Reliance Bank in Faribault, Minnesota (MN)

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Reliance Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal 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)
Total employees (full-time equivalent)12
Total assets$61,411
Cash and due from depository institutions$5,202
Interest-bearing balances$2,425
Federal funds sold & reverse repurchase agreements$1,000
Net loans & leases$40,787
Loan loss allowance $1,288
Trading account assets$0
Bank premises and fixed assets$2,484
Other real estate owned$1,112
Goodwill and other intangibles$0
All other assets$1,335
Life insurance assets$61,411
Total liabilities and capital$53,462
Total liabilities$53,092
Total deposits$47,757
Interest-bearing deposits$53,092
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $370
All other liabilities $7,949
Total equity capital$7,949
Total bank equity capital$7,949
Perpetual preferred stock$0
Common stock$100
Undivided profits $-915
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,369
Earning assets $0
Long-term assets (5+ years) $217
Average Assets, year-to-date $53,703
Average Assets, quarterly $10,666
Volatile liabilities $60,621
Insider loans $60,990
FHLB advances $49,377
Loans and leases held for sale $60,662
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,642
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $5,132
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,971
Total interest expense $720
Net interest income $2,251
Provision for loan and lease losses $537
Total noninterest income $341
Fiduciary activities $0
Service charges on deposit accounts $47
Trading account gains & fees $0
Additional noninterest income $294
Total noninterest expense $1,949
Salaries and employee benefits $823
Premises and equipment expense $253
Additional noninterest expense $873
Pre-tax net operating income $106
Securities gains (losses) $16
Applicable income taxes $1
Income before extraordinary items $121
Extraordinary gains - net $0
Net income attributable to bank $121
Net charge-offs $0
Cash dividends $121
Sale, conversion, retirement of capital stock, net $544
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.52%
Cost of funding earning assets 1.34%
Net interest margin 4.18%
Noninterest income to earning assets 0.63%
Noninterest expense to earning assets 3.62%
Net operating income to assets 0.17%
Return on assets (ROA) 0.20%
Pretax return on assets 0.20%
Return on equity (ROE) 1.54%
Retained earnings to average equity (YTD only) 1.54%
Net charge-offs to loans 1.23%
Credit loss provision to net charge-offs 98.71%
Efficiency ratio1.18%
Assets per employee$75,193
Cash dividends to net income (YTD only)5.12%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.06%
Noncurrent assets plus other real estate owned to assets 94.08%
Noncurrent loans to loans 4.04%
Net loans and leases to deposits3.25%
Net loans and leases to core deposits 76.82%
Equity capital to assets 83.21%
Core capital (leverage) ratio 12.94%
Tier 1 risk-based capital ratio 12.60%
Total risk-based capital ratio 15.48%
Average assets$17
Average earning assets$60,621
Average equity $7,858
Average loans $53,817
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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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