Richland State Bank

Overview / Commentary
602 First Street
Bruce, SD 57220

Richland State Bank is headquartered in Bruce and is the 57th largest bank in the state of South Dakota. It is also the 4,947th largest bank in the nation. It was established in 1927 and as of December of 2019, 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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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

FDIC Certificate #1675
Year Established1927
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.99%
Return on Equity - YTD15.22%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$36.5MM$37.1MM
LoansQ4 2019vs Q4 2018$13.4MM$14.4MM
DepositsQ4 2019vs Q4 2018$31.9MM$32.2MM
Equity CapitalQ4 2019vs Q4 2018$4.5MM$4.9MM
Loan Loss AllowanceQ4 2019vs Q4 2018$163.00K$77.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$0$8.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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Richland State Bank Savings Account Rates

0.70%$10-Passbook Saving Account

Richland State Bank Money Market Rates

0.60%$1k-Money Market Account

Richland State Bank Checking Account Rates

0.35%$1k-Super Now Account
0.25%$500-Regular Now Account

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

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