BankStar Financial


124 Elk St
Elkton, SD 57026
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Notable Rates APY Vs.Others
Savings N.A. 4.01% →
1-Year CD N.A. 4.50% →
2-Year CD N.A. 4.73% →
5-Year CD N.A. 4.75% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 1.93% →

2022 Overview

General Bank Information

BankStar Financial is an FDIC insured institution located in Elkton, SD. It was founded in 1926 and has approximately $0.24 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 496
Date Established 1926
Assets $ 236.37 million
Loans $ 182.56 million
Deposits $ 210.60 million
Capital $ 19.33 million

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.

Deposit Rates - November 27, 2022

Your Current Location: California, CA 92111

There are currently no rates available for Bankstar Financial, but see these great savings and CD rates:

Advertiser Disclosure

Loan Rates - November 27, 2022

Your Current Location: California, CA 92111

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 - California 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 2890
License#: 413-0477
6.226% 6.125%
0.63 points
$2,685 fees
$1,520 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
7.779% 7.625%
1.00 points
$3,750 fees
$1,770 Learn More
Embrace Home Loans (ICB)
NMLS ID: 2184
6.722% 6.625%
1.00 points
$2,500 fees
$1,601 Learn More
NMLS ID: 1907

Learn More

Featured - California Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 6.490 %
After Intro: 7.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
6.490 %
$0 Learn More
More Info

Note to BankStar Financial
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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:
San Diego,California

BankStar Financial Locations

Climate Initiatives

BankStar Financial is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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 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
2.63% 4.06%

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 June 30, 2022, BankStar Financial had $562,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $19,329,000 in equity and $2,034,000 in loans loss reserves. That gives it a Texas Ratio of 2.63%.

Return on Equity
BankStar Financial U.S. Bank Average
13.19% 9.98%

BankStar Financial has a Return on Equity of 13.19% versus the BestCashCow average of 9.98%. 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.

BankStar Financial U.S. Bank Average
8.18% 10.23%

BankStar Financial has a Capitalization of 8.18% versus the BestCashCow average of 10.23. 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, 2022, BankStar Financial had assets of $236,368,000, loans of $182,560,000, and deposits of $210,596,000. 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

June 30, 2022
Cash & Balances due from depository institutions $ 7.28 million
Interest-bearing balances $ 1.21 million
Total securities $ 36.23 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 182.56 million
Loan loss allowance $ 2.03 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 2.22 million
All other assets $ 4.83 million
     Total Assets $ 217.04 million
Total deposits $ 210.60 million
      Interest-bearing deposits $ 161.86 million
      Deposits held in domestic offices $ 210.60 million
      % insured (estimated) 77.76%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 6.00 million
Subordinated debt N.A.
All other liabilities $ 0.44 million
      Total Liabilities $ 217.04 million
      Shareholders’ Equity $ 19.33 million

Summary Income Statement

June 30, 2022
Total Interest Income $ 4.35 million
Total Interest Expense $ 0.41 million
Net interest income $ 3.94 million
Provision for loan and lease losses $ 0.10 million
Total non interest income $ 0.29 million
Total non interest expense $ 2.72 million
Pre-tax Net Operating Income $ 1.41 million

Bank Loan Profile?

The top three loan types in BankStar Financial’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in South Dakota, BankStar Financial has a significantly higher percent of 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 22.60
Credit Card Loans 0.19
Consumer Auto Loans 0.94
Small Business Loans 18.18
Construction and Development Loans 2.42
Commercial Real Estate 25.02
Commercial and Industrial Loans 12.69
Farm Loans 11.78

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