River Valley announces first quarter earnings
Tuesday, April 22, 2014 11:00 AM
River Valley Bancorp, holding company for River Valley Financial Bank, announced earnings for the first quarter of 2014.
Net income for first quarter was $1.1 million, compared to $1.0 million in the first quarter of 2013.
Basic earnings per share for the end of the first quarter were $0.64 per share, compared to $0.60 per share for the first quarter of 2013.
Net loans, including loans held for sale, were $312.6 million as of March 31, a decrease from $316.6 million at December 31, 2013.
Stockholders' equity as of March 31, 2014, was $36.1 million, or 7.5% of assets. Book value per share of common stock was $20.25 as of March 31, 2014, compared to $19.23 on December 31, 2013..