-----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, WTVWO/tIsgeN82K3/ZbLogBGxYU6MQxnWU4YZcm5gRzVMeVLN6/l8BSXk27PyPui nBcFonepjpj2IfkRCV1W4Q== 0000908834-04-000286.txt : 20040422 0000908834-04-000286.hdr.sgml : 20040422 20040422163115 ACCESSION NUMBER: 0000908834-04-000286 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040420 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040422 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: 04748516 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_0422.txt FORM 8-K 04/22/04 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 20, 2004 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 20, 2004. Item 12. Results of Operations and Financial Condition. River Valley Bancorp, an Indiana corporation ("Registrant"), issued a press release which was publicly disseminated on April 20, 2004 announcing its results of operations for the quarter ended March 31, 2004. 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. 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/ Larry C. Fouse ------------------------------------------ Larry C. Fouse, Vice President of Finance Dated: April 22, 2004 EX-99.1 3 ex991_0422.txt PRESS RELEASE Exhibit 99.1 River Valley Bancorp Announces Modest Earnings Increase for the Quarter Ended March 31, 2004 For Immediate Release Tuesday, April 20, 2004 Madison, Indiana - April 20, 2004- 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, 2004. Net income for the quarter was $609,059, an increase of $13,389 or 2.3%, from the $595,670 reported for the quarter ended March 31, 2003. Net income for the quarter ended March 31, 2004 expressed as basic earnings per share was $0.38, which is the same as recorded for the quarter ended as of March 31, 2003. Return on average assets was 0.97% and the return on equity was 10.71% for the quarter ended March 31, 2004. Assets totaled $252.0 million as of March 31, 2004, an increase of $18.1 million, from the $233.9 million reported as of March 31, 2003. Net loans, including loans held for sale, were $199.3 million as of March 31, 2004, an increase of $7.0 million for the quarter, or an increase of $30.4 million from March 31, 2003. Deposits totaled $168.5 million as of March 31, 2004, an increase of $3.7 million from the $164.8 million reported March 31, 2003. "In general, all financial institutions are struggling with shrinking margins, and we are no different in that regard. Others may prop up earnings from the disposition of assets to shield the impact of these tightening margins and the loss of prior year fee income. Your Corporation has been fortunate to have substantial growth in our variable priced loan portfolio which has helped in increasing our net interest income and margin. Growth in our portfolio affords growing interest income today, and the prospect for better returns when interest rates rebound", stated Matthew P. Forrester, president of River Valley Bancorp. The CEO further added, "The Corporation continues to do well in this environment, and has positioned itself to do even better as rates rebound." Equity as of March 31, 2004 was $22.5 million, or 9.0% as expressed as a percentage of assets. Book value per share of River Valley Bancorp stock was $13.90 as of March 31, 2004. The last reported trade of "RIVR" stock on April 19, 2004 was at $22.15. Selected Financial Information (In thousands, unless otherwise noted) 3 Months Ended 3 Months Ended 3-31-2004 3-31-2003 Assets $ 251,960 $ 233,869 Net Loans, including Loans held for sale 199,313 168,889 ALL 2,202 2,147 Deposits 168,502 164,757 Shareholders' Equity 22,549 21,170 Total Interest Income $ 3,208 $ 3,082 Total Non Interest Income 620 869 Interest Expense 1,282 1,321 Non Interest Expense 1,468 1,525 Provision Loan Losses 102 90 Taxes 367 419 Net Income 609 596 ROAA 0.97% 1.04% ROAE 10.71% 11.31% Earnings per Basic Share $ 0.38 $ 0.38 Diluted Earnings per Share $ 0.36 $ 0.36 Contact: Matthew P. Forrester - President, CEO River Valley Bancorp 812-273-4949 -----END PRIVACY-ENHANCED MESSAGE-----