This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

River Valley Bancorp Announces Earnings For The Quarter Ended March 31, 2012

River Valley Bancorp (NASDAQ: RIVR), an Indiana corporation (the “Corporation”) and holding company for River Valley Financial Bank, based in Madison, Indiana announced today earnings for the first quarter ended March 31, 2012.

Net income for the quarter was $592,270 as compared to $801,961 reported for the quarter ended March 31, 2011. Earnings per share for the quarter ended March 31, 2012 were $0.33 per share. For the same period in 2011, earnings per share were $0.47. For the quarter ended March 31, 2012, return on average assets was 0.59% and the return on average equity was 7.11%, which compares to 0.83% and 10.01%, respectively, for the period ended March 31, 2011.

The quarterly results reflect higher costs of holding and disposing of real estate owned, higher operating expenses, including salaries and benefits, payments made on behalf of delinquent customers to third parties, and announced acquisition costs that are expensed as incurred. The Corporation recorded a net increase of $243,000 in losses associated with the sale and write-down of properties acquired through foreclosure. The Corporation also expensed $110,000 in payments associated with delinquent loan properties (property taxes, forced placed insurance, etc.). Salaries and benefit expenses were higher primarily with the addition of key lending and wealth management personnel. The totality of higher expenses was partially offset with modestly higher net interest margins and lower provision for federal income taxes.

Assets totaled $404.4 million as of March 31, 2012, an increase of $17.4 million from the balance reported on March 31, 2011 or a $2.2 million decrease from the balance reported as of December 31, 2011. Net loans, including loans held for sale, were $250.6 million as of March 31, 2012, a decrease of $10.0 million from $260.6 million as of March 31, 2011 and a decrease of $2.6 million from December 31, 2011. Deposits totaled $302.6 million as of March 31, 2012, an increase of $14.0 million from March 31, 2011, and a decrease of $2.6 million from the amount reported as of December 31, 2011.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs