Andes State Bank

213 Main Street
Lake Andes, SD 57356

Notable Rates APY Vs.Others
Savings 0.20% 2.20% →
1-Year CD 0.95% 2.20% →
2-Year CD N.A. 2.20% →
5-Year CD N.A. 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

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 $0.02 billion
Loans $0.01 billion
Deposits $0.02 billion
Capital $0.00 billion

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 - February 20, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
6 Mo CD
0.50% $500 - Learn MoreShow Less
12 Mo CD
0.95% $500 - Learn MoreShow Less
18 Mo CD
1.05% $500 - Learn MoreShow Less
30 Mo CD
1.20% $500 - Learn MoreShow Less

Variable IRA Rates APY MIN MAX
1.20% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - February 20, 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
Learn More
NMLS ID: 2890
License#: MC-3098
3.375% 3.375% 0.00 ($22) $1,106 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

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: 5.000 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

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
24.28% 6.70%

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 September 30, 2019, Andes State Bank had $747,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $2,860,000 in equity and $217,000 in loans loss reserves. That gives it a Texas Ratio of 24.28%.

Return on Equity
Andes State Bank U.S. Bank Average
5.67% 9.72%

Andes State Bank has a Return on Equity of 5.67% versus the BestCashCow average of 9.72%. 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
12.83% 12.89%

Andes State Bank has a Capitalization of 12.83% versus the BestCashCow average of 12.89. 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 September 30, 2019, Andes State Bank had assets of $22,285,000, loans of $11,276,000, and deposits of $19,372,000. 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

September 30, 2019
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.00 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 $0.02 billion
Total deposits $0.02 billion
      Interest-bearing deposits $0.02 billion
      Deposits held in domestic offices $0.02 billion
      % insured (estimated) 63.13%
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 $0.02 billion
      Shareholders’ Equity $0.00 billion

Summary Income Statement

September 30, 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 Andes State Bank’s loan portfolio are Farm Loans, Commercial Real Estate, and 1-4 Family Residential 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 11.60
Credit Card Loans 0.00
Consumer Auto Loans 4.43
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 15.54
Commercial and Industrial Loans 10.65
Farm Loans 25.58

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?


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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?

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Background on The Bank

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