Rivers Edge Bank


211 North Broadway
Marion, SD 57043
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Rivers Edge Bank is an FDIC insured institution located in Marion, SD. It was founded in 1904 and has approximately $0.26 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 9935
Date Established 1904
Assets $ 260.50 million
Loans $ 162.63 million
Deposits $ 215.34 million
Capital $ 23.88 million

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

Deposit Rates - October 24, 2021

Your Current Location: Virginia, VA 20146


Loan Rates - October 24, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Rivers Edge Bank

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 2021

Lender APR Rate (%) Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.736% 3.625%
0.88 points
$3,438 fees
$1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Rivers Edge Bank
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Climate Initiatives

Rivers Edge Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Rivers Edge Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Rivers Edge Bank. 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
Rivers Edge Bank U.S. Bank Average
9.95% 4.78%

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 June 30, 2021, Rivers Edge Bank had $2,574,000 in non-current loans and $48,000 in owned real estate. To cover these potential losses it had $23,878,000 in equity and $2,481,000 in loans loss reserves. That gives it a Texas Ratio of 9.95%.

Return on Equity
Rivers Edge Bank U.S. Bank Average
16.02% 11.29%

Rivers Edge Bank has a Return on Equity of 16.02% versus the BestCashCow average of 11.29%. 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.

Rivers Edge Bank U.S. Bank Average
9.17% 11.72%

Rivers Edge Bank has a Capitalization of 9.17% versus the BestCashCow average of 11.72. 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.

Rivers Edge Bank Balance Sheet Analysis

As of June 30, 2021, Rivers Edge Bank had assets of $260,501,000, loans of $162,628,000, and deposits of $215,338,000. 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

June 30, 2021
Cash & Balances due from depository institutions $ 34.67 million
Interest-bearing balances $ 30.91 million
Total securities $ 52.23 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 162.63 million
Loan loss allowance $ 2.48 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.05 million
Goodwill and other intangibles $ 3.71 million
All other assets $ 3.66 million
     Total Assets $ 236.62 million
Total deposits $ 215.34 million
      Interest-bearing deposits $ 169.83 million
      Deposits held in domestic offices $ 215.34 million
      % insured (estimated) 71.36%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 20.66 million
Subordinated debt N.A.
All other liabilities $ 0.62 million
      Total Liabilities $ 236.62 million
      Shareholders’ Equity $ 23.88 million

Summary Income Statement

June 30, 2021
Total Interest Income $ 4.99 million
Total Interest Expense $ 0.64 million
Net interest income $ 4.35 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.23 million
Total non interest expense $ 2.61 million
Pre-tax Net Operating Income $ 1.97 million

Bank Loan Profile?

The top three loan types in Rivers Edge Bank’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks, Rivers Edge Bank’s loan portfolio does not show any specific loan specialty.

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 9.27
Credit Card Loans 0.00
Consumer Auto Loans 1.93
Small Business Loans 2.91
Construction and Development Loans 3.60
Commercial Real Estate 4.36
Commercial and Industrial Loans 13.33
Farm Loans 31.87

Frequently Asked Questions About Rivers Edge Bank

Branches and Savings

Is Rivers Edge Bank FDIC insured?

Yes. It is covered under FDIC Certificate #9935.

Why does Rivers Edge Bank pay such low interest on savings accounts?

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

Why are Rivers Edge Bank CD rates not competitive?

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

Is Rivers Edge Bank a commercial bank?


Where are Rivers Edge Bank locations?

See branch locations nearby.

Is Rivers Edge Bank open on Saturdays?

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Are Rivers Edge Bank ATMs Open 24/7?

Do Rivers Edge Bank ATMs accept cash deposits?

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What address for Rivers Edge Bank should I put for incoming ACH transfers?

Will the Rivers Edge Bank branch print checks?

Do Rivers Edge Bank checks expire?

Does Rivers Edge Bank require US citizenship to open account?

Can Rivers Edge Bank close my account?

Does Rivers Edge Bank Report to credit bureaus?

Does Rivers Edge Bank Use Equifax?

What is Rivers Edge Bank's ACH Routing Number?

What is Rivers Edge Bank's SWIFT code?


Does Rivers Edge Bank offer mortgages?

Compare mortgage rates here.

Does Rivers Edge Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Rivers Edge Bank offer personal loans?

Compare personal loan rates here.

Does Rivers Edge Bank offer student loans?

Will Rivers Edge Bank cash a check?

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Does Rivers Edge Bank cash savings bonds?

Will Rivers Edge Bank cash money orders?

Can Rivers Edge Bank issue a money order?

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Background on The Bank

Who owns Rivers Edge Bank?

How long has Rivers Edge Bank been around?

Can Rivers Edge Bank transfer to other banks?

Does Rivers Edge Bank have quick pay?

Does Rivers Edge Bank accept rolled coins?

Will Rivers Edge Bank accept loose change?

Where is Rivers Edge Bank headquarters?

Customer Reviews for Rivers Edge Bank

  • September 19, 2020

    Horrible customer service they'll close your account just because you have upset them if you say something they don't like then they won't even tell you what the reason that they are closing account I wouldn't recommend it to anyone they closed my account in middle of the week when I was 2 hours away from home for my job and didn't have any gas to get back home so my mom had to drive 2hrs to give me some gas money this bank doesn't give a shit about you at all

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