SVB&T Declares Annual Dividend

French Lick (Local Sources) – SVB&T Corporation, parent company of Springs Valley Bank & Trust Company, reported September 30, 2015 Return on Average Assets (ROAA), Return on Average Equity (ROAE), and capital ratio all are very strong. The bank recorded unaudited YTD earnings of $2.0 Million.

This translates to YTD ROAA of 0.92%, ROAE of 8.29%, and tangible capital ratio of 10.54%. Comparatively, at September 30, 2014, our YTD ROAA, ROAE, and tangible capital ratio were 1.09%, 9.58%, and 11.08% respectively. The Bank’s net interest margin grew slightly (+.03%) to 3.71% through September 30, as compared to the prior year-end of 3.68%. The Bank reported strong loan growth YTD, which has increased to $231.2 Million (September 30) from $196.3 Million (December 31, 2014), resulting in an increase in net interest income to $7.5 Million through September 30 compared to $6.8 Million through the same period in 2014.

The achievement of these positive trends allowed the Bank’s Board of Directors to declare a dividend of $.65 per share to all shareholders of record as of November 13, 2015, payable on or about December 16, 2015. This is a 15.38% increase over the annual dividend paid in December 2014.

“Since 1902, Springs Valley Bank & Trust has been the “tried and true” financial services provider in bad times and in good. Why not bank with your friends and neighbors at Springs Valley?” stated Jamie Shinabarger, President & CEO.


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