North Star Bank

Headquarters

1820 North Lexington Avenue
Roseville, MN 55113
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.03% 1.05% →
1-Year CD 0.30% 0.95% →
2-Year CD 0.50% 1.05% →
5-Year CD 0.65% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

North Star Bank is an FDIC insured institution located in Roseville, MN. It was founded in 1947 and has approximately $0.29 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 16733
Date Established 1947
Assets $ 293.75 million
Loans $ 197.21 million
Deposits $ 262.12 million
Capital $ 31.09 million
 

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

Deposit Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.03% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
Special: 11 Mo CD
0.55% $2,500 - Learn More
12 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.30% $100,000 $199,999 Learn More
18 Mo CD
0.40% $10,000 $14,999 Learn More
18 Mo CD
0.40% $100,000 $199,999 Learn More
Special: 20 Mo CD
0.60% $2,500 - Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
Special: 27 Mo CD
0.75% $2,500 - Learn More
30 Mo CD
0.50% $10,000 $14,999 Learn More
30 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.55% $10,000 $14,999 Learn More
36 Mo CD
0.55% $100,000 $199,999 Learn More
48 Mo CD
0.60% $10,000 $14,999 Learn More
48 Mo CD
0.60% $100,000 $199,999 Learn More
60 Mo CD
0.65% $10,000 $14,999 Learn More
60 Mo CD
0.65% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.30% $1 $999 Learn MoreShow Less
Special: 11 Mo FIRA
0.55% $2,500 - Learn MoreShow Less
Special: 20 Mo FIRA
0.60% $2,500 - Learn MoreShow Less
Special: 27 Mo FIRA
0.75% $2,500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $1 $99 Learn MoreShow Less
Int Ckg
0.03% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for North Star Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More

Featured - Connecticut 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
2.990 %
$0 Learn More
More Info

Note to North Star Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

North 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:
Fairfield,Connecticut


North Star Bank Locations


Financial Details

North Star Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of North 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
North Star Bank U.S. Bank Average
1.59% 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, North Star Bank had $420,000 in non-current loans and $112,000 in owned real estate. To cover these potential losses it had $31,091,000 in equity and $2,399,000 in loans loss reserves. That gives it a Texas Ratio of 1.59%.

Return on Equity
North Star Bank U.S. Bank Average
11.01% 7.80%

North Star Bank has a Return on Equity of 11.01% 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
North Star Bank U.S. Bank Average
10.58% 12.68%

North Star Bank has a Capitalization of 10.58% 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.

North Star Bank Balance Sheet Analysis

As of March 31, 2020, North Star Bank had assets of $293,745,000, loans of $197,208,000, and deposits of $262,124,000. 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 $ 21.70 million
Interest-bearing balances $ 18.30 million
Total securities $ 69.41 million
Federal funds sold and reverse repurchase $ 0.25 million
Net loans and leases $ 197.21 million
Loan loss allowance $ 2.40 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.11 million
Goodwill and other intangibles N.A.
All other assets $ 1.52 million
     Total Assets $ 262.65 million
LIABILITIES
Total deposits $ 262.12 million
      Interest-bearing deposits $ 219.05 million
      Deposits held in domestic offices $ 262.12 million
      % insured (estimated) 87.11%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.53 million
      Total Liabilities $ 262.65 million
      Shareholders’ Equity $ 31.09 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.09 million
Total Interest Expense $ 0.34 million
Net interest income $ 2.75 million
Provision for loan and lease losses $ 0.06 million
Total non interest income $ 0.13 million
Total non interest expense $ 1.90 million
Pre-tax Net Operating Income $ 0.92 million

Bank Loan Profile?

The top three loan types in North Star Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Minnesota, North Star Bank has a significantly higher percent of Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

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 7.72
Multifamily
Mortgages
4.65
Credit Card Loans 0.00
Consumer Auto Loans 0.06
Small Business Loans 0.00
Construction and Development Loans 2.31
Commercial Real Estate 54.19
Commercial and Industrial Loans 26.05
Farm Loans 0.00

Frequently Asked Questions About North Star Bank

Branches and Savings

Is North Star Bank FDIC insured?

Yes. It is covered under FDIC Certificate #16733.

Why does North 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 North Star Bank CD rates not competitive?

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

Is North Star Bank a commercial bank?

Yes

Where are North Star Bank locations?

See branch locations nearby.

Is North Star Bank open on Saturdays?

Is North Star Bank open on Sundays?

What time does North Star Bank open?

What time does North Star Bank close?

Are North Star Bank ATMs Open 24/7?

Do North Star Bank ATMs accept cash deposits?

Can North Star Bank customers use other ATMs?

Do North Star Bank branches have notaries?

Will North Star Bank notarize my document?

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

Will the North Star Bank branch print checks?

Do North Star Bank checks expire?

Does North Star Bank require US citizenship to open account?

Can North Star Bank close my account?

Does North Star Bank Report to credit bureaus?

Does North Star Bank Use Equifax?

What is North Star Bank's ACH Routing Number?

What is North Star Bank's SWIFT code?

Products

Does North Star Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does North Star Bank offer personal loans?

Compare personal loan rates here.

Does North Star Bank offer student loans?

Will North Star Bank cash a check?

Will North Star Bank redeem a savings bond?

Does North Star Bank cash savings bonds?

Will North Star Bank cash money orders?

Can North Star Bank issue a money order?

Does North Star Bank do currency exchange?

Background on The Bank

Who owns North Star Bank?

How long has North Star Bank been around?

Can North Star Bank transfer to other banks?

Does North Star Bank have quick pay?

Does North Star Bank accept rolled coins?

Will North Star Bank accept loose change?

Where is North Star Bank headquarters?

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