Welcome to our dedicated page for White Riv Bancshares news (Ticker: WRIV), a resource for investors and traders seeking the latest updates and insights on White Riv Bancshares stock.
White River Bancshares Company reports news as the OTCQX-traded holding company for Signature Bank of Arkansas, a community bank serving small businesses, families and farms in Arkansas. Recurring updates cover bank earnings, loan growth, net interest income, net interest margin, credit quality, noninterest income and regulatory capital ratios.
Company announcements also include capital actions such as annual cash dividends, common-stock split activity and subordinated debt issuance. Coverage centers on the bank's Arkansas market footprint, balance-sheet growth, shareholder distributions and the capital measures used by a bank holding company.
White River Bancshares Company (OTCQX: WRIV) reported a remarkable 33.8% increase in net income for Q2 2021, reaching $2.08 million, or $2.14 per diluted share, compared to Q1 2021. This reflects a staggering 210.7% year-over-year rise. Total deposits grew by 8.0% to $685.9 million, with noninterest-bearing deposits soaring by 29.2%. The bank maintains strong credit quality, reporting no nonperforming assets for two consecutive quarters. Key metrics include a return on average assets of 1.04% and a capital ratio of 13.32%. Overall, the company anticipates continued growth moving forward.
White River Bancshares Company (OTCQX: WRIV) announced a 23% increase in net income to $1.55 million, or $1.60 per diluted share, for Q1 2021. This marks a 109.1% rise compared to the same quarter last year. Key highlights include a 15.3% rise in total deposits to $682.6 million and a net interest margin improvement to 3.82%. The company's proactive approach during the pandemic included originating $7.7 million in new Paycheck Protection Program (PPP) loans. Notably, nonperforming assets were negligible, at 0.00% of total assets, reflecting strong credit quality.
White River Bancshares Company (OTCQX: WRIV) reported a 9.8% increase in net income to $1.26 million for Q4 2020, compared to $1.15 million in Q3 2020. For the full year, net income was $3.82 million, down from $5.14 million in 2019. The company saw 6.8% growth in net loans and 9.1% growth in deposits year-over-year. Non-performing assets dropped to zero by year-end. Despite pandemic-related challenges, the bank made significant strides, including a $458,000 provision for loan losses to bolster reserves.