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 28^th largest bank in the state of South Dakota. It is also the 2,428^th largest bank in the nation. It was established in 1926 and as of June of 2024, it had grown to 38 employees at 4 locations. BankStar Financial's money market rates are 7X the national average, and it has an A health rating.

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Health

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #	496
Year Established	1926
Employees	38
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.67%
Return on Equity - YTD	8.81%
Annual Interest Income	$8.4MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$310.7MM$268.1MM
Loans	Q2 2024vs Q2 2023	$242.6MM$214.2MM
Deposits	Q2 2024vs Q2 2023	$244.8MM$215.2MM
Equity Capital	Q2 2024vs Q2 2023	$25.5MM$20.6MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$2.5MM$2.2MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$912K$421K
Real Estate Owned	Q2 2024vs Q2 2023	$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
3.80%	$0	-	IRA Savings
1.75%	$0	-	Future Star Saving
1.00%	$0	-	Statement Saving
1.00%	$0	-	Business Saving
0.50%^*	$25k^*	-	Health Saving Account
OTHER TIERS: 0.20% → $0 - $2.5k \| 0.30% → $2.5k - $10k \| 0.40% → $10k - $25k

BankStar Financial Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
3.15%^*	$1.5m^*	-	Premium Money Market
OTHER TIERS: 1.10% → $0 - $25k \| 1.40% → $25k - $50k \| 1.60% → $50k - $100k \| 1.90% → $100k - $250k \| 2.10% → $250k - $500k \| 2.55% → $500k - $1m \| 2.85% → $1m - $1.5m
3.15%^*	$1.5m^*	-	Business Premium Money Market
OTHER TIERS: 1.10% → $0 - $25k \| 1.40% → $25k - $50k \| 1.60% → $50k - $100k \| 1.90% → $100k - $250k \| 2.10% → $250k - $500k \| 2.55% → $500k - $1m \| 2.85% → $1m - $1.5m
1.65%^*	$250k^*	-	Money Market
OTHER TIERS: 0.65% → $0 - $5k \| 0.75% → $5k - $20k \| 0.95% → $20k - $50k \| 1.15% → $50k - $100k \| 1.45% → $100k - $250k
1.65%^*	$250k^*	-	Business Money Market
OTHER TIERS: 0.65% → $0 - $5k \| 0.75% → $5k - $20k \| 0.95% → $20k - $50k \| 1.15% → $50k - $100k \| 1.45% → $100k - $250k

BankStar Financial Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%	$0	-	Star Checking
1.75%^*	$0	$25k	ePlus Checking
OTHER TIERS: 0.75% → $25k+
0.70%^*	$25k^*	-	Interest Checking
OTHER TIERS: 0.20% → $0 - $2.5k \| 0.30% → $2.5k - $10k \| 0.50% → $10k - $25k
0.70%^*	$25k^*	-	Business Interest Checking
OTHER TIERS: 0.20% → $0 - $2.5k \| 0.30% → $2.5k - $10k \| 0.50% → $10k - $25k

BankStar Financial CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.00%^*	$50k^*	-	6 Month CD
OTHER TIERS: 4.50% → $1k - $10k \| 4.60% → $10k - $50k
5.00%^*	$50k^*	-	12 Month CD
OTHER TIERS: 4.30% → $1k - $10k \| 4.40% → $10k - $50k
5.00%^*	$50k^*	-	Business 6 Month CD
OTHER TIERS: 4.50% → $1k - $10k \| 4.60% → $10k - $50k
5.00%^*	$50k^*	-	Business 12 Month CD
OTHER TIERS: 4.30% → $1k - $10k \| 4.40% → $10k - $50k
4.00%^*	$50k^*	-	24 Month CD
OTHER TIERS: 3.70% → $1k - $10k \| 3.80% → $10k - $50k
4.00%^*	$50k^*	-	Business 24 Month CD
OTHER TIERS: 3.70% → $1k - $10k \| 3.80% → $10k - $50k
3.35%^*	$50k^*	-	60 Month Bump Up CD
OTHER TIERS: 2.10% → $1k - $10k \| 2.85% → $10k - $50k
3.35%^*	$50k^*	-	Business 60 Month Bump Up CD
OTHER TIERS: 2.10% → $1k - $10k \| 2.85% → $10k - $50k
3.10%^*	$50k^*	-	36 Month Bump Up CD
OTHER TIERS: 1.85% → $1k - $10k \| 2.60% → $10k - $50k
3.10%^*	$50k^*	-	Business 36 Month Bump Up CD
OTHER TIERS: 1.85% → $1k - $10k \| 2.60% → $10k - $50k

BankStar Financial IRA Rates

APY	MIN	MAX	ACCOUNT NAME
5.00%^*	$50k^*	-	6 Month IRA
OTHER TIERS: 4.50% → $1k - $10k \| 4.60% → $10k - $50k
5.00%^*	$50k^*	-	12 Month IRA
OTHER TIERS: 4.30% → $1k - $10k \| 4.40% → $10k - $50k
4.00%^*	$50k^*	-	24 Month IRA
OTHER TIERS: 3.70% → $1k - $10k \| 3.80% → $10k - $50k
3.35%^*	$50k^*	-	60 Month Bump Up IRA
OTHER TIERS: 2.10% → $1k - $10k \| 2.85% → $10k - $50k
3.10%^*	$50k^*	-	36 Month Bump Up IRA
OTHER TIERS: 1.85% → $1k - $10k \| 2.60% → $10k - $50k

Locations

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

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