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 capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Riverwood-Maritime Credit Union had $188,000 in non-current loans and owned real-estate with $2.91 million in equity and loan loss allowances on hand to cover it. This gives Riverwood-Maritime Credit Union a Texas Ratio of 6.46% 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 3.98% as of March 31, 2013 to 6.46% as of March 31, 2014, resulting in a negative change of 62.25%. 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 $1.76 million, resulting in 6.02% 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 $33.88 million in assets with $2.91 million in equity, resulting in a capitalization level of 8.59%, which is average.