River Financial Corp. (RVRF) Financial Statements (2024 and earlier)

Company Profile

Business Address 2611 LEGENDS DRIVE
PRATTVILLE, AL 36066
State of Incorp. AL
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments84,39269,67178,99139,81856,46190,491
Cash and cash equivalents84,39269,67178,99139,81856,46190,491
Total current assets:84,39269,67178,99139,81856,46190,491
Noncurrent Assets
Operating lease, right-of-use asset3,4943,4603,5823,4373,5363,488
Property, plant and equipment42,72541,06140,21339,74938,65537,879
Intangible assets, net (including goodwill)29,57229,74729,93330,13230,34230,566
Goodwill27,81727,81727,81727,81727,81727,817
Intangible assets, net (excluding goodwill)1,7551,9302,1162,3152,5252,749
Deferred income tax assets31,68928,21630,54032,86325,94615,891
Amortization method qualified affordable housing project investments   3,494   
Total noncurrent assets:107,480102,484107,762106,18198,47987,824
Other undisclosed assets2,892,8852,816,7972,646,6292,493,7442,346,4602,292,744
TOTAL ASSETS:3,084,7572,988,9522,833,3822,639,7432,501,4002,471,059
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt16,64216,7048,1816,9517,6639,920
Total current liabilities:16,64216,7048,1816,9517,6639,920
Noncurrent Liabilities
Other undisclosed liabilities2,921,3052,824,8402,687,0152,508,2762,357,6552,303,285
Total liabilities:2,937,9472,841,5442,695,1962,515,2272,365,3182,313,205
Temporary equity, carrying amount4,0484,0294,1603,6383,6383,116
Equity
Equity, attributable to parent, including:142,762143,379134,026120,878132,444154,738
Common stock6,6906,6876,6666,6606,6596,634
Treasury stock, value(729)(630)(306)(135)(1)(4)
Additional paid in capital104,688104,627104,294104,122104,056103,272
Accumulated other comprehensive loss(72,581)(64,292)(71,564)(79,334)(60,875)(31,346)
Retained earnings110,336102,701100,82695,02688,15980,651
Other undisclosed equity, attributable to parent(5,642)(5,714)(5,890)(5,461)(5,554)(4,469)
Total equity:142,762143,379134,026120,878132,444154,738
TOTAL LIABILITIES AND EQUITY:3,084,7572,988,9522,833,3822,639,7432,501,4002,471,059

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues31,73128,80826,10123,00120,72319,316
Net investment income31,59328,64525,97723,00120,72319,173
Gross profit:31,73128,80826,10123,00120,72319,316
Operating expenses(2,317)(2,364)(2,819)(2,120)(1,868)(1,731)
Other operating income, net
(Noninterest Income, Other Operating Income)
4,695219333129276147
Operating income:34,10926,66323,61521,01019,13117,732
Nonoperating income
(Bank Owned Life Insurance Income)
319310304312307303
Interest and debt expense(12,370)(9,608)(5,746)(1,762)(1,239)(1,238)
Income from continuing operations before equity method investments, income taxes:22,05817,36518,17319,56018,19916,797
Other undisclosed loss from continuing operations before income taxes(12,183)(10,891)(10,894)(10,698)(8,503)(6,757)
Income from continuing operations before income taxes:9,8756,4747,2798,8629,69610,040
Income tax expense(2,240)(1,367)(1,479)(1,995)(2,188)(2,286)
Income from continuing operations:7,6355,1075,8006,8677,5087,754
Income before gain (loss) on sale of properties:6,8677,5087,754
Net income available to common stockholders, diluted:7,6355,1075,8006,8677,5087,754

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:7,6355,1075,8006,8677,5087,754
Other comprehensive income (loss)(8,289)7,2727,770(18,458)(29,529)(30,124)
Comprehensive income (loss), net of tax, attributable to parent:(654)12,37913,570(11,591)(22,021)(22,370)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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