Revenue during the quarter grew 9.40 percent to $10.84 million from $9.90 million in the previous year period. Net interest income for the quarter rose 13.56 percent over the prior year period to $8.50 million. Non-interest income for the quarter fell 3.48 percent over the last year period to $2.33 million.

Net interest margin improved 6 basis points to 3.75 percent in the quarter from 3.69 percent in the last year period. Efficiency ratio for the quarter improved to 72.46 percent from 74.20 percent in the previous year period. A decline in efficiency ratio indicates a rise in profitability.

"Strong loan growth, improved operating efficiencies and an expanding net interest margin fueled our earnings during the quarter," stated Pat Sheaffer, chairman and chief executive officer. "With our improving core operating income and growing revenues, coupled with the MBank transaction and other strategic initiatives, we believe Riverview is well positioned for continued profitability improvements."

Deposits stood at $840.39 million as on Dec. 31, 2016, up 12.42 percent compared with $747.56 million on Dec. 31, 2015.

Investments stood at $207.34 million as on Dec. 31, 2016, up 34.31 percent or $52.97 million from year-ago. Shareholders equity was at $109.40 million as on Dec. 31, 2016.

Return on average assets moved up 4 basis points to 0.80 percent in the quarter from 0.76 percent in the last year period. At the same time, return on average equity increased 75 basis points to 7.03 percent in the quarter from 6.28 percent in the last year period.

Nonperforming assets moved down 28.74 percent or $1.24 million to $3.08 million on Dec. 31, 2016 from $4.33 million on Dec. 31, 2015. Meanwhile, nonperforming assets to total assets was 0.31 percent in the quarter, down from 0.49 percent in the last year period.