Vancouver-based Riverview Bancorp, parent of Riverview Community Bank, on Thursday reported net income of $1.7 million, or $0.07 per diluted share, in the second fiscal quarter that ended Sept. 30.
The bank earned $1.6 million in income in the preceding quarter and $1.1 million in the second fiscal quarter a year ago. For the first half of the current fiscal year, Riverview’s earnings now stand at $3.2 million, compared to $1.8 million in the same period a year ago.
Riverview reported increases in loans, to $596 million, and in deposits, to $757 million, during the quarter.
Riverview has $896 million in assets. It operates 17 branches, including 12 in the Portland-Vancouver area, and three lending centers.
