River Valley Financial Bank in Madison, Indiana (IN), KY

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River Valley Financial Bank
GeneralFDIC Certificate #: 28565
Status: Active
Federal Reserve ID: 322177
Date Established: January 01, 1875
WWW: http://www.rvfbank.com
Trust Powers Granted: Yes
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 9 (Domestic: 9, Interstate: Yes)
OTS Docket #: 1856
FDIC's unique #: 41399
Numeric code: 37
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: June 16, 1950
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 403 Clifty Drive, Madison, IN 47250
County: Jefferson
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Indianapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Core Based Statistical Area (CBSA): Madison, IN (#31500)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $406.8 mil
Equity capital: $39.4 mil
Deposits held in domestic offices: $305.7 mil
Return on assets (ROA): 0.52% ($2.1 mil)
Quarterly return on assets: 0.61% ($2.5 mil)
Return on Equity (ROE): 5.28% ($2.1 mil)
Quarterly return on equity: 6.22% ($2.4 mil)
Net income: $2.1 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 0.60% ($2,441.0 mil)
Quarterly Pretax return on assets: 0.74% ($3,010.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)92
Total assets$406,835
Cash and due from depository institutions$16,808
Interest-bearing balances$14,927
Federal funds sold & reverse repurchase agreements$1,905
Net loans & leases$252,743
Loan loss allowance $2,566
Trading account assets$0
Bank premises and fixed assets$7,825
Other real estate owned$2,488
Goodwill and other intangibles$1,008
All other assets$19,029
Life insurance assets$406,835
Total liabilities and capital$367,468
Total liabilities$305,679
Total deposits$280,654
Interest-bearing deposits$305,679
Deposits held in domestic offices$74
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$58,000
Other borrowed funds $0
Subordinated debt $3,789
All other liabilities $39,367
Total equity capital$39,367
Total bank equity capital$39,367
Perpetual preferred stock$0
Common stock$0
Undivided profits $23,924
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $8,974
Earning assets $0
Long-term assets (5+ years) $1,995
Average Assets, year-to-date $374,604
Average Assets, quarterly $0
Volatile liabilities $396,323
Insider loans $404,320
FHLB advances $272,556
Loans and leases held for sale $404,917
Unused loan commitments $9,855
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $37,449
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $42,173
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $17,971
Total interest expense $5,728
Net interest income $12,243
Provision for loan and lease losses $2,717
Total noninterest income $2,546
Fiduciary activities $0
Service charges on deposit accounts $146
Trading account gains & fees $0
Additional noninterest income $2,400
Total noninterest expense $9,994
Salaries and employee benefits $5,683
Premises and equipment expense $1,535
Additional noninterest expense $2,776
Pre-tax net operating income $2,078
Securities gains (losses) $312
Applicable income taxes $328
Income before extraordinary items $2,062
Extraordinary gains - net $0
Net income attributable to bank $2,062
Net charge-offs $0
Cash dividends $2,062
Sale, conversion, retirement of capital stock, net $2,796
Net operating income $2,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.93%
Cost of funding earning assets 1.57%
Net interest margin 3.36%
Noninterest income to earning assets 0.70%
Noninterest expense to earning assets 2.74%
Net operating income to assets 0.45%
Return on assets (ROA) 0.52%
Pretax return on assets 0.60%
Return on equity (ROE) 5.28%
Retained earnings to average equity (YTD only) 0.16%
Net charge-offs to loans 1.07%
Credit loss provision to net charge-offs 97.17%
Efficiency ratio1.71%
Assets per employee$67,057
Cash dividends to net income (YTD only)4.42%
Condition Ratios (%)
Loss allowance to loans 96.99%
Loss allowance to noncurrent loans 1.01%
Noncurrent assets plus other real estate owned to assets 28.59%
Noncurrent loans to loans 2.82%
Net loans and leases to deposits3.51%
Net loans and leases to core deposits 82.68%
Equity capital to assets 86.18%
Core capital (leverage) ratio 9.68%
Tier 1 risk-based capital ratio 9.25%
Total risk-based capital ratio 13.74%
Average assets$15
Average earning assets$396,323
Average equity $39,023
Average loans $364,600
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$26,083
Number of Accounts1
Personal trust and agency accounts$21,055
Employee benefit-defined contribution accounts$11,154
Employee benefit-defined benefit accounts$0
Other retirement accounts$2,524
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$6,649
Fiduciary accounts held in foreign offices$0
Non-managed Assets$728
Number of Accounts65
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$5,028
Corporate trust and agency accounts$147
Other fiduciary accounts$2,604
Fiduciary accounts held in foreign offices$2,184
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8 Indiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
041399River Valley Financial Bank403 Clifty Drive, Madison, IN 47250January 01, 1875Full Service Brick and Mortar
104256898Wal-Mart Banking Center Branch567 Ivy Tech Drive, Madison, IN 47250January 25, 1995Full Service Brick and Mortar
105256899Hanover Banking Center Branch10 Medical Plaza Drive, Hanover, IN 47243May 23, 1995Full Service Brick and Mortar
107419127Charlestown Branch1025 State Road 62, Charlestown, IN 47111April 14, 2003Full Service Brick and Mortar
109463658Sellersburg Branch8005 Highway 311, Sellersburg, IN 47172August 15, 2005Full Service Brick and Mortar
110463659Downtown Branch233 East Main Street, Madison, IN 47250June 30, 1998Full Service Brick and Mortar
111491896Floyds Knobs Branch3660 Paoli Pike, Floyds Knobs, IN 47119June 01, 2008Full Service Brick and Mortar
112430569New Albany Branch2675 Charlestown Rd, New Albany, IN 47150September 29, 2003Full Service Brick and Mortar
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1 Kentucky Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
108428100Carrollton Branch1501 Highland Avenue, Carrollton, KY 41008March 08, 2004Full Service Brick and Mortar
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