Riverview Bancorp (RVSB) 10-Q 8 Aug 19 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2019	Aug. 08, 2019
Document and Entity Information:
Entity Registrant Name	RIVERVIEW BANCORP INC
Entity Central Index Key	0001041368
Trading Symbol	rvsb
Current Fiscal Year End Date	--03-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		22,721,385
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Jun. 30, 2019	Mar. 31, 2019
ASSETS
Cash and cash equivalents (including interest-earning accounts of $6,852 and $5,844)		$ 24,112	$ 22,950
Certificates of deposit held for investment		747	747
Loans held for sale			909
Investment securities:
Available for sale, at estimated fair value		170,762	178,226
Held to maturity, at amortized cost (estimated fair value of $33 and $35)		33	35
Loans receivable (net of allowance for loan losses of $11,442 and $11,457)		876,535	864,659
Prepaid expenses and other assets		8,705	4,596
Accrued interest receivable		3,989	3,919
Federal Home Loan Bank stock ("FHLB"), at cost		3,658	3,644
Premises and equipment, net		15,453	15,458
Deferred income taxes, net		3,520	4,195
Mortgage servicing rights, net		280	296
Goodwill		27,076	27,076
Core deposit intangible ("CDI"), net		880	920
Bank owned life insurance ("BOLI")		29,484	29,291
TOTAL ASSETS		1,165,234	1,156,921
LIABILITIES:
Deposits		922,274	925,068
Accrued expenses and other liabilities		17,675	12,536
Advanced payments by borrowers for taxes and insurance		689	631
FHLB advances	[1]	56,941	56,586
Junior subordinated debentures		26,597	26,575
Finance lease liability		2,395	2,403
Total liabilities		1,026,571	1,023,799
COMMITMENTS AND CONTINGENCIES (See Note 14)
SHAREHOLDERS' EQUITY:
Serial preferred stock, $.01 par value; 250,000 shares authorized; issued and outstanding: none
Common stock, $.01 par value; 50,000,000 shares authorized June 30, 2019 - 22,705,385 shares issued and outstanding March 31, 2019 - 22,607,712 shares issued and outstanding		226	226
Additional paid-in capital		65,326	65,094
Retained earnings		73,602	70,428
Accumulated other comprehensive loss		(491)	(2,626)
Total shareholders' equity		138,663	133,122
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		$ 1,165,234	$ 1,156,921
[1]	Consisted of overnight borrowings.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019
Statement of Financial Position [Abstract]
Interest-earning accounts included in cash (in dollars)	$ 6,852	$ 5,844
Fair value of mortgage-backed securities held to maturity (in dollars)	33	35
Allowance for loan losses (in dollars)	$ 11,442	$ 11,457
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	22,705,385	22,607,712
Common stock, shares outstanding	22,705,385	22,607,712

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Jun. 30, 2019	Jun. 30, 2018
INTEREST AND DIVIDEND INCOME:
Interest and fees on loans receivable		$ 11,514	$ 10,777
Interest on investment securities - taxable		878	1,198
Interest on investment securities - nontaxable		37	37
Other interest and dividends		87	93
Total interest and dividend income		12,516	12,105
INTEREST EXPENSE:
Interest on deposits		351	260
Interest on borrowings		735	358
Total interest expense		1,086	618
Net interest income		11,430	11,487
Recapture of loan losses			(200)
Net interest income after recapture of loan losses		11,430	11,687
NON-INTEREST INCOME:
Net gains on sales of loans held for sale	[1]	96	152
BOLI	[1]	193	179
Other, net		67	40
Total non-interest income, net		3,176	3,052
NON-INTEREST EXPENSE:
Salaries and employee benefits		5,715	5,578
Occupancy and depreciation		1,320	1,359
Data processing		680	631
Amortization of CDI		40	46
Advertising and marketing		210	192
FDIC insurance premium		80	76
State and local taxes		195	168
Telecommunications		86	93
Professional fees		325	284
Other		543	592
Total non-interest expense		9,194	9,019
INCOME BEFORE INCOME TAXES		5,412	5,720
PROVISION FOR INCOME TAXES		1,220	1,278
NET INCOME		$ 4,192	$ 4,442
Earnings per common share:
Basic (in dollars per share)		$ 0.19	$ 0.20
Diluted (in dollars per share)		$ 0.18	$ 0.20
Weighted average number of common shares outstanding:
Basic (in shares)		22,619,580	22,570,179
Diluted (in shares)		22,685,343	22,651,732
Fees and service charges
NON-INTEREST INCOME:
Non-interest income		$ 1,677	$ 1,755
Asset management fees
NON-INTEREST INCOME:
Non-interest income		$ 1,143	$ 926
[1]	Not within scope of ASC 606

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Statements of Comprehensive Income
Net income	$ 4,192	$ 4,442
Other comprehensive income (loss):
Net unrealized holding gain (loss) from available for sale investment securities arising during the period, net of tax of ($675) and $226, respectively	2,135	(736)
Total comprehensive income, net	$ 6,327	$ 3,706

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Statements of Comprehensive Income
Tax effect of unrealized holding gain (loss) from available for sale securities	$ (675)	$ 226

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Total
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			4,442		4,442
Cash dividends on common stock (in dollars per share)			(790)		(790)
Stock-based compensation expense		11			11
Other comprehensive income (loss), net				(736)	(736)
Balance at Jun. 30, 2018	$ 226	64,882	60,204	(5,484)	119,828
Balance (in shares) at Jun. 30, 2018	22,570,179
Balance at Mar. 31, 2019	$ 226	65,094	70,428	(2,626)	133,122
Balance (in shares) at Mar. 31, 2019	22,607,712
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			4,192		4,192
Cash dividends on common stock (in dollars per share)			(1,018)		(1,018)
Exercise of stock options		52			52
Exercise of stock options (in shares)	15,000
Restricted stock grants (in shares)	82,673
Stock-based compensation expense		180			180
Other comprehensive income (loss), net				2,135	2,135
Balance at Jun. 30, 2019	$ 226	$ 65,326	$ 73,602	$ (491)	$ 138,663
Balance (in shares) at Jun. 30, 2019	22,705,385

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Statement of Stockholders' Equity [Abstract]
Dividend per share (in dollars per share)	$ 0.045	$ 0.035

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Jun. 30, 2019	Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		$ 4,192	$ 4,442
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		767	688
Purchased loans amortization (accretion), net		(41)	62
Recapture of loan losses			(200)
Stock-based compensation expense		180	11
Increase in deferred loan origination fees, net of amortization		110	184
Origination of loans held for sale		(2,627)	(4,705)
Proceeds from sales of loans held for sale		3,598	4,987
Net gains on loans held for sale and sales of premises and equipment		(91)	(152)
Income from BOLI	[1]	(193)	(179)
Changes in certain other assets and liabilities:
Prepaid expenses and other assets		1,459	71
Accrued interest receivable		(70)	(101)
Accrued expenses and other liabilities		(735)	(886)
Net cash provided by operating activities		6,549	4,222
CASH FLOWS FROM INVESTING ACTIVITIES:
Loan originations, net		(8,327)	(7,222)
Purchases of loans receivable		(3,594)	(7,403)
Principal repayments on investment securities available for sale		6,863	6,852
Proceeds from calls of investment securities available for sale		3,000	5,000
Principal repayments on investment securities held to maturity		2	2
Purchases of premises and equipment and capitalized software		(82)	(181)
Redemption of certificates of deposit held for investment			996
Purchases of FHLB stock, net		(14)
Proceeds from sales of real estate owned ("REO") and premises and equipment			298
Net cash used in investing activities		(2,152)	(1,658)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in deposits		(2,788)	(13,322)
Dividends paid		(904)	(677)
Proceeds from borrowings		130,947	56,160
Repayment of borrowings		(130,592)	(56,160)
Net increase (decrease) in advance payments by borrowers for taxes and insurance		58	(57)
Principal payments on finance lease liability		(8)	(7)
Proceeds from exercise of stock options		52
Net cash used in financing activities		(3,235)	(14,063)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		1,162	(11,499)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		22,950	44,767
CASH AND CASH EQUIVALENTS, END OF PERIOD		24,112	33,268
Cash paid during the period for:
Interest		1,065	573
Income taxes			805
NONCASH INVESTING AND FINANCING ACTIVITIES:
Dividends declared and accrued in other liabilities		1,018	790
Other comprehensive income (loss)		2,810	(962)
Income tax effect related to other comprehensive income (loss)		(675)	$ 226
Right-of-use lease assets obtained in exchange for operating lease liabilities		$ 5,603
[1]	Not within scope of ASC 606

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Jun. 30, 2019
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, 2019 (“2019 Form 10-K”). The unaudited consolidated results of operations for the three months ended June 30, 2019 are not necessarily indicative of the results which may be expected for the entire fiscal year ending March 31, 2020. The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“generally accepted accounting principles” or “GAAP”) requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Certain prior period amounts have been reclassified to conform to the current period presentation; such reclassifications had no effect on previously reported net income or total equity.

PRINCIPLES OF CONSOLIDATION

PRINCIPLES OF CONSOLIDATION	3 Months Ended
	Jun. 30, 2019
Principles Of Consolidation [Abstract]
PRINCIPLES OF CONSOLIDATION	2. PRINCIPLES OF CONSOLIDATION The accompanying unaudited consolidated financial statements include the accounts of Riverview Bancorp, Inc.; its wholly-owned subsidiary, Riverview Community Bank (the “Bank”); and the Bank’s wholly-owned subsidiaries, Riverview Services, Inc. and Riverview Trust Company (the “Trust Company”) (collectively referred to as the “Company”). All inter-company transactions and balances have been eliminated in consolidation.

STOCK PLANS AND STOCK-BASED COM

STOCK PLANS AND STOCK-BASED COMPENSATION	3 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK PLANS AND STOCK-BASED COMPENSATION	3. STOCK PLANS AND STOCK-BASED COMPENSATION In July 2003, shareholders of the Company approved the adoption of the 2003 Stock Option Plan (“2003 Plan”). The 2003 Plan was effective in July 2003 and expired in July 2013. Accordingly, no further option awards may be granted under the 2003 Plan; however, any awards granted prior to their respective expiration dates remain outstanding subject to their terms. Each option granted under the 2003 Plan has an exercise price equal to the fair market value of the Company’s common stock on the date of the grant, a maximum term of ten years and a vesting period from zero to five years. In July 2017, the shareholders of the Company approved the Riverview Bancorp, Inc. 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. The 2003 Plan and the 2017 Plan are collectively referred to as “the Stock Option Plans”. As of June 30, 2019 and 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 each of the three months ended June 30, 2019 and 2018, the Trust Company incurred $11,000 of stock-based compensation expense related to these options. No Trust Company stock options were exercised as of June 30, 2019 and 2018. The fair value of each stock option granted is estimated on the date of grant using the Black-Scholes stock option valuation model. The fair value of all awards is amortized on a straight-line basis over the requisite service periods, which are generally the vesting periods. The expected life of options granted represents the period of time that they are expected to be outstanding. The expected life is determined based on historical experience with similar options, giving consideration to the contractual terms and vesting schedules. Expected volatility is estimated at the date of grant based on the historical volatility of the Company’s common stock. Expected dividends are based on dividend trends and the market value of the Company’s common stock at the time of grant. The risk-free interest rate for periods within the contractual life of the options is based on the U.S. Treasury yield curve in effect at the time of the grant. There were no stock options granted under the 2017 Stock Option Plan during the three months ended June 30, 2019 and 2018. As of June 30, 2019, all outstanding stock options were fully vested and there was no remaining unrecognized compensation expense under the Stock Option Plans. Unrecognized compensation expense related to the Trust Company stock options totaled $77,000. There was no stock-based compensation expense related to stock options for the three months ended June 30, 2019 and 2018 under the Stock Option Plans. The following table presents the activity related to stock options under the Stock Option Plans for the periods shown: Three Months Ended June 30, 2019 Three Months Ended June 30, 2018 Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Balance, beginning of period 101,332 $ 3.26 141,365 $ 3.77 Options exercised (15,000 ) 3.27 - - Expired - - (2,500 ) 8.12 Balance, end of period 86,332 $ 3.26 138,865 $ 3.69 The following table presents information on stock options outstanding under the Stock Option Plans as of June 30, 2019 and 2018, less estimated forfeitures: 2019 2018 Stock options fully vested and expected to vest: Number 86,332 138,865 Weighted average exercise price $ 3.26 $ 3.69 Aggregate intrinsic value (1) $ 456,000 $ 660,000 Weighted average contractual term of options (years) 1.90 2.57 Stock options fully vested and currently exercisable: Number 86,332 138,865 Weighted average exercise price $ 3.26 $ 3.69 Aggregate intrinsic value (1) $ 456,000 $ 660,000 Weighted average contractual term of options (years) 1.90 2.57 (1) The total intrinsic value of stock options exercised was $64,000 for the three months ended June 30, 2019 under the Stock Option Plans. During the three months ended June 30, 2019, the Company granted 82,673 shares of restricted stock pursuant to the 2017 Plan. The fair value of restricted stock awards is equal to the fair value of the Company’s stock on the date of grant. Stock-based compensation expense is recorded over the requisite service period. Stock-based compensation related to restricted stock grants was $169,000 for the three months ended June 30, 2019. There was no stock-based compensation related to restricted stock for the three months ended June 30, 2018. The unrecognized stock-based compensation related to restricted stock was $521,000 at June 30, 2019. The weighted average vesting period for the restricted stock was 2.48 years at June 30, 2019. The following table presents the activity related to restricted stock as of June 30, 2019: Time Based Performance Based Total Number of Unvested Shares Weighted Average Market Price Number of Unvested Shares Weighted Average Market Price Number of Unvested Shares Weighted Average Market Price Balance, beginning of period - $ - - $ - - $ - Granted 49,298 8.35 33,375 8.35 82,673 8.35 Forfeited - - - - - - Vested - - - - - - Balance, end of period 49,298 $ 8.35 33,375 $ 8.35 82,673 $ 8.35

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
EARNINGS PER SHARE	4. 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 and assumed vesting of restricted stock. For the three months ended June 30, 2019 and 2018, there were no stock options excluded in computing diluted EPS. The following table presents a reconciliation of the components used to compute basic and diluted EPS for the periods indicated: Three Months Ended June 30, 2019 2018 Basic EPS computation: Numerator-net income $ 4,192,000 $ 4,442,000 Denominator-weighted average common shares outstanding 22,619,580 22,570,179 Basic EPS $ 0.19 $ 0.20 Diluted EPS computation: Numerator-net income $ 4,192,000 $ 4,442,000 Denominator-weighted average common shares outstanding 22,619,580 22,570,179 Effect of dilutive stock options and restricted stock 65,763 81,553 Weighted average common shares and common stock equivalents 22,685,343 22,651,732 Diluted EPS $ 0.18 $ 0.20

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	5. INVESTMENT SECURITIES The amortized cost and approximate fair value of investment securities consisted of the following at the dates indicated (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value June 30, 2019 Available for sale: Municipal securities $ 8,846 $ 172 $ (4 ) $ 9,014 Agency securities 9,428 89 (47 ) 9,470 Real estate mortgage investment conduits (1) 38,598 116 (124 ) 38,590 Residential mortgage-backed securities (1) 73,736 84 (718 ) 73,102 Other mortgage-backed securities (2) 40,799 114 (327 ) 40,586 Total available for sale $ 171,407 $ 575 $ (1,220 ) $ 170,762 Held to maturity: Residential mortgage-backed securities (3) $ 33 $ - $ - $ 33 March 31, 2019 Available for sale: Municipal securities $ 8,885 $ 30 $ (34 ) $ 8,881 Agency securities 12,426 22 (107 ) 12,341 Real estate mortgage investment conduits (1) 40,835 - (673 ) 40,162 Residential mortgage-backed securities (1) 77,402 7 (1,588 ) 75,821 Other mortgage-backed securities (2) 42,133 12 (1,124 ) 41,021 Total available for sale $ 181,681 $ 71 $ (3,526 ) $ 178,226 Held to maturity: Residential mortgage-backed securities (3) $ 35 $ - $ - $ 35 (1) (2) (3) The contractual maturities of investment securities as of June 30, 2019 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 $ 1,399 $ 1,397 $ - $ - Due after one year through five years 9,639 9,672 30 30 Due after five years through ten years 45,109 45,262 3 3 Due after ten years 115,260 114,431 - - Total $ 171,407 $ 170,762 $ 33 $ 33 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 June 30, 2019 Available for sale: Municipal securities $ - $ - $ 2,464 $ (4 ) $ 2,464 $ (4 ) Agency securities - - 2,952 (47 ) 2,952 (47 ) Real estate mortgage investment conduits (1) - - 21,818 (124 ) 21,818 (124 ) Residential mortgage-backed securities (1) - - 54,629 (718 ) 54,629 (718 ) Other mortgage-backed securities (2) 2,023 (20 ) 22,207 (307 ) 24,230 (327 ) Total available for sale $ 2,023 $ (20 ) $ 104,070 $ (1,200 ) $ 106,093 $ (1,220 ) March 31, 2019 Available for sale: Municipal securities $ - $ - $ 6,554 $ (34 ) $ 6,554 $ (34 ) Agency securities - - 6,861 (107 ) 6,861 (107 ) Real estate mortgage investment conduits (1) - - 40,126 (673 ) 40,126 (673 ) Residential mortgage-backed securities (1) - - 74,288 (1,588 ) 74,288 (1,588 ) Other mortgage-backed securities (2) - - 40,409 (1,124 ) 40,409 (1,124 ) Total available for sale $ - $ - $ 168,238 $ (3,526 ) $ 168,238 $ (3,526 ) (1) (2) 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 months ended June 30, 2019 and 2018. Investment securities available for sale with an amortized cost of $5.5 million and $5.8 million and an estimated fair value of $5.5 million and $5.7 million at June 30, 2019 and March 31, 2019, respectively, were pledged as collateral for government public funds held by the Bank. There were no held to maturity securities pledged as collateral for government public funds held by the Bank at June 30, 2019 and March 31, 2019.

LOANS RECEIVABLE

LOANS RECEIVABLE	3 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
LOANS RECEIVABLE	6. LOANS RECEIVABLE Loans receivable as of June 30, 2019 and March 31, 2019 are reported net of deferred loan fees totaling $4.1 million and $4.0 million, respectively. Loans receivable are also reported net of discounts and premiums totaling $1.4 million and $1.8 million, respectively, as of June 30, 2019, compared to $1.5 million and $1.8 million, respectively, as of March 31, 2019. Loans receivable, excluding loans held for sale, consisted of the following at the dates indicated (in thousands): June 30, 2019 March 31, 2019 Commercial and construction Commercial business $ 164,400 $ 162,796 Commercial real estate 472,373 461,432 Land 16,362 17,027 Multi-family 50,674 51,570 Real estate construction 93,716 90,882 Total commercial and construction 797,525 783,707 Consumer Real estate one-to-four family 83,256 84,053 Other installment (1) 7,196 8,356 Total consumer 90,452 92,409 Total loans 887,977 876,116 Less: Allowance for loan losses 11,442 11,457 Loans receivable, net $ 876,535 $ 864,659 (1) 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 June 30, 2019, loans carried at $494.1 million were pledged as collateral to the Federal Home Loan Bank of Des Moines (“FHLB”) and Federal Reserve Bank of San Francisco (“FRB”) pursuant to borrowing agreements. Most of the Bank’s business activity is with customers located in the states of Washington and Oregon. Loans and extensions of credit outstanding at one time to one borrower are generally limited by federal regulation to 15% of the Bank’s shareholders’ equity, excluding accumulated other comprehensive income (loss). As of June 30, 2019 and March 31, 2019, the Bank had no loans to any one borrower in excess of the regulatory limit.

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	3 Months Ended
	Jun. 30, 2019
Allowance For Loan Losses [Abstract]
ALLOWANCE FOR LOAN LOSSES	7. ALLOWANCE FOR LOAN LOSSES The allowance for loan losses is maintained at a level sufficient to provide for estimated loan losses based on evaluating known and inherent risks in the loan portfolio. The allowance is provided based upon 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 June 30, 2019 Commercial Business Commercial Real Estate Land Multi- Family Real Estate Construction Consumer Unallocated Total Beginning balance $ 1,808 $ 5,053 $ 254 $ 728 $ 1,457 $ 1,447 $ 710 $ 11,457 Provision for (recapture of) loan losses 308 (164 ) (10 ) (29 ) 49 (89 ) (65 ) - Charge-offs (3 ) - - - - (41 ) - (44 ) Recoveries - - - - - 29 - 29 Ending balance $ 2,113 $ 4,889 $ 244 $ 699 $ 1,506 $ 1,346 $ 645 $ 11,442 Three months ended June 30, 2018 Beginning balance $ 1,668 $ 4,914 $ 220 $ 822 $ 618 $ 1,809 $ 715 $ 10,766 Provision for (recapture of) loan losses 131 (598 ) 38 (41 ) 237 19 14 (200 ) Charge-offs - - - - - (92 ) - (92 ) Recoveries - 823 - - - 52 - 875 Ending balance $ 1,799 $ 5,139 $ 258 $ 781 $ 855 $ 1,788 $ 729 $ 11,349 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 June 30, 2019 Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Commercial business $ - $ 2,113 $ 2,113 $ 155 $ 164,245 $ 164,400 Commercial real estate - 4,889 4,889 2,441 469,932 472,373 Land - 244 244 724 15,638 16,362 Multi-family - 699 699 1,584 49,090 50,674 Real estate construction - 1,506 1,506 - 93,716 93,716 Consumer 11 1,335 1,346 453 89,999 90,452 Unallocated - 645 645 - - - Total $ 11 $ 11,431 $ 11,442 $ 5,357 $ 882,620 $ 887,977 March 31, 2019 Commercial business $ - $ 1,808 $ 1,808 $ 160 $ 162,636 $ 162,796 Commercial real estate - 5,053 5,053 2,482 458,950 461,432 Land - 254 254 728 16,299 17,027 Multi-family - 728 728 1,598 49,972 51,570 Real estate construction - 1,457 1,457 - 90,882 90,882 Consumer 22 1,425 1,447 697 91,712 92,409 Unallocated - 710 710 - - - Total $ 22 $ 11,435 $ 11,457 $ 5,665 $ 870,451 $ 876,116 Non-accrual loans: The following tables present an analysis of loans by aging category at the dates indicated (in thousands): June 30, 2019 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 $ 62 $ - $ 300 $ 362 $ 164,038 $ 164,400 Commercial real estate - - 1,049 1,049 471,324 472,373 Land - - - - 16,362 16,362 Multi-family - - - - 50,674 50,674 Real estate construction - - - - 93,716 93,716 Consumer 134 - 108 242 90,210 90,452 Total $ 196 $ - $ 1,457 $ 1,653 $ 886,324 $ 887,977 March 31, 2019 Commercial business $ - $ - $ 225 $ 225 $ 162,571 $ 162,796 Commercial real estate - - 1,081 1,081 460,351 461,432 Land - - - - 17,027 17,027 Multi-family - - - - 51,570 51,570 Real estate construction - - - - 90,882 90,882 Consumer 345 3 210 558 91,851 92,409 Total $ 345 $ 3 $ 1,516 $ 1,864 $ 874,252 $ 876,116 Credit quality indicators: Pass Watch Special mention Substandard Doubtful Loss The following tables present an analysis of loans by credit quality indicators at the dates indicated (in thousands): June 30, 2019 Pass Special Mention Substandard Doubtful Loss Total Loans Receivable Commercial business $ 159,101 $ 3,453 $ 1,846 $ - $ - $ 164,400 Commercial real estate 466,308 2,729 3,336 - - 472,373 Land 15,638 - 724 - - 16,362 Multi-family 50,150 504 20 - - 50,674 Real estate construction 93,716 - - - - 93,716 Consumer 90,344 - 108 - - 90,452 Total $ 875,257 $ 6,686 $ 6,034 $ - $ - $ 887,977 March 31, 2019 Commercial business $ 159,997 $ 840 $ 1,959 $ - $ - $ 162,796 Commercial real estate 454,013 4,030 3,389 - - 461,432 Land 16,299 - 728 - - 17,027 Multi-family 51,093 457 20 - - 51,570 Real estate construction 90,882 - - - - 90,882 Consumer 92,199 - 210 - - 92,409 Total $ 864,483 $ 5,327 $ 6,306 $ - $ - $ 876,116 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): June 30, 2019 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 $ 155 $ - $ 155 $ 181 $ - Commercial real estate 2,441 - 2,441 3,421 - Land 724 - 724 760 - Multi-family 1,584 - 1,584 1,693 - Consumer 305 148 453 568 11 Total $ 5,209 $ 148 $ 5,357 $ 6,623 $ 11 March 31, 2019 Commercial business $ 160 $ - $ 160 $ 182 $ - Commercial real estate 2,482 - 2,482 3,424 - Land 728 - 728 766 - Multi-family 1,598 - 1,598 1,709 - Consumer 281 416 697 807 22 Total $ 5,249 $ 416 $ 5,665 $ 6,888 $ 22 Three Months ended June 30, 2019 Three Months ended June 30, 2018 Average Recorded Investment Interest Recognized on Impaired Loans Average Recorded Investment Interest Recognized on Impaired Loans Commercial business $ 157 $ - $ 588 $ - Commercial real estate 2,462 16 2,740 16 Land 726 10 757 - Multi-family 1,591 23 1,638 22 Consumer 575 7 1,421 16 Total $ 5,511 $ 56 $ 7,144 $ 54 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): June 30, 2019 March 31, 2019 Accrual Nonaccrual Total Accrual Nonaccrual Total Commercial business $ - $ 155 $ 155 $ - $ 160 $ 160 Commercial real estate 1,392 1,049 2,441 1,401 1,081 2,482 Land 724 - 724 728 - 728 Multi-family 1,584 - 1,584 1,598 - 1,598 Consumer 426 27 453 697 - 697 Total $ 4,126 $ 1,231 $ 5,357 $ 4,424 $ 1,241 $ 5,665 At June 30, 2019, the Company had no commitments to lend additional funds on TDR loans. At June 30, 2019, all of the Company’s TDRs were paying as agreed. There was one new TDR for the three months ended June 30, 2019. The new TDR is a consumer real estate loan secured by a 1-4 family property located in Southwest Washington whereby the Company granted a rate reduction to market interest rates and extended the maturity date by 10 years. The recorded investment in the loan prior to modification and at June 30, 2019 was $27,000. There were no new TDRs for the three months ended June 30, 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	3 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	8. GOODWILL Goodwill and certain other intangibles generally arise from business combinations accounted for under the purchase method 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 and compares 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 results of the Company’s step one test indicated that the reporting unit’s fair value was greater than its carrying value, and, therefore, a step two analysis was not required; however, no assurance can be given that the Company’s goodwill will not be written down in future periods. An interim impairment test was not deemed necessary as of June 30, 2019 due to the amount by which the fair value of the reporting unit exceeded the carrying value as of the most recent valuation, and because the Company determined that, based on an analysis of events that have occurred and circumstances that have changed since the most recent valuation date, the likelihood that a current estimated fair value determination would be less than the current carrying amount of the reporting unit is remote.

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES	3 Months Ended
	Jun. 30, 2019
Federal Home Loan Banks [Abstract]
FEDERAL HOME LOAN BANK ADVANCES	9. FEDERAL HOME LOAN BANK ADVANCES FHLB advances are summarized as follows (dollars in thousands): June 30, 2019 March 31, 2019 FHLB advances (1) $ 56,941 $ 56,586 Weighted average interest rate on FHLB advances (2) 2.59 % 2.58 % (1) (2)

JUNIOR SUBORDINATED DEBENTURES

JUNIOR SUBORDINATED DEBENTURES	3 Months Ended
	Jun. 30, 2019
Junior Subordinated Debentures [Abstract]
JUNIOR SUBORDINATED DEBENTURES	10. JUNIOR SUBORDINATED DEBENTURES The Company has three wholly-owned subsidiary grantor trusts that were established for the purpose of issuing trust preferred securities and common securities. The trust preferred securities accrue and pay distributions periodically at specified annual rates as provided in each trust agreement. The trusts used the net proceeds from each of the offerings to purchase a like amount of junior subordinated debentures (the “Debentures”) of the Company. The Debentures are the sole assets of the trusts. The Company’s obligations under the Debentures and related documents, taken together, constitute a full and unconditional guarantee by the Company of the obligations of the trusts. The trust preferred securities are mandatorily redeemable upon maturity of the Debentures or upon earlier redemption as provided in the indentures. The Company has the right to redeem the Debentures in whole or in part on or after specific dates, at a redemption price specified in the indentures governing the Debentures plus any accrued but unpaid interest to the redemption date. The Company also has the right to defer the payment of interest on each of the Debentures for a period not to exceed 20 consecutive quarters, provided that the deferral period does not extend beyond the stated maturity. During such deferral period, distributions on the corresponding trust preferred securities will also be deferred and the Company may not pay cash dividends to the holders of shares of the Company’s common stock. The Debentures issued by the Company to the grantor trusts, totaling $26.6 million at both June 30, 2019 and March 31, 2019, are reported as “junior subordinated debentures” in the consolidated balance sheets. 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 June 30, 2019 and March 31, 2019, is included in prepaid expenses and other assets in the consolidated balance sheets. The Company records interest expense on the Debentures in the consolidated statements of income. The following table is a summary of the terms and the amounts outstanding of the Debentures at June 30, 2019 (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 % 3.77 % 3/2036 Riverview Bancorp Statutory Trust II 06/2007 15,464 Variable (2) 7.03 % 3.76 % 9/2037 Merchants Bancorp Statutory Trust I (4) 06/2003 5,155 Variable (3) 4.16 % 5.43 % 6/2033 27,836 Fair value adjustment (4) (1,239 ) Total Debentures $ 26,597 (1) (2) (3) (4)

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	11. FAIR VALUE MEASUREMENTS Fair value is defined under GAAP as the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. GAAP requires that valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. GAAP also establishes a fair value hierarchy which prioritizes the valuation inputs into three broad levels. Based on the underlying inputs, each fair value measurement in its entirety is reported in one of three levels. These levels are: 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 June 30, 2019 Total Estimated Fair Value Level 1 Level 2 Level 3 Investment securities available for sale: Municipal securities $ 9,014 $ - $ 9,014 $ - Agency securities 9,470 - 9,470 - Real estate mortgage investment conduits 38,590 - 38,590 - Residential mortgage-backed securities 73,102 - 73,102 - Other mortgage-backed securities 40,586 - 40,586 - Total assets measured at fair value on a recurring basis $ 170,762 $ - $ 170,762 $ - March 31, 2019 Investment securities available for sale: Municipal securities $ 8,881 $ - $ 8,881 $ - Agency securities 12,341 - 12,341 - Real estate mortgage investment conduits 40,162 - 40,162 - Residential mortgage-backed securities 75,821 - 75,821 - Other mortgage-backed securities 41,021 - 41,021 - Total assets measured at fair value on a recurring basis $ 178,226 $ - $ 178,226 $ - There were no transfers of assets into or out of Levels 1, 2 or 3 for the three months ended June 30, 2019 and the year ended March 31, 2019. The following methods were used to estimate the fair value of financial instruments above: Investment securities are included within Level 1 of the hierarchy when quoted prices in an active market for identical assets are available. The Company uses a third-party pricing service to assist the Company in determining the fair value of its Level 2 securities, which incorporates pricing models and/or quoted prices of investment securities with similar characteristics. Investment securities are included within Level 3 of the hierarchy when there are significant unobservable inputs. 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 June 30, 2019 Total Estimated Fair Value Level 1 Level 2 Level 3 Impaired loans $ 137 $ - $ - $ 137 March 31, 2019 Impaired loans $ 394 $ - $ - $ 394 The following table presents quantitative information about Level 3 inputs for financial instruments measured at fair value on a nonrecurring basis at June 30, 2019 and March 31, 2019: Valuation Technique Significant Unobservable Inputs Range Impaired loans Appraised value Discounted cash flows Adjustment for market conditions Discount rate N/A (1) 6.25% 8.00% (1) For information regarding the Company’s method for estimating the fair value of impaired loans, see Note 7 – 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 is as follows at the dates indicated (in thousands): June 30, 2019 Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value Assets: Cash and cash equivalents $ 24,112 $ 24,112 $ - $ - $ 24,112 Certificates of deposit held for investment 747 - 751 - 751 Investment securities available for sale 170,762 - 170,762 - 170,762 Investment securities held to maturity 33 - 33 - 33 Loans receivable, net 876,535 - - 873,379 873,379 FHLB stock 3,658 - 3,658 - 3,658 Liabilities: Certificates of deposit 90,462 - 89,554 - 89,554 FHLB advances 56,941 - 56,941 - 56,941 Junior subordinated debentures 26,597 - - 14,202 14,202 Finance lease liability 2,395 - 2,395 - 2,395 Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value March 31, 2019 Assets: Cash and cash equivalents $ 22,950 $ 22,950 $ - $ - $ 22,950 Certificates of deposit held for investment 747 - 746 - 746 Loans held for sale 909 - 909 - 909 Investment securities available for sale 178,226 - 178,226 - 178,226 Investment securities held to maturity 35 - 35 - 35 Loans receivable, net 864,659 - - 862,429 862,429 FHLB stock 3,644 - 3,644 - 3,644 Liabilities: Certificates of deposit 86,006 - 84,455 - 84,455 FHLB advances 56,586 - 56,586 - 56,586 Junior subordinated debentures 26,575 - - 15,468 15,468 Finance lease liability 2,403 - 2,403 - 2,403 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	3 Months Ended
	Jun. 30, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	12. NEW ACCOUNTING PRONOUNCEMENTS In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, “Leases” (“ASU 2016-02”). ASU 2016-02 created FASB Accounting Standards Codification (“ASC”) Topic 842 ("ASC 842") related to leases and 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. 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 Company adopted the provisions of ASC 842 effective April 1, 2019 utilizing the transition method allowed under ASU 2018-11 and will not restate comparative periods. The Company elected the package of practical expedients permitted under ASC 842's transition guidance, which allows the Company to carryforward its historical lease classifications and its assessment as to whether a contract is or contains a lease. The Company also elected to not recognize lease assets and lease liabilities for leases with an initial term of 12 months or less. See Note 15 for additional discussion. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”) as amended by ASU 2018-19, ASU 2019-04 and ASU 2019-05. 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 purchased credit impaired 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 Company adopted ASU 2017-08 on April 1, 2019 and it did not have a material impact on the Company's consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement” (“ASU 2018-13”). ASU 2018-13 modifies the disclosure requirements for 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	3 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	13. 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 within the scope of ASC 606. All of the Company's revenue from contracts with customers within 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 our 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 months ended June 30, 2019 and 2018 (in thousands): June 30, 2019 June 30, 2018 Asset management fees $ 1,143 $ 926 Debit card and ATM fees 820 805 Deposit related fees 559 443 Loan related fees 132 344 BOLI (1) 193 179 Net gains on sales of loans held for sale (1) 96 152 FHLMC loan servicing fees (1) 43 27 Other, net 190 176 Total non-interest income $ 3,176 $ 3,052 (1) For the three months ended June 30, 2019 and 2018, 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 scope of ASC 606 Asset management fees Debit card and ATM fees Deposit related fees Loan related fees Other Contract Balances As of June 30, 2019, 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	3 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	14. 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 June 30, 2019 are listed below (in thousands): Contract or Notional Amount Commitments to originate loans: Adjustable-rate $ 34,799 Fixed-rate 6,886 Standby letters of credit 2,410 Undisbursed loan funds and unused lines of credit 140,119 Total $ 184,214 At June 30, 2019, the Company had firm commitments to sell $200,000 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 three months ended June 30, 2019 and 2018. The Bank has entered into employment contracts with certain key employees, which provide for contingent payments subject to future events. Litigation

LEASES

LEASES	3 Months Ended
	Jun. 30, 2019
Leases [Abstract]
LEASES	The Company has a finance lease for the shell of the building constructed as the Company's operations center which expires in November 2039. The Company is obligated under various noncancelable operating lease agreements for land, buildings and equipment that require future minimum rental payments. The Company does not have any operating leases with an initial term of 12 months or less. Certain operating leases contain various provisions for increases in rental rates, based either on changes in the published Consumer Price Index or a predetermined escalation schedule. Certain operating leases provide the Company with the option to extend the lease term one or more times following expiration of the initial term. Lease extensions are not reasonably certain and the Company generally does not recognize payments occurring during option periods in the calculation of its operating right-of-use lease assets and operating lease liabilities. The Company adopted the requirements of ASC Topic 842 effective April 1, 2019, which required the Company to record in the consolidated balance sheet an operating lease right-of-use asset and an operating lease liability for leases with an initial term of more than 12 months for leases that existed as of April 1, 2019. The periods prior to the date of adoption are accounted for under superseded ASC Topic 840; therefore, the following disclosures include only the period for which ASC Topic 842 was effective. In March 2010, the Company sold two of its branch locations. The Company maintains a substantial continuing involvement in the locations through various non-cancellable operating leases that contain certain renewal options. The resulting gain on sale of $2.1 million was deferred and is being amortized over the lives of the respective leases. At June 30, 2019, the remaining deferred gain was $657,000 and is included in accrued expenses and other liabilities in the accompanying consolidated balance sheets. The table below presents the lease right-of-use assets and lease liabilities recorded in the consolidated balance sheet at June 30, 2019 (in thousands): Leases Classification in the consolidated balance sheets Finance lease right-of-use asset $ 1,566 Premises and equipment, net Finance lease liability $ 2,395 Finance lease liability Finance lease remaining lease term 20.43 years Finance lease discount rate 7.16 % Operating lease right-of-use assets $ 5,117 Prepaid expenses and other assets Operating lease liabilities $ 5,202 Accrued expenses and other liabilities Operating lease weighted-average remaining lease term 4.62 years Operating lease weighted-average discount rate 2.77 % The table below presents certain information related to the lease costs for operating leases, which are recorded in the consolidated statements of income under occupancy and deprecation, for the three months ended June 30, 2019 (in thousands): Lease Costs Finance lease amortization of right-of-use asset $ 19 Finance lease interest on lease liability 43 Operating lease costs 396 Variable lease costs 52 Total lease cost (1) $ 510 (1) Supplemental cash flow information - The following table reconciles the undiscounted cash flows for the periods presented related to the Company’s operating lease liabilities as of June 30, 2019 (in thousands): Year Ending March 31: Operating Leases Finance Lease Remaining of 2020 $ 1,256 $ 154 2021 1,011 208 2022 747 212 2023 573 215 2024 583 219 Thereafter 1,507 3,622 Total minimum lease payments 5,677 4,630 Less: amount of lease payment representing interest (475 ) (2,235 ) Lease liabilities $ 5,202 $ 2,395

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	3 Months Ended
	Jun. 30, 2019
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, 2019 (“2019 Form 10-K”). The unaudited consolidated results of operations for the three months ended June 30, 2019 are not necessarily indicative of the results which may be expected for the entire fiscal year ending March 31, 2020. The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“generally accepted accounting principles” or “GAAP”) requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Certain prior period amounts have been reclassified to conform to the 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 (the “Bank”); and the Bank’s wholly-owned subsidiaries, Riverview Services, Inc. and Riverview Trust Company (the “Trust Company”) (collectively referred to as the “Company”). All inter-company transactions and balances have been eliminated in consolidation.
NEW ACCOUNTING PRONOUNCEMENTS	NEW ACCOUNTING PRONOUNCEMENTS In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, “Leases” (“ASU 2016-02”). ASU 2016-02 created FASB Accounting Standards Codification (“ASC”) Topic 842 ("ASC 842") related to leases and 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. 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 Company adopted the provisions of ASC 842 effective April 1, 2019 utilizing the transition method allowed under ASU 2018-11 and will not restate comparative periods. The Company elected the package of practical expedients permitted under ASC 842's transition guidance, which allows the Company to carryforward its historical lease classifications and its assessment as to whether a contract is or contains a lease. The Company also elected to not recognize lease assets and lease liabilities for leases with an initial term of 12 months or less. See Note 15 for additional discussion. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”) as amended by ASU 2018-19, ASU 2019-04 and ASU 2019-05. 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 purchased credit impaired 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 Company adopted ASU 2017-08 on April 1, 2019 and it did not have a material impact on the Company's consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement” (“ASU 2018-13”). ASU 2018-13 modifies the disclosure requirements for 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.

STOCK PLANS AND STOCK-BASED C_2

STOCK PLANS AND STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of stock options outstanding	Three Months Ended June 30, 2019 Three Months Ended June 30, 2018 Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Balance, beginning of period 101,332 $ 3.26 141,365 $ 3.77 Options exercised (15,000 ) 3.27 - - Expired - - (2,500 ) 8.12 Balance, end of period 86,332 $ 3.26 138,865 $ 3.69 2019 2018 Stock options fully vested and expected to vest: Number 86,332 138,865 Weighted average exercise price $ 3.26 $ 3.69 Aggregate intrinsic value (1) $ 456,000 $ 660,000 Weighted average contractual term of options (years) 1.90 2.57 Stock options fully vested and currently exercisable: Number 86,332 138,865 Weighted average exercise price $ 3.26 $ 3.69 Aggregate intrinsic value (1) $ 456,000 $ 660,000 Weighted average contractual term of options (years) 1.90 2.57 (1)
Schedule of unvested restricted stock activity	Time Based Performance Based Total Number of Unvested Shares Weighted Average Market Price Number of Unvested Shares Weighted Average Market Price Number of Unvested Shares Weighted Average Market Price Balance, beginning of period - $ - - $ - - $ - Granted 49,298 8.35 33,375 8.35 82,673 8.35 Forfeited - - - - - - Vested - - - - - - Balance, end of period 49,298 $ 8.35 33,375 $ 8.35 82,673 $ 8.35

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of basic and diluted earnings per share	Three Months Ended June 30, 2019 2018 Basic EPS computation: Numerator-net income $ 4,192,000 $ 4,442,000 Denominator-weighted average common shares outstanding 22,619,580 22,570,179 Basic EPS $ 0.19 $ 0.20 Diluted EPS computation: Numerator-net income $ 4,192,000 $ 4,442,000 Denominator-weighted average common shares outstanding 22,619,580 22,570,179 Effect of dilutive stock options and restricted stock 65,763 81,553 Weighted average common shares and common stock equivalents 22,685,343 22,651,732 Diluted EPS $ 0.18 $ 0.20

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Jun. 30, 2019
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 June 30, 2019 Available for sale: Municipal securities $ 8,846 $ 172 $ (4 ) $ 9,014 Agency securities 9,428 89 (47 ) 9,470 Real estate mortgage investment conduits (1) 38,598 116 (124 ) 38,590 Residential mortgage-backed securities (1) 73,736 84 (718 ) 73,102 Other mortgage-backed securities (2) 40,799 114 (327 ) 40,586 Total available for sale $ 171,407 $ 575 $ (1,220 ) $ 170,762 Held to maturity: Residential mortgage-backed securities (3) $ 33 $ - $ - $ 33 March 31, 2019 Available for sale: Municipal securities $ 8,885 $ 30 $ (34 ) $ 8,881 Agency securities 12,426 22 (107 ) 12,341 Real estate mortgage investment conduits (1) 40,835 - (673 ) 40,162 Residential mortgage-backed securities (1) 77,402 7 (1,588 ) 75,821 Other mortgage-backed securities (2) 42,133 12 (1,124 ) 41,021 Total available for sale $ 181,681 $ 71 $ (3,526 ) $ 178,226 Held to maturity: Residential mortgage-backed securities (3) $ 35 $ - $ - $ 35 (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 $ 1,399 $ 1,397 $ - $ - Due after one year through five years 9,639 9,672 30 30 Due after five years through ten years 45,109 45,262 3 3 Due after ten years 115,260 114,431 - - Total $ 171,407 $ 170,762 $ 33 $ 33
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 June 30, 2019 Available for sale: Municipal securities $ - $ - $ 2,464 $ (4 ) $ 2,464 $ (4 ) Agency securities - - 2,952 (47 ) 2,952 (47 ) Real estate mortgage investment conduits (1) - - 21,818 (124 ) 21,818 (124 ) Residential mortgage-backed securities (1) - - 54,629 (718 ) 54,629 (718 ) Other mortgage-backed securities (2) 2,023 (20 ) 22,207 (307 ) 24,230 (327 ) Total available for sale $ 2,023 $ (20 ) $ 104,070 $ (1,200 ) $ 106,093 $ (1,220 ) March 31, 2019 Available for sale: Municipal securities $ - $ - $ 6,554 $ (34 ) $ 6,554 $ (34 ) Agency securities - - 6,861 (107 ) 6,861 (107 ) Real estate mortgage investment conduits (1) - - 40,126 (673 ) 40,126 (673 ) Residential mortgage-backed securities (1) - - 74,288 (1,588 ) 74,288 (1,588 ) Other mortgage-backed securities (2) - - 40,409 (1,124 ) 40,409 (1,124 ) Total available for sale $ - $ - $ 168,238 $ (3,526 ) $ 168,238 $ (3,526 ) (1) (2)

LOANS RECEIVABLE (Tables)

LOANS RECEIVABLE (Tables)	3 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Schedule of loans and financing receivable	June 30, 2019 March 31, 2019 Commercial and construction Commercial business $ 164,400 $ 162,796 Commercial real estate 472,373 461,432 Land 16,362 17,027 Multi-family 50,674 51,570 Real estate construction 93,716 90,882 Total commercial and construction 797,525 783,707 Consumer Real estate one-to-four family 83,256 84,053 Other installment (1) 7,196 8,356 Total consumer 90,452 92,409 Total loans 887,977 876,116 Less: Allowance for loan losses 11,442 11,457 Loans receivable, net $ 876,535 $ 864,659 (1)

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	3 Months Ended
	Jun. 30, 2019
Allowance For Loan Losses [Abstract]
Schedule of reconciliation of the allowance for loan losses	Three months ended June 30, 2019 Commercial Business Commercial Real Estate Land Multi- Family Real Estate Construction Consumer Unallocated Total Beginning balance $ 1,808 $ 5,053 $ 254 $ 728 $ 1,457 $ 1,447 $ 710 $ 11,457 Provision for (recapture of) loan losses 308 (164 ) (10 ) (29 ) 49 (89 ) (65 ) - Charge-offs (3 ) - - - - (41 ) - (44 ) Recoveries - - - - - 29 - 29 Ending balance $ 2,113 $ 4,889 $ 244 $ 699 $ 1,506 $ 1,346 $ 645 $ 11,442 Three months ended June 30, 2018 Beginning balance $ 1,668 $ 4,914 $ 220 $ 822 $ 618 $ 1,809 $ 715 $ 10,766 Provision for (recapture of) loan losses 131 (598 ) 38 (41 ) 237 19 14 (200 ) Charge-offs - - - - - (92 ) - (92 ) Recoveries - 823 - - - 52 - 875 Ending balance $ 1,799 $ 5,139 $ 258 $ 781 $ 855 $ 1,788 $ 729 $ 11,349
Schedule of impaired financing receivables	Allowance for Loan Losses Recorded Investment in Loans June 30, 2019 Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Commercial business $ - $ 2,113 $ 2,113 $ 155 $ 164,245 $ 164,400 Commercial real estate - 4,889 4,889 2,441 469,932 472,373 Land - 244 244 724 15,638 16,362 Multi-family - 699 699 1,584 49,090 50,674 Real estate construction - 1,506 1,506 - 93,716 93,716 Consumer 11 1,335 1,346 453 89,999 90,452 Unallocated - 645 645 - - - Total $ 11 $ 11,431 $ 11,442 $ 5,357 $ 882,620 $ 887,977 March 31, 2019 Commercial business $ - $ 1,808 $ 1,808 $ 160 $ 162,636 $ 162,796 Commercial real estate - 5,053 5,053 2,482 458,950 461,432 Land - 254 254 728 16,299 17,027 Multi-family - 728 728 1,598 49,972 51,570 Real estate construction - 1,457 1,457 - 90,882 90,882 Consumer 22 1,425 1,447 697 91,712 92,409 Unallocated - 710 710 - - - Total $ 22 $ 11,435 $ 11,457 $ 5,665 $ 870,451 $ 876,116
Schedule of analysis of loans by aging category	June 30, 2019 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 $ 62 $ - $ 300 $ 362 $ 164,038 $ 164,400 Commercial real estate - - 1,049 1,049 471,324 472,373 Land - - - - 16,362 16,362 Multi-family - - - - 50,674 50,674 Real estate construction - - - - 93,716 93,716 Consumer 134 - 108 242 90,210 90,452 Total $ 196 $ - $ 1,457 $ 1,653 $ 886,324 $ 887,977 March 31, 2019 Commercial business $ - $ - $ 225 $ 225 $ 162,571 $ 162,796 Commercial real estate - - 1,081 1,081 460,351 461,432 Land - - - - 17,027 17,027 Multi-family - - - - 51,570 51,570 Real estate construction - - - - 90,882 90,882 Consumer 345 3 210 558 91,851 92,409 Total $ 345 $ 3 $ 1,516 $ 1,864 $ 874,252 $ 876,116
Schedule of credit quality indicators	June 30, 2019 Pass Special Mention Substandard Doubtful Loss Total Loans Receivable Commercial business $ 159,101 $ 3,453 $ 1,846 $ - $ - $ 164,400 Commercial real estate 466,308 2,729 3,336 - - 472,373 Land 15,638 - 724 - - 16,362 Multi-family 50,150 504 20 - - 50,674 Real estate construction 93,716 - - - - 93,716 Consumer 90,344 - 108 - - 90,452 Total $ 875,257 $ 6,686 $ 6,034 $ - $ - $ 887,977 March 31, 2019 Commercial business $ 159,997 $ 840 $ 1,959 $ - $ - $ 162,796 Commercial real estate 454,013 4,030 3,389 - - 461,432 Land 16,299 - 728 - - 17,027 Multi-family 51,093 457 20 - - 51,570 Real estate construction 90,882 - - - - 90,882 Consumer 92,199 - 210 - - 92,409 Total $ 864,483 $ 5,327 $ 6,306 $ - $ - $ 876,116
Schedule of total and average recorded investment in impaired loans	June 30, 2019 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 $ 155 $ - $ 155 $ 181 $ - Commercial real estate 2,441 - 2,441 3,421 - Land 724 - 724 760 - Multi-family 1,584 - 1,584 1,693 - Consumer 305 148 453 568 11 Total $ 5,209 $ 148 $ 5,357 $ 6,623 $ 11 March 31, 2019 Commercial business $ 160 $ - $ 160 $ 182 $ - Commercial real estate 2,482 - 2,482 3,424 - Land 728 - 728 766 - Multi-family 1,598 - 1,598 1,709 - Consumer 281 416 697 807 22 Total $ 5,249 $ 416 $ 5,665 $ 6,888 $ 22 Three Months ended June 30, 2019 Three Months ended June 30, 2018 Average Recorded Investment Interest Recognized on Impaired Loans Average Recorded Investment Interest Recognized on Impaired Loans Commercial business $ 157 $ - $ 588 $ - Commercial real estate 2,462 16 2,740 16 Land 726 10 757 - Multi-family 1,591 23 1,638 22 Consumer 575 7 1,421 16 Total $ 5,511 $ 56 $ 7,144 $ 54
Schedule of TDRs by interest accrual status	June 30, 2019 March 31, 2019 Accrual Nonaccrual Total Accrual Nonaccrual Total Commercial business $ - $ 155 $ 155 $ - $ 160 $ 160 Commercial real estate 1,392 1,049 2,441 1,401 1,081 2,482 Land 724 - 724 728 - 728 Multi-family 1,584 - 1,584 1,598 - 1,598 Consumer 426 27 453 697 - 697 Total $ 4,126 $ 1,231 $ 5,357 $ 4,424 $ 1,241 $ 5,665

FEDERAL HOME LOAN BANK ADVANC_2

FEDERAL HOME LOAN BANK ADVANCES (Tables)	3 Months Ended
	Jun. 30, 2019
Federal Home Loan Banks [Abstract]
Schedule of FHLB advances	June 30, 2019 March 31, 2019 FHLB advances (1) $ 56,941 $ 56,586 Weighted average interest rate on FHLB advances (2) 2.59 % 2.58 % (1) (2)

JUNIOR SUBORDINATED DEBENTURES

JUNIOR SUBORDINATED DEBENTURES (Tables)	3 Months Ended
	Jun. 30, 2019
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 % 3.77 % 3/2036 Riverview Bancorp Statutory Trust II 06/2007 15,464 Variable (2) 7.03 % 3.76 % 9/2037 Merchants Bancorp Statutory Trust I (4) 06/2003 5,155 Variable (3) 4.16 % 5.43 % 6/2033 27,836 Fair value adjustment (4) (1,239 ) Total Debentures $ 26,597 (1) (2) (3) (4)

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of assets that are measured at estimated fair value on a recurring basis	Estimated Fair Value Measurements Using June 30, 2019 Total Estimated Fair Value Level 1 Level 2 Level 3 Investment securities available for sale: Municipal securities $ 9,014 $ - $ 9,014 $ - Agency securities 9,470 - 9,470 - Real estate mortgage investment conduits 38,590 - 38,590 - Residential mortgage-backed securities 73,102 - 73,102 - Other mortgage-backed securities 40,586 - 40,586 - Total assets measured at fair value on a recurring basis $ 170,762 $ - $ 170,762 $ - March 31, 2019 Investment securities available for sale: Municipal securities $ 8,881 $ - $ 8,881 $ - Agency securities 12,341 - 12,341 - Real estate mortgage investment conduits 40,162 - 40,162 - Residential mortgage-backed securities 75,821 - 75,821 - Other mortgage-backed securities 41,021 - 41,021 - Total assets measured at fair value on a recurring basis $ 178,226 $ - $ 178,226 $ -
Schedule of assets that are measured at estimated fair value on a nonrecurring basis	Estimated Fair Value Measurements Using June 30, 2019 Total Estimated Fair Value Level 1 Level 2 Level 3 Impaired loans $ 137 $ - $ - $ 137 March 31, 2019 Impaired loans $ 394 $ - $ - $ 394
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 Discounted cash flows Adjustment for market conditions Discount rate N/A (1) 6.25% 8.00% (1)
Schedule of carrying amount and estimated fair value of financial instruments	June 30, 2019 Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value Assets: Cash and cash equivalents $ 24,112 $ 24,112 $ - $ - $ 24,112 Certificates of deposit held for investment 747 - 751 - 751 Investment securities available for sale 170,762 - 170,762 - 170,762 Investment securities held to maturity 33 - 33 - 33 Loans receivable, net 876,535 - - 873,379 873,379 FHLB stock 3,658 - 3,658 - 3,658 Liabilities: Certificates of deposit 90,462 - 89,554 - 89,554 FHLB advances 56,941 - 56,941 - 56,941 Junior subordinated debentures 26,597 - - 14,202 14,202 Finance lease liability 2,395 - 2,395 - 2,395 Carrying Amount Level 1 Level 2 Level 3 Estimated Fair Value March 31, 2019 Assets: Cash and cash equivalents $ 22,950 $ 22,950 $ - $ - $ 22,950 Certificates of deposit held for investment 747 - 746 - 746 Loans held for sale 909 - 909 - 909 Investment securities available for sale 178,226 - 178,226 - 178,226 Investment securities held to maturity 35 - 35 - 35 Loans receivable, net 864,659 - - 862,429 862,429 FHLB stock 3,644 - 3,644 - 3,644 Liabilities: Certificates of deposit 86,006 - 84,455 - 84,455 FHLB advances 56,586 - 56,586 - 56,586 Junior subordinated debentures 26,575 - - 15,468 15,468 Finance lease liability 2,403 - 2,403 - 2,403

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	3 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Schedule of non-interest income disaggregated by type of service	June 30, 2019 June 30, 2018 Asset management fees $ 1,143 $ 926 Debit card and ATM fees 820 805 Deposit related fees 559 443 Loan related fees 132 344 BOLI (1) 193 179 Net gains on sales of loans held for sale (1) 96 152 FHLMC loan servicing fees (1) 43 27 Other, net 190 176 Total non-interest income $ 3,176 $ 3,052 (1)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of significant off-balance sheet commitments	Contract or Notional Amount Commitments to originate loans: Adjustable-rate $ 34,799 Fixed-rate 6,886 Standby letters of credit 2,410 Undisbursed loan funds and unused lines of credit 140,119 Total $ 184,214

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of lease right-of-use assets and lease liabilities	Leases Classification in the consolidated balance sheets Finance lease right-of-use asset $ 1,566 Premises and equipment, net Finance lease liability $ 2,395 Finance lease liability Finance lease remaining lease term 20.43 years Finance lease discount rate 7.16 % Operating lease right-of-use assets $ 5,117 Prepaid expenses and other assets Operating lease liabilities $ 5,202 Accrued expenses and other liabilities Operating lease weighted-average remaining lease term 4.62 years Operating lease weighted-average discount rate 2.77 %
Schedule of lease costs for finance and operating leases	Lease Costs Finance lease amortization of right-of-use asset $ 19 Finance lease interest on lease liability 43 Operating lease costs 396 Variable lease costs 52 Total lease cost (1) $ 510 (1)
Schedule of finance and operating lease liabilities maturities	Year Ending March 31: Operating Leases Finance Lease Remaining of 2020 $ 1,256 $ 154 2021 1,011 208 2022 747 212 2023 573 215 2024 583 219 Thereafter 1,507 3,622 Total minimum lease payments 5,677 4,630 Less: amount of lease payment representing interest (475 ) (2,235 ) Lease liabilities $ 5,202 $ 2,395

STOCK PLANS AND STOCK-BASED C_3

STOCK PLANS AND STOCK-BASED COMPENSATION (Details) - Stock Option - $ / shares	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Number of Shares
Balance, beginning of period	101,332	141,365
Options exercised	(15,000)
Expired	0	(2,500)
Balance, end of period	86,332	138,865
Weighted Average Exercise Price
Balance, beginning of period	$ 3.26	$ 3.77
Options exercised	3.27	0
Expired	0	8.12
Balance, end of period	$ 3.26	$ 3.69

STOCK PLANS AND STOCK-BASED C_4

STOCK PLANS AND STOCK-BASED COMPENSATION (Details 1) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Jun. 30, 2019	Jun. 30, 2018
Stock options fully vested and expected to vest:
Number		86,332	138,865
Weighted average exercise price		$ 3.26	$ 3.69
Aggregate intrinsic value	[1]	$ 456,000	$ 660,000
Weighted average contractual term of options (years)		1 year 10 months 24 days	2 years 6 months 25 days
Stock options fully vested and currently exercisable:
Number		86,332	138,865
Weighted average exercise price		$ 3.26	$ 3.69
Aggregate intrinsic value	[1]	$ 456,000	$ 660,000
Weighted average contractual term of options (years)		1 year 10 months 24 days	2 years 6 months 25 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 (Details 2)	3 Months Ended
	Jun. 30, 2019$ / sharesshares
Time Based
Number of Unvested Shares
Balance, beginning of period | shares	0
Granted | shares	49,298
Forfeited | shares	0
Vested | shares	0
Balance, end of period | shares	49,298
Weighted Average Market Price
Balance, beginning of period | $ / shares	$ 0
Granted | $ / shares	8.35
Forfeited | $ / shares	0
Vested | $ / shares	0
Balance, end of period | $ / shares	$ 8.35
Performance Based
Number of Unvested Shares
Balance, beginning of period | shares	0
Granted | shares	33,375
Forfeited | shares	0
Vested | shares	0
Balance, end of period | shares	33,375
Weighted Average Market Price
Balance, beginning of period | $ / shares	$ 0
Granted | $ / shares	8.35
Forfeited | $ / shares	0
Vested | $ / shares	0
Balance, end of period | $ / shares	$ 8.35
Restricted stock
Number of Unvested Shares
Balance, beginning of period | shares	0
Granted | shares	82,673
Forfeited | shares	0
Vested | shares	0
Balance, end of period | shares	82,673
Weighted Average Market Price
Balance, beginning of period | $ / shares	$ 0
Granted | $ / shares	8.35
Forfeited | $ / shares	0
Vested | $ / shares	0
Balance, end of period | $ / shares	$ 8.35

STOCK PLANS AND STOCK-BASED C_6

STOCK PLANS AND STOCK-BASED COMPENSATION (Detail Textuals) - USD ($)	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jul. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of issuance of common stock			1,800,000
Unrecognized compensation expense	$ 77,000
Total intrinsic value of stock options exercised	$ 64,000
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock awards granted	82,673
Stock based Compensation Expense	$ 169,000
Unrecognized compensation expense	$ 521,000
Restricted stock | Weighted average
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	2 years 5 months 23 days
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum term of stock options granted	10 years
Stock Option | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	0 years
Stock Option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
President and Chief Executive Officer | Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options granted	2,500
Stock based Compensation Expense	$ 11,000	$ 11,000

EARNINGS PER SHARE_ Earnings Pe

EARNINGS PER SHARE: Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Basic EPS computation:
Numerator-net income (in dollars)	$ 4,192	$ 4,442
Denominator-weighted average common shares outstanding	22,619,580	22,570,179
Basic EPS (in dollars per share)	$ 0.19	$ 0.20
Diluted EPS computation:
Numerator-net income (in dollars)	$ 4,192	$ 4,442
Denominator-weighted average common shares outstanding	22,619,580	22,570,179
Effect of dilutive stock options	65,763	81,553
Weighted average common shares and common stock equivalents	22,685,343	22,651,732
Diluted EPS (in dollars per share)	$ 0.18	$ 0.20

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands		Jun. 30, 2019	Mar. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		$ 171,407	$ 181,681
Gross Unrealized Gains		575	71
Gross Unrealized Losses		(1,220)	(3,526)
Estimated Fair Value		170,762	178,226
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		8,846	8,885
Gross Unrealized Gains		172	30
Gross Unrealized Losses		(4)	(34)
Estimated Fair Value		9,014	8,881
Agency securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		9,428	12,426
Gross Unrealized Gains		89	22
Gross Unrealized Losses		(47)	(107)
Estimated Fair Value		9,470	12,341
Real estate mortgage investment conduits
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	[1]	38,598	40,835
Gross Unrealized Gains	[1]	116	0
Gross Unrealized Losses	[1]	(124)	(673)
Estimated Fair Value	[1]	38,590	40,162
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	[1]	73,736	77,402
Gross Unrealized Gains	[1]	84	7
Gross Unrealized Losses	[1]	(718)	(1,588)
Estimated Fair Value	[1]	73,102	75,821
Other mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	[2]	40,799	42,133
Gross Unrealized Gains	[2]	114	12
Gross Unrealized Losses	[2]	(327)	(1,124)
Estimated Fair Value	[2]	$ 40,586	$ 41,021
[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		Jun. 30, 2019	Mar. 31, 2019
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost		$ 33	$ 35
Residential mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	[1]	33	35
Gross Unrealized Gains	[1]	0	0
Gross Unrealized Losses	[1]	0	0
Estimated Fair Value	[1]	$ 33	$ 35
[1]	Comprised of FHLMC and FNMA issued securities.

INVESTMENT SECURITIES (Detail_2

INVESTMENT SECURITIES (Details 2) $ in Thousands	Jun. 30, 2019USD ($)
Available for Sale, Amortized Cost
Due in one year or less	$ 1,399
Due after one year through five years	9,639
Due after five years through ten years	45,109
Due after ten years	115,260
Total, Amortized Cost	171,407
Available for Sale, Estimated Fair Value
Due in one year or less	1,397
Due after one year through five years	9,672
Due after five years through ten years	45,262
Due after ten years	114,431
Total, Estimated Fair Value	$ 170,762

INVESTMENT SECURITIES (Detail_3

INVESTMENT SECURITIES (Details 3) $ in Thousands	Jun. 30, 2019USD ($)
Held to Maturity, Amortized Cost
Due in one year or less	$ 0
Due after one year through five years	30
Due after five years through ten years	3
Due after ten years	0
Total, Amortized Cost	33
Held to Maturity, Estimated Fair Value
Due in one year or less	0
Due after one year through five years	30
Due after five years through ten years	3
Due after ten years	0
Total, Estimated Fair Value	$ 33

INVESTMENT SECURITIES (Detail_4

INVESTMENT SECURITIES (Details 4) - USD ($) $ in Thousands		Jun. 30, 2019	Mar. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Estimated Fair Value		$ 2,023	$ 0
Less than 12 months, Unrealized Losses		(20)	0
12 months or longer, Estimated Fair Value		104,070	168,238
12 months or longer, Unrealized Losses		(1,200)	(3,526)
Total, Estimated Fair Value		106,093	168,238
Total, Unrealized Losses		(1,220)	(3,526)
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Estimated Fair Value		0	0
Less than 12 months, Unrealized Losses		0	0
12 months or longer, Estimated Fair Value		2,464	6,554
12 months or longer, Unrealized Losses		(4)	(34)
Total, Estimated Fair Value		2,464	6,554
Total, Unrealized Losses		(4)	(34)
Agency securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Estimated Fair Value		0	0
Less than 12 months, Unrealized Losses		0	0
12 months or longer, Estimated Fair Value		2,952	6,861
12 months or longer, Unrealized Losses		(47)	(107)
Total, Estimated Fair Value		2,952	6,861
Total, Unrealized Losses		(47)	(107)
Real estate mortgage investment conduits
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Estimated Fair Value	[1]	0	0
Less than 12 months, Unrealized Losses	[1]	0	0
12 months or longer, Estimated Fair Value	[1]	21,818	40,126
12 months or longer, Unrealized Losses	[1]	(124)	(673)
Total, Estimated Fair Value	[1]	21,818	40,126
Total, Unrealized Losses	[1]	(124)	(673)
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Estimated Fair Value	[1]	0	0
Less than 12 months, Unrealized Losses	[1]	0	0
12 months or longer, Estimated Fair Value	[1]	54,629	74,288
12 months or longer, Unrealized Losses	[1]	(718)	(1,588)
Total, Estimated Fair Value	[1]	54,629	74,288
Total, Unrealized Losses	[1]	(718)	(1,588)
Other mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Estimated Fair Value	[2]	2,023	0
Less than 12 months, Unrealized Losses	[2]	(20)	0
12 months or longer, Estimated Fair Value	[2]	22,207	40,409
12 months or longer, Unrealized Losses	[2]	(307)	(1,124)
Total, Estimated Fair Value	[2]	24,230	40,409
Total, Unrealized Losses	[2]	$ (327)	$ (1,124)
[1]	Comprised of FHLMC, FNMA and GNMA issued securities.
[2]	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	Jun. 30, 2019	Mar. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Pledged as collateral at amortized cost	$ 5.5	$ 5.8
Pledged as collateral at fair value	$ 5.5	$ 5.7

LOANS RECEIVABLE_ Loans receiva

LOANS RECEIVABLE: Loans receivable, excluding loans held for sale (Details) - USD ($) $ in Thousands		Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		$ 887,977	$ 876,116
Less: Allowance for loan losses		11,442	11,457	$ 11,349	$ 10,766
Loans receivable, net		876,535	864,659
Commercial and construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		797,525	783,707
Commercial and construction | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		164,400	162,796
Less: Allowance for loan losses		2,113	1,808	1,799	1,668
Commercial and construction | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		472,373	461,432
Less: Allowance for loan losses		4,889	5,053	5,139	4,914
Commercial and construction | Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		16,362	17,027
Less: Allowance for loan losses		244	254	258	220
Commercial and construction | Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		50,674	51,570
Less: Allowance for loan losses		699	728	781	822
Commercial and construction | Real estate construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		93,716	90,882
Less: Allowance for loan losses		1,506	1,457	855	618
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		90,452	92,409
Less: Allowance for loan losses		1,346	1,447	$ 1,788	$ 1,809
Consumer | Real estate one-to-four family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		83,256	84,053
Consumer | Other installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	[1]	$ 7,196	$ 8,356
[1]	Consists primarily of purchased automobile loans totaling $4.5 million and $5.8 million at June 30, 2019 and March 31, 2019, respectively.

LOANS RECEIVABLE (Detail Textua

LOANS RECEIVABLE (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2019	Mar. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net deferred loan fees	$ 4,100	$ 4,000
Discount on Loans receivable	1,400	1,500
Premiums on Loans receivable	1,800	1,800
Loans pledged as collateral	$ 494,100
Percentage of loans and extensions of credit outstanding	15.00%
Total loans	$ 887,977	876,116
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	90,452	92,409
Automobile loan | Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 4,500	$ 5,800

ALLOWANCE FOR LOAN LOSSES_ Reco

ALLOWANCE FOR LOAN LOSSES: Reconciliation of the allowance for loan losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 11,457	$ 10,766
Provision for (recapture of) loan losses	0	(200)
Charge-offs	(44)	(92)
Recoveries	29	875
Ending balance	11,442	11,349
Commercial and construction | Commercial Business
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,808	1,668
Provision for (recapture of) loan losses	308	131
Charge-offs	(3)	0
Recoveries	0	0
Ending balance	2,113	1,799
Commercial and construction | Commercial Real Estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	5,053	4,914
Provision for (recapture of) loan losses	164	(598)
Charge-offs	0	0
Recoveries	0	823
Ending balance	4,889	5,139
Commercial and construction | Land
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	254	220
Provision for (recapture of) loan losses	(10)	38
Charge-offs	0	0
Recoveries	0	0
Ending balance	244	258
Commercial and construction | Multi-Family
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	728	822
Provision for (recapture of) loan losses	(29)	(41)
Charge-offs	0	0
Recoveries	0	0
Ending balance	699	781
Commercial and construction | Real Estate Construction
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,457	618
Provision for (recapture of) loan losses	49	237
Charge-offs	0	0
Recoveries	0	0
Ending balance	1,506	855
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,447	1,809
Provision for (recapture of) loan losses	(89)	19
Charge-offs	(41)	(92)
Recoveries	29	52
Ending balance	1,346	1,788
Unallocated
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	710	715
Provision for (recapture of) loan losses	(65)	14
Charge-offs	0	0
Recoveries	0	0
Ending balance	$ 645	$ 729

ALLOWANCE FOR LOAN LOSSES_ Impa

ALLOWANCE FOR LOAN LOSSES: Impaired Financing Receivables (Details 1) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019
Allowance for loan losses
Individually Evaluated for Impairment	$ 11	$ 22
Collectively Evaluated for Impairment	11,431	11,435
Total	11,442	11,457
Recorded investment in loans
Individually Evaluated for Impairment	5,357	5,665
Collectively Evaluated for Impairment	882,620	870,451
Total	887,977	876,116
Commercial and construction | Commercial business
Allowance for loan losses
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	2,113	1,808
Total	2,113	1,808
Recorded investment in loans
Individually Evaluated for Impairment	155	160
Collectively Evaluated for Impairment	164,245	162,636
Total	164,400	162,796
Commercial and construction | Commercial real estate
Allowance for loan losses
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	4,889	5,053
Total	4,889	5,053
Recorded investment in loans
Individually Evaluated for Impairment	2,441	2,482
Collectively Evaluated for Impairment	469,932	458,950
Total	472,373	461,432
Commercial and construction | Land
Allowance for loan losses
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	244	254
Total	244	254
Recorded investment in loans
Individually Evaluated for Impairment	724	728
Collectively Evaluated for Impairment	15,638	16,299
Total	16,362	17,027
Commercial and construction | Multi-family
Allowance for loan losses
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	699	728
Total	699	728
Recorded investment in loans
Individually Evaluated for Impairment	1,584	1,598
Collectively Evaluated for Impairment	49,090	49,972
Total	50,674	51,570
Commercial and construction | Real estate construction
Allowance for loan losses
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	1,506	1,457
Total	1,506	1,457
Recorded investment in loans
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	93,716	90,882
Total	93,716	90,882
Consumer
Allowance for loan losses
Individually Evaluated for Impairment	11	22
Collectively Evaluated for Impairment	1,335	1,425
Total	1,346	1,447
Recorded investment in loans
Individually Evaluated for Impairment	453	697
Collectively Evaluated for Impairment	89,999	91,712
Total	90,452	92,409
Unallocated
Allowance for loan losses
Individually Evaluated for Impairment	0	0
Collectively Evaluated for Impairment	645	710
Total	645	710
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	Jun. 30, 2019	Mar. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual	$ 1,457	$ 1,516
Total Past Due and Non-accrual	1,653	1,864
Current	886,324	874,252
Total Loans Receivable	887,977	876,116
30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	196	345
90 Days and Greater Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	3
Commercial and construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	797,525	783,707
Commercial and construction | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual	300	225
Total Past Due and Non-accrual	362	225
Current	164,038	162,571
Total Loans Receivable	164,400	162,796
Commercial and construction | Commercial business | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	62	0
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	1,049	1,081
Total Past Due and Non-accrual	1,049	1,081
Current	471,324	460,351
Total Loans Receivable	472,373	461,432
Commercial and construction | Commercial real estate | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	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	0
Total Past Due and Non-accrual	0	0
Current	16,362	17,027
Total Loans Receivable	16,362	17,027
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	50,674	51,570
Total Loans Receivable	50,674	51,570
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	93,716	90,882
Total Loans Receivable	93,716	90,882
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	108	210
Total Past Due and Non-accrual	242	558
Current	90,210	91,851
Total Loans Receivable	90,452	92,409
Consumer | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	134	345
Consumer | 90 Days and Greater Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	$ 0	$ 3

ALLOWANCE FOR LOAN LOSSES_ Cred

ALLOWANCE FOR LOAN LOSSES: Credit Quality Indicators (Details 3) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	$ 887,977	$ 876,116
Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	875,257	864,483
Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	6,686	5,327
Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	6,034	6,306
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	797,525	783,707
Commercial and construction | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	164,400	162,796
Commercial and construction | Commercial business | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	159,101	159,997
Commercial and construction | Commercial business | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	3,453	840
Commercial and construction | Commercial business | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	1,846	1,959
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	472,373	461,432
Commercial and construction | Commercial real estate | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	466,308	454,013
Commercial and construction | Commercial real estate | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	2,729	4,030
Commercial and construction | Commercial real estate | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	3,336	3,389
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	16,362	17,027
Commercial and construction | Land | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	15,638	16,299
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	724	728
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	50,674	51,570
Commercial and construction | Multi-family | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	50,150	51,093
Commercial and construction | Multi-family | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	504	457
Commercial and construction | Multi-family | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	20	20
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	93,716	90,882
Commercial and construction | Real estate construction | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	93,716	90,882
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	90,452	92,409
Consumer | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans Receivable	90,344	92,199
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	108	210
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	Jun. 30, 2019	Mar. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with No Specific Valuation Allowance	$ 5,209	$ 5,249
Recorded Investment with Specific Valuation Allowance	148	416
Total Recorded Investment	5,357	5,665
Unpaid Principal Balance	6,623	6,888
Related Specific Valuation Allowance	11	22
Commercial and construction | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with No Specific Valuation Allowance	155	160
Recorded Investment with Specific Valuation Allowance	0	0
Total Recorded Investment	155	160
Unpaid Principal Balance	181	182
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	2,441	2,482
Recorded Investment with Specific Valuation Allowance	0	0
Total Recorded Investment	2,441	2,482
Unpaid Principal Balance	3,421	3,424
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	724	728
Recorded Investment with Specific Valuation Allowance	0	0
Total Recorded Investment	724	728
Unpaid Principal Balance	760	766
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	1,584	1,598
Recorded Investment with Specific Valuation Allowance	0	0
Total Recorded Investment	1,584	1,598
Unpaid Principal Balance	1,693	1,709
Related Specific Valuation Allowance	0	0
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with No Specific Valuation Allowance	305	281
Recorded Investment with Specific Valuation Allowance	148	416
Total Recorded Investment	453	697
Unpaid Principal Balance	568	807
Related Specific Valuation Allowance	$ 11	$ 22

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
	Jun. 30, 2019	Jun. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	$ 5,511	$ 7,144
Interest Recognized on Impaired Loans	56	54
Commercial and construction | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	157	588
Interest Recognized on Impaired Loans	0	0
Commercial and construction | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	2,462	2,740
Interest Recognized on Impaired Loans	16	16
Commercial and construction | Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	726	757
Interest Recognized on Impaired Loans	10	0
Commercial and construction | Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	1,591	1,638
Interest Recognized on Impaired Loans	23	22
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	575	1,421
Interest Recognized on Impaired Loans	$ 7	$ 16

ALLOWANCE FOR LOAN LOSSES_ TDRs

ALLOWANCE FOR LOAN LOSSES: TDRs by Interest Accrual Status (Details 6) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual	$ 4,126	$ 4,424
Nonaccrual	1,231	1,241
Total	5,357	5,665
Commercial and construction | Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual	0	0
Nonaccrual	155	160
Total	155	160
Commercial and construction | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual	1,392	1,401
Nonaccrual	1,049	1,081
Total	2,441	2,482
Commercial and construction | Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual	724	728
Nonaccrual	0	0
Total	724	728
Commercial and construction | Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual	1,584	1,598
Nonaccrual	0	0
Total	1,584	1,598
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual	426	697
Nonaccrual	27	0
Total	$ 453	$ 697

ALLOWANCE FOR LOAN LOSSES (Deta

ALLOWANCE FOR LOAN LOSSES (Detail Textuals)	3 Months Ended
	Jun. 30, 2019USD ($)TDR	Jun. 30, 2018USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income foregone on non-accrual loans	$ 18,000	$ 24,000
Percentage of delinquent loan amount	75.00%
Commercial and construction | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of TDR loans default | TDR | TDR	1
Post-modification outstanding recorded investment amount	$ 27,000
Consumer | Real estate one-to-four family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Extended maturity period of loans receivable	10 years

FEDERAL HOME LOAN BANK ADVANC_3

FEDERAL HOME LOAN BANK ADVANCES (Details) - USD ($) $ in Thousands		Jun. 30, 2019	Mar. 31, 2019
Federal Home Loan Banks [Abstract]
FHLB advances	[1]	$ 56,941	$ 56,586
Weighted average interest rate on FHLB advances	[2]	2.59%	2.58%
[1]	Consisted of overnight borrowings.
[2]	Computed based on the borrowing activity for the three months ended June 30, 2019 and the fiscal year ended March 31, 2019, respectively.

JUNIOR SUBORDINATED DEBENTURES_

JUNIOR SUBORDINATED DEBENTURES: Terms of the current Debentures (Details) - USD ($) $ in Thousands		3 Months Ended
		Jun. 30, 2019	Mar. 31, 2019
Debt Instrument [Line Items]
Amount Outstanding		$ 27,836
Fair value adjustment	[1]	(1,239)
Total Debentures		$ 26,597	$ 26,575
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		3.77%
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		3.76%
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]	5.43%
Maturity Date	[1]	6/2033
[1]	Amount, net of accretion, attributable to the purchase and assumption transaction of Merchants Bancorp's trust preferred security on February 17, 2017.
[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)	3 Months Ended
	Jun. 30, 2019USD ($)Quarter	Mar. 31, 2019USD ($)
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	$ 26,600,000
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	Jun. 30, 2019	Mar. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	$ 170,762	$ 178,226
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	9,014	8,881
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	9,470	12,341
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	38,590	40,162
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	73,102	75,821
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	40,586	41,021
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	170,762	178,226
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	9,014	8,881
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	9,470	12,341
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	38,590	40,162
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	73,102	75,821
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	40,586	41,021
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	Jun. 30, 2019	Mar. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total nonrecurring assets measured at fair value	$ 137	$ 394
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	$ 137	$ 394

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 - Discounted cash flows - Discount rate	3 Months Ended	12 Months Ended
	Jun. 30, 2019	Mar. 31, 2019
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans Measurement Input	6.25%	6.25%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans Measurement Input	8.00%	8.00%

FAIR VALUE MEASUREMENTS_ Fair_2

FAIR VALUE MEASUREMENTS: Fair Value, Option, Quantitative Disclosures (Details 3) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019
Carrying Amount | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 24,112	$ 22,950
Carrying Amount | Certificates of deposit held for investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	747	747
Carrying Amount | Loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		909
Carrying Amount | Investment securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	170,762	178,226
Carrying Amount | Investment securities held to maturity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	33	35
Carrying Amount | Loans receivable, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	876,535	864,659
Carrying Amount | FHLB stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	3,658	3,644
Carrying Amount | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	90,462	86,006
Carrying Amount | FHLB advances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	56,941	56,586
Carrying Amount | Junior subordinated debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	26,597	26,575
Carrying Amount | Finance lease liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	2,395	2,403
Estimated Fair Value | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	24,112	22,950
Estimated Fair Value | Certificates of deposit held for investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	751	746
Estimated Fair Value | Loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		909
Estimated Fair Value | Investment securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	170,762	178,226
Estimated Fair Value | Investment securities held to maturity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	33	35
Estimated Fair Value | Loans receivable, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	873,379	862,429
Estimated Fair Value | FHLB stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	3,658	3,644
Estimated Fair Value | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	89,554	84,455
Estimated Fair Value | FHLB advances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	56,941	56,586
Estimated Fair Value | Junior subordinated debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	14,202	15,468
Estimated Fair Value | Finance lease liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	2,395	2,403
Level 1 | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	24,112	22,950
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 | Certificates of deposit
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	0
Level 1 | Junior subordinated debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	0	0
Level 1 | Finance lease liability
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	751	746
Level 2 | Loans held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		909
Level 2 | Investment securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	170,762	178,226
Level 2 | Investment securities held to maturity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	33	35
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	3,658	3,644
Level 2 | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	89,554	84,455
Level 2 | FHLB advances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	56,941	56,586
Level 2 | Junior subordinated debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	0	0
Level 2 | Finance lease liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	2,395	2,403
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	873,379	862,429
Level 3 | FHLB stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Level 3 | Certificates of deposit
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	0
Level 3 | Junior subordinated debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	14,202	15,468
Level 3 | Finance lease liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	$ 0	$ 0

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands		3 Months Ended
		Jun. 30, 2019	Jun. 30, 2018
Revenue from External Customer [Line Items]
BOLI	[1]	$ 193	$ 179
Net gains on sales of loans held for sale	[1]	96	152
FHLMC loan servicing fees	[1]	43	27
Other, net		190	176
Total non-interest income		3,176	3,052
Asset management fees
Revenue from External Customer [Line Items]
Non-interest income		1,143	926
Debit card and ATM fees
Revenue from External Customer [Line Items]
Non-interest income		820	805
Deposit related fees
Revenue from External Customer [Line Items]
Non-interest income		559	443
Loan related fees
Revenue from External Customer [Line Items]
Non-interest income		$ 132	$ 344
[1]	Not within scope of ASC 606

COMMITMENTS AND CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES: Significant off-balance sheet commitments (Details) $ in Thousands	Jun. 30, 2019USD ($)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	$ 184,214
Commitments to originate loans: | Adjustable-rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	34,799
Commitments to originate loans: | Fixed-rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	6,886
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	2,410
Undisbursed loan funds and unused lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	$ 140,119

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Detail Textuals)	3 Months Ended
	Jun. 30, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Threshold limit for honoring of commitments	45 days
Commitments to sell	$ 200,000
Loans under warranty	111,500,000
Allowance for FHLMC loans	$ 12,000

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019
Leases [Line Items]
Finance lease liability	$ 2,395	$ 2,403
Finance lease remaining lease term	20 years 5 months 5 days
Finance lease discount rate	7.16%
Operating lease liabilities	$ 5,202
Operating lease weighted-average remaining lease term	4 years 7 months 13 days
Operating lease weighted-average discount rate	2.77%
Premises and equipment, net
Leases [Line Items]
Finance lease right-of-use asset	$ 1,566
Finance lease liability
Leases [Line Items]
Finance lease liability	2,395
Prepaid expenses and other assets
Leases [Line Items]
Operating lease right-of-use assets	5,117
Accrued expenses and other liabilities
Leases [Line Items]
Operating lease liabilities	$ 5,202

LEASES (Details 1)

LEASES (Details 1) $ in Thousands	3 Months Ended
	Jun. 30, 2019USD ($)
Leases [Abstract]
Finance lease amortization of right-of-use asset	$ 19
Finance lease interest on lease liability	43
Operating lease costs	396
Variable lease costs	52
Total lease cost	$ 510	[1]
[1]	Income related to sub-lease activity is not significant and not presented herein.

LEASES (Details 2)

LEASES (Details 2) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019
Operating Leases
Remaining of 2020	$ 1,256
2021	1,011
2022	747
2023	573
2024	583
Thereafter	1,507
Total minimum lease payments	5,677
Less: amount of lease payment representing interest	(475)
Operating lease liabilities	5,202
Finance Lease
Remaining of 2020	154
2021	208
2022	212
2023	215
2024	219
Thereafter	3,622
Total minimum lease payments	4,630
Less: amount of lease payment representing interest	(2,235)
Finance lease liability	$ 2,395	$ 2,403

LEASES (Detail Textuals)

LEASES (Detail Textuals)	3 Months Ended
	Jun. 30, 2019USD ($)Branch
Leases [Line Items]
Number of branch location | Branch	2
Deferred gain on sale	$ 2,100,000
Operating lease	427,000
Accrued expenses and other liabilities
Leases [Line Items]
Deferred gain on sale	$ 657,000