Reliance Bank: how it compares with its peers
Against 90 MN banks with half to twice its assets, Reliance Bank's strongest measure in Q2 2026 is assets per employee ($8.1M vs. a $7.4M peer median). Its weakest relative measure is return on assets (0.84% vs. 1.35%).
| Measure | Reliance Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.84% | 1.35% | Bottom third Ahead of 14% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.88% | 3.97% | Middle third Ahead of 46% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 73.15% | 61.31% | Bottom third Ahead of 20% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.1M | $7.4M | Middle third Ahead of 64% of peers |
| Loans to deposits Net loans and leases over total deposits. | 85.84% | 80.80% | Context |
What it means for lending operations
Its efficiency ratio of 73.15% is above the 61.31% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Ultima Bank Minnesota Winger, MN · $334M
- Farmers and Merchants State Bank of Pierz Pierz, MN · $336M
- Woodlands National Bank Hinckley, MN · $331M
- VIKING BANK, NATIONAL ASSOCIATION Alexandria, MN · $330M
- The State Bank of Faribault Faribault, MN · $329M
- Citizens Bank & Trust Co. Hutchinson, MN · $329M
Questions about Reliance Bank
How big is Reliance Bank?
Reliance Bank, established in 2007, is headquartered in Faribault, MN. It reported $334M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Reliance Bank's return on assets?
0.84% annualized in Q2 2026, against a 1.35% median for 90 MN banks with half to twice its assets, ahead of 14% of them.
What is Reliance Bank's efficiency ratio?
73.15% in Q2 2026: it spent about 73 cents in noninterest expense for each dollar of revenue. The peer median is 61.31%, and lower is better.
Is Reliance Bank growing its loans?
Net loans grew 5.4% over the year to Q2 2026, while deposits grew 9.4%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MN banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Minnesota bank ranked.