Overview / Commentary
Rio Bank is headquartered in MCALLEN and is the 110th largest bank in the state of Texas. It is also the 1,188th largest bank in the nation. It was established in 1985 and as of June of 2023, it had grown to 201 employees at 16 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 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 25886 |
| Year Established | 1985 |
| Employees | 201 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.9% |
| Return on Equity - YTD | 11.87% |
| Annual Interest Income | $18.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $803.3MM$866.9MM |
| Loans | Q2 2023vs Q2 2022 | $393.4MM$382.7MM |
| Deposits | Q2 2023vs Q2 2022 | $736.7MM$805.8MM |
| Equity Capital | Q2 2023vs Q2 2022 | $63.1MM$58.5MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $4.8MM$4.5MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $474.00K$1.3MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
