Rio Bank in Mcallen, Texas (TX)



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Table of contents:
Rio Bank
GeneralFDIC Certificate #: 25886
Status: Active
Federal Reserve ID: 956750
Bank Holding Company (Regulatory Top Holder): Rio Financial Services, Inc. (RSSDID: 3193033, Location: Mcallen, TX)
Date Established: Febuary 11, 1985
WWW: http://www.riobk.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Domestic: 7, Interstate: No)
FDIC's unique #: 32129
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: Febuary 11, 1985
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 1655 North 23rd Street, Mcallen, TX 78502
County: Hidalgo
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Houston
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): McAllen-Edinburg-Mission, TX (#4880)
Core Based Statistical Area (CBSA): McAllen-Edinburg-Mission, TX (#32580)
CBSA Metro Statistical Area: McAllen-Edinburg-Mission, TX (#32580)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $206.9 mil
Equity capital: $20.8 mil
Deposits held in domestic offices: $173.8 mil
Return on assets (ROA): 0.58% ($1.2 mil)
Quarterly return on assets: 0.76% ($1.6 mil)
Return on Equity (ROE): 5.97% ($1.3 mil)
Quarterly return on equity: 7.56% ($1.6 mil)
Net income: $1.2 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 0.85% ($1,758.3 mil)
Quarterly Pretax return on assets: 1.11% ($2,296.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)76
Total assets$206,856
Cash and due from depository institutions$18,568
Interest-bearing balances$13,230
Securities$42,454
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$121,298
Loan loss allowance $1,825
Trading account assets$0
Bank premises and fixed assets$13,786
Other real estate owned$5,313
Goodwill and other intangibles$0
All other assets$5,437
Life insurance assets$206,856
Total liabilities and capital$186,050
Total liabilities$173,775
Total deposits$137,204
Interest-bearing deposits$173,775
Deposits held in domestic offices$86
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$11,373
Other borrowed funds $0
Subordinated debt $902
All other liabilities $20,806
Total equity capital$20,806
Total bank equity capital$20,806
Perpetual preferred stock$0
Common stock$2,981
Surplus$12,101
Undivided profits $5,724
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,848
Earning assets $0
Long-term assets (5+ years) $1,143
Average Assets, year-to-date $176,982
Average Assets, quarterly $39,110
Volatile liabilities $206,205
Insider loans $206,307
FHLB advances $145,984
Loans and leases held for sale $205,836
Unused loan commitments $2,021
Tier 1 (core) risk-based capital $2,021
Tier 2 risk-based capital $19,996
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,922
Derivatives$1,092
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,579
Total interest expense $2,455
Net interest income $9,124
Provision for loan and lease losses $450
Total noninterest income $1,248
Fiduciary activities $0
Service charges on deposit accounts $1,110
Trading account gains & fees $0
Additional noninterest income $138
Total noninterest expense $8,195
Salaries and employee benefits $3,963
Premises and equipment expense $1,847
Additional noninterest expense $2,385
Pre-tax net operating income $1,727
Securities gains (losses) $20
Applicable income taxes $556
Income before extraordinary items $1,191
Extraordinary gains - net $0
Net income attributable to bank $1,191
Net charge-offs $0
Cash dividends $1,191
Sale, conversion, retirement of capital stock, net $297
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.49%
Cost of funding earning assets 1.38%
Net interest margin 5.11%
Noninterest income to earning assets 0.70%
Noninterest expense to earning assets 4.59%
Net operating income to assets 0.57%
Return on assets (ROA) 0.58%
Pretax return on assets 0.85%
Return on equity (ROE) 5.97%
Retained earnings to average equity (YTD only) 5.97%
Net charge-offs to loans 0.24%
Credit loss provision to net charge-offs 151.52%
Efficiency ratio7.33%
Assets per employee$79,011
Cash dividends to net income (YTD only)2.72%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.48%
Noncurrent assets plus other real estate owned to assets 98.76%
Noncurrent loans to loans 3.46%
Net loans and leases to deposits1.50%
Net loans and leases to core deposits 69.80%
Equity capital to assets 71.04%
Core capital (leverage) ratio 10.06%
Tier 1 risk-based capital ratio 9.71%
Total risk-based capital ratio 13.70%
Memoranda
Average assets$15
Average earning assets$206,205
Average equity $19,957
Average loans $178,435
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7 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
032129Rio Bank1655 North 23rd Street, Mcallen, TX 78502Febuary 11, 1985Full Service Brick and Mortar
1258371Mcallen Branch4120 N. Mccoll Road, Mcallen, TX 78504September 30, 1996Full Service Brick and Mortar
2363562San Juan Branch401 West Fm 495, San Juan, TX 78589April 15, 2002Full Service Brick and Mortar
3365230Palmview Branch401 North Bentsen Palm Drive, Mission, TX 78572May 20, 2002Full Service Brick and Mortar
4447004Brownsville Branch3401 Old Hwy. 77, Brownsville, TX 78520November 07, 2005Full Service Brick and Mortar
5470262South Mcallen Branch720 E. Jackson Ave., Mcallen, TX 78501November 07, 2007Full Service Brick and Mortar
6493973Weslaco Branch1000 N. Westgate Drive, Weslaco, TX 78596August 17, 2009Full Service Brick and Mortar
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