Richland State Bank

Richland State Bank is headquartered in Bruce and is the 72^nd largest bank in the state of South Dakota. It is also the 6,820^th largest bank in the nation. It was established in 1927 and as of March of 2012, it had grown to 9 employees at 1 location. Richland State Bank's savings rates are 15% higher than the national average, and it boasts a 5-star health rating.

Richland State Bank Routing Number: 091404136

Richland State Bank Checking Account Rates

Richland State Bank Savings Account Rates

Richland State Bank Money Market Rates

Data for Q1 2012

Institution Statistics Richland State Bank FDIC Certificate # 1675 BankRate Report View Year Established 1927 Employees 9 Primary Regulator FDIC Assets and Liabilities Assets $34.92 million Loans $11.46 million Deposits $25.82 million Equity Capital $9.00 million Loan Loss Allowance $108,000 Historic Data - March 2011 Assets $31.32 million Equity Capital $8.06 million Loan Loss Allowance $109,000 Unbacked Noncurrent Loans $7,000 Profit Margin - Quarterly Net Interest Margin 3.22% Return on Assets 1.89% Return on Equity 7.55% Interest Income $327,000

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Richland State Bank had $0 in non-current loans and owned real-estate with $9.11 million in equity and loan loss allowances on hand to cover it. This gives Richland State Bank a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Deposit Growth In the past year, Richland State Bank has increased its total deposits by $2.65 million, resulting in 11.44% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Richland State Bank has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Richland State Bank has $34.92 million in assets with $9.11 million in equity, resulting in a capitalization level of 26.08%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.