Richland State Bank

602 First Street
Bruce, SD 57220


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1675
Date Established 1927
Assets $0.03 billion
Loans $0.01 billion
Deposits $0.03 billion
Capital $0.00 billion

Richland State Bank is an FDIC insured institution located in Bruce, SD. It was founded in 1927 and has approximately $0.03 billion in assets.

For a more detailed analysis of Richland State Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 15, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.60% $1,000 - Learn MoreShow Less
3 Mo CD
0.80% $1,000 - Learn MoreShow Less
6 Mo CD
0.85% $1,000 - Learn MoreShow Less
12 Mo CD
1.41% $500 - Learn MoreShow Less
24 Mo CD
1.66% $500 - Learn MoreShow Less
36 Mo CD
1.91% $500 - Learn MoreShow Less
48 Mo CD
2.02% $500 - Learn MoreShow Less

Fixed IRA
1.91% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.25% $500 - Learn MoreShow Less

Loan Rates - September 15, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Richland State Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 13256
3.751% 3.750% 0.00 $25 $1,158 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.500 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Richland State Bank
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Financial Details

Richland State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Richland State Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Richland State Bank U.S. Bank Average
0.13% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, Richland State Bank had $6,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $4,557,000 in equity and $77,000 in loans loss reserves. That gives it a Texas Ratio of 0.13%.

Return on Equity
Richland State Bank U.S. Bank Average
25.11% 9.47%

Richland State Bank has a Return on Equity of 25.11% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Richland State Bank U.S. Bank Average
13.07% 12.49%

Richland State Bank has a Capitalization of 13.07% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Richland State Bank Balance Sheet Analysis

As of March 31, 2019, Richland State Bank had assets of $34,860,000, loans of $12,604,000, and deposits of $30,192,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.01 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.03 billion
Total deposits $0.03 billion
      Interest-bearing deposits $0.03 billion
      Deposits held in domestic offices $0.03 billion
      % insured (estimated) 93.37%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.03 billion
      Shareholders’ Equity $0.00 billion

Summary Income Statement

March 31, 2019
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Richland State Bank’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks, Richland State Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 6.83
Credit Card Loans 0.00
Consumer Auto Loans 3.86
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 15.19
Commercial and Industrial Loans 17.06
Farm Loans 37.06

Frequently Asked Questions About Richland State Bank

Branches and Savings

Is Richland State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #1675.

Why does Richland State Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Richland State Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Richland State Bank a commercial bank?


Where are Richland State Bank locations?

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Are Richland State Bank ATMs Open 24/7?

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Will Richland State Bank notarize my document?

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What is Richland State Bank's SWIFT code?


Does Richland State Bank offer mortgages?

Compare mortgage rates here.

Does Richland State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Richland State Bank offer personal loans?

Compare personal loan rates here.

Does Richland State Bank offer student loans?

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Background on The Bank

Who owns Richland State Bank?

How long has Richland State Bank been around?

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