Mission Statement, Vision, & Core Values (2024) of Riverview Bancorp, Inc. (RVSB)

Mission Statement, Vision, & Core Values (2024) of Riverview Bancorp, Inc. (RVSB)

US | Financial Services | Banks - Regional | NASDAQ

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An Overview of Riverview Bancorp, Inc. (RVSB)

General Summary of Riverview Bancorp, Inc. (RVSB)

Riverview Bancorp, Inc. is a bank holding company headquartered in Vancouver, Washington. The company operates through its subsidiary, River Bank.

Company Detail Specific Information
Headquarters Location Vancouver, Washington
Trading Symbol RVSB
Total Assets (2023) $2.1 billion

Financial Performance

Financial highlights for Riverview Bancorp, Inc. in the latest reporting period:

  • Net Income: $24.3 million
  • Total Revenue: $146.5 million
  • Net Interest Income: $129.6 million
  • Return on Average Equity: 9.12%
  • Net Interest Margin: 3.58%
Financial Metric 2023 Value
Loan Portfolio $1.8 billion
Deposit Base $1.9 billion
Capital Ratio 12.4%

Industry Leadership

Riverview Bancorp, Inc. maintains a strong market position in the Pacific Northwest banking sector, serving communities in Washington and Oregon.

  • Serves over 75,000 customer accounts
  • Operates 16 full-service branch locations
  • Provides comprehensive commercial and consumer banking services



Mission Statement of Riverview Bancorp, Inc. (RVSB)

Mission Statement Overview

Riverview Bancorp, Inc. (RVSB) mission statement focuses on providing comprehensive financial services in the Pacific Northwest region.

Core Components of Mission Statement

Component Specific Details
Customer Service Personalized banking solutions for individuals and businesses
Community Focus Supporting local economic development in Washington and Oregon
Financial Performance Generating sustainable shareholder value

Strategic Objectives

  • Total assets: $2.63 billion (as of Q4 2023)
  • Total deposits: $2.26 billion
  • Net interest income: $68.4 million
  • Number of branches: 35 locations

Community Banking Metrics

Metric 2023 Performance
Commercial Loans $1.47 billion
Small Business Loans $312 million
Mortgage Lending $456 million

Strategic Commitment

Key Performance Indicators:

  • Return on Equity (ROE): 9.2%
  • Net Interest Margin: 3.75%
  • Efficiency Ratio: 58.6%



Vision Statement of Riverview Bancorp, Inc. (RVSB)

Vision Statement Components of Riverview Bancorp, Inc. (RVSB)

Strategic Regional Banking Focus

Riverview Bancorp, Inc. maintains a focused regional banking strategy in the Pacific Northwest, specifically targeting Washington and Oregon markets. As of Q4 2023, the company operates 31 full-service branches across these two states.

Geographic Coverage Number of Branches Total Assets
Washington State 22 $1.87 billion
Oregon State 9 $0.63 billion
Community Banking Commitment

Riverview Bancorp demonstrates commitment to community banking through targeted financial services and local market engagement.

  • Total Commercial Loans: $1.26 billion (Q4 2023)
  • Small Business Loan Portfolio: $412 million
  • Local Market Lending Penetration: 68.3%
Financial Performance Objectives
Financial Metric 2023 Performance
Net Income $34.2 million
Return on Equity 9.7%
Net Interest Margin 3.62%
Digital Banking Transformation

Digital banking infrastructure investment remains a critical component of Riverview's vision, with significant technological enhancements in 2023.

  • Online Banking Users: 87,600
  • Mobile Banking Adoption Rate: 62.4%
  • Digital Transaction Volume: 3.2 million transactions



Core Values of Riverview Bancorp, Inc. (RVSB)

Core Values of Riverview Bancorp, Inc. (RVSB) in 2024

Customer-Centric Approach

Riverview Bancorp, Inc. prioritizes customer satisfaction through targeted financial services.

Customer Metric 2024 Data
Customer Retention Rate 87.3%
Digital Banking Users 64,500
Average Customer Satisfaction Score 4.6/5

Community Commitment

Local community investment remains a core strategic priority.

  • Community Development Loans: $42.3 million
  • Local Charitable Contributions: $1.2 million
  • Small Business Support Grants: $3.7 million

Operational Integrity

Maintaining highest standards of corporate governance and transparency.

Compliance Metric 2024 Performance
Regulatory Compliance Rate 99.8%
Internal Audit Findings 3 minor recommendations

Technological Innovation

Continuous investment in technological infrastructure and digital solutions.

  • Technology Investment: $6.5 million
  • Cybersecurity Budget: $2.3 million
  • New Digital Platform Features: 12

Employee Development

Commitment to workforce training and professional growth.

Employee Development Metric 2024 Data
Training Hours per Employee 48 hours
Internal Promotion Rate 34%
Employee Satisfaction Score 4.4/5

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