Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Riverwood-Maritime Credit Union has a low asset base.
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 Riverwood-Maritime Credit Union had $277,000 in non-current loans and owned real-estate with $2.94 million in equity and loan loss allowances on hand to cover it. This gives Riverwood-Maritime Credit Union a Texas Ratio of 9.41% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Riverwood-Maritime Credit Union experienced no significant changes from 8.64% as of December 31, 2012 to 9.41% as of December 31, 2013, resulting in a negative change of 8.85%. This indicates that the balance sheet and financial strength for Riverwood-Maritime Credit Union has had no significant changes in recent periods.
In the past year, Riverwood-Maritime Credit Union has increased its total deposits by $2.16 million, resulting in 7.72% 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 Riverwood-Maritime Credit Union 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. Riverwood-Maritime Credit Union has $32.98 million in assets with $2.94 million in equity, resulting in a capitalization level of 8.93%, which is average.