Overview / Commentary
Rio Bank is headquartered in Mcallen and is the 117th largest bank in the state of Texas. It is also the 1,292nd largest bank in the nation. It was established in 1985 and as of June of 2020, it had grown to 188 employees at 14 locations. Rio Bank has a B+ health rating.
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Reviews (1)
Terrible Institution
Posted by: latamar | Nov 7, 2010
Rio Bank is a terrible institution. Horrible online system. No help on the weekends. Is this bank stuck in the stone age or what? We pulled our accounts as soon as we found out about it.
Health
B+
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 25886 |
| Year Established | 1985 |
| Employees | 188 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.97% |
| Return on Equity - YTD | 8.98% |
| Annual Interest Income | $13.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $653.2MM$559.7MM |
| Loans | Q2 2020vs Q2 2019 | $375.0MM$345.6MM |
| Deposits | Q2 2020vs Q2 2019 | $572.9MM$487.2MM |
| Equity Capital | Q2 2020vs Q2 2019 | $65.1MM$58.6MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $3.4MM$3.1MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $9.6MM$5.7MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $237.00K$1.1MM |
