| Business Summary | | River
Valley
Bancorp
is
the
holding
company
for
its
wholly
owned
subsidiary,
River
Valley
Financial
Bank
(the
Bank).
River
Valley
Financial
conducts
operations
from
its
five
full-service
office
locations
in
Jefferson
County,
Indiana,
and
offers
a
variety
of
deposit
and
lending
services
to
consumer
and
commercial
customers
in
Jefferson
and
surrounding
counties.
The
Bank
historically
has
concentrated
its
lending
activities
on
the
origination
of
loans
secured
by
first-mortgage
liens
for
the
purchase,
construction
or
refinancing
of
one-
to
four-family
residential
real
property.
The
Bank
also
offers
multi-family
mortgage
loans,
non-residential
real
estate
loans,
land
loans,
construction
loans,
non-mortgage
commercial
loans
and
consumer
loans.
The
Bank's
investment
portfolio
consists
of
United
States
government
and
agency
obligations,
commercial
paper,
corporate
bonds,
municipal
securities
and
Federal
Home
Loan
Bank
stock. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | RIVR
is
a
bank
holding
company
for
River
Valley
Financial
Bank,
a
bank
serving
southeastern
Indiana.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
25%
to
$6.5
million.
Net
interest
income
after
loan
loss
provision
rose
8%
to
$2.8
million.
Net
income
rose
11%
to
$874
thousand.
Net
interest
income
reflects
increased
earning
assets,
partially
offset
by
interest
paid
on
deposits.
Net
income
also
reflects
increased
services
fees
and
net
gains
on
loan
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Fred Koehler, 60 Chairman | -- | Matthew Forrester, 44 Pres,
CEO, Director | $108K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|