Source: GlobeNewswire (MIL-OSI)
YUBA CITY, Calif., July 20, 2021 (GLOBE NEWSWIRE) River Valley Community Bancorp (OTC markets: RVCB) with its wholly owned subsidiary, River Valley Community Bank (collectively referred to as the “Bank”), today announced financial results for the quarter ended June 30, 2021.
Consolidated financial highlights:
Total assets totaled $503.3 million as of June 30, 2021, compared to $514.8 million as of June 30, 2020, and $506.8 million as of March 31, 2021.
Net income for the quarter ended June 30, 2021, totaled $1.3 million or $0.53 per diluted share compared to $652,000 or $0.27 per diluted share for the quarter ended June 30, 2020, and $1.2 million or $0.51 per diluted share for the quarter ended March 31, 2021.
Net interest income totaled $3.9 million for the quarter ended June 30, 2021, compared to $3.5 million for the quarter ended June 30, 2020, and $3.8 million for the quarter ended March 31, 2021.
Jun. 11—River Valley Community Bank recently announced the appointment of Kevin Reynolds as the bank's new executive vice president and chief financial officer. As CFO, Reynolds will oversee the bank's accounting and finance department, which includes cash management, capital planning, asset/liability management, financial forecasting, and management of the bank's investment securities .
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