Overview / Commentary
100 S Main St
Sanborn, MN 56083

Red Rock Bank is headquartered in Sanborn and is the 262nd largest bank in the state of Minnesota. It is also the 5,209th largest bank in the nation. It was established in 1901 and as of September of 2018, it had grown to 9 employees at 2 locations. Red Rock Bank's money market rates are 25% 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 - YTD0.92%
Return on Equity - YTD7.43%
Annual Interest Income$920.00K
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$36.2MM$20.8MM
LoansQ3 2018vs Q3 2017$20.9MM$17.9MM
DepositsQ3 2018vs Q3 2017$32.1MM$15.6MM
Equity CapitalQ3 2018vs Q3 2017$4.0MM$3.2MM
Loan Loss AllowanceQ3 2018vs Q3 2017$252.00K$230.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$0$0
Real Estate OwnedQ3 2018vs Q3 2017$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

1.76%$500-60 Month CD
1.56%$500-36 Month CD
1.20%$500-24 Month CD
1.20%$500-30 Month CD
1.05%$500-12 Month CD
1.05%$500-18 Month CD
0.90%$1k-182 Day CD
0.75%$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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