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UNITED\ue000 STATES
SECURITIES\ue000 AND\ue000 EXCHANGE\ue000 COMMISSION
Washington,\ue000 D.C.\ue000 20549
FORM\ue000 8-K
CURRENT\ue000 REPORT
Pursuant\ue000 to\ue000 Section\ue000 13\ue000 or\ue000 15(d)\ue000 of\ue000 the\ue000 Securities\ue000 Exchange\ue000 Act\ue000 of\ue000 1934
Date\ue000 of\ue000 Report\ue000 (Date\ue000 of\ue000 earliest\ue000 event\ue000 reported):\ue000January\ue000 29,\ue000 2009
RIVERVIEW\ue000 BANCORP,\ue000 INC.
(Exact\ue000 name\ue000 of\ue000 registrant\ue000 as\ue000 specified\ue000 in\ue000 its\ue000 charter)
Washington
000-22957
91-1838969
(State\ue000 or\ue000 other\ue000 jurisdiction
of\ue000 incorporation)
(Commission
File\ue000 Number)
(I.R.S.\ue000 Employer
Identification\ue000 No.)
900\ue000 Washington\ue000 Street,\ue000 Suite\ue000 900,\ue000 Vancouver,\ue000 Washington\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000
98660
(Address\ue000 of\ue000 principal\ue000 executive\ue000 offices)\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000
(Zip\ue000 Code)
Registrant\u2019s\ue000 telephone\ue000 number,\ue000 including\ue000 area\ue000 code:\ue000 \ue000(360)\ue000 693-6650
Check\ue000 the\ue000 appropriate\ue000 box\ue000 below\ue000 if\ue000 the\ue000 Form\ue000 8-K\ue000 filing\ue000 is\ue000 intended\ue000 to\ue000 simultaneously\ue000 satisfy\ue000 the\ue000 filing\ue000 obligation\ue000 of\ue000 the\ue000 registrant\ue000 under\ue000 any\ue000 of
the\ue000 following\ue000 provisions.
\ue000
[\ue000 \ue000 ]\ue000 \ue000 \ue000 Written\ue000 communications\ue000 pursuant\ue000 to\ue000 Rule\ue000 425\ue000 under\ue000 the\ue000 Securities\ue000 Act\ue000 (17\ue000 CFR\ue000 230.425)
\ue000
[\ue000 \ue000 ]\ue000\ue000\ue000\ue000 Soliciting\ue000 material\ue000 pursuant\ue000 to\ue000 Rule\ue000 14a-12\ue000 under\ue000 the\ue000 Exchange\ue000 Act\ue000 (17\ue000 CFR\ue000 240.14a-12)
\ue000
[\ue000 \ue000 ]\ue000\ue000\ue000\ue000 Pre-commencement\ue000 communications\ue000 pursuant\ue000 to\ue000 Rule\ue000 14d-2(b)\ue000 under\ue000 the\ue000 Exchange\ue000 Act\ue000\ue000\ue000\ue000\ue000\ue000\ue000 (17\ue000 CFR\ue000 240.14d-2(b))
\ue000
[\ue000 \ue000 ]\ue000\ue000\ue000\ue000 Pre-commencement\ue000 communications\ue000 pursuant\ue000 to\ue000 Rule\ue000 13e-4(c)\ue000 under\ue000 the\ue000 Exchange\ue000 Act\ue000\ue000\ue000\ue000\ue000\ue000\ue000 (17\ue000 CFR\ue000 240.13e-4(c))
\ue000
\ue000
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\ue000
Item\ue000 2.02\ue000 \ue000 Results\ue000 of\ue000 Operations\ue000 and\ue000 Financial\ue000 Condition.
On\ue000 January\ue000 29,\ue000 2009,\ue000 Riverview\ue000 Bancorp,\ue000 Inc.\ue000 issued\ue000 its\ue000 earnings\ue000 release\ue000 for\ue000 the\ue000 quarter\ue000 ended\ue000 December\ue000 31,\ue000 2008.\ue000 A\ue000 copy\ue000 of\ue000 the\ue000 press
release\ue000 is\ue000 attached\ue000 hereto\ue000 as\ue000 Exhibit\ue000 99.1\ue000 and\ue000 is\ue000 incorporated\ue000 herein\ue000 by\ue000 reference.
Item\ue000 9.01\ue000 \ue000 Financial\ue000 Statements\ue000 and\ue000 Exhibits.
(d)\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000 Exhibits
99.1\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000 News\ue000 Release\ue000 of\ue000 Riverview\ue000 Bancorp,\ue000 Inc.\ue000 dated\ue000 January\ue000 29,\ue000 2009.
\ue000
\ue000
\ue000
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\ue000
SIGNATURES
Pursuant\ue000 to\ue000 the\ue000 requirements\ue000 of\ue000 the\ue000 Securities\ue000 Exchange\ue000 Act\ue000 of\ue000 1934,\ue000 the\ue000 Registrant\ue000 has\ue000 duly\ue000 caused\ue000 this\ue000 report\ue000 to\ue000 be\ue000 signed\ue000 on\ue000 its\ue000 behalf\ue000 by
the\ue000 undersigned\ue000 hereunto\ue000 duly\ue000 authorized.
\ue000
\ue000
\ue000
RIVERVIEW\ue000 BANCORP,\ue000 INC.\ue000
\ue000
\ue000
\ue000
\ue000
Date:\ue000 \ue000 February\ue000 23,\ue000 2009\ue000
/s/Kevin\ue000 J.\ue000 Lycklama\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000
\ue000
Kevin\ue000 J.\ue000 Lycklama\ue000
\ue000
Chief\ue000 Financial\ue000 Officer\ue000
\ue000
(Principal\ue000 Financial\ue000 Officer)\ue000
\ue000
\ue000
\ue000
\ue000
\ue000
Exhibit\ue000 99.1
\ue000
\ue000
\ue000
\ue000
Contacts:\ue000\ue000\ue000\ue000\ue000\ue000\ue000 Pat\ue000 Sheaffer\ue000 or\ue000 Ron\ue000 Wysaske,
Riverview\ue000 Bancorp,\ue000 Inc.\ue000 360-693-6650\ue000
\ue000
\ue000
Riverview\ue000 Bancorp\ue000 Earns\ue000 $1.5\ue000 Million\ue000 in\ue000 Fiscal\ue000 Third\ue000 Quarter;
Significantly\ue000 Increases\ue000 Liquidity\ue000 Through\ue000 Fed\u2019s\ue000 Primary\ue000 Credit\ue000 Program

Vancouver,\ue000 WA\ue000 \u2013\ue000 January\ue000 29,\ue000 2009\ue000 \u2013\ue000 Riverview\ue000 Bancorp,\ue000 Inc.\ue000 (NASDAQ\ue000 GSM:\ue000 RVSB)\ue000 today\ue000 reported\ue000 net\ue000 income\ue000 of\ue000 $1.5\ue000 million,\ue000 or\ue000 $0.14\ue000 per
diluted\ue000 share,\ue000 in\ue000 the\ue000 third\ue000 quarter\ue000 of\ue000 fiscal\ue000 2009\ue000 ended\ue000 December\ue000 31,\ue000 2008,\ue000 compared\ue000 to\ue000 $2.2\ue000 million,\ue000 or\ue000 $0.21\ue000 per\ue000 diluted\ue000 share,\ue000 in\ue000 the\ue000 third
quarter\ue000 of\ue000 fiscal\ue000 2008.

For\ue000 the\ue000 first\ue000 nine\ue000 months\ue000 of\ue000 fiscal\ue000 2009,\ue000 Riverview\ue000 reported\ue000 a\ue000 net\ue000 loss\ue000 of\ue000 $1.9\ue000 million,\ue000 or\ue000 $0.18\ue000 per\ue000 diluted\ue000 share,\ue000 compared\ue000 to\ue000 earnings\ue000 of\ue000 $7.5 million,\ue000 or\ue000 $0.67\ue000 per\ue000 diluted\ue000 share,\ue000 for\ue000 the\ue000 first\ue000 nine\ue000 months\ue000 of\ue000 fiscal\ue000 2008.\ue000 \ue000 Financial\ue000 results\ue000 for\ue000 fiscal\ue000 2009\ue000 include\ue000 a\ue000 $3.4\ue000 million\ue000 non-cash\ue000 other than\ue000 temporary\ue000 impairment\ue000 (OTTI)\ue000 charge\ue000 on\ue000 an\ue000 investment\ue000 security\ue000 and\ue000 a\ue000 $7.2\ue000 million\ue000 provision\ue000 for\ue000 loan\ue000 losses\ue000 in\ue000 the\ue000 second\ue000 fiscal\ue000 quarter ended\ue000 September\ue000 30,\ue000 2008.

\u201cOur\ue000 third\ue000 quarter\ue000 results\ue000 were\ue000 solid\ue000 as\ue000 we\ue000 continue\ue000 to\ue000 strengthen\ue000 our\ue000 franchise,\u201d\ue000 said\ue000 Pat\ue000 Sheaffer,\ue000 Chairman\ue000 and\ue000 CEO.\ue000 \ue000 \u201cLoan\ue000 and\ue000 deposit
growth\ue000 was\ue000 strong,\ue000 with\ue000 loan\ue000 balances\ue000 up\ue000 13%\ue000 year-over-year\ue000 and\ue000 5%\ue000 over\ue000 the\ue000 prior\ue000 quarter\ue000 and\ue000 deposit\ue000 balances\ue000 increasing\ue000 11%\ue000 year-over-
year\ue000 and\ue000 8%\ue000 over\ue000 the\ue000 prior\ue000 quarter.\ue000 \ue000 However,\ue000 we\ue000 have\ue000 not\ue000 been\ue000 immune\ue000 to\ue000 the\ue000 current\ue000 economic\ue000 slowdown\ue000 in\ue000 our\ue000 markets\ue000 and\ue000 as\ue000 such,\ue000 we
expect\ue000 loan\ue000 growth\ue000 to\ue000 slow\ue000 in\ue000 the\ue000 coming\ue000 calendar\ue000 year.\ue000 \ue000 We\ue000 will\ue000 continue\ue000 to\ue000 focus\ue000 on\ue000 reducing\ue000 controllable\ue000 expenses\ue000 throughout\ue000 the\ue000 year\ue000 and
stabilizing\ue000 the\ue000 net\ue000 interest\ue000 margin.\u201d

\u201cWe\ue000 continue\ue000 to\ue000 maintain\ue000 capital\ue000 levels\ue000 in\ue000 excess\ue000 of\ue000 the\ue000 well-capitalized\ue000 regulatory\ue000 threshold,\u201d\ue000 stated\ue000 Sheaffer.\ue000 \ue000 \u201cIn\ue000 addition\ue000 to\ue000 our\ue000 solid
customer\ue000 base,\ue000 we\ue000 have\ue000 available\ue000 to\ue000 us\ue000 further\ue000 sources\ue000 of\ue000 liquidity,\ue000 including\ue000 additional\ue000 borrowings\ue000 from\ue000 the\ue000 Federal\ue000 Home\ue000 Loan\ue000 Bank,\ue000 the\ue000 sale
of\ue000 certain\ue000 available\ue000 for\ue000 sale\ue000 securities,\ue000 borrowings\ue000 at\ue000 correspondent\ue000 banks\ue000 and\ue000 wholesale\ue000 markets,\ue000 including\ue000 brokered\ue000 deposits.\ue000 \ue000 In\ue000 January
2009,\ue000 we\ue000 were\ue000 approved\ue000 for\ue000 participation\ue000 in\ue000 the\ue000 Federal\ue000 Reserve\ue000 Bank\u2019s\ue000 primary\ue000 credit\ue000 program.\ue000 \ue000 This\ue000 program,\ue000 coupled\ue000 with\ue000 our\ue000 other\ue000 funding
sources,\ue000 will\ue000 give\ue000 us\ue000 available\ue000 liquidity\ue000 of\ue000 $400\ue000 million,\ue000 or\ue000 43%\ue000 of\ue000 total\ue000 assets.\ue000 \ue000 With\ue000 our\ue000 growing\ue000 capital\ue000 and\ue000 liquidity\ue000 levels,\ue000 we\ue000 are\ue000 confident
that\ue000 we\ue000 are\ue000 well\ue000 positioned\ue000 to\ue000 work\ue000 through\ue000 the\ue000 challenges\ue000 of\ue000 this\ue000 difficult\ue000 economic\ue000 period.\u201d

\u201cWe\ue000 have\ue000 continued\ue000 to\ue000 rely\ue000 on\ue000 core\ue000 deposits\ue000 and\ue000 our\ue000 long-standing\ue000 customer\ue000 base\ue000 to\ue000 grow\ue000 our\ue000 deposits,\u201d\ue000 said\ue000 Sheaffer.\ue000 \ue000 \u201cOur\ue000 stable\ue000 funding sources\ue000 remain\ue000 a\ue000 strength\ue000 for\ue000 Riverview,\ue000 as\ue000 we\ue000 have\ue000 traditionally\ue000 focused\ue000 on\ue000 less\ue000 volatile\ue000 sources\ue000 of\ue000 deposits.\u201d\ue000 \ue000 Non-brokered\ue000 deposits\ue000 have increased\ue000 $32.1\ue000 million,\ue000 up\ue000 5%\ue000 for\ue000 the\ue000 quarter\ue000 or\ue000 20%\ue000 annualized,\ue000 since\ue000 September\ue000 30,\ue000 2008.\ue000 \ue000 At\ue000 December\ue000 31,\ue000 2008,\ue000 brokered\ue000 deposits

accounted\ue000 for\ue000 5.2%\ue000 of\ue000 total\ue000 deposits.
Riverview\u2019s\ue000 actual\ue000 and\ue000 required\ue000 minimum\ue000 capital\ue000 amounts\ue000 and\ue000 ratios\ue000 are\ue000 presented\ue000 in\ue000 the\ue000 following\ue000 table.
\ue000
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