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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 113th largest bank in the state of Minnesota. It is also the 3,147th largest bank in the nation. It was established in 2007 and as of September of 2021, 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 Q3 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #58602
Year Established2007
Employees27
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.86%
Return on Equity - YTD19.12%
Annual Interest Income$6.4MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$198.8MM$184.4MM
LoansQ3 2021vs Q3 2020$156.9MM$140.2MM
DepositsQ3 2021vs Q3 2020$176.0MM$157.6MM
Equity CapitalQ3 2021vs Q3 2020$20.7MM$17.4MM
Loan Loss AllowanceQ3 2021vs Q3 2020$2.4MM$1.8MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$298.00K$998.00K
Real Estate OwnedQ3 2021vs Q3 2020$0$56.00K
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
0.75%*-$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
0.70%$1k-42 Month CD
0.60%$1k-27 Month CD
0.50%$1k-3 Year CD
0.50%$1k-15 Month 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
0.70%$1k-42 Month IRA
0.60%$1k-27 Month IRA
0.50%$1k-3 Year IRA
0.50%$1k-15 Month 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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