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Regulatory Matters (Tables)
12 Months Ended
Dec. 31, 2023
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Summary of Bank's Actual Capital Amounts and Ratios

As of December 31, 2023:

 

Actual

 

 

Required For Capital
Adequacy Purposes

 

To Be Well Capitalized
Under Prompt Corrective
Action Regulations
(1)

 

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

Amount

 

 

Ratio

River Financial Corporation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (To Risk-Weighted Assets)

 

$

306,917

 

 

 

12.948

%

 

$

248,890

 

 

>= 10.500%

 

N/A

 

 

N/A

Common Equity Tier 1 Capital (To Risk-
   weighted Assets)

 

 

237,927

 

 

 

10.037

%

 

 

165,935

 

 

>= 7.000%

 

N/A

 

 

N/A

Tier 1 Capital (To Risk-Weighted Assets)

 

 

237,927

 

 

 

10.037

%

 

 

201,492

 

 

>= 8.500%

 

N/A

 

 

N/A

Tier 1 Capital (To Average Assets)

 

 

237,927

 

 

 

7.505

%

 

 

126,810

 

 

>= 4.000%

 

N/A

 

 

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

River Bank:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (To Risk-Weighted Assets)

 

$

303,279

 

 

 

12.794

%

 

$

248,892

 

 

>= 10.500%

 

$

237,040

 

 

>= 10.000%

Common Equity Tier 1 Capital (To Risk-
   weighted Assets)

 

 

274,289

 

 

 

11.571

%

 

 

165,928

 

 

>= 7.000%

 

$

154,076

 

 

>= 6.500%

Tier 1 Capital (To Risk-Weighted Assets)

 

 

274,289

 

 

 

11.571

%

 

 

201,484

 

 

>= 8.500%

 

$

189,632

 

 

>= 8.000%

Tier 1 Capital (To Average Assets)

 

 

274,289

 

 

 

8.652

%

 

 

126,807

 

 

>= 4.000%

 

$

158,508

 

 

>= 5.000%

(1) the prompt corrective action provisions are applicable at the Bank level only.

As of December 31, 2022:

 

Actual

 

 

Required For Capital
Adequacy Purposes

 

To Be Well Capitalized
Under Prompt Corrective
Action Regulations

 

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

Amount

 

 

Ratio

River Financial Corporation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (To Risk-Weighted Assets)

 

$

244,657

 

 

 

12.423

%

 

$

206,786

 

 

>= 10.500%

 

N/A

 

 

N/A

Common Equity Tier 1 Capital (To Risk-
   weighted Assets)

 

 

180,347

 

 

 

9.157

%

 

 

137,865

 

 

>= 7.000%

 

N/A

 

 

N/A

Tier 1 Capital (To Risk-Weighted Assets)

 

 

180,347

 

 

 

9.157

%

 

 

167,407

 

 

>= 8.500%

 

N/A

 

 

N/A

Tier 1 Capital (To Average Assets)

 

 

180,347

 

 

 

6.722

%

 

 

107,317

 

 

>= 4.000%

 

N/A

 

 

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

River Bank:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (To Risk-Weighted Assets)

 

$

242,168

 

 

 

12.296

%

 

$

206,789

 

 

>= 10.500%

 

$

196,942

 

 

>= 10.000%

Common Equity Tier 1 Capital (To Risk-
   weighted Assets)

 

 

217,858

 

 

 

11.062

%

 

 

137,860

 

 

>= 7.000%

 

 

128,013

 

 

>= 6.500%

Tier 1 Capital (To Risk-Weighted Assets)

 

 

217,858

 

 

 

11.062

%

 

 

167,401

 

 

>= 8.500%

 

 

157,554

 

 

>= 8.000%

Tier 1 Capital (To Average Assets)

 

 

217,858

 

 

 

8.120

%

 

 

107,315

 

 

>= 4.000%

 

 

134,144

 

 

>= 5.000%