Richland State Bank in Bruce, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches


Richland State Bank - Overview

  • General
  • FDIC Certificate #: 1675
    Status: Active
    Federal Reserve ID: 83852
    Date Established: January 01, 1927
    WWW: http://www.richlandstate.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 1101
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 602 First Street, Bruce, SD 57220
    County: Brookings
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Brookings, SD (#15100)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $36.5 mil
    Equity capital: $8.9 mil
    Deposits held in domestic offices: $27.5 mil
    Return on assets (ROA): 1.98% ($0.7 mil)
    Quarterly return on assets: 0.55% ($0.2 mil)
    Return on Equity (ROE): 7.75% ($0.7 mil)
    Quarterly return on equity: 2.16% ($0.2 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 2.05% ($749.2 mil)
    Quarterly Pretax return on assets: 0.68% ($248.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 10Total employees (full-time equivalent)
  • $36,548Total assets
  • $6,695Cash and due from depository institutions
  • $0Interest-bearing balances
  • $16,875Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $11,899Net loans & leases
  • $106Loan loss allowance
  • $0Trading account assets
  • $411Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $36,548Life insurance assets
  • $668All other assets
  • $27,641Total liabilities and capital
  • $27,540Total liabilities
  • $22,468Total deposits
  • $27,540Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $101Subordinated debt
  • $8,907All other liabilities
  • $8,907Total equity capital
  • $8,907Total bank equity capital
  • $0Perpetual preferred stock
  • $25Common stock
  • $2,075Surplus
  • $6,807Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $298Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $46Income earned, not collected on loans
  • $0Earning assets
  • $444Long-term assets (5+ years)
  • $28,774Average Assets, year-to-date
  • $11,831Average Assets, quarterly
  • $32,953Volatile liabilities
  • $34,763Insider loans
  • $14,838FHLB advances
  • $33,790Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,196Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,820Restructured Loans and leases
  • $195Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,301Total interest income
  • $367Total interest expense
  • $934Net interest income
  • $0Provision for loan and lease losses
  • $762Total noninterest income
  • $0Fiduciary activities
  • $51Service charges on deposit accounts
  • $0Trading account gains & fees
  • $711Additional noninterest income
  • $1,019Total noninterest expense
  • $632Salaries and employee benefits
  • $85Premises and equipment expense
  • $302Additional noninterest expense
  • $677Pre-tax net operating income
  • $0Securities gains (losses)
  • $23Applicable income taxes
  • $654Income before extraordinary items
  • $0Extraordinary gains - net
  • $654Net income attributable to bank
  • $0Net charge-offs
  • $654Cash dividends
  • $2Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.65%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 3.34%Net interest margin
  • 2.72%Noninterest income to earning assets
  • 3.64%Noninterest expense to earning assets
  • 1.98%Net operating income to assets
  • 1.98%Return on assets (ROA)
  • 2.05%Pretax return on assets
  • 7.75%Return on equity (ROE)
  • 7.75%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 338.50%Efficiency ratio
  • 60,083Assets per employee
  • 3.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.88%Loss allowance to noncurrent loans
  • 230.43%Noncurrent assets plus other real estate owned to assets
  • 0.13%Noncurrent loans to loans
  • 0.38%Net loans and leases to deposits
  • 43.21%Net loans and leases to core deposits
  • 46.47%Equity capital to assets
  • 24.37%Core capital (leverage) ratio
  • 24.26%Tier 1 risk-based capital ratio
  • 55.24%Total risk-based capital ratio
  • Memoranda
  • $56Average assets
  • $32,953Average earning assets
  • $8,442Average equity
  • $27,991Average loans

List of branches

  • 1 South Dakota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01101Richland State Bank602 First Street, Bruce, SD 57220January 01, 1927Full Service Brick and Mortar

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