Overview / Commentary
Rio Bank is headquartered in Mcallen and is the 113th largest bank in the state of Texas. It is also the 1,255th largest bank in the nation. It was established in 1985 and as of June of 2021, it had grown to 180 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 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 25886 |
| Year Established | 1985 |
| Employees | 180 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.94% |
| Return on Equity - YTD | 9.25% |
| Annual Interest Income | $14.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $745.2MM$653.2MM |
| Loans | Q2 2021vs Q2 2020 | $368.2MM$375.0MM |
| Deposits | Q2 2021vs Q2 2020 | $659.1MM$572.9MM |
| Equity Capital | Q2 2021vs Q2 2020 | $72.3MM$65.1MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $4.0MM$3.4MM |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $5.9MM$9.6MM |
| Real Estate Owned | Q2 2021vs Q2 2020 | $1.4MM$237.00K |
