River Valley Community Bank (RVVY.OB) Posts Record Quarterly and Annual Earnings
River Valley Community Bank earned, after tax, $284,102 for the quarter ended December 31, 2010, and $1,042,123 for the full year. The quarterly and annual results both represent records for the Bank compared to the previous bests of $282,067 and $667,565 earned in the fourth quarter and full year in 2009. The Bank has now posted 14 consecutive profitable quarters. Total Assets and Total Deposits of $136,170,200 and $119,410,908 were also at record levels at year-end. Core deposits (total deposits less time deposits) were $101,513,002 at December 31, 2010. This represents a 44 percent improvement over the $70,683,266 recorded at…