Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
700 Seville Drive
Jordan, MN 55352

Riverland Bank is headquartered in Jordan and is the 298th largest bank in the state of Minnesota. It is also the 6,309th largest bank in the nation. It was established in 2005 and as of December of 2013, it had grown to 9 employees at 1 location. Riverland Bank has a C+ health rating.

Reviews (1)

Will Not Recommend!

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. -.-



Health

Data for Q4 2013

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Riverland Bank has a low asset base.

Texas Ratio

GRADE:
C

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 Riverland Bank had $2.13 million in non-current loans and owned real-estate with $4.41 million in equity and loan loss allowances on hand to cover it. This gives Riverland Bank a Texas Ratio of 48.20% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Riverland Bank decreased dramatically from 94.46% as of December 31, 2012 to 48.20% as of December 31, 2013, resulting in a positive change of 48.97%.This indicates that the balance sheet and financial strength for Riverland Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, Riverland Bank has decreased its total deposits by -$2.46 million, resulting in -7.42% 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 below 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. Riverland Bank has $39.12 million in assets with $4.41 million in equity, resulting in a capitalization level of 11.28%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58106
Year Established2005
Employees9
Primary RegulatorFDIC
Assets and Liabilities
Assets$39.12 million
Loans$28.34 million
Deposits$30.69 million
Equity Capital$3.72 million
Loan Loss Allowance$696,000
Real Estate Owned$2.13 million
Historic Data - December 2012
Assets$35.45 million
Equity Capital$2.21 million
Loan Loss Allowance$733,000
Unbacked Noncurrent Loans$0
Real Estate Owned$2.43 million
Profit Margin - Quarterly
Net Interest Margin4.08%
Return on Assets-0.25%
Return on Equity-3.04%
Interest Income$1.50 million
Rates
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not Riverland Bank, we are a rate comparison website and can not provide official rates or promotions.

Riverland Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$30k-Health Saving Account

Riverland Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Money Market Saving Account

Riverland Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.35%$1k-60 Month CD
1.00%$1k-22 Month CD
0.90%$1k-48 Month CD
0.90%$1k-9 Month CD
0.85%$1k-36 Month CD
0.80%$1k-24 Month CD
0.50%$1k-12 Month CD
0.30%$1k-6 Month CD
0.20%$1k-3 Month CD

Riverland Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.35%$1k-60 Month IRA
1.00%$1k-22 Month IRA
0.90%$1k-48 Month IRA
0.90%$1k-9 Month IRA
0.85%$1k-36 Month IRA
0.80%$1k-24 Month IRA
0.50%$1k-12 Month IRA
0.30%$1k-6 Month IRA
0.20%$1k-3 Month IRA
Locations


Riverland Bank Locations
Riverland Bank700 Seville DriveJordan, MN 55352