Rivers Edge Bank is an FDIC insured institution located in Marion, SD. It was founded in 1904 and has approximately $0.3 billion in assets. Customers can open an account at one of its 6 branches.
FDIC Insured | Yes |
FDIC Certificate | # 9935 |
Date Established | 1904 |
Assets | $ 301.24 million |
Loans | $ 210.10 million |
Deposits | $ 269.42 million |
Capital | $ 24.59 million |
For a more detailed analysis of Rivers Edge Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Your Current Location: Ohio, OH 43085
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Rivers Edge Bank
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Lender | APR | Rate (%) | Monthly Payment |
Learn More |
---|---|---|---|---|
NMLS ID: 2890 License#: MBMB.850089.000 |
6.750% |
6.625% 1.00 points $4,141 fees |
$2,049 | Learn More |
NMLS ID: 66247 |
6.804% |
6.750% 0.50 points $1,770 fees |
$2,076 | Learn More |
NMLS ID: 2592312 License#: RM.805266.000 |
6.966% |
6.875% 0.50 points $3,145 fees |
$2,103 | Learn More |
NMLS ID: 1025894 |
6.977% |
6.875% 0.88 points $3,334 fees |
$2,103 | Learn More |
Lender | APR (%)? | Monthly Payment? | Learn More |
---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
6.990 %
After Intro: 6.990 % |
$0 |
Learn More
More Info |
Rate See Table |
Intro APR
7.900 %
After Intro: 7.900 % |
$25,000 |
Learn More
More Info |
Achieve Loans See Table |
Intro APR
10.625 %
After Intro: 10.625 % |
$0 |
Learn More
More Info |
Note to Rivers Edge Bank
To upload and update your bank's rates please register.
It is free to register and add rates.
Rivers Edge Bank 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
Branch | Distance | Map | View Lobby Hours |
---|---|---|---|
744.86 | A | View Lobby Hours | |
786.03 | B | View Lobby Hours | |
792.83 | C | View Lobby Hours | |
800.60 | D | View Lobby Hours | |
815.00 | E | View Lobby Hours | |
819.22 | F | View Lobby Hours |
Rivers Edge Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
or use your BestCashCow account
The following ratios and data are available to help you better understand the financial condition of Rivers Edge Bank. 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.
Rivers Edge Bank | U.S. Bank Average |
---|---|
0.9% | 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, Rivers Edge Bank had $241,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $24,592,000 in equity and $2,317,000 in loans loss reserves. That gives it a Texas Ratio of 0.9%.
Rivers Edge Bank | U.S. Bank Average |
---|---|
5.5% | 10.46% |
Rivers Edge Bank has a Return on Equity of 5.5% 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.
Rivers Edge Bank | U.S. Bank Average |
---|---|
8.16% | 10.84% |
Rivers Edge Bank has a Capitalization of 8.16% 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.
As of June 30, 2024, Rivers Edge Bank had assets of $301,244,000, loans of $210,102,000, and deposits of $269,417,000. 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.
ASSETS | |
---|---|
Cash & Balances due from depository institutions | $ 6.73 million |
Interest-bearing balances | $ 2.06 million |
Total securities | $ 72.08 million |
Federal funds sold and reverse repurchase | N.A. |
Net loans and leases | $ 210.10 million |
Loan loss allowance | $ 2.32 million |
Trading account assets | N.A. |
Bank premises and fixed assets | N.A. |
Other real estate owned | N.A. |
Goodwill and other intangibles | $ 3.71 million |
All other assets | $ 3.31 million |
Total Assets | $ 276.65 million |
LIABILITIES | |
---|---|
Total deposits | $ 269.42 million |
Interest-bearing deposits | $ 225.09 million |
Deposits held in domestic offices | $ 269.42 million |
% insured (estimated) | 76.36% |
Federal funds purchased and repurchase agreements | N.A. |
Trading liabilities | N.A. |
Other borrowed funds | $ 7.47 million |
Subordinated debt | N.A. |
All other liabilities | $ 0.49 million |
Total Liabilities | $ 276.65 million |
Shareholders’ Equity | $ 24.59 million |
INCOME AND EXPENSES | |
---|---|
Total Interest Income | $ 7.72 million |
Total Interest Expense | $ 3.43 million |
Net interest income | $ 4.29 million |
Provision for loan and lease losses | $ 0.08 million |
Total non interest income | $ 0.22 million |
Total non interest expense | $ 3.75 million |
Pre-tax Net Operating Income | $ 1.06 million |
The top three loan types in Rivers Edge Bank’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and 1-4 Family Residential Loans.
Compared to other banks, Rivers Edge Bank’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 | 6.82 | ✓ | ||
Multifamily Mortgages |
0.70 | ✓ | ||
Credit Card Loans | 0.00 | ✓ | ||
Consumer Auto Loans | 1.99 | ✓ | ||
Small Business Loans | 5.01 | ✓ | ||
Construction and Development Loans | 2.88 | ✓ | ||
Commercial Real Estate | 3.36 | ✓ | ||
Commercial and Industrial Loans | 11.62 | ✓ | ||
Farm Loans | 26.12 | ✓ |
Customer Reviews for Rivers Edge Bank
TroyWatkins#77
September 19, 2020
Horrible customer service they'll close your account just because you have upset them if you say something they don't like then they won't even tell you what the reason that they are closing account I wouldn't recommend it to anyone they closed my account in middle of the week when I was 2 hours away from home for my job and didn't have any gas to get back home so my mom had to drive 2hrs to give me some gas money this bank doesn't give a shit about you at all
Is this review helpful? Yes:0 / No: 0
Add Your Review
or use your BestCashCow account