Attached files
| file | filename |
|---|---|
| 8-K/A - FORM 8-K/A - Riverview Financial Corp | d149795d8ka.htm |
| EX-23.2 - EX-23.2 - Riverview Financial Corp | d149795dex232.htm |
| EX-99.6 - EX-99.6 - Riverview Financial Corp | d149795dex996.htm |
| EX-99.4 - EX-99.4 - Riverview Financial Corp | d149795dex994.htm |
| EX-23.1 - EX-23.1 - Riverview Financial Corp | d149795dex231.htm |
| EX-99.5 - EX-99.5 - Riverview Financial Corp | d149795dex995.htm |
Exhibit 99.3
CITIZENS NATIONAL BANK OF MEYERSDALE
STATEMENTS OF FINANCIAL CONDITION
(In thousands, except share data)
| September 30, 2015 (Unaudited) |
December 31, 2014 (Audited) |
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| Assets | ||||||||
| Cash and cash equivalents and due from banks |
$ | 2,997 | $ | 1,932 | ||||
| Interest-bearing time deposits with banks |
— | 162 | ||||||
| Investment securities available-for-sale |
18,871 | 17,650 | ||||||
| Loans, net of allowance for loan losses of $568 and $665 |
56,691 | 46,551 | ||||||
| Premises and equipment |
957 | 1,017 | ||||||
| Accrued interest receivable |
208 | 203 | ||||||
| Restricted investments in bank stocks |
473 | 97 | ||||||
| Cash value of life insurance |
2,911 | 2,845 | ||||||
| Foreclosed assets |
166 | 31 | ||||||
| Deferred tax assets |
1,628 | 1,641 | ||||||
| Other assets |
166 | 97 | ||||||
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| Total Assets |
$ | 85,068 | $ | 72,226 | ||||
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| Liabilities and Shareholders’ Equity | ||||||||
| Liabilities |
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| Deposits |
$ | 69,353 | $ | 65,010 | ||||
| Short-term borrowings |
8,575 | — | ||||||
| Accrued interest payable |
92 | 104 | ||||||
| Other liabilities |
371 | 611 | ||||||
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| Total Liabilities |
78,391 | 65,725 | ||||||
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| Shareholders’ Equity |
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| Common stock, $1 par value; authorized, issued and outstanding 2015 and 2014 – 208,000 shares |
208 | 208 | ||||||
| Surplus |
292 | 292 | ||||||
| Retained earnings |
6,940 | 6,808 | ||||||
| Accumulated other comprehensive income (loss) |
(763 | ) | (807 | ) | ||||
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| Total Shareholders’ Equity |
6,677 | 6,501 | ||||||
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| Total Liabilities and Shareholders’ Equity |
$ | 85,068 | $ | 72,226 | ||||
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CITIZENS NATIONAL BANK OF MEYERSDALE
STATEMENTS OF OPERATIONS
For The Nine Months Ended September 30, 2015 and 2014
(Unaudited in thousands)
| Nine Months Ended September 30, | ||||||||
| 2015 | 2014 | |||||||
| INTEREST INCOME |
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| Loans |
$ | 1,414 | $ | 1,461 | ||||
| Investment securities |
281 | 364 | ||||||
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| Total interest income |
1,695 | 1,825 | ||||||
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| INTEREST EXPENSE |
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| Deposits |
452 | 598 | ||||||
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| Total interest expense |
452 | 598 | ||||||
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| Net interest income |
1,243 | 1,227 | ||||||
| PROVISION FOR (REVERSAL OF) LOAN LOSSES |
(100 | ) | — | |||||
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| Net interest income after provision for loan losses |
1,343 | 1,227 | ||||||
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| NON-INTEREST INCOME |
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| Loan servicing fees |
196 | 210 | ||||||
| Gain on sales of available-for-sale securities, net |
13 | 85 | ||||||
| Loss on sales of other real estate owned, net |
— | (1 | ) | |||||
| Other |
45 | 21 | ||||||
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| Total non-interest income |
254 | 315 | ||||||
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| NON-INTEREST EXPENSE |
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| Compensation and employee benefits |
631 | 728 | ||||||
| Other operating expenses |
858 | 1,013 | ||||||
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| Total non-interest expense |
1,489 | 1,741 | ||||||
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| Income (loss) before income tax benefit |
108 | (199 | ) | |||||
| INCOME TAX BENEFIT |
(8 | ) | (85 | ) | ||||
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| NET INCOME (LOSS) |
$ | 116 | $ | (114 | ) | |||
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| Basic earnings per weighted average share |
$ | 0.56 | $ | (0.55 | ) | |||
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| Diluted earnings per weighted average share |
$ | 0.56 | $ | (0.55 | ) | |||
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