$RVRF
River Financial Corp

2016 Q1 Form 10-Q Financial Statement

#000156459016019518 Filed on May 16, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q4 2015 Q1
Revenue $7.217M $3.933M
YoY Change 83.5%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $201.0K $126.0K
YoY Change 59.52%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $595.0K $305.0K
YoY Change 95.08%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.474M $1.365M
YoY Change 81.25%
Income Tax $751.0K $406.0K
% Of Pretax Income 30.36% 29.74%
Net Earnings $1.723M $959.0K
YoY Change 79.67%
Net Earnings / Revenue 23.87% 24.38%
Basic Earnings Per Share $0.35 $0.32
Diluted Earnings Per Share $0.35 $0.31
COMMON SHARES
Basic Shares Outstanding 4.866M 2.995M
Diluted Shares Outstanding 4.991M 3.104M

Balance Sheet

Concept 2016 Q1 2015 Q4 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $20.55M
YoY Change 61.85%
Goodwill $9.410M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $718.0M
YoY Change 60.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $11.26M $10.17M
YoY Change 26.4%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $643.1M
YoY Change 59.71%
SHAREHOLDERS EQUITY
Retained Earnings $7.941M
YoY Change 32.55%
Common Stock $67.37M
YoY Change 76.21%
Preferred Stock
YoY Change
Treasury Stock (at cost) $957.0K
YoY Change 19.77%
Treasury Stock Shares $66.51K
Shareholders Equity $79.26M $74.61M
YoY Change
Total Liabilities & Shareholders Equity $725.6M $718.0M
YoY Change 60.74%

Cashflow Statement

Concept 2016 Q1 2015 Q4 2015 Q1
OPERATING ACTIVITIES
Net Income $1.723M $959.0K
YoY Change 79.67%
Depreciation, Depletion And Amortization $201.0K $126.0K
YoY Change 59.52%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $544.0K $731.0K
YoY Change -25.58%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid $812.0K $419.0K
YoY Change 93.79%
Common Stock Issuance & Retirement, Net $86.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures $544.0K $731.0K
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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ShortTermBorrowings
11258000
CY2015Q4 us-gaap Short Term Borrowings
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CY2015Q4 us-gaap Treasury Stock Shares
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CY2015Q1 us-gaap Interest Income Securities Taxable
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CY2015Q1 us-gaap Interest Income Securities Tax Exempt
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CY2016Q1 us-gaap Other Interest And Dividend Income
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CY2016Q1 us-gaap Interest And Dividend Income Operating
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CY2015Q1 us-gaap Interest Expense Deposits
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CY2015Q1 us-gaap Interest Expense Short Term Borrowings
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CY2016Q1 us-gaap Interest Expense
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CY2015Q1 us-gaap Interest Expense
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CY2015Q1 us-gaap Interest Income Expense Net
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CY2015Q1 us-gaap Interest Income Expense After Provision For Loan Loss
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MortgageBankingIncome
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CY2015Q1 ck0001641601 Mortgage Banking Income
MortgageBankingIncome
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5000
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CY2016Q1 us-gaap Noninterest Income
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CY2015Q1 us-gaap Noninterest Income
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CY2015Q1 us-gaap Occupancy Net
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CY2016Q1 us-gaap Equipment Expense
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240000
CY2015Q1 us-gaap Equipment Expense
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113000
CY2016Q1 us-gaap Communication
Communication
63000
CY2015Q1 us-gaap Communication
Communication
31000
CY2016Q1 us-gaap Marketing And Advertising Expense
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112000
CY2015Q1 us-gaap Marketing And Advertising Expense
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123000
CY2016Q1 us-gaap Information Technology And Data Processing
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480000
CY2015Q1 us-gaap Information Technology And Data Processing
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CY2016Q1 us-gaap Foreclosed Real Estate Expense
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CY2015Q1 us-gaap Foreclosed Real Estate Expense
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CY2016Q1 us-gaap Federal Deposit Insurance Corporation Premium Expense
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CY2015Q1 us-gaap Federal Deposit Insurance Corporation Premium Expense
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CY2016Q1 ck0001641601 Legal And Other Professional Services
LegalAndOtherProfessionalServices
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CY2015Q1 ck0001641601 Legal And Other Professional Services
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CY2016Q1 us-gaap Noninterest Expense
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1365000
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CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
406000
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CY2015Q1 us-gaap Net Income Loss
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EarningsPerShareBasic
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CY2015Q1 us-gaap Earnings Per Share Basic
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CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
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CY2016Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
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CY2016Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2016Q1 ck0001641601 Stock Issued During Period Shares Stock Options And Warrants Exercised
StockIssuedDuringPeriodSharesStockOptionsAndWarrantsExercised
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CY2016Q1 ck0001641601 Provision For Losses On Foreclosed Assets
ProvisionForLossesOnForeclosedAssets
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CY2015Q1 ck0001641601 Provision For Losses On Foreclosed Assets
ProvisionForLossesOnForeclosedAssets
38000
CY2016Q1 us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
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CY2015Q1 us-gaap Investment Income Amortization Of Premium
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CY2015Q1 us-gaap Investment Income Amortization Of Discount
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CY2016Q1 us-gaap Accretion Of Discount
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CY2015Q1 us-gaap Amortization Of Deferred Loan Origination Fees Net
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56000
CY2016Q1 us-gaap Amortization Of Intangible Assets
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CY2016Q1 us-gaap Share Based Compensation
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CY2015Q1 us-gaap Share Based Compensation
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CY2015Q1 us-gaap Depreciation Depletion And Amortization
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-136000
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49000
CY2016Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2015Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2015Q1 ck0001641601 Payments For Loan Principal Originations Net
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CY2015Q1 ck0001641601 Interest Paid To Depositors
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4990877
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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1779000
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338000
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1352000
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447000
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
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40207000
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30330000
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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232000
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123000
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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7198000
CY2015Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
16314000
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
106000
CY2015Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
324000
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
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47405000
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46644000
CY2016Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
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338000
CY2015Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
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447000
CY2016Q1 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0
CY2015 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0
CY2016Q1 ck0001641601 Number Of Securities
NumberOfSecurities
110
CY2016Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
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0
CY2015Q1 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
5000
CY2016Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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6050000
CY2016Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
25091000
CY2016Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
17848000
CY2016Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
33560000
CY2016Q1 ck0001641601 Available For Sale Debt Securities Amortized Cost Basis Before Residential Mortgage Backed Securities
AvailableForSaleDebtSecuritiesAmortizedCostBasisBeforeResidentialMortgageBackedSecurities
82549000
CY2016Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
6051000
CY2016Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
25170000
CY2016Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
17886000
CY2016Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
34522000
CY2016Q1 ck0001641601 Available For Sale Securities Before Residential Mortgage Backed Securities
AvailableForSaleSecuritiesBeforeResidentialMortgageBackedSecurities
83629000
CY2016Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
490637000
CY2015Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
487222000
CY2016Q1 ck0001641601 Loans And Leases Receivable Net Deferred Loan Fees And Discounts
LoansAndLeasesReceivableNetDeferredLoanFeesAndDiscounts
7478000
CY2015Q4 ck0001641601 Loans And Leases Receivable Net Deferred Loan Fees And Discounts
LoansAndLeasesReceivableNetDeferredLoanFeesAndDiscounts
7951000
CY2016Q1 ck0001641601 Percentage Of Loans And Leases Receivable Gross Carrying Amount
PercentageOfLoansAndLeasesReceivableGrossCarryingAmount
1.024
CY2015Q4 ck0001641601 Percentage Of Loans And Leases Receivable Gross Carrying Amount
PercentageOfLoansAndLeasesReceivableGrossCarryingAmount
1.025
CY2016Q1 ck0001641601 Loans And Leases Receivable Allowance Percentage
LoansAndLeasesReceivableAllowancePercentage
0.008
CY2015Q4 ck0001641601 Loans And Leases Receivable Allowance Percentage
LoansAndLeasesReceivableAllowancePercentage
0.008
CY2016Q1 ck0001641601 Loans And Leases Receivable Net Deferred Loan Fees And Discounts Percentage
LoansAndLeasesReceivableNetDeferredLoanFeesAndDiscountsPercentage
0.016
CY2015Q4 ck0001641601 Loans And Leases Receivable Net Deferred Loan Fees And Discounts Percentage
LoansAndLeasesReceivableNetDeferredLoanFeesAndDiscountsPercentage
0.017
CY2016Q1 ck0001641601 Percentage Of Loans And Leases Receivable Net Reported Amount
PercentageOfLoansAndLeasesReceivableNetReportedAmount
1.000
CY2015Q4 ck0001641601 Percentage Of Loans And Leases Receivable Net Reported Amount
PercentageOfLoansAndLeasesReceivableNetReportedAmount
1.000
CY2016Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
232000
CY2016Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
24000
CY2016Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
36000
CY2016Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1724000
CY2016Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
2347000
CY2016Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
5393000
CY2016Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
485244000
CY2014Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
3778000
CY2015Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
139000
CY2015Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
17000
CY2015Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
25000
CY2015Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
3925000
CY2015Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1733000
CY2015Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
2192000
CY2015Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
5395000
CY2015Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
272193000
CY2015Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
277588000
CY2016Q1 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
5393000
CY2016Q1 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
2242000
CY2016Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
3151000
CY2016Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
1724000
CY2015Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
5329000
CY2015Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
2594000
CY2015Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
2735000
CY2015Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
1313000
CY2016Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
5686000
CY2016Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
36000
CY2015Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
5337000
CY2015Q1 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
5395000
CY2015Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
56000
CY2016Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
483745000
CY2016Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
3062000
CY2015Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
481402000
CY2015Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
3086000
CY2016Q1 us-gaap Assets Fair Value Disclosure Nonrecurring
AssetsFairValueDisclosureNonrecurring
5471000
CY2015Q4 us-gaap Assets Fair Value Disclosure Nonrecurring
AssetsFairValueDisclosureNonrecurring
5965000

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