Reliance Bank in Faribault, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Reliance Bank - Overview

  • General
  • FDIC Certificate #: 58602
    Status: Active
    Federal Reserve ID: 3596250
    Bank Holding Company (Regulatory Top Holder): Reliance Bancorporation, Inc. (RSSDID: 3596269, Location: Faribault, MN)
    Date Established: August 13, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 458046
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 13, 2007
    Last Structure Change Effective Date: April 16, 2009
    Last Structure Change Process Date: April 16, 2009
    Last Data Update: April 16, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 2300 30th Street Northwest, Faribault, MN 55021
    County: Rice
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Faribault-Northfield, MN (#22060)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $61.4 mil
    Equity capital: $7.9 mil
    Deposits held in domestic offices: $53.1 mil
    Return on assets (ROA): 0.20% ($0.1 mil)
    Quarterly return on assets: -0.77% (-$0.5 mil)
    Return on Equity (ROE): 1.54% ($0.1 mil)
    Quarterly return on equity: -5.83% (-$0.5 mil)
    Net income: $0.1 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.20% ($122.8 mil)
    Quarterly Pretax return on assets: -0.77% (-$472.9 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $61,411Total assets
  • $5,202Cash and due from depository institutions
  • $2,425Interest-bearing balances
  • $9,491Securities
  • $1,000Federal funds sold & reverse repurchase agreements
  • $40,787Net loans & leases
  • $1,288Loan loss allowance
  • $0Trading account assets
  • $2,484Bank premises and fixed assets
  • $1,112Other real estate owned
  • $0Goodwill and other intangibles
  • $61,411Life insurance assets
  • $1,335All other assets
  • $53,462Total liabilities and capital
  • $53,092Total liabilities
  • $47,757Total deposits
  • $53,092Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $370Subordinated debt
  • $7,949All other liabilities
  • $7,949Total equity capital
  • $7,949Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $8,764Surplus
  • $-915Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,369Income earned, not collected on loans
  • $0Earning assets
  • $217Long-term assets (5+ years)
  • $53,703Average Assets, year-to-date
  • $10,666Average Assets, quarterly
  • $60,621Volatile liabilities
  • $60,990Insider loans
  • $49,377FHLB advances
  • $60,662Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,642Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,132Restructured Loans and leases
  • $1,605Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,971Total interest income
  • $720Total interest expense
  • $2,251Net interest income
  • $537Provision for loan and lease losses
  • $341Total noninterest income
  • $0Fiduciary activities
  • $47Service charges on deposit accounts
  • $0Trading account gains & fees
  • $294Additional noninterest income
  • $1,949Total noninterest expense
  • $823Salaries and employee benefits
  • $253Premises and equipment expense
  • $873Additional noninterest expense
  • $106Pre-tax net operating income
  • $16Securities gains (losses)
  • $1Applicable income taxes
  • $121Income before extraordinary items
  • $0Extraordinary gains - net
  • $121Net income attributable to bank
  • $0Net charge-offs
  • $121Cash dividends
  • $544Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.52%Yield on earning assets
  • 1.34%Cost of funding earning assets
  • 4.18%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 3.62%Noninterest expense to earning assets
  • 0.17%Net operating income to assets
  • 0.20%Return on assets (ROA)
  • 0.20%Pretax return on assets
  • 1.54%Return on equity (ROE)
  • 1.54%Retained earnings to average equity (YTD only)
  • 1.23%Net charge-offs to loans
  • 98.71%Credit loss provision to net charge-offs
  • 1.18%Efficiency ratio
  • 75,193Assets per employee
  • 5.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.06%Loss allowance to noncurrent loans
  • 94.08%Noncurrent assets plus other real estate owned to assets
  • 4.04%Noncurrent loans to loans
  • 3.25%Net loans and leases to deposits
  • 76.82%Net loans and leases to core deposits
  • 83.21%Equity capital to assets
  • 12.94%Core capital (leverage) ratio
  • 12.60%Tier 1 risk-based capital ratio
  • 15.48%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $60,621Average earning assets
  • $7,858Average equity
  • $53,817Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0458046Reliance Bank2300 30th Street Northwest, Faribault, MN 55021August 13, 2007Full Service Brick and Mortar

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