Red Rock Bank


Overview / Commentary
507-648-3871
100 S Main St
Sanborn, MN 56083

Red Rock Bank is headquartered in Sanborn and is the 252nd largest bank in the state of Minnesota. It is also the 5,021st largest bank in the nation. It was established in 1901 and as of June 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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Health
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

Overall
FDIC Certificate #1386
Year Established1901
Employees8
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.24%
Return on Equity - YTD11.33%
Annual Interest Income$808.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$38.7MM$36.7MM
LoansQ2 2019vs Q2 2018$23.3MM$20.1MM
DepositsQ2 2019vs Q2 2018$30.2MM$32.6MM
Equity CapitalQ2 2019vs Q2 2018$4.4MM$4.0MM
Loan Loss AllowanceQ2 2019vs Q2 2018$275.00K$245.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$68.00K$0
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Red Rock Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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

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

Red Rock Bank Money Market Rates

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

Red Rock Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$500-Security Interest Checking

Red Rock Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations


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

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