Rio Grande Savings and Loan Association

901 1st Avenue
Monte Vista, CO 81144

Notable Rates APY Vs.Others
Savings 0.10% 1.90% →
1-Year CD 0.76% 1.90% →
2-Year CD 0.86% 1.95% →
5-Year CD N.A. 2.00% →
30-Year Mortgage N.A. 3.14% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.50% →

2020 Overview

General Bank Information

Rio Grande Savings and Loan Association is an FDIC insured institution located in Monte Vista, CO. It was founded in 1905 and has approximately $0.11 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 28315
Date Established 1905
Assets $ 111.23 million
Loans $ 92.06 million
Deposits $ 98.90 million
Capital $ 12.13 million
 

For a more detailed analysis of Rio Grande Savings and Loan Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 10, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $25 - Learn MoreShow Less
Money Market
0.06% $2,500 $9,999 Learn MoreShow Less
Money Market
0.10% $10,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.26% $500 $249,999 Learn MoreShow Less
6 Mo CD
0.71% $500 $249,999 Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.76% $500 $250,000 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $25 $2,499 Learn MoreShow Less
Int Ckg
0.04% $2,500 $9,999 Learn MoreShow Less

Loan Rates - April 10, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Rio Grande Savings and Loan Association

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.542% 4.500% 0.00 $1,250 $1,267 Learn More
Rocket Mortgage
NMLS ID: 3030
4.167% 4.125% 0.00 $1,250 $1,212 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Rio Grande Savings and Loan Association
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Branches

Rio Grande Savings and Loan Association 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:
Seattle,Washington


Rio Grande Savings and Loan Association Locations


Financial Details

Rio Grande Savings and Loan Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Rio Grande Savings and Loan Association. 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
Rio Grande Savings and Loan Association U.S. Bank Average
13.52% 6.51%

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 December 31, 2019, Rio Grande Savings and Loan Association had $1,500,000 in non-current loans and $259,000 in owned real estate. To cover these potential losses it had $12,134,000 in equity and $875,000 in loans loss reserves. That gives it a Texas Ratio of 13.52%.

Return on Equity
Rio Grande Savings and Loan Association U.S. Bank Average
1.94% 9.41%

Rio Grande Savings and Loan Association has a Return on Equity of 1.94% versus the BestCashCow average of 9.41%. 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
Rio Grande Savings and Loan Association U.S. Bank Average
10.91% 12.82%

Rio Grande Savings and Loan Association has a Capitalization of 10.91% versus the BestCashCow average of 12.82. 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.

Rio Grande Savings and Loan Association Balance Sheet Analysis

As of December 31, 2019, Rio Grande Savings and Loan Association had assets of $111,226,000, loans of $92,058,000, and deposits of $98,900,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 5.11 million
Interest-bearing balances $ 4.17 million
Total securities $ 7.19 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 92.06 million
Loan loss allowance $ 0.88 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.26 million
Goodwill and other intangibles N.A.
All other assets $ 3.85 million
     Total Assets $ 99.09 million
LIABILITIES
Total deposits $ 98.90 million
      Interest-bearing deposits $ 82.84 million
      Deposits held in domestic offices $ 98.90 million
      % insured (estimated) 90.63%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.19 million
      Total Liabilities $ 99.09 million
      Shareholders’ Equity $ 12.13 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 4.71 million
Total Interest Expense $ 0.62 million
Net interest income $ 4.10 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 0.37 million
Total non interest expense $ 4.14 million
Pre-tax Net Operating Income $ 0.29 million

Bank Loan Profile?

The top three loan types in Rio Grande Savings and Loan Association’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Colorado, Rio Grande Savings and Loan Association has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 67.96
Multifamily
Mortgages
0.92
Credit Card Loans 0.00
Consumer Auto Loans 1.77
Small Business Loans 10.73
Construction and Development Loans 1.62
Commercial Real Estate 12.97
Commercial and Industrial Loans 1.83
Farm Loans 3.47

Frequently Asked Questions About Rio Grande Savings And Loan Association

Branches and Savings

Is Rio Grande Savings And Loan Association FDIC insured?

Yes. It is covered under FDIC Certificate #28315.

Why does Rio Grande Savings And Loan Association pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Rio Grande Savings And Loan Association CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Rio Grande Savings And Loan Association a commercial bank?

Yes

Where are Rio Grande Savings And Loan Association locations?

See branch locations nearby.

Is Rio Grande Savings And Loan Association open on Saturdays?

Is Rio Grande Savings And Loan Association open on Sundays?

What time does Rio Grande Savings And Loan Association open?

What time does Rio Grande Savings And Loan Association close?

Are Rio Grande Savings And Loan Association ATMs Open 24/7?

Do Rio Grande Savings And Loan Association ATMs accept cash deposits?

Can Rio Grande Savings And Loan Association customers use other ATMs?

Do Rio Grande Savings And Loan Association branches have notaries?

Will Rio Grande Savings And Loan Association notarize my document?

What address for Rio Grande Savings And Loan Association should I put for incoming ACH transfers?

Will the Rio Grande Savings And Loan Association branch print checks?

Do Rio Grande Savings And Loan Association checks expire?

Does Rio Grande Savings And Loan Association require US citizenship to open account?

Can Rio Grande Savings And Loan Association close my account?

Does Rio Grande Savings And Loan Association Report to credit bureaus?

Does Rio Grande Savings And Loan Association Use Equifax?

What is Rio Grande Savings And Loan Association's ACH Routing Number?

What is Rio Grande Savings And Loan Association's SWIFT code?

Products

Does Rio Grande Savings And Loan Association offer mortgages?

Compare mortgage rates here.

Does Rio Grande Savings And Loan Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Rio Grande Savings And Loan Association offer personal loans?

Compare personal loan rates here.

Does Rio Grande Savings And Loan Association offer student loans?

Will Rio Grande Savings And Loan Association cash a check?

Will Rio Grande Savings And Loan Association redeem a savings bond?

Does Rio Grande Savings And Loan Association cash savings bonds?

Will Rio Grande Savings And Loan Association cash money orders?

Can Rio Grande Savings And Loan Association issue a money order?

Does Rio Grande Savings And Loan Association do currency exchange?

Background on The Bank

Who owns Rio Grande Savings And Loan Association?

How long has Rio Grande Savings And Loan Association been around?

Can Rio Grande Savings And Loan Association transfer to other banks?

Does Rio Grande Savings And Loan Association have quick pay?

Does Rio Grande Savings And Loan Association accept rolled coins?

Will Rio Grande Savings And Loan Association accept loose change?

Where is Rio Grande Savings And Loan Association headquarters?

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