R Bank is headquartered in Round Rock and is the 147th largest bank in the state of Texas. It is also the 1,695th largest bank in the nation. It was established in 2009 and as of June of 2016, it had grown to 83 employees at 8 locations. R Bank has an A health rating.
The rates did indeed go down. As of July, Interest rates (if requirements are met) are now:
3.05% on the first $15,000 (down from 3.5%)
0.71% on funds > $15,000 (down from 1.0%)
Customer representative said that an email was being prepared and would be out soon.
Ken, Why doesn't R Bank show up in the list of Rewards Checking Accounts in Texas with high interest rates? After finding your Nov 2013 review of R Bank Rewards Checking, I opened a Rewards Checking Account at rbanktexas , and have been very satisfied. Pays 3.25% on the first 15k, and then 1.01% on the balance above 15k. I had to open in person, so easy for people in Central Texas, but not elsewhere.
It looks like R Bank reduced their reward checking rate this month (july). Unfortunately, they don't seem to publish these rates on their web page nor do they inform the account holders when the change takes place takes place. I'll post more info after I contact them next week.
|FDIC Certificate #||58935|
|Return on Assets - YTD||0.43%|
|Return on Equity - YTD||4.03%|
|Annual Interest Income||$7.8MM|
|Assets and Liabilities|
|Assets||Q2 2016vs Q2 2015||$402.0MM$307.7MM|
|Loans||Q2 2016vs Q2 2015||$275.9MM$212.7MM|
|Deposits||Q2 2016vs Q2 2015||$355.6MM$274.5MM|
|Equity Capital||Q2 2016vs Q2 2015||$40.9MM$32.7MM|
|Loan Loss Allowance||Q2 2016vs Q2 2015||$2.9MM$2.5MM|
|Unbacked Noncurrent Loans||Q2 2016vs Q2 2015||$1.3MM$16.00K|
|Real Estate Owned||Q2 2016vs Q2 2015||$0$0|
Sorry, we do not have rate data for R Bank.
|R Bank Locations|
|R Bank||3600 E Palm Valley Blvd||Round Rock, TX 78681|
|Georgetown Branch||2415 Williams Dr.||Georgetown, TX 78628|
|Westlake Branch||3103 Bee Caves Rd., Sutie 110||Rollingwood, TX 78746|
|Round Rock Banking Center||1900 Round Rock Avenue||Round Rock, TX 78681|
|Bertram Branch||360 Hwy 29 East||Bertram, TX 78605|
|50 W. Fm 487 Jarrell Branch||50 W. Fm 487||Jarrell, TX 76537|
|Schwertner State Bank Branch||110 Main Street||Schwertner, TX 76573|
|Edna Banking Center||814 North Wells Street||Edna, TX 77957|