Riverview financial corp (RIVE)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Interest income:
Interest and fees on loans:
Loans, including fees

-

-

-

-

-

15,864

12,505

11,704

Taxable

44,867

47,733

26,474

17,565

15,333

1,178

348

571

Tax-exempt

979

930

600

451

293

632

715

716

Interest on investment securities available-for-sale:
Taxable

2,735

2,276

2,155

1,931

959

-

-

-

Tax-exempt

200

320

228

326

476

-

-

-

Interest-bearing deposits

-

-

-

-

-

39

18

22

Dividends

-

-

3

8

13

57

12

4

Interest on interest-bearing deposits in other banks

766

575

121

53

37

-

-

-

Interest on federal funds sold

-

20

12

2

-

1

10

-

Total interest income

49,547

51,854

29,593

20,336

17,111

17,771

13,608

13,017

Interest expense:
Interest on deposits

8,086

7,189

3,489

1,793

1,679

1,853

2,156

2,818

Interest on short-term borrowings

-

30

230

84

81

21

1

16

Interest on long-term debt

514

746

401

295

169

250

299

346

Total interest expense

8,600

7,965

4,120

2,172

1,929

2,124

2,456

-

Total Interest Expense

-

-

-

-

-

-

-

3,180

Net interest income

40,947

43,889

25,473

18,164

15,182

15,647

11,152

9,837

Provision for loan losses

2,406

615

2,734

453

1,472

526

640

1,140

Net interest income after provision for loan losses

38,541

43,274

22,739

17,711

13,710

15,121

10,512

8,697

Noninterest income:
Service charges, fees and commissions

-

-

-

1,278

1,021

-

-

-

Commission and fees on fiduciary activities

-

-

-

118

85

-

-

-

Wealth management income

-

-

-

825

748

-

-

-

Mortgage banking income

-

-

-

597

403

-

-

-

Service charges on deposit accounts

-

-

-

-

-

451

339

287

Other service charges and fees

-

-

-

-

-

812

415

363

Bank owned life insurance investment income

763

776

449

345

217

223

222

271

Fees and commissions from securities brokerage

-

-

-

-

-

834

573

-

Net gain (loss) on sale of investment securities available-for-sale

-22

40

89

484

-17

463

117

770

Loss on other assets

-

-

-

-

-

-2

-273

-22

Gain on sale of mortgage loans

-

-

-

-

-

315

529

799

Bargain purchase gain from combination

-

-

-

-

-

-

629

-

Total noninterest income

8,514

8,880

4,411

3,647

2,197

2,779

1,971

2,350

Noninterest expense:
Salaries and employee benefits expense

23,845

22,064

15,196

9,261

10,000

7,599

6,123

4,870

Net occupancy and equipment expense

-

-

-

-

2,700

-

-

-

Net occupancy and equipment expense

4,357

4,153

3,271

2,165

-

1,355

1,001

926

Equipment expenses

-

-

-

-

-

631

541

511

Computer services

-

-

-

-

-

251

96

-

Telecommunication and processing charges

-

-

-

-

-

1,182

793

655

Postage and office supplies

-

-

-

-

-

394

270

245

FDIC premiums

-

-

-

-

-

364

251

256

Bank shares tax expense

-

-

-

-

-

294

-

-

Bank shares tax expense

-

-

-

-

-

-

286

255

Directors' compensation

-

-

-

-

-

452

309

287

Professional services

-

-

-

-

-

329

457

262

Amortization of intangible assets

773

867

538

340

259

286

135

-

Net cost (benefit) of operation of other real estate owned

-67

-48

-172

-331

-260

-317

-580

-118

Other expenses

13,026

11,793

9,383

5,232

4,852

1,315

1,008

799

Total noninterest expense

42,068

38,925

28,560

17,329

17,811

14,452

11,270

9,066

Income (loss) before income taxes

4,987

13,229

-1,410

4,029

-1,904

3,448

1,213

1,981

Income tax expense (benefit)

701

2,371

3,501

962

-1,150

727

-250

318

Net income (loss)

4,286

10,858

-4,911

3,067

-754

2,721

1,463

1,663

Unrealized gain (loss) on investment securities available-for-sale

2,837

-1,012

1,471

-2,728

-41

-

-

-

Reclassification adjustment for net (gain) loss on sales included in net income

-22

40

89

484

-17

-

-

-

Change in pension liability

16

-265

-54

47

-344

-

-

-

Income tax expense related to other comprehensive income

604

-277

451

-1,076

-125

-

-

-

Other comprehensive income, net of income taxes

2,271

-1,040

877

-2,089

-243

-

-

-

Comprehensive income

6,557

9,818

-4,034

978

-997

-

-

-

Net income (loss):
Basic

0.47

1.19

-0.91

0.95

-0.28

1.01

0.78

0.97

Diluted

0.47

1.19

-0.91

0.95

-0.28

1.00

0.78

0.97

Average common shares outstanding:
Basic

9,167

9,096

5,260

3,219

2,710

-

-

-

Diluted

9,181

9,148

5,260

3,241

2,719

-

-

-

Dividends declared

0.35

0.30

0.55

0.55

0.55

-

-

-

Service Charges, Fees and Commissions [Member]
Noninterest income

5,186

5,697

2,037

-

-

-

-

-

Commission and Fees on Fiduciary Activities [Member]
Noninterest income

1,080

915

344

-

-

-

-

-

Wealth Management Income [Member]
Noninterest income

940

811

832

-

-

-

-

-

Mortgage Banking Income [Member]
Noninterest income

567

641

660

-

-

-

-

-