Overview / Commentary
Rio Bank is headquartered in Mcallen and is the 105th largest bank in the state of Texas. It is also the 1,115th largest bank in the nation. It was established in 1985 and as of June of 2022, it had grown to 191 employees at 15 locations. Rio Bank has an A 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
A
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 25886 |
| Year Established | 1985 |
| Employees | 191 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.66% |
| Return on Equity - YTD | 7.79% |
| Annual Interest Income | $14.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $866.9MM$745.2MM |
| Loans | Q2 2022vs Q2 2021 | $382.7MM$368.2MM |
| Deposits | Q2 2022vs Q2 2021 | $805.8MM$659.1MM |
| Equity Capital | Q2 2022vs Q2 2021 | $58.5MM$72.3MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $4.5MM$4.0MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $1.3MM$5.9MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$1.4MM |
