CapStar Bank
CapStar Bank reported total assets of $3.0 bn at Q1 2024, its last Call Report before it merged into Old National Bank. Its common equity tier 1 ratio was 13.51%, and an estimated 42.66% of domestic deposits were uninsured. Source: FDIC Call Report data, cross-checked against FFIEC filings.
- Return on equity (ROE): down 13.73 pp on Q4 2023, to -4.74%
- Uninsured share of domestic deposits: up 5.39 pp on Q4 2023, to 42.66%
- Total deposits: down 4.1% on Q4 2023, to $2.6 bn
Ranks compare banks in our US coverage that report each metric. Sparklines: the last ten years. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Overview
What stands out about CapStar Bank?
Its largest one-quarter change in total assets since Q1 2016 was +38.6% between Q3 2018 and Q4 2018, when it absorbed Athens Federal Community Bank National Association. Against its six size peers, its return on equity (ROE) stands out most: -4.74% at Q1 2024, below the peer median of 9.11%.
How large is CapStar Bank?
At Q1 2024 the bank held $3.0 bn of assets. Deposits were $2.6 bn and net loans and leases $2.3 bn, a loan-to-deposit ratio of 88.73%. Securities of $344.5 mn made up 11.3% of assets.
Total assets rose 148.5% between Q1 2016 and Q1 2024, from $1.2 bn.
How much of its funding is uninsured?
An estimated 42.66% of domestic deposits were above the FDIC insurance limit at Q1 2024, +5.39 pp from the previous quarter and -11.59 pp from a year earlier.
Key facts, Q1 2024
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total assets | $3.0 bn | -5.9% | |
| Total deposits | $2.6 bn | -7.2% | |
| Net loans and leases | $2.3 bn | -5.8% | |
| Bank equity capital | $372.6 mn | +0.3% | |
| Common equity tier 1 (CET1) ratio | 13.51% | +1.47 pp | |
| Tier 1 leverage ratio | 12.41% | +0.73 pp | |
| Return on equity (ROE) | -4.74% | -12.14 pp | |
| Net interest margin | 2.77% | -0.49 pp | |
| Uninsured share of domestic deposits | 42.66% | -11.59 pp | |
| Noncurrent loans to total loans | 0.81% | +0.35 pp | |
| Net charge-offs to average loans | 0.05% | +0.02 pp |
US rank: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.
Balance sheet
Total assets, deposits and net loans, quarterly, Q1 2016 to Q1 2024. Dashed amber lines mark the mergers and acquisitions listed under Mergers and acquisitions.
- Total assets $3.0bn
- Deposits $2.6bn
- Net loans $2.3bn
Capital and securities
The common equity tier 1 (CET1) ratio was 13.51% at Q1 2024, +1.47 pp from a year earlier. Since Q1 2016 it has ranged from 7.91% (Q1 2017) to 14.11% (Q4 2021). At Q1 2024 the tier 1 leverage ratio was 12.41% and the total risk-based capital ratio 15.08%. The median CET1 ratio of the size peers listed below was 13.37% at Q1 2024.
Available-for-sale securities showed an unrealized loss of $69.5 mn at Q1 2024; the loss widened by $7.9 mn from a year earlier.
Capital ratios
- Total capital 15%
- CET1 14%
- Tier 1 leverage 12%
Unrealized gains and losses on securities
- Available for sale -$70mn
- Held to maturity $0
Profitability and loan quality
Return on equity was -4.74% for the year to Q1 2024, annualized, with a return on assets of -0.58% and a net interest margin of 2.77%. The margin was -0.49 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 122.13%. Net income for the year to Q1 2024 was -$4.5 mn, down 164.7% on the same period a year earlier. The median return on equity of its size peers was 9.11% for the same period.
Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 0.81% of total loans at Q1 2024. Net charge-offs for the year to date were 0.05% of average loans, annualized.
Profitability
- Return on equity -4.7%
- Net interest margin 2.8%
- Return on assets -0.6%
Compared with banks of similar size
The six banks ranked closest to CapStar Bank by total assets at Q1 2024, three above and three below where possible.
Among the seven banks in the table at Q1 2024, CapStar Bank is 4th by total assets. Its CET1 ratio of 13.51% compares with a peer median of 13.37%, its tier 1 leverage ratio of 12.41% compares with a peer median of 10.92%, and its return on equity of -4.74% compares with a peer median of 9.11%.
| Bank | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|
| American National Bank and Trust Company | $3.1 bn | 12.61% | 7.57% | 38.24% | |
| The Bank of Tampa | $3.1 bn | 13.77% | 12.10% | 52.51% | |
| Bank of Ann Arbor | $3.0 bn | 11.80% | 12.31% | 44.76% | |
| CapStar Bank | $3.0 bn | 13.51% | -4.74% | 42.66% | |
| Union Savings Bank | $3.0 bn | not reported | 4.78% | 20.05% | |
| Bank of Utah | $3.0 bn | 16.95% | 10.04% | 72.51% | |
| Colony Bank | $3.0 bn | 13.37% | 8.17% | 30.80% | |
Q1 2024. Peer median (the six banks, excluding this one): CET1 13.37%, return on equity 9.11%. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Last eight quarters
CapStar Bank, as reported in its Call Reports.
From Q2 2022 to Q1 2024, total assets fell 1.7% to $3.0 bn, deposits fell 2.9% to $2.6 bn and bank equity capital fell 0.6% to $372.6 mn. Over the same period its full-time equivalent staff went from 391 to 355 and its offices went from 20 to 23.
| Metric | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $3.1 bn | $3.2 bn | $3.1 bn | $3.2 bn | $3.2 bn | $3.3 bn | $3.1 bn | $3.0 bn |
| Total deposits | $2.6 bn | $2.6 bn | $2.7 bn | $2.8 bn | $2.7 bn | $2.8 bn | $2.7 bn | $2.6 bn |
| Bank equity capital | $374.9 mn | $364.9 mn | $375.6 mn | $371.4 mn | $361.8 mn | $362.3 mn | $380.9 mn | $372.6 mn |
| Common equity tier 1 (CET1) ratio | 12.90% | 12.74% | 12.79% | 12.04% | 12.32% | 13.36% | 13.89% | 13.51% |
| Return on equity (ROE) | 11.17% | 10.53% | 10.75% | 7.40% | 8.29% | 8.91% | 8.99% | -4.74% |
| Uninsured share of domestic deposits | 51.67% | 55.52% | 56.61% | 54.25% | 38.19% | 37.90% | 37.27% | 42.66% |
| Full-time equivalent employees | 391 | 387 | 397 | 401 | 381 | 366 | 367 | 355 |
| Number of offices | 20 | 21 | 21 | 23 | 23 | 23 | 23 | 23 |
Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Mergers and acquisitions
Figures before and after each event are not like for like.
- . Absorbed Athens Federal Community Bank National Association (FDIC certificate 29085).
- . Absorbed The Bank of Waynesboro (FDIC certificate 2375).
- . Absorbed The First National Bank of Manchester (FDIC certificate 4951).
- . Merged into Old National Bank (FDIC certificate 3832).
Large one-quarter moves
- Total assets changed by +38.6% in the quarter to 2018-12-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Athens Federal Community Bank National Association.
Source: FDIC BankFind API, institution history. Moves of more than 25% in one quarter are checked against that history in our review.
Identifiers and sources
- FDIC certificate
- 58823
- Federal Reserve RSSD ID
- 3715444
- Head office
- Nashville, Tennessee
- Holding company
- CAPSTAR FINANCIAL HOLDINGS INC (as reported to the FDIC)
- Holding company RSSD ID
- 4933272
- EconoMonitor ID
- EMB-US-000510
Frequently asked questions
What were CapStar Bank's total assets?
$3.0 bn at Q1 2024, according to its Call Report as published by the FDIC.
Is CapStar Bank the same as its holding company?
No. This page covers the FDIC-insured bank (certificate 58823). Its holding company, CAPSTAR FINANCIAL HOLDINGS INC (as reported to the FDIC), reports separately to the Federal Reserve and, if its shares are listed, to the SEC.
How often is this page updated?
Every quarter, after CapStar Bank files its Call Report and the FDIC publishes it. This page shows Q1 2024, loaded on 19 October 2026; any sentence that uses an earlier quarter names it.
Where can I check these numbers?
In the FDIC BankFind Suite record for certificate 58823, and in the Call Reports filed under RSSD ID 3715444 at the FFIEC Central Data Repository.
Sources and definitions
Definitions, Call Report fields and formulas for each metric: Bank equity capital, Uses community bank leverage ratio framework, Common equity tier 1 (CET1) ratio, Deposits in domestic offices, Efficiency ratio, Full-time equivalent employees, Loan-to-deposit ratio, Total loans and leases (gross), Net loans and leases, Net charge-offs to average loans, Net income (year to date), Net interest margin, Noncurrent loans to total loans, Number of offices, Return on assets (ROA), Return on equity (ROE), Available-for-sale securities (amortized cost), Available-for-sale securities (fair value), Held-to-maturity securities (amortized cost), Held-to-maturity securities (fair value), Total securities, Tier 1 leverage ratio, Total assets, Total deposits, Total equity capital, Total risk-based capital ratio, Uninsured share of domestic deposits, Estimated uninsured deposits, Unrealized gain/loss on available-for-sale securities, Unrealized gain/loss on held-to-maturity securities.
Checks for this release: Check A (database against the FDIC download) passed, Check B (FDIC against FFIEC Call Report filings) passed.
Source: FDIC BankFind Suite (Call Report data). EconoMonitor is not affiliated with or endorsed by the FDIC. FDIC BankFind Suite API.
Source: FFIEC Central Data Repository (Call Reports). EconoMonitor is not affiliated with or endorsed by the FFIEC. FFIEC Central Data Repository, Public Data Distribution.
Data and analysis only, not financial advice. The FDIC and the FFIEC do not endorse EconoMonitor. See the disclaimer and methodology.