Riverland Bank in Jordan, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Riverland Bank - Overview

  • General
  • FDIC Certificate #: 58106
    Status: Active
    Federal Reserve ID: 3374234
    Bank Holding Company (Regulatory Top Holder): Riverland Bancorporation (RSSDID: 3374243, Location: Jordan, MN)
    Date Established: October 20, 2005
    WWW: http://www.riverlandbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 439881
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 20, 2005
    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
  • Location
  • Address: 700 Seville Drive, Jordan, MN 55352
    County: Scott
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $26.6 mil
    Equity capital: $0.6 mil
    Deposits held in domestic offices: $25.8 mil
    Return on assets (ROA): -2.58% (-$0.7 mil)
    Quarterly return on assets: -2.01% (-$0.5 mil)
    Return on Equity (ROE): -78.24% (-$0.8 mil)
    Quarterly return on equity: -74.91% (-$0.7 mil)
    Net income: -$0.8 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -2.58% (-$685.2 mil)
    Quarterly Pretax return on assets: -2.01% (-$533.8 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
  • 8Total employees (full-time equivalent)
  • $26,558Total assets
  • $5,032Cash and due from depository institutions
  • $3,503Interest-bearing balances
  • $1,933Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $16,312Net loans & leases
  • $959Loan loss allowance
  • $0Trading account assets
  • $412Bank premises and fixed assets
  • $2,600Other real estate owned
  • $0Goodwill and other intangibles
  • $26,558Life insurance assets
  • $269All other assets
  • $25,911Total liabilities and capital
  • $25,792Total liabilities
  • $22,925Total deposits
  • $25,792Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $119Subordinated debt
  • $647All other liabilities
  • $647Total equity capital
  • $647Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $4,600Surplus
  • $-4,453Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $490Income earned, not collected on loans
  • $35Earning assets
  • $85Long-term assets (5+ years)
  • $21,748Average Assets, year-to-date
  • $1,077Average Assets, quarterly
  • $30,733Volatile liabilities
  • $26,717Insider loans
  • $18,448FHLB advances
  • $26,446Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $653Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,278Restructured Loans and leases
  • $58Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,283Total interest income
  • $379Total interest expense
  • $904Net interest income
  • $100Provision for loan and lease losses
  • $89Total noninterest income
  • $0Fiduciary activities
  • $46Service charges on deposit accounts
  • $0Trading account gains & fees
  • $43Additional noninterest income
  • $1,740Total noninterest expense
  • $655Salaries and employee benefits
  • $270Premises and equipment expense
  • $815Additional noninterest expense
  • -$847Pre-tax net operating income
  • $53Securities gains (losses)
  • $0Applicable income taxes
  • -$794Income before extraordinary items
  • $0Extraordinary gains - net
  • -$794Net income attributable to bank
  • $0Net charge-offs
  • -$794Cash dividends
  • $65Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 1.49%Cost of funding earning assets
  • 3.56%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 6.86%Noninterest expense to earning assets
  • -2.76%Net operating income to assets
  • -2.58%Return on assets (ROA)
  • -2.58%Pretax return on assets
  • -78.24%Return on equity (ROE)
  • -78.24%Retained earnings to average equity (YTD only)
  • 0.33%Net charge-offs to loans
  • 153.85%Credit loss provision to net charge-offs
  • -11.49%Efficiency ratio
  • 175,227Assets per employee
  • 3.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.55%Loss allowance to noncurrent loans
  • 195.71%Noncurrent assets plus other real estate owned to assets
  • 11.63%Noncurrent loans to loans
  • 2.84%Net loans and leases to deposits
  • 63.24%Net loans and leases to core deposits
  • 64.89%Equity capital to assets
  • 2.44%Core capital (leverage) ratio
  • 2.47%Tier 1 risk-based capital ratio
  • 3.54%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $30,733Average earning assets
  • $1,015Average equity
  • $25,378Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0439881Riverland Bank700 Seville Drive, Jordan, MN 55352October 20, 2005Full Service Brick and Mortar

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