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 4,843rd largest bank in the nation. It was established in 1901 and as of June of 2020, it had grown to 7 employees at 2 locations. Red Rock Bank 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 - YTD0.72%
Return on Equity - YTD6.28%
Annual Interest Income$800.00K
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$38.9MM$38.7MM
LoansQ2 2020vs Q2 2019$22.6MM$23.3MM
DepositsQ2 2020vs Q2 2019$34.0MM$30.2MM
Equity CapitalQ2 2020vs Q2 2019$4.7MM$4.4MM
Loan Loss AllowanceQ2 2020vs Q2 2019$276.00K$275.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$0$68.00K
Real Estate OwnedQ2 2020vs Q2 2019$18.00K$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

0.35%*$1k*-Security Savings
OTHER TIERS: 0.25% Up to $1k

Red Rock Bank Money Market Rates

0.45%*$50k*-Security Money Market
OTHER TIERS: 0.35% $2.5k - $25k | 0.40% $25k - $50k

Red Rock Bank Checking Account Rates

0.20%$500-Security Interest Checking

Red Rock Bank CD Rates

0.95%$500-36 Month CD
0.90%$500-30 Month CD
0.80%$500-18 Month CD
0.75%$500-60 Month CD
0.65%$500-12 Month CD
0.65%$500-24 Month CD
0.35%$2.5k-91 Day CD
0.35%$1k-182 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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