Form 8-K
8-K — RIVERVIEW BANCORP INC
Accession: 0000939057-26-000096
Filed: 2026-04-30
Period: 2026-04-28
CIK: 0001041368
SIC: 6035 (SAVINGS INSTITUTION, FEDERALLY CHARTERED)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — riv8k42826.htm (Primary)
EX-99.1 (riv8k42826exh991.htm)
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8-K
8-K (Primary)
Filename: riv8k42826.htm · Sequence: 1
false000104136800010413682026-04-282026-04-28
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 28, 2026
RIVERVIEW BANCORP, INC.
(Exact name of registrant as specified in its charter)
Washington
000-22957
91-1838969
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
900 Washington Street, Suite 900, Vancouver, Washington
98660
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (360) 693-6650
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions.
☐ Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, Par Value $0.01 per share
RVSB
NASDAQ
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 2.02 Results of Operations and Financial Condition.
On April 28, 2026, Riverview Bancorp, Inc. issued its earnings release for the quarter and year ended March 31,
2026. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 News Release of Riverview
Bancorp, Inc. dated April 28, 2026.
104 Cover
Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.
RIVERVIEW BANCORP, INC.
Date: April 29, 2026
/S/ David Lam
David Lam
Chief Financial Officer
(Principal Financial Officer)
EX-99.1
EX-99.1
Filename: riv8k42826exh991.htm · Sequence: 2
Exhibit 99.1
Contact:
Nicole Sherman
David Lam
Riverview Bancorp, Inc. 360-693-6650
Riverview Bancorp Reports Fiscal Fourth Quarter 2026
and Fiscal Year 2026 Results
Fiscal Fourth Quarter 2026 Comparison Highlights
Net Interest Income and Net Interest Margin
• $10.2 million net interest
income for the quarter compared to $9.2 million in Fiscal Q4 2025
• Net interest margin at 2.92%
for the quarter compared to 2.65% in Fiscal Q4 2025
Credit Quality
• Non-performing assets at 0.53%
of total assets and 0.71% of total loans in Fiscal Q4 2026
• $1.2 million provision booked
for the quarter and net charge-offs of $1.1 million
Non-Interest Income and Non-Interest Expense
• Non-interest income excluding
balance sheet optimization (non-GAAP) of $3.3 million for the quarter, compared to $3.7 million in Fiscal Q4 2025
• Non-interest expense of $11.5
million for the quarter compared to $11.4 million in Fiscal Q4 2025
Shareholder Returns and Stock Activity
• On April 24, 2026, the Company
paid a cash dividend of $0.02 per share
• Tangible book value per share
was $5.76
• Stock repurchase plan:
• $4.0 million stock repurchase plan adopted by the Board of Directors on January 22, 2026
• Repurchased 130,059 shares during the quarter at an average price of $5.36
Vancouver, Washington – April 28, 2026 - Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the
“Company”) today reported net income excluding strategic balance sheet optimization (non-GAAP) of $656,000, or $0.03 per diluted share, in the fourth fiscal quarter ended March 31, 2026. This compared to net income of $1.4 million, or $0.07 per
diluted share, in the third fiscal quarter ended December 31, 2025, and $1.1 million, or $0.05 per diluted share, in the fourth fiscal quarter ended March 31, 2025. For the fourth fiscal quarter ended March 31, 2026, net loss was $8.0 million, or
$0.39 per diluted share, as reported, which included the strategic balance sheet optimization.
For fiscal 2026, net income excluding balance sheet optimization (non-GAAP) was $4.4 million, or
$0.21 per diluted share, compared to $4.9 million, or $0.23 per diluted share, for fiscal 2025. For fiscal 2026, net loss was $4.3 million inclusive of the strategic balance sheet optimization. Net income on a pre-tax, pre-provision basis excluding
the balance sheet optimization (non-GAAP) increased to $2.0 million for the fourth fiscal quarter ended March 31, 2026, compared to $1.8 million in the third fiscal quarter ended December 31, 2025, and $1.5 million in the fourth fiscal quarter ended
March 31, 2025.
Riverview Fourth Fiscal Quarter 2026 Results
April 28, 2026
Page 2
On March 25, 2026, Riverview implemented a strategic balance sheet optimization that included
the reclassification of its entire portfolio of held-to-maturity (“HTM”) securities to available-for-sale (“AFS”) securities. After the reclassification, Riverview sold $149.3 million in lower-yielding book value investment securities, with an
average yield of 1.62%, for a pre-tax loss of $11.4 million. The sales generated $137.9 million of cash proceeds. A targeted approach was used to identify lower-yielding bonds, balancing the respective loss in relation to its book value. The goal was
to minimize the loss while maximizing proceeds from the sale. Dependent upon the combination of the full redeployment of funds, Riverview expects the estimated earn-back will be less than 3.5 years. Once fully realized, the strategic optimization is
expected to add approximately 25 basis points to net interest margin and approximately $0.13 to earnings per share annually.
“The repositioning of our securities portfolio represents a deliberate deployment of excess
capital that we expect to meaningfully enhance net interest margin and strengthen long-term earnings power. That expansion is already underway, our loan pipeline remains strong, and profitability is positioned to improve, driven by disciplined growth
in our commercial and business banking segments. We are capturing quality opportunities across our markets, and we are confident these combined efforts are building lasting value for our shareholders,” stated Nicole Sherman, President and Chief
Executive Officer. “We are now into the second year of our three-year strategic plan, and the momentum is accelerating. The commercial and industrial lending pipeline continues to grow, business banking is gaining traction, and our treasury
management platforms have expanded to fit our clients’ needs. Our focus remains disciplined and our direction is clear.”
Franchise Footprint
Riverview holds a unique distinction as the only bank headquartered in Vancouver, Washington —
putting us at the heart of one of the Pacific Northwest's most exciting growth stories. Clark County has transformed into a formidable economic center, and Vancouver itself has become a genuine destination, earning the #3 spot on moveBuddha's 2026
Moving Forecast of Most Popular Cities to Move to. The region's economy is broad and resilient, spanning health care and social assistance, construction, manufacturing, and professional and business services. Job growth and household incomes are
trending upward in line with statewide performance, and persistent housing demand continues to push median home values higher. With a quality of life that draws new residents and a local economy built on solid fundamentals, we see a clear runway for
deepening our community lending relationships and growing our deposit base.
Northwest Oregon represents another market where Riverview has established a meaningful
presence, one defined by economic depth and long-term stability. The area's economy draws strength from a well-balanced mix of technology, advanced manufacturing, and consumer goods: anchored by globally recognized employers like Intel, Nike, and
Columbia Sportswear, whose activity ripples throughout a vibrant ecosystem of local and mid-sized businesses. Above-average median household incomes and strong home values signal meaningful consumer purchasing power and sustained wealth creation
across the region. The business climate here continues to attract innovation-driven and sustainability-focused enterprises, supported by well-developed infrastructure, efficient transportation networks, and a quality of life that makes the region an
appealing place to both live and operate. Together, these attributes give Riverview a solid platform for growth throughout Oregon.
Riverview Fourth Fiscal Quarter 2026 Results
April 28, 2026
Page 3
Income Statement Review
Riverview’s net interest income was $10.2 million in the current quarter compared to $10.5
million in the preceding quarter, and $9.2 million in the fourth fiscal quarter a year ago. In fiscal 2026, net interest income increased by $4.0 million to $40.3 million, compared to $36.3 million in fiscal 2025. The yearly increase compared to
fiscal 2025 was driven by higher interest earning asset yields due to higher origination rates on new loan growth as well as loan repricing.
Riverview’s NIM was 2.92% for the fourth quarter of fiscal 2026, compared to 2.96% in the
preceding quarter and a 27 basis-point increase compared to 2.65% in the fourth quarter of fiscal 2025. “The absence of prepayment fees that had been recognized in the prior quarter caused the NIM to contract slightly during the current quarter. We
remain focused on the actions within our control, which include improving our earning asset mix and managing funding costs to position Riverview for NIM growth going forward. We continue to drive stronger asset yields and optimizing our funding base,
and we believe the steps we are taking today, including our recent balance sheet optimization, will support margin improvement in the quarters ahead,” said David Lam, EVP and Chief Financial Officer. In fiscal 2026, the net interest margin increased
32 basis points to 2.86% compared to 2.54% in the prior year.
As a result of the balance sheet optimization, investment securities decreased $146.8 million
during the quarter to $154.8 million at March 31, 2026, compared to $301.6 million at December 31, 2025, and decreased $167.7 million compared to $322.5 million at March 31, 2025. The average securities balances for the quarters ended March 31, 2026,
December 31, 2025, and March 31, 2025, were $301.7 million, $318.3 million, and $346.0 million, respectively. The weighted average yields on securities balances for the current quarter after the balance sheet optimization was 2.34% and the weighted
average yields on securities balances for the current quarter before the balance sheet optimization was 1.84%. This compared to a weighted average yield of 1.77% for the quarter ended December 31, 2025, and 1.84% for the quarter ended March 31, 2025.
There were $24.7 million of bonds purchased as part of the balance sheet optimization near the end of the fourth fiscal quarter with a weighted average yield of 4.95%. The duration of the investment portfolio at March 31, 2026, after the bond
purchase, was approximately 6.0 years after the balance sheet optimization. The anticipated total investment cashflows over the next twelve months is approximately $16.7 million.
Riverview’s yield on loans was 5.12% during the fourth fiscal quarter, compared to 5.26% in the
preceding quarter, and 4.91% in the fourth fiscal quarter a year ago. “Loan yields declined modestly compared to the prior quarter due to loan prepayment income received last quarter that was not present in the current quarter. Loan yields remain
meaningfully higher than the same period a year ago, which reflects the progress we have made over time in pricing and portfolio mix,” said Mike Sventek, EVP and Chief Lending Officer. “We continue to advance our commercial lending strategy by
growing our proportion of C&I relationship clients, which we believe positions the portfolio well for yield improvement as market conditions evolve.”
Deposit costs decreased to 1.37% during the fourth fiscal quarter compared to 1.39% in the
preceding quarter as Riverview has been able to proactively manage its deposit costs. Deposit costs increased seven basis points compared to 1.30% in the fourth fiscal quarter a year ago, which is reflective of both new customers demanding higher
rates, and existing customers shifting to fully insured, higher-yielding products.
Following the $11.4 million loss on the sale of securities as a result of the previously
mentioned balance sheet optimization, non-interest income (loss) was ($8.0 million) during the fourth fiscal quarter of 2026 compared to $3.5 million in the preceding quarter and $3.7 million in the fourth fiscal quarter of 2025. Excluding the
balance sheet optimization (non-GAAP), non-interest income for the fourth fiscal quarter of 2026 was $3.3 million. Non-interest income for the year, excluding the balance sheet optimization (non-GAAP), totaled $14.1 million, compared to $14.3 million
in fiscal 2025.
Asset management fees were $1.6 million during both the fourth fiscal quarter and the preceding
quarter, and $1.5 million in the fourth fiscal quarter a year ago. Riverview Trust Company’s assets under management were $908.1 million at March 31, 2026, compared to $919.1 million at December 31, 2025, and $877.9 million at March 31, 2025.
Riverview Fourth Fiscal Quarter 2026 Results
April 28, 2026
Page 4
Non-interest expense decreased to $11.5 million during the fourth fiscal quarter compared to
$12.2 million in the preceding quarter and increased modestly compared to $11.4 million in the fourth fiscal quarter a year ago. For the fiscal year, non-interest expense was $47.7 million compared to $44.3 million in fiscal 2025. “Operating costs
improved compared to the prior quarter, though they remain elevated on a year-over-year basis as we have strategically expanded our business banking teams and filled key positions aligned with our growth objectives. We have also offset certain costs
by bringing previously outsourced functions in-house, reducing reliance on external consultants. We are making meaningful progress on our digital roadmap — with digital account opening, enhanced in-branch experience, digital card issuance, instant
issue debit cards, and fast payments all on track over the next twelve months. These investments are designed to expand our reach and deepen client relationships, and we expect costs to continue stabilizing as these initiatives come fully online,”
said Dan Cox, EVP and Chief Operating Officer.
Balance Sheet Review
Total loans increased $7.4 million during the quarter to $1.08 billion at March 31, 2026,
compared to three months earlier and increased $30.0 million compared to a year earlier. Riverview’s loan pipeline was $56.4 million at March 31, 2026, compared to $77.2 million at the end of the preceding quarter and $41.1 million at March 31, 2025.
New loan originations during the quarter totaled $46.3 million, compared to $36.7 million in the preceding quarter and $49.4 million in the fourth fiscal quarter a year ago. Execution of the business model continues to yield results, with loans
outstanding growing and the loan pipeline remaining strong heading into the new fiscal year.
Undisbursed construction loans totaled $23.7 million at March 31, 2026, compared to $17.4
million at December 31, 2025, with most of the undisbursed construction loans expected to be funded over the next several quarters. Undisbursed homeowner association loans for the purpose of common area maintenance and repairs totaled $29.9 million
at March 31, 2026, compared to $30.6 million at December 31, 2025. Revolving commercial business loan commitments totaled $55.1 million at March 31, 2026, compared to $53.8 million at December 31, 2025. Utilization on these loans totaled 30.10% at
March 31, 2026, compared to 26.13% at December 31, 2025. The weighted average rate on loan originations during the quarter was 6.31% compared to 6.86% in the preceding quarter.
Looking ahead, loan repricing and maturities for fiscal year 2027 total $95.1 million with a
weighted average rate of 4.62%, fiscal year 2028 total $92.1 million with a weighted average rate of 5.41%, fiscal year 2029 total $111.1 million with a weighted average rate of 6.03%, and in aggregate for fiscal years after 2029 total $94.6 million
with a weighted average rate of 5.87%.
The office building loan portfolio totaled $115.5 million at March 31, 2026, compared to $108.4
million at December 31, 2025. The average loan balance of the office building loan portfolio was $1.6 million with an average loan-to-value ratio of 53.97% and an average debt service coverage ratio of 1.65x at March 31, 2026. Office building loans
within the Portland core consist of two loans totaling $20.1 million, which is approximately 17.4% of the total office building loan portfolio, or 1.8% of total loans.
Total deposits increased $20.7 million during the quarter to $1.25 billion at March 31, 2026,
compared to $1.23 billion at December 31, 2025, and increased $21.9 million compared to $1.23 billion a year ago. During the quarter, the deposit mix continued to shift with increases in non-interest checking accounts, money market deposit accounts,
and CDs. Riverview also continued to see strong traction with its fully insured sweep product, which has become an increasingly important tool for attracting and retaining customer deposits. Non-interest checking and interest checking accounts, as a
percentage of total deposits, totaled 48.6% at March 31, 2026, compared to 49.5% at December 31, 2025, and 48.7% at March 31, 2025.
FHLB advances decreased $44.4 million during the quarter to $16.1 million at March 31, 2026,
compared to $60.5 million at December 31, 2025.
Primarily as a result of the balance sheet optimization, shareholders’ equity was $145.6 million
at March 31, 2026, compared to $164.2 million three months earlier and $160.0 million one year earlier. Tangible book value per share (non-
Riverview Fourth Fiscal Quarter 2026 Results
April 28, 2026
Page 5
GAAP) was $5.76 at March 31, 2026, compared to $6.62 at December 31, 2025, and $6.33 at March
31, 2025. Riverview paid a quarterly cash dividend of $0.02 per share on April 24, 2026, to shareholders of record on April 13, 2026.
Credit Quality
“Maintaining a strong loan portfolio remains our top priority, particularly as interest rate
uncertainty and the overall economy continues to shape the environment,” said Robert Benke, EVP and Chief Credit Officer. “We did see an increase in nonperforming loans and net charge-offs during the quarter. This was driven by one hospitality
borrower-specific circumstance rather than any broader weakness in that loan category. Overall credit quality metrics remain solid, and our team stays disciplined in monitoring trends and ensuring reserves reflect current conditions. Our lenders
continue building the deep client relationships that give us early visibility and allow us to be a responsive partner to the businesses we serve.”
Non-performing loans totaled $7.8 million or 0.71% of total loans as of March 31, 2026, compared
to $1.1 million, or 0.10% of total loans at December 31, 2025, and $155,000, or 0.01% of total loans at March 31, 2025. At March 31, 2026, non-performing assets were $7.8 million, or 0.53% of total assets.
Riverview recorded $1.1 million in net loan charge-offs for the current quarter. This compared
to $246,000 in net loan charge-offs for the preceding quarter. Riverview recorded a $1.2 million provision for credit losses for the current quarter, compared to a $100,000 provision for the preceding quarter.
Classified assets were $12.7 million at March 31, 2026, compared to $13.5 million at December
31, 2025, and $2.9 million at March 31, 2025. The classified assets to total capital ratio was 7.3% at March 31, 2026, compared to 7.4% at December 31, 2025, and 1.6% a year earlier. The increase in classified assets compared to a year ago was
primarily due to one lending relationship that was moved to classified assets during the first fiscal quarter of 2026 for which a plan is in place to either return to performing status or payoff.
The allowance for credit losses was $15.2 million at March 31, 2026, compared to $15.3 million
at December 31, 2025, and $15.4 million at March 31, 2025. The allowance for credit losses represented 1.40% of total loans at March 31, 2026, compared to 1.41% at December 31, 2025, and 1.45% a year earlier. The allowance for credit losses to loans,
net of government guaranteed loans (non-GAAP), was 1.45% at March 31, 2026, compared to 1.47% at December 31, 2025, and 1.51% a year earlier.
Capital/Liquidity
Riverview continues to maintain strong capital levels in excess of the regulatory requirements
to be categorized as “well capitalized” with a total risk-based capital ratio of 15.62% and a Tier 1 leverage ratio of 10.60% at March 31, 2026. Tangible common equity to average tangible assets ratio (non-GAAP) was 8.25% at March 31, 2026.
Riverview has approximately $593.7 million in available liquidity at March 31, 2026, including
$268.0 million of borrowing capacity from the FHLB and $225.7 million from the Federal Reserve Bank of San Francisco (“FRB”). At March 31, 2026, the Bank had $16.1 million in outstanding FHLB borrowings.
The uninsured deposit ratio was 28.2% at March 31, 2026. Available liquidity under the FRB
borrowing line would cover 100% of the estimated uninsured deposits and available liquidity under both the FHLB and FRB borrowing lines would cover 139.4% of the estimated uninsured deposits.
Riverview is taking a strategic approach to the use of excess capital in the reinvestment of the
proceeds from the investment securities sale. Riverview expects to continue to reinvest the proceeds into a combination of higher-yielding bonds, which will be classified as available-for-sale at the time of purchase, support loan originations, pay
down its Federal Home Loan Bank borrowings, or hold in cash. Deploying these funds into higher-yielding earning assets or paying down borrowings will inherently increase the net interest income of the Bank on a go-forward basis. Given Riverview’s
strong capital levels, no additional capital was needed to support the balance sheet optimization.
Riverview Fourth Fiscal Quarter 2026 Results
April 28, 2026
Page 6
Non-GAAP Financial Measures
In addition to results presented in accordance with generally accepted accounting principles
(“GAAP”), this press release contains certain non-GAAP financial measures. Management has presented these non-GAAP financial measures in this earnings release because it believes that they provide useful and comparative information to assess trends
in Riverview's core operations reflected in the current quarter's results and facilitate the comparison of our performance with the performance of our peers. However, these non-GAAP financial measures are supplemental and are not a substitute for any
analysis based on GAAP. Where applicable, comparable earnings information using GAAP financial measures is also presented. Because not all companies use the same calculations, our presentation may not be comparable to other similarly titled measures
as calculated by other companies. For a reconciliation of these non-GAAP financial measures, see the tables below.
Tangible shareholders' equity to tangible assets and tangible book value per share:
(Dollars in thousands)
March 31, 2026
December 31, 2025
March 31, 2025
Shareholders' equity (GAAP)
$
145,636
$
164,217
$
160,014
Exclude: Goodwill
(27,076
)
(27,076
)
(27,076
)
Exclude: Core deposit intangible, net
(77
)
(101
)
(171
)
Tangible shareholders' equity (non-GAAP)
$
118,483
$
137,040
$
132,767
Total assets (GAAP)
$
1,463,809
$
1,512,311
$
1,513,323
Exclude: Goodwill
(27,076
)
(27,076
)
(27,076
)
Exclude: Core deposit intangible, net
(77
)
(101
)
(171
)
Tangible assets (non-GAAP)
$
1,436,656
$
1,485,134
$
1,486,076
Shareholders' equity to total assets (GAAP)
9.95
%
10.86
%
10.57
%
Tangible common equity to tangible assets (non-GAAP)
8.25
%
9.23
%
8.93
%
Shares outstanding
20,564,719
20,710,901
20,976,200
Book value per share (GAAP)
7.08
7.93
7.63
Tangible book value per share (non-GAAP)
5.76
6.62
6.33
Pre-tax, pre-provision income excluding balance sheet optimization
Three Months Ended
Twelve Months Ended
(Dollars in thousands)
March 31,
2026
December 31, 2025
March 31,
2025
March 31,
2026
March 31,
2025
Net income (loss) (GAAP)
$
(8,042
)
$
1,377
$
1,148
$
(4,341
)
$
4,903
Include: Provision (credit) for income taxes
(2,474
)
363
314
(1,493
)
1,335
Include: Provision for credit losses
1,155
100
-
1,255
100
Exclude: Balance sheet optimization
11,350
-
-
11,350
-
Pre-tax, pre-provision income (loss) (non-GAAP)
$
1,989
$
1,840
$
1,462
$
6,771
$
6,338
Riverview Fourth Fiscal Quarter 2026 Results
April 28, 2026
Page 7
Net income (loss) and earnings (loss) per share balance sheet optimization
Three Months Ended
Twelve Months Ended
(Dollars in thousands)
March 31,
2026
December 31,
2025
March 31,
2025
March 31,
2026
March 31,
2025
Net income (loss) (GAAP)
$
(8,042
)
$
1,377
$
1,148
$
(4,341
)
$
4,903
Exclude impact of securities loss restructure, net of tax
8,698
-
-
8,698
-
Net income excluding securities restructure (non-GAAP)
$
656
$
1,377
$
1,148
$
4,357
$
4,903
Basic earnings (loss) per share (GAAP)
$
(0.39
)
$
0.07
$
0.05
$
(0.21
)
$
0.23
Exclude impact of securities loss restructure, net of tax
0.42
-
-
0.42
-
Basic earnings per share excluding securities restructure (non-GAAP)
$
0.03
$
0.07
$
0.05
$
0.21
$
0.23
Diluted earnings (loss) per share (GAAP)
$
(0.39
)
$
0.07
$
0.05
$
(0.21
)
$
0.23
Exclude impact of securities loss restructure, net of tax
0.42
-
-
0.42
-
Diluted earnings per share excluding securities restructure (non-GAAP)
$
0.03
$
0.07
$
0.05
$
0.21
$
0.23
Non-interest income, excluding balance sheet optimization
Three Months Ended
Twelve Months Ended
(Dollars in thousands)
March 31,
2026
December 31,
2025
March 31,
2025
March 31,
2026
March 31,
2025
Non-interest income (GAAP)
$
(8,034
)
$
3,504
$
3,707
$
2,736
$
14,256
Exclude impact of securities loss restructure, net of tax
11,350
-
-
11,350
-
Non-interest income (non-GAAP)
$
3,316
$
3,504
$
3,707
$
14,086
$
14,256
Return on average assets, return on average equity, return on average tangible equity excluding securities
restructure
Three Months Ended
Twelve Months Ended
March 31,
2026
December 31,
2025
March 31,
2025
March 31,
2026
March 31,
2025
Net income excluding securities restructure (non-GAAP)
$
656
$
1,377
$
1,148
$
4,357
$
4,903
Average assets
$
1,504,206
$
1,508,741
$
1,500,715
$
1,504,834
$
1,520,982
Return on average assets (non-GAAP)
0.18
%
0.36
%
0.31
%
0.29
%
0.32
%
Average equity
$
164,918
$
164,496
$
159,766
$
163,601
$
158,570
Return on average equity (non-GAAP)
1.61
%
3.32
%
2.91
%
2.66
%
3.09
%
Average tangible equity (non-GAAP)
$
137,750
$
137,305
$
132,506
$
136,398
$
131,271
Return on average tangible equity (non-GAAP)
1.93
%
3.98
%
3.51
%
3.19
%
3.74
%
Allowance for credit losses reconciliation, excluding Government Guaranteed loans
(Dollars in thousands)
March 31,
2026
December 31,
2025
March 31,
2025
Allowance for credit losses
$
15,248
$
15,281
$
15,374
Loans receivable (GAAP)
$
1,092,484
$
1,085,166
$
1,062,460
Exclude: Government Guaranteed loans
(42,670
)
(43,983
)
(47,373
)
Loans receivable excluding Government Guaranteed loans (non-GAAP)
$
1,049,814
$
1,041,183
$
1,015,087
Allowance for credit losses to loans receivable (GAAP)
1.40
%
1.41
%
1.45
%
Allowance for credit losses to loans receivable excluding Government
Guaranteed loans (non-GAAP)
1.45
%
1.47
%
1.51
%
About Riverview
Riverview Bancorp, Inc. (www.riverviewbank.com) is headquartered in Vancouver, Washington – just
north of Portland, Oregon, on the I-5 corridor. With assets of $1.46 billion at March 31, 2026, it is the parent company of Riverview Bank, as well as Riverview Trust Company. The Bank offers true community banking services, focusing on providing the
highest quality service and financial products to commercial, business and retail clients through 17 branches, including 13 in the Metro Portland-Vancouver area, and 3 lending centers. For the past 11 years, Riverview has been named Best Bank by the
readers of The Vancouver Business Journal and The
Columbian.
“Safe Harbor” statement under the Private Securities Litigation Reform Act
of 1995: This press release contains forward-looking statements which include statements with respect to our beliefs, plans, objectives, goals, expectations, assumptions, future economic performance and projections of financial items. These
forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated or implied by our forward-looking statements, including, but not
limited to: potential adverse impacts to economic conditions in our local market areas, other markets where the Company has lending relationships, or other aspects of the
Riverview Fourth Fiscal Quarter 2026 Results
April 28, 2026
Page 8
Company's business operations or financial markets, including, without
limitation, as a result of employment levels, labor shortages and the effects of inflation, a potential recession, the failure of the U.S. Congress to increase the debt ceiling, or slowed economic growth caused by increasing political instability
from acts of war including Russia’s invasion of Ukraine, as well as supply chain disruptions, recent bank failures and any governmental or societal responses thereto; the credit risks of lending activities, including changes in the level and trend of
loan delinquencies and write-offs and changes in the Company’s allowance for credit losses and provision for credit losses that may be impacted by deterioration in the housing and commercial real estate markets; changes in the levels of general
interest rates, and the relative differences between short and long-term interest rates, deposit interest rates, the Company’s net interest margin and funding sources; the transition away from London Interbank Offered Rate toward new interest rate
benchmarks; fluctuations in the demand for loans, the number of unsold homes, land and other properties and fluctuations in real estate values in the Company’s market areas; secondary market conditions for loans and the Company’s ability to originate
loans for sale and sell loans in the secondary market; results of examinations of the Bank by the Federal Deposit Insurance Corporation and the Washington State Department of Financial Institutions, Division of Banks, and of the Company by the Board
of Governors of the Federal Reserve System, or other regulatory authorities, including the possibility that any such regulatory authority may, among other things, require the Company to increase its allowance for credit losses, write-down assets,
reclassify its assets, change the Bank’s regulatory capital position or affect the Company’s ability to borrow funds or maintain or increase deposits, which could adversely affect its liquidity and earnings; legislative or regulatory changes that
adversely affect the Company’s business including changes in banking, securities and tax law, and in regulatory policies and principles, or the interpretation of regulatory capital or other rules; the Company’s ability to attract and retain deposits;
the unexpected outflow of uninsured deposits that may require us to sell investment securities at a loss; the Company’s ability to control operating costs and expenses; the use of estimates in determining fair value of certain of the Company’s
assets, which estimates may prove to be incorrect and result in significant declines in valuation; difficulties in reducing risks associated with the loans on the Company’s consolidated balance sheet; staffing fluctuations in response to product
demand or the implementation of corporate strategies that affect the Company’s workforce and potential associated charges; disruptions, security breaches or other adverse events, failures or interruptions in or attacks on our information technology
systems or on the third-party vendors who perform several of our critical processing functions; the Company’s ability to retain key members of its senior management team; costs and effects of litigation, including settlements and judgments; the
Company’s ability to implement its business strategies; the Company's ability to successfully integrate any assets, liabilities, customers, systems, and management personnel it may acquire into its operations and the Company's ability to realize
related revenue synergies and cost savings within expected time frames; future goodwill impairment due to changes in Riverview’s business, changes in market conditions, or other factors; increased competitive pressures among financial services
companies; changes in consumer spending, borrowing and savings habits; the availability of resources to address changes in laws, rules, or regulations or to respond to regulatory actions; the Company’s ability to pay dividends on its common stock;
the quality and composition of our securities portfolio and the impact of and adverse changes in the securities markets, including market liquidity; inability of key third-party providers to perform their obligations to us; changes in accounting
policies and practices, as may be adopted by the financial institution regulatory agencies or the Financial Accounting Standards Board, including additional guidance and interpretation on accounting issues and details of the implementation of new
accounting standards; the effects of climate change, severe weather events, natural disasters, pandemics, epidemics and other public health crises, acts of war or terrorism, and other external events on our business; and other economic, competitive,
governmental, regulatory, and technological factors affecting the Company’s operations, pricing, products and services, and the other risks described from time to time in our reports filed with and furnished to the U.S. Securities and Exchange
Commission.
The Company cautions readers not to place undue reliance on any
forward-looking statements. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to the Company. The Company does not undertake and specifically disclaims any
obligation to revise any forward-looking statements included in this report or the reasons why actual results could differ from those contained in such statements, whether as a result of new information or to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements. These risks could cause our actual results for fiscal 2026 and beyond to differ materially from those expressed in any forward-looking statements by, or on behalf of, us and
could negatively affect the Company’s consolidated financial condition and consolidated results of operations as well as its stock price performance.
Riverview Fourth Fiscal Quarter 2026 Results
April 28, 2026
Page 9
RIVERVIEW BANCORP, INC. AND SUBSIDIARY
Consolidated Balance Sheets
(In thousands, except share data) (Unaudited)
March 31, 2026
December 31, 2025
March 31, 2025
ASSETS
Cash and cash equivalents (including interest-earning accounts of $104,131,
$
116,866
$
28,641
$
29,414
$14,565 and $14,375)
Investment securities:
Available for sale, at estimated fair value
154,768
118,506
119,436
Held to maturity, at amortized cost
-
183,079
203,079
Loans receivable (net of allowance for credit losses of $15,248,
$15,281 and $15,374)
1,077,236
1,069,885
1,047,086
Prepaid expenses and other assets
13,153
11,997
12,523
Accrued interest receivable
4,133
4,808
4,525
Federal Home Loan Bank ("FHLB") stock, at cost
1,631
3,626
4,342
Premises and equipment, net
20,918
21,406
22,304
Financing lease right-of-use assets
1,048
1,067
1,125
Deferred income taxes, net
12,124
7,583
8,625
Goodwill
27,076
27,076
27,076
Core deposit intangible ("CDI"), net
77
101
171
Bank owned life insurance ("BOLI")
34,779
34,536
33,617
TOTAL ASSETS
$
1,463,809
$
1,512,311
$
1,513,323
LIABILITIES AND SHAREHOLDERS' EQUITY
LIABILITIES:
Deposits
$
1,254,185
$
1,233,518
$
1,232,328
Accrued expenses and other liabilities
18,082
24,565
14,777
Advance payments by borrowers for taxes and insurance
607
313
614
FHLB advances
16,100
60,500
27,091
Junior subordinated debentures
27,179
27,157
76,400
Finance lease liability
2,020
2,041
2,099
Total liabilities
1,318,173
1,348,094
1,353,309
SHAREHOLDERS' EQUITY:
Serial preferred stock, $.01 par value; 250,000 authorized,
issued and outstanding, none
-
-
-
Common stock, $.01 par value; 50,000,000 authorized,
March 31, 2026 – 20,564,719 issued and outstanding;
December 31, 2025 – 20,710,901 issued and outstanding;
203
205
208
March 31, 2025 – 20,976,200 issued and outstanding;
Additional paid-in capital
51,112
51,850
53,392
Retained earnings
113,713
122,167
119,717
Accumulated other comprehensive loss
(19,392
)
(10,005
)
(13,303
)
Total shareholders’ equity
145,636
164,217
160,014
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
$
1,463,809
$
1,512,311
$
1,513,323
Riverview Fourth Fiscal Quarter 2026 Results
April 28, 2026
Page 10
RIVERVIEW BANCORP, INC. AND SUBSIDIARY
Consolidated Statements of Income
Three Months Ended
Twelve Months Ended
(In thousands, except share data) (Unaudited)
March 31, 2026
Dec. 31, 2025
March 31, 2025
March 31, 2026
March 31, 2025
INTEREST INCOME:
Interest and fees on loans receivable
$
13,673
$
14,325
$
12,685
$
55,017
$
50,621
Interest on investment securities - taxable
1,288
1,338
1,484
5,688
6,918
Interest on investment securities - nontaxable
64
64
64
258
260
Other interest and dividends
268
241
261
1,045
1,163
Total interest and dividend income
15,293
15,968
14,494
62,008
58,962
INTEREST EXPENSE:
Interest on deposits
4,247
4,368
3,910
16,749
15,313
Interest on borrowings
865
1,055
1,391
4,911
7,305
Total interest expense
5,112
5,423
5,301
21,660
22,618
Net interest income
10,181
10,545
9,193
40,348
36,344
Provision for credit losses
1,155
100
-
1,255
100
Net interest income after provision for credit losses
9,026
10,445
9,193
39,093
36,244
NON-INTEREST INCOME:
Fees and service charges
1,465
1,597
1,446
6,271
6,002
Asset management fees
1,571
1,585
1,472
6,235
5,906
Income from BOLI
243
231
226
986
941
BOLI death benefit in excess of cash surrender value
-
-
261
-
261
Loss on sale of investment securities
(11,350
)
-
-
(11,350
)
-
Other, net
37
91
302
594
1,146
Total non-interest income (loss), net
(8,034
)
3,504
3,707
2,736
14,256
NON-INTEREST EXPENSE:
Salaries and employee benefits
6,874
7,391
6,763
28,816
26,099
Occupancy and depreciation
1,927
1,874
1,873
7,528
7,560
Data processing
852
856
746
3,228
2,948
Amortization of CDI
23
23
25
93
100
Advertising and marketing
235
255
284
1,060
1,278
FDIC insurance premium
170
166
170
671
688
State and local taxes
324
351
265
1,160
1,042
Telecommunications
53
53
62
202
215
Professional fees
400
413
577
1,583
1,800
Other
650
827
673
3,322
2,532
Total non-interest expense
11,508
12,209
11,438
47,663
44,262
INCOME (LOSS) BEFORE INCOME TAXES
(10,516
)
1,740
1,462
(5,834
)
6,238
PROVISION FOR (BENEFIT OF) INCOME TAXES
(2,474
)
363
314
(1,493
)
1,335
NET INCOME (LOSS)
$
(8,042
)
$
1,377
$
1,148
$
(4,341
)
$
4,903
Earnings (loss) per common share:
Basic
$
(0.39
)
$
0.07
$
0.05
$
(0.21
)
$
0.23
Diluted
$
(0.39
)
$
0.07
$
0.05
$
(0.21
)
$
0.23
Weighted average number of common shares outstanding:
Basic
20,670,199
20,762,668
21,007,294
20,839,900
21,063,467
Diluted
20,670,199
20,762,668
21,007,294
20,839,900
21,063,467
Riverview Fourth Fiscal Quarter 2026 Results
April 28, 2026
Page 11
(Dollars in thousands)
At or for the
three months ended
At or for the
twelve months ended
March 31, 2026
Dec. 31, 2025
March 31, 2025
March 31, 2026
March 31, 2025
AVERAGE BALANCES
Average interest–earning assets
$
1,412,633
$
1,417,625
$
1,412,406
$
1,414,802
$
1,433,071
Average interest-bearing liabilities
1,030,844
1,017,872
1,011,116
1,019,488
1,010,592
Net average earning assets
381,789
399,753
401,290
395,314
422,479
Average loans
1,083,614
1,080,560
1,047,718
1,071,901
1,044,370
Average deposits
1,254,645
1,247,682
1,219,130
1,231,350
1,220,120
Average equity
164,918
164,496
159,766
163,601
158,570
Average tangible equity (non-GAAP)
137,750
137,305
132,506
136,398
131,271
ASSET QUALITY
March 31, 2026
Dec. 31, 2025
March 31, 2025
Non-performing loans
$
7,764
$
1,129
$
155
Non-performing loans to total loans
0.71
%
0.10
%
0.01
%
Non-performing assets
$
7,764
$
1,129
$
155
Non-performing assets to total assets
0.53
%
0.07
%
0.01
%
Net loan charge-offs (recoveries) in the quarter
$
1,105
$
246
$
(22
)
Net charge-offs (recoveries) in the quarter/average net loans
0.41
%
0.09
%
(0.01
)%
Real estate/repossessed assets owned
$
-
$
-
$
-
Allowance for credit losses
$
15,248
$
15,281
$
15,374
Average interest-earning assets to average
interest-bearing liabilities
137.04
%
139.27
%
139.69
%
Allowance for credit losses to
non-performing loans
196.39
%
1353.50
%
9918.71
%
Allowance for credit losses to total loans
1.40
%
1.41
%
1.45
%
Shareholders’ equity to assets
9.95
%
10.86
%
10.57
%
CAPITAL RATIOS
Total capital (to risk weighted assets)
15.62
%
16.47
%
16.27
%
Tier 1 capital (to risk weighted assets)
14.37
%
15.21
%
15.01
%
Common equity tier 1 (to risk weighted assets)
14.37
%
15.21
%
15.01
%
Tier 1 capital (to average tangible assets)
10.60
%
10.86
%
11.10
%
Tangible common equity (to average tangible assets) (non-GAAP)
8.25
%
9.23
%
8.93
%
DEPOSIT MIX
March 31, 2026
Dec. 31, 2025
March 31, 2025
Interest checking
$
316,449
$
319,242
$
285,035
Regular savings
153,490
157,581
168,287
Money market deposit accounts
242,169
224,861
236,044
Non-interest checking
293,458
291,207
315,503
Certificates of deposit
248,619
240,627
227,459
Total deposits
$
1,254,185
$
1,233,518
$
1,232,328
Riverview Fourth Fiscal Quarter 2026 Results
April 28, 2026
Page 12
COMPOSITION OF COMMERCIAL AND CONSTRUCTION LOANS
Other
Commercial
Commercial
Real Estate
Real Estate
& Construction
Business
Mortgage
Construction
Total
March 31, 2026
(Dollars in thousands)
Commercial business
$
219,846
$
-
$
-
$
219,846
Commercial construction
-
-
13,619
13,619
Office buildings
-
115,462
-
115,462
Warehouse/industrial
-
118,292
-
118,292
Retail/shopping centers/strip malls
-
90,388
-
90,388
Assisted living facilities
-
343
-
343
Single purpose facilities
-
287,149
-
287,149
Land
-
9,143
-
9,143
Multi-family
-
103,614
-
103,614
One-to-four family construction
-
-
10,421
10,421
Total
$
219,846
$
724,391
$
24,040
$
968,277
March 31, 2025
(Dollars in thousands)
Commercial business
$
232,935
$
-
$
-
$
232,935
Commercial construction
-
-
18,368
18,368
Office buildings
-
110,949
-
110,949
Warehouse/industrial
-
114,925
-
114,925
Retail/shopping centers/strip malls
-
88,815
-
88,815
Assisted living facilities
-
358
-
358
Single purpose facilities
-
277,137
-
277,137
Land
-
4,610
-
4,610
Multi-family
-
91,452
-
91,452
One-to-four family construction
-
-
10,814
10,814
Total
$
232,935
$
688,246
$
29,182
$
950,363
LOAN MIX
March 31, 2026
Dec. 31, 2025
March 31, 2025
Commercial and construction
(Dollars in thousands)
Commercial business
$
219,846
$
223,904
$
232,935
Other real estate mortgage
724,391
706,051
688,246
Real estate construction
24,040
26,639
29,182
Total commercial and construction
968,277
956,594
950,363
Consumer
Real estate one-to-four family
96,698
98,929
97,683
Other installment
27,509
29,643
14,414
Total consumer
124,207
128,572
112,097
Total loans
1,092,484
1,085,166
1,062,460
Less:
Allowance for credit losses
15,248
15,281
15,374
Loans receivable, net
$
1,077,236
$
1,069,885
$
1,047,086
DETAIL OF NON-PERFORMING ASSETS
Northwest
Southwest
Oregon
Washington
Total
March 31, 2026
(Dollars in thousands)
Commercial business
$
125
$
519
$
644
Commercial real estate
7,077
36
7,113
Consumer
-
7
7
Total non-performing assets
$
7,202
$
562
$
7,764
Riverview Fourth Fiscal Quarter 2026 Results
April 28, 2026
Page 13
At or for the
three months ended
At or for the
twelve months ended
SELECTED OPERATING DATA
March 31, 2026
Dec. 31, 2025
March 31, 2025
March 31, 2026
March 31, 2025
Efficiency ratio (4)
536.00
%
86.90
%
88.67
%
110.63
%
87.47
%
Coverage ratio (6)
88.47
%
86.37
%
80.37
%
84.65
%
82.11
%
Return on average assets (1)
-2.17
%
0.36
%
0.31
%
-0.29
%
0.32
%
Return on average equity (1)
-19.77
%
3.32
%
2.91
%
-2.65
%
3.09
%
Return on average tangible equity (1) (non-GAAP)
-23.67
%
3.98
%
3.51
%
-3.18
%
3.74
%
NET INTEREST SPREAD
Yield on loans
5.12
%
5.26
%
4.91
%
5.13
%
4.85
%
Yield on investment securities
1.82
%
1.77
%
1.84
%
1.87
%
1.96
%
Total yield on interest-earning assets
4.39
%
4.47
%
4.17
%
4.39
%
4.12
%
Cost of interest-bearing deposits
1.80
%
1.85
%
1.76
%
1.82
%
1.74
%
Cost of FHLB advances and other borrowings
4.88
%
5.05
%
5.21
%
5.08
%
5.70
%
Total cost of interest-bearing liabilities
2.01
%
2.11
%
2.13
%
2.12
%
2.24
%
Spread (7)
2.38
%
2.36
%
2.04
%
2.27
%
1.88
%
Net interest margin
2.92
%
2.96
%
2.65
%
2.86
%
2.54
%
PER SHARE DATA
Basic earnings (loss) per share (2)
$
(0.39
)
$
0.07
$
0.05
$
(0.21
)
$
0.23
Diluted earnings (loss) per share (3)
(0.39
)
0.07
0.05
(0.21
)
0.23
Book value per share (5)
7.08
7.93
7.63
7.08
7.63
Tangible book value per share (5) (non-GAAP)
5.76
6.62
6.33
5.76
6.33
Market price per share:
High for the period
$
5.66
$
5.56
$
5.75
$
6.40
$
5.88
Low for the period
5.01
5.02
5.08
4.82
3.64
Close for period end
5.50
5.02
5.65
5.50
5.65
Cash dividends declared per share
0.0200
0.0200
0.0200
0.0800
0.0800
Average number of shares outstanding:
Basic (2)
20,670,199
20,762,668
21,007,294
20,839,900
21,063,467
Diluted (3)
20,670,199
20,762,668
21,007,294
20,839,900
21,063,467
(1)
Amounts for the periods shown are annualized.
(2)
Amounts exclude ESOP shares not committed to be released.
(3)
Amounts exclude ESOP shares not committed to be released and include common stock equivalents.
(4)
Non-interest expense divided by net interest income and non-interest income.
(5)
Amounts calculated based on shareholders’ equity and include ESOP shares not committed to be released.
(6)
Net interest income divided by non-interest expense.
(7)
Yield on interest-earning assets less cost of funds on interest-bearing liabilities.
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v3.26.1
Document and Entity Information
Apr. 28, 2026
Cover [Abstract]
Document Type
8-K
Amendment Flag
false
Document Period End Date
Apr. 28, 2026
Entity File Number
000-22957
Entity Registrant Name
RIVERVIEW BANCORP, INC.
Entity Central Index Key
0001041368
Entity Incorporation, State or Country Code
WA
Entity Tax Identification Number
91-1838969
Entity Address, Address Line One
900 Washington Street
Entity Address, Address Line Two
Suite 900
Entity Address, City or Town
Vancouver
Entity Address, State or Province
WA
Entity Address, Postal Zip Code
98660
City Area Code
360
Local Phone Number
693-6650
Title of 12(b) Security
Common Stock, Par Value $0.01 per share
Trading Symbol
RVSB
Security Exchange Name
NASDAQ
Entity Emerging Growth Company
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- Definition
Cover page.
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For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
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- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
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No definition available.
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- Definition
Address Line 1 such as Attn, Building Name, Street Name
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- Definition
Address Line 2 such as Street or Suite number
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- Definition
Name of the City or Town
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- Definition
Code for the postal or zip code
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- Definition
Name of the state or province.
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No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
Indicate if registrant meets the emerging growth company criteria.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
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No definition available.
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- Definition
Two-character EDGAR code representing the state or country of incorporation.
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No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
Local phone number for entity.
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
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- Definition
Title of a 12(b) registered security.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
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- Definition
Name of the Exchange on which a security is registered.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
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-Number 240
-Section 14a
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- Definition
Trading symbol of an instrument as listed on an exchange.
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
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