Reliance Bank in Faribault, Minnesota (MN)
| Reliance Bank | |
|---|---|
| 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 WWW: http://www.reliancebankmn.com 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) |
| 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 |
| Securities | $9,491 |
| 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 |
| Surplus | $8,764 |
| Undivided profits | $-915 |
| Memoranda | |
| 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 |
| Derivatives | $1,605 |
| 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 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.52% |
| 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 ratio | 1.18% |
| 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 deposits | 3.25% |
| 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% |
| Memoranda | |
| Average assets | $17 |
| Average earning assets | $60,621 |
| Average equity | $7,858 |
| Average loans | $53,817 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 458046 | Reliance Bank | 2300 30th Street Northwest, Faribault, MN 55021 | August 13, 2007 | Full Service Brick and Mortar |  |
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