Headquartered in Faribault, Minnesota, Reliance Bank is a state-chartered bank with $334.1M in total assets and $281.6M in deposits as of Q2 2026. It operates 1 office. Its charter dates back to 2007.
Reliance Bank has a TellerScore of 65 out of 100 (moderate) based on Q2 2026 data — higher than only 29% of its 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 147th. Problem-loan coverage contributes the most (95/100, 2.5%); capital cushion contributes the least (40/100, 8.98%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 12 points (53 → 65), mostly because the loan quality component improved by 35 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 48 |
| Q3 2024 | 52 |
| Q4 2024 | 53 |
| Q1 2025 | 53 |
| Q2 2025 | 53 |
| Q3 2025 | 53 |
| Q4 2025 | 62 |
| Q1 2026 | 62 |
| Q2 2026 | 65 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 9.25% |
| Q3 2024 | 9.08% |
| Q4 2024 | 9.07% |
| Q1 2025 | 9.02% |
| Q2 2025 | 8.92% |
| Q3 2025 | 9.01% |
| Q4 2025 | 8.74% |
| Q1 2026 | 8.78% |
| Q2 2026 | 8.98% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 1.24% |
| Q3 2024 | 1.02% |
| Q4 2024 | 0.95% |
| Q1 2025 | 1.21% |
| Q2 2025 | 1.28% |
| Q3 2025 | 1.30% |
| Q4 2025 | 0.27% |
| Q1 2026 | 0.26% |
| Q2 2026 | 0.25% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.25% |
| Q3 2024 | 0.34% |
| Q4 2024 | 0.44% |
| Q1 2025 | 0.75% |
| Q2 2025 | 0.71% |
| Q3 2025 | 0.68% |
| Q4 2025 | 0.72% |
| Q1 2026 | 0.70% |
| Q2 2026 | 0.84% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 65 | $334.1M | 8.98% | 0.25% | 0.84% | 85.8% |
| Q1 2026 | 62 | $331.2M | 8.78% | 0.26% | 0.70% | 88.7% |
| Q4 2025 | 62 | $324.6M | 8.74% | 0.27% | 0.72% | 89.2% |
| Q3 2025 | 53 | $316.5M | 9.01% | 1.30% | 0.68% | 94.3% |
| Q2 2025 | 53 | $305.1M | 8.92% | 1.28% | 0.71% | 89.1% |
| Q1 2025 | 53 | $300.1M | 9.02% | 1.21% | 0.75% | 92.1% |
| Q4 2024 | 53 | $294.6M | 9.07% | 0.95% | 0.44% | 95.4% |
| Q3 2024 | 52 | $284.0M | 9.08% | 1.02% | 0.34% | 94.0% |
| Q2 2024 | 48 | $273.7M | 9.25% | 1.24% | 0.25% | 96.7% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Ultima Bank MinnesotaBank Winger, MN | 72 out of 100, Strong | $333.9M | 10.8% | 0.62% | vs |
| Farmers and Merchants State Bank of PierzBank Pierz, MN | 69 out of 100, Moderate | $336.2M | 9.3% | 1.03% | vs |
| Woodlands National BankBank Hinckley, MN | 62 out of 100, Moderate | $331.0M | 11.2% | 1.42% | vs |
| Viking Bank, National AssociationBank Alexandria, MN | 70 out of 100, Strong | $330.3M | 9.2% | 0.53% | vs |
| The State Bank of FaribaultBank Faribault, MN | 71 out of 100, Strong | $329.2M | 9.3% | 0.13% | vs |
| Citizens Bank & Trust Co.Bank Hutchinson, MN | 69 out of 100, Moderate | $329.0M | 8.6% | 0.26% | vs |
Deposit insurance
Is my money safe at Reliance Bank?
Yes. Reliance Bank is an FDIC-insured institution (FDIC certificate #58602). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 26.3% of deposits ($74.0M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 8.98%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 13.03% (benchmark: 10%).
1 location
Branches
Reliance Bank lists 1 office in 1 city. Most locations:
- Faribault, MN (1)
Identity & history
Profile
- Legal name
- Reliance Bank
- Type
- State-chartered bank
- FDIC certificate #
- 58602
- RSSD ID
- 3596250
- Primary regulator
- FDIC
- Holding company
- Reliance Bcorp Inc
- Established
- August 13, 2007
- Headquarters
- 2300 30th St Nw, Faribault, MN 55021
- Website
- www.reliancebankmn.com
- Employees
- 41
Quick answers
Reliance Bank: common questions
Is Reliance Bank FDIC insured?
Yes. Reliance Bank is an FDIC-insured institution (FDIC certificate #58602). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Reliance Bank's TellerScore?
65 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Reliance Bank ever failed?
There is no failure record for FDIC certificate #58602 in the FDIC failed bank list.
How many branches does Reliance Bank have?
1 office as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Faribault
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Castle Rock BankBank Castle Rock, MN | 93 out of 100, Very strong | $293.5M | 14.2% | 0.01% | vs |
| Federated Employees Credit UnionCredit union Owatonna, MN | 82 out of 100, Strong | $66.7M | 13.2% | 0.19% | vs |
| Elysian BankBank Elysian, MN | 79 out of 100, Strong | $76.0M | 12.2% | 0.74% | vs |
| Premier Bank MinnesotaBank Hastings, MN | 77 out of 100, Strong | $691.5M | 10.0% | 0.04% | vs |
| First Farmers & Merchants BankBank Cannon Falls, MN | 77 out of 100, Strong | $486.4M | 10.1% | 0.01% | vs |
| Security State Bank of KenyonBank Kenyon, MN | 76 out of 100, Strong | $72.2M | 12.6% | 0.36% | vs |