Riverland Bank Financial Reports
Quarter Ended: 2024-09-30
Data Updated on: 11/22/2024
Riverland Bank is a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) located in Jordan, MN. Established on 10/20/2005, the bank is regulated by the FDIC and has 2 domestic offices. It operates in the Minneapolis-St. Paul-Bloomington, MN-WI.
The bank has 27 employees and holds $213,722k in total assets. With a focus on community banking, the bank has been serving its customers since 10/20/2005.
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Riverland Bank Institution Profile
| Established Date | 10/20/2005 | Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) |
| Primary Regulator | FDIC | Number of Domestic Offices | 2 |
| Number of Foreign Offices | 0 | Number of US Offices | 0 |
| Number of Employees | 27 | Directly owned by another bank (CERT) | No |
| Community Bank | Yes | ZIP | 55352 |
| Ownership Type | Not Mutual | City | Jordan |
| State Alpha code | MN | State and County Number | 27139 |
| Subchapter S Corporations | Yes | Trust Powers | Trust Powers Not Known |
| Federal Reserve ID Number | 9 | Federal Reserve ID Number Description | MINNEAPOLIS |
| Office of The Comptroller District: | CENTRAL DISTRICT | Office of Thrift Supervision Region | West |
| Last Structure Change Effective Date | 08/31/2022 | Date of Deposit Insurance | 10/20/2005 |
| Primary Insurance Agency | DIF |
Institution Profile Overview
Delve into the foundational details of Riverland Bank with our “Institution Profile” table. The 10/20/2005 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC), the bank operates under the oversight of FDIC, ensuring compliance and regulatory adherence.
2 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Jordan, MN, and 55352 provide geographic context. Explore these attributes to gain a holistic view of Riverland Bank in the financial landscape.
Riverland Bank Financials
(USD, in thousands)
| Total Assets | $213,722 | Total Liabilities | $188,523 |
| Total Equity Capital | $25,199 | Total Deposits | $177,708 |
| Net Loans and Leases | $187,708 | Total Interest Income | $3,277 |
| Total Noninterest Income | $42 | Total Interest Expense | $1,601 |
| Total Noninterest Expense | $1,404 | Tier 1 Risk-Based Capital Ratio | 0.00% |
| Net Loans and Leases to Core Deposits | N/A | Return on Assets | 0.56% |
| Return on Equity | 4.77% | Efficiency Ratio | 81.72% |
Financial Performance Overview
Gain a comprehensive perspective on Riverland Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $213,722k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $188,523k and total equity capital at $25,199k.
Delve into key operational metrics, including total deposits of $177,708k, net loans and leases at $188k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 0, and Return on Assets at 0.56. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.
This detailed financial overview is designed to enhance your understanding of Riverland Bank’s performance and competitive positioning within the financial industry.
Riverland Bank Additional Financial Information
(USD, in thousands)
| Earnings Coverage of Net Loan Charge-Offs(x) | N/A | Net Loans and Leases to Core Deposits | N/A |
| Tier 1 Risk-Based Capital Ratio | 0.00% | Securities Gains (Losses) | $0 |
| Goodwill and Other Intangibles | N/A | Cost of Funding Earning Assets | 0.00% |
| Yield on Earning Assets | 6.30% | Total Interest Income | $3,277 |
| Applicable Income Taxes | $0 | Loss Allowance to Loans and Leases | 1.21% |
| Net Loans and Leases | $187,708 | Loss Allowance to Noncurrent Loans and Leases | 263.79% |
| Noncurrent Loans to Loans | 0.46% | Net Income Attributable to Bank and Noncontrolling Interests | $298 |
| Net Interest Income | $1,676 | Net Interest Margin | 3.22% |
| Net Operating Income to Assets | 0.56% | Noninterest Income to Average Assets | 0.08% |
| Total Noninterest Income | $42 | Noninterest Expense to Average Assets | 2.64% |
| Total Noninterest Expense | $1,404 | Net Charge-Offs to Loans and Leases | 0.00% |
| All Other Assets | N/A | Other Real Estate Owned | $506 |
| Other borrowed funds | $9,000 | Pre-tax Net Operating Income | $298 |
| Pretax Return on Assets | 0.56% | Return on Assets | 0.56% |
| Retained Earnings to Average Equity (YTD only) | N/A |
Insights into Financial Metrics
Enhance your understanding of Riverland Bank‘s financial standing through our Additional Financial Information table. Explore key metrics such as Net Loans and Leases: $187,708k and Net Interest Income $1,676k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 0 for in-depth insights into capital adequacy and risk management strategies.
Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income: $42k and evaluate operational efficiency using metrics like Efficiency Ratio: 81.72. This nuanced financial overview empowers a comprehensive analysis of Riverland Bank‘s strategic financial position and performance in the industry.
Frequently Asked Questions (FAQs)
What is the asset size of Riverland Bank?
The asset size of Riverland Bank is approximately $213,722k, reflecting the bank’s scale and market presence.
How does the loan-to-deposit ratio of Riverland Bank compare to industry benchmarks?
The loan-to-deposit ratio is a crucial measure of the bank’s financial health. For Riverland Bank, this ratio stands at
105.63% (please calculate and adjust this logic based on real data retrieval), compared to industry averages typically ranging from 80% to 90%.
What is the capital adequacy ratio for Riverland Bank?
The Tier 1 Risk-Based Capital Ratio, a key indicator of the bank’s financial stability, is 0.
What is the net interest margin of Riverland Bank, and how has it trended over the past year?
The current net interest margin is 3.22. Historical trends would require a more detailed analysis over the past quarters, which can be provided upon request.
What is the percentage of non-performing loans on Riverland Bank’s balance sheet?
The percentage of non-performing loans is an important metric indicating asset quality. For Riverland Bank, this stands at 0.4579.
Are there any recent regulatory changes that could impact Riverland Bank’s operations?
Regulatory environments are dynamic. Specific recent changes would require further detailed scanning of regulatory updates impacting Riverland Bank. For tailored insights, please consult our expert or access our detailed reports.
What is the history of Riverland Bank?
Riverland Bank was established on 10/20/2005. It has been serving the community for several decades, continuously adapting to the changing financial landscape. For a detailed history, please refer to the bank’s about page.
Is Riverland Bank FDIC insured?
Yes, Riverland Bank is FDIC insured, ensuring that deposits are protected up to the applicable limits. This underlines the bank’s commitment to maintaining customer trust and financial security.
What is the routing number for Riverland Bank in OK?
The routing number for Riverland Bank in Oklahoma is not available. It’s recommended to verify with the bank directly for transactions.
How big is Riverland Bank?
Riverland Bank is a significant player in the financial sector with total assets valued at $213,722k and a network of 2 domestic offices.
Is Riverland Bank a local bank?
Riverland Bank is often considered a local bank due to its strong community focus and local market presence, despite having a broader operational reach. This combination allows it to serve local communities effectively while benefiting from larger-scale operations.
This table provides key financial information about Riverland Bank. Get more data about Riverland Bank on Visbanking Report Portal.