RiverBank

202 E. Spokane Falls Boulevard, Suite 500
Spokane, WA 99202

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58322
Date Established 2006
Assets $0.13 billion
Loans $0.10 billion
Deposits $0.11 billion
Capital $0.01 billion

RiverBank is an FDIC insured institution located in Spokane, WA. It was founded in 2006 and has approximately $0.13 billion in assets. Customers can open an account at one of its 3 branches.

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

Bank Loan Profile?

The top three loan types in RiverBank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Washington, RiverBank has a significantly higher percent of Multifamily Mortgages 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 14.79
Multifamily
Mortgages
14.07
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 0.00
Construction and Development Loans 8.62
Commercial Real Estate 37.58
Commercial and Industrial Loans 16.48
Farm Loans 3.39

Deposit Rates - August 20, 2018

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.10% $1,000 $24,999 Learn MoreShow Less
3 Mo CD 100K
0.40% $100,000 - Learn MoreShow Less
6 Mo CD 10K
0.45% $1,000 $24,999 Learn MoreShow Less
6 Mo CD 100K
0.70% $100,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.90% $1,000 $24,999 Learn MoreShow Less
Special: 12 Mo FIRA
1.50% $5,000 $250,000 Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.21% $1 $9,999 Learn MoreShow Less
MM 10K
0.30% $10,000 $24,999 Learn MoreShow Less
MM 25K
0.40% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $1 $4,999 Learn MoreShow Less

Loan Rates - August 20, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for RiverBank

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Ally Bank
NMLS ID: 181005
4.551% 4.500% 0.25 $1,594 $1,267 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.325% 4.250% 0.50 $2,354 $1,230 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.250% 5.250% 0.00 $0 $1,381 Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More
Flagstar Bank 5.740% $291.47 Learn More

Note to RiverBank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

RiverBank 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:
Ashburn,Virginia


RiverBank Locations

Financial Details

RiverBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of RiverBank. 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
RiverBank U.S. Bank Average
10.79% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 March 31, 2018, RiverBank had $479,000 in non-current loans and $1,181,000 in owned real estate. To cover these potential losses it had $13,438,000 in equity and $1,947,000 in loans loss reserves. That gives it a Texas Ratio of 10.79%.

Return on Equity
RiverBank U.S. Bank Average
7.84% 9.35%

RiverBank has a Return on Equity of 7.84% versus the BestCashCow average of 9.35%. 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
RiverBank U.S. Bank Average
10.14% 12.01%

RiverBank has a Capitalization of 10.14% versus the BestCashCow average of 12.01. 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.

RiverBank Balance Sheet Analysis

As of March 31, 2018, RiverBank had assets of $132,535,000, loans of $104,458,000, and deposits of $113,789,000. 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

ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.02 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.10 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.12 billion
LIABILITIES
Total deposits $0.11 billion
      Interest-bearing deposits $0.08 billion
      Deposits held in domestic offices $0.11 billion
      % insured (estimated) 62.82%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.12 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Riverbank

Branches and Savings

Is Riverbank FDIC insured?

Yes. It is covered under FDIC Certificate #58322.

Why does Riverbank pay such low interest on savings accounts?

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

Why are Riverbank CD rates not competitive?

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

Is Riverbank a commercial bank?

Yes

Where are Riverbank locations?

See branch locations nearby.

Is Riverbank open on Saturdays?

Is Riverbank open on Sundays?

What time does Riverbank open?

What time does Riverbank close?

Are Riverbank ATMs Open 24/7?

Do Riverbank ATMs accept cash deposits?

Can Riverbank customers use other ATMs?

Do Riverbank branches have notaries?

Will Riverbank notarize my document?

What address for Riverbank should I put for incoming ACH transfers?

Will the Riverbank branch print checks?

Do Riverbank checks expire?

Does Riverbank require US citizenship to open account?

Can Riverbank close my account?

Does Riverbank Report to credit bureaus?

Does Riverbank Use Equifax?

What is Riverbank's ACH Routing Number?

What is Riverbank's SWIFT code?

Products

Does Riverbank offer mortgages?

Compare mortgage rates here.

Does Riverbank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Riverbank offer personal loans?

Compare personal loan rates here.

Does Riverbank offer student loans?

Will Riverbank cash a check?

Will Riverbank redeem a savings bond?

Does Riverbank cash savings bonds?

Will Riverbank cash money orders?

Can Riverbank issue a money order?

Does Riverbank do currency exchange?

Background on The Bank

Who owns Riverbank?

How long has Riverbank been around?

Can Riverbank transfer to other banks?

Does Riverbank have quick pay?

Does Riverbank accept rolled coins?

Will Riverbank accept loose change?

Where is Riverbank headquarters?

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