Riverside Bank (NY)

11-13 Garden Street
Poughkeepsie, NY 12602
845-454-5511
www.riversidebankhv.com

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Riverside Bank (NY) is headquartered in Poughkeepsie and is the 132^nd largest bank in the state of New York. It is also the 3,310^st largest bank in the nation. It was established in 1988 and as of September of 2011, it had grown to 43 employees at 4 locations. Riverside Bank (NY)'s CD rates are 11% higher than the national average, and it has a 3-star health rating.

Competitive 3-Year CD Rate at Riverside Bank in New York - Local Only - 5/26/2010

Riverside Bank is offering a special 3-year CD with a very competitive rate of 3.00% APY. Minimum deposit is $25,000. This rate is listed in the bank's CD rates page as of 5/26/2010. I confirmed with ...

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See Rates for: Savings | Money Market | CD | IRA

Riverside Bank (NY) Savings Account Rates

	Apy	Min	Max	Product
	0.75%	$1m	-	Riverside Premium Sweep Account

Riverside Bank (NY) Money Market Rates

Apy	Min	Max	Product
0.50%	$100k	-	Money Market Account
0.50%	$100k	-	Business Money Market Account

Riverside Bank (NY) CD Rates

Apy	Min	Max	Product
2.28%	$1k	-	5 Year CD
1.77%	$1k	-	3 Year CD
1.51%	$1k	-	2 Year CD
1.00%	$2,500	-	1 Year CD
1.00%	$1k	-	18 Month CD
0.75%	$2,500	-	90 - 182 Day CD
0.75%	$2,500	-	183 - 364 Day CD
0.50%	$2,500	-	30 - 89 Day CD

Riverside Bank (NY) IRA Rates

Apy	Min	Max	Product
2.28%	$1k	-	5 Year IRA
1.77%	$1k	-	3 Year IRA
1.51%	$1k	-	2 Year IRA
1.00%	$2,500	-	1 Year IRA
1.00%	$1k	-	18 Month IRA
0.75%	$2,500	-	90 - 182 Day IRA
0.75%	$2,500	-	183 - 364 Day IRA
0.50%	$2,500	-	30 - 89 Day IRA

Rates updated: 2/10/2012

Data for Q3 2011

Institution Statistics

Riverside Bank
FDIC Certificate #	27181
BankRate Report	View
Year Established	1988
Employees	43
Primary Regulator	FDIC
Assets and Liabilities
Assets	$184.19 million
Loans	$147.19 million
Deposits	$162.30 million
Equity Capital	$20.80 million
Loan Loss Allowance	$2.67 million
Unbacked Noncurrent Loans	$2.90 million
Historic Data - September 2010
Assets	$194.66 million
Equity Capital	$19.65 million
Loan Loss Allowance	$2.44 million
Real Estate Owned	$600,000
Profit Margin - Quarterly
Net Interest Margin	4.41%
Return on Assets	0.63%
Return on Equity	5.67%
Interest Income	$6.81 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
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, 2011 Riverside Bank (NY) had $2.9 million in non-current loans and owned real-estate with $23.46 million in equity and loan loss allowances on hand to cover it. This gives Riverside Bank (NY) a Texas Ratio of 12.34% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Riverside Bank (NY) increased slightly from 2.72% as of September 30, 2010 to 12.34% as of September 30, 2011, resulting in a negative change of 354.36%. This indicates that the balance sheet and financial strength for Riverside Bank (NY) has declined slightly in recent periods.
Deposit Growth
In the past year, Riverside Bank (NY) has decreased its total deposits by -$11.65 million, resulting in -6.7% 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 Riverside Bank (NY) has shown is poor.
Capitalization
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. Riverside Bank (NY) has $184.19 million in assets with $23.46 million in equity, resulting in a capitalization level of 12.74%, which is excellent.