Rivers Edge Bank
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Data as of · sourced from FFIEC call reports. How we update
Rivers Edge Bank is an FDIC-insured commercial bank headquartered in Marion, SD, established in 1904 (FDIC certificate 9935), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $357.1M, up 12.4% from Q2 2025, the 26th largest of 56 banks headquartered in South Dakota. Its CET1 capital ratio was 10.33% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 9935
- Headquarters
- Marion, SD
- Established
- 1904
- Total assets, Q2 2026
- $357.1M
- Assets vs Q2 2025
- +12.4%
- CET1 ratio, Q2 2026
- 10.33%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 091402947
- Holding company
- FIRST STATE ASSOCIATES, INC.
- Asset rank in state
- 26th of 56 in South Dakota
Rivers Edge Bank operates with a thinner capital cushion than most banks of its size. The Marion, South Dakota bank had $357 million in assets at June 30, 2026, up 12.4% from a year earlier. It holds common equity equal to 10.33% of its risk-weighted assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 15.12%). It also grew its loan book 16.3% over the year, about triple the median of 5.5% for banks its size.
Earnings jumped: net income for the quarter was $1.5 million, 64% above the same quarter a year earlier. Over the same year, loans grew 16.3% and deposits grew 9.9%. Funding is the softer spot: it pays an average of 2.24% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
As of June 30, 2026, Rivers Edge Bank reported a CET1 capital ratio of 10.33%, a return on assets of 1.71%, a nonperforming-loan ratio of 0.16% and a Texas ratio of 1.35%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Rivers Edge Bank is the 26th largest of the 56 banks headquartered in South Dakota. From Q1 2026 to Q2 2026, its total assets rose 3.1% to $357.1M, loans rose 0.8% and deposits rose 4.2%. Agricultural production loans made up 38.4% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 25.0%. The FDIC Summary of Deposits lists 5 offices for it, in 5 cities across 2 states; its Marion office books 26% of its branch deposits. Judged on its Q2 2026 call report, Rivers Edge Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 211 N Broadway Ave, Marion, SD 57043
- County
- Turner
- Metro Area
- Sioux Falls, SD-MN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1904
- Former names
- Farmers State Bank (1938-2017)
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 33
- Domestic deposits
- $295.9M
- Allowance for credit losses
- $3.5M
- Net charge-offs (YTD)
- $80K
- Average total assets
- $355.5M
- Average total loans
- $272.7M
- Average interest-bearing deposits
- $244.1M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9935
- Fed RSSD
- 474450
- SEC CIK
- 1488537 → filed by FIRST STATE ASSOCIATES, INC.
- Website
- www.riversedge.bank →
- Parent Holding Company
- FIRST STATE ASSOCIATES, INC. (RSSD 2410582)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Rivers Edge Bank's total assets ranged from $289.8M (Q3 2023) to $357.1M (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$357.1M total assets against $317.6M; $324.6M total liabilities against $289.4M.
$270.1M net loans and leases against $232.4M; $295.9M total deposits against $269.1M.
$59.0M securities against $65.3M; $12.7M cash and balances due against $7.2M.
$5.2M total interest income against $4.4M; $1.8M total interest expense against $1.7M.
$3.4M net interest income against $2.7M.
$196K total noninterest income against $194K; $1.9M total noninterest expense against $1.7M.
$0 provision for credit losses against $215K.
$1.5M net income against $927K.
1.71% return on assets against 1.17%; 3.98% net interest margin against 3.63%.
10.33% CET1 capital ratio against 10.64%; 8.30% tier 1 leverage ratio against 8.16%.
Inside the full Rivers Edge Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeRivers Edge Bank rankings
Its closest position to the top of a national ranking is 881 of 3,611, for ROA; its furthest is 2,061 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.92% (Q3 2024) to 1.94% (Q4 2025) and its net interest margin ran from 3.05% (Q3 2024) to 4.04% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.33% | 1.71% | 0.16% | 1.35% | 3.98% |
| Q1 2026 | 10.15% | 1.21% | 0.15% | 1.33% | 3.98% |
| Q4 2025 | 10.44% | 1.94% | 0.16% | 1.37% | 4.04% |
| Q3 2025 | 10.28% | 1.33% | 0.08% | 0.70% | 3.94% |
| Q2 2025 | 10.64% | 1.17% | 0.09% | 0.77% | 3.63% |
| Q1 2025 | 10.81% | 1.15% | 0.09% | 0.82% | 3.38% |
| Q4 2024 | 10.68% | 1.14% | 0.11% | 0.96% | 3.27% |
| Q3 2024 | 10.76% | 0.92% | 0.11% | 0.89% | 3.05% |
Swipe the table sideways to see every column.
Branch Network
View all 5 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Rivers Edge Bank (main office) | Marion , SD | 57043 | $77.7M |
| Rivers Edge Bank Branch | Howard , SD | 57349 | $75.1M |
| Hawarden Br | Hawarden , IA | 51023 | $61.2M |
| Parker Branch | Parker , SD | 57053 | $48.8M |
| Bridgewater Branch | Bridgewater , SD | 57319 | $33.0M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| September 25, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 25, 2017 | Structure Change | Acquired Miner County Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 1, 1997 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 1997 | Structure Change | Acquired First State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in SD, rank 31 of 82 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 98 applications, 88 loans originated, $16.1M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $106K approved, $106K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2014 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Rivers Edge Bank
What are Rivers Edge Bank's total assets?
As of the Q2 2026 filing, Rivers Edge Bank reported total assets of $357.1 million in its FFIEC call report.
Where is Rivers Edge Bank headquartered?
It is headquartered in Marion, SD, United States.
When was Rivers Edge Bank founded?
It was established in 1904, per the FDIC institution directory.
Is Rivers Edge Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #9935). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Rivers Edge Bank?
Rivers Edge Bank's primary federal regulator is the FDIC.
What is Rivers Edge Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 10.33% in its Q2 2026 call report, above regulatory requirements.
How many branches does Rivers Edge Bank operate?
It operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Rivers Edge Bank's Texas Ratio?
Its Texas Ratio is 1.35% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Rivers Edge Bank previously called?
The charter now named Rivers Edge Bank has also operated as Farmers State Bank (1938-2017), per FDIC structure-change records.
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