Andes State Bank

Headquarters

213 Main Street
Lake Andes, SD 57356
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 0.95% →
1-Year CD 0.30% 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Andes State Bank is an FDIC insured institution located in Lake Andes, SD. It was founded in 1962 and has approximately $0.02 billion in assets.

FDIC Insured Yes
FDIC Certificate # 18483
Date Established 1962
Assets $ 23.23 million
Loans $ 10.48 million
Deposits $ 20.37 million
Capital $ 2.81 million
 

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

Deposit Rates - October 30, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $1 - Learn More
CD Rates APY MIN MAX
6 Mo CD
0.15% $500 - Learn More
12 Mo CD
0.30% $500 - Learn More
18 Mo CD
0.40% $500 - Learn More
30 Mo CD
0.50% $500 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - October 30, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Andes State Bank

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.444% 2.375% 0.88 $2,304 $972 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.558% 2.500% 0.75 $1,908 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.500 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Andes State Bank
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Branches

Andes State Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Andes State Bank Locations


Financial Details

Andes State Bank Ratio Analysis

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

Texas Ratio
Andes State Bank U.S. Bank Average
13.48% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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, 2020, Andes State Bank had $407,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $2,808,000 in equity and $212,000 in loans loss reserves. That gives it a Texas Ratio of 13.48%.

Return on Equity
Andes State Bank U.S. Bank Average
4.59% 7.80%

Andes State Bank has a Return on Equity of 4.59% versus the BestCashCow average of 7.80%. 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.

Capitalization
Andes State Bank U.S. Bank Average
12.09% 12.68%

Andes State Bank has a Capitalization of 12.09% versus the BestCashCow average of 12.68. 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.

Andes State Bank Balance Sheet Analysis

As of March 31, 2020, Andes State Bank had assets of $23,231,000, loans of $10,476,000, and deposits of $20,374,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 8.02 million
Interest-bearing balances $ 6.51 million
Total securities $ 1.48 million
Federal funds sold and reverse repurchase $ 2.85 million
Net loans and leases $ 10.48 million
Loan loss allowance $ 0.21 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 0.28 million
     Total Assets $ 20.42 million
LIABILITIES
Total deposits $ 20.37 million
      Interest-bearing deposits $ 15.96 million
      Deposits held in domestic offices $ 20.37 million
      % insured (estimated) 63.72%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.05 million
      Total Liabilities $ 20.42 million
      Shareholders’ Equity $ 2.81 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.20 million
Total Interest Expense $ 0.03 million
Net interest income $ 0.17 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.01 million
Total non interest expense $ 0.14 million
Pre-tax Net Operating Income $ 0.04 million

Bank Loan Profile?

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

Compared to other banks in South Dakota, Andes State Bank has a significantly higher percent of Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.

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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 12.52
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 3.98
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 16.35
Commercial and Industrial Loans 12.72
Farm Loans 25.65

Frequently Asked Questions About Andes State Bank

Branches and Savings

Is Andes State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18483.

Why does Andes 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 Andes State Bank CD rates not competitive?

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

Is Andes State Bank a commercial bank?

Yes

Where are Andes State Bank locations?

See branch locations nearby.

Is Andes State Bank open on Saturdays?

Is Andes State Bank open on Sundays?

What time does Andes State Bank open?

What time does Andes State Bank close?

Are Andes State Bank ATMs Open 24/7?

Do Andes State Bank ATMs accept cash deposits?

Can Andes State Bank customers use other ATMs?

Do Andes State Bank branches have notaries?

Will Andes State Bank notarize my document?

What address for Andes State Bank should I put for incoming ACH transfers?

Will the Andes State Bank branch print checks?

Do Andes State Bank checks expire?

Does Andes State Bank require US citizenship to open account?

Can Andes State Bank close my account?

Does Andes State Bank Report to credit bureaus?

Does Andes State Bank Use Equifax?

What is Andes State Bank's ACH Routing Number?

What is Andes State Bank's SWIFT code?

Products

Does Andes State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Andes State Bank offer personal loans?

Compare personal loan rates here.

Does Andes State Bank offer student loans?

Will Andes State Bank cash a check?

Will Andes State Bank redeem a savings bond?

Does Andes State Bank cash savings bonds?

Will Andes State Bank cash money orders?

Can Andes State Bank issue a money order?

Does Andes State Bank do currency exchange?

Background on The Bank

Who owns Andes State Bank?

How long has Andes State Bank been around?

Can Andes State Bank transfer to other banks?

Does Andes State Bank have quick pay?

Does Andes State Bank accept rolled coins?

Will Andes State Bank accept loose change?

Where is Andes State Bank headquarters?

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