Richland State Bank in Bruce, South Dakota (SD)



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Richland State Bank routing number info

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Richland State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)10
Total assets$36,548
Cash and due from depository institutions$6,695
Interest-bearing balances$0
Securities$16,875
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$11,899
Loan loss allowance $106
Trading account assets$0
Bank premises and fixed assets$411
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$668
Life insurance assets$36,548
Total liabilities and capital$27,641
Total liabilities$27,540
Total deposits$22,468
Interest-bearing deposits$27,540
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $101
All other liabilities $8,907
Total equity capital$8,907
Total bank equity capital$8,907
Perpetual preferred stock$0
Common stock$25
Surplus$2,075
Undivided profits $6,807
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $298
Income earned, not collected on loans $46
Earning assets $0
Long-term assets (5+ years) $444
Average Assets, year-to-date $28,774
Average Assets, quarterly $11,831
Volatile liabilities $32,953
Insider loans $34,763
FHLB advances $14,838
Loans and leases held for sale $33,790
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,196
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,820
Derivatives$195
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,301
Total interest expense $367
Net interest income $934
Provision for loan and lease losses $0
Total noninterest income $762
Fiduciary activities $0
Service charges on deposit accounts $51
Trading account gains & fees $0
Additional noninterest income $711
Total noninterest expense $1,019
Salaries and employee benefits $632
Premises and equipment expense $85
Additional noninterest expense $302
Pre-tax net operating income $677
Securities gains (losses) $0
Applicable income taxes $23
Income before extraordinary items $654
Extraordinary gains - net $0
Net income attributable to bank $654
Net charge-offs $0
Cash dividends $654
Sale, conversion, retirement of capital stock, net $2
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.65%
Cost of funding earning assets 1.31%
Net interest margin 3.34%
Noninterest income to earning assets 2.72%
Noninterest expense to earning assets 3.64%
Net operating income to assets 1.98%
Return on assets (ROA) 1.98%
Pretax return on assets 2.05%
Return on equity (ROE) 7.75%
Retained earnings to average equity (YTD only) 7.75%
Net charge-offs to loans 0.02%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio338.50%
Assets per employee$60,083
Cash dividends to net income (YTD only)3.65%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.88%
Noncurrent assets plus other real estate owned to assets 230.43%
Noncurrent loans to loans 0.13%
Net loans and leases to deposits0.38%
Net loans and leases to core deposits 43.21%
Equity capital to assets 46.47%
Core capital (leverage) ratio 24.37%
Tier 1 risk-based capital ratio 24.26%
Total risk-based capital ratio 55.24%
Memoranda
Average assets$56
Average earning assets$32,953
Average equity $8,442
Average loans $27,991
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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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