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Rio Grande Savings and Loan Association

Overview / Commentary
719-852-5933
901 1st Avenue
Monte Vista, CO 81144

Rio Grande Savings and Loan Association is headquartered in Monte Vista and is the 74th largest bank in the state of Colorado. It is also the 4,917st largest bank in the nation. It was established in 1905 and as of December of 2013, it had grown to 29 employees at 3 locations. Rio Grande Savings and Loan Association has a B health rating.

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Health

Data for Q4 2013

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Rio Grande Savings and Loan Association has a relatively low asset base.

Texas Ratio

GRADE:
B

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, 2013 Rio Grande Savings and Loan Association had $1.79 million in non-current loans and owned real-estate with $10.97 million in equity and loan loss allowances on hand to cover it. This gives Rio Grande Savings and Loan Association a Texas Ratio of 16.29% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Rio Grande Savings and Loan Association decreased slightly from 21.10% as of December 31, 2012 to 16.29% as of December 31, 2013, resulting in a positive change of 22.83%.This indicates that the balance sheet and financial strength for Rio Grande Savings and Loan Association has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, Rio Grande Savings and Loan Association has decreased its total deposits by -$1.46 million, resulting in -1.73% 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 Rio Grande Savings and Loan Association has shown is average.

Capitalization

GRADE:
A

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. Rio Grande Savings and Loan Association has $93.08 million in assets with $10.97 million in equity, resulting in a capitalization level of 11.78%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #28315
Year Established1905
Employees29
Primary RegulatorFDIC
Assets and Liabilities
Assets$93.08 million
Loans$66.59 million
Deposits$82.47 million
Equity Capital$10.38 million
Loan Loss Allowance$587,000
Unbacked Noncurrent Loans$779,000
Real Estate Owned$1.01 million
Historic Data - December 2012
Assets$94.56 million
Equity Capital$10.37 million
Loan Loss Allowance$392,000
Unbacked Noncurrent Loans$779,000
Real Estate Owned$1.04 million
Profit Margin - Quarterly
Net Interest Margin4.15%
Return on Assets0.16%
Return on Equity1.45%
Interest Income$3.87 million
Rates
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Rio Grande Savings and Loan Association Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$25-Statement Savings Account

Rio Grande Savings and Loan Association Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$10k-Bonanza Checking Accoun
0.08%$10k$100kSuper Bonanza Checking Account
0.03%$200-Regular N.O.W. Checking Account

Rio Grande Savings and Loan Association CD Rates

DetailsAPYMINMAXPRODUCT
0.60%$500-36 Month CD
0.55%$500-30 Month CD
0.45%$500-24 Month CD
0.40%$500-18 Month CD
0.20%$500-12 Month CD
0.15%$500-6 Month CD
0.10%$500-3 Month CD
Locations


Rio Grande Savings and Loan Association Locations
Mariposa Street Branch3416 Mariposa StreetAlamosa, CO 81101
80 Piedra Road Branch80 Piedra RoadPagosa Springs, CO 81147
Rio Grande Savings and Loan Association901 1st AvenueMonte Vista, CO 81144