Riverland Bank is headquartered in Jordan and is the 275th largest bank in the state of Minnesota. It is also the 6,069th largest bank in the nation. It was established in 2005 and as of June of 2014, it had grown to 7 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 June 30, 2014 Riverland Bank had $2.11 million in non-current loans and owned real-estate with $5.51 million in equity and loan loss allowances on hand to cover it. This gives Riverland Bank a Texas Ratio of 38.24% 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 slightly from 53.34% as of June 30, 2013 to 38.24% as of June 30, 2014, resulting in a positive change of 28.30%.This indicates that the balance sheet and financial strength for Riverland Bank has improved slightly in recent periods.
In the past year, Riverland Bank has increased its total deposits by $2.52 million, resulting in 7.53% 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 $43.57 million in assets with $5.51 million in equity, resulting in a capitalization level of 12.65%, which is excellent.
|FDIC Certificate #||58106|
|Assets and Liabilities|
|Equity Capital||$4.77 million|
|Loan Loss Allowance||$744,000|
|Real Estate Owned||$2.11 million|
|Historic Data - June 2013|
|Equity Capital||$3.76 million|
|Loan Loss Allowance||$695,000|
|Real Estate Owned||$2.37 million|
|Profit Margin - Quarterly|
|Return on Assets||0.1%|
|Return on Equity||0.98%|
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|0.25%||$30k||-||Health Saving Account|
|0.40%||$100k||-||Money Market Saving Account|
|1.35%||$1k||-||60 Month CD|
|1.25%||$1k||-||48 Month CD|
|0.85%||$1k||-||36 Month CD|
|0.55%||$1k||-||24 Month CD|
|0.48%||$1k||-||12 Month CD|
|0.20%||$1k||-||6 Month CD|
|0.15%||$1k||-||3 Month CD|
|1.35%||$1k||-||60 Month IRA|
|1.25%||$1k||-||48 Month IRA|
|0.85%||$1k||-||36 Month IRA|
|0.55%||$1k||-||24 Month IRA|
|0.48%||$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|