Groowe Groowe BETA / Newsroom
⏱ News is delayed by 15 minutes. Sign in for real-time access. Sign in

Form 8-K

sec.gov

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)

GRAPHIC (image0.jpg)

GRAPHIC (image1.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

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.

GRAPHIC

GRAPHIC

Filename: image0.jpg · Sequence: 6

Binary file (269437 bytes)

Download image0.jpg

GRAPHIC

GRAPHIC

Filename: image1.jpg · Sequence: 7

Binary file (96096 bytes)

Download image1.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 9

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

false

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

X

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

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.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

na

Period Type:

duration

X

- 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'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Address Line 2 such as Street or Suite number

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

na

Period Type:

duration

X

- 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

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- 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.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

X

- 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

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- 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 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

na

Period Type:

duration

X

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

na

Period Type:

duration

X

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration