-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VxlzatY7CfxdWV6/pWRvoT8Jn3oAcKZ7tkwEiUOkk5sDFgron5obJVoEfOffw/wX JBvfbmgoG+dcgZDbM/jEow== 0000908834-03-000151.txt : 20030417 0000908834-03-000151.hdr.sgml : 20030417 20030417150032 ACCESSION NUMBER: 0000908834-03-000151 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030331 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030417 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIVER VALLEY BANCORP CENTRAL INDEX KEY: 0001015593 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 351984567 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21765 FILM NUMBER: 03654151 BUSINESS ADDRESS: STREET 1: 430 CLIFTY DR CITY: MADISON STATE: IN ZIP: 47250 BUSINESS PHONE: 8122734949 MAIL ADDRESS: STREET 1: 430 CLIFTY DR CITY: MADISON STATE: IN ZIP: 47250 8-K 1 rv8k_0417.txt RIVER VALLEY FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 8-K _______________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 15, 2003 RIVER VALLEY BANCORP (Exact name of registrant as specified in its charter) INDIANA (State or other jurisdiction of incorporation) 2-47541 35-1984567 (Commission File Number) (IRS Employer Identification No.) 430 Clifty Drive Madison, Indiana 47250 (Address of principal executive offices)(Zip Code) Registrant's telephone number, including area code: (812) 265-3421 Item 7. Financial Statements and Exhibits. (c) Exhibits 99.1 Press Release dated April 15, 2003. Item 9. Regulation FD Disclosure. Information Provided Under Item 12 of Form 8-K. River Valley Bancorp, an Indiana corporation ("Registrant"), issued a press release which was publicly disseminated on April 15, 2003 announcing its results of operations for the quarter ended March 31, 2003. A copy of the press release is furnished herewith as Exhibit 99.1. Pursuant to General Instruction B.6 of Form 8-K, this exhibit is not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, but is instead furnished as required by that instruction. Further, pursuant to SEC Release No. 34-47583, Registrant is including the foregoing Item 12 information under Item 9 because Item 12 has not yet been added to the EDGAR system. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. /s/ Matthew P. Forrester ------------------------------------ Matthew P. Forrester, President and Chief Executive Officer Dated: April 15, 2003 EX-99.1 3 ex99_0417.txt EARNINGS FOR QUARTER ENDED 3/31/03 Exhibit 99.1 River Valley Bancorp Announces Improved Earnings for the Quarter Ended March 31, 2003 For Immediate Release Tuesday, April 15, 2003 Madison, Indiana, April 15, 2003. River Valley Bancorp (NASDAQ Small Cap Symbol "RIVR"), an Indiana corporation (the "Corporation") and holding company for River Valley Financial Bank, based in Madison, Indiana announced today earnings for the first quarter ended March 31, 2003. Net income for the quarter was $595,670, an increase of $68,767 or 13.1%, from the $526,903 reported for the quarter ended March 31, 2002. Net income for the quarter ended March 31, 2003 expressed as basic earnings per share was $0.73, or a 7.4% increase from the $0.68 per share recorded for the quarter ended as of March 31, 2002. Return on average assets was 1.04% and the return on equity was 11.31%. Assets totaled $233.9 million as of March 31, 2003, an increase of $9.9 million, from the $224.0 million reported as of December 31, 2002. Included in the increased asset total is $7.0 million of funds received in connection with the issuance of pooled trust preferred securities on March 26, 2003. The pooled trust preferred securities provide a source of funding for holding company activities. Net loans, including loans held for sale, were $168.9 million as of March 31, 2003, an increase of $2.9 million for the quarter, or an increase of $9.8 million from March 31, 2002. Deposits totaled $164.8 million as of March 31, 2003, an increase of $3.0 million from the $161.8 million reported December 31, 2002. We are extremely pleased to again report positive results for the quarter. We continue to have good news in growth and in earnings. "While all financial institutions are struggling with shrinking margins, we have been able to build core value in our balance sheet," stated Matthew P. Forrester, president of River Valley Bancorp. The CEO further added, "The Corporation has positioned itself to prosper even in this sluggish economy." Equity as of March 31, 2003 was $21.2 million, or 9.1% as expressed as a percentage of assets. Book value of River Valley Bancorp stock was $26.01 as of March 31, 2003. The last reported trade of "RIVR" stock on April 16, 2003 was at $33.30. Selected Financial Information (In thousands, unless otherwise noted) 3 Months Ended 3 Months Ended 3-31-2003 3-31-2002 Assets $233,869 $198,511 Net Loans 168,889 159,058 ALL 2,147 2,041 Deposits 164,757 153,681 Shareholder Equity 21,169 18,331 Total Interest Income $ 3,082 $ 3,123 Total Non Interest Income 869 414 Interest Expense 1,321 1,391 Non Interest Expense 1,525 1,132 Provision Loan Losses 90 130 Taxes 419 357 Net Income 596 527 ROAA 1.04% 1.09% ROAE 11.31% 11.51% Earnings per Basic Share $ 0.73 $ 0.68 Contact: Matthew P. Forrester - President, CEO River Valley Bancorp 812-273-4949 -----END PRIVACY-ENHANCED MESSAGE-----