Riverstone Bank, Financial Information

AboutRiverstone Bank

 Address:
223 Main St
Talmage,NE
Otoe County,Nebraska
 Established:
Sep 1884
 Number of domestic offices:
2
Agriculture bank
Total assets$119M
Net income$2M
Net income,quarterly$2M
Total deposits$102M
Domestic deposits$102M
Equity capital$10M
ROA2.68%
ROAQ,quarterly5.19%
ROA,pretax5.19%
ROAQ,quarterly,pretax5.19%
ROE34.09%
ROEQ,quarterly63.64%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The bank opened on July 19, 1884. The first office opened in the Chicago Lumberyard. In September 1885 the bank’s assets were sold to The Bank of Talmage, and the name was changed to "The Bank of Talmage". By the fall of 1885, it was successfully operating under a capital of $20,000 with a surplus of $4,000. A substantial bank building was erected in 1886.

In 1912 the bank was remodeled into the current structure it holds today. Because of the need for new technology and more office space, the bank was remodeled again with an addition in 1993. The Bank of Talmage became affiliated with Randolph State Bank, of Randolph, Iowa in the 1990’s. In 2005 both the Bank of Talmage and the Randolph State Bank changed their name to Tri-Valley Bank to reflect their common ownership. In 2009 the bank celebrated their 125th Anniversary. On October 15, 2009 the bank was sold to a group of investors from Nebraska including the current President, TiAnn Allen, and the name was changed to Tri Valley Bank.

Checking accounts are free. There is no service charge for direct debits or credits through the Automated Clearinghouse system (ACH). You may apply for a debit card to use with your checking account. If your application is accepted, you may incur charges from use of the debit card. Such charges are disclosed in a separate statement upon application for a debit card.

At Tri Valley Bank savings accounts are free. Tri Valley Bank offers Agriculture, Real Estate, Vehicle, Commercial/Business, or Personal Loans.

Tri Valley Bank
223 Main St, Talmage
NE 68448
402.264.2795