Rio Bank is headquartered in Mcallen and is the 116th largest bank in the state of Texas. It is also the 1,298th largest bank in the nation. It was established in 1985 and as of December of 2020, it had grown to 186 employees at 14 locations. Rio Bank has a B+ health rating.
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.
Overall | |
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FDIC Certificate # | 25886 |
Year Established | 1985 |
Employees | 186 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.76% |
Return on Equity - YTD | 7.23% |
Annual Interest Income | $26.9MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $668.0MM$545.0MM |
Loans | Q4 2020vs Q4 2019 | $381.6MM$333.2MM |
Deposits | Q4 2020vs Q4 2019 | $584.7MM$472.0MM |
Equity Capital | Q4 2020vs Q4 2019 | $70.5MM$61.7MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $3.8MM$3.3MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $7.6MM$5.0MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $1.6MM$325.00K |
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