2019 COMMUNITY INVESTMENT LOCAL DONATIONS EMPLOYEE VOLUNTEER VOLUNTEER VOLUNTEER HOURS HOURS HOURS $431,798 5,107 5,1075,107 154 B O A R D POSITIONS D L L E E H H D6969 69 L O C A L ORGANIZATIONS 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 Shareholder@Broadridge.com Photography by: Photography by: Gary Nasca Gary Nasca YEAR IN REVIEW RIVERVIEW BANCORP, INC. ANNUAL REPORT 2019 RIVERVIEW BANCORP, INC. ANNUAL REPORT 2019 RIVERVIEW BANCORP, INC. ANNUAL REPORT 2019 FINANCIAL HIGHLIGHTS FOR THE YEAR ENDED March 31: (Dollars in thousands, except share data) Interest and dividend income Interest expense Net interest income Provision for loan losses Net interest income after provision for loan losses Non-interest income Non-interest expense Income before income taxes Provision for income taxes Net income Average # of common shares outstanding 2019 $ 49,118 2,815 46,303 50 46,253 11,858 35,699 22,412 5,146 $ 17,266 22,588,396 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 PER COMMON SHARE Net Income Cash dividends Book value Closing price FISCAL YEAR END BALANCES Assets Loans, net Deposits Shareholders’ equity $ 0.76 0.150 5.89 7.31 $ 0.45 0.105 5.18 9.34 $ 0.33 0.080 4.94 7.15 $ 1,156,921 864,659 925,068 133,122 $ 1,151,535 800,610 995,691 116,901 $ 1,133,939 768,904 980,058 111,264 Total # of common shares outstanding Full-time equivalent employees Number of banking facilities 22,607,712 250 19 22,570,179 258 20 22,510,890 260 20 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 % 1.51 13.86 4.38 61.38 0.13 1.31 11.51 % 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 For complete financial details and other information, please see the 2019 Riverview Bancorp, Inc. 10-K. To Our Shareholders, Employees, and Friends; We are excited to announce that, with a net income of $17.3 million, fiscal year 2019 was our single most profitable year in the history of the Bank. Driven by high-quality loan growth, solid revenue generation, expense management and a focus on continuous improvement, we are positioned to bring more successes in the coming year Financial highlights: • Fiscal year profits up 69% to $17.3 million, or $0.76 per diluted share • Net interest margin increased 30 basis points to 4.38% • Our loan portfolio increased by $64.7 million • Nonperforming assets shrank to 0.13% of total assets from 0.24% in 2018 • Increased quarterly cash dividend of $0.03 per share to $0.04 per share • Tangible book value per share increased to $4.65 • Increased Capital ratio and a Tier 1 leverage ratio of 16.88% and 11.56%, respectively • Riverview Trust Company increased their Assets Under Management 33% to $646 million As promised, over the last year we’ve made significant investments in technology to strengthen our products and services to further solidify ourselves as an institution that can compete on all levels. We are already seeing successes, such as increasing our e-Statement enrollment by 50% and online banking users by 10%. We’re getting ready to launch Encompass, the leading mortgage origination software, which will add tremendous efficiencies in the back office and also allow our clients to apply online for Mortgage and Home Equity accounts from any device. Our Merchant Services team continues to add new solution options for our clients to make card processing more convenient with leading technology to help them thrive. Not only are we making investments in technology, but more importantly the people who make us who we are. From our IT department to seasoned professionals in the commercial and mortgage lending areas, we are making the right hires to promote success for years to come. As we head into the next fiscal year with positive momentum, our strong team of experienced bankers are well-positioned to generate solid operating results. As the largest community bank headquartered in the Oregon and SW Washington region, we’re passionate about spreading our message and brand to an expanding base of small businesses and centers of influence within our communities. We’ve stayed true to our community bank roots of providing Local, Personal Service, which is why for the sixth 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, respectively. Additionally, Riverview has again been awarded a 5-Star Superior Rating for financial strength from Bauer Financial, as well as another 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