TriStar Bank
TriStar Bank is headquartered in Dickson and is the 86th largest bank in the state of Tennessee. It is also the 2,844th largest bank in the nation. It was established in 2000 and as of December of 2013, it had grown to 69 employees at 6 locations. TriStar Bank's savings rates are 92% higher than the national average, and it has a B+ health rating.
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Data for Q4 2013
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 TriStar Bank had $536,000 in non-current loans and owned real-estate with $19.74 million in equity and loan loss allowances on hand to cover it. This gives TriStar Bank a Texas Ratio of 2.72% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for TriStar Bank held steady from 2.39% as of December 31, 2012 to 2.72% as of December 31, 2013, resulting in a negative change of 13.43%. This indicates that the balance sheet and financial strength for TriStar Bank has held steady in recent periods.
Deposit Growth
In the past year, TriStar Bank has decreased its total deposits by -$1.69 million, resulting in -0.89% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth TriStar Bank has shown is average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. TriStar Bank has $218.4 million in assets with $19.74 million in equity, resulting in a capitalization level of 9.04%, which is average.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 35417 |
| Year Established | 2000 |
| Employees | 69 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $218.40 million |
| Loans | $105.84 million |
| Deposits | $187.72 million |
| Equity Capital | $18.57 million |
| Loan Loss Allowance | $1.18 million |
| Unbacked Noncurrent Loans | $382,000 |
| Real Estate Owned | $154,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $222.36 million |
| Equity Capital | $19.66 million |
| Loan Loss Allowance | $1.14 million |
| Unbacked Noncurrent Loans | $382,000 |
| Real Estate Owned | $426,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.12% |
| Return on Assets | 0.55% |
| Return on Equity | 6.36% |
| Interest Income | $8.08 million |
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TriStar Bank Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.00% | $5k | - | Christmas Club | |
| 1.00% | - | - | Health Savings Account | |
| 0.50% | $100k | - | Reserve Savings | |
| 0.50% | $100k | - | Youth Savings | |
| 0.10% | $1k | - | Club Savings | |
| 0.10% | $5k | - | Commercial (IB) | |
| 0.10% | $5k | - | Public Servant |
TriStar Bank Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.50% | $100k | - | Prime MMIA |
TriStar Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.50% | $100k | - | Gold (62 and better) |
TriStar Bank CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.30% | - | $99k | 5 Year CD | |
| 1.20% | - | $99k | 4 Year CD | |
| 1.05% | - | $99k | 3 Year CD | |
| 0.95% | - | $99k | 2 Year CD | |
| 0.85% | - | $99k | 1.5 Year CD | |
| 0.75% | - | $99k | 12 Month CD | |
| 0.40% | - | $99k | 6 Month CD | |
| 0.30% | - | $99k | 90 Day CD | |
| 0.25% | - | $99k | 30 Day CD | |
| 0.25% | - | $99k | 60 Day CD |
TriStar Bank IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.25% | $500 | - | 60 Month Fixed IRA (Traditional,Roth) | |
| 1.25% | $50 | - | 60 Month Fixed CESA | |
| 1.15% | $50 | - | 48 Month Fixed CESA | |
| 1.15% | $500 | - | 48 Month Fixed IRA (Traditional,Roth) | |
| 1.00% | $500 | - | 36 Month Fixed IRA (Traditional,Roth) | |
| 1.00% | $50 | - | 36 Month Fixed CESA | |
| 0.90% | $500 | - | 24 Month Fixed IRA (Traditional,Roth) | |
| 0.90% | $50 | - | 24 Month Fixed CESA | |
| 0.80% | $500 | - | 18 Month Fixed IRA (Traditional,Roth) | |
| 0.80% | $50 | - | 18 Month Fixed CESA | |
| 0.70% | $500 | - | 12 Month Fixed IRA (Traditional,Roth) | |
| 0.70% | $50 | - | 12 Month Fixed CESA |
| TriStar Bank Locations | ||
|---|---|---|
| Kroger Branch | 143 Henslee Drive | Dickson, TN 37055 |
| Pomona Branch | 1901 Highway 46 South | Dickson, TN 37055 |
| Columbia Branch | 1909 Shady Brook Street | Columbia, TN 38402 |
| Charlotte Branch | 3416 Highway 48 North | Charlotte, TN 37036 |
| Spring Hill Branch | 4930 Columbia Highway | Spring Hill, TN 37174 |
| Tristar Bank | 719 East College Street | Dickson, TN 37055 |