Riverview Bancorp Revenue, Net Income & 10-K Summary

Overview

Riverview Bancorp, Inc. is a Washington corporation and the bank holding company for Riverview Bank.
Core activity: community-focused commercial banking in the Pacific Northwest, emphasizing deposit gathering and loan origination in its primary market.
Primary regulators: Washington State Department of Financial Institutions (WDFI) and FDIC for the Bank; Federal Reserve as the Company’s primary federal regulator.

Subsidiaries:
- Riverview Bank (operating bank)
- Riverview Trust Company (asset management, fiduciary services, brokerage)
  - Assets under management: $908.1 million (as of 3/31/2026)
  - Net income: $2.3 million (fiscal year ended 3/31/2026)
  - Total assets: $15.0 million (as of 3/31/2026)
- Riverview Services (trust operations; trustee for deeds of trust on Bank mortgage loans)
  - Net income: $8,000 (fiscal year ended 3/31/2026)
  - Total assets: $1.4 million (as of 3/31/2026)
Executive leadership (as of 3/31/2026): CEO Nicole Sherman; other senior executives include the COO, CFO, Chief Credit Officer, Chief Lending Officer, and Chief Retail & Digital Engagement Officer.
Business priorities: employer of choice; profitable growth; digital experience; data empowerment; client experience.

17 branch locations:
- Washington: Camas, Washougal, Stevenson, White Salmon, Battle Ground, Goldendale, Ridgefield, Vancouver (plus two commercial lending offices in Vancouver)
- Oregon: Portland, Gresham, Tualatin, Aumsville (plus one commercial lending office in Portland)
- Additional lending centers: three
Primary market: Clark, Klickitat, Skamania counties (WA) and Multnomah, Washington, Marion counties (OR).

Nonperforming assets (NPA): $7.764 million
Nonperforming loans (NPL): $7.764 million (all nonaccrual)
Allowance for credit losses (ACL): $15.248 million
ACL as a percentage of total loans: 1.40%
ACL to nonaccrual loans at period end: 196.4%
Nonaccrual loans by category:
- Commercial business: $645,000
- Commercial real estate: $7.112 million
- Consumer: $7,000
Delinquencies (30–89 days past due): 0.60% of total loans
Criticized/special mention loans: $42.3 million (down from $48.5 million at 3/31/2025)
Classified loans: $12.7 million (up from $2.9 million)
Net charge-offs (year ended 3/31/2026): $1.298 million

Trust Company net income: $2.3 million (fiscal year ended 3/31/2026)
Riverview Services net income: $8,000 (fiscal year ended 3/31/2026)
Total average loans (net): $1,071.9 million
Net charge-offs as a percentage of average loans (aggregate): 0.12% for the year ended 3/31/2026

Investment securities (as of 3/31/2026): Available-for-sale securities $154.8 million; Held-to-maturity securities $0 (reclassified in 4Q fiscal 2026)
Total investment securities: $154.8 million
Accumulated unrealized losses recorded in OCI

FHLB advances: $16.1 million (as of 3/31/2026)
FRB borrowings: none (as of 3/31/2026)
FHLB available credit capacity: $679.5 million
FRB available credit facility: $225.7 million
Trusts: three grantor trusts with $27.2 million assets backing debentures; the Company guarantees the debentures
FHLB stock: $1.6 million (membership and activity stock)
Liquidity supported by cash flows from deposits, loan repayments, and securities

Employees: 243 full-time equivalent (as of 3/31/2026)
Workforce demographics:
- Gender: ~61% women, 39% men
- Management: 64% of management roles held by women
- Average employee tenure: 6.8 years
- Racial/ethnic composition: 79% White, 6% Asian, 8% Hispanic/Latinx, 3% African American/Black, 2% two or more races, 1% American Indian/Alaskan Native, 1% Native Hawaiian/Pacific Islander

The Bank is not electing the Community Bank Leverage Ratio (CBLR) framework as of 3/31/2026.
The Bank is well-capitalized under applicable regulatory standards as of 3/31/2026.
CECL adoption effective 4/1/2023; a one-time CECL-related increase to ACL was recorded and the Bank elected the three-year phase-in option for the capital impact.