2024 Overview
General Bank Information
River Bank & Trust is an FDIC insured institution located in Prattville, AL. It was founded in 2006 and has approximately $3.42 billion in assets. Customers can open an account at one of its 10 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 58255 |
| Date Established | 2006 |
| Assets | $ 3.42 billion |
| Loans | $ 2.33 billion |
| Deposits | $ 2.95 billion |
| Capital | $ 250.29 million |
For a more detailed analysis of River Bank & Trust's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 14, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - November 14, 2024
Your Current Location: Ohio, OH 43085
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
5.99% | 4.99% | Varies | |
Compare with 7.49 RATE Line of Credit from Third Federal Savings and Loan
See All Home Equity Rates |
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Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Branches
River Bank & Trust branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
River Bank & Trust Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 440.98 | A | View Lobby Hours | |
| 522.43 | B | View Lobby Hours | |
| 522.93 | C | View Lobby Hours | |
| 542.06 | D | View Lobby Hours | |
| 548.54 | E | View Lobby Hours | |
| 549.60 | F | View Lobby Hours | |
| 552.70 | G | View Lobby Hours | |
| 552.75 | H | View Lobby Hours |
Climate Policy and Initiatives
River Bank & Trust is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
River Bank & Trust Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of River Bank & Trust. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| River Bank & Trust | U.S. Bank Average |
|---|---|
| 4.4% | 4.48% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2024, River Bank & Trust had $12,303,000 in non-current loans and $66,000 in owned real estate. To cover these potential losses it had $250,294,000 in equity and $30,916,000 in loans loss reserves. That gives it a Texas Ratio of 4.4%.
Return on Equity
| River Bank & Trust | U.S. Bank Average |
|---|---|
| 11.81% | 10.46% |
River Bank & Trust has a Return on Equity of 11.81% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| River Bank & Trust | U.S. Bank Average |
|---|---|
| 7.31% | 10.84% |
River Bank & Trust has a Capitalization of 7.31% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
River Bank & Trust Balance Sheet Analysis
As of June 30, 2024, River Bank & Trust had assets of $3,424,646,000, loans of $2,328,582,000, and deposits of $2,945,437,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 171.74 million |
| Interest-bearing balances | $ 120.27 million |
| Total securities | $ 720.95 million |
| Federal funds sold and reverse repurchase | $ 10.00 million |
| Net loans and leases | $ 2.33 billion |
| Loan loss allowance | $ 30.92 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.07 million |
| Goodwill and other intangibles | $ 28.99 million |
| All other assets | $ 89.61 million |
| Total Assets | $ 3.17 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 2.95 billion |
| Interest-bearing deposits | $ 2.30 billion |
| Deposits held in domestic offices | $ 2.95 billion |
| % insured (estimated) | 59.01% |
| Federal funds purchased and repurchase agreements | $ 15.32 million |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 20.00 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 11.90 million |
| Total Liabilities | $ 3.17 billion |
| Shareholders’ Equity | $ 250.29 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 80.90 million |
| Total Interest Expense | $ 35.63 million |
| Net interest income | $ 45.27 million |
| Provision for loan and lease losses | $ 2.64 million |
| Total non interest income | $ 7.88 million |
| Total non interest expense | $ 30.38 million |
| Pre-tax Net Operating Income | $ 22.08 million |
Bank Loan Profile?
The top three loan types in River Bank & Trust’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.
Compared to other banks, River Bank & Trust’s loan portfolio does not show any specific loan specialty.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 20.51 | ✓ | ||
| Multifamily Mortgages |
0.34 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.45 | ✓ | ||
| Small Business Loans | 10.70 | ✓ | ||
| Construction and Development Loans | 10.35 | ✓ | ||
| Commercial Real Estate | 17.06 | ✓ | ||
| Commercial and Industrial Loans | 7.04 | ✓ | ||
| Farm Loans | 1.72 | ✓ | ||
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