Reliabank Dakota

211 North Main Street
Estelline, SD 57234
(800) 525-0399
www.reliabank.com

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Reliabank Dakota is headquartered in Estelline and is the 23^rd largest bank in the state of South Dakota. It is also the 2,569^th largest bank in the nation. It was established in 1920 and as of December of 2012, it had grown to 49 employees at 8 locations. Reliabank Dakota has a 5-star health rating.

Reliabank Dakota Routing Number: 091408035

New Special 55-Month CD at Reliabank Dakota - Now Only Available in South Dakota - 11/2/2010

When I last posted on Reliabank Dakota , they were offering a 3.05% 55-month CD special that was available nationwide. It appears they received too much demand. Just a day after the post, they cut the ...

Reliabank Dakota Cuts Reward Checking Rate (Forum) - 10/19/2010

I'm afraid we lost another 4 percent reward checking account. The new and old rates for Reliabank Dakota's Ultimate Checking: 3.50% APY for up to $25K (was 4.07%) 0.75% APY over $25K (was 1.01%) 0.10% base rate This account is now only available

Special 55-Month Online CD at Reliabank Dakota - Available Nationwide - 10/14/2010

Reliabank Dakota is offering a competitive long-term CD with a 3.05% APY for a 55-month term. Minimum deposit is $5,000. The special is listed in the bank's savings rates page as of 10/14/2010. As a c ...

Reliabank Dakota Increased Debit Card Usage Requirement (Forum) - 7/14/2010

The bank now requires customers to use their debit card 15 times a month (up from 12). At least they continue to offer the very competitive rate of 4.07% APY for balances up to $25K. They used to offer this account nationwide, but they restricted new acco

2010

2/25 - Reliabank Dakota's Reward Checking Account (Ultimate Checking) Is No Longer Available Nationwide (Forum)

2009

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See Rates for: Checking | Savings | Money Market

Reliabank Dakota Checking Account Rates

	Apy	Min	Max	Product
	1.01%	-	$25k	Ultimate Checking

Reliabank Dakota Savings Account Rates

Apy	Min	Max	Product
0.35%	-	-	Kid Club Special
0.10%	-	-	Kids Savings
0.10%	-	-	Passbook Savings
0.10%	-	-	Super Eagles Club

Reliabank Dakota Money Market Rates

	Apy	Min	Max	Product
	0.30%	$200k	-	Money Market Savings

Rates updated: 5/18/2013

Data for Q4 2012

Institution Statistics

Reliabank Dakota
FDIC Certificate #	16221
BankRate Report	View
Year Established	1920
Employees	49
Primary Regulator	FDIC
Assets and Liabilities
Assets	$250.48 million
Loans	$151.46 million
Deposits	$218.92 million
Equity Capital	$22.48 million
Loan Loss Allowance	$1.79 million
Unbacked Noncurrent Loans	$691,000
Real Estate Owned	$649,000
Historic Data - December 2011
Assets	$222.99 million
Equity Capital	$20.16 million
Loan Loss Allowance	$1.48 million
Unbacked Noncurrent Loans	$124,000
Real Estate Owned	$2.57 million
Profit Margin - Quarterly
Net Interest Margin	4%
Return on Assets	1.26%
Return on Equity	13.76%
Interest Income	$10.54 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Reliabank Dakota had $1.34 million in non-current loans and owned real-estate with $24.28 million in equity and loan loss allowances on hand to cover it. This gives Reliabank Dakota a Texas Ratio of 5.52% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Reliabank Dakota decreased significantly from 12.45% as of December 31, 2011 to 5.52% as of December 31, 2012, resulting in a positive change of 55.68%.This indicates that the balance sheet and financial strength for Reliabank Dakota has improved significantly in recent periods.
Deposit Growth
In the past year, Reliabank Dakota has increased its total deposits by $25.69 million, resulting in 13.29% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Reliabank Dakota has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Reliabank Dakota has $250.48 million in assets with $24.28 million in equity, resulting in a capitalization level of 9.69%, which is average.