Riverview Company profile
About Riverview Bancorp, Inc.
Riverview Bancorp, Inc. is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by the Riverview Trust Company. The Company is engaged in the business of attracting deposits from the general public and using such funds in 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. In addition, Riverview Trust Company offers trust and investment services. Riverview Mortgage, which is a mortgage broker division of the Bank, originates mortgage loans for various mortgage companies in the Vancouver/Portland metropolitan areas, as well as for the Bank. The Bank's Business and Professional Banking Division offers commercial and business banking services. It operates approximately 17 branch offices.
Financial summary
BRIEF: For the nine months ended 31 December 2021, Riverview Bancorp, Inc. interest income increased 3% to $37.4M. Net interest income after loan loss provision increased 18% to $39.7M. Net income increased from $7.1M to $17.7M. Net interest income after loan loss provision reflects Interest on investment securities - taxa increase from $1.7M to $3.4M, Other interest and dividends increase of 75% to $379K.
Equity composition
Common Stock $.01 Par, 05/11, 50M auth., 22,471,890 issd. Insiders owns 15.31%. IPO: 9/97, 3,570,750 shs. @ $10 by Charles Webb & Company in conv. from mutual to stock form. 08/06, 2-for-1 stock split.
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