Corporate Office 900 Washington Street Suite 900 Vancouver, Washington 98660 360-693-6650 RiverviewBank.com Stock Listing NASDAQ Global Select Market Symbol RVSB Transfer Agent Broadridge Corporate Issuer Solutions, Inc. Phone: 855-802-4983 Photography by: Gary Nasca YEAR IN REVIEW RIVERVIEW BANCORP, INC. ANNUAL REPORT 2018 RIVERVIEW BANCORP, INC. ANNUAL REPORT 2018 RIVERVIEW BANCORP, INC. ANNUAL REPORT 2018 FINANCIAL HIGHLIGHTS FOR THE YEAR ENDED March 31: (Dollars in thousands, except share data) Interest and dividend income Interest expense Net interest income Recapture of loan losses Net interest income after recapture of loan losses Non-interest income Non-interest expense Income before income taxes Provision for income taxes Net income Average # of common shares outstanding PER COMMON SHARE Net Income Cash dividends Book value Closing price FISCAL YEAR END BALANCES Assets Loans, net Deposits Shareholders’ equity Total # of common shares outstanding Full-time equivalent employees Number of banking facilities FINANCIAL RATIOS Return on average assets Return on average equity Net interest margin Efficiency ratio Non-performing assets to total assets Allowance for loan losses to total loans Equity to assets at period end 2018 $ 44,960 2,349 42,611 - 42,611 11,004 35,618 17,997 7,755 $ 10,242 22,531,480 2017 $ 35,627 1,869 33,758 - 33,758 10,014 32,981 10,791 3,387 $ 7,404 22,478,306 2016 $ 30,948 1,742 29,206 (1,150) 30,356 9,375 29,947 9,784 3,426 $ 6,358 22,450,252 $ 0.45 0.105 5.18 9.34 $ 0.33 0.080 4.94 7.15 $ 0.28 0.065 4.81 4.20 $ 1,151,535 800,610 995,691 116,901 $ 1,133,939 768,904 980,058 111,264 $ 921,229 614,934 779,803 108,273 22,570,179 258 20 22,510,890 260 20 22,507,890 229 18 % 0.90 8.78 4.08 66.43 0.24 1.33 10.15 0.76% 6.66 3.79 75.35 0.27 1.35 9.81 0.54% 5.93 3.67 77.62 0.36 1.58 11.75 For complete f inancial details and other information, please see the 2018 Riverview Bancorp, Inc. 10-K. To Our Shareholders, Employees, and Friends; We are excited to announce that, with a net income of $10.2 million, fiscal year 2018 was one of our most profitable years in the history of the Bank. Supported by strong balance sheet growth, the expansion of our net interest margin, and improving operating efficiencies, our dedicated employees continue to remain committed to cultivating relationships with our clients and ensuring they are educated on all the relevant services available to them. Financial highlights: • Fiscal year profits up 38% to $10.2 million, or $0.45 per diluted share • Net interest margin increased 29 basis points to 4.08% • Our loan portfolio increased by $32 million • Total deposits increased by over $15 million to $995 million • Nonperforming assets shrank to 0.24% of total assets from 0.27% in 2017 and 0.36% in 2016 • Tangible book value per share increased 25 basis points to $3.93 • Capital ratio and a Tier 1 leverage ratio of 15.41% and 10.26%, respectively This past year brought several planned changes in our leadership team with the retirements of Pat Sheaffer, Ron Wysaske, and Richard Michalek, as well as the following promotions: - Kevin Lycklama, President & Chief Executive Officer - Kim Capeloto, EVP/Chief Banking Officer - Steve Plambeck, EVP/Chief Lending Officer - David Lam, EVP/Chief Financial Officer It’s noteworthy to mention that these executive positions were all internal moves, further solidifying our belief that we’ve assembled a first-rate leadership team, whose focus in the coming fiscal year remains on growing the franchise in our local markets, continuing to improve our profitability, and investing in solutions to best position Riverview for sustained success. As the digital payments space continues to expand, it’s imperative that we stay abreast of new developments in financial technology to not only stay competitive with our peers, but to provide the best products and services to our increasingly savvy client base. In the coming months you will see new and improved services designed to make banking more accessible, more convenient, and more secure than ever before. Even as we grow and evolve, we remain steadfast in our belief of Community Banking. As the largest community bank in the Portland metro area, we’re uniquely positioned to build and maintain deep, lasting partnerships with local small businesses, community minded individuals, and service organizations. We’ve stayed true to our mission of providing Local, Personal Service, which is why for the fifth straight year, the readers of The Columbian, The Vancouver Business Journal, and The Gresham Outlook voted Riverview as the Best Bank, Best Business Bank, and Best Financial Institution. Additionally, Riverview has again been awarded a 5-Star Superior Rating for financial strength from Bauer Financial, as well as a Corporate Philanthropy Award from the Portland Business Journal. We’re extremely optimistic about the future of our Company and our communities. We thank you for your continued support and loyalty. Patrick Sheaffer Chairman Kevin Lycklama President and Chief Executive Officer