Company Summary: Riverview Bancorp, Inc.

Overview

• Type: Bank holding company
• Main Subsidiary: Riverview Bank
• Regulators: Washington State Department of Financial Institutions (WDFI), FDIC, Federal Reserve (for holding company)
• Headquarters: Vancouver, Washington
• Main Business Focus: Community-oriented financial services in the Pacific Northwest

Financials (as of March 31, 2025)

• Total Assets: $1.51 billion
• Total Deposits: $1.23 billion
• Shareholders’ Equity: $160.0 million
• Loan Portfolio (net): $1.05 billion (69.2% of assets)
• Total Loans (gross): $1.062 billion
• Net Income (FY2025): Not explicitly stated, but subsidiary net incomes:
  • Riverview Services: $10,000
  • Riverview Trust Company: $2.2 million
• Employees: 238 full-time equivalents

Branch and Market Presence

• Branches: 17 total
  • 10 in Clark County, Washington
  • 3 in Portland metropolitan area
  • 3 lending centers
  • Locations in Oregon and Washington
• Additional Offices: Trust company in Vancouver and Lake Oswego, Oregon
• Primary Markets: Clark, Klickitat, Skamania counties (Washington); Multnomah, Washington, Marion counties (Oregon); also tourism in Columbia River Gorge and Portland area.

Business Activities

• Core Operations:
  • Attracts deposits primarily from local residents and businesses
  • Uses these funds to originate various loans
• Loan Types:
  • Commercial and real estate loans (including CRE, multi-family, land, construction, and consumer mortgages)
  • Consumer loans (real estate one-to-four family, home equity lines of credit, personal and secured/unsecured installment loans)
  • Commercial business loans secured by equipment, receivables, inventory, or other assets
• Loan Portfolio Composition:
  • Commercial & CRE loans: 55.7% + 8.6% (multi-family)
  • Consumer real estate (1-4 family): 9.19%
  • Consumer installment and land loans: 1.36% + 0.43%
  • Construction loans: 2.75%
• Loan Strategies:
  • Focus on higher-yielding, shorter-term, adjustable-rate loans
  • Emphasis on commercial, multi-family, real estate construction, land, and multi-family loans
  • Growth targets include increasing market share, deepening client relationships, and expanding deposit base
• Loan Security:
  • Mostly real estate secured, with LTV ratios typically ≤80%
  • Commercial loans depend heavily on borrower cash flow and collateral value
  • Residential real estate loans (mostly in the primary market area), with some land and construction loans
• Loan Risks:
  • Higher risks associated with real estate and construction lending
  • Land and speculative construction loans involve estimate-based valuation and market risks
  • Commercial loans depend on borrower cash flows and collateral liquidity
  • Nonperforming assets are low, but credit quality is actively monitored

Revenue Streams

• Interest Income: From loans and securities holdings
• Non-interest Income:
  • Loan origination fees (brokered mortgage activities)
  • Asset Management Fees (Trust Company manages assets worth $877.9 million)
  • Deposit service charges
  • Income from trust and brokerage activities
• Loan Fee Income: Brokered mortgage fees (~$201,000 in FY2025)
• Investment Income: From debt securities (municipal, agency securities, mortgage-backed securities, REMICs)
• Total Investment Securities (as of 3/31/2025): $322.5 million, mostly held-to-maturity and available-for-sale securities

Customer Base

• Not specifically quantified in terms of number of customers
• Served through 17 branches, mortgage brokerage, trust, and asset management services
• Clients include local residents, small to medium-sized businesses, real estate developers, and other professionals

Strategic Focus

• Goals include:
  • Being employer of choice
  • Profitable growth
  • Enhancing digital banking experience
  • Utilizing data for client insights
  • Improving client experience
• Growth Focus:
  • Expanding loan portfolio, especially commercial and real estate loans
  • Increasing core deposits via relationship banking and digital offerings
  • Managing credit risk prudently
  • Expanding through organic growth, new branches, and strategic acquisitions

Regulatory and Credit Management

• Stringent capital and liquidity requirements
• Active management of asset quality with low nonperforming assets
• Regular assessments of credit losses, with allowance for credit losses (ACL) at $15.4 million (~1.45% of loans)
• Classified loans at $2.9 million as of March 31, 2025
• No significant legal proceedings or litigation risk reported

Summary:
Riverview Bancorp, Inc. is a community-focused bank holding company based in Vancouver, Washington, with $1.51 billion in assets, mainly originating commercial, real estate, and consumer loans within the Pacific Northwest. It operates 17 branches, has a diverse loan portfolio emphasizing higher-yielding, short-term, adjustable-rate loans, and maintains a focus on digital banking, data utilization, and client experience. The company employs 238 staff and generated significant fee and interest income, with additional revenue from asset management and brokerage activities. Its strategy includes organic growth, branch development, and strategic acquisitions, all while maintaining prudent risk management and regulatory compliance.