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Reliance Bank (MN)


Overview / Commentary
www.reliancebankmn.com
507-331-2493
2300 30th Street Northwest
Faribault, MN 55021

Reliance Bank (MN) is headquartered in Faribault and is the 104th largest bank in the state of Minnesota. It is also the 3,076th largest bank in the nation. It was established in 2007 and as of December of 2020, it had grown to 27 employees at 1 location. Reliance Bank (MN) has an A health rating.

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Health
A

Data as of Q4 2020

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Health Grade Components

Overall
FDIC Certificate #58602
Year Established2007
Employees27
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.11%
Return on Equity - YTD11.55%
Annual Interest Income$8.1MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$196.8MM$155.7MM
LoansQ4 2020vs Q4 2019$132.7MM$121.5MM
DepositsQ4 2020vs Q4 2019$173.7MM$133.1MM
Equity CapitalQ4 2020vs Q4 2019$18.1MM$16.0MM
Loan Loss AllowanceQ4 2020vs Q4 2019$1.9MM$1.6MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$540.00K$1.9MM
Real Estate OwnedQ4 2020vs Q4 2019$56.00K$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Reliance Bank (MN) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*-$25kReliance Really Green Savings
OTHER TIERS: 0.10% → $25k+
0.05%$100-Reliance Savings
0.05%--Reliance Youth Savings

Reliance Bank (MN) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$30k*-Reliance Money Management
OTHER TIERS: 0.10% → $5k - $15k | 0.20% → $15k - $30k
0.15%*$30k*-Reliance Money Market
OTHER TIERS: 0.05% → $5k - $15k | 0.10% → $15k - $30k

Reliance Bank (MN) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.76%*-$25kReliance Really Green Checking - Qualifying
OTHER TIERS: 0.05% → $25k+
0.05%$1k-Reliance Checking
0.05%$1k-Reliance Community Service Checking

Reliance Bank (MN) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$1k-42 Month CD
0.65%$1k-27 Month CD
0.60%$1k-15 Month CD
0.50%$1k-3 Year CD
0.45%$1k-2 Year CD
0.40%$1k-1 Year CD
0.40%$1k-18 Month CD
0.25%$1k-180 Day CD

Reliance Bank (MN) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$1k-42 Month IRA
0.65%$1k-27 Month IRA
0.60%$1k-15 Month IRA
0.50%$1k-3 Year IRA
0.45%$1k-2 Year IRA
0.40%$1k-1 Year IRA
0.40%$1k-18 Month IRA
0.25%$1k-180 Day IRA
Locations


Reliance Bank (MN) Locations
Reliance Bank2300 30th Street NorthwestFaribault, MN 55021

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