Profile: Reliant Bancorp Inc (RBNC.A)
8 Jul 2019
Reliant Bancorp, Inc., formerly Commerce Union Bancshares, Inc., incorporated on March 4, 2011, serves as the bank holding company for Reliant Bank. The Company has two segments: Retail Banking and Residential Mortgage Banking. Retail Banking provides deposit and lending services to consumer and business customers within its primary geographic markets. Its customers are serviced through branch locations, automated teller machines (ATMs), online banking and mobile banking. Residential Mortgage Banking originates first lien residential mortgage loans throughout the United States. These loans are typically underwritten to government agency standards and sold to third party secondary market mortgage investors. Reliant Bank, provides a full range of traditional banking services throughout the Middle Tennessee Region and the Nashville-Davidson-Murfreesboro-Franklin Metropolitan Statistical Area (the Nashville MSA).
Reliant Bank is a full-service community bank. Reliant Bank's principal business is banking, which consists of lending and deposit gathering (as well as other banking-related products and services) to businesses and individuals of the communities it serves, and the operational support to deliver, fund and manage such banking services. Reliant Bank provides a range of commercial banking services for businesses and individuals, including checking, savings and money market deposit accounts, certificates of deposit, and loans for consumers, commercial and real estate. Reliant Bank provides various loans, deposits and related services to its business customers, such as business checking, deposit products and services, business loans and lines of credit. Reliant Bank offers similar service to its consumers, including personal loans, checking, residential mortgage loans and mortgage refinancing, safe deposit boxes, debit cards, direct deposit and official bank checks. Reliant Bank primarily markets its services to small businesses and residents of its market area through its main office in Brentwood, Tennessee; a second branch office in Brentwood, Tennessee; a branch in Franklin, Tennessee; approximately two branches in Gallatin, Tennessee; a branch in Nashville, Tennessee; a branch in Springfield, Tennessee; mortgage locations in Brentwood and Hendersonville, Tennessee, and loan production offices in Bellevue and Murfreesboro, Tennessee. Reliant Bank's branches are located in Williamson, Davidson, Robertson and Sumner County, Tennessee.
The Company offers various loans, including commercial loans, industrial loans and agricultural loans; real estate loans, such as one- to four-family residential loans, multifamily and commercial loans, and construction, land development and farmland loans; Consumer loans, and other loans, which consist mainly of loans to other depository institutions. The Company's net loans are approximately $608.75 million.
The Company's investment securities consist of securities classified as available-for-sale, which include the United States Treasury and other United States Government agencies, state and municipal, corporate bonds, mortgage backed securities and time deposits. Its total securities available for sale are approximately $133.82 million.
Source of Fund
Deposits represent the Company's primary source of funds. The Company's total deposits are approximately $640.01 million.
Reliant Bancorp Inc
1736 Carouthers Pkwy Ste 100
BRENTWOOD TN 37027-8167