Riverland Bank is headquartered in Jordan and is the 295th largest bank in the state of Minnesota. It is also the 6,251st largest bank in the nation. It was established in 2005 and as of March of 2014, it had grown to 9 employees at 1 location. Riverland Bank has a C+ health rating.
Uninformative, worst experience ever. When there to check out loans for properties. They were unformative. they only had like 6-7 people of which i dont feel comfortable. Their website 'about us' keeps crapping about the ceo. -.-
The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Riverland Bank had $2.11 million in non-current loans and owned real-estate with $4.44 million in equity and loan loss allowances on hand to cover it. This gives Riverland Bank a Texas Ratio of 47.56% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Riverland Bank decreased dramatically from 82.76% as of March 31, 2013 to 47.56% as of March 31, 2014, resulting in a positive change of 42.53%.This indicates that the balance sheet and financial strength for Riverland Bank has improved dramatically in recent periods.
In the past year, Riverland Bank has decreased its total deposits by $-398,000, resulting in -1.21% 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 Riverland Bank has shown is average.
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. Riverland Bank has $39.02 million in assets with $4.44 million in equity, resulting in a capitalization level of 11.38%, which is excellent.
|FDIC Certificate #||58106|
|Assets and Liabilities|
|Equity Capital||$3.74 million|
|Loan Loss Allowance||$697,000|
|Real Estate Owned||$2.11 million|
|Historic Data - March 2013|
|Equity Capital||$2.22 million|
|Loan Loss Allowance||$695,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$2.20 million|
|Profit Margin - Quarterly|
|Net Interest Margin||4.38%|
|Return on Assets||0.03%|
|Return on Equity||0.32%|
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|0.25%||$30k||-||Health Saving Account|
|0.40%||$100k||-||Money Market Saving Account|
|1.35%||$1k||-||60 Month CD|
|0.90%||$1k||-||48 Month CD|
|0.85%||$1k||-||36 Month CD|
|0.55%||$1k||-||24 Month CD|
|0.45%||$1k||-||12 Month CD|
|0.20%||$1k||-||6 Month CD|
|0.15%||$1k||-||3 Month CD|
|1.35%||$1k||-||60 Month IRA|
|0.90%||$1k||-||48 Month IRA|
|0.85%||$1k||-||36 Month IRA|
|0.55%||$1k||-||24 Month IRA|
|0.45%||$1k||-||12 Month IRA|
|0.20%||$1k||-||6 Month IRA|
|0.15%||$1k||-||3 Month IRA|
|Riverland Bank Locations|
|Riverland Bank||700 Seville Drive||Jordan, MN 55352|