BankStar Financial

124 Elk Street
Elkton, SD 57026

Notable Rates APY Vs.Others
Savings 0.45% 2.10% →
1-Year CD 1.35% 2.15% →
2-Year CD 1.55% 2.20% →
5-Year CD 1.90% 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

BankStar Financial is an FDIC insured institution located in Elkton, SD. It was founded in 1926 and has approximately $0.2 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 496
Date Established 1926
Assets $0.20 billion
Loans $0.15 billion
Deposits $0.17 billion
Capital $0.02 billion

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 - February 28, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.30% $1 $25,000 Learn MoreShow Less
Money Market
0.70% $25,001 $50,000 Learn MoreShow Less
Premium Money Market Account
0.25% $5,001 $20,000 Learn MoreShow Less
Premium Money Market Account
0.45% $20,001 $50,000 Learn MoreShow Less
6 Mo CD
0.75% $10,000 $49,999 Learn MoreShow Less
6 Mo CD
1.00% $50,000 - Learn MoreShow Less
12 Mo CD
0.90% $10,000 $49,999 Learn MoreShow Less
12 Mo CD
1.35% $50,000 - Learn MoreShow Less
24 Mo CD
1.10% $10,000 $49,999 Learn MoreShow Less
24 Mo CD
1.55% $50,000 - Learn MoreShow Less
36 Mo CD
1.25% $10,000 $49,999 Learn MoreShow Less
36 Mo CD
1.75% $50,000 - Learn MoreShow Less
60 Mo CD
1.35% $10,000 $49,999 Learn MoreShow Less
60 Mo CD
1.90% $50,000 - Learn MoreShow Less

Fixed IRA
0.45% $500 $9,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
1.10% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $2,500 Learn MoreShow Less
Int Ckg
0.10% $2,501 $10,000 Learn MoreShow Less

Loan Rates - February 28, 2020

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 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.793% 4.750% 0.00 $1,250 $1,305 Learn More
NMLS ID: 2890
License#: MC-3098
3.146% 3.125% 0.25 $665 $1,071 Learn More
Rocket Mortgage
NMLS ID: 3030
4.668% 4.625% 0.00 $1,250 $1,286 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 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.

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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 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
3.36% 6.70%

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 September 30, 2019, BankStar Financial had $684,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $19,118,000 in equity and $1,215,000 in loans loss reserves. That gives it a Texas Ratio of 3.36%.

Return on Equity
BankStar Financial U.S. Bank Average
12.8% 9.72%

BankStar Financial has a Return on Equity of 12.8% 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.

BankStar Financial U.S. Bank Average
9.49% 12.89%

BankStar Financial has a Capitalization of 9.49% 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.

BankStar Financial Balance Sheet Analysis

As of September 30, 2019, BankStar Financial had assets of $201,474,000, loans of $151,895,000, and deposits of $165,739,000. 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 $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.15 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 $0.18 billion
Total deposits $0.17 billion
      Interest-bearing deposits $0.14 billion
      Deposits held in domestic offices $0.17 billion
      % insured (estimated) 77.19%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.02 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.18 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

September 30, 2019
Total Interest Income $0.01 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 BankStar Financial’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Farm Loans.

Compared to other banks in South Dakota, BankStar Financial has a significantly higher percent of Multifamily Mortgages 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 25.07
Credit Card Loans 0.17
Consumer Auto Loans 1.39
Small Business Loans 0.00
Construction and Development Loans 5.39
Commercial Real Estate 16.36
Commercial and Industrial Loans 9.06
Farm Loans 16.34

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?


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?


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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