Reliance Bank

Overview / Commentary

814-949-6263

1119 Twelfth Street
Altoona, PA 16601

Reliance Bank is headquartered in ALTOONA and is the 62^nd largest bank in the state of Pennsylvania. It is also the 1,459^th largest bank in the nation. It was established in 1939 and as of June of 2024, it had grown to 86 employees at 8 locations. Reliance Bank's money market rates are 3X the national average, and it has a B+ health rating.

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2018
2009

2/9 - 18-Month CD, 2.25% APY

9/12 - 3.00% Reward Checking Account at Reliance Bank in Pennsylvania

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Health

B+

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #	30117
Year Established	1939
Employees	86
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.26%
Return on Equity - YTD	2.5%
Annual Interest Income	$14.4MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$638.7MM$644MM
Loans	Q2 2024vs Q2 2023	$435.7MM$413.1MM
Deposits	Q2 2024vs Q2 2023	$505.9MM$514.4MM
Equity Capital	Q2 2024vs Q2 2023	$68.5MM$62.2MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$5.6MM$4.7MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$4.3MM$439K
Real Estate Owned	Q2 2024vs Q2 2023	$33K$159K

Rates

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Savings
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 Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%	$50	-	Holiday Club
0.25%	$50	-	Vacation Club
0.25%	$5	-	Young Savers
0.15%^*	$2.5k^*	-	Statement Savings
OTHER TIERS: 0.05% → $100 - $2.5k

Reliance Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
4.85%^*	$500k^*	-	Destination Money Market Account
OTHER TIERS: 0.05% → $0 - $50 \| 0.10% → $50 - $5k \| 2.00% → $5k - $15k \| 2.90% → $15k - $500k
1.10%^*	$1m^*	-	Money Market Deposit Account
OTHER TIERS: 0.05% → $50 - $5k \| 0.10% → $5k - $15k \| 0.35% → $15k - $50k \| 0.50% → $50k - $100k \| 0.75% → $100k+ \| 1.00% → $500k - $1m

Reliance Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%^*	$100k^*	-	Estate Checking Account
OTHER TIERS: 0.20% → $0 - $35k \| 0.25% → $35k - $100k
0.25%^*	$0	$25k	Destination Checking
OTHER TIERS: 0.10% → $25k+

Reliance Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.95%	$500	-	7 Month Destination CD - New Money
4.40%	$2.5k	-	18 Month Destination CD - New Money
4.35%	$2.5k	-	7 Month CD
4.15%	$500	-	18 Month CD

Reliance Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.40%	$500	-	30 Month Fixed Rate IRA
0.20%	$500	-	18 Month Fixed Rate IRA

Locations

Reliance Bank Locations
North Atherton Branch	100 Hawbaker Industrial Drive	State College, PA 16803
Reliance Savings Bank	1119 12th St	Altoona, PA 16601
Meadows Branch	1254 Plank Rd	Duncansville, PA 16635
17th Street Branch	1921 Pleasant Valley Boulevard	Altoona, PA 16602
Plank Road Branch	226 W Plank Road	Altoona, PA 16602
Lakemont Branch	401 S. Logan Blvd	Altoona, PA 16602
Tyrone Branch	916 Pennsylvania Ave	Tyrone, PA 16686
Martinsburg Office Branch	3918 Cove Mountain Road	Martinsburg, PA 16662

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