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1119 Twelfth Street
Altoona, PA 16601

Reliance Bank is headquartered in Altoona and is the 87th largest bank in the state of Pennsylvania. It is also the 1,675th largest bank in the nation. It was established in 1939 and as of December of 2013, it had grown to 98 employees at 7 locations. Reliance Bank has a A+ health rating.

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Reviews (1)

New Management

The State College branch of this bank has new management and it is no longer the friendly place that it used to be.  It used to be a very friendly place, but that has changed.


Data for Q4 2013

Institution Health


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, 2013 Reliance Bank had $2.7 million in non-current loans and owned real-estate with $47.67 million in equity and loan loss allowances on hand to cover it. This gives Reliance Bank a Texas Ratio of 5.65% 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 Reliance Bank experienced no significant changes from 4.35% as of December 31, 2012 to 5.65% as of December 31, 2013, resulting in a negative change of 29.83%. This indicates that the balance sheet and financial strength for Reliance Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Reliance Bank has increased its total deposits by $19.04 million, resulting in 6.95% 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 Reliance Bank has shown is excellent.



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. Reliance Bank has $397.74 million in assets with $47.67 million in equity, resulting in a capitalization level of 11.99%, which is excellent.

Institution Statistics

FDIC Certificate #30117
Year Established1939
Primary RegulatorFDIC
Assets and Liabilities
Assets$397.74 million
Loans$299.02 million
Deposits$293.23 million
Equity Capital$44.08 million
Loan Loss Allowance$3.59 million
Unbacked Noncurrent Loans$2.28 million
Real Estate Owned$416,000
Historic Data - December 2012
Assets$382.24 million
Equity Capital$42.95 million
Loan Loss Allowance$3.37 million
Unbacked Noncurrent Loans$2.28 million
Real Estate Owned$322,000
Profit Margin - Quarterly
Net Interest Margin3.36%
Return on Assets0.59%
Return on Equity5.29%
Interest Income$13.98 million

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Reliance Bank Savings Account Rates

0.25%$50-Christmas Club
0.25%$50-Vacation Club
0.25%--Young Savers
0.15%$2,500-Statement Savings

Reliance Bank Money Market Rates

0.26%$25k-Mutual Advantage MMDA
0.25%$100k-Money Market Deposit Account

Reliance Bank Checking Account Rates

0.80%-$25kReward Checking
0.30%$100k-Estate Checking Account
0.25%$50k-Mutual Club Plus Checking
0.20%$50k-Traditions Checking
0.05%--Reward Checking

Reliance Bank CD Rates

1.15%$500-60 Month CD
1.00%$5k-36 Month Rate Plus CD
0.90%$500-48 Month CD
0.80%$500-36 Month CD
0.75%$5k-25 Month RatePlus CD
0.70%$500-30 Month CD
0.60%$500-24 Month CD
0.50%$500-18 Month CD
0.45%$2,500-18 Month Variable CD
0.45%$5k-24 Month Rate Plus CD
0.40%$500-12 Month CD
0.35%$2,500-12 Month Variable CD
0.25%$2,500-6 Month Variable CD
0.25%$500-6 Month CD
0.25%$500-9 Month CD
0.20%$500-91 Day CD

Reliance Bank IRA Rates

1.15%$500-60 Month Fixed Rate IRA (Traditional,Roth)
0.90%$500-48 Month Fixed Rate IRA (Traditional,Roth)
0.70%$500-30 Month Fixed Rate IRA (Traditional,Roth)
0.50%$500-18 Month Fixed Rate IRA (Traditional,Roth)
0.40%$500-12 Month Fixed Rate IRA (Traditional,Roth)

Reliance Bank Locations
North Atherton Branch100 Hawbaker Industrial DriveState College, PA 16803
Reliance Savings Bank1119 Twelfth StreetAltoona, PA 16601
Meadows Branch1254 Plank RdDuncansville, PA 16635
17th Street Branch1921 Pleasant Valley BoulevardAltoona, PA 16602
Plank Road Branch226 W Plank RoadAltoona, PA 16602
Lakemont Branch401 S. Logan BlvdAltoona, PA 16602
Tyrone Branch916 Pennsylvania AveTyrone, PA 16686