Rivers Edge Bank

Headquarters

211 N Broadway Ave
Marion, SD 57043
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.65% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

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.

Deposit Rates - December 24, 2024

Your Current Location: Ohio, OH 43085


Loan Rates - December 24, 2024

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:




Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MBMB.850089.000
6.750% 6.625%
1.00 points
$4,141 fees
$2,049 Learn More
Sebonic
NMLS ID: 66247
6.804% 6.750%
0.50 points
$1,770 fees
$2,076 Learn More
Advantage Lending
NMLS ID: 2592312
License#: RM.805266.000
6.966% 6.875%
0.50 points
$3,145 fees
$2,103 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.977% 6.875%
0.88 points
$3,334 fees
$2,103 Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR 6.990 %
After Intro: 6.990 %
$0 Learn More
More Info
Rate
Rate
See Table
Intro APR 7.900 %
After Intro: 7.900 %
$25,000 Learn More
More Info
Achieve Loans
Achieve Loans
See Table
Intro APR 10.625 %
After Intro: 10.625 %
$0 Learn More
More Info

Note to Rivers Edge Bank
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Branches

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


Rivers Edge Bank Locations around zip code 43085




Climate Policy and Initiatives

Rivers Edge Bank 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

Rivers Edge Bank Ratio Analysis

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.

Texas Ratio
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%.

Return on Equity
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.

Capitalization
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.

Rivers Edge Bank Balance Sheet Analysis

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.

Summary Balance Sheet

June 30, 2024
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

Summary Income Statement

June 30, 2024
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

Bank Loan Profile?

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


  • 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


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