Riverview Bancorp (RVSB) 10-Q 8 Feb 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 31, 2018	Feb. 08, 2019
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		22,607,712
Document Type	10-Q
Document Period End Date	Dec. 31, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q3
Entity Small Business	true
Entity Emerging Growth Company	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2018	Mar. 31, 2018
ASSETS
Cash and cash equivalents (including interest-earning accounts of $4,641 and $30,052)		$ 23,394	$ 44,767
Certificates of deposit held for investment		747	5,967
Loans held for sale			210
Investment securities:
Available for sale, at estimated fair value		182,280	213,221
Held to maturity, at amortized cost (estimated fair value of $37 and $43)		36	42
Loans receivable (net of allowance for loan losses of $11,502 and $10,766)		857,134	800,610
Real estate owned ("REO")			298
Prepaid expenses and other assets		4,021	3,870
Accrued interest receivable		3,789	3,477
Federal Home Loan Bank ("FHLB") stock, at cost		2,735	1,353
Premises and equipment, net		14,940	15,783
Deferred income taxes, net		4,680	4,813
Mortgage servicing rights, net		325	388
Goodwill		27,076	27,076
Core deposit intangible ("CDI"), net		966	1,103
Bank owned life insurance ("BOLI")		29,102	28,557
TOTAL ASSETS		1,151,225	1,151,535
LIABILITIES:
Deposits		943,578	995,691
Accrued expenses and other liabilities		15,855	9,391
Advanced payments by borrowers for taxes and insurance		192	637
FHLB advances	[1]	34,543
Junior subordinated debentures		26,553	26,484
Capital lease obligation		2,410	2,431
Total liabilities		1,023,131	1,034,634
COMMITMENTS AND CONTINGENCIES (See Note 15)
SHAREHOLDERS' EQUITY:
Serial preferred stock, $.01 par value; 250,000 authorized; issued and outstanding: none
Common stock, $.01 par value; 50,000,000 authorized December 31, 2018 - 22,598,712 issued and outstanding March 31, 2018 - 22,570,179 issued and outstanding		226	226
Additional paid-in capital		65,056	64,871
Retained earnings		67,126	56,552
Accumulated other comprehensive loss		(4,314)	(4,748)
Total shareholders' equity		128,094	116,901
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		$ 1,151,225	$ 1,151,535
[1]	Consisted of overnight borrowings.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2018	Mar. 31, 2018
Statement of Financial Position [Abstract]
Interest-earning accounts included in cash (in dollars)	$ 4,641	$ 30,052
Fair value of mortgage-backed securities held to maturity (in dollars)	37	43
Allowance for loan losses (in dollars)	$ 11,502	$ 10,766
Serial preferred stock, par value (in dollars 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 (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	22,598,712	22,570,179
Common stock, shares outstanding	22,598,712	22,570,179

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
INTEREST AND DIVIDEND INCOME:
Interest and fees on loans receivable		$ 11,129	$ 9,978	$ 32,849	$ 29,761
Interest on investment securities - taxable		1,110	1,201	3,424	3,413
Interest on investment securities - nontaxable		37	31	110	59
Other interest and dividends		60	168	271	483
Total interest and dividend income		12,336	11,378	36,654	33,716
INTEREST EXPENSE:
Interest on deposits		240	298	759	933
Interest on borrowings		416	284	1,126	829
Total interest expense		656	582	1,885	1,762
Net interest income		11,680	10,796	34,769	31,954
Provision for loan losses				50
Net interest income after provision for loan losses		11,680	10,796	34,719	31,954
NON-INTEREST INCOME:
Net gains on sales of loans held for sale	[1]	82	140	278	522
BOLI	[1]	192	207	545	618
Other, net		62	181	267	271
Total non-interest income, net		2,782	2,890	8,850	8,341
NON-INTEREST EXPENSE:
Salaries and employee benefits		5,794	5,383	16,655	16,056
Occupancy and depreciation		1,306	1,347	4,016	4,105
Data processing		621	534	1,874	1,730
Amortization of CDI		45	58	137	174
Advertising and marketing		151	137	609	627
FDIC insurance premium		85	108	246	389
State and local taxes		125	96	475	427
Telecommunications		85	102	266	309
Professional fees		449	250	1,120	926
Other		142	543	1,339	1,748
Total non-interest expense		8,803	8,558	26,737	26,491
INCOME BEFORE INCOME TAXES		5,659	5,128	16,832	13,804
PROVISION FOR INCOME TAXES		1,271	3,608	3,773	6,571
NET INCOME		$ 4,388	$ 1,520	$ 13,059	$ 7,233
Earnings per common share:
Basic (in dollars per share)		$ 0.19	$ 0.07	$ 0.58	$ 0.32
Diluted EPS (in dollars per share)		$ 0.19	$ 0.07	$ 0.58	$ 0.32
Weighted average number of common shares outstanding:
Basic (in shares)		22,598,712	22,537,092	22,582,956	22,520,352
Diluted (in shares)		22,663,919	22,622,129	22,658,153	22,608,603
Fees and service charges
NON-INTEREST INCOME:
Non-interest income		$ 1,511	$ 1,451	$ 4,956	$ 4,348
Asset management fees
NON-INTEREST INCOME:
Non-interest income		$ 935	$ 911	$ 2,804	$ 2,582
[1]	Not in the scope of ASC 606

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Statements of Comprehensive Income
Net income	$ 4,388	$ 1,520	$ 13,059	$ 7,233
Other comprehensive income (loss):
Net unrealized holding gain (loss) from available for sale investment securities arising during the period, net of tax of ($673), $496, ($134) and $174, respectively	2,188	(900)	434	(317)
Total comprehensive income, net	$ 6,576	$ 620	$ 13,493	$ 6,916

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Statements of Comprehensive Income
Tax effect of unrealized holding gain (loss) from available for sale securities	$ (673)	$ 496	$ (134)	$ 174

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained Earnings	Unearned Shares Issued to Employee Stock Ownership Plan ("ESOP")	Accumulated Other Comprehensive Loss	Total
Balance at Mar. 31, 2017	$ 225	$ 64,468	$ 48,335	$ (77)	$ (1,687)	$ 111,264
Balance (in shares) at Mar. 31, 2017	22,510,890
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			7,233			7,233
Cash dividend on common stock ($0.075 and $0.110 per share for December 31, 2017 and 2018 respectively)			(1,690)			(1,690)
Exercise of stock options	$ 1	164				$ 165
Exercise of stock options (in shares)	41,022					41,022
Earned ESOP shares		71		$ 77		$ 148
Other comprehensive income (loss), net					(317)	(317)
Balance at Dec. 31, 2017	$ 226	64,703	53,878		(2,004)	116,803
Balance (in shares) at Dec. 31, 2017	22,551,912
Balance at Mar. 31, 2018	$ 226	64,871	56,552		(4,748)	116,901
Balance (in shares) at Mar. 31, 2018	22,570,179
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			13,059			13,059
Cash dividend on common stock ($0.075 and $0.110 per share for December 31, 2017 and 2018 respectively)			(2,485)			(2,485)
Exercise of stock options		151				$ 151
Exercise of stock options (in shares)	28,533					28,533
Stock-based compensation expense		34				$ 34
Other comprehensive income (loss), net					434	434
Balance at Dec. 31, 2018	$ 226	$ 65,056	$ 67,126		$ (4,314)	$ 128,094
Balance (in shares) at Dec. 31, 2018	22,598,712

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) (Parentheticals) - $ / shares	9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement of Stockholders' Equity [Abstract]
Dividend per share (in dollars per share)	$ 0.110	$ 0.075

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands		9 Months Ended
		Dec. 31, 2018	Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		$ 13,059	$ 7,233
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		2,045	2,207
Purchased loans accretion, net		(47)	(209)
Provision for loan losses		50
Provision for deferred income taxes			3,796
Expense related to ESOP			148
Stock-based compensation expense		34
Increase in deferred loan origination fees, net of amortization		599	238
Origination of loans held for sale		(8,944)	(16,631)
Proceeds from sales of loans held for sale		9,303	17,120
Net gains on loans held for sale and sale of REO		(644)	(603)
Income from BOLI	[1]	(545)	(618)
Changes in certain other assets and liabilities:
Prepaid expenses and other assets		(261)	(1,151)
Accrued interest receivable		(312)	(523)
Accrued expenses and other liabilities		6,326	(4,070)
Net cash provided by operating activities		20,663	6,937
CASH FLOWS FROM INVESTING ACTIVITIES:
Loan repayments (originations), net		(36,726)	14,662
Purchases of loans receivable		(20,318)	(32,198)
Principal repayments on investment securities available for sale		20,591	21,236
Purchases of investment securities available for sale			(47,493)
Proceeds from calls and maturities of investment securities available for sale		10,000
Principal repayments on investment securities held to maturity		6	20
Redemption of certificates of deposit held for investment		5,220	4,079
Purchase of FHLB stock		(1,382)	(42)
Purchases of premises and equipment and capitalized software		(304)	(364)
Proceeds from sales of REO and premises and equipment		975	81
Net cash used in investing activities		(21,938)	(40,019)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in deposits		(52,067)	(7,729)
Dividends paid		(2,259)	(1,462)
Proceeds from borrowings		166,255	19,675
Repayment of borrowings		(131,712)	(18,625)
Net decrease in advance payments by borrowers for taxes and insurance		(445)	(433)
Principal payments on capital lease obligation		(21)	(17)
Proceeds from exercise of stock options		151	165
Net cash used in financing activities		(20,098)	(8,426)
NET DECREASE IN CASH AND CASH EQUIVALENTS		(21,373)	(41,508)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		44,767	64,613
CASH AND CASH EQUIVALENTS, END OF PERIOD		23,394	23,105
Cash paid during the period for:
Interest		1,811	1,640
Income taxes		5,063	3,279
NONCASH INVESTING AND FINANCING ACTIVITIES:
Dividends declared and accrued in other liabilities		904	678
Other comprehensive income (loss)		568	(491)
Income tax effect related to other comprehensive income (loss)		$ (134)	$ 174
[1]	Not in the scope of ASC 606

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Dec. 31, 2018
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 accompanying 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, 2018 ("2018 Form 10-K"). The unaudited consolidated results of operations for the nine months ended December 31, 2018 are not necessarily indicative of the results which may be expected for the entire fiscal year ending March 31, 2019. 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. On February 17, 2017, Riverview Bancorp, Inc. and Riverview Community Bank (the "Bank") completed a purchase and assumption transaction in which the Bank purchased certain assets and assumed certain liabilities of MBank, the wholly-owned subsidiary of Merchants Bancorp (the "MBank transaction"). In addition, as part of the MBank transaction, Riverview Bancorp, Inc. assumed the obligations of Merchant Bancorp's trust preferred securities. The MBank transaction was accounted for as a business combination pursuant to GAAP. The results of operations of the acquired assets and assumed liabilities have been included in the Company's consolidated financial statements as of and for the periods since the acquisition date. See Note 3 for additional discussion. Income taxes are accounted for using the asset and liability method. Under this method, a deferred tax asset or liability is determined based on the enacted tax rates which will be in effect when the differences between the financial statement carrying amounts and tax basis of existing assets and liabilities are expected to be reported in the Company's income tax returns. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date. The Tax Cuts and Jobs Act (the "Tax Act") was enacted on December 22, 2017, and – among other provisions – lowered the federal corporate income tax rate. As a result, the Company revalued its deferred tax assets and liabilities during the third quarter of the fiscal year ended March 31, 2018. In addition, the Company utilized a blended tax rate for its fiscal year ended March 31, 2018 given the Tax Act lowered the federal corporate tax rate effective January 1, 2018. For the three and nine months ended December 31, 2018 and for the fiscal year ending March 31, 2019, the Company will utilize the enacted federal corporate income tax rate pursuant to the Tax Act. In September 2018, the Bank completed a purchase and assumption transaction in which all of the Bank's Longview, Washington branch deposits were sold to a community bank headquartered in Longview. The Bank sold approximately $3.2 million of deposits and recognized a gain on sale of these deposits of approximately $70,000 in the fiscal quarter ended September 30, 2018. This gain on sale of deposits is included in other non-interest income in the accompanying unaudited consolidated statements of income. This purchase and assumption transaction did not include the sale of any loans, or exchange of any assets or liabilities other than deposits. The Bank subsequently sold the Longview branch land and building in December 2018 and recognized a $355,000 gain on sale which is included in other non-interest expense in the accompanying unaudited statements of income for the three and nine months ended December 31, 2018. Certain prior period amounts have been reclassified to conform to the current period presentation; such reclassifications had no effect on previously reported net income or total equity.

PRINCIPLES OF CONSOLIDATION

PRINCIPLES OF CONSOLIDATION	9 Months Ended
	Dec. 31, 2018
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; and the Bank's wholly-owned subsidiaries, Riverview Services, Inc. and Riverview Trust Company (the "Trust Company") (collectively referred to as the "Company"). All inter-company transactions and balances have been eliminated in consolidation. As of December 31, 2018, the Trust Company had 2,500 Trust Company stock options outstanding which had been granted to the President and Chief Executive Officer of the Trust Company. During the three and nine months ended December 31, 2018, the Trust Company incurred $12,000 and $34,000, respectively, of stock-based compensation expense related to these options. During the year ended March 31, 2018, the Trust Company incurred $88,000 of stock-based compensation expense related to these options. None of the Trust Company stock options were exercised as of December 31, 2018.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	9 Months Ended
	Dec. 31, 2018
Business Combinations [Abstract]
BUSINESS COMBINATIONS	3. BUSINESS COMBINATIONS On February 17, 2017, the Company acquired certain assets and assumed certain liabilities of Merchants Bancorp and its wholly-owned subsidiary, MBank. MBank provided community banking services to individuals and businesses from banking offices in the Portland, Oregon metropolitan area. As a result of the MBank transaction, the Company has increased its presence in the Portland, Oregon metropolitan area and further diversified its loan, customer and deposit base. Total consideration paid under the MBank transaction consisted of $12.1 million in cash. There were no transfers of common stock or other equity instruments in connection with the MBank transaction, and the Company did not obtain any equity interests in Merchants Bancorp or MBank. The acquired assets and assumed liabilities were recorded in the Company's consolidated balance sheets at their estimated fair values as of the February 17, 2017 transaction date, and the related results of operations have been included in the Company's consolidated statements of income since the transaction date. The excess of the consideration transferred over the fair value of the identifiable net assets acquired was recorded as goodwill. The goodwill arising from the transaction consists largely of the synergies and economies of scale expected from combining the operations of the Company and the acquired business. In most instances, determining the estimated fair values of the acquired assets and assumed liabilities required the Company to estimate cash flows expected to result from those assets and liabilities and to discount those cash flows at the appropriate rate of interest. Differences may arise between contractually required payments and the expected cash flows at the acquisition date due to items such as estimated credit losses, prepayments or early withdrawals, and other factors. The most significant of those determinations related to the valuation of acquired loans. For such loans, the excess of cash flows expected at acquisition over the estimated fair value is recognized as interest income over the remaining lives of the loans. In accordance with GAAP, there was no carry-over of MBank's previously established allowance for loan losses. Goodwill is expected to be fully deductible for income tax purposes as, under the terms of the MBank transaction, the Company purchased certain assets and assumed certain liabilities of MBank but did not acquire any equity or other ownership interests. The following table summarizes the fair value of consideration transferred, the estimated fair values of assets acquired and liabilities assumed as of the acquisition date, and the resulting goodwill relating to the transaction (in thousands): At February 17, 2017 Book Value Fair Value Adjustment Estimated Fair Value Cash consideration transferred $ 12,080 Recognized amounts of identifiable assets acquired and liabilities assumed Identifiable assets acquired Cash and cash equivalents $ 27,196 $ - $ 27,196 Loans receivable 115,283 (3,258 ) 112,025 CDI - 1,363 1,363 Premises and equipment 1,769 399 2,168 BOLI 2,113 - 2,113 Accrued interest receivable and other assets 431 90 521 Total identifiable assets acquired 146,792 (1,406 ) 145,386 Liabilities assumed Deposits 130,572 235 130,807 Junior subordinated debentures 5,155 (1,468 ) 3,687 Accrued expenses and other liabilities 293 23 316 Total liabilities assumed 136,020 (1,210 ) 134,810 Total identifiable net assets acquired $ 10,772 $ (196 ) 10,576 Goodwill recognized $ 1,504 The acquired loan portfolio was valued using Level 3 inputs (see Note 12) and included the use of present value techniques (including cash flow estimates) and incorporated assumptions that the Company believes marketplace participants would use in estimating fair values. Credit discounts were included in the determination of the fair value of the loans acquired; therefore, an allowance for loan losses was not recorded at the acquisition date. Acquired loans are evaluated upon acquisition and classified as either purchased credit-impaired ("PCI") or purchased non-credit-impaired. PCI loans reflect credit deterioration since origination such that it is probable at acquisition that the Company will be unable to collect all contractually required payments. The Company determined there were no PCI loans acquired in connection with the MBank transaction. For purchased non-credit-impaired loans, the difference between the fair value and unpaid principal balance of the loan at the acquisition date is amortized or accreted to interest income over the life of the loans. Any subsequent deterioration in credit quality is recognized by recording an allowance for loan losses. CDI represents the value assigned to demand, interest checking, money market and savings accounts acquired as part of an acquisition. CDI represents the future economic benefit of the potential cost savings from acquiring core deposits as part of an acquisition compared to the cost of alternative funding sources. CDI is amortized to non-interest expense using an accelerated method based on an estimated runoff of related deposits over a period of ten years. CDI is evaluated for impairment and recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable, with any changes in estimated useful life accounted for prospectively over the revised remaining life.

STOCK PLANS AND STOCK-BASED COM

STOCK PLANS AND STOCK-BASED COMPENSATION	9 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK PLANS AND STOCK-BASED COMPENSATION	4. 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 in October 1998 and expired in October 2008. In addition, 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 1998 Plan or the 2003 Plan; however, any awards granted prior to their respective expiration dates remain outstanding subject to their terms. Each option granted under the 1998 Plan or 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. In July 2017, the shareholders of the Company approved the 2017 Equity Incentive Plan ("2017 Plan"). The 2017 Plan provides for the grant of incentive stock options, non-qualified stock options, restricted stock and restricted stock units. The Company has reserved 1,800,000 shares of its common stock for issuance under the 2017 Plan, none of which have been awarded. The 1998 Plan, the 2003 Plan and the 2017 Plan are collectively referred to as "the Stock Option Plans". 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 under the Stock Option Plans during the three and nine months ended December 31, 2018 and 2017. As of December 31, 2018, all outstanding stock options were fully vested and there was no remaining unrecognized compensation expense under the Stock Option Plans. There was no stock-based compensation expense related to stock options for the three and nine months ended December 31, 2018 and 2017 under the Stock Option Plans. The following table presents the activity related to stock options under the Stock Option Plans for the periods shown: Nine Months Ended December 31, 2018 Nine Months Ended December 31, 2017 Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Balance, beginning of period 141,365 $ 3.77 220,654 $ 4.74 Options exercised (28,533 ) 5.30 (41,022 ) 4.01 Expired (2,500 ) 8.12 (33,000 ) 8.49 Balance, end of period 110,332 $ 3.27 146,632 $ 4.10 The following table presents information on stock options outstanding under the Stock Option Plans as of December 31, 2018 and 2017, less estimated forfeitures: 2018 2017 Stock options fully vested and expected to vest: Number 110,332 146,632 Weighted average exercise price $ 3.27 $ 4.10 Aggregate intrinsic value (1) $ 442,000 $ 678,000 Weighted average contractual term of options (years) 2.44 2.93 Stock options fully vested and currently exercisable: Number 110,332 146,632 Weighted average exercise price $ 3.27 $ 4.10 Aggregate intrinsic value (1) $ 442,000 $ 678,000 Weighted average contractual term of options (years) 2.44 2.93 (1) The total intrinsic value of stock options exercised under the Stock Option Plans was $118,000 and $170,000 for the nine months ended December 31, 2018 and 2017, respectively.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
EARNINGS PER SHARE	5. EARNINGS PER SHARE Basic earnings per share ("EPS") is computed by dividing net income or loss applicable to common stock by the weighted average number of common shares outstanding during the period, without considering any dilutive items. Diluted EPS is computed by dividing net income or loss applicable to common stock by the weighted average number of common shares and common stock equivalents for items that are dilutive, net of shares assumed to be repurchased using the treasury stock method at the average share price for the Company's common stock during the period. Common stock equivalents arise from the assumed exercise of outstanding stock options. Shares owned by the Company's ESOP that have not been allocated are not considered to be outstanding for the purpose of computing basic and diluted EPS. As of December 31, 2018 and 2017, all shares under the Company's ESOP were allocated. For the three and nine months ended December 31, 2018, there were no stock options excluded in computing diluted EPS. For the three and nine months ended December 31, 2017, stock options for 5,000 shares and 12,000 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, 2018 2017 2018 2017 Basic EPS computation: Numerator-net income $ 4,388,000 $ 1,520,000 $ 13,059,000 $ 7,233,000 Denominator-weighted average common shares outstanding 22,598,712 22,537,092 22,582,956 22,520,352 Basic EPS $ 0.19 $ 0.07 $ 0.58 $ 0.32 Diluted EPS computation: Numerator-net income $ 4,388,000 $ 1,520,000 $ 13,059,000 $ 7,233,000 Denominator-weighted average common shares outstanding 22,598,712 22,537,092 22,582,956 22,520,352 Effect of dilutive stock options 65,207 85,037 75,197 88,251 Weighted average common shares and common stock equivalents 22,663,919 22,622,129 22,658,153 22,608,603 Diluted EPS $ 0.19 $ 0.07 $ 0.58 $ 0.32

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	6. 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, 2018 Available for sale: Municipal securities $ 8,924 $ 2 $ (247 ) $ 8,679 Agency securities 12,423 3 (246 ) 12,180 Real estate mortgage investment conduits (1) 42,561 1 (1,111 ) 41,451 Residential mortgage-backed securities (1) 80,390 2 (2,565 ) 77,827 Other mortgage-backed securities (2) 43,620 5 (1,482 ) 42,143 Total available for sale $ 187,918 $ 13 $ (5,651 ) $ 182,280 Held to maturity: Residential mortgage-backed securities (3) $ 36 $ 1 $ - $ 37 March 31, 2018 Available for sale: Municipal securities $ 9,041 $ - $ (309 ) $ 8,732 Agency securities 22,412 1 (311 ) 22,102 Real estate mortgage investment conduits (1) 48,310 - (1,355 ) 46,955 Residential mortgage-backed securities (1) 91,786 3 (2,715 ) 89,074 Other mortgage-backed securities (2) 47,878 1 (1,521 ) 46,358 Total available for sale $ 219,427 $ 5 $ (6,211 ) $ 213,221 Held to maturity: Residential mortgage-backed securities (3) $ 42 $ 1 $ - $ 43 (1) (2) (3) The contractual maturities of investment securities as of December 31, 2018 are as follows (in thousands): Available for Sale Held to Maturity Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Due in one year or less $ 5,138 $ 5,111 $ - $ - Due after one year through five years 8,392 8,269 33 33 Due after five years through ten years 50,031 48,689 - - Due after ten years 124,357 120,211 3 4 Total $ 187,918 $ 182,280 $ 36 $ 37 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, 2018 Available for sale: Municipal securities $ 1,103 $ (41 ) $ 6,415 $ (206 ) $ 7,518 $ (247 ) Agency securities 1,001 (2 ) 9,164 (244 ) 10,165 (246 ) Real estate mortgage investment conduits (2) 2,126 (11 ) 39,284 (1,100 ) 41,410 (1,111 ) Residential mortgage-backed securities (2) 4,273 (64 ) 73,365 (2,501 ) 77,638 (2,565 ) Other mortgage-backed securities (3) 977 (14 ) 40,547 (1,468 ) 41,524 (1,482 ) Total available for sale $ 9,480 $ (132 ) $ 168,775 $ (5,519 ) $ 178,255 $ (5,651 ) March 31, 2018 Available for sale: Municipal securities $ 6,626 $ (236 ) $ 2,106 $ (73 ) $ 8,732 $ (309 ) Agency securities 5,301 (112 ) 15,797 (199 ) 21,098 (311 ) Real estate mortgage investment conduits (1) 31,922 (774 ) 14,983 (581 ) 46,905 (1,355 ) Residential mortgage-backed securities (2) 50,941 (1,192 ) 37,823 (1,523 ) 88,764 (2,715 ) Other mortgage-backed securities (3) 16,355 (382 ) 29,351 (1,139 ) 45,706 (1,521 ) Total available for sale $ 111,145 $ (2,696 ) $ 100,060 $ (3,515 ) $ 211,205 $ (6,211 ) (1) (2) (3) The unrealized losses on the Company's investment securities were primarily attributable to increases in market interest rates subsequent to their purchase by the Company. The Company expects the fair value of these securities to recover as the securities approach their maturity dates or sooner if market yields for such securities decline. The Company does not believe that these securities are other than temporarily impaired because of their credit quality or related to any issuer or industry specific event. Based on management's evaluation and intent, the unrealized losses related to the investment securities in the above tables are considered temporary The Company had no sales and realized no gains or losses on sales of investment securities for the three and nine months ended December 31, 2018 and 2017. Investment securities available for sale with an amortized cost of $6.0 million and $3.7 million and a fair value of $5.8 million and $3.6 million at December 31, 2018 and March 31, 2018, respectively, were pledged as collateral for government public funds held by the Bank.

LOANS RECEIVABLE

LOANS RECEIVABLE	9 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
LOANS RECEIVABLE	7. LOANS RECEIVABLE Loans receivable as of December 31, 2018 and March 31, 2018 are reported net of deferred loan fees totaling $4.2 million and $3.6 million, respectively. Loans receivable are also reported net of discounts and premiums totaling $1.7 million and $1.8 million as of December 31, 2018, respectively, compared to $2.2 million and $2.0 million, respectively, as of March 31, 2018. Loans receivable, excluding loans held for sale, consisted of the following at the dates indicated (in thousands): December 31, 2018 March 31, 2018 Commercial and construction Commercial business $ 154,360 $ 137,672 Commercial real estate 468,361 450,597 Land 18,506 15,337 Multi-family 54,930 63,080 Real estate construction 76,518 39,584 Total commercial and construction 772,675 706,270 Consumer Real estate one-to-four family 86,240 90,109 Other installment (1) 9,721 14,997 Total consumer 95,961 105,106 Total loans 868,636 811,376 Less: Allowance for loan losses 11,502 10,766 Loans receivable, net $ 857,134 $ 800,610 (1) Consists primarily of purchased automobile loans totaling $7.2 million and $12.9 million at December 31, 2018 and March 31, 2018, 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, 2018, loans carried at $520.0 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 activities are 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, 2018 and March 31, 2018, 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, 2018
Allowance For Loan Losses [Abstract]
ALLOWANCE FOR LOAN LOSSES	8. 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 management'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 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 loan portfolio. These historical loss rates are adjusted for qualitative and environmental factors. An unallocated component is maintained to cover uncertainties that the Company believes have resulted in incurred losses that have not yet been allocated to specific elements of the general and specific components of the allowance for loan losses. Such factors include uncertainties in economic conditions, uncertainties in identifying triggering events that directly correlate to subsequent loss rates, changes in appraised value of underlying collateral, risk factors that have not yet manifested themselves in loss allocation factors and historical loss experience data that may not precisely correspond to the current portfolio or economic conditions. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. The appropriate allowance level is estimated based upon factors and trends identified by the Company as of the date of the filing of the consolidated financial statements. When available information confirms that specific loans or portions thereof are uncollectible, identified amounts are charged against the allowance for loan losses. The existence of some or all of the following criteria will generally confirm that a loss has been incurred: the loan is significantly delinquent and the borrower has not demonstrated the ability or intent to bring the loan current; the Company has no recourse to the borrower, or if it does, the borrower has insufficient assets to pay the debt; and/or the estimated fair value of the loan collateral is significantly below the current loan balance, and there is little or no near-term prospect for improvement. 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, 2018 Commercial Business Commercial Real Estate Land Multi- Family Real Estate Construction Consumer Unallocated Total Beginning balance $ 1,858 $ 5,361 $ 237 $ 696 $ 1,007 $ 1,641 $ 713 $ 11,513 Provision for (recapture of) loan losses 84 (80 ) 31 19 186 (177 ) (63 ) - Charge-offs - - - - - (52 ) - (52 ) Recoveries - - - - - 41 - 41 Ending balance $ 1,942 $ 5,281 $ 268 $ 715 $ 1,193 $ 1,453 $ 650 $ 11,502 Nine months ended December 31, 2018 Beginning balance $ 1,668 $ 4,914 $ 220 $ 822 $ 618 $ 1,809 $ 715 $ 10,766 Provision for (recapture of) loan losses 274 (456 ) 48 (107 ) 575 (219 ) (65 ) 50 Charge-offs - - - - - (236 ) - (236 ) Recoveries - 823 - - - 99 - 922 Ending balance $ 1,942 $ 5,281 $ 268 $ 715 $ 1,193 $ 1,453 $ 650 $ 11,502 Three months ended December 31, 2017 Beginning balance $ 1,340 $ 5,116 $ 196 $ 504 $ 840 $ 1,890 $ 731 $ 10,617 Provision for (recapture of) loan losses (186 ) (26 ) (19 ) 295 (206 ) 81 61 - Charge-offs - - - - - (46 ) - (46 ) Recoveries 220 65 - - - 11 - 296 Ending balance $ 1,374 $ 5,155 $ 177 $ 799 $ 634 $ 1,936 $ 792 $ 10,867 Nine months ended December 31, 2017 Beginning balance $ 1,418 $ 5,084 $ 228 $ 297 $ 714 $ 2,099 $ 688 $ 10,528 Provision for (recapture of) loan losses (270 ) 40 (344 ) 502 (80 ) 48 104 - Charge-offs - - - - - (257 ) - (257 ) Recoveries 226 31 293 - - 46 - 596 Ending balance $ 1,374 $ 5,155 $ 177 $ 799 $ 634 $ 1,936 $ 792 $ 10,867 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, 2018 Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Commercial business $ - $ 1,942 $ 1,942 $ 163 $ 154,197 $ 154,360 Commercial real estate - 5,281 5,281 2,523 465,838 468,361 Land - 268 268 731 17,775 18,506 Multi-family - 715 715 1,606 53,324 54,930 Real estate construction - 1,193 1,193 - 76,518 76,518 Consumer 25 1,428 1,453 705 95,256 95,961 Unallocated - 650 650 - - - Total $ 25 $ 11,477 $ 11,502 $ 5,728 $ 862,908 $ 868,636 March 31, 2018 Commercial business $ - $ 1,668 $ 1,668 $ 1,004 $ 136,668 $ 137,672 Commercial real estate - 4,914 4,914 2,883 447,714 450,597 Land - 220 220 763 14,574 15,337 Multi-family - 822 822 1,644 61,436 63,080 Real estate construction - 618 618 - 39,584 39,584 Consumer 69 1,740 1,809 1,428 103,678 105,106 Unallocated - 715 715 - - - Total $ 69 $ 10,697 $ 10,766 $ 7,722 $ 803,654 $ 811,376 Non-accrual loans: The following tables present an analysis of loans by aging category at the dates indicated (in thousands): December 31, 2018 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 $ - $ - $ 268 $ 268 $ 154,092 $ 154,360 Commercial real estate 9 - 1,112 1,121 467,240 468,361 Land - - - - 18,506 18,506 Multi-family - - - - 54,930 54,930 Real estate construction - - - - 76,518 76,518 Consumer 462 4 228 694 95,267 95,961 Total $ 471 $ 4 $ 1,608 $ 2,083 $ 866,553 $ 868,636 March 31, 2018 Commercial business $ 7 $ - $ 178 $ 185 $ 137,487 $ 137,672 Commercial real estate - - 1,200 1,200 449,397 450,597 Land - - 763 763 14,574 15,337 Multi-family - - - - 63,080 63,080 Real estate construction - - - - 39,584 39,584 Consumer 513 - 277 790 104,316 105,106 Total $ 520 $ - $ 2,418 $ 2,938 $ 808,438 $ 811,376 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, 2018 Pass Special Mention Substandard Doubtful Loss Total Loans Receivable Commercial business $ 150,099 $ 2,075 $ 2,186 $ - $ - $ 154,360 Commercial real estate 456,824 8,689 2,848 - - 468,361 Land 17,775 - 731 - - 18,506 Multi-family 54,379 530 21 - - 54,930 Real estate construction 76,518 - - - - 76,518 Consumer 95,733 - 228 - - 95,961 Total $ 851,328 $ 11,294 $ 6,014 $ - $ - $ 868,636 March 31, 2018 Commercial business $ 132,309 $ 1,976 $ 3,387 $ - $ - $ 137,672 Commercial real estate 440,123 7,489 2,985 - - 450,597 Land 14,574 - 763 - - 15,337 Multi-family 60,879 2,190 11 - - 63,080 Real estate construction 39,584 - - - - 39,584 Consumer 104,829 - 277 - - 105,106 Total $ 792,298 $ 11,655 $ 7,423 $ - $ - $ 811,376 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, 2018 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 $ 163 $ - $ 163 $ 183 $ - Commercial real estate 2,523 - 2,523 3,457 - Land 731 - 731 768 - Multi-family 1,606 - 1,606 1,712 - Consumer 284 421 705 817 25 Total $ 5,307 $ 421 $ 5,728 $ 6,937 $ 25 March 31, 2018 Commercial business $ 1,004 $ - $ 1,004 $ 1,062 $ - Commercial real estate 2,883 - 2,883 3,816 - Land 763 - 763 790 - Multi-family 1,644 - 1,644 1,765 - Consumer 294 1,134 1,428 1,544 69 Total $ 6,588 $ 1,134 $ 7,722 $ 8,977 $ 69 Three Months ended December 31, 2018 Three Months ended December 31, 2017 Average Recorded Investment Interest Recognized on Impaired Loans Average Recorded Investment Interest Recognized on Impaired Loans Commercial business $ 166 $ - $ 1,118 $ 9 Commercial real estate 2,539 16 3,347 20 Land 735 2 775 - Multi-family 1,613 22 1,663 23 Consumer 709 9 1,446 15 Total $ 5,762 $ 49 $ 8,349 $ 67 Nine Months ended December 31, 2018 Nine Months ended December 31, 2017 Average Recorded Investment Interest Recognized on Impaired Loans Average Recorded Investment Interest Recognized on Impaired Loans Commercial business $ 377 $ - $ 912 $ 32 Commercial real estate 2,639 48 4,510 82 Land 746 2 786 - Multi-family 1,626 66 1,674 68 Consumer 1,065 35 1,458 46 Total $ 6,453 $ 151 $ 9,340 $ 228 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, 2018 March 31, 2018 Accrual Nonaccrual Total Accrual Nonaccrual Total Commercial business $ - $ 163 $ 163 $ 826 $ 178 $ 1,004 Commercial real estate 1,411 1,112 2,523 1,683 1,200 2,883 Land 731 - 731 - 763 763 Multi-family 1,606 - 1,606 1,644 - 1,644 Consumer 705 - 705 1,428 - 1,428 Total $ 4,453 $ 1,275 $ 5,728 $ 5,581 $ 2,141 $ 7,722 At December 31, 2018, the Company had no commitments to lend additional funds on these loans. At December 31, 2018, all of the Company's TDRs were paying as agreed. There were no new TDRs for the three and nine months ended December 31, 2018 and 2017. 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, 2018. In accordance with the Company's policy guidelines, unsecured loans are generally charged-off when no payments have been received for three consecutive months unless an alternative action plan is in effect. Consumer installment loans delinquent six months or more that have not received at least 75% of their required monthly payment in the last 90 days are charged-off. In addition, loans discharged in bankruptcy proceedings are charged-off. Loans under bankruptcy protection with no payments received for four consecutive months are charged-off. The outstanding balance of a secured loan that is in excess of the net realizable value is generally charged-off if no payments are received for four to five consecutive months. However, charge-offs are postponed if alternative proposals to restructure, obtain additional guarantors, obtain additional assets as collateral or a potential sale of the underlying collateral would result in full repayment of the outstanding loan balance. Once any other potential sources of repayment are exhausted, the impaired portion of the loan is charged-off. Regardless of whether a loan is unsecured or collateralized, once an amount is determined to be a confirmed loan loss it is promptly charged off.

GOODWILL

GOODWILL	9 Months Ended
	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	9. GOODWILL Goodwill and certain other intangibles generally arise from business combinations accounted for under the purchase method of accounting. 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. All of the Company's goodwill has been allocated to the Bank reporting unit. The Company performed an impairment assessment as of October 31, 2018 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 in 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.

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES	9 Months Ended
	Dec. 31, 2018
Federal Home Loan Banks [Abstract]
FEDERAL HOME LOAN BANK ADVANCES	10. FEDERAL HOME LOAN BANK ADVANCES FHLB advances are summarized as follows (dollars in thousands): December 31, 2018 March 31, 2018 FHLB advances (1) $ 34,543 $ - Weighted average interest rate on FHLB advances (2) 2.39 % 1.60 % (1) (2) Computed based on the borrowing activity for the nine months ended December 31, 2018 and the fiscal year ended March 31, 2018, respectively.

JUNIOR SUBORDINATED DEBENTURES

JUNIOR SUBORDINATED DEBENTURES	9 Months Ended
	Dec. 31, 2018
Junior Subordinated Debentures [Abstract]
JUNIOR SUBORDINATED DEBENTURES	11. JUNIOR SUBORDINATED DEBENTURES The Company has 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 had a carrying value totaling $26.6 million and $26.5 million at December 31, 2018 and March 31, 2018, respectively, and are reflected in the accompanying unaudited 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 $836,000 at both December 31, 2018 and March 31, 2018, is included in prepaid expenses and other assets in the accompanying unaudited consolidated balance sheets. The Company records interest expense on the Debentures in the accompanying unaudited consolidated statements of income. The following table is a summary of the terms and the amounts outstanding of the Debentures at December 31, 2018 (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 % 4.15 % 3/2036 Riverview Bancorp Statutory Trust II 06/2007 15,464 Variable (2) 7.03 % 4.14 % 9/2037 Merchants Bancorp Statutory Trust I (4) 06/2003 5,155 Variable (3) 4.16 % 5.92 % 6/2033 27,836 Fair value adjustment (4) (1,283 ) Total Debentures at fair value $ 26,553 (1) The trust preferred securities reprice quarterly based on the three-month LIBOR plus 1.36%. (2) (3) The trust preferred securities reprice quarterly based on the three-month LIBOR plus 3.10%. (4)

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	12. 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, 2018 Total Estimated Fair Value Level 1 Level 2 Level 3 Investment securities available for sale: Municipal securities $ 8,679 $ - $ 8,679 $ - Agency securities 12,180 - 12,180 - Real estate mortgage investment conduits 41,451 - 41,451 - Residential mortgage-backed securities 77,827 - 77,827 - Other mortgage-backed securities 42,143 - 42,143 - Total assets measured at fair value on a recurring basis $ 182,280 $ - $ 182,280 $ - March 31, 2018 Investment securities available for sale: Municipal securities $ 8,732 $ - $ 8,732 $ - Agency securities 22,102 - 22,102 - Real estate mortgage investment conduits 46,955 - 46,955 - Residential mortgage-backed securities 89,074 - 89,074 - Other mortgage-backed securities 46,358 - 46,358 - Total assets measured at fair value on a recurring basis $ 213,221 $ - $ 213,221 $ - There were no transfers of assets into or out of Level 1, 2 or 3 during the nine months ended December 31, 2018 and 2017. 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, management 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 help ensure prices represent a reasonable estimate of fair value. 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, 2018 Total Estimated Fair Value Level 1 Level 2 Level 3 Impaired loans $ 396 $ - $ - $ 396 March 31, 2018 Impaired loans $ 2,143 $ - $ - $ 2,143 The following table presents quantitative information about Level 3 inputs for financial instruments measured at fair value on a nonrecurring basis at December 31, 2018 and March 31, 2018: Valuation Technique Significant Unobservable Inputs Range Impaired loans Appraised value or discounted cash flows Adjustment for market conditions or discount rate N/A (1) 5.25% - 8.0% (1) The following methods were used to estimate the fair values: For information regarding the Company's method for estimating the fair value of impaired loans, which reflects the exit price notion, see Note 8 – Allowance For Loan Losses. 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. 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 are as follows at the dates indicated (in thousands): December 31, 2018 Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value Assets: Cash and cash equivalents $ 23,394 $ 23,394 $ - $ - $ 23,394 Certificates of deposit held for investment 747 - 738 - 738 Investment securities available for sale 182,280 - 182,280 - 182,280 Investment securities held to maturity 36 - 37 - 37 Loans receivable, net 857,134 - - 848,906 848,906 FHLB stock 2,735 - 2,735 - 2,735 Liabilities: Time deposits 95,809 - 93,818 - 93,818 FHLB advances 34,543 - 34,543 - 34,543 Junior subordinated debentures 26,553 - - 15,849 15,849 Capital lease obligation 2,410 - 2,410 - 2,410 March 31, 2018 Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value Assets: Cash and cash equivalents $ 44,767 $ 44,767 $ - $ - $ 44,767 Certificates of deposit held for investment 5,967 - 5,959 - 5,959 Loans held for sale 210 - 210 - 210 Investment securities available for sale 213,221 - 213,221 - 213,221 Investment securities held to maturity 42 - 43 - 43 Loans receivable, net 800,610 - - 792,916 792,916 FHLB stock 1,353 - 1,353 - 1,353 Liabilities: Time deposits 123,144 - 120,940 - 120,940 Junior subordinated debentures 26,484 - - 15,274 15,274 Capital lease obligation 2,431 - 2,431 - 2,431 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.

NEW ACCOUNTING PRONOUNCEMENTS

NEW ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Dec. 31, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	13. 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"), which created FASB Accounting Standards Codification ("ASC") Topic 606 ("ASC 606"). ASC 606 implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASC 606 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. ASC 606 was effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2017. The Company adopted ASC 606 on April 1, 2018 using the modified retrospective approach. Therefore, the comparative information has not been adjusted and continues to be reported under superseded ASC 605. There was no cumulative effect adjustment as of April 1, 2018, and there were no material changes to the timing or amount of revenue recognized for the nine months ended December 31, 2018; however, additional disclosures were incorporated in the Notes to the Consolidated Financial Statements upon adoption. The majority of the Company's revenue is comprised of interest income from financial assets, which is explicitly excluded from the scope of ASC 606. The Company elected to apply the practical expedient pursuant to ASC 606 and therefore does not disclose information about remaining performance obligations that have an original expected term of one year or less and allows the Company to expense costs related to obtaining a contract as incurred when the amortization period would have been one year or less. See Note 14 for additional discussion. In January 2016, the FASB issued ASU 2016-01, "Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities" ("ASU 2016-01"). ASU 2016-01 generally requires equity investments – except those accounted for under the equity method of accounting or those that result in consolidation of the investee – to be measured at fair value with changes in fair value recognized in net income. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. ASU 2016-01 is intended to simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. ASU 2016-01 also eliminates certain disclosures related to the fair value of financial instruments and requires entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. ASU 2016-01 was effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company adopted this ASU on April 1, 2018. As required by ASU 2016-01, the fair value disclosure for loans receivable was computed using an exit price notion and deposits with no stated maturity are no longer included in the fair value disclosures in Note 12. 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 ASU 2016-02 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 generally on a 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 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018. Early application of ASU 2016-02 is permitted. In July 2018, the FASB issued ASU 2018-11, "Leases (Topic 842) Targeted Improvements" ("ASU 2018-11"). The amendments in this ASU provide entities with an additional (and optional) transition method to adopt ASU 2016-02. Under this new transition method, an entity initially applies the new leases standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Consequently, an entity's reporting for the comparative periods presented in the financial statements in which it adopts the new leases standard will continue to be in accordance with current GAAP. The effect of adoption will depend on leases at the time of adoption. Once adopted, the Company expects to report a greater amount of assets and liabilities as a result of including right-of-use assets and lease liabilities related to certain non-cancelable operating lease agreements; however, based on current leases, the adoption of ASU 2016-02 and ASU 2018-11 is not expected to have a material 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 with respect 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. In addition, ASU 2016-13 requires credit losses relating to available for sale debt securities to be recorded through an allowance for credit losses rather than as a reduction of carrying amount. ASU 2016-13 also changes the accounting for PCI debt securities and loans. ASU 2016-13 retains many of the current disclosure requirements in GAAP and expands certain disclosure requirements. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Upon adoption, the Company expects a change in the processes and procedures to calculate the allowance for loan losses, including changes in assumptions and estimates to consider expected credit losses over the life of the loan versus the current accounting practice that utilizes the incurred loss model. In addition, the current accounting policy and procedures for other-than-temporary impairment on investment securities available for sale will be replaced with an allowance approach. The Company is reviewing the requirements of ASU 2016-13 and has begun developing and implementing processes and procedures to ensure it is fully compliant with the amendments at the adoption date. At this time, management anticipates the allowance for loan losses will increase as a result of the implementation of ASU 2016-13; however, until its evaluation is complete, the magnitude of the increase will not be known. 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 eliminates 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 is 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 material impact on the Company's future consolidated financial statements. In March 2017, the FASB issued ASU 2017-08, "Receivables – Nonrefundable Fees and Other Costs: Premium Amortization on Purchased Callable Debt Securities" ("ASU 2017-08"). ASU 2017-08 shortens the amortization period for certain callable debt securities held at a premium to the earliest call date. ASU 2017-08 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The adoption of ASU 2017-08 is not expected to have a material impact on the Company's future consolidated financial statements. In February 2018, the FASB issued ASU 2018-02, "Income Statement – Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income" ("ASU 2018-02"). ASU 2018-02 allows a reclassification from accumulated other comprehensive income ("AOCI") to retained earnings for stranded tax effects resulting from the Tax Act. The amount of the reclassification would be calculated on the basis of the difference between the historical and newly enacted tax rates for deferred tax liabilities and assets related to items within AOCI. ASU 2018-02 is effective for fiscal years beginning after December 15, 2018, and early adoption is permitted. ASU 2018-02 should be applied either in the period of adoption or retrospectively to each period in which the effect of the change in the federal corporate tax rate is recognized. The Company elected to early adopt ASU 2018-02 and, as a result, reclassified $342,000 of stranded tax effects from AOCI to retained earnings in the fourth quarter of the fiscal year ended March 31, 2018. In August 2018, the FASB issued ASU 2018-13, "Fair Value Measurement: Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement" ("ASU 2018-13"). ASU 2018-13 modifies the disclosure requirements on fair value measurements. The following disclosure requirements were removed from ASC Topic 820 – Fair Value Measurement: (1) the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy; (2) the policy for timing of transfers between levels; and (3) the valuation processes for Level 3 fair value measurements. ASU 2018-13 clarifies that the measurement uncertainty disclosure is to communicate information about the uncertainty in measurement as of the reporting date. In addition, ASU 2018-13 adds new disclosure requirements for Level 3 measurements. ASU 2018-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for any removed or modified disclosures. The adoption of ASU 2018-13 is not expected to have a material impact on the Company's future consolidated financial statements. In August 2018, the FASB issued ASU 2018-15, "Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40), Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract" ("ASU 2018-15"). The amendments in ASU 2018-15 broaden the scope of ASC Subtopic 350-40 to include costs incurred to implement a hosting arrangement that is a service contract. The amendments align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The costs are capitalized or expensed depending on the nature of the costs and the project stage during which they are incurred, consistent with the accounting for internal-use software costs. The amendments in ASU 2018-15 result in consistent capitalization of implementation costs of a hosting arrangement that is a service contract and implementation costs incurred to develop or obtain internal use software (and hosting arrangements that include an internal-use software license). The accounting for the service element of a hosting arrangement that is a service contract is not affected by the amendments in ASU 2018-15. ASU 2018-15 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The adoption of ASU 2018-15 is not expected to have a material impact on the Company's future consolidated financial statements.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	9 Months Ended
	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	14. REVENUE FROM CONTRACTS WITH CUSTOMERS In accordance with ASC 606, revenues are recognized when goods or services are transferred to the customer in exchange for the consideration the Company expects to be entitled to receive. The largest portion of the Company's revenue is from interest income, which is not in the scope of ASC 606. All of the Company's revenue from contracts with customers in the scope of ASC 606 is recognized in non-interest income with the exception of gains on sales of REO, which are included in non-interest expense. If a contract is determined to be within the scope of ASC 606, the Company recognizes revenue as it satisfies a performance obligation. Payments from customers are generally collected at the time services are rendered, monthly, or quarterly. For contracts with customers within the scope of ASC 606, revenue is either earned at a point in time or revenue is earned over time. Examples of revenue earned at a point in time are automated teller machine ("ATM") transaction fees, wire transfer fees, overdraft fees and interchange fees. Revenue is primarily based on the number and type of transactions that are generally derived from transactional information accumulated by the Company's systems and is recognized immediately as the transactions occur or upon providing the service to complete the customer's transaction. The Company is generally the principal in these contracts, with the exception of interchanges fees, in which case the Company is acting as the agent and records revenue net of expenses paid to the principal. Examples of revenue earned over time, which generally occur on a monthly basis, are deposit account maintenance fees, investment advisory fees, merchant revenue, trust and investment management fees and safe deposit box fees. Revenue is generally derived from transactional information accumulated by the Company's systems or those of third-parties and is recognized as the related transactions occur or services are rendered to the customer. Disaggregation of Revenue The following table includes the Company's non-interest income disaggregated by type of service for the three and nine months ended December 31, 2018 and 2017 (in thousands): Three Months Ended December 31, Nine Months Ended December 31, 2018 2017 2018 2017 Asset management fees $ 935 $ 911 $ 2,804 $ 2,582 Debit card and ATM fees 799 733 2,382 2,227 Deposit related fees 436 404 1,313 1,227 Loan related fees 138 184 796 506 BOLI (1) 192 207 545 618 Net gains on sales of loans held for sale (1) 82 140 278 522 FHLMC loan servicing fees (1) 41 32 102 89 Other, net 159 279 630 570 Total non-interest income $ 2,782 $ 2,890 $ 8,850 $ 8,341 (1) Not in the scope of ASC 606 For the nine months ended December 31, 2018 and 2017, substantially all of the Company's revenues within the scope of ASC 606 are for performance obligations satisfied at a specified date. Revenues recognized within the scope of ASC 606 Asset management fees Debit card and ATM fees Deposit related fees Loan related fees Other Contract Balances As of December 31, 2018, the Company had no significant contract liabilities where the Company had an obligation to transfer goods or services for which the Company had already received consideration. In addition, the Company had no material unsatisfied performance obligations as of this date.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	15. 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, 2018 are listed below (in thousands): Contract or Notional Amount Commitments to originate loans: Adjustable-rate $ 17,441 Fixed-rate 6,071 Standby letters of credit 2,357 Undisbursed loan funds and unused lines of credit 152,953 Total $ 178,822 At December 31, 2018, the Company had firm commitments to sell $118,000 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 for the nine months ended December 31, 2018 and 2017. The Company is periodically a 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, 2018
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 accompanying 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, 2018 ("2018 Form 10-K"). The unaudited consolidated results of operations for the nine months ended December 31, 2018 are not necessarily indicative of the results which may be expected for the entire fiscal year ending March 31, 2019. 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. On February 17, 2017, Riverview Bancorp, Inc. and Riverview Community Bank (the "Bank") completed a purchase and assumption transaction in which the Bank purchased certain assets and assumed certain liabilities of MBank, the wholly-owned subsidiary of Merchants Bancorp (the "MBank transaction"). In addition, as part of the MBank transaction, Riverview Bancorp, Inc. assumed the obligations of Merchant Bancorp's trust preferred securities. The MBank transaction was accounted for as a business combination pursuant to GAAP. The results of operations of the acquired assets and assumed liabilities have been included in the Company's consolidated financial statements as of and for the periods since the acquisition date. See Note 3 for additional discussion. Income taxes are accounted for using the asset and liability method. Under this method, a deferred tax asset or liability is determined based on the enacted tax rates which will be in effect when the differences between the financial statement carrying amounts and tax basis of existing assets and liabilities are expected to be reported in the Company's income tax returns. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date. The Tax Cuts and Jobs Act (the "Tax Act") was enacted on December 22, 2017, and – among other provisions – lowered the federal corporate income tax rate. As a result, the Company revalued its deferred tax assets and liabilities during the third quarter of the fiscal year ended March 31, 2018. In addition, the Company utilized a blended tax rate for its fiscal year ended March 31, 2018 given the Tax Act lowered the federal corporate tax rate effective January 1, 2018. For the three and nine months ended December 31, 2018 and for the fiscal year ending March 31, 2019, the Company will utilize the enacted federal corporate income tax rate pursuant to the Tax Act. In September 2018, the Bank completed a purchase and assumption transaction in which all of the Bank's Longview, Washington branch deposits were sold to a community bank headquartered in Longview. The Bank sold approximately $3.2 million of deposits and recognized a gain on sale of these deposits of approximately $70,000 in the fiscal quarter ended September 30, 2018. This gain on sale of deposits is included in other non-interest income in the accompanying unaudited consolidated statements of income. This purchase and assumption transaction did not include the sale of any loans, or exchange of any assets or liabilities other than deposits. The Bank subsequently sold the Longview branch land and building in December 2018 and recognized a $355,000 gain on sale which is included in other non-interest expense in the accompanying unaudited statements of income for the three and nine months ended December 31, 2018. Certain prior period amounts have been reclassified to conform to the current period presentation; such reclassifications had no effect on previously reported net income or total equity.
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; and the Bank's wholly-owned subsidiaries, Riverview Services, Inc. and Riverview Trust Company (the "Trust Company") (collectively referred to as the "Company"). All inter-company transactions and balances have been eliminated in consolidation. As of December 31, 2018, the Trust Company had 2,500 Trust Company stock options outstanding which had been granted to the President and Chief Executive Officer of the Trust Company. During the three and nine months ended December 31, 2018, the Trust Company incurred $12,000 and $34,000, respectively, of stock-based compensation expense related to these options. During the year ended March 31, 2018, the Trust Company incurred $88,000 of stock-based compensation expense related to these options. None of the Trust Company stock options were exercised as of December 31, 2018.
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"), which created FASB Accounting Standards Codification ("ASC") Topic 606 ("ASC 606"). ASC 606 implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASC 606 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. ASC 606 was effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2017. The Company adopted ASC 606 on April 1, 2018 using the modified retrospective approach. Therefore, the comparative information has not been adjusted and continues to be reported under superseded ASC 605. There was no cumulative effect adjustment as of April 1, 2018, and there were no material changes to the timing or amount of revenue recognized for the nine months ended December 31, 2018; however, additional disclosures were incorporated in the Notes to the Consolidated Financial Statements upon adoption. The majority of the Company's revenue is comprised of interest income from financial assets, which is explicitly excluded from the scope of ASC 606. The Company elected to apply the practical expedient pursuant to ASC 606 and therefore does not disclose information about remaining performance obligations that have an original expected term of one year or less and allows the Company to expense costs related to obtaining a contract as incurred when the amortization period would have been one year or less. See Note 14 for additional discussion. In January 2016, the FASB issued ASU 2016-01, "Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities" ("ASU 2016-01"). ASU 2016-01 generally requires equity investments – except those accounted for under the equity method of accounting or those that result in consolidation of the investee – to be measured at fair value with changes in fair value recognized in net income. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. ASU 2016-01 is intended to simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. ASU 2016-01 also eliminates certain disclosures related to the fair value of financial instruments and requires entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. ASU 2016-01 was effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company adopted this ASU on April 1, 2018. As required by ASU 2016-01, the fair value disclosure for loans receivable was computed using an exit price notion and deposits with no stated maturity are no longer included in the fair value disclosures in Note 12. 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 ASU 2016-02 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 generally on a 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 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2018. Early application of ASU 2016-02 is permitted. In July 2018, the FASB issued ASU 2018-11, "Leases (Topic 842) Targeted Improvements" ("ASU 2018-11"). The amendments in this ASU provide entities with an additional (and optional) transition method to adopt ASU 2016-02. Under this new transition method, an entity initially applies the new leases standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Consequently, an entity's reporting for the comparative periods presented in the financial statements in which it adopts the new leases standard will continue to be in accordance with current GAAP. The effect of adoption will depend on leases at the time of adoption. Once adopted, the Company expects to report a greater amount of assets and liabilities as a result of including right-of-use assets and lease liabilities related to certain non-cancelable operating lease agreements; however, based on current leases, the adoption of ASU 2016-02 and ASU 2018-11 is not expected to have a material 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 with respect 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. In addition, ASU 2016-13 requires credit losses relating to available for sale debt securities to be recorded through an allowance for credit losses rather than as a reduction of carrying amount. ASU 2016-13 also changes the accounting for PCI debt securities and loans. ASU 2016-13 retains many of the current disclosure requirements in GAAP and expands certain disclosure requirements. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Upon adoption, the Company expects a change in the processes and procedures to calculate the allowance for loan losses, including changes in assumptions and estimates to consider expected credit losses over the life of the loan versus the current accounting practice that utilizes the incurred loss model. In addition, the current accounting policy and procedures for other-than-temporary impairment on investment securities available for sale will be replaced with an allowance approach. The Company is reviewing the requirements of ASU 2016-13 and has begun developing and implementing processes and procedures to ensure it is fully compliant with the amendments at the adoption date. At this time, management anticipates the allowance for loan losses will increase as a result of the implementation of ASU 2016-13; however, until its evaluation is complete, the magnitude of the increase will not be known. 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 eliminates 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 is 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 material impact on the Company's future consolidated financial statements. In March 2017, the FASB issued ASU 2017-08, "Receivables – Nonrefundable Fees and Other Costs: Premium Amortization on Purchased Callable Debt Securities" ("ASU 2017-08"). ASU 2017-08 shortens the amortization period for certain callable debt securities held at a premium to the earliest call date. ASU 2017-08 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The adoption of ASU 2017-08 is not expected to have a material impact on the Company's future consolidated financial statements. In February 2018, the FASB issued ASU 2018-02, "Income Statement – Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income" ("ASU 2018-02"). ASU 2018-02 allows a reclassification from accumulated other comprehensive income ("AOCI") to retained earnings for stranded tax effects resulting from the Tax Act. The amount of the reclassification would be calculated on the basis of the difference between the historical and newly enacted tax rates for deferred tax liabilities and assets related to items within AOCI. ASU 2018-02 is effective for fiscal years beginning after December 15, 2018, and early adoption is permitted. ASU 2018-02 should be applied either in the period of adoption or retrospectively to each period in which the effect of the change in the federal corporate tax rate is recognized. The Company elected to early adopt ASU 2018-02 and, as a result, reclassified $342,000 of stranded tax effects from AOCI to retained earnings in the fourth quarter of the fiscal year ended March 31, 2018. In August 2018, the FASB issued ASU 2018-13, "Fair Value Measurement: Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement" ("ASU 2018-13"). ASU 2018-13 modifies the disclosure requirements on fair value measurements. The following disclosure requirements were removed from ASC Topic 820 – Fair Value Measurement: (1) the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy; (2) the policy for timing of transfers between levels; and (3) the valuation processes for Level 3 fair value measurements. ASU 2018-13 clarifies that the measurement uncertainty disclosure is to communicate information about the uncertainty in measurement as of the reporting date. In addition, ASU 2018-13 adds new disclosure requirements for Level 3 measurements. ASU 2018-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for any removed or modified disclosures. The adoption of ASU 2018-13 is not expected to have a material impact on the Company's future consolidated financial statements. In August 2018, the FASB issued ASU 2018-15, "Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40), Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract" ("ASU 2018-15"). The amendments in ASU 2018-15 broaden the scope of ASC Subtopic 350-40 to include costs incurred to implement a hosting arrangement that is a service contract. The amendments align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The costs are capitalized or expensed depending on the nature of the costs and the project stage during which they are incurred, consistent with the accounting for internal-use software costs. The amendments in ASU 2018-15 result in consistent capitalization of implementation costs of a hosting arrangement that is a service contract and implementation costs incurred to develop or obtain internal use software (and hosting arrangements that include an internal-use software license). The accounting for the service element of a hosting arrangement that is a service contract is not affected by the amendments in ASU 2018-15. ASU 2018-15 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The adoption of ASU 2018-15 is not expected to have a material impact on the Company's future consolidated financial statements.

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	9 Months Ended
	Dec. 31, 2018
Business Combinations [Abstract]
Schedule of estimated fair values of assets acquired and liabilities assumed	At February 17, 2017 Book Value Fair Value Adjustment Estimated Fair Value Cash consideration transferred $ 12,080 Recognized amounts of identifiable assets acquired and liabilities assumed Identifiable assets acquired Cash and cash equivalents $ 27,196 $ - $ 27,196 Loans receivable 115,283 (3,258 ) 112,025 CDI - 1,363 1,363 Premises and equipment 1,769 399 2,168 BOLI 2,113 - 2,113 Accrued interest receivable and other assets 431 90 521 Total identifiable assets acquired 146,792 (1,406 ) 145,386 Liabilities assumed Deposits 130,572 235 130,807 Junior subordinated debentures 5,155 (1,468 ) 3,687 Accrued expenses and other liabilities 293 23 316 Total liabilities assumed 136,020 (1,210 ) 134,810 Total identifiable net assets acquired $ 10,772 $ (196 ) 10,576 Goodwill recognized $ 1,504

STOCK PLANS AND STOCK-BASED C_2

STOCK PLANS AND STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of stock options outstanding	Nine Months Ended December 31, 2018 Nine Months Ended December 31, 2017 Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Balance, beginning of period 141,365 $ 3.77 220,654 $ 4.74 Options exercised (28,533 ) 5.30 (41,022 ) 4.01 Expired (2,500 ) 8.12 (33,000 ) 8.49 Balance, end of period 110,332 $ 3.27 146,632 $ 4.10
Schedule of stock options outstanding, less estimated forfeitures	2018 2017 Stock options fully vested and expected to vest: Number 110,332 146,632 Weighted average exercise price $ 3.27 $ 4.10 Aggregate intrinsic value (1) $ 442,000 $ 678,000 Weighted average contractual term of options (years) 2.44 2.93 Stock options fully vested and currently exercisable: Number 110,332 146,632 Weighted average exercise price $ 3.27 $ 4.10 Aggregate intrinsic value (1) $ 442,000 $ 678,000 Weighted average contractual term of options (years) 2.44 2.93 (1)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Schedule of basic and diluted earnings per share	Three Months Ended December 31, Nine Months Ended December 31, 2018 2017 2018 2017 Basic EPS computation: Numerator-net income $ 4,388,000 $ 1,520,000 $ 13,059,000 $ 7,233,000 Denominator-weighted average common shares outstanding 22,598,712 22,537,092 22,582,956 22,520,352 Basic EPS $ 0.19 $ 0.07 $ 0.58 $ 0.32 Diluted EPS computation: Numerator-net income $ 4,388,000 $ 1,520,000 $ 13,059,000 $ 7,233,000 Denominator-weighted average common shares outstanding 22,598,712 22,537,092 22,582,956 22,520,352 Effect of dilutive stock options 65,207 85,037 75,197 88,251 Weighted average common shares and common stock equivalents 22,663,919 22,622,129 22,658,153 22,608,603 Diluted EPS $ 0.19 $ 0.07 $ 0.58 $ 0.32

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Dec. 31, 2018
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, 2018 Available for sale: Municipal securities $ 8,924 $ 2 $ (247 ) $ 8,679 Agency securities 12,423 3 (246 ) 12,180 Real estate mortgage investment conduits (1) 42,561 1 (1,111 ) 41,451 Residential mortgage-backed securities (1) 80,390 2 (2,565 ) 77,827 Other mortgage-backed securities (2) 43,620 5 (1,482 ) 42,143 Total available for sale $ 187,918 $ 13 $ (5,651 ) $ 182,280 Held to maturity: Residential mortgage-backed securities (3) $ 36 $ 1 $ - $ 37 March 31, 2018 Available for sale: Municipal securities $ 9,041 $ - $ (309 ) $ 8,732 Agency securities 22,412 1 (311 ) 22,102 Real estate mortgage investment conduits (1) 48,310 - (1,355 ) 46,955 Residential mortgage-backed securities (1) 91,786 3 (2,715 ) 89,074 Other mortgage-backed securities (2) 47,878 1 (1,521 ) 46,358 Total available for sale $ 219,427 $ 5 $ (6,211 ) $ 213,221 Held to maturity: Residential mortgage-backed securities (3) $ 42 $ 1 $ - $ 43 (1) (2) (3)
Schedule of contractual maturities of investment securities	Available for Sale Held to Maturity Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Due in one year or less $ 5,138 $ 5,111 $ - $ - Due after one year through five years 8,392 8,269 33 33 Due after five years through ten years 50,031 48,689 - - Due after ten years 124,357 120,211 3 4 Total $ 187,918 $ 182,280 $ 36 $ 37
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, 2018 Available for sale: Municipal securities $ 1,103 $ (41 ) $ 6,415 $ (206 ) $ 7,518 $ (247 ) Agency securities 1,001 (2 ) 9,164 (244 ) 10,165 (246 ) Real estate mortgage investment conduits (2) 2,126 (11 ) 39,284 (1,100 ) 41,410 (1,111 ) Residential mortgage-backed securities (2) 4,273 (64 ) 73,365 (2,501 ) 77,638 (2,565 ) Other mortgage-backed securities (3) 977 (14 ) 40,547 (1,468 ) 41,524 (1,482 ) Total available for sale $ 9,480 $ (132 ) $ 168,775 $ (5,519 ) $ 178,255 $ (5,651 ) March 31, 2018 Available for sale: Municipal securities $ 6,626 $ (236 ) $ 2,106 $ (73 ) $ 8,732 $ (309 ) Agency securities 5,301 (112 ) 15,797 (199 ) 21,098 (311 ) Real estate mortgage investment conduits (1) 31,922 (774 ) 14,983 (581 ) 46,905 (1,355 ) Residential mortgage-backed securities (2) 50,941 (1,192 ) 37,823 (1,523 ) 88,764 (2,715 ) Other mortgage-backed securities (3) 16,355 (382 ) 29,351 (1,139 ) 45,706 (1,521 ) Total available for sale $ 111,145 $ (2,696 ) $ 100,060 $ (3,515 ) $ 211,205 $ (6,211 ) (1) (2) (3)

LOANS RECEIVABLE (Tables)

LOANS RECEIVABLE (Tables)	9 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
Schedule of loans and financing receivable	December 31, 2018 March 31, 2018 Commercial and construction Commercial business $ 154,360 $ 137,672 Commercial real estate 468,361 450,597 Land 18,506 15,337 Multi-family 54,930 63,080 Real estate construction 76,518 39,584 Total commercial and construction 772,675 706,270 Consumer Real estate one-to-four family 86,240 90,109 Other installment (1) 9,721 14,997 Total consumer 95,961 105,106 Total loans 868,636 811,376 Less: Allowance for loan losses 11,502 10,766 Loans receivable, net $ 857,134 $ 800,610 (1) Consists primarily of purchased automobile loans totaling $7.2 million and $12.9 million at December 31, 2018 and March 31, 2018, respectively.

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Dec. 31, 2018
Allowance For Loan Losses [Abstract]
Schedule of reconciliation of the allowance for loan losses	Three months ended December 31, 2018 Commercial Business Commercial Real Estate Land Multi- Family Real Estate Construction Consumer Unallocated Total Beginning balance $ 1,858 $ 5,361 $ 237 $ 696 $ 1,007 $ 1,641 $ 713 $ 11,513 Provision for (recapture of) loan losses 84 (80 ) 31 19 186 (177 ) (63 ) - Charge-offs - - - - - (52 ) - (52 ) Recoveries - - - - - 41 - 41 Ending balance $ 1,942 $ 5,281 $ 268 $ 715 $ 1,193 $ 1,453 $ 650 $ 11,502 Nine months ended December 31, 2018 Beginning balance $ 1,668 $ 4,914 $ 220 $ 822 $ 618 $ 1,809 $ 715 $ 10,766 Provision for (recapture of) loan losses 274 (456 ) 48 (107 ) 575 (219 ) (65 ) 50 Charge-offs - - - - - (236 ) - (236 ) Recoveries - 823 - - - 99 - 922 Ending balance $ 1,942 $ 5,281 $ 268 $ 715 $ 1,193 $ 1,453 $ 650 $ 11,502 Three months ended December 31, 2017 Beginning balance $ 1,340 $ 5,116 $ 196 $ 504 $ 840 $ 1,890 $ 731 $ 10,617 Provision for (recapture of) loan losses (186 ) (26 ) (19 ) 295 (206 ) 81 61 - Charge-offs - - - - - (46 ) - (46 ) Recoveries 220 65 - - - 11 - 296 Ending balance $ 1,374 $ 5,155 $ 177 $ 799 $ 634 $ 1,936 $ 792 $ 10,867 Nine months ended December 31, 2017 Beginning balance $ 1,418 $ 5,084 $ 228 $ 297 $ 714 $ 2,099 $ 688 $ 10,528 Provision for (recapture of) loan losses (270 ) 40 (344 ) 502 (80 ) 48 104 - Charge-offs - - - - - (257 ) - (257 ) Recoveries 226 31 293 - - 46 - 596 Ending balance $ 1,374 $ 5,155 $ 177 $ 799 $ 634 $ 1,936 $ 792 $ 10,867
Schedule of impaired financing receivables	Allowance for loan losses Recorded investment in loans December 31, 2018 Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Commercial business $ - $ 1,942 $ 1,942 $ 163 $ 154,197 $ 154,360 Commercial real estate - 5,281 5,281 2,523 465,838 468,361 Land - 268 268 731 17,775 18,506 Multi-family - 715 715 1,606 53,324 54,930 Real estate construction - 1,193 1,193 - 76,518 76,518 Consumer 25 1,428 1,453 705 95,256 95,961 Unallocated - 650 650 - - - Total $ 25 $ 11,477 $ 11,502 $ 5,728 $ 862,908 $ 868,636 March 31, 2018 Commercial business $ - $ 1,668 $ 1,668 $ 1,004 $ 136,668 $ 137,672 Commercial real estate - 4,914 4,914 2,883 447,714 450,597 Land - 220 220 763 14,574 15,337 Multi-family - 822 822 1,644 61,436 63,080 Real estate construction - 618 618 - 39,584 39,584 Consumer 69 1,740 1,809 1,428 103,678 105,106 Unallocated - 715 715 - - - Total $ 69 $ 10,697 $ 10,766 $ 7,722 $ 803,654 $ 811,376
Schedule of analysis of loans by aging category	December 31, 2018 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 $ - $ - $ 268 $ 268 $ 154,092 $ 154,360 Commercial real estate 9 - 1,112 1,121 467,240 468,361 Land - - - - 18,506 18,506 Multi-family - - - - 54,930 54,930 Real estate construction - - - - 76,518 76,518 Consumer 462 4 228 694 95,267 95,961 Total $ 471 $ 4 $ 1,608 $ 2,083 $ 866,553 $ 868,636 March 31, 2018 Commercial business $ 7 $ - $ 178 $ 185 $ 137,487 $ 137,672 Commercial real estate - - 1,200 1,200 449,397 450,597 Land - - 763 763 14,574 15,337 Multi-family - - - - 63,080 63,080 Real estate construction - - - - 39,584 39,584 Consumer 513 - 277 790 104,316 105,106 Total $ 520 $ - $ 2,418 $ 2,938 $ 808,438 $ 811,376
Schedule of credit quality indicators	December 31, 2018 Pass Special Mention Substandard Doubtful Loss Total Loans Receivable Commercial business $ 150,099 $ 2,075 $ 2,186 $ - $ - $ 154,360 Commercial real estate 456,824 8,689 2,848 - - 468,361 Land 17,775 - 731 - - 18,506 Multi-family 54,379 530 21 - - 54,930 Real estate construction 76,518 - - - - 76,518 Consumer 95,733 - 228 - - 95,961 Total $ 851,328 $ 11,294 $ 6,014 $ - $ - $ 868,636 March 31, 2018 Commercial business $ 132,309 $ 1,976 $ 3,387 $ - $ - $ 137,672 Commercial real estate 440,123 7,489 2,985 - - 450,597 Land 14,574 - 763 - - 15,337 Multi-family 60,879 2,190 11 - - 63,080 Real estate construction 39,584 - - - - 39,584 Consumer 104,829 - 277 - - 105,106 Total $ 792,298 $ 11,655 $ 7,423 $ - $ - $ 811,376
Schedule of total and average recorded investment in impaired loans	December 31, 2018 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 $ 163 $ - $ 163 $ 183 $ - Commercial real estate 2,523 - 2,523 3,457 - Land 731 - 731 768 - Multi-family 1,606 - 1,606 1,712 - Consumer 284 421 705 817 25 Total $ 5,307 $ 421 $ 5,728 $ 6,937 $ 25 March 31, 2018 Commercial business $ 1,004 $ - $ 1,004 $ 1,062 $ - Commercial real estate 2,883 - 2,883 3,816 - Land 763 - 763 790 - Multi-family 1,644 - 1,644 1,765 - Consumer 294 1,134 1,428 1,544 69 Total $ 6,588 $ 1,134 $ 7,722 $ 8,977 $ 69 Three Months ended December 31, 2018 Three Months ended December 31, 2017 Average Recorded Investment Interest Recognized on Impaired Loans Average Recorded Investment Interest Recognized on Impaired Loans Commercial business $ 166 $ - $ 1,118 $ 9 Commercial real estate 2,539 16 3,347 20 Land 735 2 775 - Multi-family 1,613 22 1,663 23 Consumer 709 9 1,446 15 Total $ 5,762 $ 49 $ 8,349 $ 67 Nine Months ended December 31, 2018 Nine Months ended December 31, 2017 Average Recorded Investment Interest Recognized on Impaired Loans Average Recorded Investment Interest Recognized on Impaired Loans Commercial business $ 377 $ - $ 912 $ 32 Commercial real estate 2,639 48 4,510 82 Land 746 2 786 - Multi-family 1,626 66 1,674 68 Consumer 1,065 35 1,458 46 Total $ 6,453 $ 151 $ 9,340 $ 228
Schedule of TDRs by interest accrual status	December 31, 2018 March 31, 2018 Accrual Nonaccrual Total Accrual Nonaccrual Total Commercial business $ - $ 163 $ 163 $ 826 $ 178 $ 1,004 Commercial real estate 1,411 1,112 2,523 1,683 1,200 2,883 Land 731 - 731 - 763 763 Multi-family 1,606 - 1,606 1,644 - 1,644 Consumer 705 - 705 1,428 - 1,428 Total $ 4,453 $ 1,275 $ 5,728 $ 5,581 $ 2,141 $ 7,722

FEDERAL HOME LOAN BANK ADVANC_2

FEDERAL HOME LOAN BANK ADVANCES (Tables)	9 Months Ended
	Dec. 31, 2018
Federal Home Loan Banks [Abstract]
Schedule of FHLB advances	December 31, 2018 March 31, 2018 FHLB advances (1) $ 34,543 $ - Weighted average interest rate on FHLB advances (2) 2.39 % 1.60 % (1) (2) Computed based on the borrowing activity for the nine months ended December 31, 2018 and the fiscal year ended March 31, 2018, respectively.

JUNIOR SUBORDINATED DEBENTURES

JUNIOR SUBORDINATED DEBENTURES (Tables)	9 Months Ended
	Dec. 31, 2018
Junior Subordinated Debentures [Abstract]
Schedule of summary of terms and the 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 % 4.15 % 3/2036 Riverview Bancorp Statutory Trust II 06/2007 15,464 Variable (2) 7.03 % 4.14 % 9/2037 Merchants Bancorp Statutory Trust I (4) 06/2003 5,155 Variable (3) 4.16 % 5.92 % 6/2033 27,836 Fair value adjustment (4) (1,283 ) Total Debentures at fair value $ 26,553 (1) The trust preferred securities reprice quarterly based on the three-month LIBOR plus 1.36%. (2) (3) The trust preferred securities reprice quarterly based on the three-month LIBOR plus 3.10%. (4)

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Dec. 31, 2018
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, 2018 Total Estimated Fair Value Level 1 Level 2 Level 3 Investment securities available for sale: Municipal securities $ 8,679 $ - $ 8,679 $ - Agency securities 12,180 - 12,180 - Real estate mortgage investment conduits 41,451 - 41,451 - Residential mortgage-backed securities 77,827 - 77,827 - Other mortgage-backed securities 42,143 - 42,143 - Total assets measured at fair value on a recurring basis $ 182,280 $ - $ 182,280 $ - March 31, 2018 Investment securities available for sale: Municipal securities $ 8,732 $ - $ 8,732 $ - Agency securities 22,102 - 22,102 - Real estate mortgage investment conduits 46,955 - 46,955 - Residential mortgage-backed securities 89,074 - 89,074 - Other mortgage-backed securities 46,358 - 46,358 - Total assets measured at fair value on a recurring basis $ 213,221 $ - $ 213,221 $ -
Schedule of assets that are measured at estimated fair value on a nonrecurring basis	Estimated Fair Value Measurements Using December 31, 2018 Total Estimated Fair Value Level 1 Level 2 Level 3 Impaired loans $ 396 $ - $ - $ 396 March 31, 2018 Impaired loans $ 2,143 $ - $ - $ 2,143
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 Impaired loans Appraised value or discounted cash flows Adjustment for market conditions or discount rate N/A (1) 5.25% - 8.0% (1)
Schedule of carrying amount and estimated fair value of financial instruments	December 31, 2018 Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value Assets: Cash and cash equivalents $ 23,394 $ 23,394 $ - $ - $ 23,394 Certificates of deposit held for investment 747 - 738 - 738 Investment securities available for sale 182,280 - 182,280 - 182,280 Investment securities held to maturity 36 - 37 - 37 Loans receivable, net 857,134 - - 848,906 848,906 FHLB stock 2,735 - 2,735 - 2,735 Liabilities: Time deposits 95,809 - 93,818 - 93,818 FHLB advances 34,543 - 34,543 - 34,543 Junior subordinated debentures 26,553 - - 15,849 15,849 Capital lease obligation 2,410 - 2,410 - 2,410 March 31, 2018 Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value Assets: Cash and cash equivalents $ 44,767 $ 44,767 $ - $ - $ 44,767 Certificates of deposit held for investment 5,967 - 5,959 - 5,959 Loans held for sale 210 - 210 - 210 Investment securities available for sale 213,221 - 213,221 - 213,221 Investment securities held to maturity 42 - 43 - 43 Loans receivable, net 800,610 - - 792,916 792,916 FHLB stock 1,353 - 1,353 - 1,353 Liabilities: Time deposits 123,144 - 120,940 - 120,940 Junior subordinated debentures 26,484 - - 15,274 15,274 Capital lease obligation 2,431 - 2,431 - 2,431

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	9 Months Ended
	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Schedule of non-interest income disaggregated by type of service	Three Months Ended December 31, Nine Months Ended December 31, 2018 2017 2018 2017 Asset management fees $ 935 $ 911 $ 2,804 $ 2,582 Debit card and ATM fees 799 733 2,382 2,227 Deposit related fees 436 404 1,313 1,227 Loan related fees 138 184 796 506 BOLI (1) 192 207 545 618 Net gains on sales of loans held for sale (1) 82 140 278 522 FHLMC loan servicing fees (1) 41 32 102 89 Other, net 159 279 630 570 Total non-interest income $ 2,782 $ 2,890 $ 8,850 $ 8,341 (1) Not in the scope of ASC 606

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of significant off-balance sheet commitments	Contract or Notional Amount Commitments to originate loans: Adjustable-rate $ 17,441 Fixed-rate 6,071 Standby letters of credit 2,357 Undisbursed loan funds and unused lines of credit 152,953 Total $ 178,822

BASIS OF PRESENTATION (Detail T

BASIS OF PRESENTATION (Detail Textuals) - USD ($)	6 Months Ended	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2018
Basis Of Presentation [Abstract]
Bank sold deposits	$ 3,200,000
Gain on sale of deposits	$ 70,000
Gain on sale of Longview branch land and building		$ 355,000

PRINCIPLES OF CONSOLIDATION (De

PRINCIPLES OF CONSOLIDATION (Detail Textuals) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Principles Of Consolidation [Line Items]
Stock options outstanding	110,332	110,332	141,365	146,632	220,654
Stock-based compensation		$ 34,000
Equity option
Principles Of Consolidation [Line Items]
Stock-based compensation	$ 12,000	$ 34,000	$ 88,000
President and Chief Executive Officer | Equity option
Principles Of Consolidation [Line Items]
Stock options outstanding	2,500	2,500

BUSINESS COMBINATIONS (Details)

BUSINESS COMBINATIONS (Details) - USD ($) $ in Thousands	1 Months Ended
	Feb. 17, 2017	Dec. 31, 2018	Mar. 31, 2018
Liabilities assumed
Goodwill recognized		$ 27,076	$ 27,076
Merchants Bancorp
Business Acquisition [Line Items]
Cash consideration transferred	$ 12,100
Merchants Bancorp | Book Value
Identifiable assets acquired
Cash and cash equivalents	27,196
Loans receivable	115,283
CDI	0
Premises and equipment	1,769
BOLI	2,113
Accrued interest receivable and other assets	431
Total identifiable assets acquired	146,792
Liabilities assumed
Deposits	130,572
Junior subordinated debentures	5,155
Accrued expenses and other liabilities	293
Total liabilities assumed	136,020
Total identifiable net assets acquired	10,772
Merchants Bancorp | Fair Value Adjustment
Identifiable assets acquired
Cash and cash equivalents	0
Loans receivable	(3,258)
CDI	1,363
Premises and equipment	399
BOLI	0
Accrued interest receivable and other assets	90
Total identifiable assets acquired	(1,406)
Liabilities assumed
Deposits	235
Junior subordinated debentures	(1,468)
Accrued expenses and other liabilities	23
Total liabilities assumed	(1,210)
Total identifiable net assets acquired	(196)
Merchants Bancorp | Estimated Fair Value
Business Acquisition [Line Items]
Cash consideration transferred	12,080
Identifiable assets acquired
Cash and cash equivalents	27,196
Loans receivable	112,025
CDI	1,363
Premises and equipment	2,168
BOLI	2,113
Accrued interest receivable and other assets	521
Total identifiable assets acquired	145,386
Liabilities assumed
Deposits	130,807
Junior subordinated debentures	3,687
Accrued expenses and other liabilities	316
Total liabilities assumed	134,810
Total identifiable net assets acquired	10,576
Goodwill recognized	$ 1,504

BUSINESS COMBINATIONS (Detail T

BUSINESS COMBINATIONS (Detail Textuals) $ in Millions	1 Months Ended
	Feb. 17, 2017USD ($)
Merchants Bancorp
Business Acquisition [Line Items]
Cash consideration transferred	$ 12.1

STOCK PLANS AND STOCK-BASED C_3

STOCK PLANS AND STOCK-BASED COMPENSATION (Details) - $ / shares	9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Number of Shares
Balance, beginning of period	141,365	220,654
Options exercised	(28,533)	(41,022)
Expired	(2,500)	(33,000)
Balance, end of period	110,332	146,632
Weighted Average Exercise Price
Balance, beginning of period	$ 3.77	$ 4.74
Options exercised	5.3	4.01
Expired	8.12	8.49
Balance, end of period	$ 3.27	$ 4.10

STOCK PLANS AND STOCK-BASED C_4

STOCK PLANS AND STOCK-BASED COMPENSATION (Details 1) - USD ($)		9 Months Ended
		Dec. 31, 2018	Dec. 31, 2017
Stock options fully vested and expected to vest:
Number		110,332	146,632
Weighted average exercise price		$ 3.27	$ 4.10
Aggregate intrinsic value	[1]	$ 442,000	$ 678,000
Weighted average contractual term of options (years)		2 years 5 months 9 days	2 years 11 months 5 days
Stock options fully vested and currently exercisable:
Number		110,332	146,632
Weighted average exercise price		$ 3.27	$ 4.10
Aggregate intrinsic value	[1]	$ 442,000	$ 678,000
Weighted average contractual term of options (years)		2 years 5 months 9 days	2 years 11 months 5 days
[1]	The aggregate intrinsic value of a stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price) that would have been received by the option holders had all option holders exercised. This amount changes based on changes in the market value of the Company's stock.

STOCK PLANS AND STOCK-BASED C_5

STOCK PLANS AND STOCK-BASED COMPENSATION (Detail Textuals) - USD ($)	9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Jul. 17, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of issuance of common stock			1,800,000
Total intrinsic value of stock options exercised	$ 118,000	$ 170,000

EARNINGS PER SHARE_ Earnings Pe

EARNINGS PER SHARE: Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Basic EPS computation:
Numerator-net income (in dollars)	$ 4,388	$ 1,520	$ 13,059	$ 7,233
Denominator-weighted average common shares outstanding	22,598,712	22,537,092	22,582,956	22,520,352
Basic EPS (in dollars per share)	$ 0.19	$ 0.07	$ 0.58	$ 0.32
Diluted EPS computation:
Numerator-net income (in dollars)	$ 4,388	$ 1,520	$ 13,059	$ 7,233
Denominator-weighted average common shares outstanding	22,598,712	22,537,092	22,582,956	22,520,352
Effect of dilutive stock options	65,207	85,037	75,197	88,251
Weighted average common shares and common stock equivalents	22,663,919	22,622,129	22,658,153	22,608,603
Diluted EPS (in dollars per share)	$ 0.19	$ 0.07	$ 0.58	$ 0.32

EARNINGS PER SHARE (Detail Text

EARNINGS PER SHARE (Detail Textuals) - shares	3 Months Ended	9 Months Ended
	Dec. 31, 2017	Dec. 31, 2017
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	5,000	12,000

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands		Dec. 31, 2018	Mar. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		$ 187,918	$ 219,427
Gross Unrealized Gains		13	5
Gross Unrealized Losses		(5,651)	(6,211)
Estimated Fair Value		182,280	213,221
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		8,924	9,041
Gross Unrealized Gains		2	0
Gross Unrealized Losses		(247)	(309)
Estimated Fair Value		8,679	8,732
Agency securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		12,423	22,412
Gross Unrealized Gains		3	1
Gross Unrealized Losses		(246)	(311)
Estimated Fair Value		12,180	22,102
Real estate mortgage investment conduits
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	[1]	42,561	48,310
Gross Unrealized Gains	[1]	1	0
Gross Unrealized Losses	[1]	(1,111)	(1,355)
Estimated Fair Value	[1]	41,451	46,955
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	[1]	80,390	91,786
Gross Unrealized Gains	[1]	2	3
Gross Unrealized Losses	[1]	(2,565)	(2,715)
Estimated Fair Value	[1]	77,827	89,074
Other mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	[2]	43,620	47,878
Gross Unrealized Gains	[2]	5	1
Gross Unrealized Losses	[2]	(1,482)	(1,521)
Estimated Fair Value	[2]	$ 42,143	$ 46,358
[1]	Comprised of Federal Home Loan Mortgage Corporation ("FHLMC"), Federal National Mortgage Association ("FNMA") and Ginnie Mae ("GNMA") issued securities.
[2]	Comprised of U.S. Small Business Administration ("SBA") issued securities and commercial real estate ("CRE") secured securities issued by FNMA.

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands		Dec. 31, 2018	Mar. 31, 2018
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost		$ 36	$ 42
Residential mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	[1]	36	42
Gross Unrealized Gains	[1]	1	1
Gross Unrealized Losses	[1]	0	0
Estimated Fair Value	[1]	$ 37	$ 43
[1]	Comprised of FHLMC and FNMA issued securities.

INVESTMENT SECURITIES (Detail_2

INVESTMENT SECURITIES (Details 2) $ in Thousands	Dec. 31, 2018USD ($)
Available for Sale, Amortized Cost
Due in one year or less	$ 5,138
Due after one year through five years	8,392
Due after five years through ten years	50,031
Due after ten years	124,357
Total, Amortized Cost	187,918
Available for Sale, Estimated Fair Value
Due in one year or less	5,111
Due after one year through five years	8,269
Due after five years through ten years	48,689
Due after ten years	120,211
Total, Estimated Fair Value	$ 182,280

INVESTMENT SECURITIES (Detail_3

INVESTMENT SECURITIES (Details 3) $ in Thousands	Dec. 31, 2018USD ($)
Held to Maturity, Amortized Cost
Due in one year or less	$ 0
Due after one year through five years	33
Due after five years through ten years	0
Due after ten years	3
Total, Amortized Cost	36
Held to Maturity, Estimated Fair Value
Due in one year or less	0
Due after one year through five years	33
Due after five years through ten years	0
Due after ten years	4
Total, Estimated Fair Value	$ 37

INVESTMENT SECURITIES (Detail_4

INVESTMENT SECURITIES (Details 4) - USD ($) $ in Thousands		Dec. 31, 2018		Mar. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Estimated Fair Value		$ 9,480		$ 111,145
Less than 12 months, Unrealized Losses		(132)		(2,696)
12 months or longer, Estimated Fair Value		168,775		100,060
12 months or longer, Unrealized Losses		(5,519)		(3,515)
Total, Estimated Fair Value		178,255		211,205
Total, Unrealized Losses		(5,651)		(6,211)
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Estimated Fair Value		1,103		6,626
Less than 12 months, Unrealized Losses		(41)		(236)
12 months or longer, Estimated Fair Value		6,415		2,106
12 months or longer, Unrealized Losses		(206)		(73)
Total, Estimated Fair Value		7,518		8,732
Total, Unrealized Losses		(247)		(309)
Agency securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Estimated Fair Value		1,001		5,301
Less than 12 months, Unrealized Losses		(2)		(112)
12 months or longer, Estimated Fair Value		9,164		15,797
12 months or longer, Unrealized Losses		(244)		(199)
Total, Estimated Fair Value		10,165		21,098
Total, Unrealized Losses		(246)		(311)
Real estate mortgage investment conduits
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Estimated Fair Value		2,126	[1]	31,922	[2]
Less than 12 months, Unrealized Losses		(11)	[1]	(774)	[2]
12 months or longer, Estimated Fair Value		39,284	[1]	14,983	[2]
12 months or longer, Unrealized Losses		(1,100)	[1]	(581)	[2]
Total, Estimated Fair Value		41,410	[1]	46,905	[2]
Total, Unrealized Losses		(1,111)	[1]	(1,355)	[2]
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Estimated Fair Value	[1]	4,273		50,941
Less than 12 months, Unrealized Losses	[1]	(64)		(1,192)
12 months or longer, Estimated Fair Value	[1]	73,365		37,823
12 months or longer, Unrealized Losses	[1]	(2,501)		(1,523)
Total, Estimated Fair Value	[1]	77,638		88,764
Total, Unrealized Losses	[1]	(2,565)		(2,715)
Other mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Estimated Fair Value	[3]	977		16,355
Less than 12 months, Unrealized Losses	[3]	(14)		(382)
12 months or longer, Estimated Fair Value	[3]	40,547		29,351
12 months or longer, Unrealized Losses	[3]	(1,468)		(1,139)
Total, Estimated Fair Value	[3]	41,524		45,706
Total, Unrealized Losses	[3]	$ (1,482)		$ (1,521)
[1]	Comprised of FHLMC, FNMA and GNMA issued securities
[2]	Comprised of FHLMC and FNMA issued securities.
[3]	Comprised of SBA issued and CRE secured securities issued by FNMA.

INVESTMENT SECURITIES (Detail T

INVESTMENT SECURITIES (Detail Textuals) - Investment securities available for sale - USD ($) $ in Millions	Dec. 31, 2018	Mar. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Pledged as collateral at amortized cost	$ 6	$ 3.7
Pledged as collateral at fair value	$ 5.8	$ 3.6

LOANS RECEIVABLE_ Loans receiva

LOANS RECEIVABLE: Loans receivable, excluding loans held for sale (Details) - USD ($) $ in Thousands		Dec. 31, 2018	Sep. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Mar. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		$ 868,636		$ 811,376
Less: Allowance for loan losses		11,502	$ 11,513	10,766	$ 10,867	$ 10,617	$ 10,528
Loans receivable, net		857,134		800,610
Commercial and construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		772,675		706,270
Commercial and construction | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		154,360		137,672
Less: Allowance for loan losses		1,942	1,858	1,668	1,374	1,340	1,418
Commercial and construction | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		468,361		450,597
Less: Allowance for loan losses		5,281	5,361	4,914	5,155	5,116	5,084
Commercial and construction | Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		18,506		15,337
Less: Allowance for loan losses		268	237	220	177	196	228
Commercial and construction | Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		54,930		63,080
Less: Allowance for loan losses		715	696	822	799	504	297
Commercial and construction | Real estate construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		76,518		39,584
Less: Allowance for loan losses		1,193	1,007	618	634	840	714
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		95,961		105,106
Less: Allowance for loan losses		1,453	$ 1,641	1,809	$ 1,936	$ 1,890	$ 2,099
Consumer | Real estate one-to-four family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		86,240		90,109
Consumer | Other installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	[1]	$ 9,721		$ 14,997
[1]	Consists primarily of purchased automobile loans totaling $7.2 million and $12.9 million at December 31, 2018 and March 31, 2018, respectively.

LOANS RECEIVABLE (Detail Textua

LOANS RECEIVABLE (Detail Textuals) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2018	Mar. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net deferred loan fees	$ 4,200	$ 3,600
Discount on Loans receivable	1,700	2,200
Premiums on Loans receivable	1,800	2,000
Loans pledged as collateral	$ 520,000
Percentage of loans and extensions of credit outstanding	15.00%
Total loans	$ 868,636	811,376
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	95,961	105,106
Automobile loan | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 7,200	$ 12,900

ALLOWANCE FOR LOAN LOSSES_ Reco

ALLOWANCE FOR LOAN LOSSES: Reconciliation of the allowance for loan losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 11,513	$ 10,617	$ 10,766	$ 10,528
Provision for (recapture of) loan losses	0	0	50	0
Charge-offs	(52)	(46)	(236)	(257)
Recoveries	41	296	922	596
Ending balance	11,502	10,867	11,502	10,867
Commercial and construction | Commercial Business
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,858	1,340	1,668	1,418
Provision for (recapture of) loan losses	84	(186)	274	(270)
Charge-offs	0	0	0	0
Recoveries	0	220	0	226
Ending balance	1,942	1,374	1,942	1,374
Commercial and construction | Commercial Real Estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	5,361	5,116	4,914	5,084
Provision for (recapture of) loan losses	(80)	(26)	(456)	40
Charge-offs	0	0	0	0
Recoveries	0	65	823	31
Ending balance	5,281	5,155	5,281	5,155
Commercial and construction | Land
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	237	196	220	228
Provision for (recapture of) loan losses	31	(19)	48	(344)
Charge-offs	0	0	0	0
Recoveries	0	0	0	293
Ending balance	268	177	268	177
Commercial and construction | Multi-Family
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	696	504	822	297
Provision for (recapture of) loan losses	19	295	(107)	502
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Ending balance	715	799	715	799
Commercial and construction | Real Estate Construction
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,007	840	618	714
Provision for (recapture of) loan losses	186	(206)	575	(80)
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Ending balance	1,193	634	1,193	634
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,641	1,890	1,809	2,099
Provision for (recapture of) loan losses	(177)	81	(219)	48
Charge-offs	(52)	(46)	(236)	(257)
Recoveries	41	11	99	46
Ending balance	1,453	1,936	1,453	1,936
Unallocated
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	713	731	715	688
Provision for (recapture of) loan losses	(63)	61	(65)	104
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Ending balance	$ 650	$ 792	$ 650	$ 792

ALLOWANCE FOR LOAN LOSSES_ Impa

ALLOWANCE FOR LOAN LOSSES: Impaired Financing Receivables (Details 1) - USD ($) $ in Thousands	Dec. 31, 2018	Mar. 31, 2018
Allowance for loan losses
Individually Evaluated for Impairment	$ 25	$ 69
Collectively Evaluated for Impairment	11,477	10,697
Total	11,502	10,766
Recorded investment in loans
Individually Evaluated for Impairment	5,728	7,722
Collectively Evaluated for Impairment	862,908	803,654
Total	868,636	811,376
Commercial and construction | Commercial business
Allowance for loan losses
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	1,942	1,668
Total	1,942	1,668
Recorded investment in loans
Individually Evaluated for Impairment	163	1,004
Collectively Evaluated for Impairment	154,197	136,668
Total	154,360	137,672
Commercial and construction | Commercial real estate
Allowance for loan losses
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	5,281	4,914
Total	5,281	4,914
Recorded investment in loans
Individually Evaluated for Impairment	2,523	2,883
Collectively Evaluated for Impairment	465,838	447,714
Total	468,361	450,597
Commercial and construction | Land
Allowance for loan losses
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	268	220
Total	268	220
Recorded investment in loans
Individually Evaluated for Impairment	731	763
Collectively Evaluated for Impairment	17,775	14,574
Total	18,506	15,337
Commercial and construction | Multi-family
Allowance for loan losses
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	715	822
Total	715	822
Recorded investment in loans
Individually Evaluated for Impairment	1,606	1,644
Collectively Evaluated for Impairment	53,324	61,436
Total	54,930	63,080
Commercial and construction | Real estate construction
Allowance for loan losses
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	1,193	618
Total	1,193	618
Recorded investment in loans
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	76,518	39,584
Total	76,518	39,584
Consumer
Allowance for loan losses
Individually Evaluated for Impairment	25	69
Collectively Evaluated for Impairment	1,428	1,740
Total	1,453	1,809
Recorded investment in loans
Individually Evaluated for Impairment	705	1,428
Collectively Evaluated for Impairment	95,256	103,678
Total	95,961	105,106
Unallocated
Allowance for loan losses
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	650	715
Total	650	715
Recorded investment in loans
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	0	0
Total	$ 0	$ 0

ALLOWANCE FOR LOAN LOSSES_ Fina

ALLOWANCE FOR LOAN LOSSES: Financing Receivables, Aging of Loans (Details 2) - USD ($) $ in Thousands	Dec. 31, 2018	Mar. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual	$ 1,608	$ 2,418
Total Past Due and Non-accrual	2,083	2,938
Current	866,553	808,438
Total Loans Receivable	868,636	811,376
30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	471	520
90 Days and Greater Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	4	0
Commercial and construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	772,675	706,270
Commercial and construction | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual	268	178
Total Past Due and Non-accrual	268	185
Current	154,092	137,487
Total Loans Receivable	154,360	137,672
Commercial and construction | Commercial business | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	7
Commercial and construction | Commercial business | 90 Days and Greater Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	0
Commercial and construction | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual	1,112	1,200
Total Past Due and Non-accrual	1,121	1,200
Current	467,240	449,397
Total Loans Receivable	468,361	450,597
Commercial and construction | Commercial real estate | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	9	0
Commercial and construction | Commercial real estate | 90 Days and Greater Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	0
Commercial and construction | Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual	0	763
Total Past Due and Non-accrual	0	763
Current	18,506	14,574
Total Loans Receivable	18,506	15,337
Commercial and construction | Land | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	0
Commercial and construction | Land | 90 Days and Greater Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	0
Commercial and construction | Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual	0	0
Total Past Due and Non-accrual	0	0
Current	54,930	63,080
Total Loans Receivable	54,930	63,080
Commercial and construction | Multi-family | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	0
Commercial and construction | Multi-family | 90 Days and Greater Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	0
Commercial and construction | Real estate construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual	0	0
Total Past Due and Non-accrual	0	0
Current	76,518	39,584
Total Loans Receivable	76,518	39,584
Commercial and construction | Real estate construction | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	0
Commercial and construction | Real estate construction | 90 Days and Greater Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	0
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual	228	277
Total Past Due and Non-accrual	694	790
Current	95,267	104,316
Total Loans Receivable	95,961	105,106
Consumer | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	462	513
Consumer | 90 Days and Greater Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	$ 4	$ 0

ALLOWANCE FOR LOAN LOSSES_ Cred

ALLOWANCE FOR LOAN LOSSES: Credit Quality Indicators (Details 3) - USD ($) $ in Thousands	Dec. 31, 2018	Mar. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	$ 868,636	$ 811,376
Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	851,328	792,298
Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	11,294	11,655
Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	6,014	7,423
Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	0	0
Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	0	0
Commercial and construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	772,675	706,270
Commercial and construction | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	154,360	137,672
Commercial and construction | Commercial business | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	150,099	132,309
Commercial and construction | Commercial business | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	2,075	1,976
Commercial and construction | Commercial business | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	2,186	3,387
Commercial and construction | Commercial business | Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	0	0
Commercial and construction | Commercial business | Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	0	0
Commercial and construction | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	468,361	450,597
Commercial and construction | Commercial real estate | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	456,824	440,123
Commercial and construction | Commercial real estate | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	8,689	7,489
Commercial and construction | Commercial real estate | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	2,848	2,985
Commercial and construction | Commercial real estate | Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	0	0
Commercial and construction | Commercial real estate | Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	0	0
Commercial and construction | Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	18,506	15,337
Commercial and construction | Land | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	17,775	14,574
Commercial and construction | Land | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	0	0
Commercial and construction | Land | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	731	763
Commercial and construction | Land | Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	0	0
Commercial and construction | Land | Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	0	0
Commercial and construction | Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	54,930	63,080
Commercial and construction | Multi-family | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	54,379	60,879
Commercial and construction | Multi-family | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	530	2,190
Commercial and construction | Multi-family | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	21	11
Commercial and construction | Multi-family | Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	0	0
Commercial and construction | Multi-family | Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	0	0
Commercial and construction | Real estate construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	76,518	39,584
Commercial and construction | Real estate construction | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	76,518	39,584
Commercial and construction | Real estate construction | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	0	0
Commercial and construction | Real estate construction | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	0	0
Commercial and construction | Real estate construction | Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	0	0
Commercial and construction | Real estate construction | Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	0	0
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	95,961	105,106
Consumer | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	95,733	104,829
Consumer | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	0	0
Consumer | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	228	277
Consumer | Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	0	0
Consumer | Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	$ 0	$ 0

ALLOWANCE FOR LOAN LOSSES_ Im_2

ALLOWANCE FOR LOAN LOSSES: Impaired Financing Receivables (Details 4) - USD ($) $ in Thousands	Dec. 31, 2018	Mar. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with No Specific Valuation Allowance	$ 5,307	$ 6,588
Recorded Investment with Specific Valuation Allowance	421	1,134
Total Recorded Investment	5,728	7,722
Unpaid Principal Balance	6,937	8,977
Related Specific Valuation Allowance	25	69
Commercial and construction | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with No Specific Valuation Allowance	163	1,004
Recorded Investment with Specific Valuation Allowance	0	0
Total Recorded Investment	163	1,004
Unpaid Principal Balance	183	1,062
Related Specific Valuation Allowance	0	0
Commercial and construction | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with No Specific Valuation Allowance	2,523	2,883
Recorded Investment with Specific Valuation Allowance	0	0
Total Recorded Investment	2,523	2,883
Unpaid Principal Balance	3,457	3,816
Related Specific Valuation Allowance	0	0
Commercial and construction | Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with No Specific Valuation Allowance	731	763
Recorded Investment with Specific Valuation Allowance	0	0
Total Recorded Investment	731	763
Unpaid Principal Balance	768	790
Related Specific Valuation Allowance	0	0
Commercial and construction | Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with No Specific Valuation Allowance	1,606	1,644
Recorded Investment with Specific Valuation Allowance	0	0
Total Recorded Investment	1,606	1,644
Unpaid Principal Balance	1,712	1,765
Related Specific Valuation Allowance	0	0
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with No Specific Valuation Allowance	284	294
Recorded Investment with Specific Valuation Allowance	421	1,134
Total Recorded Investment	705	1,428
Unpaid Principal Balance	817	1,544
Related Specific Valuation Allowance	$ 25	$ 69

ALLOWANCE FOR LOAN LOSSES_ Im_3

ALLOWANCE FOR LOAN LOSSES: Impaired Loans, Average Recorded Investment and Interest Recognized (Details 5) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	$ 5,762	$ 8,349	$ 6,453	$ 9,340
Interest Recognized on Impaired Loans	49	67	151	228
Commercial and construction | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	166	1,118	377	912
Interest Recognized on Impaired Loans	0	9	0	32
Commercial and construction | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	2,539	3,347	2,639	4,510
Interest Recognized on Impaired Loans	16	20	48	82
Commercial and construction | Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	735	775	746	786
Interest Recognized on Impaired Loans	2	0	2	0
Commercial and construction | Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	1,613	1,663	1,626	1,674
Interest Recognized on Impaired Loans	22	23	66	68
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	709	1,446	1,065	1,458
Interest Recognized on Impaired Loans	$ 9	$ 15	$ 35	$ 46

ALLOWANCE FOR LOAN LOSSES_ TDRs

ALLOWANCE FOR LOAN LOSSES: TDRs by Interest Accrual Status (Details 6) - USD ($) $ in Thousands	Dec. 31, 2018	Mar. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual	$ 4,453	$ 5,581
Nonaccrual	1,275	2,141
Total	5,728	7,722
Commercial and construction | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual	0	826
Nonaccrual	163	178
Total	163	1,004
Commercial and construction | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual	1,411	1,683
Nonaccrual	1,112	1,200
Total	2,523	2,883
Commercial and construction | Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual	731	0
Nonaccrual	0	763
Total	731	763
Commercial and construction | Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual	1,606	1,644
Nonaccrual	0	0
Total	1,606	1,644
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual	705	1,428
Nonaccrual	0	0
Total	$ 705	$ 1,428

ALLOWANCE FOR LOAN LOSSES (Deta

ALLOWANCE FOR LOAN LOSSES (Detail Textuals) - USD ($)	9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income foregone on non-accrual loans	$ 75,000	$ 78,000
Percentage of delinquent loan amount	75.00%

FEDERAL HOME LOAN BANK ADVANC_3

FEDERAL HOME LOAN BANK ADVANCES (Details) - USD ($) $ in Thousands		Dec. 31, 2018	Mar. 31, 2018
Federal Home Loan Banks [Abstract]
FHLB advances	[1]	$ 34,543
Weighted average interest rate on FHLB advances	[2]	2.39%	1.60%
[1]	Consisted of overnight borrowings.
[2]	Computed based on the borrowing activity for the nine months ended December 31, 2018 and the fiscal year ended March 31, 2018, respectively.

JUNIOR SUBORDINATED DEBENTURES_

JUNIOR SUBORDINATED DEBENTURES: Terms of the current Debentures (Details) - USD ($) $ in Thousands		9 Months Ended
		Dec. 31, 2018	Mar. 31, 2018
Debt Instrument [Line Items]
Amount Outstanding		$ 27,836
Fair value adjustment	[1]	(1,283)
Junior subordinated debentures		$ 26,553	$ 26,484
Riverview Bancorp Statutory Trust I
Debt Instrument [Line Items]
Issuance Date		12/2005
Amount Outstanding		$ 7,217
Rate Type	[2]	Variable
Initial Rate		5.88%
Current Rate		4.15%
Maturity Date		3/2036
Riverview Bancorp Statutory Trust II
Debt Instrument [Line Items]
Issuance Date		06/2007
Amount Outstanding		$ 15,464
Rate Type	[3]	Variable
Initial Rate		7.03%
Current Rate		4.14%
Maturity Date		9/2037
Merchants Bancorp Statutory Trust I
Debt Instrument [Line Items]
Issuance Date	[1]	06/2003
Amount Outstanding	[1]	$ 5,155
Rate Type	[1],[4]	Variable
Initial Rate	[1]	4.16%
Current Rate	[1]	5.92%
Maturity Date	[1]	6/2033
[1]	Amount, net of accretion, attributable to the MBank transaction. See Note 3.
[2]	The trust preferred securities reprice quarterly based on the three-month LIBOR plus 1.36%.
[3]	The trust preferred securities reprice quarterly based on the three-month LIBOR plus 1.35%.
[4]	The trust preferred securities reprice quarterly based on the three-month LIBOR plus 3.10%.

JUNIOR SUBORDINATED DEBENTURE_2

JUNIOR SUBORDINATED DEBENTURES (Detail Textuals)	9 Months Ended
	Dec. 31, 2018USD ($)Quarter	Mar. 31, 2018USD ($)
Debt Instrument [Line Items]
Maximum number of consecutive quarters for deferred payment of each debenture | Quarter	20
Debentures issued to grantor trusts	$ 26,600,000	$ 26,500,000
Common securities issued by grantor trusts	$ 836,000	$ 836,000
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
Merchants Bancorp Statutory Trust I
Debt Instrument [Line Items]
Interest basis spread on variable rate	3.10%
Description of variable rate	three-month LIBOR

FAIR VALUE MEASUREMENTS_ Fair V

FAIR VALUE MEASUREMENTS: Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - Recurring basis - USD ($) $ in Thousands	Dec. 31, 2018	Mar. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	$ 182,280	$ 213,221
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	8,679	8,732
Agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	12,180	22,102
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 recurring basis	41,451	46,955
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 recurring basis	77,827	89,074
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 recurring basis	42,143	46,358
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	0	0
Level 1 | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	0	0
Level 1 | Agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	0	0
Level 1 | 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 recurring basis	0	0
Level 1 | 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 recurring basis	0	0
Level 1 | 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 recurring basis	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	182,280	213,221
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 recurring basis	8,679	8,732
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 recurring basis	12,180	22,102
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 recurring basis	41,451	46,955
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 recurring basis	77,827	89,074
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 recurring basis	42,143	46,358
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	0	0
Level 3 | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	0	0
Level 3 | Agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	0	0
Level 3 | 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 recurring basis	0	0
Level 3 | 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 recurring basis	0	0
Level 3 | 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 recurring basis	$ 0	$ 0

FAIR VALUE MEASUREMENTS_ Assets

FAIR VALUE MEASUREMENTS: Assets measured at fair value on a non-recurring basis (Details 1) - Nonrecurring basis - Impaired loans - USD ($) $ in Thousands	Dec. 31, 2018	Mar. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total nonrecurring assets measured at fair value	$ 396	$ 2,143
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total nonrecurring assets measured at fair value	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total nonrecurring assets measured at fair value	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total nonrecurring assets measured at fair value	$ 396	$ 2,143

FAIR VALUE MEASUREMENTS_ Level

FAIR VALUE MEASUREMENTS: Level 3 inputs for financial instruments measured at fair value (Details 2) - Nonrecurring basis - Level 3 - Impaired loans - Appraised value or discounted cash flows - Adjustment for market conditions or discount rate	9 Months Ended
	Dec. 31, 2018	[1]
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans Measurement Input	5.25%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans Measurement Input	8.00%
[1]	There were no adjustments to appraised values of impaired loans as of December 31, 2018 and March 31, 2018.

FAIR VALUE MEASUREMENTS_ Fair_2

FAIR VALUE MEASUREMENTS: Fair Value, Option, Quantitative Disclosures (Details 3) - USD ($) $ in Thousands	Dec. 31, 2018	Mar. 31, 2018
Estimated Fair Value | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 23,394	$ 44,767
Estimated Fair Value | Certificates of deposit held for investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	738	5,959
Estimated Fair Value | Loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		210
Estimated Fair Value | Investment securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	182,280	213,221
Estimated Fair Value | Investment securities held to maturity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	37	43
Estimated Fair Value | Loans receivable, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	848,906	792,916
Estimated Fair Value | FHLB stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	2,735	1,353
Estimated Fair Value | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	93,818	120,940
Estimated Fair Value | FHLB advances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	34,543
Estimated Fair Value | Junior subordinated debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	15,849	15,274
Estimated Fair Value | Capital lease obligation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	2,410	2,431
Carrying Amount | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	23,394	44,767
Carrying Amount | Certificates of deposit held for investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	747	5,967
Carrying Amount | Loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		210
Carrying Amount | Investment securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	182,280	213,221
Carrying Amount | Investment securities held to maturity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	36	42
Carrying Amount | Loans receivable, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	857,134	800,610
Carrying Amount | FHLB stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	2,735	1,353
Carrying Amount | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	95,809	123,144
Carrying Amount | FHLB advances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	34,543
Carrying Amount | Junior subordinated debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	26,553	26,484
Carrying Amount | Capital lease obligation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	2,410	2,431
Level 1 | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	23,394	44,767
Level 1 | Certificates of deposit held for investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Level 1 | Loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		0
Level 1 | Investment securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Level 1 | Investment securities held to maturity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Level 1 | Loans receivable, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Level 1 | FHLB stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Level 1 | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	0	0
Level 1 | FHLB advances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	0
Level 1 | Junior subordinated debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	0	0
Level 1 | Capital lease obligation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	0	0
Level 2 | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Level 2 | Certificates of deposit held for investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	738	5,959
Level 2 | Loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		210
Level 2 | Investment securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	182,280	213,221
Level 2 | Investment securities held to maturity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	37	43
Level 2 | Loans receivable, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Level 2 | FHLB stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	2,735	1,353
Level 2 | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	93,818	120,940
Level 2 | FHLB advances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	34,543
Level 2 | Junior subordinated debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	0	0
Level 2 | Capital lease obligation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	2,410	2,431
Level 3 | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Level 3 | Certificates of deposit held for investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Level 3 | Loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		0
Level 3 | Investment securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Level 3 | Investment securities held to maturity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Level 3 | Loans receivable, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	848,906	792,916
Level 3 | FHLB stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Level 3 | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	0	0
Level 3 | FHLB advances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	0
Level 3 | Junior subordinated debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	15,849	15,274
Level 3 | Capital lease obligation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	$ 0	$ 0

NEW ACCOUNTING PRONOUNCEMENTS (

NEW ACCOUNTING PRONOUNCEMENTS (Detail Textuals)	3 Months Ended
	Mar. 31, 2018USD ($)
ASU 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification of stranded tax effects from AOCI to retained earnings	$ 342,000

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Revenue from External Customer [Line Items]
BOLI	[1]	$ 192	$ 207	$ 545	$ 618
Net gains on sales of loans held for sale	[1]	82	140	278	522
FHLMC loan servicing fees	[1]	41	32	102	89
Other, net		159	279	630	570
Total non-interest income		2,782	2,890	8,850	8,341
Asset management fees
Revenue from External Customer [Line Items]
Non-interest income		935	911	2,804	2,582
Debit card and ATM fees
Revenue from External Customer [Line Items]
Non-interest income		799	733	2,382	2,227
Deposit related fees
Revenue from External Customer [Line Items]
Non-interest income		436	404	1,313	1,227
Loan related fees
Revenue from External Customer [Line Items]
Non-interest income		$ 138	$ 184	$ 796	$ 506
[1]	Not in the scope of ASC 606

COMMITMENTS AND CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES: Significant off-balance sheet commitments (Details) $ in Thousands	Dec. 31, 2018USD ($)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	$ 178,822
Commitments to originate loans: | Adjustable-rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	17,441
Commitments to originate loans: | Fixed-rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	6,071
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	2,357
Undisbursed loan funds and unused lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	$ 152,953

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Detail Textuals)	9 Months Ended
	Dec. 31, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
Threshold limit for honoring of commitments	45 days
Commitments to sell	$ 118,000
Loans under warranty	113,600,000
Allowance for FHLMC loans	$ 13,000