Red Rock Bank

Overview / Commentary
100 S Main St
Sanborn, MN 56083

Red Rock Bank is headquartered in Sanborn and is the 249th largest bank in the state of Minnesota. It is also the 4,974th largest bank in the nation. It was established in 1901 and as of September of 2019, it had grown to 8 employees at 2 locations. Red Rock Bank's CD rates are 44% higher than the national average, and it has a B health rating.


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Red Rock Bank has a low asset base.

Health Grade Components

FDIC Certificate #1386
Year Established1901
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.24%
Return on Equity - YTD11.17%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$39.1MM$36.2MM
LoansQ3 2019vs Q3 2018$22.8MM$20.9MM
DepositsQ3 2019vs Q3 2018$30.4MM$32.1MM
Equity CapitalQ3 2019vs Q3 2018$4.5MM$4.0MM
Loan Loss AllowanceQ3 2019vs Q3 2018$282.00K$252.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$68.00K$0
Real Estate OwnedQ3 2019vs Q3 2018$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Red Rock Bank Savings Account Rates

0.45%*$1k*-Security Savings
OTHER TIERS: 0.35% Up to $1k

Red Rock Bank Money Market Rates

0.55%*$50k*-Security Money Market
OTHER TIERS: 0.45% $2.5k - $25k | 0.50% $25k - $50k

Red Rock Bank Checking Account Rates

0.20%$500-Security Interest Checking

Red Rock Bank CD Rates

2.01%$500-60 Month CD
1.81%$500-36 Month CD
1.46%$500-24 Month CD
1.46%$500-30 Month CD
1.30%$500-12 Month CD
1.30%$500-18 Month CD
1.15%$1k-182 Day CD
1.00%$2.5k-91 Day CD

Red Rock Bank Locations
Mills Resolute Bank100 S Main StSanborn, MN 56083
Springfield Branch2 South Marshall AvenueSpringfield, MN 56087

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