Overview / Commentary
Richland State Bank is headquartered in Bruce and is the 52nd largest bank in the state of South Dakota. It is also the 4,572nd largest bank in the nation. It was established in 1927 and as of September of 2021, it had grown to 12 employees at 1 location. Richland State Bank has an A health rating.
Health
A
Data as of Q3 2021
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 relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1675 |
| Year Established | 1927 |
| Employees | 12 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 3% |
| Return on Equity - YTD | 28.09% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2021vs Q3 2020 | $55.1MM$39.8MM |
| Loans | Q3 2021vs Q3 2020 | $23.1MM$16.2MM |
| Deposits | Q3 2021vs Q3 2020 | $49.3MM$34.7MM |
| Equity Capital | Q3 2021vs Q3 2020 | $5.7MM$4.9MM |
| Loan Loss Allowance | Q3 2021vs Q3 2020 | $469.00K$243.00K |
| Unbacked Noncurrent Loans | Q3 2021vs Q3 2020 | $0$0 |
| Real Estate Owned | Q3 2021vs Q3 2020 | $0$0 |