Overview / Commentary
Richland State Bank is headquartered in Bruce and is the 58th largest bank in the state of South Dakota. It is also the 5,125th largest bank in the nation. It was established in 1927 and as of March of 2019, it had grown to 10 employees at 1 location. Richland State Bank's money market rates are 36% higher than the national average, and it has a B health rating.
Health
B
Data as of Q1 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Richland State Bank has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1675 |
| Year Established | 1927 |
| Employees | 10 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 3.29% |
| Return on Equity - YTD | 25.11% |
| Annual Interest Income | $413.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $34.9MM$42.4MM |
| Loans | Q1 2019vs Q1 2018 | $12.6MM$13.9MM |
| Deposits | Q1 2019vs Q1 2018 | $30.2MM$32.9MM |
| Equity Capital | Q1 2019vs Q1 2018 | $4.6MM$9.4MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $77.00K$170.00K |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $6.00K$113.00K |
| Real Estate Owned | Q1 2019vs Q1 2018 | $0$0 |
Rates
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Richland State Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.70% | $10 | - | Passbook Saving Account |
Richland State Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.60% | $1k | - | Money Market Account |
Richland State Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.35% | $1k | - | Super Now Account | |
| 0.25% | $500 | - | Regular Now Account |
Locations
| Richland State Bank Locations | ||
|---|---|---|
| Richland State Bank | 602 First Street | Bruce, SD 57220 |