Riverview Bancorp Inc. (RVSB) on Friday said it expects to record a provision for loan losses in the range of $6.8 million to $7.3 million, or $0.63 to $0.68 per share, during the second quarter.
The company currently expects the year to date provision for loan losses to be between $9.6 million and $10.1 million. The action would lift Riverview's allowance for loan losses to approximately 2.20% of total loans at September 30, 2008.
For comments and feedback: editorial@rttnews.com