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Celebrating 20 Years of Community Banking

FROM THE DESK OF JOHN M. JELAVICH, PRESIDENT & CEO.

August 4, 2026

Twenty years ago, our founders saw an important opportunity. As banking consolidation reduced the number of banks serving our region, local businesses were losing access to bankers who understood their markets, knew their customers by name, and could make decisions close to home. River Valley Community Bank was founded to fill that need: a true community bank built on local decision-making, long-term relationships, and a commitment to the communities we serve.

Two decades later, the opportunity has only become more apparent.

The banking landscape has continued to consolidate. Many local and regional banks have been acquired, closed, or folded into larger organizations. Against that backdrop, RVCB is increasingly distinct: local, independent, relationship-driven, and positioned in markets where clients still value access, responsiveness, and accountability.

That is why this anniversary is more than a look back. We see it as a marker of progress and a platform for what comes next. We have built a stronger franchise, expanded our market presence, invested in our capabilities, and developed a team with the experience and energy to pursue the opportunities ahead. I am optimistic about where we are positioned today and confident in our ability to continue building on the success of the last 20 years.

Twenty Years of Intentional Growth

We’ve never been a growth-at-all-costs bank. Our expansion has been intentional. We have entered markets where community banks have left, where local businesses need a true community banking option and where our model can make a meaningful difference.

Strategic expansion. Over the past two decades, we have grown from our Yuba City beginnings into Grass Valley, Auburn, Marysville, Reno, and Roseville. Each market has strengthened our franchise and broadened our ability to serve local businesses, professionals, and community partners.

Significant banking milestones. Today, we have grown to nearly $800 million in assets and continue to work toward our longer-term goals of surpassing $1 billion in assets and improving earnings capacity in a disciplined, sustainable manner.

Industry recognition. We have been awarded a five-star superior rating from Bauer Financial, “Premier” Performing Bank by the Finley Reports, and an A rating from DepositAccounts.com. These recognitions reflect the strength of the institution and the consistency of our commitment to customers, shareholders, and communities.

Future-looking leadership. In 2025, our executive management team and Board took a strategic look at the bank’s position and identified investments that would strengthen our foundation for long-term growth. Those investments included technology, marketing, opening our new Roseville branch and most importantly, people.

Progress We Can See in the Business

Our recent results are an early indication that the investments made in 2025 are beginning to pay off. In the second quarter:

Net interest income totaled $6.0 million, up 22.1% year-over-year
Net income totaled $1.3 million, or $0.40 per share, up 22.1% year-over-year
Total deposits increased to $704.6 million, up 28.3% year-over-year
Total assets increased to $793.3 million, up 30.3% year-over-year
Book value per share reached $19.31, up 7.3% year-over-year

View our full 2Q earnings press release »

While quarterly performance is only one part of the story, we believe these results show momentum in areas that matter: deposit growth, earnings improvement, asset growth, and franchise value. They also reinforce that our strategy is not theoretical. It is being executed across the business and is beginning to show up in measurable progress.

Driven by People, Strengthened by Teamwork

Our business is built on people. The relationships, market knowledge, and judgment our bankers bring are what turn our community banking model into a real advantage.

One of the most encouraging parts of this past year has been the continued development of our existing team and the addition of talented new colleagues. Together, they bring new relationships, deeper market coverage, broader capabilities, and renewed energy to the bank. We have the right people, in the right markets, aligned around a model that continues to matter.

As we grow, we intend to remain known for seasoned, personable bankers who are accessible, responsive, and committed to taking care of customers well. That human element will continue to be one of our greatest competitive advantages.

Here’s to the Opportunities in Front of Us

As we celebrate 20 years of community banking, I am grateful for the customers, shareholders, employees, directors, and community partners who have helped make this journey possible. I am also energized by the opportunity ahead.

RVCB is operating in attractive markets, with a differentiated community banking model, a stronger platform, and a team capable of executing. Industry consolidation has only made our position more unique. The need for local banking has not gone away. If anything, it has become more apparent.

Thank you for your trust, confidence, and partnership over these first 20 years. We are proud of what has been built, and even more excited about what comes next.

— John M. Jelavich
President & CEO

Forward Looking Statements: This document may contain comments and information that constitute forward‐looking statements. Forward‐looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by such statements. These statements may use forward-looking terms, such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “probable,” “plan,” “project,” “should,” “will,” “would,” “possible,” or their negatives or other variations on these terms, and include statements related to, among others, growth in earnings, balance sheet growth through organic funding and plans to pay cash dividends at historical rates. Forward‐looking statements speak only as to the date they are made. The Bank does not undertake to update forward‐looking statements to reflect circumstances or events that occur after the date the forward‐looking statements are made.