Department Stores National Bank

Headquarters

5800 South Corporate Place
Sioux Falls, SD 57104
See all branch locations →

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

2020 Overview

General Bank Information

Department Stores National Bank is an FDIC insured institution located in Sioux Falls, SD. It was founded in 2005 and has approximately $0.35 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58180
Date Established 2005
Assets $ 348.04 million
Loans $ 52.55 million
Deposits $ 275.27 million
Capital $ 63.01 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Department Stores National Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Department Stores National Bank
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Branches

Department Stores National 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


Department Stores National Bank Locations


Financial Details

Department Stores National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Department Stores National 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
Department Stores National Bank U.S. Bank Average
1.81% 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, Department Stores National Bank had $1,189,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $63,008,000 in equity and $2,567,000 in loans loss reserves. That gives it a Texas Ratio of 1.81%.

Return on Equity
Department Stores National Bank U.S. Bank Average
3.94% 7.80%

Department Stores National Bank has a Return on Equity of 3.94% 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
Department Stores National Bank U.S. Bank Average
18.1% 12.68%

Department Stores National Bank has a Capitalization of 18.1% 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.

Department Stores National Bank Balance Sheet Analysis

As of March 31, 2020, Department Stores National Bank had assets of $348,042,000, loans of $52,550,000, and deposits of $275,274,000. 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 $ 268.24 million
Interest-bearing balances $ 268.14 million
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 52.55 million
Loan loss allowance $ 2.57 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.68 million
All other assets $ 25.57 million
     Total Assets $ 285.03 million
LIABILITIES
Total deposits $ 275.27 million
      Interest-bearing deposits $ 275.00 million
      Deposits held in domestic offices $ 275.27 million
      % insured (estimated) 0.55%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 9.76 million
      Total Liabilities $ 285.03 million
      Shareholders’ Equity $ 63.01 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.86 million
Total Interest Expense $ 1.17 million
Net interest income $ 2.69 million
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense $ 2.00 million
Pre-tax Net Operating Income $ 0.78 million

Bank Loan Profile?

The top three loan types in Department Stores National Bank’s loan portfolio are Credit Card Loans, 1-4 Family Residential Loans, and Multifamily Mortgages.

Compared to other banks in South Dakota, Department Stores National Bank has a significantly higher percent of Credit Card 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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 100.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Department Stores National Bank

Branches and Savings

Is Department Stores National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58180.

Why does Department Stores National Bank pay such low interest on savings accounts?

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

Why are Department Stores National Bank CD rates not competitive?

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

Is Department Stores National Bank a commercial bank?

Yes

Where are Department Stores National Bank locations?

See branch locations nearby.

Is Department Stores National Bank open on Saturdays?

Is Department Stores National Bank open on Sundays?

What time does Department Stores National Bank open?

What time does Department Stores National Bank close?

Are Department Stores National Bank ATMs Open 24/7?

Do Department Stores National Bank ATMs accept cash deposits?

Can Department Stores National Bank customers use other ATMs?

Do Department Stores National Bank branches have notaries?

Will Department Stores National Bank notarize my document?

What address for Department Stores National Bank should I put for incoming ACH transfers?

Will the Department Stores National Bank branch print checks?

Do Department Stores National Bank checks expire?

Does Department Stores National Bank require US citizenship to open account?

Can Department Stores National Bank close my account?

Does Department Stores National Bank Report to credit bureaus?

Does Department Stores National Bank Use Equifax?

What is Department Stores National Bank's ACH Routing Number?

What is Department Stores National Bank's SWIFT code?

Products

Does Department Stores National Bank offer mortgages?

Compare mortgage rates here.

Does Department Stores National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Department Stores National Bank offer personal loans?

Compare personal loan rates here.

Does Department Stores National Bank offer student loans?

Will Department Stores National Bank cash a check?

Will Department Stores National Bank redeem a savings bond?

Does Department Stores National Bank cash savings bonds?

Will Department Stores National Bank cash money orders?

Can Department Stores National Bank issue a money order?

Does Department Stores National Bank do currency exchange?

Background on The Bank

Who owns Department Stores National Bank?

How long has Department Stores National Bank been around?

Can Department Stores National Bank transfer to other banks?

Does Department Stores National Bank have quick pay?

Does Department Stores National Bank accept rolled coins?

Will Department Stores National Bank accept loose change?

Where is Department Stores National Bank headquarters?

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