Overview / Commentary
605-627-5671
602 First Street
Bruce, SD 57220

Richland State Bank is headquartered in Bruce and is the 60th largest bank in the state of South Dakota. It is also the 5,208th largest bank in the nation. It was established in 1927 and as of June of 2018, 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.

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Health
Additional 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 Established1927
Employees10
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.42%
Return on Equity - YTD6.36%
Annual Interest Income$683.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$40.1MM$43.9MM
LoansQ2 2018vs Q2 2017$13.6MM$16.4MM
DepositsQ2 2018vs Q2 2017$30.7MM$32.6MM
Equity CapitalQ2 2018vs Q2 2017$9.4MM$11.2MM
Loan Loss AllowanceQ2 2018vs Q2 2017$229.00K$169.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$118.00K$16.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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Richland State Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$10-Passbook Saving Account

Richland State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$1k-Money Market Account

Richland State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$1k-Super Now Account
0.25%$500-Regular Now Account
Locations


Richland State Bank Locations
Richland State Bank602 First StreetBruce, SD 57220

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