Hastings State Bank

Headquarters

530 North Burlington Avenue
Hastings, NE 68901
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
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

Hastings State Bank is an FDIC insured institution located in Hastings, NE. It was founded in 1964 and has approximately $0.14 billion in assets.

FDIC Insured Yes
FDIC Certificate # 18984
Date Established 1964
Assets $ 136.32 million
Loans $ 66.01 million
Deposits $ 109.25 million
Capital $ 11.18 million
 

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

Deposit Rates - October 29, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Hastings State Bank

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

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3.746% 3.625% 1.00 $3,750 $1,141 Learn More
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Featured - Virginia Home Equity Line Of Credit Rates 2020

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After Intro: 3.500 %
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Third Federal Savings and Loans
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Note to Hastings State Bank
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Branches

Hastings 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:
Ashburn,Virginia


Hastings State Bank Locations


Financial Details

Hastings State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Hastings 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
Hastings State Bank U.S. Bank Average
11.7% 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, Hastings State Bank had $565,000 in non-current loans and $1,100,000 in owned real estate. To cover these potential losses it had $11,178,000 in equity and $3,054,000 in loans loss reserves. That gives it a Texas Ratio of 11.7%.

Return on Equity
Hastings State Bank U.S. Bank Average
8.03% 7.80%

Hastings State Bank has a Return on Equity of 8.03% 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
Hastings State Bank U.S. Bank Average
8.2% 12.68%

Hastings State Bank has a Capitalization of 8.2% 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.

Hastings State Bank Balance Sheet Analysis

As of September 30, 2012, Hastings State Bank had assets of $136,324,000, loans of $66,006,000, and deposits of $109,253,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 66.01 million
Loan loss allowance $ 3.05 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.10 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 109.25 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 136.32 million

Summary Income Statement

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

Bank Loan Profile?

The top three loan types in Hastings State Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and Commercial and Industrial Loans.

Compared to other banks in Nebraska, Hastings State Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate 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 16.36
Multifamily
Mortgages
5.08
Credit Card Loans 0.00
Consumer Auto Loans 1.01
Small Business Loans 22.79
Construction and Development Loans 2.01
Commercial Real Estate 39.28
Commercial and Industrial Loans 17.40
Farm Loans 12.06

Frequently Asked Questions About Hastings State Bank

Branches and Savings

Is Hastings State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18984.

Why does Hastings 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 Hastings State Bank CD rates not competitive?

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

Is Hastings State Bank a commercial bank?

Yes

Where are Hastings State Bank locations?

See branch locations nearby.

Is Hastings State Bank open on Saturdays?

Is Hastings State Bank open on Sundays?

What time does Hastings State Bank open?

What time does Hastings State Bank close?

Are Hastings State Bank ATMs Open 24/7?

Do Hastings State Bank ATMs accept cash deposits?

Can Hastings State Bank customers use other ATMs?

Do Hastings State Bank branches have notaries?

Will Hastings State Bank notarize my document?

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

Will the Hastings State Bank branch print checks?

Do Hastings State Bank checks expire?

Does Hastings State Bank require US citizenship to open account?

Can Hastings State Bank close my account?

Does Hastings State Bank Report to credit bureaus?

Does Hastings State Bank Use Equifax?

What is Hastings State Bank's ACH Routing Number?

What is Hastings State Bank's SWIFT code?

Products

Does Hastings State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Hastings State Bank offer personal loans?

Compare personal loan rates here.

Does Hastings State Bank offer student loans?

Will Hastings State Bank cash a check?

Will Hastings State Bank redeem a savings bond?

Does Hastings State Bank cash savings bonds?

Will Hastings State Bank cash money orders?

Can Hastings State Bank issue a money order?

Does Hastings State Bank do currency exchange?

Background on The Bank

Who owns Hastings State Bank?

How long has Hastings State Bank been around?

Can Hastings State Bank transfer to other banks?

Does Hastings State Bank have quick pay?

Does Hastings State Bank accept rolled coins?

Will Hastings State Bank accept loose change?

Where is Hastings State Bank headquarters?

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