Institution Statistics
| Bank of Rio Vista | | FDIC Certificate # | 8472 | | BankRate Report | View | | Year Established | 1904 | | Employees | 37 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $188.06 million | | Loans | $57.04 million | | Deposits | $163.62 million | | Equity Capital | $23.43 million | | Loan Loss Allowance | $1.68 million | | Unbacked Noncurrent Loans | $7.24 million | | Real Estate Owned | $412,000 |
Historic Data - December 2011 | | Assets | $179.93 million | | Equity Capital | $22.64 million | | Loan Loss Allowance | $1.63 million | | Unbacked Noncurrent Loans | $8.91 million | | Real Estate Owned | $86,000 |
Profit Margin - Quarterly | | Net Interest Margin | 3.38% | | Return on Assets | 0.31% | | Return on Equity | 2.39% | | Interest Income | $5.95 million |
|
|
Institution Health
Overall Score:
4 out of 5 
| Texas Ratio |  | | The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Bank of Rio Vista had $7.65 million in non-current loans and owned real-estate with $25.1 million in equity and loan loss allowances on hand to cover it. This gives Bank of Rio Vista a Texas Ratio of 30.46% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for Bank of Rio Vista decreased slightly from 37.05% as of December 31, 2011 to 30.46% as of December 31, 2012, resulting in a positive change of 17.78%.This indicates that the balance sheet and financial strength for Bank of Rio Vista has improved slightly in recent periods. | | Deposit Growth | | | In the past year, Bank of Rio Vista has increased its total deposits by $7.55 million, resulting in 4.84% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of Rio Vista has shown is above average. | | Capitalization |  | | Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of Rio Vista has $188.06 million in assets with $25.1 million in equity, resulting in a capitalization level of 13.35%, which is excellent. |
|
Average User Rating:
A Bank In Decline?
This was, not too long ago, a friendly local bank. I recommended it to many people and would have given them four or five stars. However, over the past three years or so, the bank continues to decline in service and attitude. They now act more like one of the impersonal big banks as opposed to a small town bank. They take a long time getting back on a question or problem and when they do, they fail to actually provide a complete answer. They ignore follow up questions trying to get an answer to the question orginally asked.
Also, problems are routine with them blocking debit card transactions, even though there is money in the account to cover the transaction. They do this with any internet purchase, even $5 if the company is not headquartered in the United States. This is true even if the company is located in the United Kingdom, the Netherlands or even Germany (as many internet based AAA companies are). In addition, if you are away from your home town, you can easily find that they have blocked the card (as a "security" measure) when you go to purchase gas to drive home. This even happens when you are 5 hours away from your home town. Why do they do this? The answer is basically as a "security measure". Asking them how it is that their customer is suppose to drive home if they cannot access the money in their checking accounts falls on deaf ears.
Lately, other problems have been noticed where they seem to be (though this cannot be proved) delaying giving credit on electronic deposits. It seems that they are taking an extra day to give credit and when you ask about it they deny that they have received the money or that they can even see it in process. Prior to this, even if they did not "have it" they could tell you they could "see it" in process. Now they can't, or won't, do this. All in all, it just seems that this bank with it's recent change in management simply no longer cares about giving good service. And I think that is a real shame.