Bankstar Financial
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Data as of · sourced from FFIEC call reports. How we update
Bankstar Financial is an FDIC-insured commercial bank headquartered in Elkton, SD, established in 1926 (FDIC certificate 496), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $363.5M, up 10.8% from Q2 2025, the 25th largest of 56 banks headquartered in South Dakota. Its CET1 capital ratio was 12.02% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 496
- Headquarters
- Elkton, SD
- Established
- 1926
- Total assets, Q2 2026
- $363.5M
- Assets vs Q2 2025
- +10.8%
- CET1 ratio, Q2 2026
- 12.02%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 091408514
- Latest call report
- Q2 2026, FFIEC 051 · Bankstar Financial call report
- Holding company
- ELKTON HOLDING COMPANY
- Asset rank in state
- 25th of 56 in South Dakota
Bankstar Financial, based in Elkton, South Dakota, reported $363 million in assets at June 30, 2026, up 10.8% from a year earlier. It grew deposits 12.9% over the year, about triple the median of 4.0% for the 2,660 banks with $100 million to $1 billion in assets. It also holds commercial real estate loans worth 2.5 times its capital, about double the median of 1.2 times for banks its size.
Its $47 million non-owner-occupied commercial real estate book is now fully current, after 3.45% of it was past due or on nonaccrual a year earlier. Earnings jumped: net income for the quarter was $1.6 million, 43% above the same quarter a year earlier. Funding is the softer spot: it pays an average of 2.50% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
As of June 30, 2026, Bankstar Financial reported a CET1 capital ratio of 12.02%, a return on assets of 1.77%, a nonperforming-loan ratio of 0.14% and a Texas ratio of 1.08%. The figures come from its call report filed with the FFIEC.
Bankstar Financial ranks as the 25th largest of the 56 banks based in South Dakota, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 1.6% to $363.5M, loans rose 1.8% and deposits fell 0.3%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 21.0% of total loans, followed by commercial and industrial loans at 17.4%. The FDIC Summary of Deposits lists 3 offices for it, in Brookings, SD, Volga, SD and Elkton, SD; its Brookings office books 37% of its branch deposits. On its Q2 2026 call report, Bankstar Financial meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 124 Elk St, Elkton, SD 57026
- County
- Brookings
- Metro Area
- Brookings, SD
- 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
- March 20, 1926
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 42
- Domestic deposits
- $302.1M
- Allowance for credit losses
- $3.0M
- Net charge-offs (YTD)
- $1K
- Average total assets
- $366.0M
- Average total loans
- $284.9M
- Average interest-bearing deposits
- $251.0M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 496
- Fed RSSD
- 109453
- SEC CIK
- 1586521 → filed by ELKTON HOLDING COMPANY
- Website
- https://www.ebankstar.bank →
- Parent Holding Company
- ELKTON HOLDING COMPANY (RSSD 1943917)
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
Bankstar Financial's total assets moved between a low of $281.8M (Q3 2023) and a high of $363.5M (Q2 2026) from Q3 2023 to Q2 2026, 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
$363.5M total assets against $328.1M; $328.6M total liabilities against $297.9M.
$281.7M net loans and leases against $252.3M; $302.1M total deposits against $267.5M.
$34.4M securities against $36.1M; $29.5M cash and balances due against $22.3M.
$5.6M total interest income against $5.0M; $2.0M total interest expense against $2.1M.
$3.5M net interest income against $2.8M.
$233K total noninterest income against $229K; $1.9M total noninterest expense against $1.8M.
$150K provision for credit losses against $100K.
$1.6M net income against $1.1M.
1.77% return on assets against 1.36%; 4.10% net interest margin against 3.58%.
12.02% CET1 capital ratio against 11.76%; 9.42% tier 1 leverage ratio against 9.07%.
Inside the full Bankstar Financial terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Bankstar Financial rankings
Its closest position to the top of a national ranking is 790 of 3,611, for ROA; its furthest is 1,702 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.52% (Q4 2024) to 1.77% (Q2 2026) and its net interest margin ran from 3.17% (Q3 2024) to 4.10% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.02% | 1.77% | 0.14% | 1.08% | 4.10% |
| Q1 2026 | 11.76% | 1.24% | 0.03% | 0.25% | 3.76% |
| Q4 2025 | 11.78% | 1.55% | 0.10% | 0.81% | 3.98% |
| Q3 2025 | 11.74% | 1.38% | 0.34% | 2.81% | 3.60% |
| Q2 2025 | 11.76% | 1.36% | 0.21% | 1.78% | 3.58% |
| Q1 2025 | 11.25% | 1.12% | 0.13% | 1.17% | 3.37% |
| Q4 2024 | 11.05% | 0.52% | 0.11% | 0.99% | 3.55% |
| Q3 2024 | 10.64% | 0.60% | 0.40% | 3.62% | 3.17% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → 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 |
|---|---|---|---|
| Brookings Branch | Brookings , SD | 57006 | $111.6M |
| Bankstar Financial - Volga Branch | Volga , SD | 57071 | $99.3M |
| Bankstar Financial (main office) | Elkton , SD | 57026 | $91.3M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| March 22, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 22, 2014 | Structure Change | Acquired The First National Bank of Volga Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in SD, rank 29 of 82 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $81K approved, $81K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2023 (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 Bankstar Financial
What are Bankstar Financial's total assets?
As of the Q2 2026 filing, Bankstar Financial reported total assets of $363.5 million in its FFIEC call report.
Where is Bankstar Financial headquartered?
It is headquartered in Elkton, SD, United States.
When was Bankstar Financial founded?
It was established in 1926, per the FDIC institution directory.
Is Bankstar Financial FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #496). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Bankstar Financial?
Bankstar Financial's primary federal regulator is the FDIC.
What is Bankstar Financial's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.02% in its Q2 2026 call report, above regulatory requirements.
How many branches does Bankstar Financial operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Bankstar Financial's Texas Ratio?
Its Texas Ratio is 1.08% 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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