Copper Star Bank

Headquarters

7555 East Redfield Road
Scottsdale, AZ 85260
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Copper Star Bank is an FDIC insured institution located in Scottsdale, AZ. It was founded in 2000 and has approximately $0.2 billion in assets.

Copper Star Bank, Scottsdale, Arizona, was closed November 12, 2010 by the Superintendent of the Arizona Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with Stearns Bank National Association, St. Cloud, Minnesota, to assume all of the deposits of Copper Star Bank.

FDIC Insured Yes
FDIC Certificate # 35463
Date Established 2000
Assets $ 203.96 million
Loans $ 128.69 million
Deposits $ 190.18 million
Capital N.A.
 

For a more detailed analysis of Copper Star Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 3, 2020

Your Current Location: Virginia, VA 20146

 

Loan Rates - December 3, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Copper Star Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.686% 2.625% 0.63 $2,008 $1,005 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.556% 2.500% 0.75 $1,852 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Copper Star Bank
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Branches

Copper Star 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:
Ashburn,Virginia


Copper Star Bank Locations


Financial Details

Copper Star Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Copper Star 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
Copper Star Bank U.S. Bank Average
838.44% 6.94%

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 March 31, 2020, Copper Star Bank had $27,858,000 in non-current loans and $26,154,000 in owned real estate. To cover these potential losses it had $-2,354,000 in equity and $8,796,000 in loans loss reserves. That gives it a Texas Ratio of 838.44%.

Return on Equity
Copper Star Bank U.S. Bank Average
-289.18% 7.80%

Copper Star Bank has a Return on Equity of -289.18% versus the BestCashCow average of 7.80%. 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
Copper Star Bank U.S. Bank Average
-1.15% 12.68%

Copper Star Bank has a Capitalization of -1.15% versus the BestCashCow average of 12.68. 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.

Copper Star Bank Balance Sheet Analysis

As of November 30, -0001, Copper Star Bank had assets of $203,955,000, loans of $128,689,000, and deposits of $190,182,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 128.69 million
Loan loss allowance $ 8.80 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 26.15 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 190.18 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 203.96 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Copper Star Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Copper Star 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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Copper Star Bank

Branches and Savings

Is Copper Star Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35463.

Why does Copper Star Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Copper Star Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Copper Star Bank a commercial bank?

Yes

Where are Copper Star Bank locations?

See branch locations nearby.

Is Copper Star Bank open on Saturdays?

Is Copper Star Bank open on Sundays?

What time does Copper Star Bank open?

What time does Copper Star Bank close?

Are Copper Star Bank ATMs Open 24/7?

Do Copper Star Bank ATMs accept cash deposits?

Can Copper Star Bank customers use other ATMs?

Do Copper Star Bank branches have notaries?

Will Copper Star Bank notarize my document?

What address for Copper Star Bank should I put for incoming ACH transfers?

Will the Copper Star Bank branch print checks?

Do Copper Star Bank checks expire?

Does Copper Star Bank require US citizenship to open account?

Can Copper Star Bank close my account?

Does Copper Star Bank Report to credit bureaus?

Does Copper Star Bank Use Equifax?

What is Copper Star Bank's ACH Routing Number?

What is Copper Star Bank's SWIFT code?

Products

Does Copper Star Bank offer mortgages?

Compare mortgage rates here.

Does Copper Star Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Copper Star Bank offer personal loans?

Compare personal loan rates here.

Does Copper Star Bank offer student loans?

Will Copper Star Bank cash a check?

Will Copper Star Bank redeem a savings bond?

Does Copper Star Bank cash savings bonds?

Will Copper Star Bank cash money orders?

Can Copper Star Bank issue a money order?

Does Copper Star Bank do currency exchange?

Background on The Bank

Who owns Copper Star Bank?

How long has Copper Star Bank been around?

Can Copper Star Bank transfer to other banks?

Does Copper Star Bank have quick pay?

Does Copper Star Bank accept rolled coins?

Will Copper Star Bank accept loose change?

Where is Copper Star Bank headquarters?

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