Riverland Bank is headquartered in Jordan and is the 297th largest bank in the state of Minnesota. It is also the 6,350th largest bank in the nation. It was established in 2005 and as of September of 2013, it had grown to 9 employees at 1 location. Riverland Bank has a B+ 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 funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2013 Riverland Bank had $2.13 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 47.98% 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 104.98% as of September 30, 2012 to 47.98% as of September 30, 2013, resulting in a positive change of 54.29%.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 increased its total deposits by $5.68 million, resulting in 18.75% 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 excellent.
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 $39.84 million in assets with $4.44 million in equity, resulting in a capitalization level of 11.15%, which is excellent.
|FDIC Certificate #||58106|
|Assets and Liabilities|
|Equity Capital||$3.75 million|
|Loan Loss Allowance||$695,000|
|Real Estate Owned||$2.13 million|
|Historic Data - September 2012|
|Equity Capital||$2.31 million|
|Loan Loss Allowance||$803,000|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$2.54 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.97%|
|Return on Assets||-0.26%|
|Return on Equity||-3.26%|
|Interest Income||$1.09 million|
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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|
|0.80%||$1k||-||24 Month CD|
|0.50%||$1k||-||12 Month CD|
|0.30%||$1k||-||6 Month CD|
|0.20%||$1k||-||3 Month CD|
|1.35%||$1k||-||60 Month IRA|
|0.90%||$1k||-||48 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|
|Riverland Bank Locations|
|Riverland Bank||700 Seville Drive||Jordan, MN 55352|