BankStar Financial

Overview / Commentary

www.ebankstar.bank

605-542-2681

124 Elk Street
Elkton, SD 57026

BankStar Financial is headquartered in Elkton and is the 32^nd largest bank in the state of South Dakota. It is also the 2,932^nd largest bank in the nation. It was established in 1926 and as of December of 2020, it had grown to 33 employees at 3 locations. BankStar Financial has an A health rating.

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Health

Data as of Q4 2020

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Health Grade Components

Overall
FDIC Certificate #	496
Year Established	1926
Employees	33
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.33%
Return on Equity - YTD	13.72%
Annual Interest Income	$9.0MM

Assets and Liabilities
Assets	Q4 2020vs Q4 2019	$214.0MM$199.1MM
Loans	Q4 2020vs Q4 2019	$160.8MM$152.5MM
Deposits	Q4 2020vs Q4 2019	$181.5MM$166.7MM
Equity Capital	Q4 2020vs Q4 2019	$21.0MM$18.8MM
Loan Loss Allowance	Q4 2020vs Q4 2019	$1.6MM$1.3MM
Unbacked Noncurrent Loans	Q4 2020vs Q4 2019	$1.9MM$568.00K
Real Estate Owned	Q4 2020vs Q4 2019	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

BankStar Financial Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%	-	-	Future Star Saving
0.30%	-	-	IRA Savings
0.20%^*	$25k^*	-	Health Saving Account
OTHER TIERS: 0.05% → Up to $2.5k \| 0.10% → $2.5k - $10k \| 0.15% → $10k - $25k
0.10%	-	-	Statement Saving
0.10%	-	-	Business Saving

BankStar Financial Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%^*	$500k^*	-	Premium Money Market
OTHER TIERS: 0.05% → Up to $50k \| 0.15% → $50k - $100k \| 0.20% → $100k - $250k \| 0.25% → $250k - $500k
0.30%^*	$500k^*	-	Business Premium Money Market
OTHER TIERS: 0.05% → Up to $50k \| 0.15% → $50k - $100k \| 0.20% → $100k - $250k \| 0.25% → $250k - $500k
0.25%^*	$250k^*	-	Money Market
OTHER TIERS: 0.05% → Up to $50k \| 0.10% → $50k - $100k \| 0.15% → $100k - $250k
0.25%^*	$250k^*	-	Business Money Market
OTHER TIERS: 0.05% → Up to $50k \| 0.10% → $50k - $100k \| 0.15% → $100k - $250k

BankStar Financial Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	-	$25k	ePlus Checking
OTHER TIERS: 0.15% → $25k+
0.10%^*	$2.5k^*	-	Interest Checking
OTHER TIERS: 0.05% → Up to $2.5k
0.10%^*	$2.5k^*	-	Business Interest Checking
OTHER TIERS: 0.05% → Up to $2.5k

BankStar Financial CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	$50k^*	-	60 Month Bump Up CD
OTHER TIERS: 0.35% → $1k - $10k \| 0.55% → $10k - $50k
0.75%^*	$50k^*	-	Business 60 Month Bump Up CD
OTHER TIERS: 0.35% → $1k - $10k \| 0.55% → $10k - $50k
0.60%^*	$50k^*	-	36 Month Bump Up CD
OTHER TIERS: 0.20% → $1k - $10k \| 0.40% → $10k - $50k
0.60%^*	$50k^*	-	Business 36 Month Bump Up CD
OTHER TIERS: 0.20% → $1k - $10k \| 0.40% → $10k - $50k
0.50%^*	$50k^*	-	24 Month CD
OTHER TIERS: 0.15% → $1k - $10k \| 0.30% → $10k - $50k
0.50%^*	$50k^*	-	Business 24 Month CD
OTHER TIERS: 0.15% → $1k - $10k \| 0.30% → $10k - $50k
0.35%^*	$50k^*	-	12 Month CD
OTHER TIERS: 0.10% → $1k - $10k \| 0.25% → $10k - $50k
0.35%^*	$50k^*	-	Business 12 Month CD
OTHER TIERS: 0.10% → $1k - $10k \| 0.25% → $10k - $50k
0.25%^*	$50k^*	-	6 Month CD
OTHER TIERS: 0.10% → $1k - $10k \| 0.15% → $10k - $50k
0.25%^*	$50k^*	-	Business 6 Month CD
OTHER TIERS: 0.10% → $1k - $10k \| 0.15% → $10k - $50k

BankStar Financial IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	$50k^*	-	60 Month Bump Up IRA
OTHER TIERS: 0.35% → $1k - $10k \| 0.55% → $10k - $50k
0.60%^*	$50k^*	-	36 Month Bump Up IRA
OTHER TIERS: 0.20% → $1k - $10k \| 0.40% → $10k - $50k
0.50%^*	$50k^*	-	24 Month IRA
OTHER TIERS: 0.15% → $1k - $10k \| 0.30% → $10k - $50k
0.35%^*	$50k^*	-	12 Month IRA
OTHER TIERS: 0.10% → $1k - $10k \| 0.25% → $10k - $50k
0.25%^*	$50k^*	-	6 Month IRA
OTHER TIERS: 0.10% → $1k - $10k \| 0.15% → $10k - $50k

Locations

BankStar Financial Locations
Bankstar Financial	124 Elk Street	Elkton, SD 57026
Brookings Branch	427 8th St S	Brookings, SD 57006
Volga Branch	303 Kasan Avenue	Volga, SD 57071

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