BankStar Financial

124 Elk Street
Elkton, SD 57026

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 496
Date Established 1926
Assets $0.15 billion
Loans $0.11 billion
Deposits $0.12 billion
Capital $0.02 billion

BankStar Financial is an FDIC insured institution located in Elkton, SD. It was founded in 1926 and has approximately $0.15 billion in assets. Customers can open an account via one of its 4 branches.

For a more detailed analysis of BankStar Financial'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 BankStar Financial’s loan portfolio are 1-4 Family Residential Loans, Farm Loans, and Small Business Loans.

Compared to other banks in South Dakota, BankStar Financial has a significantly higher percent of 1-4 Family Residential Loans, Multifamily Mortgages, 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 28.97
Multifamily
Mortgages
5.52
Credit Card Loans 0.20
Consumer Auto Loans 2.06
Small Business Loans 15.14
Construction and Development Loans 3.31
Commercial Real Estate 15.14
Commercial and Industrial Loans 9.23
Farm Loans 19.26

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
6 Mo CD 10K 0.20% $10,000 $49,999 Learn MoreShow Less
6 Mo CD 100K 0.30% $50,000 - Learn MoreShow Less
12MCD10K 0.40% $10,000 $49,999 Learn MoreShow Less
12 Mo CD 100K 0.45% $50,000 - Learn MoreShow Less
24MCD10K 0.75% $10,000 $49,999 Learn MoreShow Less
24 Mo CD 100K 0.85% $50,000 - Learn MoreShow Less
36MCD10K 1.00% $10,000 $49,999 Learn MoreShow Less
36 Mo CD 100K 1.15% $50,000 - Learn MoreShow Less
60 Mo CD 10K 1.50% $10,000 $49,999 Learn MoreShow Less
60 Mo CD 100K 1.75% $50,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K 0.10% $1 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
FIXIRA0K 0.25% $500 $9,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K 0.50% $100 - Learn MoreShow Less
MM Rates APY MIN MAX
MM2.5K 0.10% $1 $5,000 Learn MoreShow Less
MM10K 0.20% $5,001 $20,000 Learn MoreShow Less
MM25K 0.30% $20,001 $50,000 Learn MoreShow Less
PREMM Rates APY MIN MAX
PREMMM10K 0.20% $1 $25,000 Learn MoreShow Less
PREMMM25K 0.35% $25,001 $9,999,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K 0.00% $1 $2,500 Learn MoreShow Less
Int Ckg 2.5K 0.03% $2,501 $10,000 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

BestCashCow tracks mortgage, home equity, and auto loan rates. In the future, we will be adding other loan products. Please contact the lender for questions about their loan products.

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Branches

BankStar Financial 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


Bankstar Financial Locations

Financial Details

BankStar Financial Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BankStar Financial. The data is provided by the FDIC. Please remember that all banks listed on BestCashCow.com are FDIC insured while all credit unions are similarly insured by the NCUA. No depositor has ever lost money while their funds have been insured by the FDIC or NCUA.

Texas Ratio
BankStar Financial U.S. Bank Average
0.31% 9.11%

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, 2016, BankStar Financial had $50,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $15,656,000 in equity and $704,000 in loans loss reserves. That gives it a Texas Ratio of 0.31%. 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
BankStar Financial U.S. Bank Average
12.35% 9.45%

BankStar Financial has a Return on Equity of 12.35% versus the BestCashCow average of 9.45%. 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
BankStar Financial U.S. Bank Average
10.75% 11.28%

BankStar Financial has a Capitalization of 10.75% versus the BestCashCow average of 11.28%. 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.

BankStar Financial Balance Sheet Analysis

As of June 30, 2016, BankStar Financial had assets of $145,585,000, loans of $114,875,000, and deposits of $122,050,000. 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.

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