River Bank & Trust


River Bank & Trust is an FDIC insured institution headquartered at 2611 Legends Dr, Prattville, AL 36066.
It was founded in 2006 and has approximately $3 billion in assets. Customers can open an account at one of its 10 branches.

Deposit Rates - February 27, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58255
Date Established 2006
Assets $ 3.18 billion
Loans $ 2.10 billion
Deposits $ 2.78 billion
Capital $ 209.34 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 91.56 million
Interest-bearing balances $ 52.65 million
Total securities $ 730.55 million
Federal funds sold and reverse repurchase $ 58.00 million
Net loans and leases $ 2.10 billion
Loan loss allowance $ 27.83 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.52 million
Goodwill and other intangibles $ 29.41 million
All other assets $ 89.61 million
     Total Assets $ 2.97 billion

LIABILITIES
Total deposits $ 2.78 billion
      Interest-bearing deposits $ 2.13 billion
      Deposits held in domestic offices $ 2.78 billion
      % insured (estimated) 61.45%
Federal funds purchased and repurchase agreements $ 19.81 million
Trading liabilities N.A.
Other borrowed funds $ 20.00 million
Subordinated debt N.A.
All other liabilities $ 11.90 millionn
      Total Liabilities $ 2.97 billion
      Shareholders’ Equity $ 209.34 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 94.96 million
Total Interest Expense $ 34.88 million
Net interest income $ 60.08 million
Provision for loan and lease losses $ 3.93 million
Total non interest income $ 14.19 million
Total non interest expense $ 44.97 million
Pre-tax Net Operating Income $ 22.08 million

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