Andes State Bank

213 Main Street
Lake Andes, SD 57356


General Bank Information

FDIC Insured Yes
FDIC Certificate # 18483
Date Established 1962
Assets $0.03 billion
Loans $0.01 billion
Deposits $0.02 billion
Capital $0.00 billion

Andes State Bank is an FDIC insured institution located in Lake Andes, SD. It was founded in 1962 and has approximately $0.03 billion in assets.

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.

Bank Loan Profile?

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

Compared to other banks in South Dakota, Andes State Bank has a significantly higher percent of Small Business 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 11.42
Credit Card Loans 0.00
Consumer Auto Loans 5.35
Small Business Loans 16.48
Construction and Development Loans 0.00
Commercial Real Estate 16.48
Commercial and Industrial Loans 9.76
Farm Loans 22.80

Savings Rates

Your Current Location: Virginia, VA 20146

6 Mo CD 10K
0.50% $500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.10% $1 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.95% $1 - Learn MoreShow Less
MM 10K
0.16% $2,500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $1,000 - Learn MoreShow Less

Loan Rates

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 2017

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More
Rocket Mortgage
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Andes State Bank
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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 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
5.92% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Andes State Bank had $164,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $2,629,000 in equity and $140,000 in loans loss reserves. That gives it a Texas Ratio of 5.92%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Andes State Bank U.S. Bank Average
8.21% 8.58

Andes State Bank has a Return on Equity of 8.21% versus the BestCashCow average of 8.58. 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.

Andes State Bank U.S. Bank Average
10.08% 12.11

Andes State Bank has a Capitalization of 10.08% versus the BestCashCow average of 12.11. 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 June 30, 2017, Andes State Bank had assets of $26,079,000, loans of $11,660,000, and deposits of $23,354,000. 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.

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?


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?


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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