Oakstar Bank

Headquarters

1020 East Battlefield Road
Springfield, MO 65807
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.75% 0.95% →
2-Year CD 0.90% 1.05% →
5-Year CD 1.15% 1.30% →
30-Year Mortgage 3.96% 2.80% →
15-Year Mortgage 3.81% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Oakstar Bank is an FDIC insured institution located in Springfield, MO. It was founded in 2005 and has approximately $1.05 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 58115
Date Established 2005
Assets $ 1,050.88 million
Loans $ 882.20 million
Deposits $ 919.66 million
Capital $ 116.46 million
 

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

Deposit Rates - September 18, 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
0.20% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.40% $10,000 $14,999 Learn More
3 Mo CD
0.40% $100,000 $199,999 Learn More
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.75% $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
0.85% $100,000 $199,999 Learn More
24 Mo CD
0.90% $10,000 $14,999 Learn More
24 Mo CD
0.90% $100,000 $199,999 Learn More
36 Mo CD
1.00% $10,000 $14,999 Learn More
36 Mo CD
1.00% $100,000 $199,999 Learn More
48 Mo CD
1.10% $10,000 $14,999 Learn More
48 Mo CD
1.10% $100,000 $199,999 Learn More
60 Mo CD
1.15% $10,000 $14,999 Learn More
60 Mo CD
1.15% $100,000 $199,999 Learn More


Loan Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

Refinance 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

Oakstar 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


Oakstar Bank Locations


Financial Details

Oakstar Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Oakstar 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
Oakstar Bank U.S. Bank Average
6.45% 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, Oakstar Bank had $6,705,000 in non-current loans and $1,564,000 in owned real estate. To cover these potential losses it had $116,461,000 in equity and $11,789,000 in loans loss reserves. That gives it a Texas Ratio of 6.45%.

Return on Equity
Oakstar Bank U.S. Bank Average
7.67% 7.80%

Oakstar Bank has a Return on Equity of 7.67% 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
Oakstar Bank U.S. Bank Average
11.08% 12.68%

Oakstar Bank has a Capitalization of 11.08% 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.

Oakstar Bank Balance Sheet Analysis

As of March 31, 2020, Oakstar Bank had assets of $1,050,879,000, loans of $882,202,000, and deposits of $919,657,000. 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 $ 44.28 million
Interest-bearing balances $ 36.88 million
Total securities $ 26.58 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 882.20 million
Loan loss allowance $ 11.79 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.56 million
Goodwill and other intangibles $ 12.40 million
All other assets $ 46.60 million
     Total Assets $ 934.42 million
LIABILITIES
Total deposits $ 919.66 million
      Interest-bearing deposits $ 798.91 million
      Deposits held in domestic offices $ 919.66 million
      % insured (estimated) 83.52%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 14.76 million
      Total Liabilities $ 934.42 million
      Shareholders’ Equity $ 116.46 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 11.34 million
Total Interest Expense $ 2.55 million
Net interest income $ 8.79 million
Provision for loan and lease losses $ 1.28 million
Total non interest income $ 5.07 million
Total non interest expense $ 9.78 million
Pre-tax Net Operating Income $ 2.80 million

Bank Loan Profile?

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

Compared to other banks, Oakstar Bank’s loan portfolio does not show any specific loan specialty.

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 29.28
Multifamily
Mortgages
5.40
Credit Card Loans 0.03
Consumer Auto Loans 0.80
Small Business Loans 0.00
Construction and Development Loans 9.58
Commercial Real Estate 25.36
Commercial and Industrial Loans 17.67
Farm Loans 2.18

Frequently Asked Questions About Oakstar Bank

Branches and Savings

Is Oakstar Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58115.

Why does Oakstar Bank pay such low interest on savings accounts?

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

Why are Oakstar Bank CD rates not competitive?

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

Is Oakstar Bank a commercial bank?

Yes

Where are Oakstar Bank locations?

See branch locations nearby.

Is Oakstar Bank open on Saturdays?

Is Oakstar Bank open on Sundays?

What time does Oakstar Bank open?

What time does Oakstar Bank close?

Are Oakstar Bank ATMs Open 24/7?

Do Oakstar Bank ATMs accept cash deposits?

Can Oakstar Bank customers use other ATMs?

Do Oakstar Bank branches have notaries?

Will Oakstar Bank notarize my document?

What address for Oakstar Bank should I put for incoming ACH transfers?

Will the Oakstar Bank branch print checks?

Do Oakstar Bank checks expire?

Does Oakstar Bank require US citizenship to open account?

Can Oakstar Bank close my account?

Does Oakstar Bank Report to credit bureaus?

Does Oakstar Bank Use Equifax?

What is Oakstar Bank's ACH Routing Number?

What is Oakstar Bank's SWIFT code?

Products

Does Oakstar Bank offer mortgages?

Compare mortgage rates here.

Does Oakstar Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Oakstar Bank offer personal loans?

Compare personal loan rates here.

Does Oakstar Bank offer student loans?

Will Oakstar Bank cash a check?

Will Oakstar Bank redeem a savings bond?

Does Oakstar Bank cash savings bonds?

Will Oakstar Bank cash money orders?

Can Oakstar Bank issue a money order?

Does Oakstar Bank do currency exchange?

Background on The Bank

Who owns Oakstar Bank?

How long has Oakstar Bank been around?

Can Oakstar Bank transfer to other banks?

Does Oakstar Bank have quick pay?

Does Oakstar Bank accept rolled coins?

Will Oakstar Bank accept loose change?

Where is Oakstar Bank headquarters?

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