Richland State Bank

Overview / Commentary
602 First Street
Bruce, SD 57220

Richland State Bank is headquartered in Bruce and is the 52nd largest bank in the state of South Dakota. It is also the 4,457th largest bank in the nation. It was established in 1927 and as of June of 2022, it had grown to 13 employees at 1 location. Richland State Bank has a B+ health rating.


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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 relatively low asset base.

Health Grade Components

FDIC Certificate #1675
Year Established1927
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.75%
Return on Equity - YTD32.89%
Annual Interest Income$876.00K
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$55.5MM$50.5MM
LoansQ2 2022vs Q2 2021$21.4MM$18.5MM
DepositsQ2 2022vs Q2 2021$51.6MM$45.1MM
Equity CapitalQ2 2022vs Q2 2021$3.8MM$5.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$471.00K$444.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$0$0
Real Estate OwnedQ2 2022vs Q2 2021$0$0

Rates for Richland State Bank are currently being reviewed.


Richland State Bank Locations
Richland State Bank602 1st StBruce, SD 57220

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