Riverview Bancorp (RVSB) 10-Q 8 Feb 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 31, 2016	Feb. 08, 2017
Document and Entity Information:
Entity Registrant Name	RIVERVIEW BANCORP INC
Entity Central Index Key	1,041,368
Trading Symbol	rvsb
Current Fiscal Year End Date	--03-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		22,510,890
Document Type	10-Q
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3

RIVERVIEW BANCORP, INC. AND SUB

RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
ASSETS
Cash and cash equivalents (including interest-earning accounts of $14,302 and $40,317)	$ 28,262	$ 55,400
Certificates of deposit held for investment	11,291	16,769
Loans held for sale	1,679	503
Investment securities:
Available for sale, at estimated fair value	207,271	150,690
Held to maturity, at amortized cost (estimated fair value of $68 and $76)	67	75
Loans receivable (net of allowance for loan losses of $10,289 and $9,885)	654,053	614,934
Real estate owned	298	595
Prepaid expenses and other assets	4,832	3,405
Accrued interest receivable	2,846	2,384
Federal Home Loan Bank stock, at cost	1,060	1,060
Premises and equipment, net	13,953	14,595
Deferred income taxes, net	8,665	9,189
Mortgage servicing rights, net	390	380
Goodwill	25,572	25,572
Bank owned life insurance	25,430	25,678
TOTAL ASSETS	985,669	921,229
LIABILITIES:
Deposits	840,391	779,803
Accrued expenses and other liabilities	10,450	7,388
Advanced payments by borrowers for taxes and insurance	288	609
Junior subordinated debentures	22,681	22,681
Capital lease obligation	2,459	2,475
Total liabilities	876,269	812,956
COMMITMENTS AND CONTINGENCIES (See Note 12)
SHAREHOLDERS' EQUITY:
Serial preferred stock, $.01 par value; 250,000 authorized; issued and outstanding: none Common stock, $.01 par value; 50,000,000 authorized
Common stock, $.01 par value; 50,000,000 authorized December 31, 2016 - 22,510,890 issued and outstanding March 31, 2016 - 22,507,890 issued and outstanding	225	225
Additional paid-in capital	64,448	64,418
Retained earnings	46,750	42,728
Unearned shares issued to employee stock ownership plan ("ESOP")	(103)	(181)
Accumulated other comprehensive income (loss)	(1,920)	1,083
Total shareholders' equity	109,400	108,273
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 985,669	$ 921,229

RIVERVIEW BANCORP, INC. AND SU3

RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED BALANCE SHEETS (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Statement of Financial Position [Abstract]
Interest-Earning accounts included in Cash	$ 14,302	$ 40,317
Fair Value of Mortgage-backed securities held to maturity	68	76
Financing receivable, Allowance for Credit Losses	$ 10,289	$ 9,885
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	22,510,890	22,507,890
Common stock shares outstanding	22,510,890	22,507,890

RIVERVIEW BANCORP, INC. AND SU4

RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
INTEREST AND DIVIDEND INCOME:
Interest and fees on loans receivable	$ 7,883	$ 7,109	$ 22,954	$ 20,758
Interest on investment securities - taxable	946	702	2,435	1,986
Interest on investment securities - nontaxable	11		11
Other interest and dividends	112	110	344	340
Total interest and dividend income	8,952	7,921	25,744	23,084
INTEREST EXPENSE:
Interest on deposits	277	290	837	893
Interest on borrowings	173	144	494	417
Total interest expense	450	434	1,331	1,310
Net interest income	8,502	7,487	24,413	21,774
Recapture of loan losses				(800)
Net interest income after recapture of loan losses	8,502	7,487	24,413	22,574
NON-INTEREST INCOME:
Fees and service charges	1,304	1,312	3,815	3,740
Asset management fees	709	830	2,258	2,455
Net gains on sales of loans held for sale	191	125	493	425
Bank owned life insurance ("BOLI")	185	193	566	580
BOLI death benefit in excess of cash surrender value			407
Other, net	(56)	(43)	(111)	(18)
Total non-interest income, net	2,333	2,417	7,428	7,182
NON-INTEREST EXPENSE:
Salaries and employee benefits	4,850	4,452	14,021	13,102
Occupancy and depreciation	1,158	1,200	3,520	3,523
Data processing	562	424	1,533	1,345
Advertising and marketing	163	149	608	533
FDIC insurance premium	77	127	273	375
State and local taxes	170	102	455	362
Telecommunications	75	71	224	218
Professional fees	355	222	1,066	673
Litigation settlement			500	100
Real estate owned	2	65	52	511
Other	439	537	1,811	1,636
Total non-interest expense	7,851	7,349	24,063	22,378
INCOME BEFORE INCOME TAXES	2,984	2,555	7,778	7,378
PROVISION FOR INCOME TAXES	991	849	2,408	2,425
NET INCOME	$ 1,993	$ 1,706	$ 5,370	$ 4,953
Earnings per common share:
Basic (in dollars per share)	$ 0.09	$ 0.08	$ 0.24	$ 0.22
Diluted (in dollars per share)	$ 0.09	$ 0.08	$ 0.24	$ 0.22
Weighted average number of common shares outstanding:
Basic (in shares)	22,490,433	22,455,543	22,477,473	22,446,463
Diluted (in shares)	22,563,712	22,506,341	22,537,663	22,491,546

RIVERVIEW BANCORP, INC. AND SU5

RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Statements of Comprehensive Income
Net income	$ 1,993	$ 1,706	$ 5,370	$ 4,953
Other comprehensive income (loss)
Net unrealized holding loss from available for sale investment securities arising during the period, net of tax of $1,787, $436, $1,738 and $511, respectively	(3,249)	(792)	(3,158)	(978)
Reclassification adjustment for other than temporary impairment of available for sale investment security included in income, net of tax of ($38), $0, ($85) and $0, respectively	70		155
Noncontrolling interest		13		47
Total comprehensive income (loss)	$ (1,186)	$ 927	$ 2,367	$ 4,022

RIVERVIEW BANCORP, INC. AND SU6

RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Statements of Comprehensive Income
Tax effect of unrealized holding gain (loss) from available for sale securities	$ 1,787	$ 436	$ 1,738	$ 511
Reclassification adjustment of other than temporary impairment of available for sale investment security included in income	$ (38)	$ 0	$ (85)	$ 0

RIVERVIEW BANCORP, INC. AND SU7

RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained Earnings	Unearned Shares Issued to ESOP	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest	Total
Balance at Mar. 31, 2015	$ 225	$ 65,268	$ 37,830	$ (284)	$ 762	$ 536	$ 104,337
Balance (in shares) at Mar. 31, 2015	22,489,890
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			4,953				4,953
Purchase of subsidiary shares from noncontrolling interest		(919)				(583)	(1,502)
Cash dividend			(1,010)				(1,010)
Exercise of stock options		62					62
Exercise of stock options (in shares)	18,000
Earned ESOP shares		6		78			84
Other comprehensive loss					(978)		(978)
Noncontrolling interest						$ 47	47
Balance at Dec. 31, 2015	$ 225	64,417	41,773	(206)	(216)		105,993
Balance (in shares) at Dec. 31, 2015	22,507,890
Balance at Mar. 31, 2016	$ 225	64,418	42,728	(181)	1,083		108,273
Balance (in shares) at Mar. 31, 2016	22,507,890
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			5,370				5,370
Cash dividend			(1,348)				(1,348)
Exercise of stock options		11					11
Exercise of stock options (in shares)	3,000
Earned ESOP shares		19		78			97
Other comprehensive loss					(3,003)		(3,003)
Balance at Dec. 31, 2016	$ 225	$ 64,448	$ 46,750	$ (103)	$ (1,920)		$ 109,400
Balance (in shares) at Dec. 31, 2016	22,510,890

RIVERVIEW BANCORP, INC. AND SU8

RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Statement of Stockholders' Equity [Abstract]
Dividend per share	$ 0.06	$ 0.045

RIVERVIEW BANCORP, INC. AND SU9

RIVERVIEW BANCORP, INC. AND SUBSIDIARY - CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 5,370	$ 4,953
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,624	2,395
Recapture of loan losses		(800)
Provision for deferred income taxes	2,177	2,265
Expense related to ESOP	97	84
Increase in deferred loan origination fees, net of amortization	441	400
Origination of loans held for sale	(16,713)	(12,536)
Proceeds from sales of loans held for sale	15,854	13,198
Writedown of real estate owned	30	323
Loss on impairment of investment security	240
Net gains on loans held for sale, sales and transfer of real estate owned, sales of investment securities and sales of premises and equipment	(487)	(265)
Income from BOLI	(566)	(580)
Changes in certain other assets and liabilities:
Prepaid expenses and other assets	505	(30)
Accrued interest receivable	(462)	(290)
Accrued expenses and other liabilities	3,182	(909)
Net cash provided by operating activities	12,292	8,208
CASH FLOWS FROM INVESTING ACTIVITIES:
Loan originations, net	(40,055)	(15,948)
Purchases of loans receivable		(15,618)
Principal repayments on investment securities available for sale	22,681	16,599
Purchases of investment securities available for sale	(92,417)	(60,679)
Proceeds from calls, maturities, and sales of investment securities available for sale	5,500
Principal repayments on investment securities held to maturity	8	9
Redemption of certificates of deposit held for investment, net	5,478	8,208
Proceeds from redemption of Federal Home Loan Bank stock		4,936
Proceeds from death benefit on BOLI	407
Purchases of premises and equipment and capitalized software	(209)	(281)
Proceeds from sales of real estate owned and premises and equipment	263	744
Net cash used in investing activities	(98,344)	(62,030)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits	60,588	26,715
Purchase of subsidiary shares from noncontrolling interest		(1,502)
Dividends paid	(1,348)	(868)
Proceeds from borrowings	2,000	3,100
Repayment of borrowings	(2,000)	(3,100)
Principal payments on capital lease obligation	(16)	(38)
Net decrease in advance payments by borrowers	(321)	(239)
Proceeds from exercise of stock options	11	62
Net cash provided by financing activities	58,914	24,130
NET DECREASE IN CASH AND CASH EQUIVALENTS	(27,138)	(29,692)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	55,400	58,659
CASH AND CASH EQUIVALENTS, END OF PERIOD	28,262	28,967
Cash paid during the period for:
Interest	1,194	1,180
Income taxes	230	199
NONCASH INVESTING AND FINANCING ACTIVITIES:
Dividends declared and accrued in other liabilities	450	393
Adjustment to capital lease obligation and premises and equipment		241
Unrealized holding loss from investment securities available for sale	(4,656)	(1,489)
Income tax effect related to unrealized holding loss from investment securities available for sale	1,653	$ 511
Transfer of investment security to other assets	$ 1,679

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Dec. 31, 2016
Basis Of Presentation [Abstract]
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Quarterly Reports on Form 10-Q and, therefore, do not include all disclosures necessary for a complete presentation of financial condition, results of operations and cash flows in conformity with accounting principles generally accepted in the United States of America ("GAAP"). However, all adjustments that are, in the opinion of management, necessary for a fair presentation of the interim unaudited consolidated financial statements have been included. All such adjustments are of a normal recurring nature. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Riverview Bancorp, Inc. Annual Report on Form 10-K for the year ended March 31, 2016 ("2016 Form 10-K"). The unaudited consolidated results of operations for the nine months ended December 31, 2016 are not necessarily indicative of the results which may be expected for the entire fiscal year ending March 31, 2017. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Certain prior period amounts have been reclassified to conform to the December 31, 2016 presentation; such reclassifications had no effect on net income or total equity previously reported. On September 29, 2016, Riverview Bancorp, Inc. and Riverview Community Bank entered into a Purchase and Assumption Agreement ("Agreement") with Merchants Bancorp and its wholly owned subsidiary, MBank, of Gresham, Oregon under which Riverview Community Bank will purchase certain assets and assume certain liabilities of MBank in a cash transaction. As part of the transaction and as provided by the Agreement, Riverview Bancorp, Inc. will assume the obligations of Merchant Bancorp's trust preferred securities. The transaction is subject to regulatory approval and the satisfaction of customary closing conditions. The transaction is expected to be completed in the quarter ending March 31, 2017. For additional information about the Agreement, see the Riverview Bancorp, Inc.'s Current Report on Form 8-K filed with the Securities and Exchange Commission on September 29, 2016.

PRINCIPLES OF CONSOLIDATION

PRINCIPLES OF CONSOLIDATION	9 Months Ended
	Dec. 31, 2016
Principles Of Consolidation [Abstract]
PRINCIPLES OF CONSOLIDATION	2. PRINCIPLES OF CONSOLIDATION The accompanying unaudited consolidated financial statements include the accounts of: Riverview Bancorp, Inc.; its wholly-owned subsidiary, Riverview Community Bank (the "Bank"); and the Bank's wholly-owned subsidiaries, Riverview Services, Inc. and Riverview Trust Company (the "Trust Company") (collectively referred to as the "Company"). On May 24, 2016, Riverview Asset Management Corp. changed its name to Riverview Trust Company. All inter-company transactions and balances have been eliminated in consolidation. During December 2015, the Trust Company repurchased all the remaining shares held by its noncontrolling interest owner. Upon repurchase, these shares were retired. This transaction resulted in the Bank's ownership increasing from 90% to 100%.

STOCK PLANS AND STOCK-BASED COM

STOCK PLANS AND STOCK-BASED COMPENSATION	9 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK PLANS AND STOCK-BASED COMPENSATION	3. STOCK PLANS AND STOCK-BASED COMPENSATION In July 1998, shareholders of the Company approved the adoption of the 1998 Stock Option Plan ("1998 Plan"). The 1998 Plan was effective October 1998 and expired in October 2008. Accordingly, no further option awards may be granted under the 1998 Plan; however, any awards granted prior to its expiration remain outstanding subject to their terms. Each option granted under the 1998 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. 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 following table presents information related to stock options outstanding for the periods shown: Nine Months Ended December 31, 2016 Nine Months Ended December 31, 2015 Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Balance, beginning of period 223,654 $ 4.73 424,654 $ 8.00 Options exercised (3,000 ) 3.84 (18,000 ) 3.49 Forfeited - - (25,000 ) 9.52 Expired - - (8,000 ) 11.79 Balance, end of period 220,654 $ 4.74 373,654 $ 8.04 The following table presents information on stock options outstanding for the periods shown, less estimated forfeitures: December 31, 2016 2015 Stock options fully vested and expected to vest: Number 220,654 373,654 Weighted average exercise price $ 4.74 $ 8.04 Aggregate intrinsic value (1) $ 630,000 $ 228,000 Weighted average contractual term of options (years) 3.60 2.83 Stock options fully vested and currently exercisable: Number 220,654 373,654 Weighted average exercise price $ 4.74 $ 8.04 Aggregate intrinsic value (1) $ 630,000 $ 228,000 Weighted average contractual term of options (years) 3.60 2.83 (1) There was no stock-based compensation expense related to stock options for the nine months ended December 31, 2016 and 2015. As of December 31, 2016, all outstanding stock options were fully vested, and there was no remaining unrecognized compensation expense. The total intrinsic value of stock options exercised was $5,000 and $16,000 for the nine months ended December 31, 2016 and 2015, respectively. The fair value of each stock option granted is estimated on the date of grant using the Black-Scholes stock option valuation model. There were no stock options granted during the nine months ended December 31, 2016 and 2015.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
EARNINGS PER SHARE	4. EARNINGS PER SHARE Basic earnings per share ("EPS") is computed by dividing net income 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 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. As of December 31, 2016 and 2015, there were 24,633 and 49,266 shares, respectively, which had not been allocated under the Company's ESOP. For both the three and nine months ended December 31, 2016, stock options for 59,000 shares of common stock were excluded in computing diluted EPS because they were antidilutive. For the three and nine months ended December 31, 2015, stock options for 215,000 and 221,000 shares, respectively, of common stock were excluded in computing diluted EPS because they were antidilutive. The following table presents a reconciliation of the components used to compute basic and diluted EPS for the periods indicated: Three Months Ended December 31, Nine Months Ended December 31, 2016 2015 2016 2015 Basic EPS computation: Numerator-net income $ 1,993,000 $ 1,706,000 $ 5,370,000 $ 4,953,000 Denominator-weighted average common shares outstanding 22,490,433 22,455,543 22,477,473 22,446,463 Basic EPS $ 0.09 $ 0.08 $ 0.24 $ 0.22 Diluted EPS computation: Numerator-net income $ 1,993,000 $ 1,706,000 $ 5,370,000 $ 4,953,000 Denominator-weighted average common shares outstanding 22,490,433 22,455,543 22,477,473 22,446,463 Effect of dilutive stock options 73,279 50,798 60,190 45,083 Weighted average common shares and common stock equivalents 22,563,712 22,506,341 22,537,663 22,491,546 Diluted EPS $ 0.09 $ 0.08 $ 0.24 $ 0.22

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	5. 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 December 31, 2016 Available for sale: Municipal securities $ 2,951 $ - $ (141 ) $ 2,810 Agency securities 16,992 17 (212 ) 16,797 Real estate mortgage investment conduits (1) 45,505 64 (420 ) 45,149 Residential mortgage-backed securities (1) 102,193 82 (1,312 ) 100,963 Other mortgage-backed securities (2) 42,607 18 (1,073 ) 41,552 Total available for sale $ 210,248 $ 181 $ (3,158 ) $ 207,271 Held to maturity: Mortgage-backed securities (3) $ 67 $ 1 $ - $ 68 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 Residential 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: Residential mortgage-backed securities (3) $ 75 $ 1 $ - $ 76 (1) (2) (3) The contractual maturities of investment securities as of December 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 $ 16,486 $ 16,433 $ - $ - Due after five years through ten years 34,178 33,578 60 61 Due after ten years 159,584 157,260 7 7 Total $ 210,248 $ 207,271 $ 67 $ 68 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 December 31, 2016 Available for sale: Municipal securities $ 2,810 $ (141 ) $ - $ - $ 2,810 $ (141 ) Agency securities 15,774 (212 ) - - 15,774 (212 ) Real estate mortgage investment conduits (1) 33,074 (420 ) - - 33,074 (420 ) Residential mortgage-backed securities (1) 82,188 (1,297 ) 651 (15 ) 82,839 (1,312 ) Other mortgage-backed securities (2) 36,760 (1,029 ) 2,873 (44 ) 39,633 (1,073 ) Total available for sale $ 170,606 $ (3,099 ) $ 3,524 $ (59 ) $ 174,130 $ (3,158 ) (1) (2) 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 ) Residential 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 ) (1) (2) (3) For the three and nine months ended December 31, 2016, the Company recognized other than temporary impairment ("OTTI") charges of $108,000 and $240,000, respectively, on a collateralized debt obligation secured by a pool of trust preferred securities issued by other bank holding companies. In September 2016, the Company was notified that this collateralized debt obligation will be liquidated in accordance with provisions contained within the collateralized debt obligation indenture agreement. Management concluded that the collateralized debt obligation was other than temporarily impaired based upon the liquidation notice and has recorded the OTTI charges through other non-interest income. As of December 31, 2016, the collateralized debt obligation was reclassified from investment securities available for sale to other assets on the consolidated balance sheets. As of December 31, 2016, the collateralized debt obligation had been liquidated and proceeds from the liquidation were distributed on January 25, 2017. The unrealized losses on the Company's investment securities at December 31, 2016 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 available for sale for the three and nine months ended December 31, 2016 and 2015. Investment securities available for sale with an amortized cost of $11.6 million and $10.2 million and a fair value of $11.5 million and $10.3 million at December 31, 2016 and March 31, 2016, respectively, were pledged as collateral for government public funds held by the Bank. Investment securities held to maturity with an amortized cost of $20,000 and $23,000 and a fair value of $21,000 and $24,000 at December 31, 2016 and March 31, 2016, respectively, were pledged as collateral for government public funds held by the Bank.

LOANS RECEIVABLE

LOANS RECEIVABLE	9 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
LOANS RECEIVABLE	6. LOANS RECEIVABLE Loans receivable as of December 31, 2016 and March 31, 2016 are reported net of deferred loan fees totaling $3.1 million and $2.7 million, respectively. Loans receivable, excluding loans held for sale, consisted of the following at the dates indicated (in thousands): December 31, 2016 March 31, 2016 Commercial and construction Commercial business $ 64,401 $ 69,397 Commercial real estate 397,345 353,749 Land 12,276 12,045 Multi-family 23,161 33,733 Real estate construction 52,707 26,731 Total commercial and construction 549,890 495,655 Consumer Real estate one-to-four family 85,956 88,780 Other installment (1) 28,496 40,384 Total consumer 114,452 129,164 Total loans 664,342 624,819 Less: Allowance for loan losses 10,289 9,885 Loans receivable, net $ 654,053 $ 614,934 (1) Consists primarily of purchased automobile loans totaling $26.4 million and $37.4 million at December 31, 2016 and March 31, 2016, respectively. 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 December 31, 2016, loans carried at $444.5 million were pledged as collateral to the Federal Home Loan Bank of Des Moines ("FHLB") and Federal Reserve Bank of San Francisco ("FRB") pursuant to borrowing agreements. Most of the Bank's business activity is with customers located in the states of Washington and Oregon. Loans and extensions of credit outstanding at one time to one borrower are generally limited by federal regulation to 15% of the Bank's shareholders' equity, excluding accumulated other comprehensive income (loss). As of December 31, 2016 and March 31, 2016, the Bank had no loans to any one borrower in excess of the regulatory limit.

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Dec. 31, 2016
Allowance For Loan Losses [Abstract]
ALLOWANCE FOR LOAN LOSSES	7. ALLOWANCE FOR LOAN LOSSES The allowance for loan losses is maintained at a level sufficient to provide for estimated loan losses based on evaluating known and inherent risks in the loan portfolio. The allowance is provided based upon the Company's ongoing quarterly assessment of the pertinent factors underlying the quality of the loan portfolio. These factors include changes in the size and composition of the loan portfolio, delinquency levels, actual loan loss experience, current economic conditions and a detailed analysis of individual loans for which full collectability may not be assured. The detailed analysis includes techniques to estimate the fair value of loan collateral and the existence of potential alternative sources of repayment. The allowance consists of specific, general and unallocated components. 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 and 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 of these loans 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. 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. The following tables present a reconciliation of the allowance for loan losses for the periods indicated (in thousands): Three months ended December 31, 2016 Commercial Business Commercial Real Estate Land Multi- Family Real Estate Construction Consumer Unallocated Total Beginning balance $ 909 $ 4,689 $ 154 $ 613 $ 727 $ 2,290 $ 681 $ 10,063 Provision for (recapture of) loan losses 131 162 (113 ) (284 ) 94 (13 ) 23 - Charge-offs (1 ) - - - - (131 ) - (132 ) Recoveries 205 - 132 - - 21 - 358 Ending balance $ 1,244 $ 4,851 $ 173 $ 329 $ 821 $ 2,167 $ 704 $ 10,289 Nine months ended December 31, 2016 Beginning balance $ 1,048 $ 4,273 $ 325 $ 712 $ 416 $ 2,403 $ 708 $ 9,885 Provision for (recapture of) loan losses (19 ) 576 (472 ) (383 ) 405 (103 ) (4 ) - Charge-offs (1 ) - - - - (246 ) - (247 ) Recoveries 216 2 320 - - 113 - 651 Ending balance $ 1,244 $ 4,851 $ 173 $ 329 $ 821 $ 2,167 $ 704 $ 10,289 Three months ended December 31, 2015 Beginning balance $ 1,360 $ 4,293 $ 490 $ 494 $ 286 $ 2,329 $ 861 $ 10,113 Provision for (recapture of) loan losses 160 (141 ) (134 ) 9 84 175 (153 ) - Charge-offs - - - - - (87 ) - (87 ) Recoveries 6 - 107 - - 34 - 147 Ending balance $ 1,526 $ 4,152 $ 463 $ 503 $ 370 $ 2,451 $ 708 $ 10,173 Nine months ended December 31, 2015 Beginning balance $ 1,263 $ 4,268 $ 539 $ 348 $ 769 $ 2,548 $ 1,027 $ 10,762 Provision for (recapture of) loan losses 239 (116 ) (306 ) 155 (405 ) (48 ) (319 ) (800 ) Charge-offs - - - - - (161 ) - (161 ) Recoveries 24 - 230 - 6 112 - 372 Ending balance $ 1,526 $ 4,152 $ 463 $ 503 $ 370 $ 2,451 $ 708 $ 10,173 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 December 31, 2016 Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Commercial business $ - $ 1,244 $ 1,244 $ 296 $ 64,105 $ 64,401 Commercial real estate - 4,851 4,851 7,784 389,561 397,345 Land - 173 173 801 11,475 12,276 Multi-family - 329 329 1,698 21,463 23,161 Real estate construction - 821 821 - 52,707 52,707 Consumer 102 2,065 2,167 1,487 112,965 114,452 Unallocated - 704 704 - - - Total $ 102 $ 10,187 $ 10,289 $ 12,066 $ 652,276 $ 664,342 March 31, 2016 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 Non-accrual loans: The following tables present an analysis of loans by aging category at the dates indicated (in thousands): December 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 $ - $ - $ 189 $ 189 $ 64,212 $ 64,401 Commercial real estate 252 - 1,478 1,730 395,615 397,345 Land - - 801 801 11,475 12,276 Multi-family - - - - 23,161 23,161 Real estate construction - - - - 52,707 52,707 Consumer 649 10 309 968 113,484 114,452 Total $ 901 $ 10 $ 2,777 $ 3,688 $ 660,654 $ 664,342 March 31, 2016 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 Credit quality indicators: Pass Watch Special mention Substandard Doubtful Loss The following tables present an analysis of credit quality indicators at the dates indicated (dollars in thousands): December 31, 2016 Pass Special Mention Substandard Doubtful Loss Total Loans Receivable Commercial business $ 61,558 $ 1,573 $ 1,270 $ - $ - $ 64,401 Commercial real estate 389,486 6,207 1,652 - - 397,345 Land 11,475 - 801 - - 12,276 Multi-family 23,149 - 12 - - 23,161 Real estate construction 52,707 - - - - 52,707 Consumer 114,143 - 309 - - 114,452 Total $ 652,518 $ 7,780 $ 4,044 $ - $ - $ 664,342 March 31, 2016 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 Impaired loans and troubled debt restructurings ("TDRs"): The following tables present the total and average recorded investment in impaired loans at the dates and for the periods indicated (in thousands): December 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 $ 296 $ - $ 296 $ 299 $ - Commercial real estate 7,784 - 7,784 8,869 - Land 801 - 801 807 - Multi-family 1,698 - 1,698 1,827 - Consumer 309 1,178 1,487 1,623 102 Total $ 10,888 $ 1,178 $ 12,066 $ 13,425 $ 102 March 31, 2016 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 Three Months ended December 31, 2016 Three Months ended December 31, 2015 Average Recorded Investment Interest Recognized on Impaired Loans Average Recorded Investment Interest Recognized on Impaired Loans Commercial business $ 298 $ 2 $ 405 $ 2 Commercial real estate 8,607 72 12,617 98 Land 801 - 801 - Multi-family 1,704 23 1,821 24 Consumer 1,492 16 1,778 18 Total $ 12,902 $ 113 $ 17,422 $ 142 Nine Months ended December 31, 2016 Nine Months ended December 31, 2015 Average Recorded Investment Interest Recognized on Impaired Loans Average Recorded Investment Interest Recognized on Impaired Loans Commercial business $ 244 $ 10 $ 630 $ 15 Commercial real estate 9,128 267 13,962 364 Land 801 - 801 - Multi-family 1,715 70 1,869 76 Consumer 1,543 47 2,014 54 Total $ 13,431 $ 394 $ 19,276 $ 509 The cash basis interest income on impaired loans was not materially different than the interest recognized on impaired loans as shown in the above tables. 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 above. The following table presents TDRs by interest accrual status at the dates indicated (in thousands): December 31, 2016 March 31, 2016 Accrual Nonaccrual Total Accrual Nonaccrual Total Commercial business $ 107 $ 189 $ 296 $ 192 $ - $ 192 Commercial real estate 6,306 1,478 7,784 8,244 1,289 9,533 Land - 801 801 - 801 801 Multi-family 1,698 - 1,698 1,731 - 1,731 Consumer 1,487 - 1,487 1,678 - 1,678 Total $ 9,598 $ 2,468 $ 12,066 $ 11,845 $ 2,090 $ 13,935 At December 31, 2016, the Company had no commitments to lend additional funds on these loans. At December 31, 2016, all of the Company's TDRs were paying as agreed except for one $189,000 commercial business TDR loan and two commercial real estate TDR loans totaling $1.5 million that defaulted after the loans were modified. There were no new TDRs for the three months ended December 31, 2016. There was one new TDR for the nine months ended December 31, 2016. This new TDR was a commercial loan with a pre-modification outstanding recorded investment balance of $116,000 and a post-modification outstanding recorded investment balance of $107,000. There were no new TDRs for the three months and nine months ended December 31, 2015. There were no loans modified as a TDR within the previous twelve months that subsequently defaulted during the three and nine months ended December 31, 2016. 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 will be 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.

GOODWILL

GOODWILL	9 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	8. GOODWILL Goodwill and certain other intangibles generally arise from business combinations accounted for under the purchase method. Goodwill and other intangibles deemed to have indefinite lives generated from business combinations are not subject to amortization and are instead tested for impairment not less than annually. The Company has two reporting units, the Bank and the Trust Company, for purposes of evaluating goodwill for impairment. The Company performed an impairment assessment as of October 31, 2016 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.

JUNIOR SUBORDINATED DEBENTURES

JUNIOR SUBORDINATED DEBENTURES	9 Months Ended
	Dec. 31, 2016
Junior Subordinated Debentures [Abstract]
JUNIOR SUBORDINATED DEBENTURES	9. JUNIOR SUBORDINATED DEBENTURES At December 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 December 31, 2016 and March 31, 2016, 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 amounts outstanding of the Debentures at December 31, 2016 (dollars in thousands): Issuance Trust Issuance Date Amount Outstanding Rate Type Initial Rate Current Rate Maturity Date Riverview Bancorp Statutory Trust I 12/2005 $ 7,217 Variable (1) 5.88 % 2.32 % 3/2036 Riverview Bancorp Statutory Trust II 06/2007 15,464 Variable (2) 7.03 % 2.31 % 9/2037 $ 22,681 (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%

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	10. 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 December 31, 2016 Total estimated fair value Level 1 Level 2 Level 3 Investment securities available for sale: Municipal securities $ 2,810 $ - $ 2,810 $ - Agency securities 16,797 - 16,797 - Real estate mortgage investment conduits 45,149 - 45,149 - Residential mortgage-backed securities 100,963 - 100,963 - Other mortgage-backed securities 41,552 - 41,552 - Total assets measured at fair value on a recurring basis $ 207,271 $ - $ 207,271 $ - March 31, 2016 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 - Residential 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 There were no transfers of assets into or out of Level 1, 2 or 3 for the nine months ended December 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 Nine Months Ended December 31, 2016 December 31, 2015 Available for sale securities Available for sale securities Beginning balance $ 1,808 $ 1,812 Transfers into Level 3 - - Included in earnings (1) (240 ) - Included in other comprehensive income 111 (25 ) Disposition (1,679 ) - Ending balance $ - $ 1,787 (1) The following methods were used to estimate the fair value of financial instruments 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 had determined that the market for its collateralized debt obligation secured by a pool of trust preferred securities was 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 reflected 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 December 31, 2016 Total Estimated Fair Value Level 1 Level 2 Level 3 Impaired loans $ 1,076 $ - $ - $ 1,076 March 31, 2016 Impaired loans $ 1,092 $ - $ - $ 1,092 Real estate owned ("REO") 644 - - 644 Total nonrecurring assets measured at fair value $ 1,736 $ - $ - $ 1,736 The following table presents quantitative information about Level 3 inputs for financial instruments measured at fair value on a nonrecurring basis at December 31, 2016 and March 31, 2016: 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) REO for the nine months ended December 31, 2015. The following methods were used to estimate the fair value of each class of financial instrument above: 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 help ensure that 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): December 31, 2016 Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value Assets: Cash and cash equivalents $ 28,262 $ 28,262 $ - $ - $ 28,262 Certificates of deposit held for investment 11,291 - 11,362 - 11,362 Loans held for sale 1,679 - 1,679 - 1,679 Investment securities available for sale 207,271 - 207,271 - 207,271 Investment securities held to maturity 67 - 68 - 68 Loans receivable, net 654,053 - - 618,193 618,193 FHLB stock 1,060 - 1,060 - 1,060 Liabilities: Demand and savings deposits 730,131 730,131 - - 730,131 Time deposits 110,260 - 109,365 - 109,365 Junior subordinated debentures 22,681 - - 9,016 9,016 Capital lease obligation 2,459 - 2,459 - 2,459 March 31, 2016 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 obligation 2,475 - 2,475 - 2,475 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 Loans receivable and loans held for sale Investment securities FHLB stock Deposits Junior subordinated debentures Capital lease obligation Off-balance sheet financial instruments

NEW ACCOUNTING PRONOUNCEMENTS

NEW ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Dec. 31, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	11. NEW ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09"). ASU 2014-09 implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: (1) identify the contract(s) with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract and (5) recognize revenue when (or as) the entity satisfies a performance obligation. ASU 2014-09 is effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2017. The adoption of ASU 2014-09 is not expected to have a significant impact on the Company's future 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"). The main provisions of ASU 2016-01 address the valuation and impairment of certain equity investments along with simplified disclosures about those investments. Equity securities with readily determinable fair values will be treated in the same manner as other financial instruments. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The adoption of ASU 2016-01 is not expected to have a significant impact 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 in 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. ASU 2016-02 will be effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018. Early application of ASU 2016-02 is permitted. The adoption of ASU 2016-02 is not expected to have a significant impact on the Company's future consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, "Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments" ("ASU 2016-13"). ASU 2016-13 replaces the existing incurred losses methodology for estimating allowances with a current expected credit losses methodology. ASU 2016-13 will apply to most financial assets measured at amortized cost and certain other instruments, including trade and other receivables, loans, held to maturity investment securities and off-balance sheet commitments. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company is currently evaluating the impact that the adoption of ASU 2016-13 will have on the Company's future consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, "Intangibles – Goodwill and Other: Simplifying the Test for Goodwill Impairment" ("ASU 2017-04"). ASU 2017-04 simplifies the subsequent measurement of goodwill and eliminated Step 2 from the goodwill impairment test. In computing the implied fair value of goodwill under Step 2, an entity had to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Under ASU 2017-04, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. ASU 2017-04 will be effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early application of ASU 2017-04 is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The adoption of ASU 2017-04 is not expected to have a significant impact on the Company's future consolidated financial statements.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	12. 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 at December 31, 2016 are listed below (in thousands): Contract or Notional Amount Commitments to originate loans: Adjustable-rate $ 24,100 Fixed-rate 5,464 Standby letters of credit 1,439 Undisbursed loan funds and unused lines of credit 104,686 Total $ 135,689 At December 31, 2016, the Company had firm commitments to sell $3.8 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 depository, the assessment attributable to all public depositories 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 held by other institutions for the nine months ended December 31, 2016 and 2015. 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 future 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.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Quarterly Reports on Form 10-Q and, therefore, do not include all disclosures necessary for a complete presentation of financial condition, results of operations and cash flows in conformity with accounting principles generally accepted in the United States of America ("GAAP"). However, all adjustments that are, in the opinion of management, necessary for a fair presentation of the interim unaudited consolidated financial statements have been included. All such adjustments are of a normal recurring nature. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Riverview Bancorp, Inc. Annual Report on Form 10-K for the year ended March 31, 2016 ("2016 Form 10-K"). The unaudited consolidated results of operations for the nine months ended December 31, 2016 are not necessarily indicative of the results which may be expected for the entire fiscal year ending March 31, 2017. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Certain prior period amounts have been reclassified to conform to the December 31, 2016 presentation; such reclassifications had no effect on net income or total equity previously reported. On September 29, 2016, Riverview Bancorp, Inc. and Riverview Community Bank entered into a Purchase and Assumption Agreement ("Agreement") with Merchants Bancorp and its wholly owned subsidiary, MBank, of Gresham, Oregon under which Riverview Community Bank will purchase certain assets and assume certain liabilities of MBank in a cash transaction. As part of the transaction and as provided by the Agreement, Riverview Bancorp, Inc. will assume the obligations of Merchant Bancorp's trust preferred securities. The transaction is subject to regulatory approval and the satisfaction of customary closing conditions. The transaction is expected to be completed in the quarter ending March 31, 2017. For additional information about the Agreement, see the Riverview Bancorp, Inc.'s Current Report on Form 8-K filed with the Securities and Exchange Commission on September 29, 2016.
PRINCIPLES OF CONSOLIDATION	PRINCIPLES OF CONSOLIDATION The accompanying unaudited consolidated financial statements include the accounts of: Riverview Bancorp, Inc.; its wholly-owned subsidiary, Riverview Community Bank (the "Bank"); and the Bank's wholly-owned subsidiaries, Riverview Services, Inc. and Riverview Trust Company (the "Trust Company") (collectively referred to as the "Company"). On May 24, 2016, Riverview Asset Management Corp. changed its name to Riverview Trust Company. All inter-company transactions and balances have been eliminated in consolidation. During December 2015, the Trust Company repurchased all the remaining shares held by its noncontrolling interest owner. Upon repurchase, these shares were retired. This transaction resulted in the Bank's ownership increasing from 90% to 100%.
NEW ACCOUNTING PRONOUNCEMENTS	NEW ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09"). ASU 2014-09 implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: (1) identify the contract(s) with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract and (5) recognize revenue when (or as) the entity satisfies a performance obligation. ASU 2014-09 is effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2017. The adoption of ASU 2014-09 is not expected to have a significant impact on the Company's future 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"). The main provisions of ASU 2016-01 address the valuation and impairment of certain equity investments along with simplified disclosures about those investments. Equity securities with readily determinable fair values will be treated in the same manner as other financial instruments. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The adoption of ASU 2016-01 is not expected to have a significant impact 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 in 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. ASU 2016-02 will be effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018. Early application of ASU 2016-02 is permitted. The adoption of ASU 2016-02 is not expected to have a significant impact on the Company's future consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, "Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments" ("ASU 2016-13"). ASU 2016-13 replaces the existing incurred losses methodology for estimating allowances with a current expected credit losses methodology. ASU 2016-13 will apply to most financial assets measured at amortized cost and certain other instruments, including trade and other receivables, loans, held to maturity investment securities and off-balance sheet commitments. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company is currently evaluating the impact that the adoption of ASU 2016-13 will have on the Company's future consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, "Intangibles – Goodwill and Other: Simplifying the Test for Goodwill Impairment" ("ASU 2017-04"). ASU 2017-04 simplifies the subsequent measurement of goodwill and eliminated Step 2 from the goodwill impairment test. In computing the implied fair value of goodwill under Step 2, an entity had to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Under ASU 2017-04, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. ASU 2017-04 will be effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early application of ASU 2017-04 is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The adoption of ASU 2017-04 is not expected to have a significant impact on the Company's future consolidated financial statements.

STOCK PLANS AND STOCK-BASED C23

STOCK PLANS AND STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of stock options outstanding	Nine Months Ended December 31, 2016 Nine Months Ended December 31, 2015 Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Balance, beginning of period 223,654 $ 4.73 424,654 $ 8.00 Options exercised (3,000 ) 3.84 (18,000 ) 3.49 Forfeited - - (25,000 ) 9.52 Expired - - (8,000 ) 11.79 Balance, end of period 220,654 $ 4.74 373,654 $ 8.04
Schedule of stock options outstanding, less estimated forfeitures	December 31, 2016 2015 Stock options fully vested and expected to vest: Number 220,654 373,654 Weighted average exercise price $ 4.74 $ 8.04 Aggregate intrinsic value (1) $ 630,000 $ 228,000 Weighted average contractual term of options (years) 3.60 2.83 Stock options fully vested and currently exercisable: Number 220,654 373,654 Weighted average exercise price $ 4.74 $ 8.04 Aggregate intrinsic value (1) $ 630,000 $ 228,000 Weighted average contractual term of options (years) 3.60 2.83 (1)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted	Three Months Ended December 31, Nine Months Ended December 31, 2016 2015 2016 2015 Basic EPS computation: Numerator-net income $ 1,993,000 $ 1,706,000 $ 5,370,000 $ 4,953,000 Denominator-weighted average common shares outstanding 22,490,433 22,455,543 22,477,473 22,446,463 Basic EPS $ 0.09 $ 0.08 $ 0.24 $ 0.22 Diluted EPS computation: Numerator-net income $ 1,993,000 $ 1,706,000 $ 5,370,000 $ 4,953,000 Denominator-weighted average common shares outstanding 22,490,433 22,455,543 22,477,473 22,446,463 Effect of dilutive stock options 73,279 50,798 60,190 45,083 Weighted average common shares and common stock equivalents 22,563,712 22,506,341 22,537,663 22,491,546 Diluted EPS $ 0.09 $ 0.08 $ 0.24 $ 0.22

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost and approximate fair value of investment securities	Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value December 31, 2016 Available for sale: Municipal securities $ 2,951 $ - $ (141 ) $ 2,810 Agency securities 16,992 17 (212 ) 16,797 Real estate mortgage investment conduits (1) 45,505 64 (420 ) 45,149 Residential mortgage-backed securities (1) 102,193 82 (1,312 ) 100,963 Other mortgage-backed securities (2) 42,607 18 (1,073 ) 41,552 Total available for sale $ 210,248 $ 181 $ (3,158 ) $ 207,271 Held to maturity: Mortgage-backed securities (3) $ 67 $ 1 $ - $ 68 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 Residential 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: Residential mortgage-backed securities (3) $ 75 $ 1 $ - $ 76 (1) (2) (3)
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 $ 16,486 $ 16,433 $ - $ - Due after five years through ten years 34,178 33,578 60 61 Due after ten years 159,584 157,260 7 7 Total $ 210,248 $ 207,271 $ 67 $ 68
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 December 31, 2016 Available for sale: Municipal securities $ 2,810 $ (141 ) $ - $ - $ 2,810 $ (141 ) Agency securities 15,774 (212 ) - - 15,774 (212 ) Real estate mortgage investment conduits (1) 33,074 (420 ) - - 33,074 (420 ) Residential mortgage-backed securities (1) 82,188 (1,297 ) 651 (15 ) 82,839 (1,312 ) Other mortgage-backed securities (2) 36,760 (1,029 ) 2,873 (44 ) 39,633 (1,073 ) Total available for sale $ 170,606 $ (3,099 ) $ 3,524 $ (59 ) $ 174,130 $ (3,158 ) (1) (2) 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 ) Residential 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 ) (1) (2) (3)

LOANS RECEIVABLE (Tables)

LOANS RECEIVABLE (Tables)	9 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Schedule of loans and financing receivable	December 31, 2016 March 31, 2016 Commercial and construction Commercial business $ 64,401 $ 69,397 Commercial real estate 397,345 353,749 Land 12,276 12,045 Multi-family 23,161 33,733 Real estate construction 52,707 26,731 Total commercial and construction 549,890 495,655 Consumer Real estate one-to-four family 85,956 88,780 Other installment (1) 28,496 40,384 Total consumer 114,452 129,164 Total loans 664,342 624,819 Less: Allowance for loan losses 10,289 9,885 Loans receivable, net $ 654,053 $ 614,934 (1) Consists primarily of purchased automobile loans totaling $26.4 million and $37.4 million at December 31, 2016 and March 31, 2016, respectively.

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Dec. 31, 2016
Allowance For Loan Losses [Abstract]
Schedule of reconciliation of the allowance for loan losses	Three months ended December 31, 2016 Commercial Business Commercial Real Estate Land Multi- Family Real Estate Construction Consumer Unallocated Total Beginning balance $ 909 $ 4,689 $ 154 $ 613 $ 727 $ 2,290 $ 681 $ 10,063 Provision for (recapture of) loan losses 131 162 (113 ) (284 ) 94 (13 ) 23 - Charge-offs (1 ) - - - - (131 ) - (132 ) Recoveries 205 - 132 - - 21 - 358 Ending balance $ 1,244 $ 4,851 $ 173 $ 329 $ 821 $ 2,167 $ 704 $ 10,289 Nine months ended December 31, 2016 Beginning balance $ 1,048 $ 4,273 $ 325 $ 712 $ 416 $ 2,403 $ 708 $ 9,885 Provision for (recapture of) loan losses (19 ) 576 (472 ) (383 ) 405 (103 ) (4 ) - Charge-offs (1 ) - - - - (246 ) - (247 ) Recoveries 216 2 320 - - 113 - 651 Ending balance $ 1,244 $ 4,851 $ 173 $ 329 $ 821 $ 2,167 $ 704 $ 10,289 Three months ended December 31, 2015 Beginning balance $ 1,360 $ 4,293 $ 490 $ 494 $ 286 $ 2,329 $ 861 $ 10,113 Provision for (recapture of) loan losses 160 (141 ) (134 ) 9 84 175 (153 ) - Charge-offs - - - - - (87 ) - (87 ) Recoveries 6 - 107 - - 34 - 147 Ending balance $ 1,526 $ 4,152 $ 463 $ 503 $ 370 $ 2,451 $ 708 $ 10,173 Nine months ended December 31, 2015 Beginning balance $ 1,263 $ 4,268 $ 539 $ 348 $ 769 $ 2,548 $ 1,027 $ 10,762 Provision for (recapture of) loan losses 239 (116 ) (306 ) 155 (405 ) (48 ) (319 ) (800 ) Charge-offs - - - - - (161 ) - (161 ) Recoveries 24 - 230 - 6 112 - 372 Ending balance $ 1,526 $ 4,152 $ 463 $ 503 $ 370 $ 2,451 $ 708 $ 10,173
Schedule of impaired financing receivables	Allowance for loan losses Recorded investment in loans December 31, 2016 Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Commercial business $ - $ 1,244 $ 1,244 $ 296 $ 64,105 $ 64,401 Commercial real estate - 4,851 4,851 7,784 389,561 397,345 Land - 173 173 801 11,475 12,276 Multi-family - 329 329 1,698 21,463 23,161 Real estate construction - 821 821 - 52,707 52,707 Consumer 102 2,065 2,167 1,487 112,965 114,452 Unallocated - 704 704 - - - Total $ 102 $ 10,187 $ 10,289 $ 12,066 $ 652,276 $ 664,342 March 31, 2016 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
Schedule of analysis of loans by aging category	December 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 $ - $ - $ 189 $ 189 $ 64,212 $ 64,401 Commercial real estate 252 - 1,478 1,730 395,615 397,345 Land - - 801 801 11,475 12,276 Multi-family - - - - 23,161 23,161 Real estate construction - - - - 52,707 52,707 Consumer 649 10 309 968 113,484 114,452 Total $ 901 $ 10 $ 2,777 $ 3,688 $ 660,654 $ 664,342 March 31, 2016 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
Schedule of credit quality indicators	December 31, 2016 Pass Special Mention Substandard Doubtful Loss Total Loans Receivable Commercial business $ 61,558 $ 1,573 $ 1,270 $ - $ - $ 64,401 Commercial real estate 389,486 6,207 1,652 - - 397,345 Land 11,475 - 801 - - 12,276 Multi-family 23,149 - 12 - - 23,161 Real estate construction 52,707 - - - - 52,707 Consumer 114,143 - 309 - - 114,452 Total $ 652,518 $ 7,780 $ 4,044 $ - $ - $ 664,342 March 31, 2016 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
Schedule of total and average recorded investment in impaired loans	December 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 $ 296 $ - $ 296 $ 299 $ - Commercial real estate 7,784 - 7,784 8,869 - Land 801 - 801 807 - Multi-family 1,698 - 1,698 1,827 - Consumer 309 1,178 1,487 1,623 102 Total $ 10,888 $ 1,178 $ 12,066 $ 13,425 $ 102 March 31, 2016 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 Three Months ended December 31, 2016 Three Months ended December 31, 2015 Average Recorded Investment Interest Recognized on Impaired Loans Average Recorded Investment Interest Recognized on Impaired Loans Commercial business $ 298 $ 2 $ 405 $ 2 Commercial real estate 8,607 72 12,617 98 Land 801 - 801 - Multi-family 1,704 23 1,821 24 Consumer 1,492 16 1,778 18 Total $ 12,902 $ 113 $ 17,422 $ 142 Nine Months ended December 31, 2016 Nine Months ended December 31, 2015 Average Recorded Investment Interest Recognized on Impaired Loans Average Recorded Investment Interest Recognized on Impaired Loans Commercial business $ 244 $ 10 $ 630 $ 15 Commercial real estate 9,128 267 13,962 364 Land 801 - 801 - Multi-family 1,715 70 1,869 76 Consumer 1,543 47 2,014 54 Total $ 13,431 $ 394 $ 19,276 $ 509
Schedule of TDRs by interest accrual status	December 31, 2016 March 31, 2016 Accrual Nonaccrual Total Accrual Nonaccrual Total Commercial business $ 107 $ 189 $ 296 $ 192 $ - $ 192 Commercial real estate 6,306 1,478 7,784 8,244 1,289 9,533 Land - 801 801 - 801 801 Multi-family 1,698 - 1,698 1,731 - 1,731 Consumer 1,487 - 1,487 1,678 - 1,678 Total $ 9,598 $ 2,468 $ 12,066 $ 11,845 $ 2,090 $ 13,935

JUNIOR SUBORDINATED DEBENTURES

JUNIOR SUBORDINATED DEBENTURES (Tables)	9 Months Ended
	Dec. 31, 2016
Junior Subordinated Debentures [Abstract]
Schedule of summary of the terms and amounts outstanding of the debentures	Issuance Trust Issuance Date Amount Outstanding Rate Type Initial Rate Current Rate Maturity Date Riverview Bancorp Statutory Trust I 12/2005 $ 7,217 Variable (1) 5.88 % 2.32 % 3/2036 Riverview Bancorp Statutory Trust II 06/2007 15,464 Variable (2) 7.03 % 2.31 % 9/2037 $ 22,681 (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%

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of assets that are measured at estimated fair value on a recurring basis	Estimated fair value measurements using December 31, 2016 Total estimated fair value Level 1 Level 2 Level 3 Investment securities available for sale: Municipal securities $ 2,810 $ - $ 2,810 $ - Agency securities 16,797 - 16,797 - Real estate mortgage investment conduits 45,149 - 45,149 - Residential mortgage-backed securities 100,963 - 100,963 - Other mortgage-backed securities 41,552 - 41,552 - Total assets measured at fair value on a recurring basis $ 207,271 $ - $ 207,271 $ - March 31, 2016 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 - Residential 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
Schedule of reconciliation of assets that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3)	For the Nine Months Ended December 31, 2016 December 31, 2015 Available for sale securities Available for sale securities Beginning balance $ 1,808 $ 1,812 Transfers into Level 3 - - Included in earnings (1) (240 ) - Included in other comprehensive income 111 (25 ) Disposition (1,679 ) - Ending balance $ - $ 1,787 (1)
Schedule of assets that are measured at estimated fair value on a nonrecurring basis	Estimated Fair Value Measurements Using December 31, 2016 Total Estimated Fair Value Level 1 Level 2 Level 3 Impaired loans $ 1,076 $ - $ - $ 1,076 March 31, 2016 Impaired loans $ 1,092 $ - $ - $ 1,092 Real estate owned ("REO") 644 - - 644 Total nonrecurring assets measured at fair value $ 1,736 $ - $ - $ 1,736
Schedule of quantitative information about Level 3 inputs for financial instruments measured at fair value on a nonrecurring basis	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) REO for the nine months ended December 31, 2015.
Schedule of carrying amount and estimated fair value of financial instruments	December 31, 2016 Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value Assets: Cash and cash equivalents $ 28,262 $ 28,262 $ - $ - $ 28,262 Certificates of deposit held for investment 11,291 - 11,362 - 11,362 Loans held for sale 1,679 - 1,679 - 1,679 Investment securities available for sale 207,271 - 207,271 - 207,271 Investment securities held to maturity 67 - 68 - 68 Loans receivable, net 654,053 - - 618,193 618,193 FHLB stock 1,060 - 1,060 - 1,060 Liabilities: Demand and savings deposits 730,131 730,131 - - 730,131 Time deposits 110,260 - 109,365 - 109,365 Junior subordinated debentures 22,681 - - 9,016 9,016 Capital lease obligation 2,459 - 2,459 - 2,459 March 31, 2016 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 obligation 2,475 - 2,475 - 2,475

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of significant off-balance sheet commitments	Contract or Notional Amount Commitments to originate loans: Adjustable-rate $ 24,100 Fixed-rate 5,464 Standby letters of credit 1,439 Undisbursed loan funds and unused lines of credit 104,686 Total $ 135,689

PRINCIPLES OF CONSOLIDATION (De

PRINCIPLES OF CONSOLIDATION (Detail Textuals)	Dec. 31, 2016	Dec. 31, 2015
Principles Of Consolidation [Abstract]
Ownership percentage	100.00%	90.00%

STOCK PLANS AND STOCK-BASED C32

STOCK PLANS AND STOCK-BASED COMPENSATION: Information related to stock options outstanding (Details) - 1998 and 2003 Stock Option Plan - $ / shares	9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Number of Shares
Balance, beginning of period	223,654	424,654
Options exercised	(3,000)	(18,000)
Forfeited		(25,000)
Expired		(8,000)
Balance, end of period	220,654	373,654
Weighted Average Exercise Price
Balance, beginning of period	$ 4.73	$ 8
Options exercised	3.84	3.49
Forfeited		9.52
Expired		11.79
Balance, end of period	$ 4.74	$ 8.04

STOCK PLANS AND STOCK-BASED C33

STOCK PLANS AND STOCK-BASED COMPENSATION: Schedule of Stock Options Outstanding, less estimated forfeitures (Details 1) - 2003 Stock Option Plan ("2003 Plan") - USD ($) $ / shares in Units, $ in Thousands		9 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Stock options fully vested and expected to vest:
Number		220,654	373,654
Weighted average exercise price		$ 4.74	$ 8.04
Aggregate intrinsic value	[1]	$ 630,000	$ 228,000
Weighted average contractual term of options (years)		3 years 7 months 6 days	2 years 9 months 29 days
Stock options fully vested and currently exercisable:
Number		220,654	373,654
Weighted average exercise price		$ 4.74	$ 8.04
Aggregate intrinsic value	[1]	$ 630,000	$ 228,000
Weighted average contractual term of options (years)		3 years 7 months 6 days	2 years 9 months 29 days
[1]	Substantially represents the unpaid principal balance of the Company's loans serviced for the FHLMC. The Company believes that the potential for loss under these arrangements is remote. Accordingly, no related contingent liability has been recorded in the consolidated financial statements.

STOCK PLANS AND STOCK-BASED C34

STOCK PLANS AND STOCK-BASED COMPENSATION (Detail Textuals) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of stock options exercised	$ 5,000	$ 16,000
1998 and 2003 Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Method used	Black-Scholes stock option valuation model

STOCK PLANS AND STOCK-BASED C35

STOCK PLANS AND STOCK-BASED COMPENSATION (Detail Textuals 1)	9 Months Ended
	Dec. 31, 2016
1998 Stock Option Plan ("1998 Plan")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award description	In July 1998, shareholders of the Company approved the adoption of the 1998 Stock Option Plan (“1998 Plan”). The 1998 Plan was effective October 1998 and expired in October 2008.
2003 Stock Option Plan ("2003 Plan")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award description	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.

EARNINGS PER SHARE_ Schedule of

EARNINGS PER SHARE: Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Basic EPS computation:
Numerator-net income	$ 1,993	$ 1,706	$ 5,370	$ 4,953
Denominator-weighted average common shares outstanding	22,490,433	22,455,543	22,477,473	22,446,463
Basic EPS	$ 0.09	$ 0.08	$ 0.24	$ 0.22
Diluted EPS computation:
Numerator-net income	$ 1,993	$ 1,706	$ 5,370	$ 4,953
Denominator-weighted average common shares outstanding	22,490,433	22,455,543	22,477,473	22,446,463
Effect of dilutive stock options	73,279	50,798	60,190	45,083
Weighted average common shares and common stock equivalents	22,563,712	22,506,341	22,537,663	22,491,546
Diluted EPS	$ 0.09	$ 0.08	$ 0.24	$ 0.22

EARNINGS PER SHARE (Detail Text

EARNINGS PER SHARE (Detail Textuals) - shares	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Earnings Per Share [Abstract]
Number of unallocated ESOP shares	24,633	49,266	24,633	49,266
Antidilutive securities excluded from computation of earnings per share, amount	59,000	215,000	59,000	221,000

INVESTMENT SECURITIES_ Investme

INVESTMENT SECURITIES: Investment Securities (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Mar. 31, 2016
Available for sale:
Estimated Fair Value		$ 207,271	$ 150,690
Investments
Available for sale:
Amortized Cost		210,248	149,011
Gross Unrealized Gains		181	1,860
Gross Unrealized Losses		(3,158)	(181)
Estimated Fair Value		207,271	150,690
Trust preferred | Investments
Available for sale:
Amortized Cost			1,919
Gross Unrealized Gains
Gross Unrealized Losses			(111)
Estimated Fair Value			1,808
Municipal securities | Investments
Available for sale:
Amortized Cost		2,951
Gross Unrealized Gains
Gross Unrealized Losses		(141)
Estimated Fair Value		2,810
Agency securities | Investments
Available for sale:
Amortized Cost		16,992	19,520
Gross Unrealized Gains		17	63
Gross Unrealized Losses		(212)	(14)
Estimated Fair Value		16,797	19,569
Real estate mortgage investment conduits | Investments
Available for sale:
Amortized Cost	[1]	45,505	43,293
Gross Unrealized Gains	[1]	64	632
Gross Unrealized Losses	[1]	(420)	(1)
Estimated Fair Value	[1]	45,149	43,924
Residential mortgage-backed securities | Investments
Available for sale:
Amortized Cost	[1]	102,193	75,404
Gross Unrealized Gains	[1]	82	980
Gross Unrealized Losses	[1]	(1,312)	(31)
Estimated Fair Value	[1]	100,963	76,353
Held to maturity:
Amortized Cost	[2]		75
Gross Unrealized Gains	[2]		1
Gross Unrealized Losses
Estimated Fair Value	[2]		76
Other mortgage-backed securities | Investments
Available for sale:
Amortized Cost	[3]	42,607	8,875
Gross Unrealized Gains	[3]	18	185
Gross Unrealized Losses	[3]	(1,073)	(24)
Estimated Fair Value	[3]	41,552	$ 9,036
Mortgage-backed | Investments
Held to maturity:
Amortized Cost	[2]	67
Gross Unrealized Gains	[2]	1
Gross Unrealized Losses	[2]
Estimated Fair Value	[2]	$ 68
[1]	Comprised of Federal Home Loan Mortgage Corporation ("FHLMC"), Federal National Mortgage Association ("FNMA") and Ginnie Mae ("GNMA") issued securities
[2]	Comprised of FNMA and FHLMC issued securities.
[3]	Comprised of U.S. Small Business Administration ("SBA") issued securities and commercial real estate ("CRE") secured securities issued by FNMA.

INVESTMENT SECURITIES_ Invest39

INVESTMENT SECURITIES: Investments Classified by Contractual Maturity Date (Details 1) $ in Thousands	Dec. 31, 2016USD ($)
Available for sale:
Due after one year through five years, Amortized Cost	$ 16,486
Due after one year through five years, Estimated Fair Value	16,433
Due after five years through ten years, Amortized Cost	34,178
Due after five years through ten years, Estimated Fair Value	33,578
Due after ten years, Amortized Cost	159,584
Due after ten years, Estimated Fair Value	157,260
Total, Amortized Cost	210,248
Total, Estimated Fair Value	207,271
Held to maturity:
Due after one year through five years, Amortized Cost
Due after one year through five years, Estimated Fair Value
Due after five years through ten years, Amortized Cost	60
Due after five years through ten years, Estimated Fair Value	61
Due after ten years, Amortized Cost	7
Due after ten years, Estimated Fair Value	7
Total, Amortized Cost	67
Total, Estimated Fair Value	$ 68

INVESTMENT SECURITIES_ Schedule

INVESTMENT SECURITIES: Schedule of Temporarily Impaired Securities, Fair Value and Unrealized losses (Details 2) - Investments - USD ($) $ in Thousands	Dec. 31, 2016		Mar. 31, 2016
Municipal securities
Available for sale:
Less than 12 months, Estimated Fair Value	$ 2,810
Less than 12 months, Unrealized Losses	(141)
12 months or longer, Estimated Fair Value
12 months or longer, Unrealized Losses
Total, Estimated Fair Value	2,810
Total, Unrealized Losses	(141)
Trust preferred
Available for sale:
Less than 12 months, Estimated Fair Value
Less than 12 months, Unrealized Losses
12 months or longer, Estimated Fair Value			1,808
12 months or longer, Unrealized Losses			(111)
Total, Estimated Fair Value			1,808
Total, Unrealized Losses			(111)
Agency securities
Available for sale:
Less than 12 months, Estimated Fair Value	15,774		5,508
Less than 12 months, Unrealized Losses	(212)		(6)
12 months or longer, Estimated Fair Value			4,991
12 months or longer, Unrealized Losses			(8)
Total, Estimated Fair Value	15,774		10,499
Total, Unrealized Losses	(212)		(14)
Real estate mortgage investment conduits
Available for sale:
Less than 12 months, Estimated Fair Value	33,074	[1]	1,636	[2]
Less than 12 months, Unrealized Losses	(420)	[1]	(1)	[2]
12 months or longer, Estimated Fair Value		[1]		[2]
12 months or longer, Unrealized Losses		[1]		[2]
Total, Estimated Fair Value	33,074	[1]	1,636	[2]
Total, Unrealized Losses	(420)	[1]	(1)	[2]
Residential mortgage-backed securities
Available for sale:
Less than 12 months, Estimated Fair Value	82,188	[1]	831	[3]
Less than 12 months, Unrealized Losses	(1,297)	[1]	(10)	[3]
12 months or longer, Estimated Fair Value	651	[1]	3,051	[3]
12 months or longer, Unrealized Losses	(15)	[1]	(21)	[3]
Total, Estimated Fair Value	82,839	[1]	3,882	[3]
Total, Unrealized Losses	(1,312)	[1]	(31)	[3]
Other mortgage-backed securities
Available for sale:
Less than 12 months, Estimated Fair Value	36,760	[4]	1,891	[5]
Less than 12 months, Unrealized Losses	(1,029)	[4]	(6)	[5]
12 months or longer, Estimated Fair Value	2,873	[4]	1,229	[5]
12 months or longer, Unrealized Losses	(44)	[4]	(18)	[5]
Total, Estimated Fair Value	39,633	[4]	3,120	[5]
Total, Unrealized Losses	(1,073)	[4]	(24)	[5]
Investment
Available for sale:
Less than 12 months, Estimated Fair Value	170,606		9,866
Less than 12 months, Unrealized Losses	(3,099)		(23)
12 months or longer, Estimated Fair Value	3,524		11,079
12 months or longer, Unrealized Losses	(59)		(158)
Total, Estimated Fair Value	174,130		20,945
Total, Unrealized Losses	$ (3,158)		$ (181)
[1]	Comprised of FHLMC, FNMA and GNMA issued securities.
[2]	Comprised of a FHLMC security.
[3]	Comprised of FHLMC and FNMA issued securities.
[4]	Comprised of SBA and CRE issued securities.
[5]	Comprised of SBA issued securities.

INVESTMENT SECURITIES (Detail T

INVESTMENT SECURITIES (Detail Textuals) - USD ($)	3 Months Ended	9 Months Ended
	Dec. 31, 2016	Dec. 31, 2016	Mar. 31, 2016
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Other than temporary impairment losses, investments, portion recognized in earnings, net	$ 108,000	$ 240,000
Investment securities gross realized gains from sales	0	0
Available-for-sale Securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Pledged as collateral at amortized cost	11,600,000	11,600,000	$ 10,200,000
Pledged as collateral at fair value	11,500,000	11,500,000	10,300,000
Held-to-maturity Securities
Schedule Of Available For Sale Securities And Held To Maturity Securities [Line Items]
Pledged as collateral at amortized cost	20,000	20,000	23,000
Pledged as collateral at fair value	$ 21,000	$ 21,000	$ 24,000

LOANS RECEIVABLE_ Schedule of A

LOANS RECEIVABLE: Schedule of Accounts, Notes, Loans and Financing Receivable (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Mar. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		$ 664,342	$ 624,819
Less: Allowance for loan losses		10,289	9,885
Loans receivable, net		654,053	614,934
Commercial Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		64,401	69,397
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		397,345	353,749
Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		12,276	12,045
Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		23,161	33,733
Real estate construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		52,707	26,731
Commercial and construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		549,890	495,655
Real estate one-to-four family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		85,956	88,780
Other installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	[1]	28,496	40,384
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		$ 114,452	$ 129,164
[1]	Consists primarily of purchased automobile loans totaling $26.4 million and $37.4 million at December 31, 2016 and March 31, 2016, respectively.

LOANS RECEIVABLE (Detail Textua

LOANS RECEIVABLE (Detail Textuals) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans pledged as collateral	$ 444,500
Net deferred loan fees	3,100	$ 2,700
Financing receivable gross	664,342	624,819
Automobile loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable gross	$ 26,400	$ 37,400

ALLOWANCE FOR LOAN LOSSES_ Sche

ALLOWANCE FOR LOAN LOSSES: Schedule of reconciliation of the allowance for loan losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 10,063	$ 10,113	$ 9,885	$ 10,762
Provision for (recapture of) loan losses				(800)
Charge-offs	(132)	(87)	(247)	(161)
Recoveries	358	147	651	372
Ending balance	10,289	10,173	10,289	10,173
Commercial Business
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	909	1,360	1,048	1,263
Provision for (recapture of) loan losses	131	160	(19)	239
Charge-offs	(1)		(1)
Recoveries	205	6	216	24
Ending balance	1,244	1,526	1,244	1,526
Commercial real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	4,689	4,293	4,273	4,268
Provision for (recapture of) loan losses	162	(141)	576	(116)
Charge-offs
Recoveries			2
Ending balance	4,851	4,152	4,851	4,152
Land
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	154	490	325	539
Provision for (recapture of) loan losses	(113)	(134)	(472)	(306)
Charge-offs
Recoveries	132	107	320	230
Ending balance	173	463	173	463
Multi-family
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	613	494	712	348
Provision for (recapture of) loan losses	(284)	9	(383)	155
Charge-offs
Recoveries
Ending balance	329	503	329	503
Real estate construction
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	727	286	416	769
Provision for (recapture of) loan losses	94	84	405	(405)
Charge-offs
Recoveries				6
Ending balance	821	370	821	370
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	2,290	2,329	2,403	2,548
Provision for (recapture of) loan losses	(13)	175	(103)	(48)
Charge-offs	(131)	(87)	(246)	(161)
Recoveries	21	34	113	112
Ending balance	2,167	2,451	2,167	2,451
Unallocated
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	681	861	708	1,027
Provision for (recapture of) loan losses	23	(153)	(4)	(319)
Charge-offs
Recoveries
Ending balance	$ 704	$ 708	$ 704	$ 708

ALLOWANCE FOR LOAN LOSSES_ Sc45

ALLOWANCE FOR LOAN LOSSES: Schedule of Impaired Financing Receivables (Details 1) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Allowance for loan losses
Individually Evaluated for Impairment	$ 102	$ 110
Collectively Evaluated for Impairment	10,187	9,775
Total	10,289	9,885
Recorded investment in loans
Individually Evaluated for Impairment	12,066	14,204
Collectively Evaluated for Impairment	652,276	610,615
Total	664,342	624,819
Commercial Business
Allowance for loan losses
Individually Evaluated for Impairment
Collectively Evaluated for Impairment	1,244	1,048
Total	1,244	1,048
Recorded investment in loans
Individually Evaluated for Impairment	296	192
Collectively Evaluated for Impairment	64,105	69,205
Total	64,401	69,397
Commercial real estate
Allowance for loan losses
Individually Evaluated for Impairment
Collectively Evaluated for Impairment	4,851	4,273
Total	4,851	4,273
Recorded investment in loans
Individually Evaluated for Impairment	7,784	9,802
Collectively Evaluated for Impairment	389,561	343,947
Total	397,345	353,749
Land
Allowance for loan losses
Individually Evaluated for Impairment
Collectively Evaluated for Impairment	173	325
Total	173	325
Recorded investment in loans
Individually Evaluated for Impairment	801	801
Collectively Evaluated for Impairment	11,475	11,244
Total	12,276	12,045
Multi-family
Allowance for loan losses
Individually Evaluated for Impairment
Collectively Evaluated for Impairment	329	712
Total	329	712
Recorded investment in loans
Individually Evaluated for Impairment	1,698	1,731
Collectively Evaluated for Impairment	21,463	32,002
Total	23,161	33,733
Real estate construction
Allowance for loan losses
Individually Evaluated for Impairment
Collectively Evaluated for Impairment	821	416
Total	821	416
Recorded investment in loans
Individually Evaluated for Impairment
Collectively Evaluated for Impairment	52,707	26,731
Total	52,707	26,731
Consumer
Allowance for loan losses
Individually Evaluated for Impairment	102	110
Collectively Evaluated for Impairment	2,065	2,293
Total	2,167	2,403
Recorded investment in loans
Individually Evaluated for Impairment	1,487	1,678
Collectively Evaluated for Impairment	112,965	127,486
Total	114,452	129,164
Unallocated
Allowance for loan losses
Individually Evaluated for Impairment
Collectively Evaluated for Impairment	704	708
Total	704	708
Recorded investment in loans
Individually Evaluated for Impairment
Collectively Evaluated for Impairment
Total

ALLOWANCE FOR LOAN LOSSES_ Fina

ALLOWANCE FOR LOAN LOSSES: Financing Receivables, Aging of Loans (Details 2) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual	$ 2,777	$ 2,694
Total Past Due and Non-accrual	3,688	3,325
Current	660,654	621,494
Total Loans Receivable	664,342	624,819
30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	901	611
90 Days and Greater Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	10	20
Commercial Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual	189
Total Past Due and Non-accrual	189
Current	64,212	69,397
Total Loans Receivable	64,401	69,397
Commercial Business | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due
Commercial Business | 90 Days and Greater Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual	1,478	1,559
Total Past Due and Non-accrual	1,730	1,559
Current	395,615	352,190
Total Loans Receivable	397,345	353,749
Commercial real estate | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	252
Commercial real estate | 90 Days and Greater Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due
Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual	801	801
Total Past Due and Non-accrual	801	801
Current	11,475	11,244
Total Loans Receivable	12,276	12,045
Land | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due
Land | 90 Days and Greater Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due
Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual
Total Past Due and Non-accrual
Current	23,161	33,733
Total Loans Receivable	23,161	33,733
Multi-family | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due
Multi-family | 90 Days and Greater Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due
Real estate construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual
Total Past Due and Non-accrual
Current	52,707	26,731
Total Loans Receivable	52,707	26,731
Real estate construction | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due
Real estate construction | 90 Days and Greater Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual	309	334
Total Past Due and Non-accrual	968	965
Current	113,484	128,199
Total Loans Receivable	114,452	129,164
Consumer | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	649	611
Consumer | 90 Days and Greater Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	$ 10	$ 20

ALLOWANCE FOR LOAN LOSSES_ Sc47

ALLOWANCE FOR LOAN LOSSES: Schedule of Credit Quality Indicators (Details 3) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	$ 664,342	$ 624,819
Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	652,518	610,569
Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	7,780	9,956
Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	4,044	4,294
Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Commercial Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	64,401	69,397
Commercial Business | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	61,558	68,221
Commercial Business | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	1,573	813
Commercial Business | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	1,270	363
Commercial Business | Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Commercial Business | Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	397,345	353,749
Commercial real estate | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	389,486	343,306
Commercial real estate | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	6,207	7,659
Commercial real estate | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	1,652	2,784
Commercial real estate | Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Commercial real estate | Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	12,276	12,045
Land | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	11,475	9,760
Land | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable		1,484
Land | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	801	801
Land | Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Land | Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	23,161	33,733
Multi-family | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	23,149	33,721
Multi-family | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Multi-family | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	12	12
Multi-family | Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Multi-family | Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Real estate construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	52,707	26,731
Real estate construction | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	52,707	26,731
Real estate construction | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Real estate construction | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Real estate construction | Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Real estate construction | Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	114,452	129,164
Consumer | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	114,143	128,830
Consumer | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Consumer | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	309	334
Consumer | Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable
Consumer | Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable

ALLOWANCE FOR LOAN LOSSES_ Impa

ALLOWANCE FOR LOAN LOSSES: Impaired Financing Receivables (Details 4) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with No Specific Valuation Allowance	$ 10,888	$ 13,003
Recorded Investment with Specific Valuation Allowance	1,178	1,201
Total Recorded Investment	12,066	14,204
Unpaid Principal Balance	13,425	15,473
Related Specific Valuation Allowance	102	110
Commercial Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with No Specific Valuation Allowance	296	192
Recorded Investment with Specific Valuation Allowance
Total Recorded Investment	296	192
Unpaid Principal Balance	299	192
Related Specific Valuation Allowance
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with No Specific Valuation Allowance	7,784	9,802
Recorded Investment with Specific Valuation Allowance
Total Recorded Investment	7,784	9,802
Unpaid Principal Balance	8,869	10,758
Related Specific Valuation Allowance
Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with No Specific Valuation Allowance	801	801
Recorded Investment with Specific Valuation Allowance
Total Recorded Investment	801	801
Unpaid Principal Balance	807	807
Related Specific Valuation Allowance
Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with No Specific Valuation Allowance	1,698	1,731
Recorded Investment with Specific Valuation Allowance
Total Recorded Investment	1,698	1,731
Unpaid Principal Balance	1,827	1,871
Related Specific Valuation Allowance
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with No Specific Valuation Allowance	309	477
Recorded Investment with Specific Valuation Allowance	1,178	1,201
Total Recorded Investment	1,487	1,678
Unpaid Principal Balance	1,623	1,845
Related Specific Valuation Allowance	$ 102	$ 110

ALLOWANCE FOR LOAN LOSSES_ Sc49

ALLOWANCE FOR LOAN LOSSES: Schedule of Impaired Loans, Average Recorded Investment and Interest Recognized (Details 5) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	$ 12,902	$ 17,422	$ 13,431	$ 19,276
Interest Recognized on Impaired Loans	113	142	394	509
Commercial Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	298	405	244	630
Interest Recognized on Impaired Loans	2	2	10	15
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	8,607	12,617	9,128	13,962
Interest Recognized on Impaired Loans	72	98	267	364
Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	801	801	801	801
Interest Recognized on Impaired Loans
Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	1,704	1,821	1,715	1,869
Interest Recognized on Impaired Loans	23	24	70	76
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	1,492	1,778	1,543	2,014
Interest Recognized on Impaired Loans	$ 16	$ 18	$ 47	$ 54

ALLOWANCE FOR LOAN LOSSES_ Sc50

ALLOWANCE FOR LOAN LOSSES: Schedule of TDRs by Interest Accrual Status (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual	$ 9,598	$ 11,845
Nonaccrual	2,468	2,090
Total	12,066	13,935
Commercial Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual	107	192
Nonaccrual	189
Total	296	192
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual	6,306	8,244
Nonaccrual	1,478	1,289
Total	7,784	9,533
Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual
Nonaccrual	801	801
Total	801	801
Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual	1,698	1,731
Nonaccrual
Total	1,698	1,731
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual	1,487	1,678
Nonaccrual
Total	$ 1,487	$ 1,678

ALLOWANCE FOR LOAN LOSSES (Deta

ALLOWANCE FOR LOAN LOSSES (Detail Textuals)	9 Months Ended
	Dec. 31, 2016USD ($)TDR	Dec. 31, 2015USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Impaired, Description	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 TDR.
Financing Receivable, Modifications, Nature and Extent of Transaction	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.
Percentage Of Delinquent Loan Amount	75.00%
Interest income foregone on non-accrual loans	$ 56,000	$ 92,000
Commercial Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
post-modification outstanding recorded investment amount	107,000
Pre-modification outstanding recorded investment amount	116,000
Commercial Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
TDR loan default	$ 189,000
Number of TDR loans default | TDR	1
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
TDR loan default	$ 1,500,000
Number of TDR loans default | TDR	2

JUNIOR SUBORDINATED DEBENTURES_

JUNIOR SUBORDINATED DEBENTURES: Schedule of terms of the current Debentures (Details) $ in Thousands	9 Months Ended
	Dec. 31, 2016USD ($)
Riverview Bancorp Statutory Trust I
Debt Instrument [Line Items]
Issuance Date	12/2005
Amount Outstanding	$ 7,217
Rate Type	Variable	[1]
Initial Rate	5.88%
Current Rate	2.32%
Maturity Date	3/2036
Riverview Bancorp Statutory Trust II
Debt Instrument [Line Items]
Issuance Date	06/2007
Amount Outstanding	$ 15,464
Rate Type	Variable	[2]
Initial Rate	7.03%
Current Rate	2.31%
Maturity Date	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%

JUNIOR SUBORDINATED DEBENTURE53

JUNIOR SUBORDINATED DEBENTURES (Detail Textuals) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2016	Mar. 31, 2016
Debt Instrument [Line Items]
Debentures issued to grantor trusts	$ 22,700
Common securities issued by grantor trusts	$ 681	$ 681
Riverview Bancorp Statutory Trust I
Debt Instrument [Line Items]
Interest basis spread on variable rate	1.36%
Description of variable rate	three-month LIBOR
Riverview Bancorp Statutory Trust II
Debt Instrument [Line Items]
Interest basis spread on variable rate	1.35%
Description of variable rate	three-month LIBOR

FAIR VALUE MEASUREMENTS_ Schedu

FAIR VALUE MEASUREMENTS: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	$ 207,271	$ 150,690
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	2,810
Trust preferred
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis		1,808
Agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	16,797	19,569
Real estate mortgage investment conduits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	45,149	43,924
Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	100,963	76,353
Other mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	41,552	9,036
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	207,271	148,882
Level 2 | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	2,810
Level 2 | Agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	16,797	19,569
Level 2 | Real estate mortgage investment conduits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	45,149	43,924
Level 2 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	100,963	76,353
Level 2 | Other mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	$ 41,552	9,036
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis		1,808
Level 3 | Trust preferred
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis		$ 1,808

FAIR VALUE MEASUREMENTS_ Fair V

FAIR VALUE MEASUREMENTS: Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details 1) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2016		Dec. 31, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 1,808		$ 1,812
Transfers into Level 3
Included in earnings	(240)	[1]
Included in other comprehensive income	111		(25)
Disposition	$ (1,679)
Ending balance			$ 1,787
[1]	Included in other non-interest income

FAIR VALUE MEASUREMENTS_ Sche56

FAIR VALUE MEASUREMENTS: Schedule of Assets measured at fair value on a non-recurring basis (Details 2) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total nonrecurring assets measured at fair value		$ 1,736
Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total nonrecurring assets measured at fair value	$ 1,076	1,092
Real estate owned ("REO")
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total nonrecurring assets measured at fair value		644
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total nonrecurring assets measured at fair value		1,736
Level 3 | Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total nonrecurring assets measured at fair value	$ 1,076	1,092
Level 3 | Real estate owned ("REO")
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total nonrecurring assets measured at fair value		$ 644

FAIR VALUE MEASUREMENTS_ Fair57

FAIR VALUE MEASUREMENTS: Fair Value Measurements, Nonrecurring, Valuation Techniques (Details 3)		9 Months Ended	12 Months Ended
		Dec. 31, 2016	Mar. 31, 2016
Impairment loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements, Valuation Techniques		Appraised value	Appraised value
Significant unobservable inputs		Adjustment for market conditions	Adjustment for market conditions
Market adjustment to appraisals	[1]	0.00%	0.00%
Real estate owned ("REO")
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements, Valuation Techniques		Appraised value	Appraised value
Significant unobservable inputs		Adjustment for market conditions	Adjustment for market conditions
Market adjustment to appraisals	[1]	0.00%	0.00%
[1]	There were no adjustments to appraised values of impaired loans for the nine months ended December 31, 2016. There were no adjustments to appraised values of impaired loans or REO for the nine months ended December 31, 2015.

FAIR VALUE MEASUREMENTS_ Fair58

FAIR VALUE MEASUREMENTS: Fair Value, Option, Quantitative Disclosures (Details 4) - USD ($) $ in Thousands	Dec. 31, 2016	Mar. 31, 2016
Estimated Fair Value | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	$ 28,262	$ 55,400
Estimated Fair Value | Certificates of deposit held for investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	11,362	16,959
Estimated Fair Value | Loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	1,679	503
Estimated Fair Value | Investment securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	207,271	150,690
Estimated Fair Value | Investment securities held to maturity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	68	76
Estimated Fair Value | Loans receivable, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	618,193	571,068
Estimated Fair Value | FHLB stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	1,060	1,060
Estimated Fair Value | Demand and savings deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Liabilities	730,131	660,421
Estimated Fair Value | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Liabilities	109,365	119,143
Estimated Fair Value | Junior subordinated debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Liabilities	9,016	7,705
Estimated Fair Value | Capital lease obligation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Liabilities	2,459	2,475
Carrying Amount | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	28,262	55,400
Carrying Amount | Certificates of deposit held for investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	11,291	16,769
Carrying Amount | Loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	1,679	503
Carrying Amount | Investment securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	207,271	150,690
Carrying Amount | Investment securities held to maturity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	67	75
Carrying Amount | Loans receivable, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	654,053	614,934
Carrying Amount | FHLB stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	1,060	1,060
Carrying Amount | Demand and savings deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Liabilities	730,131	660,421
Carrying Amount | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Liabilities	110,260	119,382
Carrying Amount | Junior subordinated debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Liabilities	22,681	22,681
Carrying Amount | Capital lease obligation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Liabilities	2,459	2,475
Level 1 | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	28,262	55,400
Level 1 | Demand and savings deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Liabilities	730,131	660,421
Level 2 | Certificates of deposit held for investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	11,362	16,959
Level 2 | Loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	1,679	503
Level 2 | Investment securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	207,271	148,882
Level 2 | Investment securities held to maturity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	68	76
Level 2 | FHLB stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	1,060	1,060
Level 2 | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Liabilities	109,365	119,143
Level 2 | Capital lease obligation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Liabilities	2,459	2,475
Level 3 | Investment securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets		1,808
Level 3 | Loans receivable, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Assets	618,193	571,068
Level 3 | Junior subordinated debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of Liabilities	$ 9,016	$ 7,705

COMMITMENTS AND CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES: Schedule of significant off-balance sheet commitments (Details) $ in Thousands	Dec. 31, 2016USD ($)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Contract or Notional Amount	$ 135,689
Commitments to originate loans: | Adjustable-rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Contract or Notional Amount	24,100
Commitments to originate loans: | Fixed-rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Contract or Notional Amount	5,464
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Contract or Notional Amount	1,439
Undisbursed loan funds and unused lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Contract or Notional Amount	$ 104,686

COMMITMENTS AND CONTINGENCIES60

COMMITMENTS AND CONTINGENCIES (Detail Textuals) $ in Millions	9 Months Ended
	Dec. 31, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
Commitments to sell	$ 3.8	[1]
Loans under warranty	$ 115.6	[2]
[1]	Commitments to sell residential loans to the FHLMC. Typically, these agreements are short-term fixed-rate commitments and no material gain or loss is likely.
[2]	Substantially represents the unpaid principal balance of the Company's loans serviced for the FHLMC. The Company believes that the potential for loss under these arrangements is remote. Accordingly, no related contingent liability has been recorded in the consolidated financial statements.