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% (-$472.9 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
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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