Spokane-based RiverBank Holding Co., the parent company of RiverBank, reported unaudited fourth-quarter net income of $677,656, or $0.61 per fully diluted share, compared to $356,283, or $0.32 per share, for the year-earlier quarter.

Net income for all of 2024 totaled about $2.06 million, or $1.86 per share, compared to about $1.21 million, or $1.09 per share, for all of 2023.

Both the quarterly and full-year 2024 figures are characterized as records by the company. 

Net interest income also increased compared with the year prior. The net interest margin for Q4 2024 increased to 4.33%, from 3.91% in Q4 2023. For all of 2024, the margin increased to 4.03% from 3.90% in the prior year.

Total assets for RiverBank were $262.4 million on Dec. 31, 2024, an increase of $21.3 million compared to end-of-year 2023.

Total net loans grew by $32.7 million, a 17.7% increase since Dec. 31, 2023.

RiverBank has one branch in Spokane, located at 202 E. Spokane Falls Blvd.