Year in Review Riverview Bancorp, Inc. Annual Report 2021 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 2021 $ 48,344 3,427 44,917 6,300 38,617 11,090 36,254 13,453 2,981 $ 10,472 22,296,195 2020 $ 50,495 4,764 45,731 1,250 44,481 12,360 36,263 20,578 4,830 $ 15,748 22,707,624 2019 $ 49,869 2,815 47,054 50 47,004 11,107 35,699 22,412 5,146 $ 17,266 22,588,395 PER COMMON SHARE Net income Cash dividends Book value Closing price FISCAL YEAR-END BALANCES Assets Loans, net Deposits Shareholders’ equity $ 0.47 0.200 6.78 6.93 $ 0.69 0.190 6.60 5.01 $ 0.76 0.150 5.89 7.31 $ 1,549,158 924,057 1,346,060 151,594 $ 1,180,808 898,885 990,448 148,843 $ 1,156,921 864,659 925,068 133,122 Total # of common shares outstanding Full-time equivalent employees Number of banking facilities 22,351,235 232 17 22,544,285 252 18 22,607,712 250 18 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 0.74% 6.91 3.41 64.73 0.04 2.03 9.79% 1.35% 10.96 4.26 62.42 0.12 1.38 12.61% 1.51% 13.86 4.45 61.38 0.13 1.31 11.51% For complete financial details and other information, please see the 2021 Riverview Bancorp, Inc. 10-K. Greetings from the Pacific Northwest: Riverview Bancorp is nestled in Southwest Washington, the Columbia River Gorge and throughout Oregon. The only thing that divides these two regions is the mighty Columbia River. The Pacific Northwest (fondly referred to as PNW by the locals) is home to some of the most beautiful spaces in the world. What a year it has been. A year ago, when we wrote to you, we were a few months into the pandemic. We were far enough into COVID-19 that we understood we were in for the long haul. Reel ahead another year, and we have good news for you. Along with our financial story, which is the focus of this report, we also wanted to report that our operations are moving forward in new, creative ways. Like many organizations, we are embracing new ways to work, with new technology to serve clients as well as staff needs, while thinking critically about many of the ways we have conducted business. Looking back for a moment, we have good news to share with you: Financial highlights: · Fiscal year profits of $10.5 million, or $0.47 per diluted share · Our loan portfolio increased by $31.7 million · Total deposits increased by $355.6 million to $1.35 billion · Nonperforming assets continued to shrink down to 0.04% of total assets · Maintained quarterly cash dividend of $0.05 per share · Tangible book value per share increased $0.17 to $5.54 · Strong total capital ratio and Tier 1 leverage ratio of 17.35% and 9.63%, respectively · Riverview Trust increased their Assets Under Management to $1.3 billion Riverview Bancorp is not resting on its laurels, but is moving forward with stakeholders, our staff, and community. We are finding new ways to do things with emerging technology that will make us more efficient and better serve our customers. After opening two branches in 2020, we are continuing the trend with a new location in fall 2021 in Ridgefield, Washington, which, with 78% growth, is the second fastest growing city in Washington. Riverview Bancorp is not new to the area. In fact, Riverview has more than 1,000 customers in this zip code and will continue to be an active member of this expanding community. Riverview continues recruiting a skilled workforce at every level of our business. Friendly, skilled staff has always been our competitive advantage. Some of the niche banking areas call for specific skills to reach new customers and connect in different ways with existing customers. Recruiting and retaining staff that can fill these needs will continue to be a focus area. We understand you have a lot of choices for investing. Thank you for selecting Riverview Bancorp. We are grateful. Warm regards, Jerry Nies Chairman of the Board Kevin Lycklama President and Chief Executive Officer What makes a great bank? A great community. What makes a great bank? A great community. What makes a great bank? A great community. 465,717 People touched by our community giving 1,647 Employee Volunteer Hours 116 Local Organizations $180,186 in donations to local organizations whose missions include: Animal Welfare Children Services Civic Services Economic Development Education Environmental Family Services Financial Literacy Food Drives Homeownership Parks and Recreation Senior Services Veteran Services 33 Board of Director positions held by staff members American Legion Post #116 Battle Ground Citizens for Better Schools Battle Ground Rotary Club Foundation Camp Hope Community Bankers of Washington Community Foundation of Southwest Washington East Vancouver Business Association Family Solutions Free Clinic of SW Washington Humane Society for Southwest Washington Identity Clark County Immigrant & Refugee Community Organization J. Scott Campbell Foundation Junior Achievement of Oregon and SW Washington Klickitat County Public Economic Development Authority Klineline Kids Fishing Nonprofit Leadership Clark County Lifeline Connections Mt Hood Community College Foundation Northwest Association for Blind Athletes Parks Foundation of Clark County Portland Police Bureau Slavic Advisory Council Providence St. Vincent Medical Foundation Rotary Club of Battle Ground Rotary Club of White Salmon-Bingen Six Rivers Dispute Resolution Center Skamania County Fair Board The Historic Trust The Snowman Foundation Ukrainian American Cultural Association Washington State University Advisory Council West Klickitat Community Housing Development XChange Recovery Corporate Office Corporate Office 900 Washington Street 900 Washington Street Suite 900 Vancouver, Washington 98660 360-514-5000 RiverviewBank.com Stock Listing Stock Listing NASDAQ Global Select Market Symbol RVSB NASDAQ Global Select Market Symbol RVSB Transfer Agent Broadridge Corporate Issuer Solutions, Inc. 855-802-4983 Shareholder@Broadridge.com