Trustar Bank

Headquarters

9983 Georgetown Pike
Great Falls, VA 22066
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.65% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Trustar Bank is an FDIC insured institution located in Great Falls, VA. It was founded in 2019 and has approximately $0.38 billion in assets.

FDIC Insured Yes
FDIC Certificate # 59183
Date Established 2019
Assets $ 375.85 million
Loans $ 321.84 million
Deposits $ 297.84 million
Capital $ 46.04 million
 

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

Deposit Rates - July 24, 2021

Your Current Location: Virginia, VA 20146

 

Loan Rates - July 24, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Trustar 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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
CashCall Mortgage
NMLS ID: 128231
2.701% 2.625%
1.00 points
$2,500 fees
$1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
4.840 %
$0 Learn More
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Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Trustar Bank
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Branches

Trustar 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


Trustar Bank Locations


Financial Details

Trustar Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Trustar 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
Trustar Bank U.S. Bank Average
0% 5.29%

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, 2021, Trustar Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $46,044,000 in equity and $2,902,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Trustar Bank U.S. Bank Average
-7.6% 11.43%

Trustar Bank has a Return on Equity of -7.6% versus the BestCashCow average of 11.43%. 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
Trustar Bank U.S. Bank Average
12.25% 11.51%

Trustar Bank has a Capitalization of 12.25% versus the BestCashCow average of 11.51. 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.

Trustar Bank Balance Sheet Analysis

As of March 31, 2021, Trustar Bank had assets of $375,854,000, loans of $321,841,000, and deposits of $297,838,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 19.33 million
Interest-bearing balances $ 18.83 million
Total securities $ 29.55 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 321.84 million
Loan loss allowance $ 2.90 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.15 million
All other assets $ 2.58 million
     Total Assets $ 329.81 million
LIABILITIES
Total deposits $ 297.84 million
      Interest-bearing deposits $ 224.37 million
      Deposits held in domestic offices $ 297.84 million
      % insured (estimated) 36.98%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 30.05 million
Subordinated debt N.A.
All other liabilities $ 1.92 million
      Total Liabilities $ 329.81 million
      Shareholders’ Equity $ 46.04 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 3.19 million
Total Interest Expense $ 0.47 million
Net interest income $ 2.72 million
Provision for loan and lease losses $ 0.46 million
Total non interest income $ 0.35 million
Total non interest expense $ 3.03 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Virginia, Trustar Bank has a significantly higher percent of Construction and Development 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 21.77
Multifamily
Mortgages
0.14
Credit Card Loans 0.00
Consumer Auto Loans 0.11
Small Business Loans 0.00
Construction and Development Loans 19.70
Commercial Real Estate 32.40
Commercial and Industrial Loans 26.33
Farm Loans 0.00

Frequently Asked Questions About Trustar Bank

Branches and Savings

Is Trustar Bank FDIC insured?

Yes. It is covered under FDIC Certificate #59183.

Why does Trustar Bank pay such low interest on savings accounts?

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

Why are Trustar Bank CD rates not competitive?

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

Is Trustar Bank a commercial bank?

Yes

Where are Trustar Bank locations?

See branch locations nearby.

Is Trustar Bank open on Saturdays?

Is Trustar Bank open on Sundays?

What time does Trustar Bank open?

What time does Trustar Bank close?

Are Trustar Bank ATMs Open 24/7?

Do Trustar Bank ATMs accept cash deposits?

Can Trustar Bank customers use other ATMs?

Do Trustar Bank branches have notaries?

Will Trustar Bank notarize my document?

What address for Trustar Bank should I put for incoming ACH transfers?

Will the Trustar Bank branch print checks?

Do Trustar Bank checks expire?

Does Trustar Bank require US citizenship to open account?

Can Trustar Bank close my account?

Does Trustar Bank Report to credit bureaus?

Does Trustar Bank Use Equifax?

What is Trustar Bank's ACH Routing Number?

What is Trustar Bank's SWIFT code?

Products

Does Trustar Bank offer mortgages?

Compare mortgage rates here.

Does Trustar Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Trustar Bank offer personal loans?

Compare personal loan rates here.

Does Trustar Bank offer student loans?

Will Trustar Bank cash a check?

Will Trustar Bank redeem a savings bond?

Does Trustar Bank cash savings bonds?

Will Trustar Bank cash money orders?

Can Trustar Bank issue a money order?

Does Trustar Bank do currency exchange?

Background on The Bank

Who owns Trustar Bank?

How long has Trustar Bank been around?

Can Trustar Bank transfer to other banks?

Does Trustar Bank have quick pay?

Does Trustar Bank accept rolled coins?

Will Trustar Bank accept loose change?

Where is Trustar Bank headquarters?

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