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 31^st largest bank in the state of South Dakota. It is also the 2,846^th largest bank in the nation. It was established in 1926 and as of June of 2022, it had grown to 33 employees at 3 locations. BankStar Financial's money market rates are 3X the national average, and it has an A health rating.

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Health

Data as of Q2 2022

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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	1.16%
Return on Equity - YTD	13.19%
Annual Interest Income	$4.4MM

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$236.4MM$222.9MM
Loans	Q2 2022vs Q2 2021	$182.6MM$173.3MM
Deposits	Q2 2022vs Q2 2021	$210.6MM$185.9MM
Equity Capital	Q2 2022vs Q2 2021	$19.3MM$21.9MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$2.0MM$1.8MM
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$562.00K$1.6MM
Real Estate Owned	Q2 2022vs Q2 2021	$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
1.30%	-	-	IRA Savings
1.25%	-	-	Future Star Saving
0.50%^*	$25k^*	-	Health Saving Account
OTHER TIERS: 0.20% → Up to $2.5k \| 0.30% → $2.5k - $10k \| 0.40% → $10k - $25k
0.50%	-	-	Statement Saving
0.50%	-	-	Business Saving

BankStar Financial Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.15%^*	$1.5m^*	-	Premium Money Market
OTHER TIERS: 0.20% → Up to $25k \| 0.40% → $25k - $50k \| 0.60% → $50k - $100k \| 0.70% → $100k - $250k \| 0.80% → $250k - $500k \| 0.90% → $500k - $1m \| 1.00% → $1m - $1.5m
1.15%^*	$1.5m^*	-	Business Premium Money Market
OTHER TIERS: 0.20% → Up to $25k \| 0.40% → $25k - $50k \| 0.60% → $50k - $100k \| 0.70% → $100k - $250k \| 0.80% → $250k - $500k \| 0.90% → $500k - $1m \| 1.00% → $1m - $1.5m
0.75%^*	$250k^*	-	Money Market
OTHER TIERS: 0.10% → Up to $5k \| 0.20% → $5k - $20k \| 0.40% → $20k - $50k \| 0.50% → $50k - $100k \| 0.65% → $100k - $250k
0.75%^*	$250k^*	-	Business Money Market
OTHER TIERS: 0.10% → Up to $5k \| 0.20% → $5k - $20k \| 0.40% → $20k - $50k \| 0.50% → $50k - $100k \| 0.65% → $100k - $250k

BankStar Financial Checking Account Rates

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

BankStar Financial CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.90%^*	$50k^*	-	60 Month Bump Up CD
OTHER TIERS: 1.10% → $1k - $10k \| 1.60% → $10k - $50k
1.90%^*	$50k^*	-	Business 60 Month Bump Up CD
OTHER TIERS: 1.10% → $1k - $10k \| 1.60% → $10k - $50k
1.75%^*	$50k^*	-	36 Month Bump Up CD
OTHER TIERS: 1.00% → $1k - $10k \| 1.40% → $10k - $50k
1.75%^*	$50k^*	-	Business 36 Month Bump Up CD
OTHER TIERS: 1.00% → $1k - $10k \| 1.40% → $10k - $50k
1.60%^*	$50k^*	-	24 Month CD
OTHER TIERS: 0.90% → $1k - $10k \| 1.30% → $10k - $50k
1.60%^*	$50k^*	-	Business 24 Month CD
OTHER TIERS: 0.90% → $1k - $10k \| 1.30% → $10k - $50k
1.20%^*	$50k^*	-	12 Month CD
OTHER TIERS: 0.70% → $1k - $10k \| 0.95% → $10k - $50k
1.20%^*	$50k^*	-	Business 12 Month CD
OTHER TIERS: 0.70% → $1k - $10k \| 0.95% → $10k - $50k
0.85%^*	$50k^*	-	6 Month CD
OTHER TIERS: 0.65% → $1k - $10k \| 0.75% → $10k - $50k
0.85%^*	$50k^*	-	Business 6 Month CD
OTHER TIERS: 0.65% → $1k - $10k \| 0.75% → $10k - $50k

BankStar Financial IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.90%^*	$50k^*	-	60 Month Bump Up IRA
OTHER TIERS: 1.10% → $1k - $10k \| 1.60% → $10k - $50k
1.75%^*	$50k^*	-	36 Month Bump Up IRA
OTHER TIERS: 1.00% → $1k - $10k \| 1.40% → $10k - $50k
1.60%^*	$50k^*	-	24 Month IRA
OTHER TIERS: 0.90% → $1k - $10k \| 1.30% → $10k - $50k
1.20%^*	$50k^*	-	12 Month IRA
OTHER TIERS: 0.70% → $1k - $10k \| 0.95% → $10k - $50k
0.85%^*	$50k^*	-	6 Month IRA
OTHER TIERS: 0.65% → $1k - $10k \| 0.75% → $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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