Reflecting on 2025 and Looking Ahead to 2026

From the Desk of John M. Jelavich, President & CEO

As we close the books on 2025, I’m pleased to share that our strategic investments are doing exactly what we intended. We finished the year with strong deposit and loan growth, continued momentum in Roseville, and a growing team of experienced bankers who are dedicated to client service and understand its value in what we are building at River Valley Community Bank.

Our fourth quarter results tell an important story. While net profits remained flat - as expected, our top-line revenue grew meaningfully as we deployed the investments we’ve discussed throughout the year. This was part of our plan: shortterm investment-related expense increases that set us up for increasing scale and achieving our long-term performance goals. And already, we are seeing those investments generate results.

Q4 2025 Highlights

• YearEnd Growth
Strong deposit and loan growth that reflects both the strength of our brand and the disciplined execution of our team.

• Roseville Momentum
Our Roseville branch continues to be a major contributor to loan and deposit growth, with new business relationships poised to drive significant deposit inflows in the coming 3–6 months.

• Expanding Talent Bench
Seasoned bankers are joining our team—drawn to the culture, reputation, and opportunity to be part of the decision-making process that makes a difference for the clients they serve.

• Industry Recognition
Across conferences and community events, we continue to hear positive feedback about RVCB. Our reputation in our markets is strong, and it is opening doors.

Growing into 2026

We expect two meaningful tailwinds to position us well for the year:

1. The Things We Can Control

Our team continues to bring in strong loan and deposit relationships, and the caliber of our team—along with their enthusiasm for our culture—sets us apart. They see the impact they can make here, and it shows in the results. We also benefit from our unique position as the true community bank in our markets - markets that offer significant growth opportunities for our bank. This combination of talent, culture, and market strength gives us a powerful foundation as we enter 2026.

2. The Things We Can’t Control (But Can Benefit From)

The broader interest rate environment is also turning in our favor. As the Federal Reserve continues to cut rates, our deposit costs move directionally with those rate actions. At the same time, new loans are booking at rates higher than those originated over the past five years. As our portfolio reprices, we expect improved Net Interest Income (NIM) and continued balance sheet strength.  These factors are expected to assist in driving increased ongoing profitability for our bank.

Entering 2026 with Energy and Momentum

Our team is energized by what we accomplished in 2025, and I consistently hear positive feedback about RVCB—feedback that reflects what our customers and team members experience every day. It’s deeply satisfying to see the impact we’re making:

• Our team recognizes and appreciates the strength of our culture.
• Our customers feel the value of banking with us.
• Our performance trajectory is increasingly clear, reinforcing our long-term value creation strategy for shareholders.

I believe 2026 will be a year in which we truly see the fruits of the work we’ve put in, driving additional value for our stakeholders.

‍We are grateful for your confidence in our bank and your ongoing support as we continue building longterm value together.

— John 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.