Andes State Bank
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Data as of · sourced from FFIEC call reports. How we update
Andes State Bank is an FDIC-insured commercial bank headquartered in Lake Andes, SD, established in 1962 (FDIC certificate 18483), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $28.2M, up 3.8% from Q2 2025, the 56th largest of 56 banks headquartered in South Dakota. Its CET1 capital ratio was 29.17% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 18483
- Headquarters
- Lake Andes, SD
- Established
- 1962
- Total assets, Q2 2026
- $28.2M
- Assets vs Q2 2025
- +3.8%
- CET1 ratio, Q2 2026
- 29.17%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 091409458
- Holding company
- RANDALL BANCSHARES, INC.
- Asset rank in state
- 56th of 56 in South Dakota
Andes State Bank, based in Lake Andes, South Dakota, reported $28 million in assets at June 30, 2026, up 3.8% from a year earlier. It pays an average of 0.62% on its deposits and borrowings, about a third the median of 1.53% for the 583 banks with less than $100 million in assets. It also carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 banks its size (median 1.4%).
Loans are outrunning deposits: over the year loans rose 15.4% and deposits rose 2.9%. Delinquency has appeared in its $3.3 million commercial and industrial book: 0.51% of those loans are past due or on nonaccrual, against almost none a year earlier.
As of June 30, 2026, Andes State Bank reported a CET1 capital ratio of 29.17%, a return on assets of 1.66%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Of the 56 banks headquartered in South Dakota, Andes State Bank is the smallest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 10.2% to $28.2M, loans rose 7.6% and deposits rose 11.7%. Commercial and industrial loans made up 29.9% of its total loans on June 30, 2026, its largest category; next came agricultural production loans at 21.6%. The FDIC Summary of Deposits lists a single office for it, in Lake Andes, SD. Judged on its Q2 2026 call report, Andes State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 213 Main St, Lake Andes, SD 57356
- County
- Charles Mix
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- February 5, 1962
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 4
- Domestic deposits
- $24.2M
- Allowance for credit losses
- $249K
- Net charge-offs (YTD)
- -$1K
- Average total assets
- $29.6M
- Average total loans
- $10.2M
- Average interest-bearing deposits
- $20.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- February 5, 1962
- FDIC Cert
- 18483
- Fed RSSD
- 410159
- Website
- www.andesstatebank.com →
- Parent Holding Company
- RANDALL BANCSHARES, INC. (RSSD 1245246)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Andes State Bank's total assets ranged from $24.9M (Q3 2024) to $28.7M (Q4 2023), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$28.2M total assets against $27.2M; $24.3M total liabilities against $23.6M.
$10.8M net loans and leases against $9.4M; $24.2M total deposits against $23.5M.
$1.4M securities against $2.6M; $15.6M cash and balances due against $14.8M.
$358K total interest income against $330K; $41K total interest expense against $48K.
$317K net interest income against $282K.
$17K total noninterest income against $20K; $178K total noninterest expense against $154K.
$0 provision for credit losses against $6K.
$123K net income against $118K.
1.66% return on assets against 1.62%; 4.71% net interest margin against 4.27%.
29.17% CET1 capital ratio against 30.01%; 13.32% tier 1 leverage ratio against 12.43%.
Inside the full Andes State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeQuarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.78% (Q4 2024) to 1.71% (Q3 2024) and its net interest margin ran from 4.24% (Q3 2024) to 4.71% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 29.17% | 1.66% | 0.00% | 0.00% | 4.71% |
| Q1 2026 | 31.17% | 1.15% | 1.49% | 3.81% | 4.44% |
| Q4 2025 | 28.63% | 1.40% | 0.95% | 2.61% | 4.55% |
| Q3 2025 | 29.71% | 1.03% | 0.00% | 0.00% | 4.71% |
| Q2 2025 | 30.01% | 1.62% | 0.00% | 0.00% | 4.27% |
| Q1 2025 | 30.09% | 1.25% | 0.00% | 0.00% | 4.43% |
| Q4 2024 | 26.04% | 0.78% | 0.00% | 0.00% | 4.32% |
| Q3 2024 | — | 1.71% | 0.00% | 0.00% | 4.24% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Andes State Bank (main office) | Lake Andes , SD | 57356 | $24.2M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in SD, rank 75 of 82 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $460K approved, $230K average. 50.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1999 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Andes State Bank
What are Andes State Bank's total assets?
As of the Q2 2026 filing, Andes State Bank reported total assets of $28.2 million in its FFIEC call report.
Where is Andes State Bank headquartered?
It is headquartered in Lake Andes, SD, United States.
When was Andes State Bank founded?
It was established in 1962, per the FDIC institution directory.
Is Andes State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #18483). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Andes State Bank?
Andes State Bank's primary federal regulator is the FDIC.
What is Andes State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 29.17% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Andes State Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Andes State Bank's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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