Oakstar Bank

Headquarters

1020 E Battlefield St
Springfield, MO 65807
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.65% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage 7.46% 4.91% →
15-Year Mortgage 7.31% 4.39% →
HELOC N.A. 0.99% →

Reviewed by j d | June 12, 2024 |

I entrusted my Life Savings to this bank and they closed my accounts because I asked an honest question about an overcharge I noticed in my statement records.

I mistakenly believed I could ask a simple question about this overcharge and that they valued me and would assist me with the issue.

Instead, they immediately closed my accounts and told me I was not a good customer for them. The Bank Manager told me that I was just "too vocal and articulate" with my concerns.

I desperately tried to defend myself. I asked to please appeal the decision and speak to someone of Higher Authority and the Bank Manager promised me she would make sure I could never speak to anyone.

Your money is NOT safe here. I gave them Hundreds of Thousands of literal dollars and they closed my accounts because I asked a question about an overcharge.

I had previously written a multiple page explanation of my experience with them. But, I am just going to keep this brief for simplicity.

Words can not fully describe the sheer terror, shock and embarrassment I went through when I realized this bank was a sham and that I had invested my hard earned money into an institution that did not care about me in the least.

I know we now live in a Cancel Culture and Anti-Customer Service Culture. But, to experience this first hand, was absolutely surreal.

They do not value or listen to their Customers.

Please heed the warning and do not give them even one cent of your money.

I have no motive to write this short review, than my sincere and genuine desire to protect potential Customers.


2024 Overview

General Bank Information

Oakstar Bank is an FDIC insured institution located in Springfield, MO. It was founded in 2005 and has approximately $2.72 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 58115
Date Established 2005
Assets $ 2.72 billion
Loans $ 2.36 billion
Deposits $ 2.40 billion
Capital $ 271.49 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 - December 23, 2024

Your Current Location: Ohio, OH 43085


Loan Rates - December 23, 2024

Your Current Location: Ohio, OH 43085

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:
Columbus,Ohio


Oakstar Bank Locations around zip code 43085




Climate Policy and Initiatives

Oakstar Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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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
5.31% 4.48%

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 June 30, 2024, Oakstar Bank had $15,479,000 in non-current loans and $440,000 in owned real estate. To cover these potential losses it had $271,487,000 in equity and $28,232,000 in loans loss reserves. That gives it a Texas Ratio of 5.31%.

Return on Equity
Oakstar Bank U.S. Bank Average
6.35% 10.46%

Oakstar Bank has a Return on Equity of 6.35% versus the BestCashCow average of 10.46%. 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
9.97% 10.84%

Oakstar Bank has a Capitalization of 9.97% versus the BestCashCow average of 10.84. 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 June 30, 2024, Oakstar Bank had assets of $2,722,951,000, loans of $2,359,577,000, and deposits of $2,397,019,000. 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

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 71.32 million
Interest-bearing balances $ 60.95 million
Total securities $ 98.26 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.36 billion
Loan loss allowance $ 28.23 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.44 million
Goodwill and other intangibles $ 20.38 million
All other assets $ 67.84 million
     Total Assets $ 2.45 billion
LIABILITIES
Total deposits $ 2.40 billion
      Interest-bearing deposits $ 2.10 billion
      Deposits held in domestic offices $ 2.40 billion
      % insured (estimated) 73.48%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 16.39 million
      Total Liabilities $ 2.45 billion
      Shareholders’ Equity $ 271.49 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 80.58 million
Total Interest Expense $ 38.94 million
Net interest income $ 41.65 million
Provision for loan and lease losses $ 2.37 million
Total non interest income $ 8.35 million
Total non interest expense $ 37.81 million
Pre-tax Net Operating Income $ 13.03 million

Bank Loan Profile?

The top three loan types in Oakstar Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, 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 13.86
Multifamily
Mortgages
4.00
Credit Card Loans 0.00
Consumer Auto Loans 0.26
Small Business Loans 6.30
Construction and Development Loans 7.55
Commercial Real Estate 17.99
Commercial and Industrial Loans 7.99
Farm Loans 1.08

Customer Reviews for Oakstar Bank


  • June 12, 2024 |

    I entrusted my Life Savings to this bank and they closed my accounts because I asked an honest question about an overcharge I noticed in my statement records.

    I mistakenly believed I could ask a simple question about this overcharge and that they valued me and would assist me with the issue.

    Instead, they immediately closed my accounts and told me I was not a good customer for them. The Bank Manager told me that I was just "too vocal and articulate" with my concerns.

    I desperately tried to defend myself. I asked to please appeal the decision and speak to someone of Higher Authority and the Bank Manager promised me she would make sure I could never speak to anyone.

    Your money is NOT safe here. I gave them Hundreds of Thousands of literal dollars and they closed my accounts because I asked a question about an overcharge.

    I had previously written a multiple page explanation of my experience with them. But, I am just going to keep this brief for simplicity.

    Words can not fully describe the sheer terror, shock and embarrassment I went through when I realized this bank was a sham and that I had invested my hard earned money into an institution that did not care about me in the least.

    I know we now live in a Cancel Culture and Anti-Customer Service Culture. But, to experience this first hand, was absolutely surreal.

    They do not value or listen to their Customers.

    Please heed the warning and do not give them even one cent of your money.

    I have no motive to write this short review, than my sincere and genuine desire to protect potential Customers.


Add Your Review


or use your BestCashCow account

or