Riverview Bancorp Inc (NASDAQ: RVSB)

Riverview Bancorp, Inc., a Washington corporation, also known as RVSB, is a community-oriented financial services company that operates through its subsidiaries, Riverview Trust Company and Riverview Services, Inc. The company's primary business involves attracting deposits from the general public and using those funds to originate commercial business, commercial real estate, multi-family real estate, land, real estate construction, and other consumer loans. With total assets of $1.52 billion, total deposits of $1.23 billion, and total shareholders' equity of $155.6 million as of March 31, 2024, Riverview Bancorp, Inc. is a significant player in the financial services industry.

Riverview Bank, a subsidiary of Riverview Bancorp, Inc., is the primary operating entity that focuses on providing personalized services to residents of its primary market area. This area covers Clark, Klickitat, and Skamania counties in Washington and Multnomah, Washington, and Marion counties in Oregon. The bank's primary business includes attracting deposits from the general public and using those funds to originate various types of loans, such as commercial business, commercial real estate, multi-family real estate, land, real estate construction, and other consumer loans.

The company generates revenue primarily through its lending activities. Its primary products and services include commercial business lending, commercial real estate and multi-family lending, land lending, and real estate construction lending. Riverview Bank's commercial business loan portfolio totaled $229.4 million, or 22.4% of total loans, as of March 31, 2024. These loans are typically secured by business equipment, accounts receivable, inventory, or other property and are often structured as term loans or lines of credit.

In the commercial real estate and multi-family lending segment, Riverview Bank's loan portfolios totaled $583.5 million and $70.8 million, or 57.0% and 6.9% of total loans, respectively, as of March 31, 2