Welcome to our dedicated page for River Valley news (Ticker: RVCB), a resource for investors and traders seeking the latest updates and insights on River Valley stock.
River Valley Community Bancorp (RVCB), the holding company for River Valley Community Bank, regularly issues news updates covering its commercial banking activities and regional expansion. The company trades on the OTC Markets and uses its news releases to communicate financial results, branch developments, and key personnel additions related to its community banking operations.
Readers of this RVCB news page can expect coverage of unaudited quarterly and annual financial results, where the company reports on periods ended June 30, September 30, and December 31, among others. These announcements often highlight the Bank’s capital position, actions such as stock repurchase plans, and decisions like the commencement of a regular quarterly cash dividend on common stock.
News items also describe the Bank’s branch network and market growth, including updates on offices in Yuba City, Grass Valley, Auburn, Marysville, and Roseville, California, and a loan production office in Reno, Nevada. The company has issued releases on building experienced banking teams in Roseville, expanding its presence in Placer County, and strengthening its Yuba Sutter and Nevada County teams to better serve small businesses, agricultural clients, and local residents.
Personnel announcements are another recurring theme, with the Bank highlighting appointments to its board of directors, market managers, relationship managers, and community relations officers. These stories emphasize relationship banking, local decision-making, and community involvement. By following the RVCB news feed, investors and observers can track how River Valley Community Bancorp describes its strategy, team development, regional focus, and capital-related actions over time.
River Valley Community Bancorp (OTC: RVCB) reported robust financial results for the quarter ending December 31, 2021. Total assets reached $600.8 million, up 21% year-over-year. Net income was $1.4 million, with diluted earnings per share at $0.44. The annual net income grew by 28% to $5.4 million, while net interest income increased 12.3% to $15.9 million. Deposits also surged 23.1% to $548 million. However, total loans decreased by 2.7% due to PPP loan payoffs, although core loans grew significantly. The company is optimistic about the future, planning to open a loan office in Reno, NV.
River Valley Community Bancorp (RVCB) announced its financial results for Q3 2021, reporting a net income of $1.4 million or $0.56 per diluted share, up from $1.3 million in Q3 2020. The Bank's total assets were $527.7 million, reflecting a decrease from $531.1 million year-over-year. A five-for-four stock split was approved to enhance liquidity, with shares issued on November 1, 2021. Notably, total loans decreased by 7.6% year-over-year, while total deposits rose by 18.6%. The Bank maintains strong core deposit growth, aiding in reduced interest expenses.
River Valley Community Bancorp (RVCB) announced its financial results for Q2 2021, reporting net income of $1.3 million or $0.53 per diluted share, up from $652,000 or $0.27 per diluted share a year earlier. Total assets reached $503.3 million, slightly down from $514.8 million in Q2 2020. The bank's net interest income rose 11.9% year-over-year to $3.9 million. Additionally, they launched a stock repurchase plan up to $1 million to enhance shareholder value and liquidity. CEO John M. Jelavich expressed optimism despite potential pressure from flat yield curves and supply chain challenges.
River Valley Community Bancorp (RVCB) has appointed Kevin Reynolds, CPA, as the new Executive Vice President and Chief Financial Officer. Reynolds will lead the Bank's Accounting & Finance department, focusing on cash management, capital planning, and financial forecasting. Previously, he spent eight years at Moss-Adams LLP, managing audit engagements for banks and credit unions. CEO John M. Jelavich expressed confidence in Reynolds' expertise to support the bank's growth. Reynolds noted the Bank's strong foundation and readiness for future growth.
River Valley Community Bancorp (RVCB) reported its financial results for Q1 2021, with total assets rising to $506.9 million, up from $496.5 million in Q4 2020 and $468.7 million in Q1 2020. Net income was $1.2 million or $0.51 per diluted share, down from $1.4 million in Q4 2020 but up from $748,000 in Q1 2020. Net interest income slightly decreased to $3.8 million compared to $3.9 million in the previous quarter. Total deposits increased by 2.9% to $457.9 million. The bank's loan portfolio saw modest growth, with less reliance on PPP loans.