BankStar Financial

124 Elk Street
Elkton, SD 57026

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 496
Date Established 1926
Assets $0.17 billion
Loans $0.13 billion
Deposits $0.14 billion
Capital $0.02 billion

BankStar Financial is an FDIC insured institution located in Elkton, SD. It was founded in 1926 and has approximately $0.17 billion in assets. Customers can open an account at 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 Commercial Real Estate.

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 27.75
Multifamily
Mortgages
7.62
Credit Card Loans 0.17
Consumer Auto Loans 1.65
Small Business Loans 13.74
Construction and Development Loans 6.10
Commercial Real Estate 16.04
Commercial and Industrial Loans 8.64
Farm Loans 18.27

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.75% $500 $9,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
1.65% $100 - Learn MoreShow Less
MM Rates APY MIN MAX
MM2.5K
0.20% $1 $5,000 Learn MoreShow Less
MM10K
0.40% $5,001 $20,000 Learn MoreShow Less
MM25K
0.50% $20,001 $50,000 Learn MoreShow Less
PREMM Rates APY MIN MAX
PREMMM10K
0.30% $1 $25,000 Learn MoreShow Less
PREMMM25K
0.60% $25,001 $50,000 Learn MoreShow Less
Int Checking Rates APY MIN MAX
INTCK0K
0.05% $1 $2,500 Learn MoreShow Less
INTCK2.5K
0.10% $2,501 $10,000 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for BankStar Financial

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
License#: MC-2462
4.556% 4.500% 0.13 $1,632 $1,267 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
4.564% 4.500% 0.25 $1,878 $1,267 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.320% 4.250% 0.38 $2,180 $1,230 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.990% $238.42 Learn More
Flagstar Bank 5.490% $283.58 Learn More

Note to BankStar Financial
To upload and update your bank's rates please register. It is free to register and add rates.

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. 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
BankStar Financial U.S. Bank Average
2.23% 8.32%

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, 2017, BankStar Financial had $383,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $16,166,000 in equity and $975,000 in loans loss reserves. That gives it a Texas Ratio of 2.23%.

Return on Equity
BankStar Financial U.S. Bank Average
11.88% 8.84%

BankStar Financial has a Return on Equity of 11.88% versus the BestCashCow average of 8.84%. 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
9.74% 12.21%

BankStar Financial has a Capitalization of 9.74% versus the BestCashCow average of 12.21. 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 December 31, 2017, BankStar Financial had assets of $165,921,000, loans of $131,314,000, and deposits of $144,309,000. 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

ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.13 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 $0.15 billion
LIABILITIES
Total deposits $0.14 billion
      Interest-bearing deposits $0.12 billion
      Deposits held in domestic offices $0.14 billion
      % insured (estimated) 81.84%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.15 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 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

Frequently Asked Questions About Bankstar Financial

Branches and Savings

Is Bankstar Financial FDIC insured?

Yes. It is covered under FDIC Certificate #496.

Why does Bankstar Financial pay such low interest on savings accounts?

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

Why are Bankstar Financial CD rates not competitive?

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

Is Bankstar Financial a commercial bank?

Yes

Where are Bankstar Financial locations?

See branch locations nearby.

Is Bankstar Financial open on Saturdays?

Is Bankstar Financial open on Sundays?

What time does Bankstar Financial open?

What time does Bankstar Financial close?

Are Bankstar Financial ATMs Open 24/7?

Do Bankstar Financial ATMs accept cash deposits?

Can Bankstar Financial customers use other ATMs?

Do Bankstar Financial branches have notaries?

Will Bankstar Financial notarize my document?

What address for Bankstar Financial should I put for incoming ACH transfers?

Will the Bankstar Financial branch print checks?

Do Bankstar Financial checks expire?

Does Bankstar Financial require US citizenship to open account?

Can Bankstar Financial close my account?

Does Bankstar Financial Report to credit bureaus?

Does Bankstar Financial Use Equifax?

What is Bankstar Financial's ACH Routing Number?

What is Bankstar Financial's SWIFT code?

Products

Does Bankstar Financial offer mortgages?

Compare mortgage rates here.

Does Bankstar Financial offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bankstar Financial offer personal loans?

Compare personal loan rates here.

Does Bankstar Financial offer student loans?

Will Bankstar Financial cash a check?

Will Bankstar Financial redeem a savings bond?

Does Bankstar Financial cash savings bonds?

Will Bankstar Financial cash money orders?

Can Bankstar Financial issue a money order?

Does Bankstar Financial do currency exchange?

Background on The Bank

Who owns Bankstar Financial?

How long has Bankstar Financial been around?

Can Bankstar Financial transfer to other banks?

Does Bankstar Financial have quick pay?

Does Bankstar Financial accept rolled coins?

Will Bankstar Financial accept loose change?

Where is Bankstar Financial headquarters?

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