Richland State Bank


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

Richland State Bank is headquartered in BRUCE and is the 50th largest bank in the state of South Dakota. It is also the 4,363rd largest bank in the nation. It was established in 1927 and as of September of 2023, it had grown to 14 employees at 1 location. Richland State Bank's money market rates are 2X the national average, and it has a C+ health rating.

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Health
C+
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
Employees14
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD5.03%
Return on Equity - YTD67.89%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$50MM$56.3MM
LoansQ3 2023vs Q3 2022$21.8MM$21.1MM
DepositsQ3 2023vs Q3 2022$46MM$52.8MM
Equity CapitalQ3 2023vs Q3 2022$3.8MM$3.3MM
Loan Loss AllowanceQ3 2023vs Q3 2022$481K$473K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$0$0
Real Estate OwnedQ3 2023vs Q3 2022$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Richland State Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%*$250k*-Passbook Saving Account
OTHER TIERS: 0.70% $1k - $50k | 0.80% $50k - $100k | 0.90% $100k - $250k

Richland State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%*$250k*-Money Market Account
OTHER TIERS: 0.65% $1k - $50k | 0.75% $50k - $100k | 0.85% $100k - $250k

Richland State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$1k-Super Now Account
0.40%$500-Regular Now Account
Locations


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

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