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 4,478th largest bank in the nation. It was established in 1927 and as of March of 2022, it had grown to 12 employees at 1 location. Richland State Bank has a B+ health rating.
Health
B+
Data as of Q1 2022
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 | 2.87% |
| Return on Equity - YTD | 31.48% |
| Annual Interest Income | $434.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $55.8MM$48.4MM |
| Loans | Q1 2022vs Q1 2021 | $21.0MM$20.6MM |
| Deposits | Q1 2022vs Q1 2021 | $51.2MM$43.4MM |
| Equity Capital | Q1 2022vs Q1 2021 | $4.5MM$4.9MM |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $471.00K$294.00K |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $0$3.00K |
| Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |