Dairy State Bank

Headquarters

16 South Main Street
Rice Lake, WI 54868
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.95% →
1-Year CD 0.75% 1.01% →
2-Year CD 1.05% 0.95% →
5-Year CD 1.35% 1.30% →
30-Year Mortgage 3.51% 2.80% →
15-Year Mortgage 3.14% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Dairy State Bank is an FDIC insured institution located in Rice Lake, WI. It was founded in 1953 and has approximately $0.54 billion in assets. Customers can open an account at one of its 13 branches.

FDIC Insured Yes
FDIC Certificate # 17162
Date Established 1953
Assets $ 540.69 million
Loans $ 230.38 million
Deposits $ 440.98 million
Capital $ 70.22 million
 

For a more detailed analysis of Dairy State Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.40% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.45% $10,000 $14,999 Learn More
6 Mo CD
0.55% $100,000 $199,999 Learn More
12 Mo CD
0.65% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
18 Mo CD
0.85% $10,000 $14,999 Learn More
18 Mo CD
0.95% $100,000 $199,999 Learn More
24 Mo CD
0.95% $10,000 $14,999 Learn More
24 Mo CD
1.05% $100,000 $199,999 Learn More
36 Mo CD
1.15% $10,000 $14,999 Learn More
36 Mo CD
1.25% $100,000 $199,999 Learn More
60 Mo CD
1.25% $10,000 $14,999 Learn More
60 Mo CD
1.35% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Dairy State Bank 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:
Fairfield,Connecticut


Dairy State Bank Locations


Financial Details

Dairy State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Dairy State Bank. 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
Dairy State Bank U.S. Bank Average
0.86% 6.94%

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 March 31, 2020, Dairy State Bank had $618,000 in non-current loans and $30,000 in owned real estate. To cover these potential losses it had $70,222,000 in equity and $4,862,000 in loans loss reserves. That gives it a Texas Ratio of 0.86%.

Return on Equity
Dairy State Bank U.S. Bank Average
4.82% 7.80%

Dairy State Bank has a Return on Equity of 4.82% versus the BestCashCow average of 7.80%. 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
Dairy State Bank U.S. Bank Average
12.99% 12.68%

Dairy State Bank has a Capitalization of 12.99% versus the BestCashCow average of 12.68. 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.

Dairy State Bank Balance Sheet Analysis

As of March 31, 2020, Dairy State Bank had assets of $540,694,000, loans of $230,376,000, and deposits of $440,977,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 14.80 million
Interest-bearing balances $ 8.99 million
Total securities $ 273.03 million
Federal funds sold and reverse repurchase $ 6.71 million
Net loans and leases $ 230.38 million
Loan loss allowance $ 4.86 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.03 million
Goodwill and other intangibles $ 0.54 million
All other assets $ 8.46 million
     Total Assets $ 470.47 million
LIABILITIES
Total deposits $ 440.98 million
      Interest-bearing deposits $ 374.86 million
      Deposits held in domestic offices $ 440.98 million
      % insured (estimated) 78.55%
Federal funds purchased and repurchase agreements $ 11.02 million
Trading liabilities N.A.
Other borrowed funds $ 14.60 million
Subordinated debt N.A.
All other liabilities $ 3.88 million
      Total Liabilities $ 470.47 million
      Shareholders’ Equity $ 70.22 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.44 million
Total Interest Expense $ 1.10 million
Net interest income $ 3.34 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.39 million
Total non interest expense $ 2.69 million
Pre-tax Net Operating Income $ 1.04 million

Bank Loan Profile?

The top three loan types in Dairy State Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Wisconsin, Dairy State Bank has a significantly higher percent of Commercial and Industrial 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 21.11
Multifamily
Mortgages
2.50
Credit Card Loans 0.09
Consumer Auto Loans 0.60
Small Business Loans 0.00
Construction and Development Loans 5.80
Commercial Real Estate 33.69
Commercial and Industrial Loans 23.95
Farm Loans 3.01

Frequently Asked Questions About Dairy State Bank

Branches and Savings

Is Dairy State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #17162.

Why does Dairy 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 Dairy State Bank CD rates not competitive?

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

Is Dairy State Bank a commercial bank?

Yes

Where are Dairy State Bank locations?

See branch locations nearby.

Is Dairy State Bank open on Saturdays?

Is Dairy State Bank open on Sundays?

What time does Dairy State Bank open?

What time does Dairy State Bank close?

Are Dairy State Bank ATMs Open 24/7?

Do Dairy State Bank ATMs accept cash deposits?

Can Dairy State Bank customers use other ATMs?

Do Dairy State Bank branches have notaries?

Will Dairy State Bank notarize my document?

What address for Dairy State Bank should I put for incoming ACH transfers?

Will the Dairy State Bank branch print checks?

Do Dairy State Bank checks expire?

Does Dairy State Bank require US citizenship to open account?

Can Dairy State Bank close my account?

Does Dairy State Bank Report to credit bureaus?

Does Dairy State Bank Use Equifax?

What is Dairy State Bank's ACH Routing Number?

What is Dairy State Bank's SWIFT code?

Products

Does Dairy State Bank offer mortgages?

Compare mortgage rates here.

Does Dairy State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Dairy State Bank offer personal loans?

Compare personal loan rates here.

Does Dairy State Bank offer student loans?

Will Dairy State Bank cash a check?

Will Dairy State Bank redeem a savings bond?

Does Dairy State Bank cash savings bonds?

Will Dairy State Bank cash money orders?

Can Dairy State Bank issue a money order?

Does Dairy State Bank do currency exchange?

Background on The Bank

Who owns Dairy State Bank?

How long has Dairy State Bank been around?

Can Dairy State Bank transfer to other banks?

Does Dairy State Bank have quick pay?

Does Dairy State Bank accept rolled coins?

Will Dairy State Bank accept loose change?

Where is Dairy State Bank headquarters?

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