Reliance Bank (MN)

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.51%	Reward Checking	Reliance Really Green Checking 1.93% - National Average
0.75%	1-year CD	1 Year CD 2.10% - Goldman Sachs Bank USA High-yield 12 Month CD
0.10%	Savings	Reliance Savings 1.30% - Nationwide Bank Online Savings Account

View all Reliance Bank (MN) rates »

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 125^th largest bank in the state of Minnesota. It is also the 3,639^th largest bank in the nation. It was established in 2007 and as of December of 2017, it had grown to 23 employees at 1 location. Reliance Bank (MN)'s savings rates are 44% higher than the national average, and it has an A health rating.

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Health

A

Data as of Q4 2017

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Health Grade Components

Overall
FDIC Certificate #	58602
Year Established	2007
Employees	23
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.36%
Return on Equity - YTD	14.26%
Annual Interest Income	$5.5MM

Assets and Liabilities
Assets	Q4 2017vs Q4 2016	$140.1MM$121.2MM
Loans	Q4 2017vs Q4 2016	$109.9MM$89.5MM
Deposits	Q4 2017vs Q4 2016	$118.3MM$107.4MM
Equity Capital	Q4 2017vs Q4 2016	$12.9MM$11.4MM
Loan Loss Allowance	Q4 2017vs Q4 2016	$1.6MM$1.2MM
Unbacked Noncurrent Loans	Q4 2017vs Q4 2016	$616.00K$42.00K
Real Estate Owned	Q4 2017vs Q4 2016	$0$32.00K

Rates

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Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	-	$25k	Reliance Really Green Savings
OTHER TIERS: 0.10% → $25k+
0.10%	$100	-	Reliance Savings
0.10%	-	-	Reliance Youth Savings

Reliance Bank (MN) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	$30k^*	-	Reliance Money Market
OTHER TIERS: 0.15% → $5k - $15k \| 0.25% → $15k - $30k
0.30%^*	$30k^*	-	Reliance Money Management
OTHER TIERS: 0.15% → $5k - $15k \| 0.25% → $15k - $30k

Reliance Bank (MN) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.51%^*	-	$25k	Reliance Really Green Checking - Qualifying
OTHER TIERS: 0.10% → $25k+
0.10%	$1k	-	Reliance Checking
0.10%	$1k	-	Reliance Community Service Checking

Reliance Bank (MN) CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%	$1k	-	42 Month CD
1.75%	$1k	-	27 Month CD
1.50%	$1k	-	15 Month CD
1.25%	$1k	-	3 Years CD
1.00%	$1k	-	2 Years CD
0.85%	$1k	-	18 Months CD
0.75%	$1k	-	1 Year CD
0.35%	$1k	-	180 Days CD

Reliance Bank (MN) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%	$1k	-	42 Month IRA
1.75%	$1k	-	27 Month IRA
1.50%	$1k	-	15 Month IRA
1.25%	$1k	-	3 Year IRA
1.00%	$1k	-	2 Year IRA
0.85%	$1k	-	18 Months IRA
0.75%	$1k	-	1 Year IRA
0.35%	$1k	-	180 Days IRA

Locations

Reliance Bank (MN) Locations
Reliance Bank	2300 30th Street Northwest	Faribault, MN 55021

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