RIVERVIEW BANCORP INC 10-Q

RIVERVIEW BANCORP INC_June 30, 2026 Table of Contents ​ ​ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ​ ​ ​ For the quarterly period ended June 30, 2026 ​ ​ OR ​ ​ ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ​ ​ For the transition period from to ​ Commission File Number: 000-22957 ​ ​ ​ ​ RIVERVIEW BANCORP, INC. (Exact name of registrant as specified in its charter) ​ ​ ​ Washington ​ 91-1838969 (State or other jurisdiction of incorporation or organization) ​ (I.R.S. Employer I.D. Number) ​ ​ ​ 900 Washington St. , Ste. 900 , Vancouver , Washington ​ 98660 (Address of principal executive offices) ​ (Zip Code) ​ ​ ​ Registrant’s telephone number, including area code: ​ ( 360 ) 693-6650 ​ ​ ​ 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 ​ The NASDAQ Stock Market LLC ​ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. ​ Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ 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. ☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: Common Stock, $.01 par value per share, 19,953,186 shares outstanding, as of August 14, 2026. ​ ​ ​ ​ ​ Table of Contents Form 10-Q RIVERVIEW BANCORP, INC. AND SUBSIDIARY INDEX ​ ​ Page Part I. Financial Information 4 Item 1: Financial Statements (Unaudited) 4 Consolidated Balance Sheets as of June 30, 2026 and March 31, 202 6 4 Consolidated Statements of Income for the Three Months Ended June 30, 2026 and 202 5 5 Consolidated Statements of Comprehensive Income for the Three Months Ended June 30, 2026 and 202 5 6 Consolidated Statements of Shareholders’ Equity for the Three Months Ended June 30, 2026 and 202 5 7 Consolidated Statements of Cash Flows for the Three Months Ended June 30, 2026 and 202 5 8 Notes to Consolidated Financial Statements 9 Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations 31 Item 3: Quantitative and Qualitative Disclosures About Market Risk 45 Item 4: Controls and Procedures 45 Part II. Other Information 46 Item 1: Legal Proceedings 46 Item 1A: Risk Factors 46 Item 2: Unregistered Sales of Equity Securities and Use of Proceeds 46 Item 3: Defaults Upon Senior Securities 46 Item 4: Mine Safety Disclosures 46 Item 5: Other Information 46 Item 6: Exhibits 48 SIGNATURES 49 Certifications ​ ​ ​ Exhibit 31.1 ​ ​ ​ ​ Exhibit 31.2 ​ ​ ​ ​ ​ Exhibit 32 ​ ​ ​ ​ ​ Table of Contents Forward-Looking Statements ​ As used in this Form 10-Q, the terms “we,” “our,” “us,” “Riverview” and “Company” refer to Riverview Bancorp, Inc. and its consolidated subsidiaries, including its wholly-owned subsidiary, Riverview Bank (the “Bank”), unless the context indicates otherwise. ​ “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995 (“PSLRA”): When used in this Form 10-Q, the words “believes,” “expects,” “anticipates,” “estimates,” “forecasts,” “intends,” “plans,” “targets,” “potentially,” “probably,” “projects,” “outlook,” or similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would,” and “could,” or similar expressions are intended to identify “forward-looking statements” within the meaning of the PSLRA. Forward-looking statements 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 expressed or implied by our forward-looking statements, including, but not limited to: ​ ● Adverse economic conditions in our local markets or other markets where we have lending relationships. ● Changes in employment levels, labor shortages, persistent inflation, recessionary pressures, or slowing economic growth. ● Changes in interest rate levels and volatility, and the timing and pace of such changes, including actions by the Board of Governors of the Federal Reserve System (“Federal Reserve”). ● The impact of inflation and related monetary and fiscal policy responses. ● Effects of a federal government shutdown, debt ceiling standoff, or other fiscal uncertainty. ● Bank failures or adverse developments at other banks, and any governmental or societal responses. ● Credit risks of lending activities, including loan delinquencies, write-offs, changes in our allowance for credit losses and provision for credit losses. ● Changes in the general interest rates, short and long-term interest rate differentials, deposit interest rates, our net interest margin and funding sources. ● Fluctuations in loan demand, unsold homes, land and property values and secondary market conditions for loans. ● Results of examinations by regulatory authorities and potential requirements to increase credit loss allowances, write-down assets, reclassify assets, change our regulatory or capital position or affect our liquidity and earnings. ● The ability to adapt to rapid technological changes, including advancements related to artificial intelligence; (“AI”), digital banking platforms, and cybersecurity. ● Risks associated with the use of AI in credit underwriting, customer service, and operations, including model error, algorithmic bias, regulatory scrutiny under fair lending laws, and reliance on third-party AI providers; ● Legislation or regulatory changes, including but not limited to changes in capital requirements, banking regulation, tax laws, or consumer protection laws. ● Our ability to attract and retain deposits and manage operating costs and expenses. ● Use of estimates in determining the fair value of assets, which may prove incorrect. ● Staffing fluctuations in response to product demand or corporate strategy implementation. ● Vulnerabilities in information systems or third-party service providers, including disruptions, breaches, or attacks. ● Retention of key senior management members. ● Costs and effects of litigation. ● Expectations regarding key growth initiatives and strategic priorities. ● Future goodwill impairment. ● Increased competitive pressures among financial services companies, including repricing and competitors’ pricing initiatives, and their impact on our market position and loan and deposit products. ● Changes in consumer spending, borrowing and savings habits. ● Resource availability to address changes in laws, rules, or regulations or to respond to regulatory actions. ● Our ability to pay dividends on common stock. ● Quality and composition of our securities portfolio and adverse changes in securities markets. ● Inability of key third-party providers to fulfill obligations. ● Changes in accounting policies and practices. ● Geopolitical developments and international conflicts, including but not limited to tensions or instability in Eastern Europe, the Middle East, and Asia, or the effects of new or increased tariffs and trade restrictions, which may disrupt financial markets, global supply chains, commodity prices, or economic activity. ● Effects of climate change, severe weather, natural disasters, pandemics, epidemics and other public health crises, acts of war or terrorism, domestic political unrest and other external events. ● 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 or furnished to the U.S. Securities and Exchange Commission (“SEC”). ​ 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, except as may be required by law. These risks could cause our actual results for fiscal 2027 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. ​ 3 Table of Contents Part I. Financial Information Item 1. Financial Statements (Unaudited) ​ RIVERVIEW BANCORP, INC. AND SUBSIDIARY ​ CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2026 AND MARCH 31, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ March 31, ​ ​ 2026 ​ ​ ​ (In thousands, except share and per share data) ​ ​ ​ (Unaudited) ​ ​ ​ 2026 ASSETS ​ ​ ​ ​ Cash and cash equivalents (including interest earning deposits in other banks of $ 85,772 and $ 104,131 ) ​ $ 102,214 ​ $ 116,866 Investment securities: ​ ​ ​ ​ ​ Available for sale, at estimated fair value ​ ​ 175,890 ​ 154,768 Loans receivable (net of allowance for credit losses of $ 15,336 and $ 15,248 ) ​ ​ 1,077,963 ​ 1,077,236 Prepaid expenses and other assets ​ ​ 12,824 ​ 13,153 Accrued interest receivable ​ ​ 4,513 ​ 4,133 Federal Home Loan Bank (“FHLB”) stock, at cost ​ ​ 1,631 ​ 1,631 Premises and equipment, net ​ ​ 20,586 ​ 20,918 Financing lease right-of-use ("ROU") asset ​ ​ 1,029 ​ ​ 1,048 Deferred income taxes, net ​ ​ 12,138 ​ 12,124 Goodwill ​ ​ 27,076 ​ 27,076 Core deposit intangible ("CDI"), net ​ ​ 55 ​ 77 Bank owned life insurance ("BOLI") ​ ​ 35,026 ​ 34,779 TOTAL ASSETS ​ $ 1,470,945 ​ $ 1,463,809 ​ ​ ​ ​ ​ ​ ​ LIABILITIES AND SHAREHOLDERS' EQUITY ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LIABILITIES: ​ ​ ​ ​ ​ Deposits ​ $ 1,261,602 ​ $ 1,254,185 Accrued expenses and other liabilities ​ ​ 18,221 ​ 18,082 Advance payments by borrowers for taxes and insurance ​ ​ 567 ​ 607 FHLB advances ​ ​ 16,100 ​ ​ 16,100 Junior subordinated debentures ​ ​ 27,201 ​ 27,179 Finance lease liability ​ ​ 1,999 ​ 2,020 Total liabilities ​ ​ 1,325,690 ​ 1,318,173 ​ ​ ​ ​ ​ ​ ​ COMMITMENTS AND CONTINGENCIES (See Note 13) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SHAREHOLDERS' EQUITY: ​ ​ ​ ​ Serial preferred stock, $ .01 par value; 250,000 shares authorized; issued and outstanding: none ​ ​ — ​ — Common stock, $ .01 par value; 50,000,000 shares authorized ​ ​ ​ ​ ​ June 30, 2026 – 20,160,613 shares issued and outstanding ​ ​ 200 ​ ​ 203 March 31, 2026 – 20,564,719 shares issued and outstanding ​ ​ ​ ​ ​ ​ Additional paid-in capital ​ ​ 49,483 ​ 51,112 Retained earnings ​ ​ 115,006 ​ 113,713 Accumulated other comprehensive loss ​ ​ ( 19,434 ) ​ ( 19,392 ) Total shareholders' equity ​ ​ 145,255 ​ 145,636 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY ​ $ 1,470,945 ​ $ 1,463,809 ​ See accompanying notes to consolidated financial statements . 4 Table of Contents RIVERVIEW BANCORP, INC. AND SUBSIDIARY ​ CONSOLIDATED STATEMENTS OF INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2026 AND 2025 ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ June 30, (In thousands, except share and per share data) (Unaudited) ​ ​ ​ 2026 ​ ​ ​ 2025 INTEREST AND DIVIDEND INCOME: ​ ​ ​ ​ Interest and fees on loans receivable ​ $ 14,241 ​ $ 13,352 Interest on investment securities – taxable ​ 1,253 ​ ​ 1,667 Interest on investment securities – nontaxable ​ 42 ​ ​ 65 Other interest and dividends ​ 832 ​ ​ 291 Total interest and dividend income ​ 16,368 ​ ​ 15,375 ​ ​ ​ ​ ​ ​ ​ INTEREST EXPENSE: ​ ​ ​ ​ ​ Interest on deposits ​ 4,361 ​ ​ 3,774 Interest on borrowings ​ 611 ​ ​ 1,760 Total interest expense ​ 4,972 ​ ​ 5,534 Net interest income ​ 11,396 ​ ​ 9,841 Provision for credit losses ​ — ​ ​ — Net interest income after provision for credit losses ​ 11,396 ​ ​ 9,841 ​ ​ ​ ​ ​ ​ ​ NON-INTEREST INCOME: ​ ​ ​ ​ ​ Fees and service charges ​ 1,641 ​ ​ 1,572 Asset management fees ​ 1,634 ​ ​ 1,552 Income from BOLI ​ 247 ​ ​ 222 Other, net ​ 96 ​ ​ 80 Total non-interest income, net ​ 3,618 ​ ​ 3,426 ​ ​ ​ ​ ​ ​ ​ NON-INTEREST EXPENSE: ​ ​ ​ ​ ​ Salaries and employee benefits ​ 8,028 ​ ​ 7,247 Occupancy and depreciation ​ 1,840 ​ ​ 1,868 Data processing ​ 912 ​ ​ 742 Amortization of CDI ​ 22 ​ ​ 24 Advertising and marketing ​ 330 ​ ​ 237 FDIC insurance premium ​ 187 ​ ​ 164 State and local taxes ​ 343 ​ ​ 225 Telecommunications ​ 55 ​ ​ 46 Professional fees ​ 480 ​ ​ 416 Other ​ 688 ​ ​ 751 Total non-interest expense ​ 12,885 ​ ​ 11,720 ​ ​ ​ ​ ​ ​ ​ INCOME BEFORE INCOME TAXES ​ 2,129 ​ ​ 1,547 INCOME TAX PROVISION ​ 435 ​ ​ 322 NET INCOME ​ $ 1,694 ​ $ 1,225 ​ ​ ​ ​ ​ ​ ​ Earnings per common share: ​ ​ ​ ​ ​ Basic ​ $ 0.08 ​ $ 0.06 Diluted ​ 0.08 ​ ​ 0.06 Weighted average number of common shares outstanding: ​ ​ ​ ​ ​ Basic ​ 20,373,277 ​ ​ 20,976,200 Diluted ​ 20,373,277 ​ ​ 20,976,200 ​ See accompanying notes to consolidated financial statements . 5 Table of Contents RIVERVIEW BANCORP, INC. AND SUBSIDIARY ​ CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2026 AND 2025 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ ​ June 30, ​ (In thousands) (Unaudited) ​ ​ ​ 2026 ​ ​ ​ 2025 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 1,694 ​ $ 1,225 ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive (loss) income: ​ ​ ​ ​ ​ ​ Net unrealized holding (losses) gains from available for sale investment securities arising during the period, net of tax benefit (expense) of $ 14 and ($ 339 ), respectively ​ ​ ( 42 ) ​ ​ 1,073 ​ Total comprehensive income, net ​ $ 1,652 ​ $ 2,298 ​ ​ See accompanying notes to consolidated financial statements . ​ ​ 6 Table of Contents RIVERVIEW BANCORP, INC. AND SUBSIDIARY ​ CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY FOR THE THREE MONTHS ENDED JUNE 30, 2026 AND 2025 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additional ​ ​ ​ ​ Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paid-In ​ Retained ​ Comprehensive ​ ​ ​ (In thousands, except share and per share data) (Unaudited) ​ Common Stock ​ Capital ​ Earnings ​ Loss ​ Total ​ ​ Shares ​ Amount ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, 2025 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance April 1, 2025 20,976,200 ​ $ 208 ​ $ 53,392 ​ $ 119,717 ​ $ ( 13,303 ) ​ $ 160,014 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income — ​ ​ — ​ ​ — ​ ​ 1,225 ​ ​ — ​ 1,225 Cash dividends on common stock ( $ 0.02 per share) — ​ ​ — ​ ​ — ​ ​ ( 420 ) ​ ​ — ​ ( 420 ) Stock-based compensation — ​ ​ — ​ ​ 109 ​ ​ — ​ ​ — ​ 109 Other comprehensive income, net ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,073 ​ ​ 1,073 Balance June 30, 2025 20,976,200 ​ $ 208 ​ $ 53,501 ​ $ 120,522 ​ $ ( 12,230 ) ​ $ 162,001 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance April 1, 2026 20,564,719 ​ $ 203 ​ $ 51,112 ​ $ 113,713 ​ $ ( 19,392 ) ​ $ 145,636 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income — ​ ​ — ​ ​ — ​ ​ 1,694 ​ ​ — ​ 1,694 Cash dividends on common stock ( $ 0.02 per share) — ​ ​ — ​ ​ — ​ ​ ( 401 ) ​ ​ — ​ ( 401 ) Stock repurchased ​ ( 308,806 ) ​ ​ ( 3 ) ​ ​ ( 1,718 ) ​ ​ — ​ ​ — ​ ​ ( 1,721 ) Restricted stock forfeited ​ ( 95,300 ) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Stock-based compensation, net — ​ ​ — ​ ​ 89 ​ ​ — ​ ​ — ​ 89 Other comprehensive loss, net — ​ ​ — ​ ​ — ​ ​ — ​ ​ ( 42 ) ​ ( 42 ) Balance June 30, 2026 20,160,613 ​ $ 200 ​ $ 49,483 ​ $ 115,006 ​ $ ( 19,434 ) ​ $ 145,255 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ See accompanying notes to consolidated financial statements . ​ 7 Table of Contents RIVERVIEW BANCORP, INC. AND SUBSIDIARY ​ CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED JUNE 30, 2026 AND 2025 ​ ​ ​ ​ ​ ​ ​ (In thousands) (Unaudited) ​ ​ ​ 2026 ​ ​ ​ 2025 CASH FLOWS FROM OPERATING ACTIVITIES: ​ ​ ​ ​ Net income ​ $ 1,694 ​ $ 1,225 Adjustments to reconcile net income to net cash provided (used) by operating activities: ​ ​ ​ ​ ​ Depreciation and amortization ​ 710 ​ ​ 873 Purchased loans (accretion) amortization, net ​ 36 ​ ​ ( 46 ) Stock-based compensation expense ​ 89 ​ ​ 109 Decrease in deferred loan origination fees, net of amortization ​ ( 146 ) ​ ​ ( 125 ) Income from BOLI ​ ( 247 ) ​ ​ ( 222 ) Changes in certain other assets and liabilities: ​ ​ ​ ​ Prepaid expenses and other assets ​ 126 ​ ​ 195 Accrued interest receivable ​ ( 380 ) ​ ​ 32 Accrued expenses and other liabilities ​ 148 ​ ​ ( 2,738 ) Net cash provided (used) by operating activities ​ 2,030 ​ ​ ( 697 ) ​ ​ ​ ​ ​ ​ ​ CASH FLOWS FROM INVESTING ACTIVITIES: ​ ​ ​ ​ ​ Loan originations, net ​ 137 ​ ​ 5,172 Purchases of loans receivable ​ ( 754 ) ​ ​ ( 10,570 ) Principal repayments on investment securities available for sale ​ 3,566 ​ ​ 1,965 Purchases of investment securities available for sale ​ ( 24,814 ) ​ ​ — Principal repayments on investment securities held to maturity ​ — ​ ​ 5,497 Proceeds from sale of shares in trading asset - VISA stock ​ ​ 114 ​ ​ 248 Purchases of premises and equipment and capitalized software ​ ( 156 ) ​ ​ ( 76 ) Purchase of FHLB stock, net ​ — ​ ​ ( 1,174 ) Proceeds from death benefit on BOLI ​ ​ — ​ ​ 1,223 Net cash (used in) provided by investing activities ​ ( 21,907 ) ​ ​ 2,285 ​ ​ ​ ​ ​ ​ ​ CASH FLOWS FROM FINANCING ACTIVITIES: ​ ​ ​ ​ Net increase (decrease) in deposits ​ 7,417 ​ ​ ( 22,435 ) Dividends paid ​ ( 410 ) ​ ​ ( 420 ) Proceeds from borrowings ​ — ​ ​ 237,400 Repayment of borrowings ​ — ​ ​ ( 211,300 ) Net decrease in advance payments by borrowers for taxes and insurance ​ ( 40 ) ​ ​ ( 56 ) Principal payments on finance lease liability ​ ( 21 ) ​ ​ ( 19 ) Repurchase of common stock ​ ​ ( 1,721 ) ​ ​ — Net cash provided by financing activities ​ 5,225 ​ ​ 3,170 ​ ​ ​ ​ ​ ​ ​ NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS ​ ( 14,652 ) ​ ​ 4,758 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD ​ 116,866 ​ ​ 29,414 CASH AND CASH EQUIVALENTS, END OF PERIOD ​ $ 102,214 ​ $ 34,172 ​ ​ ​ ​ ​ ​ ​ SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: ​ ​ ​ ​ ​ Interest paid ​ $ 5,003 ​ $ 5,624 Income taxes paid, net of refunds ​ 28 ​ ​ 24 NONCASH INVESTING AND FINANCING ACTIVITIES: ​ ​ ​ ​ ​ Dividends declared and accrued in other liabilities ​ $ 403 ​ $ 420 Net unrealized holding (losses) gains from available for sale investment securities ​ ( 56 ) ​ ​ 1,412 Income tax effect related to other comprehensive (loss) income ​ 14 ​ ​ ( 339 ) Operating lease ROU assets obtained in exchange for operating lease liabilities ​ — ​ 459 Conversion of shares in trading asset - VISA Stock ​ ​ 114 ​ ​ 248 ​ See accompanying notes to consolidated financial statements . ​ 8 Table of Contents RIVERVIEW BANCORP, INC. AND SUBSIDIARY Notes to Consolidated Financial Statements (Unaudited) 1. BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Quarterly Reports on Form 10-Q and, therefore, do not include all disclosures necessary for a complete presentation of financial condition, results of operations and cash flows in conformity with accounting principles generally accepted in the United States of America (“generally accepted accounting principles” or “GAAP”). However, all adjustments that are, in the opinion of management, necessary for a fair presentation of the interim unaudited consolidated financial statements have been included. All such adjustments are of a normal recurring nature. ​ The accompanying unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Riverview Bancorp, Inc. Annual Report on Form 10-K for the year ended March 31, 2026 (“2026 Form 10-K”). The unaudited consolidated results of operations for the three months ended June 30, 2026 are not necessarily indicative of the results which may be expected for the entire fiscal year ending March 31, 2027. ​ The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of related revenue and expenses during the reporting period. Actual results could differ from those estimates. ​ Certain prior period amounts have been reclassified to conform to the current period presentation; such reclassifications had no effect on previously reported net income or total shareholders’ equity. ​ ​ ​ 2. PRINCIPLES OF CONSOLIDATION The accompanying consolidated financial statements include the accounts of Riverview Bancorp, Inc.; its wholly owned subsidiary, Riverview Bank (the “Bank”); and the Bank’s wholly owned subsidiaries, Riverview Services, Inc. and Riverview Trust Company (the “Trust Company”) (collectively referred to as the “Company”). All inter-company transactions and balances have been eliminated in consolidation. ​ The Company’s operations are managed along two operating segments, consisting of banking operations performed by the Bank and trust and investment services performed by the Trust Company. The trust and investment services segment does not meet the quantitative threshold under GAAP to be considered a reportable segment. As such, these operating segments are aggregated into a single reportable operating segment in the consolidated financial statements. The Company’s Chief Operating Decision Maker (CODM) is the Chief Executive Officer. The CODM evaluates performance and makes decisions regarding the allocation of operating and capital based on consolidated net income, as reported on the Consolidated Statements of Income. The CODM also reviews total consolidated assets, as reported on the Consolidated Balance Sheets, as a measure of segment assets. ​ The CODM uses consolidated net income to evaluate income generated from segment assets in making decisions about the allocation of operating and capital resources. Consolidated net income is also used by the CODM to monitor budget versus actual results and in competitive analysis by benchmarking to the Company's competitors. The competitive analysis along with the monitoring of budgeted versus actual results are used in assessing performance of the segment and in establishing management’s compensation. The CODM is regularly provided with significant segment expense information at a level consistent with that disclosed in the Company's Consolidated Statements of Income. ​ ​ 3. STOCK PLAN AND STOCK-BASED COMPENSATION Stock Option Plan - In July 2017, the shareholders of the Company approved the Riverview Bancorp, Inc. 2017 Equity Incentive Plan (“2017 Plan”). The 2017 Plan provides for the grant of incentive stock options, non-qualified stock options, 9 Table of Contents restricted stock and restricted stock units. The Company reserved 1,800,000 shares of its common stock for issuance under the 2017 Plan. At June 30, 2026, there were ­­­­ 1,300,987 shares available for grant under the 2017 Plan. ​ The fair value of each stock option granted is estimated on the date of grant using the Black-Scholes stock option valuation model. The fair value of all awards is amortized on a straight-line basis over the requisite service periods, which are generally the vesting periods. The expected life of options granted represents the period of time that they are expected to be outstanding. The expected life is determined based on historical experience with similar options, considering the contractual terms and vesting schedules. Expected volatility is estimated at the date of grant based on the historical volatility of the Company's common stock. Expected dividends are based on dividend trends and the market value of the Company's common stock at the time of grant. The risk-free interest rate for periods within the contractual life of the options is based on the U.S. Treasury yield curve in effect at the time of the grant. There were no stock options granted under the 2017 Plan during the three months ended June 30, 2026 and 2025. As of June 30, 2026 and 2025, there were no stock options outstanding. ​ The Company may grant restricted stock awards pursuant to the 2017 Plan on either a time-based or performance-based vesting schedule. Performance-based awards are subject to the attainment of predetermined performance metrics and all or a portion of such awards may be cancelled if the applicable performance metrics are not achieved. For performance-based awards, stock-based compensation expense is recognized based on the probability of achieving the performance conditions over the requisite service period and is adjusted in subsequent periods if the probability assessment changes. The fair value of restricted stock awards is measured as the closing market price of the Company’s common stock on the grant date. Stock-based compensation expense is recognized on a straight-line basis over the requisite service period. ​ Stock-based compensation expense related to restricted stock awards was $ 89,000 and $ 109,000 for the three months ended June 30, 2026 and 2025, respectively. The decrease in stock-based compensation expense for the three month period ended June 30, 2026, compared to the prior-year period, was primarily due to the forfeiture of performance-based shares during the current quarter. Unrecognized stock-based compensation expense related to unvested restricted stock awards was $ 665,000 and $ 998,000 at June 30, 2026 and 2025, respectively, and is expected to be recognized over a weighted average remaining vesting period of 1.94 years and 2.25 years at June 30, 2026 and 2025, respectively. ​ The following tables present the activity related to restricted stock awards for the periods shown: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Time Based ​ ​ ​ Performance Based ​ ​ ​ Total ​ ​ Number ​ Weighted ​ Number ​ Weighted ​ Number ​ Weighted ​ ​ of ​ Average ​ of ​ Average ​ of ​ Average ​ ​ Unvested ​ Grant Date ​ Unvested ​ Grant Date ​ Unvested ​ Grant Date Three Months Ended June 30, 2026 ​ ​ ​ Shares ​ ​ ​ Fair Value ​ ​ ​ Shares ​ ​ ​ Fair Value ​ ​ ​ Shares ​ ​ ​ Fair Value Balance, beginning of period 184,014 ​ $ 5.61 161,930 ​ $ 5.36 345,944 ​ $ 5.49 Forfeited — ​ — ( 95,300 ) ​ 5.15 ( 95,300 ) ​ 5.15 Balance, end of period 184,014 ​ $ 5.61 66,630 ​ $ 5.66 250,644 ​ $ 5.62 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Time Based ​ ​ ​ Performance Based ​ ​ ​ Total ​ ​ Number ​ Weighted ​ Number ​ Weighted ​ Number ​ Weighted ​ ​ of ​ Average ​ of ​ Average ​ of ​ Average ​ ​ Unvested ​ Grant Date ​ Unvested ​ Grant Date ​ Unvested ​ Grant Date Three Months Ended June 30, 2025 ​ ​ ​ Shares ​ ​ ​ Fair Value ​ ​ ​ Shares ​ ​ ​ Fair Value ​ ​ ​ Shares ​ ​ ​ Fair Value Balance, beginning of period 155,034 ​ $ 5.74 125,169 ​ $ 5.66 280,203 ​ $ 5.71 Balance, end of period 155,034 ​ $ 5.74 125,169 ​ $ 5.66 280,203 ​ $ 5.71 ​ ​ 4. EARNINGS PER SHARE Basic earnings per share (“EPS”) is computed by dividing net income or loss applicable to common stock by the weighted average number of common shares outstanding during the period, without considering any dilutive items. Nonvested shares of restricted stock are included in the computation of basic EPS because the holder has voting rights and shares in non-forfeitable dividends during the vesting period. Diluted EPS is computed by dividing net income or loss applicable to common stock by the weighted average number of common shares and common stock equivalents for items that are dilutive, net of shares assumed to be repurchased using the treasury stock method at the average share price for the 10 Table of Contents Company’s common stock during the period. Common stock equivalents arise from the assumed exercise of outstanding stock options. For the three months ended June 30, 2026 and 2025, there were no stock options excluded in computing diluted EPS. ​ On January 28, 2026, the Company’s Board of Directors announced the adoption of a stock repurchase program (the “January 2026 repurchase program”), authorizing the Company to purchase up to $ 4.0 million of the Company’s outstanding shares of common stock, in the open market, based on prevailing market prices, or in privately negotiated transactions. The January 2026 repurchase program became effective on February 18, 2026 and will continue until the earlier of the completion of the repurchase limit or 12 months after the effective date, depending upon market conditions. As of June 30, 2026, the Company had repurchased 438,865 shares at a total cost of $ 2.4 million under the January 2026 repurchase program at an average price of $ 5.51 per share. The following table presents a reconciliation of the components used to compute basic and diluted EPS for the periods indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ ​ ​ ​ 2026 ​ ​ ​ 2025 (Dollars and share data in thousands, except per share data) ​ ​ ​ ​ ​ Basic EPS computation: ​ ​ ​ ​ Numerator-net income ​ $ 1,694 ​ $ 1,225 Denominator-weighted average common shares outstanding ​ 20,373 ​ 20,976 Basic EPS ​ $ 0.08 ​ $ 0.06 Diluted EPS computation: ​ ​ ​ ​ Numerator-net income ​ $ 1,694 ​ $ 1,225 Denominator-weighted average common shares outstanding ​ 20,373 ​ 20,976 Diluted EPS ​ $ 0.08 ​ $ 0.06 ​ ​ 5. INVESTMENT SECURITIES The amortized cost and approximate fair value of investment securities consisted of the following at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ ​ ​ Gross ​ ​ ​ Estimated ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair ​ ​ Cost ​ Gains ​ Losses ​ Value June 30, 2026 ​ ​ ​ ​ ​ ​ ​ ​ Available for sale: ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ $ 37,092 ​ $ 10 ​ $ ( 6,886 ) ​ $ 30,216 Agency securities ​ 5,976 ​ ​ — ​ ​ ( 756 ) ​ ​ 5,220 Real estate mortgage investment conduits (1) ​ 53,857 ​ ​ 15 ​ ​ ( 6,998 ) ​ ​ 46,874 Residential mortgage-backed securities (1) ​ 89,282 ​ ​ 52 ​ ​ ( 9,823 ) ​ ​ 79,511 Other mortgage-backed securities (2) ​ 15,254 ​ ​ 2 ​ ​ ( 1,187 ) ​ ​ 14,069 11 Table of Contents Total available for sale ​ $ 201,461 ​ $ 79 ​ $ ( 25,650 ) ​ $ 175,890 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Estimated ​ ​ Cost ​ Gains ​ Losses ​ Fair Value March 31, 2026 ​ ​ ​ ​ ​ ​ ​ ​ Available for sale: ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ $ 37,106 ​ $ 10 ​ $ ( 7,008 ) ​ $ 30,108 Agency securities ​ 5,975 ​ ​ — ​ ​ ( 723 ) ​ ​ 5,252 Real estate mortgage investment conduits (1) ​ 45,206 ​ ​ — ​ ​ ( 7,050 ) ​ ​ 38,156 Residential mortgage-backed securities (1) ​ 81,198 ​ ​ 19 ​ ​ ( 9,626 ) ​ ​ 71,591 Other mortgage-backed securities (2) ​ 10,798 ​ ​ 3 ​ ​ ( 1,140 ) ​ ​ 9,661 Total available for sale ​ $ 180,283 ​ $ 32 ​ $ ( 25,547 ) ​ $ 154,768 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Comprised of Federal Home Loan Mortgage Corporation (“FHLMC”), Federal National Mortgage Association (“FNMA”) and Ginnie Mae (“GNMA”) issued securities. (2) Comprised of U.S. Small Business Administration (“SBA”) issued securities and commercial real estate (“CRE”) secured securities issued by FNMA and FHLMC. ​ The contractual maturities of investment securities as of June 30, 2026 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ ​ ​ ​ ​ Amortized ​ Fair ​ ​ ​ Cost ​ Value ​ Due in one year or less ​ $ 701 ​ $ 698 ​ Due after one year through five years ​ 4,593 ​ 4,310 ​ Due after five years through ten years ​ 28,538 ​ 24,280 ​ Due after ten years ​ 167,629 ​ 146,602 ​ Total ​ $ 201,461 ​ $ 175,890 ​ ​ Expected maturities of investment securities may differ from contractual maturities because borrowers may have the right to prepay obligations with or without prepayment penalties. 12 Table of Contents The fair value of securities in an unrealized loss position, the amount of unrealized losses and the length of time these unrealized losses existed were as follows at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 months ​ 12 months or longer ​ Total ​ ​ ​ ​ Estimated ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ ​ ​ ​ ​ ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized June 30, 2026 ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ $ 445 ​ $ ( 1 ) ​ $ 28,590 ​ $ ( 6,885 ) ​ $ 29,035 ​ $ ( 6,886 ) Agency securities ​ — ​ — ​ 5,220 ​ ( 756 ) ​ 5,220 ​ ( 756 ) Real estate mortgage investment conduits (1) ​ 9,766 ​ ( 24 ) ​ 32,191 ​ ( 6,974 ) ​ 41,957 ​ ( 6,998 ) Residential mortgage-backed securities (1) ​ 19,756 ​ ( 116 ) ​ 49,027 ​ ( 9,707 ) ​ 68,783 ​ ( 9,823 ) Other mortgage-backed securities (2) ​ 5,094 ​ ( 33 ) ​ 8,910 ​ ( 1,154 ) ​ 14,004 ​ ( 1,187 ) Total available for sale ​ $ 35,061 ​ $ ( 174 ) ​ $ 123,938 ​ $ ( 25,476 ) ​ $ 158,999 ​ $ ( 25,650 ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ $ 444 ​ $ ( 2 ) ​ $ 28,484 ​ $ ( 7,006 ) ​ $ 28,928 ​ $ ( 7,008 ) Agency securities ​ ​ — ​ — ​ 5,252 ​ ( 723 ) ​ 5,252 ​ ( 723 ) Real estate mortgage investment conduits (1) ​ 4,986 ​ ( 21 ) ​ 33,170 ​ ( 7,029 ) ​ 38,156 ​ ( 7,050 ) Residential mortgage-backed securities (1) ​ 15,528 ​ ( 49 ) ​ 50,590 ​ ( 9,577 ) ​ 66,118 ​ ( 9,626 ) Other mortgage-backed securities (2) ​ 72 ​ ( 3 ) ​ 9,386 ​ ( 1,137 ) ​ 9,458 ​ ( 1,140 ) Total available for sale ​ $ 21,030 ​ $ ( 75 ) ​ $ 126,882 ​ $ ( 25,472 ) ​ $ 147,912 ​ $ ( 25,547 ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Comprised of FHLMC, FNMA and GNMA issued securities. (2) Comprised of SBA and CRE secured securities issued by FHLMC and FNMA. ​ Allowance for Credit Losses (“ACL”) on Available for Sale Debt Securities – Each reporting period, the Company assesses each available for sale debt security that is in an unrealized loss position to determine whether the decline in fair value below the amortized cost basis results from a credit loss or other factors. The Company did not record an ACL on available for sale debt securities at June 30, 2026 and March 31, 2026. As of both dates, the Company considered the unrealized losses across the classes of major security-type to be related to fluctuations in market conditions, primarily interest rates, and not reflective of a deterioration in credit value. For available for sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If the Company intends to sell the security or it is more likely than not that the Company will be required to sell the security before recovering its cost basis, the entire impairment loss would be recognized in earnings. If the Company does not intend to sell the security and it is not more likely than not that the Company will be required to sell the security, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized costs, any changes to the rating of the security by a rating agency and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. Projected cash flows are discounted by the current effective interest rate. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. The remaining impairment related to all other factors, the difference between the present value of the cash flows expected to be collected and fair value, is recognized as a charge to accumulated other comprehensive income (loss) (“AOCI”). The Company had no sales and realized no gains or losses on sales of investment securities for the three months ended June 30, 2026 and 2025. Investment securities available for sale with an amortized cost of $ 25.9 million and $ 26.4 million and an estimated fair value of $ 21.6 million and $ 22.2 million at June 30, 2026 and March 31, 2026, respectively, were pledged as collateral for government public funds held by the Bank. Investment securities available for sale with an amortized cost of $ 48.5 million and $ 49.2 million and a fair value of $ 40.2 million and $ 41.0 million at June 30, 2026 and 13 Table of Contents March 31, 2026, respectively, were pledged as collateral to the Federal Reserve Bank of San Francisco (“FRB”) pursuant to borrowing agreements. ​ 6. LOANS AND ACL Loans receivable are reported net of deferred loan fees and discounts, and inclusive of premiums. Deferred loan fees totaled $ 4.2 million and $ 4.3 million at June 30, 2026 and March 31, 2026, respectively. Discounts and premiums on loans receivable totaled $ 988,000 and $ 1.5 million, respectively, at June 30, 2026, compared to $ 1.0 million and $ 1.6 million, respectively, at March 31, 2026. Loans receivable consisted of the following at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ ​ March 31, ​ ​ 2026 ​ 2026 Commercial and construction ​ ​ ​ ​ Commercial business ​ $ 222,902 ​ $ 219,846 Commercial real estate ​ 611,710 ​ ​ 611,634 Land ​ 13,168 ​ ​ 9,143 Multi-family ​ 102,956 ​ ​ 103,614 Real estate construction ​ 21,660 ​ ​ 24,040 Total commercial and construction ​ 972,396 ​ ​ 968,277 ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ Real estate one-to-four family ​ 95,056 ​ ​ 96,698 Other installment ​ 25,847 ​ ​ 27,509 Total consumer ​ 120,903 ​ ​ 124,207 ​ ​ ​ ​ ​ ​ ​ Total loans ​ 1,093,299 ​ ​ 1,092,484 ​ ​ ​ ​ ​ ​ ​ Less: ACL for loans ​ 15,336 ​ ​ 15,248 Loans receivable, net ​ $ 1,077,963 ​ $ 1,077,236 ​ The Company considers its loan portfolio to have very little exposure to sub-prime mortgage loans since the Company has not historically engaged in this type of lending. At June 30, 2026, loans carried at $ 739.7 million were pledged as collateral to the FHLB and FRB pursuant to borrowing agreements. Substantially all the Company’s business activity is with clients located in the states of Washington and Oregon. Loans and extensions of credit outstanding at one time to one borrower are generally limited by federal regulation to 15 % of the Bank’s shareholders’ equity, excluding AOCI. As of June 30, 2026 and March 31, 2026, the Bank had no loans to any one borrower in excess of the regulatory limit. ​ Troubled Loan Modifications (“TLM”) – Occasionally, the Company offers modifications of loans to borrowers experiencing financial difficulty by providing principal forgiveness, interest rate reductions, other-than-insignificant payment delays, term extensions or any combination of these. When principal forgiveness is provided, the amount of the forgiveness is charged off against the ACL for loans. Upon the Company’s determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is charged off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the ACL for loans is adjusted by the same amount. The ACL on modified loans is measured using the same credit loss estimation methods used to determine the ACL for all other loans held for investment. These methods incorporate the post-modification loan terms, as well as defaults and charge-offs associated with historical modified loans. At June 30, 2026, a $ 3.0 million or 1 % of CRE loan type was modified due to borrowers experiencing diminished cashflow. The Company agreed to modify payments for 6 month to be interest only, reducing the monthly principal payment to zero during those months. There were no loans past due at June 30, 2026 that had been modified in the previous 12 months. ​ Credit quality indicators : The Company monitors credit risk in its loan portfolio using a risk rating system (on a scale of one to nine) for all commercial (non-consumer) loans. The risk rating system is a measure of the credit risk of the borrower 14 Table of Contents based on their historical, current and anticipated future financial characteristics. The Company assigns a risk rating to each commercial loan at origination and subsequently updates these ratings, as necessary, so that the risk rating continues to reflect the appropriate risk characteristics of the loan. Application of appropriate risk ratings is key to management of loan portfolio risk. In determining the appropriate risk rating, the Company considers the following factors: delinquency, payment history, quality of management, liquidity, leverage, earnings trends, alternative funding sources, geographic risk, industry risk, cash flow adequacy, account practices, asset protection and extraordinary risks. Consumer loans, including custom construction loans, are not assigned a risk rating but rather are grouped into homogeneous pools with similar risk characteristics. When a consumer loan is delinquent 90 days, it is placed on non-accrual status and assigned a substandard risk rating. Loss factors are assigned to each risk rating and homogeneous pool based on historical loss experience for similar loans. This historical loss experience is adjusted for qualitative factors that are likely to cause the estimated credit losses to differ from the Company’s historical loss experience. The Company uses these loss factors to estimate the general component of its ACL. ​ Pass – These loans have a risk rating between 1 and 4 and are to borrowers that meet normal credit standards. Any deficiencies in satisfactory asset quality, liquidity, debt servicing capacity and coverage are offset by strengths in other areas. The borrower currently has the capacity to perform according to the loan terms. Any concerns about risk factors such as stability of margins, stability of cash flows, liquidity, dependence on a single product/supplier/client, depth of management, etc. are offset by strengths in other areas. Typically, these loans are secured by the operating assets of the borrower and/or real estate. The borrower’s management is considered competent. The borrower has the ability to repay the debt in the normal course of business. ​ Watch – These loans have a risk rating of 5 and are included in the “pass” rating. However, there would typically be some reason for additional management oversight, such as the borrower’s recent financial setbacks and/or deteriorating financial position, industry concerns and failure to perform on other borrowing obligations. Loans with this rating are monitored closely in an effort to correct deficiencies. ​ Special mention – These loans have a risk rating of 6 and are rated in accordance with regulatory guidelines. These loans have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the credit position at some future date. These loans pose elevated risk, but their weakness does not yet justify a “substandard” classification. ​ Substandard – These loans have a risk rating of 7 and are rated in accordance with regulatory guidelines, for which the accrual of interest may or may not be discontinued. Under regulatory guidelines, a “substandard” loan has defined weaknesses which make payment default or principal exposure likely but not yet certain. Repayment of such loans is likely to be dependent upon collateral liquidation, a secondary source of repayment, or an event outside of the normal course of business. ​ Doubtful – These loans have a risk rating of 8 and are rated in accordance with regulatory guidelines. Such loans are placed on non-accrual status and repayment may be dependent upon collateral which has value that is difficult to determine or upon some near-term event which lacks certainty. ​ Loss – These loans have a risk rating of 9 and are rated in accordance with regulatory guidelines. Such loans are charged-off, or partially charged-off, when payment is acknowledged to be uncertain or when the timing or value of payments cannot be determined. Such loans are generally fully reserved in the ACL prior to charge-off. 15 Table of Contents The following table sets forth the Company’s loan portfolio at June 30, 2026 and March 31, 2026 by risk attribute and year of origination as well as current period gross charge-offs (in thousands) . Revolving loans that are converted to term loans are treated as new originations in the table below and are presented by year of origination. Term loans that are renewed or extended for periods longer than 90 days are presented as a new origination in the year of the most recent renewal or extension. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2026 ​ ​ ​ ​ ​ ​ ​ Term Loans Amortized Cost Basis by Origination Fiscal Year ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Loans ​ ​ 2027 ​ 2026 ​ 2025 ​ 2024 ​ 2023 ​ Prior Loans ​ Receivable ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial business ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 2,492 ​ $ 10,970 ​ $ 15,291 ​ $ 16,133 ​ $ 45,014 ​ $ 112,145 ​ $ 16,540 ​ $ 218,585 Special Mention ​ — ​ — ​ 1,066 ​ ​ — ​ ​ — ​ ​ 680 ​ ​ 1,965 ​ ​ 3,711 Substandard ​ — ​ — ​ 119 ​ ​ — ​ ​ — ​ ​ 487 ​ ​ — ​ ​ 606 Total commercial business ​ $ 2,492 ​ $ 10,970 ​ $ 16,476 ​ $ 16,133 ​ $ 45,014 ​ $ 113,312 ​ $ 18,505 ​ $ 222,902 Current YTD gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 670 ​ $ 76,602 ​ $ 46,718 ​ $ 39,441 ​ $ 46,813 ​ $ 324,784 ​ $ — ​ $ 535,028 Special Mention ​ — ​ 2,509 ​ — ​ ​ 2,546 ​ ​ 10,419 ​ ​ 32,099 ​ ​ — ​ ​ 47,573 Substandard ​ — ​ 1,843 ​ — ​ ​ — ​ ​ 4,934 ​ ​ 22,332 ​ ​ — ​ ​ 29,109 Total commercial real estate ​ $ 670 ​ $ 80,954 ​ $ 46,718 ​ $ 41,987 ​ $ 62,166 ​ $ 379,215 ​ $ — ​ $ 611,710 Current YTD gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 101 ​ $ 12,075 ​ $ 596 ​ $ — ​ $ — ​ $ 197 ​ $ 199 ​ $ 13,168 Total land ​ $ 101 ​ $ 12,075 ​ $ 596 ​ $ — ​ $ — ​ $ 197 ​ $ 199 ​ $ 13,168 Current YTD gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multi-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 1,594 ​ $ 13,610 ​ $ 1,003 ​ $ 917 ​ $ 38,190 ​ $ 46,700 ​ $ — ​ $ 102,014 Special Mention ​ — ​ — ​ — ​ ​ — ​ ​ 274 ​ ​ 471 ​ ​ — ​ ​ 745 Substandard ​ — ​ — ​ 100 ​ ​ — ​ ​ — ​ ​ 62 ​ ​ — ​ ​ 162 Doubtful ​ — ​ — ​ — ​ ​ — ​ ​ — ​ ​ 35 ​ ​ — ​ ​ 35 Total multi-family ​ $ 1,594 ​ $ 13,610 ​ $ 1,103 ​ $ 917 ​ $ 38,464 ​ $ 47,268 ​ $ — ​ $ 102,956 Current YTD gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ 16 Table of Contents ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Loans Amortized Cost Basis by Origination Fiscal Year ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Loans ​ ​ 2027 ​ 2026 ​ 2025 ​ 2024 ​ 2023 ​ Prior Loans ​ Receivable ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 6,591 ​ $ 14,067 ​ $ 1,002 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 21,660 Total real estate construction ​ $ 6,591 ​ $ 14,067 ​ $ 1,002 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 21,660 Current YTD gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate one-to-four family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 70,760 ​ $ 24,296 ​ $ 95,056 Total real estate one-to-four family ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 70,760 ​ $ 24,296 ​ $ 95,056 Current YTD gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other installment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 879 ​ $ 13,711 ​ $ 10,458 ​ $ 219 ​ $ 156 ​ $ 51 ​ $ 373 ​ $ 25,847 Total other installment ​ $ 879 ​ $ 13,711 ​ $ 10,458 ​ $ 219 ​ $ 156 ​ $ 51 ​ $ 373 ​ $ 25,847 Current YTD gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans receivable, gross ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 12,327 ​ $ 141,035 ​ $ 75,068 ​ $ 56,710 ​ $ 130,173 ​ $ 554,637 ​ $ 41,408 ​ $ 1,011,358 Special Mention ​ — ​ 2,509 ​ 1,066 ​ ​ 2,546 ​ ​ 10,693 ​ ​ 33,250 ​ ​ 1,965 ​ ​ 52,029 Substandard ​ — ​ 1,843 ​ 219 ​ ​ — ​ ​ 4,934 ​ ​ 22,881 ​ ​ — ​ ​ 29,877 Doubtful ​ — ​ — ​ — ​ ​ — ​ ​ — ​ ​ 35 ​ ​ — ​ ​ 35 Total loans receivable, gross ​ $ 12,327 ​ $ 145,387 ​ $ 76,353 ​ $ 59,256 ​ $ 145,800 ​ $ 610,803 ​ $ 43,373 ​ $ 1,093,299 Total current YTD gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ 17 Table of Contents ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2026 ​ ​ ​ ​ ​ ​ ​ Term Loans Amortized Cost Basis by Origination Fiscal Year ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Loans ​ ​ 2026 ​ 2025 ​ 2024 ​ 2023 ​ 2022 ​ Prior Loans ​ Receivable ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial business ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 6,270 ​ $ 15,664 ​ $ 16,776 ​ $ 46,668 ​ $ 77,604 ​ $ 38,064 ​ $ 13,459 ​ $ 214,505 Special Mention ​ — ​ 1,253 ​ — ​ ​ — ​ ​ 404 ​ ​ — ​ ​ 3,039 ​ ​ 4,696 Substandard ​ — ​ 126 ​ — ​ ​ — ​ ​ — ​ ​ 519 ​ ​ — ​ ​ 645 Total commercial business ​ $ 6,270 ​ $ 17,043 ​ $ 16,776 ​ $ 46,668 ​ $ 78,008 ​ $ 38,583 ​ $ 16,498 ​ $ 219,846 Current YTD gross write-offs ​ $ — ​ $ — ​ $ — ​ $ 398 ​ $ — ​ $ — ​ $ 1 ​ $ 399 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 70,158 ​ $ 46,935 ​ $ 40,035 ​ $ 56,434 ​ $ 132,992 ​ $ 216,215 ​ $ — ​ $ 562,769 Special Mention ​ 2,296 ​ 237 ​ 2,560 ​ ​ 6,230 ​ ​ 2,598 ​ ​ 23,132 ​ ​ — ​ ​ 37,053 Substandard ​ 1,856 ​ 93 ​ — ​ ​ — ​ ​ 2,490 ​ ​ 7,373 ​ ​ — ​ ​ 11,812 Total commercial real estate ​ $ 74,310 ​ $ 47,265 ​ $ 42,595 ​ $ 62,664 ​ $ 138,080 ​ $ 246,720 ​ $ — ​ $ 611,634 Current YTD gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 911 ​ $ — ​ $ 911 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 7,441 ​ $ 600 ​ $ — ​ $ 886 ​ $ 72 ​ $ 148 ​ $ ( 4 ) ​ $ 9,143 Total land ​ $ 7,441 ​ $ 600 ​ $ — ​ $ 886 ​ $ 72 ​ $ 148 ​ $ ( 4 ) ​ $ 9,143 Current YTD gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multi-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 10,609 ​ $ 1,008 ​ $ 923 ​ $ 42,920 ​ $ 34,957 ​ $ 12,487 ​ $ — ​ $ 102,904 Special Mention ​ — ​ — ​ — ​ ​ 322 ​ ​ — ​ ​ 183 ​ ​ — ​ ​ 505 Substandard ​ — ​ 100 ​ — ​ ​ — ​ ​ 17 ​ ​ 52 ​ ​ — ​ ​ 169 Doubtful ​ — ​ — ​ — ​ ​ — ​ ​ — ​ ​ 36 ​ ​ — ​ ​ 36 Total multi-family ​ $ 10,609 ​ $ 1,108 ​ $ 923 ​ $ 43,242 ​ $ 34,974 ​ $ 12,758 ​ $ — ​ $ 103,614 Current YTD gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ 18 Table of Contents ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ Term Loans Amortized Cost Basis by Origination Fiscal Year ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Loans ​ ​ 2026 ​ 2025 ​ 2024 ​ 2023 ​ 2022 ​ Prior Loans ​ Receivable ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 22,010 ​ $ 2,030 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 24,040 Total real estate construction ​ $ 22,010 ​ $ 2,030 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 24,040 Current YTD gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate one-to-four family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 54,684 ​ $ 18,140 ​ $ 23,867 ​ $ 96,691 Substandard ​ — ​ — ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 7 ​ ​ 7 Total real estate one-to-four family ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 54,684 ​ $ 18,140 ​ $ 23,874 ​ $ 96,698 Current YTD gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 28 ​ $ — ​ $ 28 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other installment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 14,912 ​ $ 11,641 ​ $ 240 ​ $ 177 ​ $ 34 ​ $ 34 ​ $ 471 ​ $ 27,509 Total other installment ​ $ 14,912 ​ $ 11,641 ​ $ 240 ​ $ 177 ​ $ 34 ​ $ 34 ​ $ 471 ​ $ 27,509 Current YTD gross write-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 18 ​ $ 18 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans receivable, gross ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 131,400 ​ $ 77,878 ​ $ 57,974 ​ $ 147,085 ​ $ 300,343 ​ $ 285,088 ​ $ 37,793 ​ $ 1,037,561 Special Mention ​ 2,296 ​ 1,490 ​ 2,560 ​ ​ 6,552 ​ ​ 3,002 ​ ​ 23,315 ​ ​ 3,039 ​ ​ 42,254 Substandard ​ 1,856 ​ 319 ​ — ​ ​ — ​ ​ 2,507 ​ ​ 7,944 ​ ​ 7 ​ ​ 12,633 Doubtful ​ — ​ — ​ — ​ ​ — ​ ​ — ​ ​ 36 ​ ​ — ​ ​ 36 Total loans receivable, gross ​ $ 135,552 ​ $ 79,687 ​ $ 60,534 ​ $ 153,637 ​ $ 305,852 ​ $ 316,383 ​ $ 40,839 ​ $ 1,092,484 Total current YTD gross write-offs ​ $ — ​ $ — ​ $ — ​ $ 398 ​ $ — ​ $ 939 ​ $ 19 ​ $ 1,356 ​ 19 Table of Contents ACL on Loans - The ACL for loans is an estimate of the expected credit losses on financial assets measured at amortized cost. The ACL for loans is evaluated based on relevant information about past events, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amounts. Historical loss experience is generally the starting point for estimating expected credit losses. The Company then considers whether the historical loss experience should be adjusted for asset-specific risk characteristics or current conditions at the reporting date that did not exist over the period that historical experience was based for each loan type. Finally, the Company considers forecasts about future economic conditions or changes in collateral values that are reasonable and supportable. The Company estimates the expected credit losses over the loans’ contractual terms, adjusted for expected prepayments. The ACL for loans is calculated for loan segments utilizing loan level information and relevant information from internal and external sources related to past events and current conditions. The methodology for estimating the amount of expected credit losses has two basic components: (i) a general component for pools of loans that share similar risk characteristics; and (ii) an individual component for loans that do not share risk characteristics with other loans and are evaluated individually. The Company’s ACL model methodology is to build a reserve rate using historical life-of-loan default rates combined with assessments of current loan portfolio information and current and forecasted economic environment and business cycle information. The model uses statistical analysis to determine the life of loan default rates for the quantitative component and analyzes qualitative factors (Q-Factors) that assess the current loan portfolio conditions and forecasted economic environment and collateral values. For loans that are individually evaluated, an allowance is established when the discounted cash flows or collateral value (less estimated selling costs, if applicable) is lower than the carrying value of the loan. ​ When available information confirms that specific loans or portions thereof are uncollectible, identified amounts are charged against the ACL. The existence of some or all of the following criteria will generally confirm that a loss has been incurred: the loan is significantly delinquent and the borrower has not demonstrated the ability or intent to bring the loan current; the Company has no recourse to the borrower, or if it does, the borrower has insufficient assets to pay the debt; and/or the estimated fair value of the loan collateral is significantly below the current loan balance, and there is little or no near-term prospect for improvement. ​ Management’s evaluation of the ACL for loans is based on ongoing, quarterly assessments of the known and inherent risks in the loan portfolio. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Company’s ACL for loans and may require the Company to make additions to the ACL for loans based on their judgment about information available to them at the time of their examinations. ​ The following tables detail activity in the ACL for loans for the three months ended June 30, 2026 and 2025, by loan category (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ ​ Commercial ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Multi- ​ ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2026 ​ Business ​ Real Estate ​ Land ​ Family ​ Construction ​ Consumer ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 4,587 ​ $ 7,527 ​ $ 192 ​ $ 468 ​ $ 432 ​ $ 2,042 ​ $ 15,248 (Recapture of) provision for credit losses ​ ( 211 ) ​ ​ ( 230 ) ​ ​ 304 ​ ​ 103 ​ ​ 172 ​ ​ ( 138 ) ​ ​ — Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Recoveries ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 88 ​ ​ 88 Ending balance ​ $ 4,376 ​ $ 7,297 ​ $ 496 ​ $ 571 ​ $ 604 ​ $ 1,992 ​ $ 15,336 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2025 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 5,033 ​ $ 7,492 ​ $ 83 ​ $ 444 ​ $ 480 ​ $ 1,842 ​ $ 15,374 (Recapture of) provision for credit losses ​ ( 174 ) ​ ​ 158 ​ ​ ( 11 ) ​ ​ ( 4 ) ​ ​ ( 147 ) ​ ​ 178 ​ — Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ — Recoveries ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 52 ​ 52 Ending balance ​ $ 4,859 ​ $ 7,650 ​ $ 72 ​ $ 440 ​ $ 333 ​ $ 2,072 ​ $ 15,426 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-accrual loans : Loans are reviewed regularly, and it is the Company’s general policy that a loan is past due when it is 30 to 89 days delinquent. In general, when a loan is 90 days or more delinquent or when collection of principal or interest 20 Table of Contents appears doubtful, it is placed on non-accrual status, at which time the accrual of interest ceases, and previously accrued but uncollected interest is reversed against interest income. As a general practice, payments received on non-accrual loans are applied to reduce the outstanding principal balance under the cost recovery method, whereby payments are not recognized as interest income until the principal balance has been fully recovered. A loan is not removed from non-accrual status until all delinquent principal, interest and late fees have been brought current and the borrower has demonstrated a sustained history of performance in accordance with the contractual terms of the note, generally a minimum of six months. Interest income foregone on non-accrual loans was $ 148,000 and $ 4,000 for the three months ended June 30, 2026 and 2025, respectively. ​ The following tables present an analysis of loans by aging category at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ Past ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Or ​ ​ ​ ​ Due and ​ ​ ​ ​ Total ​ ​ 30-89 Days ​ More ​ ​ ​ ​ Non- ​ ​ ​ ​ Loans June 30, 2026 ​ Past Due ​ Past Due ​ Non-accrual ​ accrual ​ Current ​ Receivable ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial business ​ $ 1,005 ​ $ — ​ $ 607 ​ $ 1,612 ​ $ 221,290 ​ $ 222,902 Commercial real estate ​ 14,107 ​ — ​ 8,132 ​ ​ 22,239 ​ ​ 589,471 ​ ​ 611,710 Land ​ — ​ — ​ — ​ ​ — ​ ​ 13,168 ​ ​ 13,168 Multi-family ​ — ​ — ​ — ​ ​ — ​ ​ 102,956 ​ ​ 102,956 Real estate construction ​ 607 ​ — ​ — ​ ​ 607 ​ ​ 21,053 ​ ​ 21,660 Consumer ​ 117 ​ — ​ — ​ ​ 117 ​ ​ 120,786 ​ ​ 120,903 Total ​ $ 15,836 ​ $ — ​ $ 8,739 ​ $ 24,575 ​ $ 1,068,724 ​ $ 1,093,299 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial business ​ $ 2,346 ​ $ — ​ $ 645 ​ $ 2,991 ​ $ 216,855 ​ $ 219,846 Commercial real estate ​ 4,118 ​ — ​ 7,112 ​ ​ 11,230 ​ ​ 600,404 ​ ​ 611,634 Land ​ — ​ — ​ — ​ ​ — ​ ​ 9,143 ​ ​ 9,143 Multi-family ​ — ​ — ​ — ​ ​ — ​ ​ 103,614 ​ ​ 103,614 Real estate construction ​ — ​ — ​ — ​ ​ — ​ ​ 24,040 ​ ​ 24,040 Consumer ​ 44 ​ — ​ 7 ​ ​ 51 ​ ​ 124,156 ​ ​ 124,207 Total ​ $ 6,508 ​ $ — ​ $ 7,764 ​ $ 14,272 ​ $ 1,078,212 ​ $ 1,092,484 ​ Loans 90 days or more past due are generally placed on non-accrual status and are therefore reflected in the non-accrual column rather than the 90 days and greater past due column in the table above. ​ The increase in 30-89 days past due loans at June 30, 2026 was primarily driven by three commercial real estate loans totaling $ 11.4 million compared to $ 3.9 million at March 31, 2026. The Company continues to actively monitor and work with the borrowers to address performance issues. ​ Included in the 30-89 days past due loans at June 30, 2026 and March 31, 2026 were commercial business loans totaling $ 29,000 and $ 1.2 million, respectively, fully guaranteed by the SBA or United States Department of Agriculture (“USDA”). These government guaranteed loans are classified as pass-rated and are excluded from the ACL calculation because the Company expects to receive all principal and interest in accordance with the contractual terms of the loan based on the applicable guarantees. ​ At June 30, 2026, the Company had $ 8.6 million of non-accrual loans with no ACL and $ 119,000 of non-accrual loans with an ACL of $ 3,000 . At March 31, 2026, the Company had $ 7.5 million of non-accrual loans with no ACL and $ 226,000 of non-accrual loans with an ACL of $ 5,000 . The amortized cost of collateral-dependent loans as of June 30, 2026, was $ 487,000 and $ 8.1 million for commercial business and commercial real estate, respectively, compared to $ 519,000 and $ 7.0 million, respectively, at March 31, 2026. ​ 21 Table of Contents 7. GOODWILL Goodwill is initially recorded when the purchase price paid for an acquisition exceeds the estimated fair value of the net identified tangible and intangible assets acquired. Goodwill is presumed to have an indefinite useful life and is tested at least annually for impairment at the reporting unit level. The Company has two reporting units, the Bank and the Trust Company, for purposes of evaluating goodwill for impairment. All of the Company’s recorded goodwill has been allocated to the Bank reporting unit. The Company performs an annual review in the third quarter of each fiscal year, or more frequently if indications of potential impairment exist, to determine whether recorded goodwill is impaired. If the fair value of a reporting unit exceeds its carrying amount, goodwill is not considered impaired. If the carrying amount exceeds fair value, an impairment loss would be recognized equal to the amount of excess, limited to the amount of total goodwill allocated to that reporting unit. A significant amount of judgment is involved in determining if an indicator of impairment has occurred. Such indicators may include, among others: a significant decline in the Company’s expected future cash flows; a sustained, significant decline in the Company’s stock price and market capitalization; a significant adverse change in legal factors or in the business climate; adverse action or assessment by a regulator; and unanticipated competition. Any adverse change in these factors could have a significant impact on the recoverability of goodwill and could have a material impact on the Company’s consolidated financial statements. The Company performed an impairment assessment as of October 31, 2025 and determined that no impairment of goodwill exists. The Company completed a qualitative assessment of goodwill as of June 30, 2026, and concluded that it is more likely than not that the fair value of the Bank (the reporting unit), exceeds its carrying value at that date. No assurances can be given that the Company’s goodwill will not be written down in future periods. If adverse economic conditions or any decreases in the Company’s stock price and market capitalization were deemed to be other than temporary, it may significantly affect the fair value of the reporting unit and may trigger future impairment charges. Any impairment charge could have a material adverse effect on the Company’s results of operations and financial condition. ​ 8. FEDERAL HOME LOAN BANK ADVANCES The Company maintains overnight borrowings with the FHLB that are renewed every 90 days until repaid. The interest rate on the Company’s FHLB overnight borrowings was 3.97 % at June 30, 2026. ​ FHLB advances are summarized at the dates indicated (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2026 ​ ​ ​ March 31, 2026 FHLB advances ​ $ 16,100 ​ $ 16,100 ​ Weighted average interest rate on FHLB advances (1) ​ 3.92 % 4.41 % ​ (1) Computed based on the borrowing activity for the three months ended June 30, 2026 and the fiscal year ended March 31, 2026, respectively. ​ The Bank has a credit line with the FHLB equal to 45 % of total assets, limited by available collateral. At June 30, 2026, based on collateral values, the Bank had additional borrowing capacity of $ 268.8 million from the FHLB. FHLB advances are collateralized with loans secured by real estate. At June 30, 2026, loans carried at $ 472.8 million were pledged as collateral to the FHLB. 9. JUNIOR SUBORDINATED DEBENTURES The Company has wholly owned subsidiary grantor trusts that were established for the purpose of issuing trust preferred securities and common securities. The trust preferred securities accrue and pay distributions periodically at specified annual rates as provided in each trust agreement. The trusts used the net proceeds from each of the offerings to purchase a like amount of junior subordinated debentures (the “Debentures”) of the Company. The Debentures are the sole assets of the trusts. The Company’s obligations under the Debentures and related documents, taken together, constitute a full and unconditional guarantee by the Company of the obligations of the trusts. The trust preferred securities are mandatorily redeemable upon maturity of the Debentures or upon earlier redemption as provided in the indentures. The Company has the right to redeem the Debentures in whole or in part on or after specific dates, at a redemption price specified in the indentures governing the Debentures plus any accrued but unpaid interest to the redemption date. The Company also has 22 Table of Contents the right to defer the payment of interest on each of the Debentures for a period not to exceed 20 consecutive quarters, provided that the deferral period does not extend beyond the stated maturity. During such deferral period, distributions on the corresponding trust preferred securities will also be deferred and the Company may not pay cash dividends to the holders of shares of the Company’s common stock. The Debentures issued by the Company to the grantor trusts, which totaled $ 27.2 million at both June 30, 2026 and March 31, 2026, are reported as “junior subordinated debentures” in the consolidated balance sheets. The common securities issued by the grantor trusts were purchased by the Company, and the Company’s investment in the common securities of $ 836,000 at both June 30, 2026 and March 31, 2026, is included in prepaid expenses and other assets in the consolidated balance sheets. The Company records interest expense on the Debentures in the consolidated statements of income. The following table is a summary of the terms and the amounts outstanding of the Debentures at June 30, 2026 (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Issuance Trust ​ ​ ​ Issuance Date ​ ​ ​ Amount Outstanding ​ ​ ​ Rate Type ​ ​ ​ Initial Rate ​ ​ ​ Current Rate ​ ​ ​ Maturity Date ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Riverview Bancorp Statutory Trust I 12/2005 ​ $ 7,217 Variable (1) 5.88 % 5.29 % 3/2036 Riverview Bancorp Statutory Trust II 06/2007 ​ 15,464 Variable (2) 7.03 % 5.28 % 9/2037 Merchants Bancorp Statutory Trust I (4) 06/2003 ​ 5,155 Variable (3) 4.16 % 7.11 % 6/2033 ​ ​ ​ ​ 27,836 ​ ​ ​ ​ ​ ​ ​ ​ Fair value adjustment (4) ​ ​ ​ ( 635 ) ​ ​ ​ ​ Total Debentures ​ ​ ​ $ 27,201 ​ ​ ​ ​ ​ (1) The trust preferred securities reprice quarterly based on the three-month Chicago Mercantile Exchange (“CME”) Term SOFR plus 1.36 % . (2) The trust preferred securities reprice quarterly based on the three-month CME Term SOFR plus 1.35 % . (3) The trust preferred securities reprice quarterly based on the three-month CME Term SOFR plus 3.10 % . (4) Amount, net of accretion, attributable to a prior year’s business combination . ​ 10. FAIR VALUE MEASUREMENTS Fair value is defined under GAAP as the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. GAAP requires that valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. GAAP also establishes a fair value hierarchy which prioritizes the valuation inputs into three broad levels. Based on the underlying inputs, each fair value measurement in its entirety is reported in one of three levels. These levels are: Quoted prices in active markets for identical assets (Level 1) : Inputs that are quoted unadjusted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Other observable inputs (Level 2) : Inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in inactive markets and inputs derived principally from or corroborated by observable market data by correlation or other means. Significant unobservable inputs (Level 3) : Inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing an asset or liability developed based on the best information available in the circumstances. Financial instruments are presented in the tables that follow by recurring or nonrecurring measurement status. Recurring assets are initially measured at fair value and are required to be remeasured at fair value in the consolidated financial statements at each reporting date. Assets measured on a nonrecurring basis are assets that, as a result of an event or circumstance, were required to be remeasured at fair value after initial recognition in the consolidated financial statements at some time during the reporting period. 23 Table of Contents The following tables present assets that are measured at estimated fair value on a recurring basis at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Estimated ​ Estimated Fair Value Measurements Using June 30, 2026 ​ ​ ​ Fair Value ​ ​ ​ Level 1 ​ ​ ​ Level 2 ​ ​ ​ Level 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment securities available for sale: ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ $ 30,216 ​ $ — ​ $ 30,216 ​ $ — Agency securities ​ 5,220 ​ — ​ 5,220 ​ — Real estate mortgage investment conduits ​ 46,874 ​ — ​ 46,874 ​ — Residential mortgage-backed securities ​ 79,511 ​ — ​ 79,511 ​ — Other mortgage-backed securities ​ 14,069 ​ — ​ 14,069 ​ — Total assets measured at fair value on a recurring basis ​ $ 175,890 ​ $ — ​ $ 175,890 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Estimated ​ ​ ​ Estimated Fair Value Measurements Using March 31, 2026 ​ ​ ​ Fair Value ​ ​ ​ Level 1 ​ ​ ​ Level 2 ​ ​ ​ Level 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment securities available for sale: ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ $ 30,108 ​ $ — ​ $ 30,108 ​ $ — Agency securities ​ 5,252 ​ — ​ 5,252 ​ — Real estate mortgage investment conduits ​ 38,156 ​ — ​ 38,156 ​ — Residential mortgage-backed securities ​ 71,591 ​ — ​ 71,591 ​ — Other mortgage-backed securities ​ 9,661 ​ — ​ 9,661 ​ — Total assets measured at fair value on a recurring basis ​ $ 154,768 ​ $ — ​ $ 154,768 ​ $ — ​ There were no transfers of assets into or out of Levels 1, 2 or 3 during the three months ended June 30, 2026 and the year ended March 31, 2026. The following methods were used to estimate the fair value of financial instruments above: Investment securities are included within Level 1 of the hierarchy when quoted prices in an active market for identical assets are available. The Company uses a third-party pricing service to assist the Company in determining the estimated fair value of its Level 2 securities, which incorporates pricing models and/or quoted prices of investment securities with similar characteristics. Investment securities are included within Level 3 of the hierarchy when there are significant unobservable inputs. For Level 2 securities, the independent pricing service provides pricing information by utilizing evaluated pricing models supported with market data information. Standard inputs include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data from market research publications. The Company’s third-party pricing service has established processes for the Company to submit inquiries regarding the estimated fair value. In such cases, the Company’s third-party pricing service will review the inputs to the evaluation in light of any new market data presented by the Company. The Company’s third-party pricing service may then affirm the original estimated fair value or may update the evaluation on a go-forward basis. Management reviews the pricing information received from the third-party pricing service through a combination of procedures that include an evaluation of methodologies used by the pricing service, analytical reviews and performance analysis of the prices against statistics and trends. Based on this review, management determines whether the current placement of the security in the fair value hierarchy is appropriate or whether transfers may be warranted. As necessary, management compares prices received from the pricing service to discounted cash flow models, or by performing independent valuations of inputs and assumptions similar to those used by the pricing service, in order to help ensure prices represent a reasonable fair value estimate. There were no assets measured at estimated fair value on a nonrecurring basis at either June 30, 2026 or March 31, 2026. The following disclosure of the estimated fair value of financial instruments is made in accordance with GAAP. The Company, using available market information and appropriate valuation methodologies, has determined the fair value 24 Table of Contents estimates. However, considerable judgment is necessary to interpret market data in the development of the estimated of fair value. Accordingly, the estimated fair values presented herein are not necessarily indicative of the amounts the Company could realize in the future. The use of different market assumptions and/or estimation methodologies may have a material effect on the fair values estimates. The carrying amount and estimated fair value of financial instruments is as follows at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated June 30, 2026 ​ Amount ​ Level 1 ​ Level 2 ​ Level 3 ​ Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 102,214 ​ $ 102,214 ​ $ — ​ $ — ​ $ 102,214 Investment securities available for sale ​ 175,890 ​ — ​ 175,890 ​ — ​ 175,890 Loans receivable, net ​ 1,077,963 ​ — ​ — ​ 1,030,425 ​ 1,030,425 FHLB stock ​ 1,631 ​ — ​ 1,631 ​ — ​ 1,631 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Certificates of deposit ​ 247,174 ​ — ​ 246,358 ​ — ​ 246,358 FHLB advances ​ 16,100 ​ — ​ 16,074 ​ — ​ 16,074 Junior subordinated debentures ​ 27,201 ​ — ​ — ​ 20,338 ​ 20,338 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated March 31, 2026 ​ Amount ​ Level 1 ​ Level 2 ​ Level 3 ​ Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 116,866 ​ $ 116,866 ​ $ — ​ $ — ​ $ 116,866 Investment securities available for sale ​ 154,768 ​ — ​ 154,768 ​ — ​ 154,768 Loans receivable, net ​ 1,077,236 ​ — ​ — ​ 1,029,755 ​ 1,029,755 FHLB stock ​ 1,631 ​ — ​ 1,631 ​ — ​ 1,631 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Certificates of deposit ​ 248,619 ​ — ​ 248,116 ​ — ​ 248,116 FHLB advances ​ ​ 16,100 ​ — ​ 16,074 ​ — ​ 16,074 Junior subordinated debentures ​ 27,179 ​ — ​ — ​ 20,187 ​ 20,187 ​ Fair value estimates were based on existing financial instruments without attempting to estimate the value of anticipated future business. The fair value was not estimated for assets and liabilities that were not considered financial instruments. ​ 11. NEW ACCOUNTING PRONOUNCEMENTS In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2024-03, Income Statement (Topic 220) : Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures. The amendments in this ASU require entities to disclose, in the notes to the financial statements, specified information about certain costs and expenses. The new standard is effective for annual periods beginning after December 15, 2026, with early adoption permitted. The Company expects this ASU to only impact its disclosure requirements and does not expect the adoption of the ASU to have a material impact on its consolidated financial statements. In January 2025, the FASB issued ASU 2025-01, Income Statement (Subtopic 220-40): Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures : Clarifying the Effective Date . The amendments in this ASU amend the effective date of ASU 2024-03 to clarify that all public business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. Early adoption of ASU 2025-01 is permitted. The Company does not expect the adoption of this ASU to have a material effect on its consolidated financial statements. 25 Table of Contents In November 2025, the FASB issued ASU 2025-08, Financial Instruments—Credit Losses (Topic 326) - Purchased Loans . The amendments expand the population of acquired financial assets subject to the gross-up approach in Topic 326. Under the new guidance, loans (excluding credit card loans) acquired without credit deterioration and deemed “seasoned” are classified as purchased seasoned loans and accounted for using the gross-up approach at acquisition. The standard is effective for annual periods beginning after December 15, 2026, including interim periods within those annual reporting periods. The Company does not expect the adoption of this standard to have a material effect on its consolidated financial statements. ​ In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270) - Narrow-Scope Improvements . The amendments provide a comprehensive list of interim disclosures required under GAAP. The objective of the amendments is to provide clarity about the current requirements, rather than expand or reduce interim disclosure requirements. The standard is effective for interim reporting periods within annual periods beginning after December 15, 2027. The Company does not expect the adoption of this standard to have a material effect on its consolidated financial statements. ​ Other accounting standards that have been issued by the FASB are not currently expected to have a material effect on the Company’s business operations or consolidated financial statements. 12. REVENUE FROM CONTRACTS WITH CUSTOMERS In accordance with ASC Topic 606 “Revenues from Contracts with Customers” (“ASC 606”), revenues are recognized when goods or services are transferred to the client in exchange for the consideration the Company expects to be entitled to receive. The largest portion of the Company’s revenue is from interest income, which is not within the scope of ASC 606. All of the Company’s revenue from contracts with clients within the scope of ASC 606 is recognized in non-interest income with the exception of gains on sales of REO and premises and equipment, which are included in non-interest expense. If a contract is determined to be within the scope of ASC 606, the Company recognizes revenue as it satisfies a performance obligation. Payments from clients are generally collected at the time services are rendered, monthly, or quarterly. For contracts with clients within the scope of ASC 606, revenue is either earned at a point in time or revenue is earned over time. Examples of revenue earned at a point in time are automated teller machine (“ATM”) transaction fees, wire transfer fees, overdraft fees and interchange fees. Revenue earned at a point in time is primarily based on the number and type of transactions that are generally derived from transactional information accumulated by the Company’s systems and is recognized immediately as the transactions occur or upon providing the service to complete the client’s transaction. The Company is generally the principal in these contracts, with the exception of interchange fees, in which case the Company is acting as the agent and records revenue net of expenses paid to the principal. Examples of revenue earned over time, which generally occur on a monthly basis, are deposit account maintenance fees, investment advisory fees, merchant revenue, trust and investment management fees and safe deposit box fees. Revenue is generally derived from transactional information accumulated by the Company’s systems or those of third parties and is recognized as the related transactions occur or services are rendered to the client. For the three months ended June 30, 2026 and 2025, substantially all of the Company’s revenues within the scope of ASC 606 were for performance obligations satisfied at a point in time. 26 Table of Contents Disaggregation of Revenue The following table includes the Company’s non-interest income, disaggregated by type of service (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ June 30, ​ ​ ​ ​ 2026 ​ ​ ​ 2025 ​ ​ ​ ​ ​ ​ ​ Asset management fees ​ $ 1,634 ​ $ 1,552 Debit card and ATM fees ​ 761 ​ 762 Deposit related fees ​ 568 ​ 528 Loan related fees ​ 177 ​ 110 Income from BOLI (1) ​ 247 ​ 222 FHLMC loan servicing fees (1) ​ 15 ​ 17 Other, net ​ 216 ​ 235 Total non-interest income, net ​ $ 3,618 ​ $ 3,426 ​ (1) Not within scope of ASC 606 Revenues recognized within the scope of ASC 606 Asset management fees : Asset management fees are variable, since they are based on the client’s underlying portfolio value, which is subject to market conditions and amounts invested by clients through the Trust Company. Asset management fees are recognized over the period that services are provided, and when the portfolio values are known or can be estimated at the end of each quarter. Debit card and ATM fees : Debit and ATM interchange income represents fees earned when a debit card issued by the Bank is used. The Bank earns interchange fees from debit cardholder transactions through the MasterCard® payment network. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder. The performance obligation is satisfied and the fees are earned when the cost of the transaction is charged to the cardholders’ debit card. Certain expenses directly associated with the debit cards are recorded on a net basis with the interchange income. Deposit related fees : Fees are earned on the Bank’s deposit accounts for various products offered to or services performed for the Bank’s clients. Fees include business account fees, non-sufficient fund fees, stop payment fees, wire services, safe deposit box and others. These fees are recognized on a daily, monthly or quarterly basis, depending on the type of service. Loan related fees : Non-interest loan fee income is earned on loans that the Bank services, excluding loans serviced for the FHLMC which are not within the scope of ASC 606. Loan related fees include prepayment fees, late charges, brokered loan fees, maintenance fees and others. These fees are recognized on a daily, monthly, quarterly or annual basis, depending on the type of service. Other : Fees earned from other services, such as merchant services or occasional non-recurring type services or events, are recognized at the time of the event or the applicable billing cycle. Contract Balances As of June 30, 2026 and 2025, the Company had no significant contract liabilities where the Company had an obligation to transfer goods or services for which the Company had already received consideration. In addition, the Company had no material unsatisfied performance obligations as of June 30, 2026 and 2025. ​ 13. COMMITMENTS AND CONTINGENCIES Off-balance sheet arrangements – In the normal course of business, the Company is a party to financial instruments with off-balance sheet risk in order to meet the financing needs of its clients. These financial instruments generally include commitments to originate mortgage, commercial and consumer loans. These instruments, involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated balance sheets. The 27 Table of Contents Company’s maximum exposure to credit loss in the event of nonperformance by the borrower is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for on-balance sheet instruments. Commitments to originate loans are conditional and are honored for up to 45 days subject to the Company’s usual terms and conditions. Collateral is not required to support commitments. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a client to a third-party. These guarantees are primarily used to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to clients. Collateral held varies and is required in instances where the Company deems it necessary. Significant off-balance sheet commitments at June 30, 2026 are listed below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contract or Notional ​ ​ Amount ​ ​ June 30, ​ ​ ​ ​ 2026 Commitments to extend credit: ​ ​ Adjustable-rate ​ $ 6,802 Fixed-rate ​ 86 Standby letters of credit ​ 1,600 Undisbursed loan funds and unused lines of credit ​ 119,222 Total ​ $ 127,710 ​ ​ Other contractual obligations – In connection with certain asset sales, the Company typically makes representations and warranties about the underlying assets conforming to specified guidelines. If the underlying assets do not conform to the specifications, the Company may have an obligation to repurchase the assets or indemnify the purchaser against loss. Loans under warranty totaled $ 23.5 million and $ 24.7 million at June 30, 2026 and March 31, 2026, respectively, which substantially represents the unpaid principal balance of the Company’s loans serviced for the FHLMC. The Company believes that the potential for loss under these arrangements is remote. At both June 30, 2026 and March 31, 2026 the Company had an ACL for FHLMC loans of $ 12,000 . The Bank is a public depository and, accordingly, accepts deposit and other public funds belonging to, or held for the benefit of, Washington and Oregon states, political subdivisions thereof, and municipal corporations. In accordance with applicable state law, in the event of default of a participating bank, all other participating banks in the state collectively ensure that no losses of funds are suffered by any public depositor. Generally, in the event of default by a public depository, the assessment attributable to all public depositories is allocated on a pro rata basis in proportion to the maximum liability of each depository as it existed on the date of loss. The Company did not incur any losses related to public depository funds for the three months ended June 30, 2026 and 2025. The Bank has entered into employment contracts with certain key employees, which provide for contingent payments subject to future events. Litigation – The Company is periodically involved in litigation arising from the ordinary course of business, some of which may involve claims for substantial or uncertain amounts. At least quarterly, management assesses liabilities and contingencies in connection with all outstanding or new legal matters, utilizing the most recent information available. For matters where a loss is not probable, or the amount of the loss cannot be estimated, no accrual is established. If management determines that a loss from a matter is probable and the amount of the loss can be reasonably estimated, the Company will establish an accrual for the loss. Once established, an accrual is adjusted as appropriate to reflect any subsequent developments in the specific legal matter. It is inherently difficult to estimate the amount of loss and there may be matters for which a loss is probable or reasonably possible but not currently estimable. Actual losses may be in excess of any established accrual or the range of reasonably possible loss. Management’s estimates may change from time to time. Any estimate or determination relating to the future resolution of legal matters is uncertain and involves significant judgment. Management usually is unable to determine whether an outcome is remote, reasonably likely, or probable, or to estimate the amount or range of a probable or reasonably likely loss until relatively late in the process. ​ ​ 28 Table of Contents 14. LEASES The Company has a finance lease for the shell of the building constructed as the Company’s operations center which expires in November 2039. The Company is also obligated under various noncancelable operating lease agreements for land, buildings and equipment that require future minimum rental payments. For each operating lease with an initial term of more than 12 months, the Company records an operating lease ROU asset (representing the right to use the underlying asset for the lease term) and an operating lease liability (representing the obligation to make lease payments required under the terms of the lease). ROU assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. The Company uses its estimated incremental borrowing rate – derived from information available at the lease commencement date – as the discount rate when determining the present value of lease payments. The Company does not have any operating leases with an initial term of 12 months or less. Certain operating leases contain various provisions for increases in rental rates, based either on changes in the published Consumer Price Index or a predetermined escalation schedule. Certain operating leases provide the Company with the option to extend the lease term one or more times following expiration of the initial term. Lease extensions are not reasonably certain and the Company generally does not include payments occurring during option periods in the calculation of its operating lease ROU asset and operating lease liability. The table below presents the ROU assets and lease liabilities recorded in the consolidated balance sheets at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ March 31, ​ ​ ​ Classification in the Leases ​ ​ ​ 2026 ​ ​ ​ 2026 ​ ​ ​ consolidated balance sheets Finance lease ROU asset ​ $ 1,029 $ 1,048 Financing lease ROU asset Finance lease liability ​ $ 1,999 $ 2,020 Finance lease liability Finance lease remaining lease term ​ 13.43 years 13.68 years ​ Finance lease discount rate ​ 7.16 % 7.16 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease ROU asset ​ $ 3,357 $ 3,629 Prepaid expenses and other assets Operating lease liability ​ $ 3,537 $ 3,820 Accrued expenses and other liabilities Operating lease weighted-average remaining lease term ​ 3.66 years 3.86 years ​ Operating lease weighted-average discount rate ​ 1.84 % 1.86 % ​ ​ The table below presents certain information related to the lease costs for financing and operating leases, which are recorded in occupancy and depreciation in the accompanying consolidated statements of income at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Three months ended Lease Costs ​ ​ ​ June 30, 2026 ​ ​ ​ June 30, 2025 Finance lease amortization of ROU asset ​ $ 19 ​ $ 19 Finance lease interest on lease liability ​ 36 ​ 37 Operating lease costs ​ 290 ​ 288 Variable lease costs ​ — ​ — Total lease cost (1) ​ $ 345 ​ $ 344 ​ (1) Income related to sub-lease activity is not significant and not presented herein. ​ Supplemental cash flow information - Cash paid for amounts included in the measurement of operating lease liabilities was $ 307,000 for the three months ended June 30, 2026, compared to $ 288,000 for the three months ended June 30, 2025. 29 Table of Contents The following table reconciles the undiscounted cash flows for the periods presented related to the Company’s lease liabilities as of June 30, 2026 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ Fiscal Year Ending March 31: ​ ​ ​ Operating ​ ​ ​ Finance ​ ​ Leases ​ Lease Remainder of 2027 ​ $ 912 ​ $ 173 2028 ​ 1,002 ​ 232 2029 ​ 787 ​ 232 2030 ​ 796 ​ 232 2031 ​ 272 ​ 232 Thereafter ​ — ​ 2,015 Total minimum lease payments ​ 3,769 ​ 3,116 Less: amount of lease payments representing interest ​ ( 232 ) ​ ( 1,117 ) Lease liabilities ​ $ 3,537 ​ $ 1,999 ​ 30 Table of Contents Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations This report contains certain financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). These measures include net interest income on a fully tax equivalent basis and net interest margin on a fully tax equivalent basis. Management uses these non-GAAP measures in its analysis of the Company’s performance. The tax equivalent adjustment to net interest income recognizes the income tax savings when comparing taxable and tax-exempt assets. Management believes that it is a standard practice in the banking industry to present net interest income and net interest margin on a fully tax equivalent basis, and believes that providing these measures may be useful for peer comparison purposes. These disclosures should not be viewed as substitutes for the results determined to be in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Critical Accounting Policies and Estimates ​ Critical accounting policies and estimates are discussed in our Annual Report on Form 10-K for the year ended March 31, 2026 (“2026 Form 10-K”) under Part II. Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Critical Accounting Estimates” and Part II. Item 8, “Note 1. Summary of Significant Accounting Policies” in the Notes to the Consolidated Financial Statements.” That discussion highlights estimates that the Company makes that involve uncertainty or potential for substantial change. There have not been any material changes in the Company’s critical accounting policies and estimates as compared to the disclosures contained in the Company’s 2026 Form 10-K. Executive Overview As a progressive, community-oriented financial services company, the Company emphasizes local, personalized service to residents and business within its primary market area. The Company considers Clark, Klickitat and Skamania counties in Washington, and Multnomah, Washington and Marion counties in Oregon, to comprise its primary market area. The Company is engaged primarily in attracting deposits from the general public and using such funds within its primary market area to originate commercial business, commercial real estate, multi-family real estate, land, real estate construction, residential real estate and other consumer loans. The Company’s loans receivable, net, totaled $1.08 billion at both June 30, 2026 and March 31, 2026. The Company’s strategic plan focuses on five key priorities: employer of choice, profitable growth, digital experience, data empowerment and client experience. - Employer of choice: Riverview’s vision is “to be the preferred place to bank and work in the Pacific Northwest.” The Company focuses on recruiting, developing, and retaining talent across all areas of the organization. - Profitable growth: The Company seeks to achieve sustainable, well-managed growth that enhances long-term financial performance and competitive position by increasing revenues, deepening existing client relationships, attracting new clients, and maintaining disciplined expense management and prudent risk-management practices. - Digital experience: The Company seeks to provide seamless, intuitive and secure digital banking capabilities designed to enhance client engagement through personalized services, convenient access to banking solutions and efficient transaction processing. - Data empowerment: The Company utilizes data analytics to support informed decision-making, improve operational efficiencies and enhance client experiences through greater insight into client needs and market trends. - Client experience: The Company focuses on delivering consistent, personalized and high-quality service across all client interactions in order to strengthen relationships and build trust within the communities it serves. 31 Table of Contents The Company targets commercial banking clients within its primary market area for loan originations and deposit growth, including businesses, professionals and wealth-building individuals. In pursuit of these objectives, the Company seeks to grow its loan portfolio in a manner consistent with its strategic plan, asset/liability management objectives and regulatory capital requirements. This strategy includes growing and maintaining a significant concentration of business banking, commercial business and commercial real estate loans, which generally carry adjustable rates, higher yields and shorter terms, as well as greater credit risk, than traditional fixed-rate real estate one-to-four family loans. The Company’s strategic plan also emphasizes growth in non-interest income, including asset management fees generated through the Trust Company and deposit-related service charges. The strategic plan is intended to enhance earnings, reduce interest rate risk and provide a broader range of financial services to clients and the local communities the Company serves. The Company believes it is positioned to attract new clients and increase market share through its network of 17 branch locations, including 10 branches in Clark County, three branches in the Portland metropolitan area and three lending centers. Operating Strategy Fiscal year 2027 marked the 103rd anniversary for Riverview Bank, which opened for business in 1923. Our primary business strategy is to provide comprehensive banking and related financial services within our primary market area. The Company’s goal is to deliver returns to shareholders by increasing higher-yielding assets (in particular, commercial real estate and commercial business loans), increasing core deposit balances, managing problem assets, reducing expenses, hiring experienced employees with a commercial lending focus and exploring expansion opportunities. The Company seeks to achieve these results by focusing on the following objectives: Execution of our Business Plan . The Company remains focused on expanding its loan portfolio, particularly higher-yielding commercial and construction loans, and growing its core deposit base by deepening client relationships throughout its primary market areas. While residential real estate lending was historically a primary focus, the Company has diversified its loan portfolio in recent years through the strategic growth of its commercial and construction loan portfolios. In fiscal year 2021, the Company ceased originating one-to-four family residential real estate loans but continues to purchase such loans consistent with its asset/liability management objectives. At June 30, 2026, commercial and construction loans represented 88.9% of total loans. Commercial lending, including CRE, generally involves greater credit risk than residential lending. However, these risks are often compensated by higher interest margins and fee income, contributing to enhanced loan portfolio profitability. To support its growth and profitability objectives, the Company is committed to a relationship-based banking model designed to strengthen client loyalty, identify new lending opportunities, and improve client-level profitability through cross-selling deposit, treasury management, and other banking services. The Company continues to build its core deposit base by offering competitive products, enhancing digital banking capabilities, and prioritizing high-quality client service. Additionally, the Company seeks to expand its banking franchise through de novo branch development, selective acquisitions of branches or loan portfolios, and whole bank transactions that align with its strategic and financial goals. Maintaining Strong Asset Quality . The Company believes that strong asset quality is a key to long-term financial success. The Company has actively managed delinquent loans and nonperforming assets by aggressively pursuing the collection of consumer debts, marketing saleable properties upon foreclosure or repossession, and through work-outs of classified assets and loan charge-offs. The Company’s approach to credit management uses well defined policies and procedures and disciplined underwriting criteria resulting in our strong asset quality and credit metrics in fiscal year 2027. Although the Company intends to prudently increase the percentage of its assets consisting of higher-yielding commercial real estate, real estate construction and commercial business loans, which offer higher risk-adjusted returns, shorter maturities and more sensitivity to interest rate fluctuations, the Company intends to manage credit exposure through the use of experienced bankers in these areas and a conservative approach to its lending. Introduction of New Products and Services . The Company continuously reviews new products and services to provide its clients more financial options. All new technology and services are generally reviewed for business development and cost saving purposes. The Company continues to experience growth in client use of its online banking services, where the Bank provides a full array of traditional cash management products as well as online banking products including mobile banking, mobile deposit, bill pay, e-statements, and new deposit products. The products are tailored to meet the needs of small to medium size businesses and households in the markets we serve. The Company intends to selectively add other 32 Table of Contents products to further diversify revenue sources and to capture more of each client’s banking relationship by cross selling loan and deposit products and additional services, including services provided through the Trust Company to increase its fee income. Assets under management by the Trust Company totaled $952.2 million and $908.1 million at June 30, 2026 and March 31, 2026, respectively. The Company also offers a third-party identity theft product to its clients. The identity theft product assists our clients in monitoring their credit and includes an identity theft restoration service. Attracting Core Deposits and Other Deposit Products . The Company offers a variety of deposit products, including personal checking, savings, and money market accounts, which generally represent lower-cost and more stable sources of funding compared to certificates of deposit. These core deposits are less sensitive to interest rate fluctuations and play a key role in supporting the Company’s funding and liquidity strategy. To strengthen its funding base, the Company continues to prioritize the growth of core deposits over higher-cost funding sources, such as brokered deposits, FHLB advances, and FRB borrowings. This approach supports loan growth while helping to manage interest expense and reduce reliance on more volatile wholesale funding sources. A key element of this strategy is enhancing and deepening client relationships. The Company believes its continued focus on relationship banking will support the expansion of both core deposits and locally sourced retail certificates of deposit. In particular, the Company seeks to increase demand deposits by building business banking relationships, supported by a suite of expanded product offerings tailored to meet the specific needs of its business clients. To further encourage growth in lower-cost deposits, the Company has invested in technology-based solutions designed to improve the client experience and support cash management needs. These include personal financial management tools, business cash management services, and remote deposit capture products, which allow the Company to effectively compete with financial institutions of all sizes. As of June 30, 2026, core branch deposits increased $5.7 million compared to March 31, 2026, reflecting the Company’s continued focus on retaining and growing deposits in light of the strong competition within its market area. Core branch deposits represented 98.3% of total deposits at June 30, 2026 compared to 98.4% at March 31, 2026. Recruiting and Retaining Highly Competent Personnel with a Focus on Commercial Lending . The Company’s ability to continue to attract and retain banking professionals with strong community relationships and significant knowledge of its markets will be a key to its success. The Company believes that it enhances its market position and adds profitable growth opportunities by focusing on hiring and retaining experienced bankers focused on owner occupied commercial real estate and commercial lending, and the deposit balances that accompany these relationships. The Company emphasizes to its employees the importance of delivering exemplary client service and seeking opportunities to build further relationships with its clients. The goal is to compete with other financial service providers by relying on the strength of the Company’s client service and relationship banking approach. The Company believes that one of its strengths is that its employees are also shareholders through the Company’s ESOP and 401(k) plans. ​ 33 Table of Contents Commercial and Construction Loan Composition The following tables set forth the composition of the Company’s commercial and construction loan portfolios, based on loan purpose, at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Business ​ Commercial Real Estate Mortgage ​ Real Estate Construction ​ Commercial and Construction Total June 30, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial business ​ $ 222,902 ​ $ — ​ $ — ​ $ 222,902 Commercial construction ​ — ​ — ​ 7,493 ​ 7,493 Office buildings ​ — ​ 114,894 ​ — ​ 114,894 Warehouse/industrial ​ — ​ 116,568 ​ — ​ 116,568 Retail/shopping centers/strip malls ​ — ​ 89,698 ​ — ​ 89,698 Assisted living facilities ​ — ​ 340 ​ — ​ 340 Single purpose facilities ​ — ​ 290,210 ​ — ​ 290,210 Land ​ — ​ 13,168 ​ — ​ 13,168 Multi-family ​ — ​ 102,956 ​ — ​ 102,956 One-to-four family construction ​ — ​ — ​ 14,167 ​ 14,167 Total ​ $ 222,902 ​ $ 727,834 ​ $ 21,660 ​ $ 972,396 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ Comparison of Financial Condition at June 30, 2026 and March 31, 2026 Total assets increased $7.1 million, or 0.5%, at June 30, 2026, from March 31, 2026. The increase was primarily attributable to a $21.1 million increase in available-for-sale investment securities, partially offset by a $14.7 million decrease in cash and cash equivalents. Loans receivable remained relatively stable, increasing $727,000 during the quarter. Cash and cash equivalents, including interest-earning deposits in other banks, totaled $102.2 million at June 30, 2026, compared to $116.9 million at March 31, 2026. The decrease primarily reflects the deployment of liquidity into investment securities and, to a lesser extent, loan growth during the period, partially offset by an increase in deposits. Cash balances typically fluctuate based upon funding needs, deposit activity, and investment securities activity. Investment securities totaled $175.9 million and $154.8 million at June 30, 2026 and March 31, 2026, respectively. The increase was primarily due to purchases of investment securities totaling $24.8 million, partially offset by normal principal repayments, calls and maturities. The Company had no sales of securities during the three months ended June 30, 2026. The Company’s investment portfolio primarily consists of a combination of securities backed by government agencies (FHLMC, FNMA, SBA or GNMA). At June 30, 2026, the Company determined that none of its investment securities required an ACL. For additional information regarding the Company’s investment securities, see Note 5 of the Notes to the Consolidated Financial Statements contained in Item 1 of this Form 10-Q. 34 Table of Contents Loans receivable, net, totaled $1.08 billion at both June 30, 2026 and March 31, 2026. While the overall balance remained unchanged, land loans increased by $4.0 million and commercial business loans increased by $3.1 million. These increases were partially offset by decreases in real estate construction loans of $2.4 million, reflecting the completion and repayment of projects in prior periods, and consumer loans of $3.3 million. The Company no longer originates one-to-four family mortgage loans but may occasionally purchase such loans consistent with its asset/liability management objectives. Additionally, the Company purchases loans originated by third parties outside its primary market area to supplement loan originations and diversify the portfolio. Purchased loans totaled $40.7 million at June 30, 2026 compared to $43.6 million at March 31, 2026, a decrease of $2.9 million. The decrease was primarily attributable to normal paydowns and payoffs, partially offset by consumer loan purchases totaling $754,000. The Company also purchases the guaranteed portion of SBA loans to further diversify the loan portfolio, supplement loan originations and generate higher yields than overnight cash or other short-term investments. These SBA loans are originated by financial institutions outside the Company’s primary market area and are purchased with servicing retained by the seller. At June 30, 2026, the Company’s purchased SBA loan portfolio totaled $41.6 million compared to $42.7 million at March 31, 2026, reflecting normal principal paydowns. Deposits totaled $1.26 billion at June 30, 2026 compared to $1.25 billion at March 31, 2026. While overall deposit levels remained relatively stable, there was a shift in the composition during the period. Increases in interest checking of $30.4 million was partially offset by decreases in money market accounts of $18.8 million, regular savings accounts of $3.5 million, and certificate of deposit accounts of $1.4 million. The migration away from lower- or non-interest-bearing accounts to interest checking products is consistent with industry trends as depositors seek to optimize returns on their funds. The Company had no wholesale-brokered deposits at June 30, 2026 and March 31, 2026. Core branch deposits accounted for 98.3% of total deposits at June 30, 2026, compared to 98.4% at March 31, 2026. The Company intends to continue focusing on growing core deposits and deepening client relationships rather than relying on wholesale funding sources. FHLB advances totaled $16.1 million at both June 30, 2026, and March 31, 2026, and were comprised entirely of overnight advances. The Company used FHLB advances as part of its asset/liability management strategy. Shareholders' equity decreased $381,000 to $145.3 million at June 30, 2026, compared to $145.6 million at March 31, 2026. The decrease was primarily driven by the repurchase of 308,806 shares of common stock for $1.7 million and cash dividend payments of $401,000, partially offset by net income of $1.7 million during the quarter. Capital Resources The Bank is a state-chartered, federally insured institution subject to various regulatory capital requirements administered by the FDIC and Washington State Department of Financial Institutions, Division of Banks. Failure to meet minimum capital requirements can result in the initiation of certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a material adverse effect on the Bank’s operations and financial conditions. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios of total capital, Tier 1 capital, common equity Tier 1 capital and Tier 1 capital to average tangible assets (leverage ratio), as set forth in the table below. Management believes the Bank met all capital adequacy requirements to which it was subject as of June 30, 2026. ​ 35 Table of Contents As of June 30, 2026, the Bank was categorized as “well capitalized” under the FDIC’s regulatory framework for prompt corrective action. The Bank’s actual and required minimum capital amounts and ratios were as follows at the dates indicated (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ “Well Capitalized” ​ ​ ​ ​ ​ ​ ​ For Capital ​ Under Prompt ​ ​ Actual ​ Adequacy Purposes ​ Corrective Action ​ ​ ​ ​ Amount ​ ​ ​ Ratio ​ ​ ​ Amount ​ ​ ​ Ratio ​ ​ ​ Amount ​ ​ ​ Ratio June 30, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Capital: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (To Risk-Weighted Assets) ​ $ 171,759 15.64 % $ 87,828 ​ 8.0 % $ 109,785 ​ 10.0 % Tier 1 Capital: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (To Risk-Weighted Assets) ​ 158,012 14.39 ​ 65,871 ​ 6.0 ​ 87,828 ​ 8.0 ​ Common equity tier 1 Capital: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (To Risk-Weighted Assets) ​ 158,012 14.39 ​ 49,403 ​ 4.5 ​ 71,361 ​ 6.5 ​ Tier 1 Capital (Leverage): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (To Average Tangible Assets) ​ 158,012 10.96 ​ 57,665 ​ 4.0 ​ 72,082 ​ 5.0 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Capital: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (To Risk-Weighted Assets) ​ $ 170,932 15.62 % $ 87,536 ​ 8.0 % $ 109,421 ​ 10.0 % Tier 1 Capital: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (To Risk-Weighted Assets) ​ 157,231 14.37 ​ 65,652 ​ 6.0 ​ 87,536 ​ 8.0 ​ Common equity tier 1 Capital: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (To Risk-Weighted Assets) ​ 157,231 14.37 ​ 49,239 ​ 4.5 ​ 71,123 ​ 6.5 ​ Tier 1 Capital (Leverage): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (To Average Tangible Assets) ​ 157,231 10.60 ​ 59,313 ​ 4.0 ​ 74,141 ​ 5.0 ​ ​ In addition to the minimum common equity tier 1 (“CET1”), Tier 1 and total capital ratios, the Bank is required to maintain a capital conservation buffer consisting of additional CET1 capital greater than 2.5% of risk-weighted assets above the required minimum capital levels. Failure to maintain the required buffer could result in limitations on the Bank’s ability to pay dividends, repurchase shares, and pay discretionary bonuses, based on specified percentages of eligible retained income. As of June 30, 2026, the Bank’s CET1 capital exceeded the required capital conservation buffer by more than the required 2.5% of risk-weighted assets. For a bank holding company, such as the Company, the capital guidelines apply on a bank only basis. The Federal Reserve expects the holding company’s subsidiary banks to be well capitalized under the prompt corrective action regulations. If the Company was subject to regulatory guidelines for bank holding companies at June 30, 2026, the Company would have exceeded all regulatory capital requirements. At periodic intervals, the Company’s banking regulators routinely examine the Company’s financial condition and risk management processes as part of their legally prescribed oversight. Based on their examinations, these regulators can direct that the Company’s consolidated financial statements be adjusted in accordance with their findings. Examiners may require adjustment to the allowance based on information available to them at the time, which could also have a material adverse impact on the Company’s financial condition and results of operations. Liquidity Liquidity is essential to our business. The objectives of the Bank’s liquidity management are to maintain sufficient cash flows to meet obligations for depositor withdrawals, to fund the borrowing needs of loan clients, and to fund ongoing operations. Core relationship deposits are the primary source of the Bank’s liquidity. As such, the Bank focuses on deposit relationships with local consumer and business clients who maintain multiple accounts and services at the Bank. Liquidity management is both a short and long-term responsibility of the Company’s management. The Company adjusts its investments in liquid assets based upon management’s assessment of (i) expected loan demand, (ii) projected loan sales, (iii) expected deposit flows, (iv) yields available on interest-bearing deposits and (v) asset/liability management program objectives. Excess liquidity is invested generally in interest-bearing overnight deposits and other short-term government 36 Table of Contents and agency obligations. If the Company requires funds beyond those provided through its normal operating activities, it has additional diversified and reliable sources of funds with the FHLB, the FRB and other wholesale facilities. These sources of funds may be used on a long or short-term basis to compensate for a reduction in other sources of funds or on a long-term basis to support lending activities. The Company’s primary sources of funds are client deposits, proceeds from principal and interest payments on loans, proceeds from the sale of loans, maturing securities, FHLB advances and FRB borrowings. While maturities and scheduled amortization of loans and securities are a predictable source of funds, deposit flows and prepayment of mortgage loans and mortgage-backed securities are greatly influenced by general interest rates, economic conditions and competition. Management believes that its focus on core relationship deposits coupled with access to borrowing through reliable counterparties provides reasonable and prudent assurance that ample liquidity is available. However, depositor or counterparty behavior could change in response to competition, economic or market situations or other unforeseen circumstances, which could have liquidity implications that may require different strategic or operational actions. The Company must maintain an adequate level of liquidity to ensure the availability of sufficient funds for loan originations, deposit withdrawals and continuing operations, satisfy other financial commitments and take advantage of investment opportunities. During the three months ended June 30, 2026, deposits increased $7.4 million, providing a stable funding base. The Bank uses its funding sources primarily to support lending activities, manage deposit withdrawals, fund investment activities, and meet ongoing operational needs. At June 30, 2026, cash and cash equivalents and available for sale investment securities totaled $278.1 million, or 18.9% of total assets. Management believes that the Company’s security portfolio is of high quality and generally marketable. The level of liquid assets is influenced by the Company’s operating, financing, lending, and investing activities during any given period. In addition to these primary sources of funds, the Bank has several secondary borrowing sources available to meet potential funding requirements, including FRB borrowings and FHLB advances. At June 30, 2026, the Bank had no advances from the FRB and maintained a credit facility with the FRB with available borrowing capacity of $219.3 million, subject to sufficient collateral. FHLB advances totaled $16.1 million at the same date, with additional borrowing capacity of $268.8 million, also subject to adequate collateral and stock investment. At June 30, 2026, the Bank had sufficient unpledged collateral to allow it to utilize its available borrowing capacity from the FRB and the FHLB. Borrowing capacity may, however, fluctuate based on the quality and risk rating of pledged loan collateral, and counterparties may adjust discount rates applied to such collateral at their discretion. An additional source of wholesale funding includes brokered certificates of deposit. While the Company has used brokered deposits from time to time, the Company historically has not extensively relied on brokered deposits to fund its operations. At June 30, 2026 and March 31, 2026, the Bank had no wholesale brokered deposits. The Bank also participates in the Certificate of Deposit Account Registry Services (“CDARS”) and Insured Cash Sweep (“ICS”) deposit products, which allow the Company to accept deposits in excess of the FDIC insurance limit for a depositor and obtain “pass-through” insurance for the total deposits. The Bank’s CDARS and ICS balances were $27.6 million, or 2.19% of total deposits and $30.2 million, or 2.41% of total deposits, at June 30, 2026 and March 31, 2026, respectively. The combination of all the Bank’s funding sources gives the Bank available liquidity of $969.7 million, or 65.92% of total assets at June 30, 2026. At June 30, 2026, the Company had total commitments of $127.7 million, which includes commitments to extend credit of $6.9 million, unused lines of credit totaling $104.1 million, undisbursed construction loans totaling $15.1 million, and standby letters of credit totaling $1.6 million. For further information regarding the Company’s off-balance sheet arrangements and other contractual obligations, see Note 13 of the Notes to Consolidated Financial Statements contained in Item 1 of this Form 10-Q. The Company anticipates that it will have sufficient funds available to meet current loan commitments. Certificates of deposit that are scheduled to mature in less than one year from June 30, 2026 totaled $244.1 million. Historically, the Bank has been able to retain a significant amount of its deposits as they mature. Partially offsetting these cash outflows are scheduled loan maturities of less than one year totaling $69.1 million at June 30, 2026. The Company incurs capital expenditures on an ongoing basis to expand and improve its product offerings, enhance and modernize its technology infrastructure, and to introduce new technology-based products to compete effectively in its markets. The Company evaluates capital expenditure projects based on a variety of factors, including expected strategic impacts (such as forecasted impact on revenue growth, productivity, expenses, service levels and client retention) and its expected return on investment. The amount of capital investment is influenced by, among other things, current and 37 Table of Contents projected demand for its services and products, cash flow generated by operating activities, cash required for other purposes and regulatory considerations. Based on its current capital allocation objectives, during the remainder of fiscal 2027 the Company expects cash expenditures of approximately $2.0 million for capital investment in premises and equipment. Riverview, as a separate legal entity from the Bank, must provide for its own liquidity. Sources of capital and liquidity for Riverview include distributions from the Bank and the issuance of debt or equity securities. Dividends and other capital distributions from the Bank are subject to regulatory notice. Management currently expects to continue the Company’s current practice of paying quarterly cash dividends on its common stock subject to the Board of Directors’ discretion to modify or terminate this practice at any time and for any reason without prior notice. The current quarterly common stock dividend rate is $0.02 per share, as approved by the Board of Directors, which management believes is a dividend rate per share which enables the Company to balance its multiple objectives of managing and investing in the Bank and returning a substantial portion of the Company’s cash to its shareholders. Assuming continued payment during fiscal 2027 at this rate of $0.02 per share, average total dividends paid each quarter would be approximately $403,000 based on the number of the Company’s outstanding shares at June 30, 2026. At June 30, 2026, Riverview Bancorp, Inc. had $2.9 million in cash to meet its liquidity needs. Asset Quality Nonperforming assets were $8.7 million or 0.59% of total assets at June 30, 2026, compared to $7.8 million or 0.53% of total assets at March 31, 2026. The increase in nonperforming assets was primarily due to an increase in nonaccrual commercial real estate loans during the quarter. The Company had recoveries totaling $88,000 for the three months ended June 30, 2026, compared to net charge-offs of $1.3 million during the fiscal year ended June 30, 2026. The Company had one real estate owned property with a carrying value of zero at both June 30, 2026 and March 31, 2026. The following table sets forth information regarding the Company’s nonperforming loans, consisting of nonaccrual loans at the dates indicated (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2026 ​ ​ ​ March 31, 2026 ​ ​ Number of ​ ​ ​ ​ Number of ​ ​ ​ ​ ​ ​ ​ Loans ​ ​ ​ Balance ​ ​ ​ Loans ​ ​ ​ Balance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial business 4 ​ $ 607 4 ​ $ 645 Commercial real estate 4 ​ 8,132 4 ​ 7,112 Consumer — ​ — 1 ​ 7 Total ​ 8 ​ $ 8,739 ​ 9 ​ $ 7,764 ​ The ACL for loans was $15.3 million or 1.40% of total loans at June 30, 2026, and $15.2 million or 1.40% of total loans at March 31, 2026. The Company did not record a provision for credit losses for the three months ended June 30, 2026 or June 30, 2025. At June 30, 2026, the Company’s allowance for credit losses equaled 175% of nonperforming loans, compared to 196% at March 31, 2026. The allowance for collectively evaluated loans was 1.41% at both June 30, 2026 and March 31, 2026. Management considers the ACL for loans and unfunded loan commitments to be adequate at June 30, 2026 based on an evaluation of various factors affecting the loan portfolio. The Company believes the ACL has been established in accordance with GAAP; however, material increases may be required if economic conditions worsen, regulatory outcomes change, or other relevant factors emerge. Significant increases in the ACL may also be necessary if borrower credit quality deteriorates or collateral values decline. Such an increase could negatively impact the Company’s future financial condition and results of operations. For further information regarding the Company’s individually evaluated loans and ACL for loans, see Note 6 of the Notes to Consolidated Financial Statements contained in Item 1 of this Form 10-Q. 38 Table of Contents The following table sets forth information regarding the Company’s nonperforming assets at the dates indicated (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2026 ​ ​ ​ March 31, 2026 ​ ​ ​ ​ ​ ​ ​ Loans accounted for on a non-accrual basis: ​ ​ ​ ​ ​ ​ Commercial business ​ $ 607 ​ $ 645 Commercial real estate ​ 8,132 ​ 7,112 Consumer ​ — ​ 7 Total nonperforming loans ​ 8,739 ​ 7,764 Real estate owned (“REO”) ​ — ​ — Total nonperforming assets ​ $ 8,739 ​ $ 7,764 ​ ​ ​ ​ ​ ​ ​ Foregone interest on non-accrual loans ​ $ 148 ​ $ 240 ​ (1) Three months ended June 30, 2026 and year ended March 31, 2026. ​ The following tables set forth information regarding the Company’s nonperforming assets by loan type and geographical area at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Northwest ​ ​ ​ Southwest ​ ​ ​ ​ ​ ​ ​ ​ ​ Oregon ​ ​ ​ Washington ​ Total June 30, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial business ​ $ 120 ​ $ 487 ​ $ 607 Commercial real estate ​ 8,102 ​ 30 ​ 8,132 Total nonperforming assets ​ $ 8,222 ​ $ 517 ​ $ 8,739 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Northwest ​ ​ ​ Southwest ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Oregon ​ ​ ​ Washington ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial business ​ $ 126 ​ $ 519 ​ $ 645 Commercial real estate ​ 7,077 ​ 35 ​ 7,112 Consumer ​ — ​ 7 ​ 7 Total nonperforming assets ​ $ 7,203 ​ $ 561 ​ $ 7,764 ​ ​ At June 30, 2026, loans delinquent 30-89 days totaled $15.8 million, or 1.45% of total loans, compared to $6.5 million, or 0.60% of total loans, at March 31, 2026. The increase was primarily driven by three CRE loans totaling $11.4 million, the largest of which had an outstanding balance of $6.5 million. The Company continues to monitor these loans and work with the borrowers to address repayment and credit-related matters. The Company had no accruing loans that were 90 days or more delinquent at June 30, 2026 and March 31, 2026. At June 30, 2026, CRE loans represented the largest portion of the loan portfolio at 56.0% of total loans and commercial business loans represented 20.4% of total loans. Goodwill Valuation The Company performed its annual goodwill impairment test as of October 31, 2025, and determined that no impairment of goodwill existed. The Company also completed a qualitative assessment of goodwill as of June 30, 2026, and concluded that it is more likely than not that the fair value of the Bank (the reporting unit), exceeds its carrying value at that date. Accordingly, no goodwill impairment was recognized. 39 Table of Contents Future impairment charges could occur if adverse events or changes in circumstances arise, including, but not limited to: (i) a sustained decline in the Company’s stock price or that of peer institutions, (ii) revenue declines beyond current forecasts, or (iii) significant adverse changes in the operating environment for the financial industry. Changes in circumstances at or after the measurement date, or changes in the assumptions and estimates used in assessing goodwill, could also result in a partial or full impairment. While any such impairment charge would adversely affect the Company’s financial condition and results of operations, it would not impact the Company’s liquidity, operations, or regulatory capital ratios. Comparison of Operating Results for the Three Months Ended June 30, 2026 and 2025 Net Income. Net income was $1.7 million, or $0.08 per diluted share, for the three months ended June 30, 2026, compared to $1.2 million, or $0.06 per diluted share, for the same period in the prior year. The Company’s net income increased primarily as a result of an increase in net interest income, partially offset by an increase in non-interest expense. For the three months ended June 30, 2026, non-interest income increased modestly compared to the prior year period, partially offsetting higher operating expenses. ​ Net Interest Income. The Company’s profitability depends primarily on its net interest income, which is the difference between the income it receives on interest-earning assets and the interest paid on deposits and borrowings. When the rate earned on interest-earning assets equals or exceeds the rate paid on interest-bearing liabilities, this positive interest rate spread will generate net interest income. The Company’s results of operations are also significantly affected by general economic and competitive conditions, particularly changes in market interest rates, government legislation and regulation, and monetary and fiscal policies. ​ Net interest income for the three months ended June 30, 2026 increased $1.6 million to $11.4 million compared to $9.8 million for the same period in the prior year. The increase was primarily attributable to higher interest and fee income on loans receivable and lower interest expense on borrowings, partially offset by increased interest expense on deposits. Net interest margin increased to 3.34% for the three months ended June 30, 2026, from 2.78% for the three months ended June 30, 2025. The improvement in net interest margin was driven by growth in interest income, reflecting increases in average loan balances and interest-earning deposits held in other banks, as well as lower funding costs resulting from reduced reliance on FHLB advances. ​ Interest and Dividend Income. Interest and dividend income for the three months ended June 30, 2026 increased $993,000 to $16.4 million compared to $15.4 million for the same period in the prior year. The increase was primarily attributable to higher interest income on loans receivable and interest earning deposits in other banks of $889,000 and $541,000, respectively, partially offset by a $437,000 decrease in interest income on investment securities. The increase in interest income on loans receivable was primarily due to higher average loan balances and yields, while the increase in interest income on interest-earning deposits in other banks was primarily due to higher average balances. ​ The increase in interest and fee income on loans receivable was primarily attributable to higher average loan balances and an increase in the average yield on loans. The average yield on loans increased 22 basis points to 5.24% for the three months ended June 30, 2026, compared to 5.02% for the same period in 2025. The average yield on mortgage loans increased 25 basis points to 5.27% from 5.02%, while the average yield on non-mortgage loans increased 10 basis points to 5.13% from 5.03% during the same period. Average net loans increased $23.7 million to $1.09 billion for the three months ended June 30, 2026, compared to $1.07 billion for the same period in the prior year. The increase in average loan balances was primarily attributable to growth in mortgage loans, which increased $22.2 million to $817.1 million, while average non-mortgage loans increased $1.5 million to $273.3 million compared to the prior year period. ​ Interest income on investment securities decreased $437,000 for the three months ended June 30, 2026, compared to the same period in the prior year, due to a decline in the average balance of investment securities, partially offset by higher average yields on the investment portfolio. The average balance of investment securities decreased $146.7 million to $190.5 million for the three months ended June 30, 2026, from $337.2 million for the same period in the prior year. The decrease in average balance of investment securities was primarily attributable to securities sales and repositioning activities undertaken as part of the Company’s balance sheet optimization strategy completed during the fourth quarter of 40 Table of Contents fiscal 2026, as well as normal portfolio paydowns. Despite the lower average balance, the average yield on investment securities increased to 2.75% for the three months ended June 30, 2026, from 2.09% for the same period in the prior year, reflecting higher yields on securities purchased last quarter of fiscal 2026 and during the first quarter of fiscal 2027 for a total of $49.5 million. ​ Interest Expense. Interest expense decreased $562,000 to $5.0 million for the three months ended June 30, 2026, from $5.5 million for the three months ended June 30, 2025. The decrease was primarily attributable to lower interest expense on FHLB advances, driven by both lower average balances and lower rates, partially offset by higher interest expense on deposits. ​ Interest expense on deposits increased $587,000 to $4.4 million for the three months ended June 30, 2026, compared to $3.8 million for the same period in 2025. The increase was primarily driven by higher average balances and higher rates paid on interest checking accounts, together with higher average balances of certificates of deposit. These increases were partially offset by lower rates paid on certificates of deposit. ​ The average rate on interest checking accounts increased 34 basis points to 1.30% for the three months ended June 30, 2026, compared to 0.96% for the same period in 2025. In addition, the average balance on interest checking accounts increased by $60.9 million to $323.9 million from $263.0 million in the prior year period. These increases contributed to the higher interest expense on deposits. ​ The average rate on certificate of deposits decreased eight basis points to 3.35% for the three months ended June 30, 2026, compared to 3.43% for the same period in 2025, while the average balances increased $25.7 million to $251.3 million from $225.6 million in the prior year period. Additionally, the average balance of regular savings accounts decreased by $12.6 million to $151.4 million for the three months ended June 30, 2026, compared to $164.0 million for the same period in 2025. ​ Interest expense on borrowings decreased $1.1 million to $611,000 for the three months ended June 30, 2026, compared to $1.8 million for the same period in 2025. The decrease was primarily due to lower average balances and rates on FHLB advances. Average FHLB balances declined to $16.1 million for the three months ended June 30, 2026, from $110.3 million for the same period in the prior year. In addition, the average rate on FHLB advances decreased 65 basis points to 3.94% for the three months ended June 30, 2026, from 4.59% for the same period in 2025. ​ ​ 41 Table of Contents The following tables set forth, for the periods indicated, information regarding average balances of assets and liabilities as well as the total dollar amounts of interest income earned on average interest-earning assets and interest expense paid on average interest-bearing liabilities, resultant yields, interest rate spread, ratio of interest-earning assets to interest-bearing liabilities and net interest margin (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ ​ 2026 ​ 2025 ​ ​ ​ ​ ​ Interest ​ ​ ​ ​ ​ ​ Interest ​ ​ ​ ​ Average ​ and ​ ​ ​ Average ​ and ​ ​ ​ ​ ​ ​ Balance ​ ​ ​ Dividend ​ ​ ​ Yield/Cost ​ ​ ​ Balance ​ ​ ​ Dividends ​ ​ ​ Yield/Cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest-earning assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage loans ​ $ 817,074 ​ $ 10,743 5.27 % $ 794,887 ​ $ 9,945 5.02 % Non-mortgage loans ​ 273,297 ​ 3,498 5.13 ​ 271,825 ​ 3,407 5.03 ​ Total net loans (1) ​ 1,090,371 ​ 14,241 5.24 ​ 1,066,712 ​ 13,352 5.02 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment securities (2) ​ 190,483 ​ 1,308 ​ 2.75 ​ 337,184 ​ 1,753 ​ 2.09 ​ Interest-earning deposits in other banks ​ 86,398 ​ 787 ​ 3.65 ​ 13,530 ​ 141 ​ 4.18 ​ Other earning assets ​ 2,467 ​ 45 ​ 7.32 ​ 6,704 ​ 150 ​ 8.97 ​ Total interest-earning assets ​ 1,369,719 ​ 16,381 4.80 ​ 1,424,130 ​ 15,396 4.34 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-interest-earning assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Office properties and equipment, net ​ 21,856 ​ ​ ​ ​ 23,283 ​ ​ ​ ​ Other non-interest-earning assets ​ 61,651 ​ ​ ​ ​ 61,661 ​ ​ ​ ​ Total assets ​ $ 1,453,226 ​ ​ ​ ​ $ 1,509,074 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest-bearing liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Regular savings accounts ​ $ 151,391 ​ 47 0.12 ​ $ 163,966 ​ 43 0.11 ​ Interest checking accounts ​ 323,866 ​ 1,046 1.30 ​ 262,991 ​ 632 0.96 ​ Money market accounts ​ 227,502 ​ 1,172 2.07 ​ 229,532 ​ 1,169 2.04 ​ Certificates of deposit ​ 251,276 ​ 2,096 3.35 ​ 225,567 ​ 1,930 3.43 ​ Total interest-bearing deposits ​ 954,035 ​ 4,361 1.83 ​ 882,056 ​ 3,774 1.72 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Junior subordinated debentures ​ 27,187 ​ 417 6.15 ​ 27,101 ​ 461 6.82 ​ FHLB advances ​ ​ 16,100 ​ ​ 158 ​ 3.94 ​ ​ 110,309 ​ ​ 1,261 ​ 4.59 ​ Other interest-bearing liabilities ​ ​ 2,010 ​ ​ 36 ​ 7.18 ​ ​ 2,140 ​ ​ 38 ​ 7.12 ​ Total interest-bearing liabilities ​ 999,332 ​ 4,972 2.00 ​ 1,021,606 ​ 5,534 2.17 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-interest-bearing liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​Non-interest-bearing deposits ​ 295,442 ​ ​ ​ ​ 313,556 ​ ​ ​ ​ ​ ​ ​Other liabilities ​ 12,052 ​ ​ ​ ​ 12,325 ​ ​ ​ ​ ​ Total liabilities ​ 1,306,826 ​ ​ ​ ​ 1,347,487 ​ ​ ​ ​ ​ Shareholders’ equity ​ 146,400 ​ ​ ​ ​ 161,587 ​ ​ ​ ​ Total liabilities and shareholders’ equity ​ $ 1,453,226 ​ ​ ​ ​ $ 1,509,074 ​ ​ ​ ​ Net interest income ​ ​ ​ $ 11,409 ​ ​ ​ ​ $ 9,862 ​ ​ Interest rate spread ​ ​ ​ ​ 2.80 % ​ ​ ​ 2.17 % Net interest margin ​ ​ ​ ​ 3.34 % ​ ​ ​ 2.78 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ratio of average interest-earning assets to average interest-bearing liabilities ​ ​ ​ ​ ​ ​ ​ 137.06 % ​ ​ ​ ​ ​ ​ 139.40 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tax equivalent adjustment (3) ​ ​ ​ $ 13 ​ ​ ​ ​ $ 21 ​ ​ (1) Includes non-accrual loans. (2) For purposes of the computation of average yield on investment securities available for sale, historical cost balances were utilized; therefore, the yield information does not give effect to changes in fair value that are reflected as a component of shareholders’ equity. (3) Tax-equivalent adjustment relates to non-taxable investment interest income calculated based on a combined federal and state tax rate of 24% for the two periods. ​ ​ 42 Table of Contents The following table sets forth the effects of changing rates and volumes on net interest income of the Company for the three months ended June 30, 2026, compared to the three months ended June 30, 2025. Variances that were insignificant have been allocated based upon the percentage relationship of changes in volume and changes in rate to the total net change (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ ​ ​ 2026 vs 2025 ​ ​ ​ ​ ​ Increase (Decrease) Due to ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ Increase ​ ​ ​ ​ ​ Volume ​ ​ ​ Rate ​ ​ ​ (Decrease) ​ ​ ​ Interest Income: ​ ​ ​ ​ ​ ​ Mortgage loans ​ $ 287 ​ $ 511 ​ $ 798 ​ Non-mortgage loans ​ 19 ​ 72 ​ 91 ​ Investment securities (1) ​ (896) ​ 459 ​ (437) ​ Interest-earning deposits in other banks ​ 666 ​ (20) ​ 646 ​ Other earning assets ​ (81) ​ (24) ​ (105) ​ Total interest income ​ (5) ​ 998 ​ 993 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Expense: ​ ​ ​ ​ ​ ​ ​ Regular savings accounts ​ (2) ​ 6 ​ 4 ​ Interest checking accounts ​ 164 ​ 250 ​ 414 ​ Money market accounts ​ (11) ​ 14 ​ 3 ​ Certificates of deposit ​ 213 ​ (47) ​ 166 ​ Junior subordinated debentures ​ ​ 1 ​ ​ (45) ​ ​ (44) ​ FHLB advances ​ ​ (946) ​ ​ (157) ​ ​ (1,103) ​ Other interest-bearing liabilities ​ (2) ​ — ​ (2) ​ Total interest expense ​ (583) ​ 21 ​ (562) ​ Net interest income ​ $ 578 ​ $ 977 ​ $ 1,555 ​ ​ (1) Interest is presented on a fully tax-equivalent basis. Provision for Credit Losses. T he Company recorded no provision for credit losses for the three months ended June 30, 2026 and 2025. The absence of a provision for the three months ended June 30, 2026 primarily reflected the continued stability of the Company’s credit quality, management’s economic forecast assumptions, and the adequacy of the existing allowance for credit losses. Expected loss estimates also incorporated various borrower and portfolio-level factors, such as client-specific information, changes in risk ratings, projected delinquencies, and the potential impact of economic conditions on borrowers ’ ability to repay. For the three months ended June 30, 2026, recoveries totaled $88,000 compared to recoveries of $52,000 for the three months ended June 30, 2025. ​ At June 30, 2026, the ACL totaled $15.3 million, or 1.40% of total loans, compared to $15.4 million, or 1.44% of total loans, at June 30, 2025. The ACL remained relatively stable compared to the prior year, reflecting the continued strength of the loan portfolio and management’s assessment of expected credit losses. The coverage ratio of ACL to nonperforming loans was 175.49% at June 30, 2026 compared to 196.39% at March 31, 2026.The decline in the coverage ratio primarily reflected an increase in nonperforming loans relative to the allowance rather than any deterioration in the overall adequacy of the ACL. The Company continues to monitor the identified credit relationships and does not currently anticipate losses beyond amounts already reflected in the ACL. ​ Non-Interest Income. Non-interest income increased $192,000 to $3.6 million for the three months ended June 30, 2026, compared to $3.4 million for the same period in the prior year. The increase was primarily due to an increase of $82,000 in asset management fee income, which resulted from growth in total assets under management by the Trust Company. In addition, fees and service charges increased by $69,000 for the three months ended June 30, 2026, compared to the same period in the prior year, primarily due to an increase in brokered loan fees income. Income from bank-owned life insurance also increased $25,000 as a result of greater earnings on policies. 43 Table of Contents Non-Interest Expense. Non-interest expense increased $1.2 million to $12.9 million for the three months ended June 30, 2026, compared to $11.7 million for the same period in the prior year. Salaries and employee benefits increased $781,000 primarily due to increases in compensation expenses and employee benefits. These increases were primarily due to strategic investments in personnel supporting the Company’s leadership structure and growth initiatives and higher insurance premiums. Data processing expenses increased $170,000 due to continued investment in the Company’s technology to support its growth initiatives. State and local taxes increased by $118,000 primarily due to higher business and occupational taxes under new state tax requirements and increased sales tax activity related to projects supporting the Company’s strategic initiatives. Advertising and marketing expenses increased by $93,000 primarily due to the timing of various sponsorships. Professional fees increased by $64,000 due to higher legal expenses. Offsetting these increases was a decrease in other non-interest expense of $63,000 due to lower fraud losses and stock-related expenses. Income Taxes. The provision for income taxes was $435,000 for the three months ended June 30, 2026, compared to $322,000 for the same period in the prior year. The increase in income taxes reflects higher pre-tax income. The Company’s effective tax rate was 20.4% for the three months ended June 30, 2026, compared to 20.8% for the same period in the prior year. Management continues to believe that the Company's deferred tax assets are fully realizable, and therefore no valuation allowance was required at June 30, 2026. ​ 44 Table of Contents Item 3. Quantitative and Qualitative Disclosures About Market Risk ​ There have not been any material changes in the market risk disclosures contained in the 2026 Form 10-K. ​ Item 4. Controls and Procedures An evaluation of the Company’s disclosure controls and procedures (as defined in Rule 13a-15(e) of the Securities Exchange Act of 1934), as of June 30, 2026, was carried out under the supervision and with the participation of the Company’s Chief Executive Officer (principal executive officer), Chief Financial Officer (principal financial officer) and other members of the Company’s senior management. The Company’s Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures as in effect on June 30, 2026 were effective in ensuring that the information required to be disclosed by the Company in the reports it files or submits under the Securities and Exchange Act of 1934, as amended is (i) accumulated and communicated to the Company’s management (including the Chief Executive Officer and Chief Financial Officer) in a timely manner, and (ii) recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. During the quarter ended June 30, 2026, the Company did not make any changes in its internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, these controls. The Company’s disclosure controls and procedures and internal control over financial reporting are designed to provide reasonable, but not absolute, assurance that their objectives are achieved. The Company does not expect that its disclosure controls and procedures and internal control over financial reporting will prevent all errors and fraud. Because of the inherent limitations in any system of internal controls, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns in controls or procedures can occur because of simple errors or mistakes. Additionally, controls can be circumvented by the individual acts of some people, by collusion of two or more people, or by management override of the controls. The design of any control procedure is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions; over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of the inherent limitations in a cost-effective control procedure, misstatements attributable to errors or fraud may occur and not be detected. ​ ​ 45 Table of Contents RIVERVIEW BANCORP, INC. AND SUBSIDIARY PART II. OTHER INFORMATION Item 1. Legal Proceedings The Company is a party to litigation arising in the ordinary course of business. In the opinion of management, these actions will not have a material effect on the Company’s financial position, results of operations, or liquidity. For additional information on the Company’s litigation, see Note 13 to the Consolidated Financial Statements contained in Item 1 of this Form 10-Q. ​ Item 1A. Risk Factors There have been no material changes to the risk factors set forth in Part I. Item 1A of the Company’s 2026 Form 10-K. ​ Item 2. Unregistered Sales of Equity Securities and Use of Proceeds (a) Not applicable. (b) Not applicable. (c) The following table provides information about repurchases of common stock by the Company during the quarter ended June 30, 2026. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of ​ Maximum Dollar Value ​ ​ Total ​ Average ​ Shares Purchased ​ of Shares that ​ ​ Number of ​ Price ​ as Part of Publicly ​ May Yet Be Purchased ​ ​ Shares ​ Paid per ​ Announced Stock ​ Under the Stock Period ​ Purchased ​ Share ​ Repurchase Program ​ Repurchase Program April 1, 2026 - April 30, 2026 ​ 54,739 ​ $ 5.43 ​ ​ 54,739 ​ $ 3,005,602 May 1, 2026 - May 31, 2026 ​ 80,814 ​ ​ 5.51 ​ ​ 80,814 ​ ​ 2,560,516 June 1, 2026 - June 30, 2026 ​ 173,253 ​ ​ 5.65 ​ ​ 173,253 ​ ​ 1,581,744 Total 308,806 ​ $ 5.57 ​ 308,806 $ — ​ On January 28, 2026, the Company’s Board of Directors announced the adoption of a stock repurchase program (the “January 2026 repurchase program”), authorizing the Company to purchase up to $4.0 million of the Company’s outstanding shares of common stock, in the open market, based on prevailing market prices, or in privately negotiated transactions. The repurchase program will continue until the earlier of the completion of the repurchase or 12 months after the effective date, depending on market conditions. ​ Item 3. Defaults Upon Senior Securities Not applicable ​ Item 4. Mine Safety Disclosures Not applicable ​ Item 5. Other Information (a) None (b) None 46 Table of Contents (c) Trading Plans. During the quarter ended June 30, 2026, no director or officer (as defined in Rule 16a-1(f) under the Exchange Act) of the Company adopted or terminated a “ Rule 10b5-1 trading arrangemen t” or “ non-Rule 10b5-1 trading agreement ,” as each term is defined in Item 408(a) of Regulation S-K. 47 Table of Contents ​ ​ Item 6. Exhibits (a) Exhibits: ​ 3.1 ​ ​ ​ Articles of Incorporation of the Registrant (1) 3.2 ​ Amended and Restated Bylaws of the Registrant (2) 4.1 ​ Form of Certificate of Common Stock of the Registrant (1) 4.2 ​ Description of Riverview Bancorp, Inc. Common Stock (3) 10.1 ​ Form of Employment Agreement between the Company and the Bank and Nicole Sherman (4) 10.2 ​ Form of Change in Control Agreement between the Company and the Bank and Nicole Sherman (4) 10.3 ​ Form of Employment Agreement between the Company and the Bank and each of Daniel D. Cox and David Lam (5) 10.4 ​ Form of Change in Control Agreement between the Company and the Bank and each of Daniel D. Cox and David Lam (5) 10.5 ​ Form of Employment Agreement between the Company and Evan Sowers (5) 10.6 ​ Form of Change in Control Agreement between the Company and Evan Sowers (5) 10.7 ​ Employee Stock Ownership Plan (6) 10.8 ​ Deferred Compensation Plan (7) 10.9 ​ 2017 Equity Incentive Plan (8) 10.10 ​ Form of Incentive Stock Option Award Agreement under the Riverview Bancorp, Inc. 2017 Equity Incentive Plan (9) 10.11 ​ Form of Non-Qualified Stock Option Award Agreement under the Riverview Bancorp, Inc. 2017 Equity Incentive Plan (9) 10.12 ​ Form of Restricted Stock Award Agreement under the Riverview Bancorp, Inc. 2017 Equity Incentive Plan (9) 10.13 ​ Form of Restricted Stock Unit Award Agreement under the Riverview Bancorp, Inc. 2017 Equity Incentive Plan (9) 31.1 ​ Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act * 31.2 ​ Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act * 32 ​ Certification of Chief Executive Officer and Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act* 101 ​ The following materials from Riverview Bancorp Inc.’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, formatted in Inline Extensible Business Reporting Language (XBRL) (a) Consolidated Balance Sheets; (b) Consolidated Statements of Income; (c) Consolidated Statements of Comprehensive Income; (d) Consolidated Statements of Shareholders’ Equity (e) Consolidated Statements of Cash Flows; and (f) Notes to Consolidated Financial Statements * 104 ​ The cover page from Riverview Bancorp Inc’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, formatted in Inline XBRL and contained in Exhibit 101 ​ (1) Filed as an exhibit to the Registrant's Registration Statement on Form S-1 (Registration No. 333-30203) and incorporated herein by reference. (2) Filed as an exhibit to the Registrant’s Current Report on Form 8-K filed with the SEC on June 26, 2024 and incorporated herein by reference. (3) Filed as an exhibit to the Registrant’s Annual Report on Form 10-K for the fiscal year ended March 31, 2020, and incorporated herein by reference. (4) Filed as an exhibit to the Registrant’s Current Report on Form 8-K filed with the SEC on June 21, 2024 and incorporated herein by reference. (5) Filed as an exhibit to the Registrant's Annual Report on Form 10-K for the fiscal year ended March 31, 2025, and incorporated herein by reference. (6) Filed as an exhibit to the Registrant’s Annual Report on Form 10-K for the fiscal year ended March 31, 1998, and incorporated herein by reference. (7) Filed as an exhibit to the Registrant’s Annual Report on Form 10-K for the fiscal year ended March 31, 2009 and incorporated herein by reference. (8) Filed as Appendix A to the Registrant’s Definitive Annual Meeting Proxy Statement (000-22957), filed with the Commission on June 16, 2017, and incorporated herein by reference. (9) Filed as an exhibit to the Registrant’s Registration Statement on Form S-8 (Registration No. 333-228099) and incorporated herein by reference. ​ *Filed herewith ​ ​ ​ 48 Table of Contents 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 thereunto duly authorized. ​ ​ ​ ​ ​ RIVERVIEW BANCORP, INC. ​ ​ By: /S/ Nicole Sherman ​ By: /S/ David Lam Nicole Sherman ​ David Lam President and Chief Executive Officer (Principal Executive Officer) ​ Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Date: August 14, 2026 ​ Date: August 14, 2026 ​ ​ ​ ​ 49