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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 102nd largest bank in the state of Minnesota. It is also the 2,968th largest bank in the nation. It was established in 2007 and as of March of 2022, it had grown to 30 employees at 1 location. Reliance Bank (MN) has an A+ health rating.

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Health
A+

Data as of Q1 2022

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Health Grade Components

Overall
FDIC Certificate #58602
Year Established2007
Employees30
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.23%
Return on Equity - YTD13.03%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$219.8MM$200.0MM
LoansQ1 2022vs Q1 2021$161.6MM$147.5MM
DepositsQ1 2022vs Q1 2021$199.8MM$177.0MM
Equity CapitalQ1 2022vs Q1 2021$19.5MM$18.7MM
Loan Loss AllowanceQ1 2022vs Q1 2021$2.6MM$2.0MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$52.00K$514.00K
Real Estate OwnedQ1 2022vs Q1 2021$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Reliance Bank (MN); 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.

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
1.75%$1k-42 Month CD
1.50%$1k-27 Month CD
1.05%$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
1.75%$1k-42 Month IRA
1.50%$1k-27 Month IRA
1.05%$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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