Featured Savings Rates
Featured Accounts

State Bank of Richmond

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.45%1-year CD12 Month CD
0.15%SavingsStatement Savings Account
0.80%4-year CD48 Month CD

Overview / Commentary
320-597-2145
22 Central Avenue
Richmond, MN 56368

State Bank of Richmond is headquartered in Richmond and is the 179th largest bank in the state of Minnesota. It is also the 4,594th largest bank in the nation. It was established in 1904 and as of September of 2016, it had grown to 15 employees at 1 location. State Bank of Richmond has an A health rating.

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Health
A
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. State Bank of Richmond has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #8542
Year Established1904
Employees15
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD7.14%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$89.4MM$86.0MM
LoansQ3 2016vs Q3 2015$58.6MM$48.7MM
DepositsQ3 2016vs Q3 2015$78.6MM$75.2MM
Equity CapitalQ3 2016vs Q3 2015$10.2MM$10.1MM
Loan Loss AllowanceQ3 2016vs Q3 2015$679.00K$516.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$162.00K$0
Real Estate OwnedQ3 2016vs Q3 2015$0$122.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

State Bank of Richmond Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%*$10k*-IRA Savings Account
OTHER TIERS: 0.75% $100 - $10k
0.15%*$1k*-Passbook Savings Account
OTHER TIERS: 0.10% $25 - $1k
0.15%*$1k*-Statement Savings Account
OTHER TIERS: 0.10% $25 - $1k
0.15%--Holiday Savings Account

State Bank of Richmond Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$75k*-Money Market Account
OTHER TIERS: 0.15% $1k - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k | 0.30% $50k - $75k

State Bank of Richmond Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$800-Super Now Account

State Bank of Richmond CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$5k-48 Month CD
0.75%*$5k*-30 Month CD
OTHER TIERS: 0.70% $500 - $5k
0.65%*$5k*-24 Month CD
OTHER TIERS: 0.55% $500 - $5k
0.55%*$5k*-18 Month CD
OTHER TIERS: 0.45% $500 - $5k
0.45%*$5k*-12 Month CD
OTHER TIERS: 0.40% $500 - $5k
0.35%*$5k*-182 Day CD
OTHER TIERS: 0.25% $2,500 - $5k
0.25%*$5k*-91 Day CD
OTHER TIERS: 0.15% $2,500 - $5k
Locations


State Bank of Richmond Locations
State Bank Of Richmond22 Central AvenueRichmond, MN 56368