Rio Bank Mortgage Rates, Fees & Info

McAllen, TX

LEI: 5493007MVCEU8QCNWC60

Tax ID: 74-2331408

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Rio Bank is a smaller bank specializing in various types of mortgages.

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Originations

Origination Dollar Volume (All Markets)

Employee count

195

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Rio Bank	1000 N. Westgate Drive Weslaco, TX 78596	Full Service B&M	$36,604
Rio Bank	1655 North 23rd Street Mcallen, TX 78502	Full Service B&M	$146,301
Rio Bank	3401 Old Hwy. 77 Brownsville, TX 78520	Full Service B&M	$22,826
Rio Bank	401 North Bentsen Palm Drive Mission, TX 78572	Full Service B&M	$31,390
Rio Bank	401 West Fm 495 San Juan, TX 78589	Full Service B&M	$21,638
Rio Bank	4120 N. Mccoll Road Mcallen, TX 78504	Full Service B&M	$25,095
Rio Bank	601 S Stuart Place Rd Harlingen, TX 78552	Full Service B&M	$15,282
Rio Bank	720 E. Jackson Ave. Mcallen, TX 78501	Full Service B&M	$10,133

For 2018, Rio Bank had 8 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$21,179
Net interest income	$18,512
Total noninterest income	$4,042
Gross Fiduciary activities income	$55
Service charges on deposit accounts	$2,021
Trading account gains and fees	$0
Additional Noninterest Income	$1,966
Pre-tax net operating income	$3,873
Securities gains (or losses, -)	$-123
Income before extraordinary items	$3,001
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$3,001
Minority interest net income	$0
Net income	$3,001
Sale, conversion, retirement of capital stock, net	$185
Net operating income	$3,099

Rio Bank's gross interest income from loans was $21,179,000.
Rio Bank's net interest income from loans was $18,512,000.
Rio Bank's fee based income from loans was $2,021,000.
Rio Bank's net income from loans was $3,001,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$2,667
Provision for credit losses	$300
Total noninterest expense	$18,381
Salaries and employee benefits	$9,043
Premises and equipment expense	$2,550
Additional noninterest expense	$6,788
Applicable income taxes	$749
Net charge-offs	$-39
Cash dividends	$750

Rio Bank's interest expense for loans was $2,667,000.
Rio Bank's payroll and benefits expense were $9,043,000.
Rio Bank's property, plant and equipment expenses $2,550,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	0.0%
Real Estate loans	1.0%
Construction & Land Development loans	1.0%
Nonfarm, nonresidential loans	0.0%
Multifamily residential loans	13.0%
1-4 family residential loans	1.0%
HELOC loans	0.0%
All other family	1.0%
Commercial & industrial loans	0.0%
Personal loans	0.0%
Credit card loans	0.0%
Other individual loans	0.0%
Auto loans	3.0%
Other consumer loans	0.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$452,235
Deposits held in domestic offices	$452,235
Deposits by Individuals, partnerships, and corporations	$405,111
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$44,398
Deposits by Commercial banks and other depository institutions in U.S.	$2,726
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$199,432
Demand deposits	$158,600
Nontransaction accounts	$252,803
Money market deposit accounts (MMDAs)	$119,980
Other savings deposits (excluding MMDAs)	$30,722
Total time deposits	$102,102
Total time and savings deposits	$293,635
Noninterest-bearing deposits	$158,600
Interest-bearing deposits	$293,635
Retail deposits	$430,221
IRAs and Keogh plan accounts	$6,756
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$521,914
Cash & Balances due from depository institutions	$23,155
Interest-bearing balances	$9,447
Total securities	$110,603
Federal funds sold & reverse repurchase	$0
Net loans and leases	$336,864
Loan and leases loss allowance	$2,900
Trading account assets	$0
Bank premises and fixed assets	$29,460
Other real estate owned	$843
Goodwill and other intangibles	$9,760
All other assets	$11,229

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$521,914
Total Liabilities	$468,044
Total deposits	$452,235
Interest-bearing deposits	$293,635
Deposits held in domestic offices	$452,235
% insured (estimated)	$76
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$14,078
Subordinated debt	$0
All other liabilities	$1,731

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$336,864
Loan and leases loss allowance	$2,900
Total loans and leases (domestic)	$339,764
All real estate loans	$246,916
Real estate loans in domestic offices	$246,916
Construction and development loans	$44,590
Residential 1-4 family construction	$12,526
Other construction, all land development and other land	$32,064
Loans secured by nonfarm nonresidential properties	$132,489
Nonfarm nonresidential secured by owner-occupied properties	$55,123
Commercial real estate & other non-farm, non-residential	$77,366
Multifamily residential real estate	$7,241
1-4 family residential loans	$45,402
Farmland loans	$17,194
Loans held in foreign offices	$0
Farm loans	$9,607
Commercial and industrial loans	$69,995
To non-U.S. addressees	$0
Loans to individuals	$9,999
Credit card loans	$0
Related Plans	$172
Consumer Auto Loans	$2,181
Other loans to individuals	$7,646
All other loans & leases	$3,247
Loans to foreign governments and official institutions	$0
Other loans	$3,204
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$0
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$982
Non 1-4 family restructured loans & leases	$982
Total loans and leases (foreign)	$0

Rio Bank had $336,864,000 of loans outstanding in 2018. $246,916,000 of loans were in real estate loans. $44,590,000 of loans were in development loans. $7,241,000 of loans were in multifamily mortgage loans. $45,402,000 of loans were in 1-4 family mortgage loans. $9,607,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,181,000 of loans were in the auto loan category.

Small Business Loans

Categorization	# of Loans in Category	$ amount of loans (in 000's)	Average $/loan
Nonfarm, nonresidential loans - <$1MM	406	$75,057	$184,869
Nonfarm, nonresidential loans - <$100k	140	$7,518	$53,700
Nonfarm, nonresidential loans - $100-250k	150	$21,284	$141,893
Nonfarm, nonresidential loans - $250k-1MM	116	$46,255	$398,750
Commercial & Industrial, US addressed loans - <$1MM	738	$40,287	$54,589
Commercial & Industrial, US addressed loans - <$100k	642	$15,304	$23,838
Commercial & Industrial, US addressed loans - $100-250k	50	$6,716	$134,320
Commercial & Industrial, US addressed loans - $250k-1MM	46	$18,267	$397,109
Farmland loans - <$1MM	104	$10,800	$103,846
Farmland loans - <$100k	49	$2,276	$46,449
Farmland loans - $100-250k	42	$5,758	$137,095
Farmland loans - $250k-1MM	13	$2,766	$212,769
Agriculture operations loans - <$1MM	54	$3,526	$65,296
Agriculture operations loans - <$100k	38	$1,114	$29,316
Agriculture operations loans - $100-250k	7	$759	$108,429
Agriculture operations loans - $250k-1MM	9	$1,653	$183,667