Overview / Commentary
Richland State Bank is headquartered in Bruce and is the 57th largest bank in the state of South Dakota. It is also the 4,870th largest bank in the nation. It was established in 1927 and as of June of 2020, it had grown to 10 employees at 1 location. Richland State Bank has a B+ health rating.
Health
B+
Data as of Q2 2020
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 low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1675 |
| Year Established | 1927 |
| Employees | 10 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.52% |
| Return on Equity - YTD | 19.5% |
| Annual Interest Income | $692.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $36.5MM$34.7MM |
| Loans | Q2 2020vs Q2 2019 | $15.8MM$13.4MM |
| Deposits | Q2 2020vs Q2 2019 | $31.5MM$29.8MM |
| Equity Capital | Q2 2020vs Q2 2019 | $4.9MM$4.7MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $163.00K$88.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $0$370.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |