Overview / Commentary
Rio Bank is headquartered in Mcallen and is the 116th largest bank in the state of Texas. It is also the 1,301st largest bank in the nation. It was established in 1985 and as of March of 2021, it had grown to 179 employees at 15 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 Q1 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 25886 |
| Year Established | 1985 |
| Employees | 179 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.99% |
| Return on Equity - YTD | 9.61% |
| Annual Interest Income | $7.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $703.6MM$566.4MM |
| Loans | Q1 2021vs Q1 2020 | $368.2MM$334.0MM |
| Deposits | Q1 2021vs Q1 2020 | $619.2MM$488.2MM |
| Equity Capital | Q1 2021vs Q1 2020 | $71.4MM$63.6MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $3.8MM$3.3MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $7.1MM$8.2MM |
| Real Estate Owned | Q1 2021vs Q1 2020 | $1.6MM$237.00K |
