BankStar Financial in Elkton, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • BankStar Financial in Elkton, South Dakota (SD)
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BankStar Financial - Overview

  • General
  • FDIC Certificate #: 496
    Status: Active
    Federal Reserve ID: 109453
    Bank Holding Company (Regulatory Top Holder): Elkton Holding Company (RSSDID: 1943917, Location: Elkton, SD)
    Date Established: March 20, 1926
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 16027
    FDIC's unique #: 357
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 124 Elk Street, Elkton, SD 57026
    County: Brookings
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Brookings, SD (#15100)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $61.7 mil
    Equity capital: $5.8 mil
    Deposits held in domestic offices: $48.9 mil
    Return on assets (ROA): 0.97% ($0.6 mil)
    Quarterly return on assets: 1.28% ($0.8 mil)
    Return on Equity (ROE): 10.78% ($0.6 mil)
    Quarterly return on equity: 13.60% ($0.8 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.01% ($623.6 mil)
    Quarterly Pretax return on assets: 1.33% ($821.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $61,747Total assets
  • $1,069Cash and due from depository institutions
  • $0Interest-bearing balances
  • $11,077Securities
  • $400Federal funds sold & reverse repurchase agreements
  • $46,063Net loans & leases
  • $480Loan loss allowance
  • $0Trading account assets
  • $537Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $61,747Life insurance assets
  • $2,601All other assets
  • $55,949Total liabilities and capital
  • $48,925Total liabilities
  • $39,747Total deposits
  • $48,925Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,800Trading liabilities
  • $0Other borrowed funds
  • $224Subordinated debt
  • $5,798All other liabilities
  • $5,798Total equity capital
  • $5,798Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $2,655Surplus
  • $3,043Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,108Income earned, not collected on loans
  • $0Earning assets
  • $530Long-term assets (5+ years)
  • $57,540Average Assets, year-to-date
  • $15,872Average Assets, quarterly
  • $59,918Volatile liabilities
  • $61,445Insider loans
  • $49,207FHLB advances
  • $61,514Loans and leases held for sale
  • $1,397Unused loan commitments
  • $1,397Tier 1 (core) risk-based capital
  • $5,362Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,492Restructured Loans and leases
  • $12Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,050Total interest income
  • $784Total interest expense
  • $2,266Net interest income
  • $81Provision for loan and lease losses
  • $295Total noninterest income
  • $0Fiduciary activities
  • $145Service charges on deposit accounts
  • $0Trading account gains & fees
  • $150Additional noninterest income
  • $1,889Total noninterest expense
  • $1,067Salaries and employee benefits
  • $161Premises and equipment expense
  • $661Additional noninterest expense
  • $591Pre-tax net operating income
  • $12Securities gains (losses)
  • $24Applicable income taxes
  • $579Income before extraordinary items
  • $0Extraordinary gains - net
  • $579Net income attributable to bank
  • $0Net charge-offs
  • $579Cash dividends
  • -$1Sale, conversion, retirement of capital stock, net
  • $300Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.49%Yield on earning assets
  • 1.41%Cost of funding earning assets
  • 4.08%Net interest margin
  • 0.53%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 10.78%Return on equity (ROE)
  • 5.20%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -8100.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 73,760Assets per employee
  • 3.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 51.81%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 43.32%Noncurrent assets plus other real estate owned to assets
  • 1.79%Noncurrent loans to loans
  • 2.38%Net loans and leases to deposits
  • 94.15%Net loans and leases to core deposits
  • 99.93%Equity capital to assets
  • 9.39%Core capital (leverage) ratio
  • 8.72%Tier 1 risk-based capital ratio
  • 10.90%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $59,918Average earning assets
  • $5,369Average equity
  • $55,540Average loans

List of branches

  • 2 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0357Bankstar Financial124 Elk Street, Elkton, SD 57026March 20, 1926Full Service Brick and Mortar
    1363728Brookings Branch510 Main Avenue South, Brookings, SD 57006April 15, 2002Full Service Brick and Mortar

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