STAR Financial Bank

Headquarters

127 West Berry Street
Fort Wayne, IN 46802
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.02% 1.20% →
1-Year CD 0.10% 1.10% →
2-Year CD 0.20% 1.15% →
5-Year CD 0.45% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

STAR Financial Bank is an FDIC insured institution located in Fort Wayne, IN. It was founded in 1988 and has approximately $2.1 billion in assets. Customers can open an account at one of its 46 branches.

FDIC Insured Yes
FDIC Certificate # 27235
Date Established 1988
Assets $ 2.10 billion
Loans $ 1,463.92 million
Deposits $ 1,815.66 million
Capital $ 237.05 million
 

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

Deposit Rates - August 5, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.02% $2,500 $4,999 Learn More
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.01% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $10,000 $14,999 Learn More
3 Mo CD
0.05% $100,000 $199,999 Learn More
6 Mo CD
0.05% $10,000 $14,999 Learn More
6 Mo CD
0.05% $100,000 $199,999 Learn More
12 Mo CD
0.10% $10,000 $14,999 Learn More
12 Mo CD
0.10% $100,000 $199,999 Learn More
18 Mo CD
0.15% $10,000 $14,999 Learn More
18 Mo CD
0.15% $100,000 $199,999 Learn More
24 Mo CD
0.20% $10,000 $14,999 Learn More
24 Mo CD
0.20% $100,000 $199,999 Learn More
30 Mo CD
0.30% $10,000 $14,999 Learn More
30 Mo CD
0.30% $100,000 $199,999 Learn More
36 Mo CD
0.35% $10,000 $14,999 Learn More
36 Mo CD
0.35% $100,000 $199,999 Learn More
48 Mo CD
0.40% $10,000 $14,999 Learn More
48 Mo CD
0.40% $100,000 $199,999 Learn More
60 Mo CD
0.45% $10,000 $14,999 Learn More
60 Mo CD
0.45% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $99 Learn MoreShow Less
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 5, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for STAR Financial 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
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.755% 2.690% 0.88 $2,148 $1,013 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

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

Branches

STAR Financial 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


STAR Financial Bank Locations


Financial Details

STAR Financial Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of STAR Financial 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
STAR Financial Bank U.S. Bank Average
5.76% 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, STAR Financial Bank had $12,773,000 in non-current loans and $2,050,000 in owned real estate. To cover these potential losses it had $237,054,000 in equity and $20,121,000 in loans loss reserves. That gives it a Texas Ratio of 5.76%.

Return on Equity
STAR Financial Bank U.S. Bank Average
8.35% 7.80%

STAR Financial Bank has a Return on Equity of 8.35% 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
STAR Financial Bank U.S. Bank Average
11.27% 12.68%

STAR Financial Bank has a Capitalization of 11.27% 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.

STAR Financial Bank Balance Sheet Analysis

As of March 31, 2020, STAR Financial Bank had assets of $2,102,643,000, loans of $1,463,918,000, and deposits of $1,815,656,000. 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 $ 103.76 million
Interest-bearing balances $ 36.81 million
Total securities $ 414.06 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,463.92 million
Loan loss allowance $ 20.12 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.05 million
Goodwill and other intangibles $ 4.22 million
All other assets $ 67.81 million
     Total Assets $ 1,865.59 million
LIABILITIES
Total deposits $ 1,815.66 million
      Interest-bearing deposits $ 1,167.26 million
      Deposits held in domestic offices $ 1,815.66 million
      % insured (estimated) 63.93%
Federal funds purchased and repurchase agreements $ 8.70 million
Trading liabilities N.A.
Other borrowed funds $ 29.48 million
Subordinated debt N.A.
All other liabilities $ 11.75 million
      Total Liabilities $ 1,865.59 million
      Shareholders’ Equity $ 237.05 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 20.10 million
Total Interest Expense $ 2.51 million
Net interest income $ 17.59 million
Provision for loan and lease losses $ 0.50 million
Total non interest income $ 5.91 million
Total non interest expense $ 17.00 million
Pre-tax Net Operating Income $ 6.00 million

Bank Loan Profile?

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

Compared to other banks in Indiana, STAR Financial Bank has a significantly higher percent of Construction and Development Loans, Commercial and Industrial Loans 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 20.53
Multifamily
Mortgages
3.19
Credit Card Loans 0.00
Consumer Auto Loans 1.25
Small Business Loans 4.68
Construction and Development Loans 8.62
Commercial Real Estate 28.16
Commercial and Industrial Loans 27.42
Farm Loans 2.26

Frequently Asked Questions About Star Financial Bank

Branches and Savings

Is Star Financial Bank FDIC insured?

Yes. It is covered under FDIC Certificate #27235.

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

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

Why are Star Financial Bank CD rates not competitive?

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

Is Star Financial Bank a commercial bank?

Yes

Where are Star Financial Bank locations?

See branch locations nearby.

Is Star Financial Bank open on Saturdays?

Is Star Financial Bank open on Sundays?

What time does Star Financial Bank open?

What time does Star Financial Bank close?

Are Star Financial Bank ATMs Open 24/7?

Do Star Financial Bank ATMs accept cash deposits?

Can Star Financial Bank customers use other ATMs?

Do Star Financial Bank branches have notaries?

Will Star Financial Bank notarize my document?

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

Will the Star Financial Bank branch print checks?

Do Star Financial Bank checks expire?

Does Star Financial Bank require US citizenship to open account?

Can Star Financial Bank close my account?

Does Star Financial Bank Report to credit bureaus?

Does Star Financial Bank Use Equifax?

What is Star Financial Bank's ACH Routing Number?

What is Star Financial Bank's SWIFT code?

Products

Does Star Financial Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Star Financial Bank offer personal loans?

Compare personal loan rates here.

Does Star Financial Bank offer student loans?

Will Star Financial Bank cash a check?

Will Star Financial Bank redeem a savings bond?

Does Star Financial Bank cash savings bonds?

Will Star Financial Bank cash money orders?

Can Star Financial Bank issue a money order?

Does Star Financial Bank do currency exchange?

Background on The Bank

Who owns Star Financial Bank?

How long has Star Financial Bank been around?

Can Star Financial Bank transfer to other banks?

Does Star Financial Bank have quick pay?

Does Star Financial Bank accept rolled coins?

Will Star Financial Bank accept loose change?

Where is Star Financial Bank headquarters?

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