VANCOUVER, Wash., March 25, 2026 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”), parent company of Riverview Bank (the “Bank”) implemented a strategic balance sheet optimization. This included the reclassification of its entire held-to-maturity (“HTM”) securities to available-for-sale (“AFS”) securities. After the reclassification, Riverview sold $149.3 million in lower-yielding book value investment securities, with an average yield of 1.62%, for an estimated pre-tax loss of $11.4 million. A targeted approach was used to identify lower-yielding bonds, balancing the respective loss in relation to its book value. The goal was to minimize the loss while maximizing proceeds from the sale. Reclassifying the bonds from HTM to AFS will reduce overall equity. The reclassified bonds will be measured at fair value, with the impact recorded in accumulated other comprehensive income. Given Riverview's strong capital levels, no additional capital was needed to support the strategic optimization, and Riverview remains well-capitalized for regulatory purposes.
