Yuba City-based bank reports net income of $1.25 million for 2013

Published: Tuesday, Jan. 21, 2014 - 5:14 pm

Yuba City-based River Valley Community Bank reported a profit of nearly $1.25 million, or 72 cents a share, in 2013.

That was down from $1.45 million, or 85 cents a share, in the year-ago period, but the bank did notch its 26th consecutive profitable quarter to close out 2013.

Total assets at the end of 2013 were $166,386,665, up 10 percent from the previous year. The bank also reported a 15 percent year-over-year increase in loans. to $63.3 million.

River Valley, started in 2006, also has a branch office in Grass Valley.

Call The Bee’s Mark Glover, (916) 321-1184.

Read more articles by Mark Glover

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