Reliance State Bank, Financial Information

About Reliance State Bank

 Address:
606 Broad Street
Story City, IA
Story County, Iowa
 Established:
Jan 1928
 Number of domestic offices:
2
Agriculture bank
Total assets$259M
Net income$3M
Net income, quarterly$1M
Total deposits$222M
Domestic deposits$222M
Equity capital$30M
ROA1.07%
ROAQ, quarterly1.14%
ROA, pretax1.14%
ROAQ, quarterly, pretax1.45%
ROE9.0%
ROEQ, quarterly9.75%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Randall State Bank was chartered in 1928 by founder, J.H. Brekken and local investors. With dedication and commitment it grew, continuing to add products and services that met the needs of customers, agriculture and business. In 1964, Carroll B. Kinseth purchased controlling interest in the bank. The Pioneer Building, a Story City landmark, was purchased and renovated in 1972 and remains the current Story City location.

he bank was renamed Randall-Story State Bank. The bank became an affiliate of Ames National Corporation in 1995. An extensive renovation of the bank's facade was completed in 2004. In April 2012, the bank expanded into the Garner and Klemme communities and changed the bank name to Reliance State Bank.

The mission of Reliance State Bank is to be a community minded bank by giving friendly, courteous service that meets the needs of the customer, to be involved in community betterment and provide a knowledgeable staff to carry out these responsibilities.

Story City
606 Broad St., PO Box 278
Story City, IA 50248
Phone: 515.733.4396 or 800.535.2169
Fax: 515.733.2068
Reliance State Bank's Time & Temperature Weatherfone® 515.733.5151
(Includes Community Announcements & Weather-Related School Announcements)

Lobby Hours
Monday-Thursday 9 am-4 pm
Friday 9 am-5 pm
Saturday 9 am-11am
Drive-up Hours
Monday - Friday 8 am-5 pm
Saturday 8 am-11:30