| Business Summary | | Riverview
Bancorp,
Inc.
is
the
holding
company
for
Riverview
Community
Bank.
The
Bank
is
a
community
oriented
financial
institution
offering
traditional
financial
services
to
the
residents
of
its
primary
market
area.
The
Company
considers
Clark,
Cowlitz,
Klickitat
and
Skamania
Counties
of
Washington
as
its
primary
market
area.
The
Company
is
engaged
primarily
in
the
business
of
attracting
deposits
from
the
general
public
and
using
such
funds
to
originate
fixed-rate
mortgage
loans
and
adjustable
rate
mortgage
(ARM)
loans
secured
by
one-
to
four-family
residential
real
estate
located
in
its
primary
market
area.
The
Company
is
also
an
active
originator
of
residential
construction
loans,
business
loans
and
consumer
loans.
At
March
31,
2000,
the
Company
had
total
assets
of
$344.7
million,
total
deposits
of
$232.4
million
and
shareholders'
equity
of
$48.5
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Riverview
Bancorp,
Inc.
is
a
bank
holding
company
for
Riverview
Savings
Bank,
a
federally
chartered
bank
with
offices
in
WA.
For
the
three
months
ended
6/30/01,
total
interest
income
rose
15%
to
$8.3
million.
Net
interest
income
after
loan
loss
provision
rose
4%
to
$3.3
million.
Net
income
rose
12%
to
$757
thousand.
Results
reflect
higher
average
loan
balances,
increased
deposit
account
fees,
increased
asset
management
fees
and
higher
gains
on
the
sale
of
loans. | More
from
Market Guide: Significant
Developments |
| | | | FY2001
Compensation | | Pay | Exer | |
| Patrick Sheaffer, 61 Chairman,
Pres and CEO | $259K | $166K | Ronald Wysaske, 48 CFO,
Exec. VP, Treasurer, Director | 191K | 132K | Dollar
amounts are as of 31-Mar-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|