determined in the same manner as goodwill recognized in a business combination. The estimated fair value of the Company is allocated to all of the Company’s individual assets and liabilities, including any unrecognized identifiable intangible assets, as if the Company had been acquired in a business combination and the estimated fair value of the Company is the price paid to acquire it. The allocation process is performed only for purposes of determining the amount of goodwill impairment, as no assets or liabilities are written up or down, nor are any additional unrecognized identifiable intangible assets recorded as a part of this process. The results of the Company’s step one test indicated that the reporting unit’s fair value was greater than its carrying value, and, therefore, a step two analysis was not required; however, no assurance can be given that the Company’s goodwill will not be written down in future periods. An interim impairment test was not deemed necessary as of March 31, 2016 due to there not being a significant change in the reporting unit’s assets and liabilities, the amount by which the fair value of the reporting unit exceeded the carrying value as of the most recent valuation, and because the Company determined that, based on an analysis of events that have occurred and circumstances that have changed since the most recent valuation date, the likelihood that a current estimated fair value determination would be less than the current carrying amount of the reporting unit is remote.

Deposits

Deposits	12 Months Ended
	Mar. 31, 2016
Notes
Deposits	9. DEPOSITS Deposit accounts consisted of the following at the dates indicated (dollars in thousands): Account Type March 31, 2016 March 31, 2015 Non-interest-bearing $ 179,143 $ 151,953 Interest-bearing checking 144,740 115,461 Money market 239,544 237,465 Savings accounts 96,994 77,132 Certificates of deposit 119,382 138,839 Total $ 779,803 $ 720,850 Individual certificates of deposit in amounts of $250,000 or more totaled $10.5 million and $10.7 million at March 31, 2016 and 2015, respectively. Scheduled maturities of certificates of deposit for future years ending March 31 are as follows (in thousands): Year Ending March 31: 2017 $ 76,823 2018 20,859 2019 10,203 2020 5,211 2021 2,169 Thereafter 4,117 Total $ 119,382 Interest expense by deposit type was as follows for the periods indicated (in thousands): Year Ended March 31, 2016 2015 2014 Interest checking $ 99 $ 79 $ 102 Money market 272 277 477 Savings accounts 85 71 87 Certificates of deposit 717 899 1,307 Total $ 1,173 $ 1,326 $ 1,973

Junior Subordinated Debenture

Junior Subordinated Debenture	12 Months Ended
	Mar. 31, 2016
Notes
Junior Subordinated Debenture	10. JUNIOR SUBORDINATED DEBENTURES At March 31, 2016, the Company had two wholly-owned subsidiary grantor trusts that were established for the purpose of issuing trust preferred securities and common securities. The trust preferred securities accrue and pay distributions periodically at specified annual rates as provided in each trust agreement. The trusts used the net proceeds from each of the offerings to purchase a like amount of junior subordinated debentures (the “Debentures”) of the Company. The Debentures are the sole assets of the trusts. The Company’s obligations under the Debentures and related documents, taken together, constitute a full and unconditional guarantee by the Company of the obligations of the trusts. The trust preferred securities are mandatorily redeemable upon maturity of the Debentures or upon earlier redemption as provided in the indentures. The Company has the right to redeem the Debentures in whole or in part on or after specific dates, at a redemption price specified in the indentures governing the Debentures plus any accrued but unpaid interest to the redemption date. The Company also has the right to defer the payment of interest on each of the Debentures for a period not to exceed 20 consecutive quarters, provided that the deferral period does not extend beyond the stated maturity. During such deferral period, distributions on the corresponding trust preferred securities will also be deferred and the Company may not pay cash dividends to the holders of shares of the Company’s common stock. The Debentures issued by the Company to the grantor trusts, totaling $22.7 million , are reflected in the consolidated balance sheets in the liabilities section, under the caption “junior subordinated debentures.” The common securities issued by the grantor trusts were purchased by the Company, and the Company’s investment in the common securities of $681,000 at both March 31, 2016 and 2015, is included in prepaid expenses and other assets in the consolidated balance sheets. The Company records interest expense on the Debentures in the consolidated statements of income. The following table is a summary of the terms and the amounts outstanding of the Debentures at March 31, 2016 (dollars in thousands): Issuance Trust Issuance Date Amount Outstanding Rate Type Initial Rate Current Rate Maturing Date Riverview Bancorp Statutory Trust I 12/2005 $ 7,217 Variable (1) 5.88 % 1.99 % 3/2036 Riverview Bancorp Statutory Trust II 06/2007 15,464 Variable (2) 7.03 % 1.98 % 9/2037 $ 22,681 (1) (2)

Income Taxes

Income Taxes	12 Months Ended
	Mar. 31, 2016
Notes
Income Taxes	11. INCOME TAXES Provision (benefit) for income taxes consisted of the following for the periods indicated (in thousands): Year Ended March 31 2016 2015 2014 Current $ 251 $ 16 $ 19 Deferred 3,175 2,140 (15,100 ) Total $ 3,426 $ 2,156 $ (15,081 ) The tax effect of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities are as follows at the dates indicated (in thousands): March 31, 2016 March 31, 2015 Deferred tax assets: Deferred compensation $ 128 $ 107 Allowance for loan losses 3,624 3,913 Accrued expenses 199 193 Accumulated depreciation 908 789 Deferred gain on sale 418 475 Net operating loss carryforwards 4,849 8,150 Impairment on investment security - 151 REO expense 49 155 Non-compete agreement 53 66 Other 526 558 Total deferred tax asset 10,754 14,557 Deferred tax liabilities: FHLB stock dividend (143 ) (857 ) Purchase accounting - (1 ) Net unrealized gain on investment securities available for sale (596 ) (393 ) Prepaid expense (172 ) (198 ) Loan fees/costs (654 ) (540 ) Total deferred tax liability (1,565 ) (1,989 ) Deferred tax asset, net $ 9,189 $ 12,568 A reconciliation of the Company’s effective income tax rate with the federal statutory tax rate is as follows for the periods indicated: Year Ended March 31, 2016 2015 2 0 14 Statutory federal income tax rate 34.0 % 34.0 % 34.0 % State and local income tax rate 1.5 1.6 1.5 ESOP market value adjustment (0.1 ) - (0.3 ) Bank owned life insurance (2.8 ) (3.8 ) (4.4 ) Valuation adjustment - - (365.9 ) Other, net 2.2 0.4 (5.9 ) Effective federal income tax rate 34.8 % 32.2 % (341.0 )% The tax effects of certain tax benefits related to stock options are recorded directly to shareholders’ equity. The Bank’s retained earnings at both March 31, 2016 and 2015 include a base year allowance for loan losses, which amounted to $2.2 million, for which no federal income tax liability has been recognized. The related unrecognized deferred tax liability at March 31, 2016 and 2015 was $781,000. This represents the balance of allowance for loan losses created for tax purposes as of December 31, 1987. These amounts are subject to recapture in the unlikely event that the Company’s banking subsidiaries (1) make distributions in excess of current and accumulated earnings and profits, as calculated for federal tax purposes, (2) redeem their stock, or (3) liquidate. Management does not expect this temporary difference to reverse in the foreseeable future. At March 31, 2016, the Company had total deferred tax assets of $4.8 million for federal and state net operating loss carryforwards which will expire in years 2032 through 2034. At March 31, 2016 and 2015, the Company had no unrecognized tax benefits or uncertain tax positions. In addition, the Company had no accrued interest or penalties as of March 31, 2016 or 2015. It is the Company’s policy to recognize potential accrued interest and penalties as a component of income tax expense. The Company is subject to U.S. federal and State of Oregon income taxes. The years 2012 to 2015 remain open to examination for federal income taxes, and the years 2011 to 2015 remain open to State of Oregon examination. The Company reversed its deferred tax asset valuation allowance as of March 31, 2014 due to management’s determination that it was “more likely than not” that the Company’s deferred tax assets would be realized. “More likely than not” is defined as greater than 50% probability of occurrence. A determination as to the ultimate realization of the deferred tax assets is dependent upon management’s judgment and evaluation of both positive and negative evidence, forecasts of future taxable income, applicable tax planning strategies, and an assessment of current and future economic and business conditions. The determination resulted from consideration of both the positive and negative evidence available that can be objectively verified. GAAP states that forming a conclusion that a valuation allowance is not needed is difficult when there is negative evidence such as cumulative losses in recent years. At March 31, 2014, the Company was in a cumulative loss position over a three year period which was considered a significant piece of negative evidence that was difficult to overcome. Accordingly, in its determination of the deferred tax assets at March 31, 2014, the Company analyzed and evaluated the nature and timing of relevant facts and circumstances with respect to its cumulative loss. As a result of this analysis management concluded it was more likely than not that forecasted earnings performance would allow for the realization of the deferred tax assets in a timely manner. At March 31, 2015, the Company returned to a cumulative income position over a three year period

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Mar. 31, 2016
Notes
Employee Benefit Plans	12. EMPLOYEE BENEFIT PLANS Retirement Plan - The Riverview Bancorp, Inc. Employees’ Savings and Profit Sharing Plan (the “Plan”) is a defined contribution profit-sharing plan incorporating the provisions of Section 401(k) of the Internal Revenue Code. Company expenses related to the Plan for the years ended March 31, 2016, 2015 and 2014 were $292,000, $212,000 and $195,000, respectively. Directors’ and Executive Officers’ Deferred Compensation Plan (“Deferred Compensation Plan”) – The Deferred Compensation Plan is a nonqualified deferred compensation plan. Directors may elect to defer their monthly directors’ fees until retirement with no income tax payable by the director until retirement benefits are received. The Chairman, President, and Executive and Senior Vice Presidents of the Company may also defer salary into the Deferred Compensation Plan. The Company accrues annual interest on the unfunded liability under the Deferred Compensation Plan based upon a formula relating to gross revenues, which was 3.64%, 3.36% and 3.18% for the years ended March 31, 2016, 2015 and 2014, respectively. The estimated liability under the plan is accrued as earned by the participant. At March 31, 2016 and 2015, the Company’s aggregate liability under the plan was $361,000 and $302,000, respectively, which is recorded in accrued expenses and other liabilities in the accompanying consolidated balance sheets. Stock Option Plans - In July 2003, shareholders of the Company approved the adoption of the 2003 Stock Option Plan (“2003 Plan”). The 2003 Plan was effective in July 2003 and expired in July 2013. Accordingly, no further option awards may be granted under the 2003 Plan; however, any awards granted prior to its expiration remain outstanding subject to their terms. Each option granted under the 2003 Plan has an exercise price equal to the fair market value of the Company’s common stock on the date of the grant, a maximum term of ten years and a vesting period from zero to five years. The fair value of each stock option granted is estimated on the date of grant using the Black-Scholes stock option valuation model. The fair value of all awards is amortized on a straight-line basis over the requisite service periods, which are generally the vesting periods. The expected life of options granted represents the period of time that they are expected to be outstanding. The expected life is determined based on historical experience with similar options, giving consideration to the contractual terms and vesting schedules. Expected volatility was estimated at the date of grant based on the historical volatility of the Company’s common stock. Expected dividends are based on dividend trends and the market value of the Company’s common stock at the time of grant. The risk-free interest rate for periods within the contractual life of the options is based on the U.S. Treasury yield curve in effect at the time of the grant. During the year ended March 31, 2014, the Company granted 87,154 stock options. The weighted average fair value of stock options granted during the year ended March 31, 2014 was $1.18. The Company did not grant stock options during the years ended March 31, 2016 and 2015. The Black-Scholes model used the following assumptions for the stock options granted during the year ended March 31, 2014: Risk Free Interest Rate Expected Life (years) Expected Volatility Expected Dividends Fiscal 2014 1.95 % 6.25 51.87 % 2.04 % As of March 31, 2016, all outstanding stock options were fully vested and there was no remaining unrecognized compensation expense. There was no stock-based compensation expense related to stock options for the year ended March 31, 2016. The Company recognized pre-tax compensation expense related to stock options of $26,000 and $78,000 for the years ended March 31, 2015 and 2014, respectively. The following table presents the activity related to stock options under all plans for the years indicated. Year Ended March 31, 2016 2015 2014 Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Balance, beginning of period 424,654 $ 8.00 474,654 $ 7.91 407,500 $ 9.05 Grants - - - - 87,154 2.78 Options exercised (18,000 ) 3.49 (18,000 ) 2.69 - - Forfeited (29,000 ) 10.00 (32,000 ) 9.55 - - Expired (154,000 ) 12.92 - - (20,000 ) 8.98 Balance, end of period 223,654 $ 4.73 424,654 $ 8.00 474,654 $ 7.91 Additional information regarding stock options outstanding as of March 31, 2016 is as follows: ` Options Outstanding Options Exercisable Range of Exercise Price Weighted Avg Remaining Contractual Life (years) Number Weighted Average Exercise Price Number Weighted Average Exercise Price $1.97 - $6.17 4.66 201,154 $ 3.82 201,154 $ 3.82 $7.49 - $9.51 2.22 2,500 8.12 2,500 8.12 $10.10 - $10.83 1.96 5,000 10.18 5,000 10.18 $12.98 - $14.52 1.23 15,000 14.49 15,000 14.49 4.34 223,654 $ 4.73 223,654 $ 4.73 The following table presents information on stock options outstanding for the periods shown, less estimated forfeitures: Year Ended March 31, 2016 Year Ended March 31, 2015 Stock options fully vested and expected to vest: Number 223,654 424,654 Weighted average exercise price $ 4.73 $ 8.00 Aggregate intrinsic value (1) $ 147,000 $ 225,000 Weighted average contractual term of options (years) 4.34 3.57 Stock options fully vested and currently exercisable: Number 223,654 424,654 Weighted average exercise price $ 4.73 $ 8.00 Aggregate intrinsic value (1) $ 147,000 $ 225,000 Weighted average contractual term of options (years) 4.34 3.57 (1) (the amount by which the current market value of the underlying stock exceeds the exercise price) that would have been received by the option holders had all option holders exercised. This amount changes based on changes in the market value of the Company’s stock. The total intrinsic value of stock options exercised was $16,000 and $35,000 for the years ended March 31, 2016 and 2015, respectively. There were no stock options exercised for the year ended March 31, 2014.

Employee Stock Ownership Plan

Employee Stock Ownership Plan	12 Months Ended
	Mar. 31, 2016
Notes
Employee Stock Ownership Plan	13. EMPLOYEE STOCK OWNERSHIP PLAN The Company sponsors an ESOP that covers all employees with at least one year and 1,000 hours of service who are over the age of 21. Shares are released and allocated to participant accounts on December 31 of each year until 2017. ESOP compensation expense included in salaries and employee benefits was $110,000, $102,000 and $68,000 for the years ended March 31, 2016, 2015 and 2014, respectively. Shares held by the ESOP at March 31, 2016 totaled 573,853. ESOP share activity is summarized in the following table: Estimated Fair Value of Unreleased Shares Unreleased ESOP Shares Allocated and Released Shares Total Balance, March 31, 2013 $ 325,000 123,165 839,419 962,584 Allocation December 31, 2013 (24,633 ) 24,633 - Balance, March 31, 2014 $ 338,000 98,532 864,052 962,584 Allocation December 31, 2014 (24,633 ) 24,633 - Balance, March 31, 2015 $ 332,500 73,899 888,685 962,584 Allocation December 31, 2015 (24,633 ) 24,633 - Balance, March 31, 2016 $ 207,000 49,266 913,318 962,584

Shareholders' Equity and Regula

Shareholders' Equity and Regulatory Capital Requirements	12 Months Ended
	Mar. 31, 2016
Notes
Shareholders' Equity and Regulatory Capital Requirements	14. SHAREHOLDERS’ EQUITY AND REGULATORY CAPITAL REQUIREMENTS The Bank is subject to various regulatory capital requirements administered by the Office of the Comptroller of the Currency (“OCC”) . Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios of total and tier I capital to risk-weighted assets, core capital to total assets and tangible capital to tangible assets (set forth in the table below). Management believes the Bank met all capital adequacy requirements to which it was subject to as of March 31, 2016. Effective January 1, 2015 (with some changes transitioned into full effectiveness over two to four years), the Bank is now subject to new capital requirements adopted by the OCC, which create a new required ratio for common equity Tier 1 (“CET1”) capital, increases the leverage and Tier 1 capital ratios, changes the risk-weightings of certain assets for purposes of the risk-based capital ratios, creates an additional capital conservation buffer over the required capital ratios and changes what qualifies as capital for purposes of meeting these various capital requirements. The Bank is required to maintain additional levels of Tier 1 common equity over the minimum risk-based capital levels before it may pay dividends, repurchase shares or pay discretionary bonuses. The new minimum requirements are a ratio of common equity Tier 1 capital (CET1 capital) to total risk-weighted assets the (“CET1 risk-based ratio”) of 4.5%, a Tier 1 capital ratio of 6.0%, a total capital ratio of 8.0%, and a leverage ratio of 4.0%. In addition to the capital requirements, there are a number of changes in what constitutes regulatory capital, subject to a certain transition period. These changes include the phasing-out of certain instruments as qualifying capital. The Bank does not have any of these instruments. Mortgage servicing and deferred tax assets over designated percentages of CET1 are deducted from capital, subject to a transition period ending December 31, 2017. CET1 consists of Tier 1 capital less all capital components that are not considered common equity. In addition, Tier 1 capital includes accumulated other comprehensive income, which includes all unrealized gains and losses on available for sale debt and equity securities, subject to a transition period ending December 31, 2017. Because of the Bank’s asset size, the Bank is not considered an advanced approaches banking organization and elected to take the one-time option of deciding to permanently opt-out of the inclusion of unrealized gains and losses on available for sale debt and equity securities in its capital calculations. The new requirements also include changes in the risk-weighting of assets to better reflect credit risk and other risk exposure. These include a 150% risk weight (up from 100%) for certain high volatility commercial real estate acquisition, development and construction loans and for non-residential mortgage loans that are 90 days past due or otherwise in non-accrual status; a 20% (up from 0%) credit conversion factor for the unused portion of a commitment with an original maturity of one year or less that is not unconditionally cancellable; and a 250% risk weight (up from 100%) for mortgage servicing and deferred tax assets that are not deducted from capital. In addition to the minimum CET1, Tier 1 and total capital ratios, the Bank will have to maintain a capital conservation buffer consisting of additional CET1 capital equal to 2.5% of risk-weighted assets above the required minimum levels in order to avoid limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses based on percentages of eligible retained income that could be utilized for such actions. This new capital conservation buffer requirement is to be phased in beginning in January 2016 at 0.625% of risk-weighted assets and increasing each year until fully implemented in January 2019. Under the new standards, in order to be considered well-capitalized, the Bank must maintain a CET1 risk-based ratio of 6.5%, a Tier 1 risk-based ratio of 8% (increased from 6%), a total risk-based capital ratio of 10% (unchanged) and a leverage ratio of 5% (unchanged) . As of March 31, 2016, the most recent notification from the OCC categorized the Bank as “well capitalized” under the regulatory framework for prompt corrective action. The Bank’s actual and required minimum capital amounts and ratios are as follows at the dates indicated (dollars in thousands): Actual For Capital Adequacy Purposes “Well Capitalized” Under Prompt Corrective Action Amount Ratio Amount Ratio Amount Ratio March 31, 2016 Total Capital: (To Risk-weighted Assets) $ 105,277 16.07 % $ 52,405 8.0 % $ 65,507 10.0 % Tier 1 Capital: (To Risk-weighted Assets) 97,046 14.81 39,304 6.0 52,405 8.0 Common equity Tier 1 Capital: (To Risk-weighted Assets) 97,046 14.81 29,478 4.5 42,579 6.5 Tier 1 Capital (Leverage): (To Adjusted Tangible Assets) 97,046 11.18 34,718 4.0 43,397 5.0 Tangible Capital: (To Tangible Assets) 97,046 11.18 13,019 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, 2015 Total Capital: (To Risk-weighted Assets) $ 95,713 15.89 % $ 48,188 8.0 % $ 72,282 12.0 % (1) Tier 1 Capital: (To Risk-weighted Assets) 88,122 14.63 36,141 6.0 48,188 8.0 Common equity Tier 1 Capital: (To Risk-weighted Assets) 88,122 14.63 27,106 4.5 39,152 6.5 Tier 1 Capital (Leverage): (To Adjusted Tangible Assets) 88,122 10.89 32,355 4.0 72,799 9.0 (1) Tangible Capital: (To Tangible Assets) 88,122 10.89 12,133 1.5 N/A N/A (1) The Bank agreed with the OCC to establish higher minimum capital ratios and to maintain a Tier 1 Capital (leverage) ratio of not less than 9.0% and a total risked-based capital ratio of not less than 12.0% in order to be deemed “well capitalized”. On December 7, 2015, the Bank was notified by the OCC that the requirement to establish higher minimum capital ratios was rescinded. For a savings and loan holding company with less than $1.0 billion in assets, the capital guidelines apply on a bank only basis and the Federal Reserve expects the holding company’s subsidiary banks to be well capitalized under the prompt corrective action regulations. If the Company was subject to regulatory guidelines for bank holding companies with $1.0 billion or more in assets, at March 31, 2016, the Company would have exceeded all regulatory capital requirements. At periodic intervals, the OCC and the FDIC routinely examine the Bank’s financial condition and risk management processes as part of their legally prescribed oversight. Based on their examinations, these regulators can direct that the Company’s consolidated financial statements be adjusted in accordance with their findings. A future examination by the OCC or the FDIC could include a review of certain transactions or other amounts reported in the Company’s 2016 consolidated financial statements. The Company did not repurchase any shares of common stock for the years ended March 31, 2016, 2015 or 2014.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Mar. 31, 2016
Notes
Earnings Per Share	15. EARNINGS PER SHARE Basic earnings per share (“EPS”) is computed by dividing net income or loss applicable to common stock by the weighted average number of common shares outstanding during the period, without considering any dilutive items. Diluted EPS is computed by dividing net income or loss applicable to common stock by the weighted average number of common shares and common stock equivalents for items that are dilutive, net of shares assumed to be repurchased using the treasury stock method at the average share price for the Company’s common stock during the period. Common stock equivalents arise from the assumed exercise of outstanding stock options. Shares owned by the Company’s ESOP that have not been allocated are not considered to be outstanding for the purpose of computing basic and diluted EPS The following table presents a reconciliation of the components used to compute basic and diluted EPS for the periods indicated: Year Ended March 31, (Dollars and share data in thousands, except per share data) 2016 2015 2014 Basic EPS computation: Numerator-net income $ 6,358 $ 4,491 $ 19,423 Denominator-weighted average common shares outstanding 22,450 22,393 22,367 Basic EPS $ 0.28 $ 0.20 $ 0.87 Diluted EPS computation: Numerator-net income $ 6,358 $ 4,491 $ 19,423 Denominator-weighted average common shares outstanding 22,450 22,393 22,367 Effect of dilutive stock options 44 39 2 Weighted average common shares and common stock equivalents 22,494 22,432 22,369 Diluted EPS $ 0.28 $ 0.20 $ 0.87

Fair Value Measurement

Fair Value Measurement	12 Months Ended
	Mar. 31, 2016
Notes
Fair Value Measurement	16. FAIR VALUE MEASUREMENTS GAAP defines fair value, establishes a framework for measuring fair value, and requires certain disclosures about fair value measurements. The categories of fair value measurement prescribed by GAAP and used in the tables presented under fair value measurements are as follows: Quoted prices in active markets for identical assets (Level 1): Inputs that are quoted unadjusted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Other observable inputs (Level 2): Inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in inactive markets and inputs derived principally from or corroborated by observable market data by correlation or other means. Significant unobservable inputs (Level 3): Inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing an asset or liability developed based on the best information available in the circumstances. Financial instruments are presented in the tables that follow by recurring or nonrecurring measurement status. Recurring assets are initially measured at fair value and are required to be remeasured at fair value in the consolidated financial statements at each reporting date. Assets measured on a nonrecurring basis are assets that, as a result of an event or circumstance, were required to be remeasured at fair value after initial recognition in the consolidated financial statements at some time during the reporting period. The following tables present assets that are measured at estimated fair value on a recurring basis at the dates indicated (in thousands). Estimated Fair Value Measurements Using March 31, 2016 Total Estimated Fair Value Level 1 Level 2 Level 3 Investment securities available for sale: Trust preferred $ 1,808 $ - $ - $ 1,808 Agency securities 19,569 - 19,569 - Real estate mortgage investment conduits 43,924 - 43,924 - Mortgage-backed securities 76,353 - 76,353 - Other mortgage-backed securities 9,036 - 9,036 - Total assets measured at fair value on a recurring basis $ 150,690 $ - $ 148,882 $ 1,808 March 31, 2015 Investment securities available for sale: Trust preferred $ 1,812 $ - $ - $ 1,812 Agency securities 13,939 - 13,939 - Real estate mortgage investment conduits 22,709 - 22,709 - Mortgage-backed securities 68,514 - 68,514 - Other mortgage-backed securities 5,489 - 5,489 - Total assets measured at fair value on a recurring basis $ 112,463 $ - $ 110,651 $ 1,812 There were no transfers of assets into or out of Levels 1, 2 or 3 during the years ended March 31, 2016 and 2015. The following table presents a reconciliation of assets that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the periods indicated (in thousands). For the Year Ended March 31, 2016 2015 Beginning balance $ 1,812 $ 1,903 Transfers in to Level 3 - - Included in earnings - - Included in other comprehensive income (4 ) (91 ) Ending balance $ 1,808 $ 1,812 The following methods were used to estimate the fair value of each class of financial instrument above: Investment securities For Level 2 securities, the independent pricing service provides pricing information by utilizing evaluated pricing models supported with market data information. Standard inputs include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data from market research publications. The Company’s third-party pricing service has established processes for the Company to submit inquiries regarding the estimated fair value. In such cases, the Company’s third-party pricing service will review the inputs to the evaluation in light of any new market data presented by the Company. The Company’s third-party pricing service may then affirm the original estimated fair value or may update the evaluation on a go-forward basis. Management reviews the pricing information received from the third-party pricing service through a combination of procedures that include an evaluation of methodologies used by the pricing service, analytical reviews and performance analysis of the prices against statistics and trends. Based on this review, management determines whether the current placement of the security in the fair value hierarchy is appropriate or whether transfers may be warranted. As necessary, the Company compares prices received from the pricing service to discounted cash flow models or by performing independent valuations of inputs and assumptions similar to those used by the pricing service in order to ensure prices represent a reasonable estimate of fair value. The Company has determined that the market for its collateralized debt obligation secured by a pool of trust preferred securities is inactive. This determination was made by the Company after considering the last known trade dates for this specific security, the low number of transactions for similar types of securities, the low number of new issuances for similar securities, the bid-ask spread in the brokered markets in which these securities trade, the implied liquidity risk premium for similar securities, the lack of information that is released publicly and discussions with third-party industry analysts. Due to the inactivity in the market, observable market data was not readily available for all significant inputs for this security. Accordingly, the collateralized debt obligation was classified as Level 3 in the fair value hierarchy. The Company utilized observable inputs where available and unobservable data, and modeled the cash flows adjusted by an appropriate liquidity and credit risk adjusted discount rate using an income approach valuation technique, in order to measure the fair value of the security. Significant unobservable inputs were used that reflect the Company’s estimate of assumptions that a market participant would use to price the security. Significant unobservable inputs included the discount rate, the default rate and repayment assumptions. The Company estimated the discount rate by comparing rates for similarly rated corporate bonds, with additional consideration given to market liquidity. The default rates and repayment assumptions were estimated based on the individual issuer’s financial condition and historical repayment information, as well as the Company’s future expectations of the capital markets. The following tables present assets that are measured at estimated fair value on a nonrecurring basis at the dates indicated (in thousands): Estimated fair value measurements using March 31, 2016 Total estimated fair value Level 1 Level 2 Level 3 Impaired loans $ 1,092 $ - $ - $ 1,092 REO 644 - - 644 Total assets measured at fair value on a nonrecurring basis $ 1,736 $ - $ - $ 1,736 March 31, 2015 Impaired loans $ 3,059 $ - $ - $ 3,059 REO 1,193 - - 1,193 Total assets measured at fair value on a nonrecurring basis $ 4,252 $ - $ - $ 4,252 The following table presents quantitative information about Level 3 inputs for financial instruments measured at fair value on a nonrecurring basis at March 31, 2016 and 2015: Valuation technique Significant unobservable inputs Range (1) Impaired loans Appraised value Adjustment for market conditions N/A REO Appraised value Adjustment for market conditions N/A (1) The following methods were used to estimate the fair values: Impaired loans In determining the estimated net realizable value of the underlying collateral, the Company primarily uses third-party appraisals which may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available and include consideration of variations in location, size, and income production capacity of the property. Additionally, the appraisals are periodically further adjusted by the Company in consideration of charges that may be incurred in the event of foreclosure and are based on management’s historical knowledge, changes in business factors and changes in market conditions. Impaired loans are reviewed and evaluated quarterly for additional impairment and adjusted accordingly based on the same factors identified above. Because of the high degree of judgment required in estimating the fair value of collateral underlying impaired loans and because of the relationship between fair value and general economic conditions, the Company considers the fair value of impaired loans to be highly sensitive to changes in market conditions. REO The Company considers third-party appraisals in determining the fair value of particular properties. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available and include consideration of variations in location, size, and income production capacity of the property. Additionally, the appraisals are periodically further adjusted by the Company in consideration of charges that may be incurred in the event of foreclosure and are based on management’s historical knowledge, changes in business factors and changes in market conditions. Management periodically reviews REO to ensure the property is carried at the lower of its new basis or fair value, net of estimated costs to sell. Any additional write-downs based on a re-evaluation of the property’s fair value are charged to non-interest expense. Because of the high degree of judgment required in estimating the fair value of REO and because of the relationship between fair value and general economic conditions, the Company considers the fair value of REO to be highly sensitive to changes in market conditions. The following disclosure of the estimated fair value of financial instruments is made in accordance with GAAP. The Company, using available market information and appropriate valuation methodologies, has determined the estimated fair value amounts. However, considerable judgment is necessary to interpret market data in the development of the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize in the future. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. The carrying amount and estimated fair value of financial instruments is as follows at the dates indicated (in thousands): March 31, 2016 Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value Assets: Cash and cash equivalents $55,400 $55,400 $- $- $55,400 Certificates of deposit held for investment 16,769 - 16,959 - 16,959 Loans held for sale 503 - 503 - 503 Investment securities available for sale 150,690 - 148,882 1,808 150,690 Investment securities held to maturity 75 - 76 - 76 Loans receivable, net 614,934 - - 571,068 571,068 FHLB stock 1,060 - 1,060 - 1,060 Liabilities: Demand and savings deposits 660,421 660,421 - - 660,421 Time deposits 119,382 - 119,143 - 119,143 Junior subordinated debentures 22,681 - - 7,705 7,705 Capital lease obligations 2,475 - 2,475 - 2,475 March 31, 2015 Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value Assets: Cash and cash equivalents $58,659 $58,659 $- $- $58,659 Certificates of deposit held for investment 25,969 - 26,256 - 26,256 Loans held for sale 778 - 778 - 778 Investment securities available for sale 112,463 - 110,651 1,812 112,463 Investment securities held to maturity 86 - 88 - 88 Loans receivable, net 569,010 - - 548,908 548,908 FHLB stock 5,924 - 5,924 - 5,924 Liabilities: Demand and savings deposits 582,011 582,011 - - 582,011 Time deposits 138,839 - 138,744 - 138,744 Junior subordinated debentures 22,681 - - 9,769 9,769 Capital lease obligations 2,276 - 2,276 - 2,276 Fair value estimates were based on existing financial instruments without attempting to estimate the value of anticipated future business. The fair value was not estimated for assets and liabilities that were not considered financial instruments. Fair value estimates, methods and assumptions are set forth below. Cash and cash equivalents Certificates of deposit held for investment – The fair value of certificates of deposit with stated maturities was based on the discounted value of contractual cash flows. The discount rate was estimated using rates currently available in the local market. Investment securities – See descriptions above. Loans receivable and loans held for sale – Loans receivable were priced using a discounted cash flow analysis. The fair value of loans held for sale was based on the loans’ carrying values as the agreements to sell these loans are short-term fixed rate commitments and no material difference between the carrying value and expected sales price is deemed likely. FHLB stock Deposits – The fair value of deposits with no stated maturities such as non-interest-bearing demand deposits, interest checking, money market and savings accounts was equal to the amount payable on demand. The fair value of time deposits with stated maturities was based on the discounted value of contractual cash flows. The discount rate was estimated using rates currently available in the local market. Junior subordinated debentures Capital lease obligation Off-balance sheet financial instruments – The estimated fair value of loan commitments approximates fees recorded associated with such commitments. Since the majority of the Company’s off-balance-sheet financial instruments consist of non-fee producing, variable rate commitments, the Company has determined they do not have a distinguishable fair value.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Mar. 31, 2016
Notes
Commitments and Contingencies	17. COMMITMENTS AND CONTINGENCIES Off-balance sheet arrangements Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third-party. These guarantees are primarily used to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. Collateral held varies and is required in instances where the Company deems it necessary. Significant off-balance sheet commitments are listed below at the dates indicated (in thousands): Contract or Notional Amount March 31, 2016 March 31, 2015 Commitments to originate loans: Adjustable-rate $ 25,186 $ 13,410 Fixed-rate 16,689 3,652 Standby letters of credit 1,379 1,105 Undisbursed loan funds and unused lines of credit 101,623 82,011 Total $ 144,877 $ 100,178 At March 31, 2016, the Company had firm commitments to sell $1.6 million of residential loans to the FHLMC. Typically, these agreements are short-term fixed-rate commitments and no material gain or loss is likely. Other Contractual Obligations The Bank is a public depository and, accordingly, accepts deposit and other public funds belonging to, or held for the benefit of, Washington and Oregon states, political subdivisions thereof, and municipal corporations. In accordance with applicable state law, in the event of default of a participating bank, all other participating banks in the state collectively assure that no loss of funds are suffered by any public depositor. Generally, in the event of default by a public depositary, the assessment attributable to all public depositaries is allocated on a pro rata basis in proportion to the maximum liability of each depository as it existed on the date of loss. The Company has not incurred any losses related to public depository funds for the years ended March 31, 2016, 2015 and 2014. The Company is party to litigation arising in the ordinary course of business. In the opinion of management, these actions will not have a material effect, if any, on the Company’s consolidated financial position, results of operations and cash flows. The Bank has entered into employment contracts with certain key employees, which provide for contingent payments subject to future events.

Condensed Financial Information

Condensed Financial Information of Parent Company Only Disclosure	12 Months Ended
	Mar. 31, 2016
Notes
Condensed Financial Information of Parent Company Only Disclosure	18. RIVERVIEW BANCORP, INC. (PARENT COMPANY ONLY) BALANCE SHEETS March 31, 2016 AND 2015 ( In thousands) 2016 2015 ASSETS Cash and cash equivalents (including interest earning accounts of $0 and $3,111) $ 1,467 $ 3,140 Investment in the Bank 127,311 121,178 Other assets 2,657 2,439 TOTAL ASSETS $ 131,435 $ 126,757 LIABILITIES AND SHAREHOLDERS’ EQUITY Accrued expenses and other liabilities $ 29 $ 22 Dividend payable 452 253 Borrowings 22,681 22,681 Shareholders' equity 108,273 103,801 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 131,435 $ 126,757 STATEMENTS OF INCOME years ended March 31, 2016, 2015 and 2014 ( In thousands) 2016 2015 2014 INCOME: Dividend income from the Bank $ - $ 6,000 $ - Interest on investment securities and other short-term investments 12 13 13 Interest on loan receivable from the Bank 24 33 42 Total income 36 6,046 55 EXPENSE: Management service fees paid to the Bank 143 143 143 Other expenses 443 457 459 Total expense 586 600 602 INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED INCOME (LOSS) OF THE BANK (550 ) 5,446 (547 ) BENEFIT FOR INCOME TAXES (187 ) (197 ) (1,365 ) INCOME (LOSS) OF PARENT COMPANY (363 ) 5,643 818 EQUITY IN UNDISTRIBUTED INCOME (LOSS) OF THE BANK 6,721 (1,152 ) 18,605 NET INCOME $ 6,358 $ 4,491 $ 19,423 There were no items of other comprehensive income that were solely attributable to the parent Company. RIVERVIEW STATEMENTS OF CASH FLOWS YEARS ENDE D MARCH 31, 2016, 2015 AND 2014 (In thousands) 2016 2015 2014 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 6,358 $ 4,491 $ 19,423 Adjustments to reconcile net income to cash provided by (used in) operating activities: Equity in undistributed (income) loss of the Bank (6,721 ) 1,152 (18,605 ) Provision (benefit) for deferred income taxes 721 (197 ) (1,364 ) Earned ESOP shares 110 102 68 Stock based compensation - 26 78 Changes in assets and liabilities: Other assets (941 ) 110 131 Accrued expenses and other liabilities (1 ) (3,698 ) 355 Net cash provided by (used in) operating activities (474 ) 1,986 86 CASH FLOWS FROM FINANCING ACTIVITIES: Dividends paid (1,261 ) - - Proceeds from exercise of stock options 62 48 - Net cash provided by (used in) financing activities (1,199 ) 48 - NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,673 ) 2,034 86 CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 3,140 1,106 1,020 CASH AND CASH EQUIVALENTS, END OF YEAR $ 1,467 $ 3,140 $ 1,106 Riverview Bancorp, Inc. Selected Quarterly Financial Data (Unaudited): (Dollars in thousands, except share data) Three Months Ended March 31 December 31 September 30 June 30 Fiscal 2016: Interest and dividend income $ 7,864 $ 7,921 $ 7,602 $ 7,561 Interest expense 432 434 439 437 Net interest income 7,432 7,487 7,163 7,124 Recapture of loan losses (350 ) - (300 ) (500 ) Non-interest income, net 2,193 2,417 2,216 2,549 Non-interest expense 7,569 7,349 7,284 7,745 Income before income taxes 2,406 2,555 2,395 2,428 Provision for income taxes 1,001 849 743 833 Net income $ 1,405 $ 1,706 $ 1,652 $ 1,595 Basic earnings per share (1) $ 0.06 $ 0.08 $ 0.07 $ 0.07 Diluted earnings per share (1) $ 0.06 $ 0.08 $ 0.07 $ 0.07 March 31 December 31 September 30 June 30 Fiscal 2015: Interest and dividend income $ 7,347 $ 7,203 $ 7,210 $ 6,866 Interest expense 434 485 490 507 Net interest income 6,913 6,718 6,720 6,359 Recapture of loan losses (750 ) (400 ) (350 ) (300 ) Non-interest income, net 2,178 2,264 2,223 2,210 Non-interest expense 7,689 7,646 7,674 7,735 Income before income taxes 2,152 1,736 1,619 1,134 Provision for income taxes 634 587 535 394 Net income $ 1,518 $ 1,149 $ 1,084 $ 740 Basic earnings per share (1) $ 0.07 $ 0.05 $ 0.05 $ 0.03 Diluted earnings per share (1) $ 0.07 $ 0.05 $ 0.05 $ 0.03

Summary of Significant Accoun27

Summary of Significant Accounting Policies: Principles of Consolidation (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Principles of Consolidation	Principles of Consolidation The Company has also established two subsidiary grantor trusts in connection with the issuance of trust preferred securities (see Note 10). In accordance with accounting principles generally accepted in the United States of America (“generally accepted accounting principles” or “GAAP”), the accounts and transactions of the trusts are not included in the accompanying consolidated financial statements.

Summary of Significant Accoun28

Summary of Significant Accounting Policies: Nature of Operations (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Nature of Operations	Nature of Operations

Summary of Significant Accoun29

Summary of Significant Accounting Policies: Segment Reporting, Policy (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Segment Reporting, Policy	Business segments

Summary of Significant Accoun30

Summary of Significant Accounting Policies: Use of Estimates, Policy (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Use of Estimates, Policy	Use of Estimates in the Preparation of Financial Statements

Summary of Significant Accoun31

Summary of Significant Accounting Policies: Cash and Cash Equivalents Policy (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Cash and Cash Equivalents Policy	Cash and Cash Equivalents

Summary of Significant Accoun32

Summary of Significant Accounting Policies: Certificates of Deposit Held for Investment (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Certificates of Deposit Held for Investment	Certificates of Deposit Held for Investment – Certificates of deposit held for investment include amounts invested with financial institutions for a stated interest rate and maturity date. Early withdraw penalties apply; however, the Company plans to hold these investments to maturity.

Summary of Significant Accoun33

Summary of Significant Accounting Policies: Loans Held for Sale (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Loans Held for Sale	Loans Held for Sale Gains or losses on sales of loans held for sale are recognized at the time of sale and are determined by the difference between the net sales proceeds and the allocated basis of these loans sold. The Company capitalizes mortgage servicing rights (“MSRs”) acquired through the sale of originated mortgage loans or the securitization of mortgage loans with servicing rights retained. Upon sale of mortgage loans held for sale, the total cost of the loans designated for sale is allocated to mortgage loans with and without MSRs based on their relative fair values. The MSRs are included as a component of gain on sale of loans. The MSRs are amortized in proportion to and over the estimated period of the net servicing income and such amortization is reflected as a component of loan servicing income and is included in the consolidated statements of income under other non-interest income.

Summary of Significant Accoun34

Summary of Significant Accounting Policies: Securities, Policy (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Securities, Policy	Investment Securities The Company analyzes investment securities for other than temporary impairment (“OTTI”) on a quarterly basis. OTTI is separated into a credit component and noncredit component. Credit component losses are reported in non-interest income when the present value of expected future cash flows is less than the amortized cost. Noncredit component losses are recorded in other comprehensive income (loss) when the Company (1) does not intend to sell the security or (2) is not more likely than not to have to sell the security prior to the security’s anticipated recovery. If the Company is likely to sell an investment security, any noncredit component losses are recognized, as of the sale date, and are reported in non-interest income.

Summary of Significant Accoun35

Summary of Significant Accounting Policies: Loans, Policy (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Loans, Policy	Loans Receivable Loans are reviewed regularly and it is the Company’s general policy that a loan is past due when it is 30 days to 89 days delinquent. In general, when a loan is 90 days delinquent or when collection of principal or interest appears doubtful, it is placed on non-accrual status, at which time the accrual of interest ceases and a reserve for unrecoverable accrued interest is established and charged against operations. As a general practice, payments received on non-accrual loans are applied to reduce the outstanding principal balance on a cost recovery method. Also as a general practice, a loan is not removed from non-accrual status until all delinquent principal, interest and late fees have been brought current and the borrower has demonstrated a history of performance based upon the contractual terms of the note. A history of repayment performance generally would be a minimum of six months. Loan origination and commitment fees and certain direct loan origination costs are deferred and amortized as an adjustment of the yield of the related loan.

Summary of Significant Accoun36

Summary of Significant Accounting Policies: Allowance for Loan Losses Policy (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Allowance for Loan Losses Policy	Allowance for Loan Losses The specific component relates to loans that are considered impaired. For loans that are classified as impaired, an allowance is established when the discounted cash flows or collateral value (less estimated selling costs, if applicable) of the impaired loan is lower than the carrying value of that loan. The general component covers non-impaired loans based on the Company’s risk rating system and historical loss experience adjusted for qualitative factors. The Company calculates its historical loss rates using the average of the last four quarterly 24-month periods. The Company calculates and applies its historical loss rates by individual loan types in its portfolio. These historical loss rates are adjusted for qualitative and environmental factors. An unallocated component is maintained to cover uncertainties that the Company believes have resulted in incurred losses that have not yet been allocated to specific elements of the general and specific components of the allowance for loan losses. Such factors include uncertainties in economic conditions, uncertainties in identifying triggering events that directly correlate to subsequent loss rates, changes in appraised value of underlying collateral, risk factors that have not yet manifested themselves in loss allocation factors and historical loss experience data that may not precisely correspond to the current portfolio or economic conditions. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. The appropriate allowance level is estimated based upon factors and trends identified by the Company as of the date of the filing of the consolidated financial statements. When available information confirms that specific loans or portions thereof are uncollectible, identified amounts are charged against the allowance for loan losses. The existence of some or all of the following criteria will generally confirm that a loss has been incurred: the loan is significantly delinquent and the borrower has not demonstrated the ability or intent to bring the loan current; the Company has no recourse to the borrower, or if it does, the borrower has insufficient assets to pay the debt; and/or the estimated fair value of the loan collateral is significantly below the current loan balance, and there is little or no near-term prospect for improvement. A loan is considered impaired when it is probable that the Company will be unable to collect all amounts due (principal and interest) according to the contractual terms of the loan agreement. Typically, factors used in determining if a loan is impaired include, but are not limited to, whether the loan is 90 days or more delinquent, internally designated as substandard or worse, on non-accrual status or represents a troubled debt restructuring (“TDR”). The majority of the Company’s impaired loans are considered collateral dependent. When a loan is considered collateral dependent, impairment is measured using the estimated value of the underlying collateral, less any prior liens, and when applicable, less estimated selling costs. For impaired loans that are not collateral dependent, impairment is measured using the present value of expected future cash flows, discounted at the loan’s original effective interest rate. When the estimated net realizable value of the impaired loan is less than the recorded investment in the loan (including accrued interest, net deferred loan fees or costs, and unamortized premium or discount), an impairment is recognized by adjusting an allocation of the allowance for loan losses. Subsequent to the initial allocation of allowance to the individual loan, the Company may conclude that it is appropriate to record a charge-off of the impaired portion of the loan. When a charge-off is recorded, the loan balance is reduced and the specific allowance is eliminated. Generally, when a collateral dependent loan is initially measured for impairment and has not had an appraisal of the collateral in the last six months, the Company obtains an updated market valuation. Subsequently, the Company generally obtains an updated market valuation of the collateral on an annual basis. The collateral valuation may occur more frequently if the Company determines that there is an indication that the market value may have declined. In accordance with the Company’s policy guidelines, unsecured loans are generally charged-off when no payments have been received for three consecutive months unless an alternative action plan is in effect. Consumer installment loans delinquent six months or more that have not received at least 75% of their required monthly payment in the last 90 days are charged-off. In addition, loans discharged in bankruptcy proceedings are charged-off. Loans under bankruptcy protection with no payments received for four consecutive months are charged-off. The outstanding balance of a secured loan that is in excess of the net realizable value is generally charged-off if no payments are received for four to five consecutive months. However, charge-offs are postponed if alternative proposals to restructure, obtain additional guarantors, obtain additional assets as collateral or a potential sale of the underlying collateral would result in full repayment of the outstanding loan balance. Once any other potential sources of repayment are exhausted, the impaired portion of the loan is charged-off. Regardless of whether a loan is unsecured or collateralized, once an amount is determined to be a confirmed loan loss it is promptly charged off. A provision for loan losses is charged against income and is added to the allowance for loan losses based on regular assessments of the loan portfolio. The allowance for loan losses is allocated to certain loan categories based on the relative risk characteristics, asset classifications and actual loss experience of the loan portfolio. While management has allocated the allowance for loan losses to various loan portfolio segments, the allowance is general in nature and is available for the loan portfolio in its entirety. Management’s evaluation of the allowance for loan losses is based on ongoing, quarterly assessments of the known and inherent risks in the loan portfolio. Loss factors are based on the Company’s historical loss experience with additional consideration and adjustments made for changes in economic conditions, changes in the amount and composition of the loan portfolio, delinquency rates, changes in collateral values, seasoning of the loan portfolio, duration of the current business cycle, a detailed analysis of impaired loans and other factors as deemed appropriate. These factors are evaluated on a quarterly basis. Loss rates used by the Company are affected as changes in these factors increase or decrease from quarter to quarter. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses, and may require the Company to make additions to the allowance based on their judgment about information available to them at the time of their examinations.

Summary of Significant Accoun37

Summary of Significant Accounting Policies: Allowance for Unfunded Loan Commitments (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Allowance for Unfunded Loan Commitments	Allowance for Unfunded Loan Commitments

Summary of Significant Accoun38

Summary of Significant Accounting Policies: Real Estate Owned ('REO'), Policy (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Real Estate Owned ('REO'), Policy	Real Estate Owned (“REO”)

Summary of Significant Accoun39

Summary of Significant Accounting Policies: Federal Home Loan Bank Stock (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Federal Home Loan Bank Stock	Federal Home Loan Bank Stock

Summary of Significant Accoun40

Summary of Significant Accounting Policies: Premises and Equipment, Policy (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Premises and Equipment, Policy	Premises and Equipment The capitalized lease, less accumulated amortization is included in premises and equipment. The capitalized lease is amortized on a straight-line basis over the lease term and the amortization is included in depreciation expense.

Summary of Significant Accoun41

Summary of Significant Accounting Policies: Mortgage Servicing Rights Policy (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Mortgage Servicing Rights Policy	MSRs – The Company records its originated MSRs at fair value in accordance with GAAP, which requires the Company to allocate the total cost of all mortgage loans sold to the MSRs and the loans (without the MSRs) based on their relative fair values if it is practicable to estimate those fair values. The Company stratifies its MSRs based on the predominant characteristics of the underlying financial assets including the coupon interest rate and the contractual maturity of the mortgage. An estimated fair value of MSRs is determined quarterly using a discounted cash flow model. The model estimates the present value of the future net cash flows of the servicing portfolio based on various factors, such as servicing costs, servicing income, expected prepayment speeds, discount rate, loan maturity and interest rate. Market sources are used to determine prepayment speeds, ancillary income, servicing cost and pre-tax required yield. The effect of changes in market interest rates on estimated rates of loan prepayments represents the predominant risk characteristic underlying the MSRs portfolio. The Company is amortizing the MSRs in proportion to and over the period of estimated net servicing income. MSRs are reviewed quarterly for impairment based on their estimated fair value. The estimated fair value of the MSRs, for the purposes of impairment, is measured using the methods described above. Impairment losses are recognized through a valuation allowance for each impaired stratum, with any associated provision recorded as a component of loan servicing income.

Summary of Significant Accoun42

Summary of Significant Accounting Policies: Goodwill and Intangible Assets, Goodwill, Policy (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Goodwill and Intangible Assets, Goodwill, Policy	Goodwill –

Summary of Significant Accoun43

Summary of Significant Accounting Policies: Bank Owned Life Insurance ("boli"), Policy (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Bank Owned Life Insurance ("boli"), Policy	Bank owned life insurance (“BOLI”)

Summary of Significant Accoun44

Summary of Significant Accounting Policies: Advertising and Marketing Expense, Policy (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Advertising and Marketing Expense, Policy	Advertising and Marketing

Summary of Significant Accoun45

Summary of Significant Accounting Policies: Income Tax, Policy (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Income Tax, Policy	Income Taxes

Summary of Significant Accoun46

Summary of Significant Accounting Policies: Transfer of Financial Assets (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Transfer of Financial Assets	Transfer of financial assets

Summary of Significant Accoun47

Summary of Significant Accounting Policies: Trust Assets, Policy (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Trust Assets, Policy	Trust Assets

Summary of Significant Accoun48

Summary of Significant Accounting Policies: Earnings Per Share, Policy (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Earnings Per Share, Policy	Earnings Per Share

Summary of Significant Accoun49

Summary of Significant Accounting Policies: Share-based Compensation, Option and Incentive Plans Policy (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Share-based Compensation, Option and Incentive Plans Policy	Stock-Based Compensation

Summary of Significant Accoun50

Summary of Significant Accounting Policies: Employee Stock Ownership Plan (ESOP), Policy (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
Employee Stock Ownership Plan (ESOP), Policy	ESOP

Summary of Significant Accoun51

Summary of Significant Accounting Policies: New Accounting Pronouncements, Policy (Policies)	12 Months Ended
	Mar. 31, 2016
Policies
New Accounting Pronouncements, Policy	New Accounting Pronouncements – In August 2014, the FASB issued ASU 2014-15, “Presentation of Financial Statements – Going Concern" (“ASU 2014-15”). ASU 2014-15 provides guidance in connection with preparing financial statements for each annual and interim reporting period for which an entity’s management should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the consolidated financial statements are issued (or within one year after the date that the consolidated financial statements are available to be issued when applicable). ASU 2014-15 is effective for annual periods ending after December 15, 2016, and for interim periods within annual periods beginning after December 15, 2016. The adoption of ASU 2014-15 is not expected to have a significant impact on the Company's consolidated financial statements. In January 2015, the FASB issued ASU 2015-01, “Income Statement – Extraordinary and Unusual Items” (“ASU 2015-01”). ASU 2015-01 eliminates the need to separately classify, present and disclose extraordinary events. The disclosure of events or transactions that are unusual or infrequent in nature will be included in other guidance. The amendments in ASU 2015-01 are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. The adoption of ASU 2015-01 is not expected to have a significant impact on the Company’s consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities” (“ASU 2016-01”). ASU 2016-01 generally requires equity investments – except those accounted for under the equity method of accounting or those that result in consolidation of the investee – to be measured at fair value with changes in fair value recognized in net income. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. ASU 2016-01 is intended to simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently evaluating the impact that the adoption of ASU 2016-01 will have on the Company’s future consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases” (“ASU 2016-02”). ASU 2016-02 is intended to increase transparency and comparability among organizations by requiring the recognition of lease assets and lease liabilities on the balance sheet and disclosure of key information about leasing arrangements. The principal change required by this ASU relates to lessee accounting, and is that for operating leases, a lessee is required to (1) recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments, in the statement of financial position, (2) recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term on a generally straight-line basis, and (3) classify all cash payments within operating activities in the statement of cash flows. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the lease term. ASU 2016-02 also changes disclosure requirements related to leasing activities, and requires certain qualitative disclosures along with specific quantitative disclosures. The amendments in ASU 2016-02 are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018. Early application of the amendments in ASU 2016-02 is permitted. The Company is currently evaluating the impact that the adoption of ASU 2016-02 will have on the Company’s future consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, “Improvements to Employee Share-Based Payment Accounting” (“ASU 2016-09”). ASU 2016-09 includes provisions intended to simplify various aspects related to how share-based payments are accounted for and presented in the financial statements. ASU 2016-09 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2016. The Company is currently evaluating the impact that the adoption of ASU 2016-09 will have on the Company’s future consolidated financial statements.

Investment Securities_ Investme

Investment Securities: Investment Securities (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Investment Securities	Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value March 31, 2016 Available for sale: Trust preferred $ 1,919 $ - $ (111 ) $ 1,808 Agency securities 19,520 63 (14 ) 19,569 Real estate mortgage investment conduits (1) 43,293 632 (1 ) 43,924 Mortgage-backed securities (1) 75,404 980 (31 ) 76,353 Other mortgage-backed securities (2) 8,875 185 (24 ) 9,036 Total available for sale $ 149,011 $ 1,860 $ (181 ) $ 150,690 Held to maturity: Mortgage-backed securities (3) 75 $ 1 $ - $ 76 March 31, 2015 Available for sale: Trust preferred $ 1,919 $ - $ (107 ) $ 1,812 Agency securities 14,008 38 (107 ) 13,939 Real estate mortgage investment conduits (3) 22,455 255 (1 ) 22,709 Mortgage-backed securities (1) 67,568 1,006 (60 ) 68,514 Other mortgage-backed securities (2) 5,359 142 (12 ) 5,489 Total available for sale $ 111,309 $ 1,441 $ (287 ) $ 112,463 Held to maturity: Mortgage-backed securities (3) $ 86 $ 2 $ - $ 88 (1) (2) (3)

Investment Securities_ Invest53

Investment Securities: Investments Classified by Contractual Maturity Date (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Investments Classified by Contractual Maturity Date	Available for Sale Held to Maturity Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Due after one year through five years $ 18,982 $ 19,097 $ - $ - Due after five years through ten years 17,418 17,631 66 67 Due after ten years 112,611 113,962 9 9 Total $ 149,011 $ 150,690 $ 75 $ 76

Investment Securities_ Schedule

Investment Securities: Schedule of Temporarily Impaired Securities, Fair Value and Unrealized losses (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Temporarily Impaired Securities, Fair Value and Unrealized losses	Less than 12 months 12 months or longer Total Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses March 31, 2016 Available for sale: Trust preferred $ - $ - $ 1,808 $ (111 ) $ 1,808 $ (111 ) Agency securities 5,508 (6 ) 4,991 (8 ) 10,499 (14 ) Real estate mortgage investment conduits (1) 1,636 (1 ) - - 1,636 (1 ) Mortgage-backed securities (2) 831 (10 ) 3,051 (21 ) 3,882 (31 ) Other mortgage-backed securities (3) 1,891 (6 ) 1,229 (18 ) 3,120 (24 ) Total available for sale $ 9,866 $ (23 ) $ 11,079 $ (158 ) $ 20,945 $ (181 ) March 31, 2015 Available for sale: Trust preferred $ - $ - $ 1,812 $ (107 ) $ 1,812 $ (107 ) Agency securities - - 12,893 (107 ) 12,893 (107 ) Real estate mortgage investment conduits (1) 1,323 (1 ) - - 1,323 (1 ) Mortgage-backed securities (2) - - 5,098 (60 ) 5,098 (60 ) Other mortgage-backed securities (3) - - 1,417 (12 ) 1,417 (12 ) Total available for sale $ 1,323 $ (1 ) $ 21,220 $ (286 ) $ 22,543 $ (287 ) (1) (2) (3)

Loans Receivable_ Schedule of A

Loans Receivable: Schedule of Accounts, Notes, Loans and Financing Receivable (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Accounts, Notes, Loans and Financing Receivable	March 31, 2016 March 31, 2015 Commercial and construction Commercial business $ 69,397 $ 77,186 Commercial real estate 353,749 299,691 Land 12,045 15,358 Multi-family 33,733 30,457 Real estate construction 26,731 30,498 Total commercial and construction 495,655 453,190 Consumer Real estate one-to-four family 88,780 89,801 Other installment (1) 40,384 36,781 Total consumer 129,164 126,582 Total loans 624,819 579,772 Less: Allowance for loan losses 9,885 10,762 Loans receivable, net $ 614,934 $ 569,010 (1)

Loans Receivable_ Schedule of R

Loans Receivable: Schedule of Related Party Transactions (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Related Party Transactions	Year Ended March 31, 2016 2015 2014 Beginning balance $ 1,233 $ 854 $ 1,609 Originations 53 511 - Principal repayments (445 ) (132 ) (755 ) Ending balance $ 841 $ 1,233 $ 854

Allowance For Loan Losses_ Sche

Allowance For Loan Losses: Schedule of reconciliation of the allowance for loan losses (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of reconciliation of the allowance for loan losses	March 31, 2016 Commercial Business Commercial Real Estate Land Multi-Family Real Estate Construction Consumer Unallocated Total Beginning balance $1,263 $4,268 $539 $348 $769 $2,548 $1,027 $10,762 Provision for (recapture of) loan losses (245) 5 (545) 364 (359) (51) (319) (1,150) Charge-offs - - - - - (274) - (274) Recoveries 30 - 331 - 6 180 - 547 Ending balance $1,048 $4,273 $325 $712 $416 $2,403 $708 $9,885 March 31, 2015 Commercial Business Commercial Real Estate Land Multi-Family Real Estate Construction Consumer Unallocated Total Beginning balance $2,409 $5,269 $340 $203 $387 $2,653 $1,290 $12,551 Provision for (recapture of) loan losses (1,060) (768) (72) 145 382 (164) (263) (1,800) Charge-offs (120) (233) - - - (111) - (464) Recoveries 34 - 271 - - 170 - 475 Ending balance $1,263 $4,268 $539 $348 $769 $2,548 $1,027 $10,762 March 31, 2014 Commercial Business Commercial Real Estate Land Multi-Family Real Estate Construction Consumer Unallocated Total Beginning balance $2,128 $5,979 $2,019 $541 $221 $2,949 $1,806 $15,643 Provision for (recapture of) loan losses 95 (417) (2,439) (338) 173 (258) (516) (3,700) Charge-offs (340) (316) (90) - (11) (349) - (1,106) Recoveries 526 23 850 - 4 311 - 1,714 Ending balance $2,409 $5,269 $340 $203 $387 $2,653 $1,290 $12,551

Allowance For Loan Losses_ Sc58

Allowance For Loan Losses: Schedule of Impaired Financing Receivables (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Impaired Financing Receivables	Allowance for Loan Losses Recorded Investment in Loans March 31, 2016 Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Commercial business $ - $ 1,048 $ 1,048 $ 192 $ 69,205 $ 69,397 Commercial real estate - 4,273 4,273 9,802 343,947 353,749 Land - 325 325 801 11,244 12,045 Multi-family - 712 712 1,731 32,002 33,733 Real estate construction - 416 416 - 26,731 26,731 Consumer 110 2,293 2,403 1,678 127,486 129,164 Unallocated - 708 708 - - - Total $ 110 $ 9,775 $ 9,885 $ 14,204 $ 610,615 $ 624,819 March 31, 2015 Commercial business $ - $ 1,263 $ 1,263 $ 1,091 $ 76,095 $ 77,186 Commercial real estate - 4,268 4,268 15,939 283,752 299,691 Land - 539 539 801 14,557 15,358 Multi-family - 348 348 1,922 28,535 30,457 Real estate construction - 769 769 - 30,498 30,498 Consumer 147 2,401 2,548 2,622 123,960 126,582 Unallocated - 1,027 1,027 - - - Total $ 147 $ 10,615 $ 10,762 $ 22,375 $ 557,397 $ 579,772

Allowance For Loan Losses_ Sc59

Allowance For Loan Losses: Schedule of Changes in the allowance for unfunded loan commitments (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Changes in the allowance for unfunded loan commitments	Year Ended March 31, 2016 2015 2014 Beginning balance $ 259 $ 294 $ 229 Net change in allowance for unfunded loan commitments 65 (35 ) 65 Ending balance $ 324 $ 259 $ 294

Allowance For Loan Losses_ Fina

Allowance For Loan Losses: Financing Receivables, Aging of loans (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Financing Receivables, Aging of loans	March 31, 2016 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 $ - $ - $ - $ - $ 69,397 $ 69,397 Commercial real estate - - 1,559 1,559 352,190 353,749 Land - - 801 801 11,244 12,045 Multi-family - - - - 33,733 33,733 Real estate construction - - - - 26,731 26,731 Consumer 611 20 334 965 128,199 129,164 Total $ 611 $ 20 $ 2,694 $ 3,325 $ 621,494 $ 624,819 March 31, 2015 Commercial business $ 359 $ - $ - $ 359 $ 76,827 $ 77,186 Commercial real estate 225 - 3,291 3,516 296,175 299,691 Land - - 801 801 14,557 15,358 Multi-family - - - - 30,457 30,457 Real estate construction - - - - 30,498 30,498 Consumer 902 - 1,226 2,128 124,454 126,582 Total $ 1,486 $ - $ 5,318 $ 6,804 $ 572,968 $ 579,772

Allowance For Loan Losses_ Sc61

Allowance For Loan Losses: Schedule of Credit Quality Indicators (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Credit Quality Indicators	March 31, 2016 Pass Special Mention Substandard Doubtful Loss Total Loans Receivable Commercial business $ 68,221 $ 813 $ 363 $ - $ - $ 69,397 Commercial real estate 343,306 7,659 2,784 - - 353,749 Land 9,760 1,484 801 - - 12,045 Multi-family 33,721 - 12 - - 33,733 Real estate construction 26,731 - - - - 26,731 Consumer 128,830 - 334 - - 129,164 Total $ 610,569 $ 9,956 $ 4,294 $ - $ - $ 624,819 March 31, 2015 Commercial business $ 75,643 $ 977 $ 566 $ - $ - $ 77,186 Commercial real estate 277,156 15,570 6,965 - - 299,691 Land 11,665 2,892 801 - - 15,358 Multi-family 28,508 14 1,935 - - 30,457 Real estate construction 28,670 - 1,828 - - 30,498 Consumer 125,356 - 1,226 - - 126,582 Total $ 546,998 $ 19,453 $ 13,321 $ - $ - $ 579,772

Allowance For Loan Losses_ Impa

Allowance For Loan Losses: Impaired Financing Receivables (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Impaired Financing Receivables	March 31, 2016 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 $ 192 $ - $ 192 $ 192 $ - Commercial real estate 9,802 - 9,802 10,758 - Land 801 - 801 807 - Multi-family 1,731 - 1,731 1,871 - Consumer 477 1,201 1,678 1,845 110 Total $ 13,003 $ 1,201 $ 14,204 $ 15,473 $ 110 March 31, 2015 Commercial business $ 1,091 $ - $ 1,091 $ 1,125 $ - Commercial real estate 15,939 - 15,939 17,188 - Land 801 - 801 804 - Multi-family 1,922 - 1,922 2,058 - Consumer 1,276 1,346 2,622 3,211 147 Total $ 21,029 $ 1,346 $ 22,375 $ 24,386 $ 147

Allowance For Loan Losses_ Sc63

Allowance For Loan Losses: Schedule of Impaired Loans, Average Recorded Investment and Interest Recognized (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Impaired Loans, Average Recorded Investment and Interest Recognized	Year ended March 31, 2016 Year ended March 31, 2015 Year ended March 31, 2014 Average Recorded Investment Interest Recognized on Impaired Loans Average Recorded Investment Interest Recognized on Impaired Loans Average Recorded Investment Interest Recognized on Impaired Loans Commercial business $ 542 $ 17 $ 1,075 $ 62 $ 1,150 $ 43 Commercial real estate 13,130 456 17,136 478 19,451 472 Land 801 - 817 - 1,854 5 Multi-family 1,842 99 2,176 17 2,758 16 Real estate construction - - - - 69 - Consumer 1,947 72 3,187 85 3,679 47 Total $ 18,262 $ 644 $ 24,391 $ 642 $ 28,961 $ 583

Allowance For Loan Losses_ Sc64

Allowance For Loan Losses: Schedule of TDRs by interest accrual status (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of TDRs by interest accrual status	March 31, 2016 March 31, 2015 Accrual Nonaccrual Total Accrual Nonaccrual Total Commercial business $ 192 $ - $ 192 $ 1,091 $ - $ 1,091 Commercial real estate 8,244 1,289 9,533 12,647 2,298 14,945 Land - 801 801 - 801 801 Multi-family 1,731 - 1,731 1,922 - 1,922 Consumer 1,678 - 1,678 1,673 949 2,622 Total $ 11,845 $ 2,090 $ 13,935 $ 17,333 $ 4,048 $ 21,381

Allowance For Loan Losses_ Trou

Allowance For Loan Losses: Troubled Debt Restructurings on Financing Receivables (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Troubled Debt Restructurings on Financing Receivables	Year ended March 31, 2016 Year ended March 31, 2015 Year ended March 31, 2014 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial business - $ - $ - - $ - $ - 3 $ 504 $ 465 Commercial real estate - - - 1 344 327 4 6,295 6,210 Multi-family - - - - - - 1 2,562 2,014 Consumer - - - - - - 4 573 561 Total - $ - $ - 1 $ 344 $ 327 12 $ 9,934 $ 9,250

Premises and Equipment_ Schedul

Premises and Equipment: Schedule of Premises and Equipment (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Premises and Equipment	March 31, 2016 2015 Land $ 4,177 $ 4,177 Buildings and improvements 13,974 13,971 Leasehold improvements 1,286 1,286 Furniture and equipment 9,876 10,471 Building under capitalized lease 2,956 2,715 Construction in progress 720 720 Total 32,989 33,340 Less accumulated depreciation and amortization (18,394 ) (17,906 ) Premises and equipment, net $ 14,595 $ 15,434

Premises and Equipment_ Sched67

Premises and Equipment: Schedule of Future Minimum Lease Payments for Capital Leases (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Future Minimum Lease Payments for Capital Leases	Year Ending March 31: Operating Leases Capital Lease 2017 $ 1,382 $ 197 2018 1,325 198 2019 1,220 202 2020 1,190 205 2021 672 208 Thereafter 1,981 4,268 Total minimum lease payments $ 7,770 5,278 Less amount representing interest (2,803 ) Present value of net minimum lease payments $ 2,475

Real Estate Owned_ Schedule of

Real Estate Owned: Schedule of activity in REO (Real Estate Owned) (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of activity in REO (Real Estate Owned)	Year Ended March 31, 2016 2015 2014 Balance at beginning of year, net $ 1,603 $ 7,703 $ 15,638 Additions 298 1,512 6,564 Dispositions (937 ) (6,897 ) (12,443 ) Writedowns (369 ) (715 ) (2,056 ) Balance at end of year, net $ 595 $ 1,603 $ 7,703

Deposits_ Schedule of Deposit A

Deposits: Schedule of Deposit Accounts (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Deposit Accounts	Account Type March 31, 2016 March 31, 2015 Non-interest-bearing $ 179,143 $ 151,953 Interest-bearing checking 144,740 115,461 Money market 239,544 237,465 Savings accounts 96,994 77,132 Certificates of deposit 119,382 138,839 Total $ 779,803 $ 720,850

Deposits_ Schedule of maturitie

Deposits: Schedule of maturities of certificates of deposit for future years (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of maturities of certificates of deposit for future years	Year Ending March 31: 2017 $ 76,823 2018 20,859 2019 10,203 2020 5,211 2021 2,169 Thereafter 4,117 Total $ 119,382

Deposits_ Schedule of Interest

Deposits: Schedule of Interest Expense by Deposit Type (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Interest Expense by Deposit Type	Year Ended March 31, 2016 2015 2014 Interest checking $ 99 $ 79 $ 102 Money market 272 277 477 Savings accounts 85 71 87 Certificates of deposit 717 899 1,307 Total $ 1,173 $ 1,326 $ 1,973

Junior Subordinated Debenture_

Junior Subordinated Debenture: Schedule of terms of the current Debentures (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of terms of the current Debentures	Issuance Trust Issuance Date Amount Outstanding Rate Type Initial Rate Current Rate Maturing Date Riverview Bancorp Statutory Trust I 12/2005 $ 7,217 Variable (1) 5.88 % 1.99 % 3/2036 Riverview Bancorp Statutory Trust II 06/2007 15,464 Variable (2) 7.03 % 1.98 % 9/2037 $ 22,681 (1) (2)

Income Taxes_ Schedule of Compo

Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Components of Income Tax Expense (Benefit)	Year Ended March 31 2016 2015 2014 Current $ 251 $ 16 $ 19 Deferred 3,175 2,140 (15,100 ) Total $ 3,426 $ 2,156 $ (15,081 )

Income Taxes_ Schedule of Defer

Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities	March 31, 2016 March 31, 2015 Deferred tax assets: Deferred compensation $ 128 $ 107 Allowance for loan losses 3,624 3,913 Accrued expenses 199 193 Accumulated depreciation 908 789 Deferred gain on sale 418 475 Net operating loss carryforwards 4,849 8,150 Impairment on investment security - 151 REO expense 49 155 Non-compete agreement 53 66 Other 526 558 Total deferred tax asset 10,754 14,557 Deferred tax liabilities: FHLB stock dividend (143 ) (857 ) Purchase accounting - (1 ) Net unrealized gain on investment securities available for sale (596 ) (393 ) Prepaid expense (172 ) (198 ) Loan fees/costs (654 ) (540 ) Total deferred tax liability (1,565 ) (1,989 ) Deferred tax asset, net $ 9,189 $ 12,568

Income Taxes_ Schedule of Effec

Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Effective Income Tax Rate Reconciliation	Year Ended March 31, 2016 2015 2 0 14 Statutory federal income tax rate 34.0 % 34.0 % 34.0 % State and local income tax rate 1.5 1.6 1.5 ESOP market value adjustment (0.1 ) - (0.3 ) Bank owned life insurance (2.8 ) (3.8 ) (4.4 ) Valuation adjustment - - (365.9 ) Other, net 2.2 0.4 (5.9 ) Effective federal income tax rate 34.8 % 32.2 % (341.0 )%

Employee Benefit Plans_ Schedul

Employee Benefit Plans: Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	Risk Free Interest Rate Expected Life (years) Expected Volatility Expected Dividends Fiscal 2014 1.95 % 6.25 51.87 % 2.04 %

Employee Benefit Plans_ Sched77

Employee Benefit Plans: Schedule of activity related to options under all plans (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of activity related to options under all plans	Year Ended March 31, 2016 2015 2014 Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Balance, beginning of period 424,654 $ 8.00 474,654 $ 7.91 407,500 $ 9.05 Grants - - - - 87,154 2.78 Options exercised (18,000 ) 3.49 (18,000 ) 2.69 - - Forfeited (29,000 ) 10.00 (32,000 ) 9.55 - - Expired (154,000 ) 12.92 - - (20,000 ) 8.98 Balance, end of period 223,654 $ 4.73 424,654 $ 8.00 474,654 $ 7.91

Employee Benefit Plans_ Sched78

Employee Benefit Plans: Schedule of additional information regarding options outstanding, by exercise price range (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of additional information regarding options outstanding, by exercise price range	` Options Outstanding Options Exercisable Range of Exercise Price Weighted Avg Remaining Contractual Life (years) Number Weighted Average Exercise Price Number Weighted Average Exercise Price $1.97 - $6.17 4.66 201,154 $ 3.82 201,154 $ 3.82 $7.49 - $9.51 2.22 2,500 8.12 2,500 8.12 $10.10 - $10.83 1.96 5,000 10.18 5,000 10.18 $12.98 - $14.52 1.23 15,000 14.49 15,000 14.49 4.34 223,654 $ 4.73 223,654 $ 4.73

Employee Benefit Plans_ Sched79

Employee Benefit Plans: Schedule of Stock Options Outstanding, less estimated forfeitures (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Stock Options Outstanding, less estimated forfeitures	Year Ended March 31, 2016 Year Ended March 31, 2015 Stock options fully vested and expected to vest: Number 223,654 424,654 Weighted average exercise price $ 4.73 $ 8.00 Aggregate intrinsic value (1) $ 147,000 $ 225,000 Weighted average contractual term of options (years) 4.34 3.57 Stock options fully vested and currently exercisable: Number 223,654 424,654 Weighted average exercise price $ 4.73 $ 8.00 Aggregate intrinsic value (1) $ 147,000 $ 225,000 Weighted average contractual term of options (years) 4.34 3.57 (1) (the amount by which the current market value of the underlying stock exceeds the exercise price) that would have been received by the option holders had all option holders exercised. This amount changes based on changes in the market value of the Company’s stock.

Employee Stock Ownership Plan_

Employee Stock Ownership Plan: Employee Stock Ownership Plan (ESOP) Disclosures (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Employee Stock Ownership Plan (ESOP) Disclosures	Estimated Fair Value of Unreleased Shares Unreleased ESOP Shares Allocated and Released Shares Total Balance, March 31, 2013 $ 325,000 123,165 839,419 962,584 Allocation December 31, 2013 (24,633 ) 24,633 - Balance, March 31, 2014 $ 338,000 98,532 864,052 962,584 Allocation December 31, 2014 (24,633 ) 24,633 - Balance, March 31, 2015 $ 332,500 73,899 888,685 962,584 Allocation December 31, 2015 (24,633 ) 24,633 - Balance, March 31, 2016 $ 207,000 49,266 913,318 962,584

Shareholders' Equity and Regu81

Shareholders' Equity and Regulatory Capital Requirements: Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	Actual For Capital Adequacy Purposes “Well Capitalized” Under Prompt Corrective Action Amount Ratio Amount Ratio Amount Ratio March 31, 2016 Total Capital: (To Risk-weighted Assets) $ 105,277 16.07 % $ 52,405 8.0 % $ 65,507 10.0 % Tier 1 Capital: (To Risk-weighted Assets) 97,046 14.81 39,304 6.0 52,405 8.0 Common equity Tier 1 Capital: (To Risk-weighted Assets) 97,046 14.81 29,478 4.5 42,579 6.5 Tier 1 Capital (Leverage): (To Adjusted Tangible Assets) 97,046 11.18 34,718 4.0 43,397 5.0 Tangible Capital: (To Tangible Assets) 97,046 11.18 13,019 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, 2015 Total Capital: (To Risk-weighted Assets) $ 95,713 15.89 % $ 48,188 8.0 % $ 72,282 12.0 % (1) Tier 1 Capital: (To Risk-weighted Assets) 88,122 14.63 36,141 6.0 48,188 8.0 Common equity Tier 1 Capital: (To Risk-weighted Assets) 88,122 14.63 27,106 4.5 39,152 6.5 Tier 1 Capital (Leverage): (To Adjusted Tangible Assets) 88,122 10.89 32,355 4.0 72,799 9.0 (1) Tangible Capital: (To Tangible Assets) 88,122 10.89 12,133 1.5 N/A N/A

Earnings Per Share_ Schedule of

Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Earnings Per Share, Basic and Diluted	Year Ended March 31, (Dollars and share data in thousands, except per share data) 2016 2015 2014 Basic EPS computation: Numerator-net income $ 6,358 $ 4,491 $ 19,423 Denominator-weighted average common shares outstanding 22,450 22,393 22,367 Basic EPS $ 0.28 $ 0.20 $ 0.87 Diluted EPS computation: Numerator-net income $ 6,358 $ 4,491 $ 19,423 Denominator-weighted average common shares outstanding 22,450 22,393 22,367 Effect of dilutive stock options 44 39 2 Weighted average common shares and common stock equivalents 22,494 22,432 22,369 Diluted EPS $ 0.28 $ 0.20 $ 0.87

Fair Value Measurement_ Schedul

Fair Value Measurement: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Estimated Fair Value Measurements Using March 31, 2016 Total Estimated Fair Value Level 1 Level 2 Level 3 Investment securities available for sale: Trust preferred $ 1,808 $ - $ - $ 1,808 Agency securities 19,569 - 19,569 - Real estate mortgage investment conduits 43,924 - 43,924 - Mortgage-backed securities 76,353 - 76,353 - Other mortgage-backed securities 9,036 - 9,036 - Total assets measured at fair value on a recurring basis $ 150,690 $ - $ 148,882 $ 1,808 March 31, 2015 Investment securities available for sale: Trust preferred $ 1,812 $ - $ - $ 1,812 Agency securities 13,939 - 13,939 - Real estate mortgage investment conduits 22,709 - 22,709 - Mortgage-backed securities 68,514 - 68,514 - Other mortgage-backed securities 5,489 - 5,489 - Total assets measured at fair value on a recurring basis $ 112,463 $ - $ 110,651 $ 1,812

Fair Value Measurement_ Fair Va

Fair Value Measurement: Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	For the Year Ended March 31, 2016 2015 Beginning balance $ 1,812 $ 1,903 Transfers in to Level 3 - - Included in earnings - - Included in other comprehensive income (4 ) (91 ) Ending balance $ 1,808 $ 1,812

Fair Value Measurement_ Sched85

Fair Value Measurement: Schedule of Assets measured at fair value on a non-recurring basis (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Assets measured at fair value on a non-recurring basis	Estimated fair value measurements using March 31, 2016 Total estimated fair value Level 1 Level 2 Level 3 Impaired loans $ 1,092 $ - $ - $ 1,092 REO 644 - - 644 Total assets measured at fair value on a nonrecurring basis $ 1,736 $ - $ - $ 1,736 March 31, 2015 Impaired loans $ 3,059 $ - $ - $ 3,059 REO 1,193 - - 1,193 Total assets measured at fair value on a nonrecurring basis $ 4,252 $ - $ - $ 4,252

Fair Value Measurement_ Fair 86

Fair Value Measurement: Fair Value Measurements, Nonrecurring, Valuation Techniques (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Fair Value Measurements, Nonrecurring, Valuation Techniques	Valuation technique Significant unobservable inputs Range (1) Impaired loans Appraised value Adjustment for market conditions N/A REO Appraised value Adjustment for market conditions N/A (1)

Fair Value Measurement_ Fair 87

Fair Value Measurement: Fair Value, Option, Quantitative Disclosures (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Fair Value, Option, Quantitative Disclosures	March 31, 2016 Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value Assets: Cash and cash equivalents $55,400 $55,400 $- $- $55,400 Certificates of deposit held for investment 16,769 - 16,959 - 16,959 Loans held for sale 503 - 503 - 503 Investment securities available for sale 150,690 - 148,882 1,808 150,690 Investment securities held to maturity 75 - 76 - 76 Loans receivable, net 614,934 - - 571,068 571,068 FHLB stock 1,060 - 1,060 - 1,060 Liabilities: Demand and savings deposits 660,421 660,421 - - 660,421 Time deposits 119,382 - 119,143 - 119,143 Junior subordinated debentures 22,681 - - 7,705 7,705 Capital lease obligations 2,475 - 2,475 - 2,475 March 31, 2015 Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value Assets: Cash and cash equivalents $58,659 $58,659 $- $- $58,659 Certificates of deposit held for investment 25,969 - 26,256 - 26,256 Loans held for sale 778 - 778 - 778 Investment securities available for sale 112,463 - 110,651 1,812 112,463 Investment securities held to maturity 86 - 88 - 88 Loans receivable, net 569,010 - - 548,908 548,908 FHLB stock 5,924 - 5,924 - 5,924 Liabilities: Demand and savings deposits 582,011 582,011 - - 582,011 Time deposits 138,839 - 138,744 - 138,744 Junior subordinated debentures 22,681 - - 9,769 9,769 Capital lease obligations 2,276 - 2,276 - 2,276

Commitments and Contingencies_

Commitments and Contingencies: Schedule of significant off-balance sheet commitments (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of significant off-balance sheet commitments	Contract or Notional Amount March 31, 2016 March 31, 2015 Commitments to originate loans: Adjustable-rate $ 25,186 $ 13,410 Fixed-rate 16,689 3,652 Standby letters of credit 1,379 1,105 Undisbursed loan funds and unused lines of credit 101,623 82,011 Total $ 144,877 $ 100,178

Condensed Financial Informati89

Condensed Financial Information of Parent Company Only Disclosure: Condensed Balance Sheet (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Condensed Balance Sheet	BALANCE SHEETS March 31, 2016 AND 2015 ( In thousands) 2016 2015 ASSETS Cash and cash equivalents (including interest earning accounts of $0 and $3,111) $ 1,467 $ 3,140 Investment in the Bank 127,311 121,178 Other assets 2,657 2,439 TOTAL ASSETS $ 131,435 $ 126,757 LIABILITIES AND SHAREHOLDERS’ EQUITY Accrued expenses and other liabilities $ 29 $ 22 Dividend payable 452 253 Borrowings 22,681 22,681 Shareholders' equity 108,273 103,801 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 131,435 $ 126,757

Condensed Financial Informati90

Condensed Financial Information of Parent Company Only Disclosure: Condensed Income Statement (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Condensed Income Statement	STATEMENTS OF INCOME years ended March 31, 2016, 2015 and 2014 ( In thousands) 2016 2015 2014 INCOME: Dividend income from the Bank $ - $ 6,000 $ - Interest on investment securities and other short-term investments 12 13 13 Interest on loan receivable from the Bank 24 33 42 Total income 36 6,046 55 EXPENSE: Management service fees paid to the Bank 143 143 143 Other expenses 443 457 459 Total expense 586 600 602 INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED INCOME (LOSS) OF THE BANK (550 ) 5,446 (547 ) BENEFIT FOR INCOME TAXES (187 ) (197 ) (1,365 ) INCOME (LOSS) OF PARENT COMPANY (363 ) 5,643 818 EQUITY IN UNDISTRIBUTED INCOME (LOSS) OF THE BANK 6,721 (1,152 ) 18,605 NET INCOME $ 6,358 $ 4,491 $ 19,423

Condensed Financial Informati91

Condensed Financial Information of Parent Company Only Disclosure: Condensed Cash Flow Statement (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Condensed Cash Flow Statement	RIVERVIEW STATEMENTS OF CASH FLOWS YEARS ENDE D MARCH 31, 2016, 2015 AND 2014 (In thousands) 2016 2015 2014 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 6,358 $ 4,491 $ 19,423 Adjustments to reconcile net income to cash provided by (used in) operating activities: Equity in undistributed (income) loss of the Bank (6,721 ) 1,152 (18,605 ) Provision (benefit) for deferred income taxes 721 (197 ) (1,364 ) Earned ESOP shares 110 102 68 Stock based compensation - 26 78 Changes in assets and liabilities: Other assets (941 ) 110 131 Accrued expenses and other liabilities (1 ) (3,698 ) 355 Net cash provided by (used in) operating activities (474 ) 1,986 86 CASH FLOWS FROM FINANCING ACTIVITIES: Dividends paid (1,261 ) - - Proceeds from exercise of stock options 62 48 - Net cash provided by (used in) financing activities (1,199 ) 48 - NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,673 ) 2,034 86 CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 3,140 1,106 1,020 CASH AND CASH EQUIVALENTS, END OF YEAR $ 1,467 $ 3,140 $ 1,106

Condensed Financial Informati92

Condensed Financial Information of Parent Company Only Disclosure: Schedule of Quarterly Financial Information (Tables)	12 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Quarterly Financial Information	Riverview Bancorp, Inc. Selected Quarterly Financial Data (Unaudited): (Dollars in thousands, except share data) Three Months Ended March 31 December 31 September 30 June 30 Fiscal 2016: Interest and dividend income $ 7,864 $ 7,921 $ 7,602 $ 7,561 Interest expense 432 434 439 437 Net interest income 7,432 7,487 7,163 7,124 Recapture of loan losses (350 ) - (300 ) (500 ) Non-interest income, net 2,193 2,417 2,216 2,549 Non-interest expense 7,569 7,349 7,284 7,745 Income before income taxes 2,406 2,555 2,395 2,428 Provision for income taxes 1,001 849 743 833 Net income $ 1,405 $ 1,706 $ 1,652 $ 1,595 Basic earnings per share (1) $ 0.06 $ 0.08 $ 0.07 $ 0.07 Diluted earnings per share (1) $ 0.06 $ 0.08 $ 0.07 $ 0.07 March 31 December 31 September 30 June 30 Fiscal 2015: Interest and dividend income $ 7,347 $ 7,203 $ 7,210 $ 6,866 Interest expense 434 485 490 507 Net interest income 6,913 6,718 6,720 6,359 Recapture of loan losses (750 ) (400 ) (350 ) (300 ) Non-interest income, net 2,178 2,264 2,223 2,210 Non-interest expense 7,689 7,646 7,674 7,735 Income before income taxes 2,152 1,736 1,619 1,134 Provision for income taxes 634 587 535 394 Net income $ 1,518 $ 1,149 $ 1,084 $ 740 Basic earnings per share (1) $ 0.07 $ 0.05 $ 0.05 $ 0.03 Diluted earnings per share (1) $ 0.07 $ 0.05 $ 0.05 $ 0.03

Summary of Significant Accoun93

Summary of Significant Accounting Policies: Trust Assets, Policy (Details) - USD ($) $ in Millions	Mar. 31, 2016	Mar. 31, 2015
Details
Assets Held-in-trust	$ 389.1	$ 409.3

Restricted Assets (Details)

Restricted Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
Details
Minimum Reserve Balance	$ 1,000	$ 951

Investment Securities_ Invest95

Investment Securities: Investment Securities (Details) - USD ($) $ in Thousands		Mar. 31, 2016		Mar. 31, 2015
Investment securities, held to maturity, at amortized cost		$ 75	[1]	$ 86	[2]
Estimated Fair Value of Investment securities held to maturity		76		88
Investment Securities
Available-for-sale Securities, Amortized Cost Basis		149,011		111,309
Available-for-sale Securities, Gross Unrealized Gain		1,860		1,441
Available-for-sale Securities, Gross Unrealized Loss		(181)		(287)
Available for Sale Securities, Estimated Fair Value		150,690		112,463
Trust preferred
Available-for-sale Securities, Amortized Cost Basis		1,919		1,919
Available-for-sale Securities, Gross Unrealized Loss		(111)		(107)
Available for Sale Securities, Estimated Fair Value		1,808		1,812
US Government Agencies Debt Securities
Available-for-sale Securities, Amortized Cost Basis		19,520		14,008
Available-for-sale Securities, Gross Unrealized Gain		63		38
Available-for-sale Securities, Gross Unrealized Loss		(14)		(107)
Available for Sale Securities, Estimated Fair Value		19,569		13,939
Real estate mortgage investment conduits
Available-for-sale Securities, Amortized Cost Basis		43,293	[3]	22,455	[4]
Available-for-sale Securities, Gross Unrealized Gain		632	[3]	255	[4]
Available-for-sale Securities, Gross Unrealized Loss		(1)	[3]	(1)	[4]
Available for Sale Securities, Estimated Fair Value		43,924	[3]	22,709	[4]
Mortgage-backed
Available-for-sale Securities, Amortized Cost Basis	[3]	75,404		67,568
Available-for-sale Securities, Gross Unrealized Gain	[3]	980		1,006
Available-for-sale Securities, Gross Unrealized Loss	[3]	(31)		(60)
Available for Sale Securities, Estimated Fair Value	[3]	76,353		68,514
Investment securities, held to maturity, at amortized cost	[4]	75		86
Held-to-maturity Securities, Accumulated Unrecognized Holding Gain	[4]	1		2
Estimated Fair Value of Investment securities held to maturity	[4]	76		88
Other mortgage-backed securities
Available-for-sale Securities, Amortized Cost Basis	[5]	8,875		5,359
Available-for-sale Securities, Gross Unrealized Gain	[5]	185		142
Available-for-sale Securities, Gross Unrealized Loss	[5]	(24)		(12)
Available for Sale Securities, Estimated Fair Value	[5]	$ 9,036		$ 5,489
[1]	Estimated fair value of $76.
[2]	Estimated fair value of $88.
[3]	Comprised of U.S. Small Business Administration (“SBA”) issued securities and commercial real estate (“CRE”) secured securities issued by FNMA.
[4]	Comprised of FHLMC and FNMA issued securities.
[5]	Comprised of FHLMC, Federal National Mortgage Association (“FNMA”) and Ginnie Mae (“GNMA”) issued securities.

Investment Securities_ Invest96

Investment Securities: Investments Classified by Contractual Maturity Date (Details) - Investment Securities $ in Thousands	Mar. 31, 2016USD ($)
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis	$ 18,982
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value	19,097
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis	17,418
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value	17,631
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Net Carrying Amount	66
Held-to-maturity Securities, Debt Maturities, Year Six Through Ten, Fair Value	67
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis	112,611
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value	113,962
Held-to-maturity Securities, Debt Maturities, after Ten Years, Net Carrying Amount	9
Held-to-maturity Securities, Debt Maturities, after Ten Years, Fair Value	9
Available-for-sale Debt Securities, Amortized Cost Basis	149,011
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value	150,690
Held-to-maturity Securities	75
Investments
Held-to-maturity Securities, Debt Maturities, without Single Maturity Date, Fair Value	$ 76

Investment Securities_ Schedu97

Investment Securities: Schedule of Temporarily Impaired Securities, Fair Value and Unrealized losses (Details) - USD ($) $ in Thousands		12 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		$ 9,866	$ 1,323
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss		(23)	(1)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		11,079	21,220
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss		(158)	(286)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		20,945	22,543
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss		(181)	(287)
Trust preferred
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		1,808	1,812
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss		(111)	(107)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		1,808	1,812
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss		(111)	(107)
US Government Agencies Debt Securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		5,508
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss		(6)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		4,991	12,893
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss		(8)	(107)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		10,499	12,893
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss		(14)	(107)
Real estate mortgage investment conduits
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	[1]	1,636	1,323
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	[1]	(1)	(1)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	[1]	1,636	1,323
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	[1]	(1)	(1)
Mortgage-backed
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	[2]	831
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	[2]	(10)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	[2]	3,051	5,098
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	[2]	(21)	(60)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	[2]	3,882	5,098
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	[2]	(31)	(60)
Other mortgage-backed securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	[3]	1,891
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	[3]	(6)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	[3]	1,229	1,417
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	[3]	(18)	(12)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	[3]	3,120	1,417
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	[3]	$ (24)	$ (12)
[1]	Comprised of FHLMC issued securities.
[2]	Comprised of FHLMC and FNMA issued securities.
[3]	Comprised of SBA issued securities.

Investment Securities (Details)

Investment Securities (Details)	12 Months Ended
	Mar. 31, 2016USD ($)
Details
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	$ 16,800,000
Investment Securities, Gross Realized Gains from Sales	$ 158,000

Investment Securities_ Schedu99

Investment Securities: Schedule of Investment Securities pledged as collateral (Details) - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Details
Investment securities pledged as collateral, amortized cost	$ 10,200,000	$ 4,300,000
Investment securities pledged as collateral, fair value	10,300,000	4,300,000
Investment securities held to maturity pledged as collateral, amortized cost	23,000	27,000
Investment securities held to maturity pledged as collateral, fair value	$ 24,000	$ 27,000

Loans Receivable_ Schedule o100

Loans Receivable: Schedule of Accounts, Notes, Loans and Financing Receivable (Details) - USD ($) $ in Thousands		Mar. 31, 2016	Mar. 31, 2015
Financing Receivable, Gross		$ 624,819	$ 579,772
Loans receivable Allowance for Loan Losses		9,885	10,762
Financing Receivable, Net		614,934	569,010
Commercial business
Financing Receivable, Gross		69,397	77,186
Commercial Real Estate
Financing Receivable, Gross		353,749	299,691
Land
Financing Receivable, Gross		12,045	15,358
Multi-Family
Financing Receivable, Gross		33,733	30,457
Real estate construction
Financing Receivable, Gross		26,731	30,498
Total commercial and construction
Financing Receivable, Gross		495,655	453,190
Real estate one-to-four family
Financing Receivable, Gross		88,780	89,801
Other installment
Financing Receivable, Gross	[1]	40,384	36,781
Consumer
Financing Receivable, Gross		$ 129,164	$ 126,582
[1]	Consists primarily of purchased automobile loans totaling $37.4 million and $34.7 million at March 31, 2016 and 2015, respectively.

Loans Receivable (Details)

Loans Receivable (Details) $ in Thousands	Mar. 31, 2016USD ($)
Details
Loans Pledged as Collateral	$ 424,500

Loans Receivable_ Schedule o102

Loans Receivable: Schedule of Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Details
Loans to Officers and Directors, Beginning balance	$ 1,233	$ 854	$ 1,609
Loans to Officers and Directors, Originations	53	511
Loans to Officers and Directors, Principal repayments	(445)	(132)	(755)
Loans to Officers and Directors, Ending balance	$ 841	$ 1,233	$ 854

Allowance For Loan Losses_ S103

Allowance For Loan Losses: Schedule of reconciliation of the allowance for loan losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Loans and Leases Receivable, Allowance, Beginning Balance	$ 10,762	$ 12,551	$ 15,643
Allowance for Loan and Lease Losses, Provision for (recapture of) Gross Loss	(1,150)	(1,800)	(3,700)
Allowance for Loan and Lease Losses, Charge-offs	(274)	(464)	(1,106)
Allowance for Loan and Lease Loss, Recovery of Bad Debts	547	475	1,714
Loans and Leases Receivable, Allowance, Ending Balance	9,885	10,762	12,551
Commercial business
Loans and Leases Receivable, Allowance, Beginning Balance	1,263	2,409	2,128
Allowance for Loan and Lease Losses, Provision for (recapture of) Gross Loss	(245)	(1,060)	95
Allowance for Loan and Lease Losses, Charge-offs		(120)	(340)
Allowance for Loan and Lease Loss, Recovery of Bad Debts	30	34	526
Loans and Leases Receivable, Allowance, Ending Balance	1,048	1,263	2,409
Commercial Real Estate
Loans and Leases Receivable, Allowance, Beginning Balance	4,268	5,269	5,979
Allowance for Loan and Lease Losses, Provision for (recapture of) Gross Loss	5	(768)	(417)
Allowance for Loan and Lease Losses, Charge-offs		(233)	(316)
Allowance for Loan and Lease Loss, Recovery of Bad Debts			23
Loans and Leases Receivable, Allowance, Ending Balance	4,273	4,268	5,269
Land
Loans and Leases Receivable, Allowance, Beginning Balance	539	340	2,019
Allowance for Loan and Lease Losses, Provision for (recapture of) Gross Loss	(545)	(72)	(2,439)
Allowance for Loan and Lease Losses, Charge-offs			(90)
Allowance for Loan and Lease Loss, Recovery of Bad Debts	331	271	850
Loans and Leases Receivable, Allowance, Ending Balance	325	539	340
Multi-Family
Loans and Leases Receivable, Allowance, Beginning Balance	348	203	541
Allowance for Loan and Lease Losses, Provision for (recapture of) Gross Loss	364	145	(338)
Loans and Leases Receivable, Allowance, Ending Balance	712	348	203
Real estate construction
Loans and Leases Receivable, Allowance, Beginning Balance	769	387	221
Allowance for Loan and Lease Losses, Provision for (recapture of) Gross Loss	(359)	382	173
Allowance for Loan and Lease Losses, Charge-offs			(11)
Allowance for Loan and Lease Loss, Recovery of Bad Debts	6		4
Loans and Leases Receivable, Allowance, Ending Balance	416	769	387
Consumer
Loans and Leases Receivable, Allowance, Beginning Balance	2,548	2,653	2,949
Allowance for Loan and Lease Losses, Provision for (recapture of) Gross Loss	(51)	(164)	(258)
Allowance for Loan and Lease Losses, Charge-offs	(274)	(111)	(349)
Allowance for Loan and Lease Loss, Recovery of Bad Debts	180	170	311
Loans and Leases Receivable, Allowance, Ending Balance	2,403	2,548	2,653
Unallocated
Loans and Leases Receivable, Allowance, Beginning Balance	1,027	1,290	1,806
Allowance for Loan and Lease Losses, Provision for (recapture of) Gross Loss	(319)	(263)	(516)
Loans and Leases Receivable, Allowance, Ending Balance	$ 708	$ 1,027	$ 1,290

Allowance For Loan Losses_ S104

Allowance For Loan Losses: Schedule of Impaired Financing Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	$ 110	$ 147
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	9,775	10,615
Financing Receivable Allowance for Credit Losses, Evaluated for Impairment	9,885	10,762
Financing Receivable, Individually Evaluated for Impairment	14,204	22,375
Financing Receivable, Collectively Evaluated for Impairment	610,615	557,397
Financing Receivable, Evaluated for Impairment	624,819	579,772
Commercial business
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	1,048	1,263
Financing Receivable Allowance for Credit Losses, Evaluated for Impairment	1,048	1,263
Financing Receivable, Individually Evaluated for Impairment	192	1,091
Financing Receivable, Collectively Evaluated for Impairment	69,205	76,095
Financing Receivable, Evaluated for Impairment	69,397	77,186
Commercial Real Estate
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	4,273	4,268
Financing Receivable Allowance for Credit Losses, Evaluated for Impairment	4,273	4,268
Financing Receivable, Individually Evaluated for Impairment	9,802	15,939
Financing Receivable, Collectively Evaluated for Impairment	343,947	283,752
Financing Receivable, Evaluated for Impairment	353,749	299,691
Land
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	325	539
Financing Receivable Allowance for Credit Losses, Evaluated for Impairment	325	539
Financing Receivable, Individually Evaluated for Impairment	801	801
Financing Receivable, Collectively Evaluated for Impairment	11,244	14,557
Financing Receivable, Evaluated for Impairment	12,045	15,358
Multi-Family
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	712	348
Financing Receivable Allowance for Credit Losses, Evaluated for Impairment	712	348
Financing Receivable, Individually Evaluated for Impairment	1,731	1,922
Financing Receivable, Collectively Evaluated for Impairment	32,002	28,535
Financing Receivable, Evaluated for Impairment	33,733	30,457
Real estate construction
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	416	769
Financing Receivable Allowance for Credit Losses, Evaluated for Impairment	416	769
Financing Receivable, Collectively Evaluated for Impairment	26,731	30,498
Financing Receivable, Evaluated for Impairment	26,731	30,498
Consumer
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	110	147
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	2,293	2,401
Financing Receivable Allowance for Credit Losses, Evaluated for Impairment	2,403	2,548
Financing Receivable, Individually Evaluated for Impairment	1,678	2,622
Financing Receivable, Collectively Evaluated for Impairment	127,486	123,960
Financing Receivable, Evaluated for Impairment	129,164	126,582
Unallocated
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	708	1,027
Financing Receivable Allowance for Credit Losses, Evaluated for Impairment	$ 708	$ 1,027

Allowance For Loan Losses_ S105

Allowance For Loan Losses: Schedule of Changes in the allowance for unfunded loan commitments (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Details
Allowance for unfunded loan commitments, Beginning balance	$ 259	$ 294	$ 229
Change in Allowance for unfunded loan commitments	65	(35)	65
Allowance for unfunded loan commitments, Ending Balance	$ 324	$ 259	$ 294

Allowance For Loan Losses_ F106

Allowance For Loan Losses: Financing Receivables, Aging of loans (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
Financing Receivable Recorded Investment, 30 to 89 days past due	$ 611	$ 1,486
Financing Receivable Recorded Investment, 90 days and greater, past due	20
Financing Receivable, Recorded Investment, Nonaccrual Status	2,694	5,318
Financing Receivable Recorded Investment, Past Due and Non-accrual	3,325	6,804
Financing Receivable, Recorded Investment, Current	621,494	572,968
Loans Receivable, Net	624,819	579,772
Commercial business
Financing Receivable Recorded Investment, 30 to 89 days past due		359
Financing Receivable Recorded Investment, Past Due and Non-accrual		359
Financing Receivable, Recorded Investment, Current	69,397	76,827
Loans Receivable, Net	69,397	77,186
Commercial Real Estate
Financing Receivable Recorded Investment, 30 to 89 days past due		225
Financing Receivable, Recorded Investment, Nonaccrual Status	1,559	3,291
Financing Receivable Recorded Investment, Past Due and Non-accrual	1,559	3,516
Financing Receivable, Recorded Investment, Current	352,190	296,175
Loans Receivable, Net	353,749	299,691
Land
Financing Receivable, Recorded Investment, Nonaccrual Status	801	801
Financing Receivable Recorded Investment, Past Due and Non-accrual	801	801
Financing Receivable, Recorded Investment, Current	11,244	14,557
Loans Receivable, Net	12,045	15,358
Multi-Family
Financing Receivable, Recorded Investment, Current	33,733	30,457
Loans Receivable, Net	33,733	30,457
Real estate construction
Financing Receivable, Recorded Investment, Current	26,731	30,498
Loans Receivable, Net	26,731	30,498
Consumer
Financing Receivable Recorded Investment, 30 to 89 days past due	611	902
Financing Receivable Recorded Investment, 90 days and greater, past due	20
Financing Receivable, Recorded Investment, Nonaccrual Status	334	1,226
Financing Receivable Recorded Investment, Past Due and Non-accrual	965	2,128
Financing Receivable, Recorded Investment, Current	128,199	124,454
Loans Receivable, Net	$ 129,164	$ 126,582

Allowance For Loan Losses_ Inte

Allowance For Loan Losses: Interest income foregone (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Details
Interest income foregone on non-accrual loans	$ 112	$ 433	$ 949

Allowance For Loan Losses_ S108

Allowance For Loan Losses: Schedule of Credit Quality Indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
Financing Receivable by Credit Quality Indicator - Pass	$ 610,569	$ 546,998
Financing Receivable by Credit Quality Indicator - Special Mention	9,956	19,453
Financing Receivable by Credit Quality Indicator - Substandard	4,294	13,321
Financing Receivable by Credit Quality Indicator - Total	624,819	579,772
Commercial business
Financing Receivable by Credit Quality Indicator - Pass	68,221	75,643
Financing Receivable by Credit Quality Indicator - Special Mention	813	977
Financing Receivable by Credit Quality Indicator - Substandard	363	566
Financing Receivable by Credit Quality Indicator - Total	69,397	77,186
Commercial Real Estate
Financing Receivable by Credit Quality Indicator - Pass	343,306	277,156
Financing Receivable by Credit Quality Indicator - Special Mention	7,659	15,570
Financing Receivable by Credit Quality Indicator - Substandard	2,784	6,965
Financing Receivable by Credit Quality Indicator - Total	353,749	299,691
Land
Financing Receivable by Credit Quality Indicator - Pass	9,760	11,665
Financing Receivable by Credit Quality Indicator - Special Mention	1,484	2,892
Financing Receivable by Credit Quality Indicator - Substandard	801	801
Financing Receivable by Credit Quality Indicator - Total	12,045	15,358
Multi-Family
Financing Receivable by Credit Quality Indicator - Pass	33,721	28,508
Financing Receivable by Credit Quality Indicator - Special Mention		14
Financing Receivable by Credit Quality Indicator - Substandard	12	1,935
Financing Receivable by Credit Quality Indicator - Total	33,733	30,457
Real estate construction
Financing Receivable by Credit Quality Indicator - Pass	26,731	28,670
Financing Receivable by Credit Quality Indicator - Substandard		1,828
Financing Receivable by Credit Quality Indicator - Total	26,731	30,498
Consumer
Financing Receivable by Credit Quality Indicator - Pass	128,830	125,356
Financing Receivable by Credit Quality Indicator - Substandard	334	1,226
Financing Receivable by Credit Quality Indicator - Total	$ 129,164	$ 126,582

Allowance For Loan Losses_ I109

Allowance For Loan Losses: Impaired Financing Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 13,003	$ 21,029
Impaired Financing Receivable, with Related Allowance, Recorded Investment	1,201	1,346
Impaired Financing Receivable, Recorded Investment	14,204	22,375
Impaired Financing Receivable, Unpaid Principal Balance	15,473	24,386
Impaired Financing Receivable, Related Allowance	110	147
Commercial business
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	192	1,091
Impaired Financing Receivable, Recorded Investment	192	1,091
Impaired Financing Receivable, Unpaid Principal Balance	192	1,125
Commercial Real Estate
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	9,802	15,939
Impaired Financing Receivable, Recorded Investment	9,802	15,939
Impaired Financing Receivable, Unpaid Principal Balance	10,758	17,188
Land
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	801	801
Impaired Financing Receivable, Recorded Investment	801	801
Impaired Financing Receivable, Unpaid Principal Balance	807	804
Multi-Family
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	1,731	1,922
Impaired Financing Receivable, Recorded Investment	1,731	1,922
Impaired Financing Receivable, Unpaid Principal Balance	1,871	2,058
Consumer
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	477	1,276
Impaired Financing Receivable, with Related Allowance, Recorded Investment	1,201	1,346
Impaired Financing Receivable, Recorded Investment	1,678	2,622
Impaired Financing Receivable, Unpaid Principal Balance	1,845	3,211
Impaired Financing Receivable, Related Allowance	$ 110	$ 147

Allowance For Loan Losses_ S110

Allowance For Loan Losses: Schedule of Impaired Loans, Average Recorded Investment and Interest Recognized (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Impaired Financing Receivable, Average Recorded Investment	$ 18,262	$ 24,391	$ 28,961
Interest recognized on impaired loans	644	642	583
Commercial business
Impaired Financing Receivable, Average Recorded Investment	542	1,075	1,150
Interest recognized on impaired loans	17	62	43
Commercial Real Estate
Impaired Financing Receivable, Average Recorded Investment	13,130	17,136	19,451
Interest recognized on impaired loans	456	478	472
Land
Impaired Financing Receivable, Average Recorded Investment	801	817	1,854
Interest recognized on impaired loans			5
Multi-Family
Impaired Financing Receivable, Average Recorded Investment	1,842	2,176	2,758
Interest recognized on impaired loans	99	17	16
Real estate construction
Impaired Financing Receivable, Average Recorded Investment			69
Consumer
Impaired Financing Receivable, Average Recorded Investment	1,947	3,187	3,679
Interest recognized on impaired loans	$ 72	$ 85	$ 47

Allowance For Loan Losses_ S111

Allowance For Loan Losses: Schedule of TDRs by interest accrual status (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
TDR by Accrual Status, Accrual	$ 11,845	$ 17,333
TDR by Accrual Status, Non-accrual	2,090	4,048
TDR by Accrual Status, Total	13,935	21,381
Commercial business
TDR by Accrual Status, Accrual	192	1,091
TDR by Accrual Status, Total	192	1,091
Commercial Real Estate
TDR by Accrual Status, Accrual	8,244	12,647
TDR by Accrual Status, Non-accrual	1,289	2,298
TDR by Accrual Status, Total	9,533	14,945
Land
TDR by Accrual Status, Non-accrual	801	801
TDR by Accrual Status, Total	801	801
Multi-Family
TDR by Accrual Status, Accrual	1,731	1,922
TDR by Accrual Status, Total	1,731	1,922
Consumer
TDR by Accrual Status, Accrual	1,678	1,673
TDR by Accrual Status, Non-accrual		949
TDR by Accrual Status, Total	$ 1,678	$ 2,622

Allowance For Loan Losses_ T112

Allowance For Loan Losses: Troubled Debt Restructurings on Financing Receivables (Details) $ in Thousands	12 Months Ended
	Mar. 31, 2015USD ($)	Mar. 31, 2014USD ($)
Financing Receivable, Modifications, Number of Contracts	1	12
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 344	$ 9,934
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 327	$ 9,250
Commercial business
Financing Receivable, Modifications, Number of Contracts		3
Financing Receivable, Modifications, Pre-Modification Recorded Investment		$ 504
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 465
Commercial Real Estate
Financing Receivable, Modifications, Number of Contracts	1	4
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 344	$ 6,295
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 327	$ 6,210
Multi-Family
Financing Receivable, Modifications, Number of Contracts		1
Financing Receivable, Modifications, Pre-Modification Recorded Investment		$ 2,562
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 2,014
Consumer
Financing Receivable, Modifications, Number of Contracts		4
Financing Receivable, Modifications, Pre-Modification Recorded Investment		$ 573
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 561

Allowance For Loan Losses (Deta

Allowance For Loan Losses (Details)	12 Months Ended
	Mar. 31, 2016
Details
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0

Premises and Equipment_ Sche114

Premises and Equipment: Schedule of Premises and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
Property, Plant and Equipment, Gross	$ 32,989	$ 33,340
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(18,394)	(17,906)
Premises and equipment, net	14,595	15,434
Land
Property, Plant and Equipment, Gross	4,177	4,177
Building and Building Improvements
Property, Plant and Equipment, Gross	13,974	13,971
Leasehold Improvements
Property, Plant and Equipment, Gross	1,286	1,286
Office Equipment
Property, Plant and Equipment, Gross	9,876	10,471
Buildings Under Capitalized Leases
Property, Plant and Equipment, Gross	2,956	2,715
Construction In Progress
Property, Plant and Equipment, Gross	$ 720	$ 720

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Details
Premises and Equipment, Depreciation expense	$ 1,300	$ 1,400	$ 1,400
Premises and Equipment, Amortization expense	89	113	113
Premises and Equipment, Accumulated amortization for capital lease	1,100	1,100
Operating Leases, Rent Expense	$ 1,800	$ 1,900	$ 1,800

Premises and Equipment_ Sche116

Premises and Equipment: Schedule of Future Minimum Lease Payments for Capital Leases (Details) $ in Thousands	Mar. 31, 2016USD ($)
Details
Operating Leases, Future Minimum Payments Due, Next Twelve Months	$ 1,382
Capital Leases, Future Minimum Payments, Next Rolling Twelve Months	197
Operating Leases, Future Minimum Payments, Due in Two Years	1,325
Capital Leases, Future Minimum Payments, Due in Rolling Year Two	198
Operating Leases, Future Minimum Payments, Due in Three Years	1,220
Capital Leases, Future Minimum Payments, Due in Rolling Year Three	202
Operating Leases, Future Minimum Payments, Due in Four Years	1,190
Capital Leases, Future Minimum Payments, Due in Rolling Year Four	205
Operating Leases, Future Minimum Payments, Due in Five Years	672
Capital Leases, Future Minimum Payments, Due in Rolling Year Five	208
Operating Leases, Future Minimum Payments, Due Thereafter	1,981
Capital Leases, Future Minimum Payments, Due in Rolling after Year Five	4,268
Operating Leases, Future Minimum Payments Due	7,770
Capital Leases, Future Minimum Payments Due	5,278
Capital Leases, Future Minimum Payments, Interest Included in Payments	(2,803)
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments	$ 2,475

Real Estate Owned_ Schedule 117

Real Estate Owned: Schedule of activity in REO (Real Estate Owned) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Details
Real Estate Owned, Beginning Balance	$ 1,603	$ 7,703	$ 15,638
Real Estate Owned, Additions	298	1,512	6,564
Real Estate Owned, Dispositions	(937)	(6,897)	(12,443)
Real Estate Owned, Writedowns	(369)	(715)	(2,056)
Real Estate Owned, Ending Balance	$ 595	$ 1,603	$ 7,703

Real Estate Owned (Details)

Real Estate Owned (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Details
Real Estate Owned, Expenses, Write-downs	$ 369	$ 715	$ 2,100
Real Estate Owned, Operating Expenses	198	279	709
Net losses on dispositions of Real Estate Owned (REO)	187	$ 80	$ 245
Mortgage Loans	298
Mortgage Loans in Process of Foreclosure, Amount	$ 113

Deposits_ Schedule of Deposi119

Deposits: Schedule of Deposit Accounts (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
Deposit Accounts, Balance	$ 779,803	$ 720,850
Non-interest-bearing
Deposit Accounts, Balance	179,143	151,953
Interest Checking
Deposit Accounts, Balance	144,740	115,461
Money market
Deposit Accounts, Balance	239,544	237,465
Savings accounts
Deposit Accounts, Balance	96,994	77,132
Certificates of deposit
Deposit Accounts, Balance	$ 119,382	$ 138,839

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
Details
Time Deposits More Than 250,000	$ 10,500	$ 10,700

Deposits_ Schedule of maturi121

Deposits: Schedule of maturities of certificates of deposit for future years (Details) $ in Thousands	Mar. 31, 2016USD ($)
Details
Time Deposit Maturities, Next Twelve Months	$ 76,823
Time Deposit Maturities, Year Two	20,859
Time Deposit Maturities, Year Three	10,203
Time Deposit Maturities, Year Four	5,211
Time Deposit Maturities, Year Five	2,169
Time Deposit Maturities, after Rolling Year Five	4,117
Time deposit maturities for future years	$ 119,382

Deposits_ Schedule of Intere122

Deposits: Schedule of Interest Expense by Deposit Type (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Details
Interest Expense, Interest Checking	$ 99	$ 79	$ 102
Interest Expense, Money Market Deposits	272	277	477
Interest Expense, Savings Deposits	85	71	87
Interest Expense, Certificate of Deposit	717	899	1,307
Interest on deposits	$ 1,173	$ 1,326	$ 1,973

Junior Subordinated Debenture (

Junior Subordinated Debenture (Details) $ in Thousands	Mar. 31, 2016USD ($)
Details
Debentures issued to grantor trusts	$ 22,700
Common securities issued by grantor trusts	$ 681

Junior Subordinated Debentur124

Junior Subordinated Debenture: Schedule of terms of the current Debentures (Details) $ in Thousands	12 Months Ended
	Mar. 31, 2016USD ($)
Long-term Debt, Gross	$ 22,681
Riverview Bancorp Statutory Trust I
Debt Instrument, date of issuance	12/2005
Long-term Debt, Gross	$ 7,217
Debt Instrument, Interest Rate Terms	Variable (1)	[1]
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum	5.88%
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum	1.99%
Debt Instrument, Maturity Date, Description	3/2036
Riverview Bancorp Statutory Trust II
Debt Instrument, date of issuance	06/2007
Long-term Debt, Gross	$ 15,464
Debt Instrument, Interest Rate Terms	Variable (2)	[2]
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum	7.03%
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum	1.98%
Debt Instrument, Maturity Date, Description	9/2037
[1]	The trust preferred securities reprice quarterly based on the three-month LIBOR plus 1.36%
[2]	The trust preferred securities reprice quarterly based on the three-month LIBOR plus 1.35%

Income Taxes_ Schedule of Co125

Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Details
Current Income Tax Expense (Benefit)	$ 251	$ 16	$ 19
Deferred Income Tax Expense (Benefit)	3,175	2,140	(15,100)
Income Tax Provision (Benefit), Current and Deferred	$ 3,426	$ 2,156	$ (15,081)

Income Taxes_ Schedule of De126

Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
Deferred Tax Assets, Gross
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits	$ 128	$ 107
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Provision for Loan Losses	3,624	3,913
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities	199	193
Accumulated Depreciation	908	789
Deferred Gain On Sale	418	475
Deferred Tax Assets, Operating Loss Carryforwards	4,849	8,150
Impairment On Investment Security		151
REO Expense	49	155
Non-compete Agreement	53	66
Deferred Tax Assets, Other	526	558
Deferred Tax Assets, Net of Valuation Allowance	10,754	14,557
Deferred Tax Liabilities, Gross
Deferred Tax Liabilities, FHLB Stock Dividend	(143)	(857)
Deferred Tax Liabilities, Purchase Accounting		(1)
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss), Net of Tax	(596)	(393)
Deferred Tax Liabilities, Prepaid Expenses	(172)	(198)
Deferred Tax Liabilities, Loan Fees and Costs	(654)	(540)
Deferred Tax Liabilities, Gross	(1,565)	(1,989)
Deferred Tax Assets, Net	$ 9,189	$ 12,568

Income Taxes_ Schedule of Ef127

Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Details
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	34.00%	34.00%	34.00%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent	1.50%	1.60%	1.50%
Esop Market Value Adjustment	(0.10%)		(0.30%)
Bank Owned Life Insurance	(2.80%)	(3.80%)	(4.40%)
Valuation Adjustment			(365.90%)
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent	2.20%	0.40%	(5.90%)
Effective Income Tax Rate Reconciliation, Percent	34.80%	32.20%	(341.00%)

Employee Benefit Plans_ Sche128

Employee Benefit Plans: Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) - 1998 and 2003 Stock Option Plan	12 Months Ended
	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.95%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	6 years 3 months
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	51.87%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	2.04%

Employee Benefit Plans_ Sche129

Employee Benefit Plans: Schedule of activity related to options under all plans (Details) - $ / shares	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Details
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning Balance	424,654	474,654	407,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning Balance	$ 8	$ 7.91	$ 9.05
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			87,154
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price			$ 2.78
Exercise of stock options, Shares	(18,000)	(18,000)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$ 3.49	$ 2.69
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	(29,000)	(32,000)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	$ 10	$ 9.55
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period	(154,000)		(20,000)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price	$ 12.92		$ 8.98
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance	223,654	424,654	474,654
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance	$ 4.73	$ 8	$ 7.91

Employee Benefit Plans_ Sche130

Employee Benefit Plans: Schedule of additional information regarding options outstanding, by exercise price range (Details)	12 Months Ended
	Mar. 31, 2016$ / sharesshares
$1.97 - $6.17
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	4 years 7 months 28 days
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options | shares	201,154
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Exercise Price | $ / shares	$ 3.82
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options | shares	201,154
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Exercise Price | $ / shares	$ 3.82
$7.49 - $9.51
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	2 years 2 months 19 days
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options | shares	2,500
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Exercise Price | $ / shares	$ 8.12
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options | shares	2,500
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Exercise Price | $ / shares	$ 8.12
$10.10 - $10.83
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	1 year 11 months 16 days
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options | shares	5,000
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Exercise Price | $ / shares	$ 10.18
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options | shares	5,000
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Exercise Price | $ / shares	$ 10.18
$12.98 - $14.52
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	1 year 2 months 23 days
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options | shares	15,000
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Exercise Price | $ / shares	$ 14.49
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options | shares	15,000
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Exercise Price | $ / shares	$ 14.49
Total
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	4 years 4 months 2 days
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options | shares	223,654
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Exercise Price | $ / shares	$ 4.73
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options | shares	223,654
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Exercise Price | $ / shares	$ 4.73

Employee Benefit Plans_ Sche131

Employee Benefit Plans: Schedule of Stock Options Outstanding, less estimated forfeitures (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Details
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number		223,654	424,654
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price		$ 4.73	$ 8
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	[1]	$ 147	$ 225
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term		4 years 4 months 2 days	3 years 6 months 25 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number		223,654	424,654
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price		$ 4.73	$ 8
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	[1]	$ 147	$ 225
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term		4 years 4 months 2 days	3 years 6 months 25 days
[1]	The aggregate intrinsic value of a stock options represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price) that would have been received by the option holders had all option holders exercised. This amount changes based on changes in the market value of the Company’s common stock.

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Details
Intrinsic Value Of Stock Options Exercised	$ 16	$ 35

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Details
Employee Stock Ownership Plan (ESOP), Compensation Expense	$ 110	$ 102	$ 68
Employee Stock Ownership Plan (ESOP), Shares in ESOP	573,853

Employee Stock Ownership Pla134

Employee Stock Ownership Plan: Employee Stock Ownership Plan (ESOP) Disclosures (Details) - USD ($)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Details
ESOP shares, fair value of unreleased shares	$ 207,000	$ 332,500	$ 338,000	$ 325,000
ESOP shares, unreleased	49,266	73,899	98,532	123,165
ESOP shares, allocated and released	913,318	888,685	864,052	839,419
ESOP shares	962,584	962,584	962,584	962,584
Unreleased ESOP shares allocated	(24,633)	(24,633)	(24,633)
Allocated and Released ESOP shares allocation	24,633	24,633	24,633

Shareholders' Equity and Reg135

Shareholders' Equity and Regulatory Capital Requirements: Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
Details
Capital	$ 105,277	$ 95,713
Capital to Risk Weighted Assets	16.07%	15.89%
Capital Required for Capital Adequacy	$ 52,405	$ 0
Capital Required for Capital Adequacy to Risk Weighted Assets	8.00%	8.00%
Capital Required to be Well Capitalized	$ 65,507	$ 72,282
Capital Required to be Well Capitalized to Risk Weighted Assets	10.00%	12.00%	[1]
Tier One Risk Based Capital	$ 97,046	$ 88,122
Tier One Risk Based Capital to Risk Weighted Assets	14.81%	14.63%
Tier One Risk Based Capital Required for Capital Adequacy	$ 39,304	$ 36,141
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	6.00%	6.00%
Tier One Risk Based Capital Required to be Well Capitalized	$ 52,405	$ 48,188
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	8.00%	8.00%
Common Equity Tier 1 Capital	$ 97,046	$ 88,122
Common Equity Tier1 Capital to Risk-weighted Assets	14.81%	14.63%
Common Equity Tier 1 Capital, for Capital Adequacy	$ 29,478	$ 27,106
Common Equity Tier1 Capital for adequacy to Risk-weighted Assets	4.50%	4.50%
Common Equity Tier 1 Capital, required to be well capitalized	$ 42,579	$ 39,152
Common Equity Tier1 Capital to be well capitalized to Risk-weighted Assets	6.50%	6.50%
Tier One Leverage Capital	$ 97,046	$ 88,122
Tier One Leverage Capital to Average Assets	11.18%	10.89%
Tier One Leverage Capital Required for Capital Adequacy	$ 34,718	$ 32,355
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	4.00%	4.00%
Tier One Leverage Capital Required to be Well Capitalized	$ 43,397	$ 72,799
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	5.00%	9.00%	[1]
Tangible Capital	$ 97,046	$ 88,122
Tangible Capital to Tangible Assets	11.18%	10.89%
Tangible Capital Required for Capital Adequacy	$ 13,019	$ 12,133
Tangible Capital Required for Capital Adequacy to Tangible Assets	1.50%	1.50%
[1]	The Bank agreed with the OCC to establish higher minimum capital ratios and to maintain a Tier 1 Capital (leverage) ratio of not less than 9.0% and a total risked-based capital ratio of not less than 12.0% in order to be deemed “well capitalized”. On December 7, 2015, the Bank was notified by the OCC that the requirement to establish higher minimum capital ratios was rescinded.

Earnings Per Share_ Schedule136

Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Details
Net Income (Loss)	$ 6,358	$ 4,491	$ 19,423
Weighted average number of shares outstanding, Basic	22,450,252	22,392,744	22,367,174
Basic earnings	$ 0.28	$ 0.20	$ 0.87
Weighted average number of shares outstanding, Diluted	22,494,151	22,431,839	22,369,175
Effect of dilutive stock options	44,000	39,000	2,000
Weighted average common shares and common stock equivalents	22,494,000	22,432,000	22,369,000
Diluted earnings	$ 0.28	$ 0.20	$ 0.87

Fair Value Measurement_ Sche137

Fair Value Measurement: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
Investments, Fair Value Disclosure	$ 150,690	$ 112,463
Trust preferred
Investments, Fair Value Disclosure	1,808	1,812
US Government Agencies Debt Securities
Investments, Fair Value Disclosure	19,569	13,939
Real estate mortgage investment conduits
Investments, Fair Value Disclosure	43,924	22,709
Mortgage-backed
Investments, Fair Value Disclosure	76,353	68,514
Other mortgage-backed securities
Investments, Fair Value Disclosure	9,036	5,489
Fair Value, Inputs, Level 2
Investments, Fair Value Disclosure	148,882	110,651
Fair Value, Inputs, Level 2 | US Government Agencies Debt Securities
Investments, Fair Value Disclosure	19,569	13,939
Fair Value, Inputs, Level 2 | Real estate mortgage investment conduits
Investments, Fair Value Disclosure	43,924	22,709
Fair Value, Inputs, Level 2 | Mortgage-backed
Investments, Fair Value Disclosure	76,353	68,514
Fair Value, Inputs, Level 2 | Other mortgage-backed securities
Investments, Fair Value Disclosure	9,036	5,489
Fair Value, Inputs, Level 3
Investments, Fair Value Disclosure	1,808	1,812
Fair Value, Inputs, Level 3 | Trust preferred
Investments, Fair Value Disclosure	$ 1,808	$ 1,812

Fair Value Measurement_ Fair138

Fair Value Measurement: Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Details
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Beginning Balance	$ 1,812	$ 1,903
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	(4)	(91)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	$ 1,808	$ 1,812

Fair Value Measurement_ Sche139

Fair Value Measurement: Schedule of Assets measured at fair value on a non-recurring basis (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
Assets, Fair Value Disclosure, Nonrecurring	$ 1,736	$ 4,252
Impaired loans
Assets, Fair Value Disclosure, Nonrecurring	1,092	3,059
Real estate owned
Assets, Fair Value Disclosure, Nonrecurring	644	1,193
Fair Value, Inputs, Level 3
Assets, Fair Value Disclosure, Nonrecurring	1,736	4,252
Fair Value, Inputs, Level 3 | Impaired loans
Assets, Fair Value Disclosure, Nonrecurring	1,092	3,059
Fair Value, Inputs, Level 3 | Real estate owned
Assets, Fair Value Disclosure, Nonrecurring	$ 644	$ 1,193

Fair Value Measurement_ Fair140

Fair Value Measurement: Fair Value Measurements, Nonrecurring, Valuation Techniques (Details)		12 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Impairment loans
Fair Value Measurements, Valuation Techniques		Appraised value
Significant unobservable inputs		Adjustment for market conditions
Market adjustment to appraisals	[1]
Real estate owned
Fair Value Measurements, Valuation Techniques			Appraised value
Significant unobservable inputs			Adjustment for market conditions
Market adjustment to appraisals	[1]
[1]	There were no adjustments to appraised values of impaired loans or REO for the years ended March 31, 2016 and 2015.

Fair Value Measurement_ Fair141

Fair Value Measurement: Fair Value, Option, Quantitative Disclosures (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
Carry Value | Cash and cash equivalents
Value of Assets	$ 55,400	$ 58,659
Carry Value | Certificates of Deposit
Value of Assets	16,769	25,969
Carry Value | Loans held for sale
Value of Assets	503	778
Carry Value | Available-for-sale Securities
Value of Assets	150,690	112,463
Carry Value | Investment securities held to maturity
Value of Assets	75	86
Carry Value | Loans Receivable
Value of Assets	614,934	569,010
Carry Value | Investment in Federal Home Loan Bank Stock
Value of Assets	1,060	5,924
Carry Value | Demand Deposits
Value of Liabilities	660,421	582,011
Carry Value | Time Deposits
Value of Liabilities	119,382	138,839
Carry Value | Subordinated Debt Obligations
Value of Liabilities	22,681	22,681
Carry Value | Capital lease obligations
Value of Liabilities	2,475	2,276
Fair Value, Inputs, Level 1 | Cash and cash equivalents
Value of Assets	55,400	58,659
Fair Value, Inputs, Level 1 | Demand Deposits
Value of Liabilities	660,421	582,011
Fair Value, Inputs, Level 2 | Certificates of Deposit
Value of Assets	16,959	26,256
Fair Value, Inputs, Level 2 | Loans held for sale
Value of Assets	503	778
Fair Value, Inputs, Level 2 | Available-for-sale Securities
Value of Assets	148,882	110,651
Fair Value, Inputs, Level 2 | Investment securities held to maturity
Value of Assets	76	88
Fair Value, Inputs, Level 2 | Investment in Federal Home Loan Bank Stock
Value of Assets	1,060	5,924
Fair Value, Inputs, Level 2 | Time Deposits
Value of Liabilities	119,143	138,744
Fair Value, Inputs, Level 2 | Capital lease obligations
Value of Liabilities	2,475	2,276
Fair Value, Inputs, Level 3 | Available-for-sale Securities
Value of Assets	1,808	1,812
Fair Value, Inputs, Level 3 | Loans Receivable
Value of Assets	571,068	548,908
Fair Value, Inputs, Level 3 | Subordinated Debt Obligations
Value of Liabilities	7,705	9,769
Estimate of Fair Value, Fair Value Disclosure | Cash and cash equivalents
Value of Assets	55,400	58,659
Estimate of Fair Value, Fair Value Disclosure | Certificates of Deposit
Value of Assets	16,959	26,256
Estimate of Fair Value, Fair Value Disclosure | Loans held for sale
Value of Assets	503	778
Estimate of Fair Value, Fair Value Disclosure | Available-for-sale Securities
Value of Assets	150,690	112,463
Estimate of Fair Value, Fair Value Disclosure | Investment securities held to maturity
Value of Assets	76	88
Estimate of Fair Value, Fair Value Disclosure | Loans Receivable
Value of Assets	571,068	548,908
Estimate of Fair Value, Fair Value Disclosure | Investment in Federal Home Loan Bank Stock
Value of Assets	1,060	5,924
Estimate of Fair Value, Fair Value Disclosure | Demand Deposits
Value of Liabilities	660,421	582,011
Estimate of Fair Value, Fair Value Disclosure | Time Deposits
Value of Liabilities	119,143	138,744
Estimate of Fair Value, Fair Value Disclosure | Subordinated Debt Obligations
Value of Liabilities	7,705	9,769
Estimate of Fair Value, Fair Value Disclosure | Capital lease obligations
Value of Liabilities	$ 2,475	$ 2,276

Commitments and Contingencie142

Commitments and Contingencies: Schedule of significant off-balance sheet commitments (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	$ 144,877	$ 100,178
Adjustable-rate
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	25,186	13,410
Fixed-rate
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	16,689	3,652
Standby letters of credit
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	1,379	1,105
Undisbursed loan funds and unused lines of credit
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	$ 101,623	$ 82,011

Condensed Financial Informat143

Condensed Financial Information of Parent Company Only Disclosure: Condensed Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2016		Mar. 31, 2015		Mar. 31, 2014	Mar. 31, 2013
ASSETS
Cash and Cash Equivalents at Carrying Value	$ 55,400		$ 58,659		$ 68,577	$ 115,415
TOTAL ASSETS	921,229		858,750
LIABILITIES AND EQUITY
Dividend Payable	452		253
Total shareholders' equity	108,273		103,801
TOTAL LIABILITIES AND EQUITY	921,229		858,750
Parent Company
ASSETS
Cash and Cash Equivalents at Carrying Value	1,467	[1]	3,140	[2]	$ 1,106	$ 1,020
Investment in The Bank	127,311		121,178
Other Assets, Current	2,657		2,439
TOTAL ASSETS	131,435		126,757
LIABILITIES AND EQUITY
Accrued Expenses and Other Liabilities	29		22
Dividend Payable	452		253
Borrowings	22,681		22,681
Total shareholders' equity	108,273		103,801
TOTAL LIABILITIES AND EQUITY	$ 131,435		$ 126,757
[1]	Including interest earning accounts of $0.
[2]	Including interest earning accounts of $3,111.

Condensed Financial Informat144

Condensed Financial Information of Parent Company Only Disclosure: Condensed Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Operating Expenses
Provision (Benefit) for income taxes									$ 3,426	$ 2,150	$ (15,081)
Net Income (Loss)									6,358	4,491	19,423
Parent Company
Revenues
Investment Income, Dividend										6,000
Interest On Investment Securities and Other Short-term Investments									12	13	13
Interest On Loan Receivable From The Bank									24	33	42
Revenues, Total									36	6,046	55
Operating Expenses
Management Service Fees Paid To The Bank									143	143	143
Other Cost and Expense, Operating									443	457	459
Operating Costs and Expenses, Total									586	600	602
Loss before income taxes and equity in undistributed loss of the bank									(550)	5,446	(547)
Provision (Benefit) for income taxes	$ 1,001	$ 849	$ 743	$ 833	$ 634	$ 587	$ 535	$ 394	(187)	(197)	(1,365)
Income (Loss) Attributable to Parent									(363)	5,643	818
Undistributed Earnings of Domestic Subsidiaries	$ 6,721				$ (1,152)				6,721	(1,152)	18,605
Net Income (Loss)									$ 6,358	$ 4,491	$ 19,423

Condensed Financial Informat145

Condensed Financial Information of Parent Company Only Disclosure: Condensed Cash Flow Statement (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016		Mar. 31, 2015		Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	$ 6,358		$ 4,491		$ 19,423
Increase (Decrease) in Operating Capital
Net cash provided by (used in) operating activities	11,078		5,562		6,531
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends paid	(1,261)
Exercise of stock options, Value	62		48
Net cash provided by (used in) financing activities	56,324		30,775		25,011
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(3,259)		(9,918)		(46,838)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	58,659		68,577		115,415
CASH AND CASH EQUIVALENTS, END OF PERIOD	55,400		58,659		68,577
Parent Company
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	6,358		4,491		19,423
Adjustments to reconcile net income to cash provided by operating activities:
Equity in undistributed (earnings) loss of the Bank	(6,721)		1,152		(18,605)
Benefit For Deferred Income Taxes	721		(197)		(1,364)
Earned ESOP Shares	110		102		68
Share-based Compensation			26		78
Increase (Decrease) in Operating Capital
Other Assets	(941)		110		131
Increase (decrease) in Accrued expenses and other liabilities	(1)		(3,698)		355
Net cash provided by (used in) operating activities	(474)		1,986		86
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends paid	(1,261)
Exercise of stock options, Value	62		48
Net cash provided by (used in) financing activities	(1,199)		48
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(1,673)		2,034		86
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	3,140	[1]	1,106		1,020
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 1,467	[2]	$ 3,140	[1]	$ 1,106
[1]	Including interest earning accounts of $3,111.
[2]	Including interest earning accounts of $0.

Condensed Financial Informat146

Condensed Financial Information of Parent Company Only Disclosure: Schedule of Quarterly Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended								12 Months Ended
		Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Total interest expense										$ 1,742	$ 1,916	$ 2,568
Net interest income										29,206	26,710	24,236
Less provision for (recapture of) loan losses										(1,150)	(1,800)	(3,700)
Total non-interest income, net										9,375	8,875	8,367
Total non-interest expense										29,947	30,744	31,961
Provision (Benefit) for income taxes										$ 3,426	$ 2,150	$ (15,081)
Basic earnings										$ 0.28	$ 0.20	$ 0.87
Diluted earnings										$ 0.28	$ 0.20	$ 0.87
Parent Company
Interest Income, Operating		$ 7,864	$ 7,921	$ 7,602	$ 7,561	$ 7,347	$ 7,203	$ 7,210	$ 6,866
Total interest expense		432	434	439	437	434	485	490	507
Net interest income		7,432	7,487	7,163	7,124	6,913	6,718	6,720	6,359
Less provision for (recapture of) loan losses		(350)		(300)	(500)	(750)	(400)	(350)	(300)
Total non-interest income, net		2,193	2,417	2,216	2,549	2,178	2,264	2,223	2,210
Total non-interest expense		7,569	7,349	7,284	7,745	7,689	7,646	7,674	7,735
Income (loss) Before Income Taxes		2,406	2,555	2,395	2,428	2,152	1,736	1,619	1,134
Provision (Benefit) for income taxes		1,001	849	743	833	634	587	535	394	$ (187)	$ (197)	$ (1,365)
Net Income (Loss) Available to Common Stockholders, Basic, Total		$ 1,405	$ 1,706	$ 1,652	$ 1,595	$ 1,518	$ 1,149	$ 1,084	$ 740
Basic earnings	[1]	$ 0.06	$ 0.08	$ 0.07	$ 0.07	$ 0.07	$ 0.05	$ 0.05	$ 0.03
Diluted earnings	[1]	$ 0.06	$ 0.08	$ 0.07	$ 0.07	$ 0.07	$ 0.05	$ 0.05	$ 0.03
[1]	Quarterly earnings per share may vary from annual earnings per share due to rounding.