CapStar Bank (merged into Old National Bank)
CapStar Bank reported total assets of $3.0 bn at Q1 2024, its last Call Report before it merged into Old National Bank. The CET1 capital ratio at CapStar Bank was 13.51%, and the uninsured share of CapStar Bank was 42.66%. Source: FDIC Call Reports.
Key takeaways
- Since , CapStar Bank has taken over 3 institutions; the latest was The First National Bank of Manchester on (FDIC Call Reports).
What sets CapStar Bank apart
How large is CapStar Bank?
The balance sheet of CapStar Bank at : assets $3.0 bn, deposits $2.6 bn, net loans $2.3 bn (loans equal to 88.73% of deposits). Securities make up 11.3% of total assets at CapStar Bank. Since , when CapStar Bank held $1.2 bn, its assets grew 148.5%. In the year to , deposits at CapStar Bank fell 7.2% while its total assets fell 5.9%. At , CapStar Bank employed 355 full-time equivalent staff across 23 offices, about $8.6 mn of assets per employee and $111.4 mn of deposits per office.
How much funding at CapStar Bank is uninsured?
At CapStar Bank, uninsured deposits (above the FDIC limit) made up 42.66% of domestic deposits at (-11.59 pp on a year earlier). In dollars, CapStar Bank estimated $1.1 bn of uninsured deposits.
Key facts, Q1 2024
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.6 bn | $2.8 bn (Q1 2023) | |
| Net loans and leases | $2.3 bn | $2.4 bn (Q1 2023) | |
| Loan-to-deposit ratio | 88.73% | 87.42% (Q1 2023) | |
| Tier 1 leverage ratio | 12.41% | 11.68% (Q1 2023) | |
| Total risk-based capital ratio | 15.08% | 13.48% (Q1 2023) | |
| Net interest margin | 2.77% | 3.25% (Q1 2023) | |
| Return on assets (ROA) | -0.58% | 0.87% (Q1 2023) | |
| Efficiency ratio | 122.13% | 61.68% (Q1 2023) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $69.5 mn | Widened by $7.9 mn | |
| Noncurrent loans to total loans | 0.81% | 0.46% (Q1 2023) | |
| Net charge-offs to average loans | 0.05% | 0.03% (Q1 2023) |
US rank of CapStar Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
CapStar Bank: assets, deposits and loans
- Total assets $3.0bn
- Deposits $2.6bn
- Net loans $2.3bn
Capital and securities
The CET1 ratio of CapStar Bank stood at 13.51% in , +1.47 pp year on year. Low and high at CapStar Bank since : 7.91% () to 14.11% (). Equity capital of CapStar Bank at : $372.6 mn, or 12.3% of total assets. CapStar Bank also reported a total capital ratio of 15.08% for , and a tier 1 leverage ratio of 12.41%.
The available-for-sale portfolio of CapStar Bank showed an unrealized loss of $69.5 mn at ; the loss widened by $7.9 mn over the year.
CapStar Bank: capital ratios
- Total capital 15%
- CET1 14%
- Tier 1 leverage 12%
CapStar Bank: unrealized securities gains and losses
- Available for sale -$70mn
- Held to maturity $0
Profitability and loan quality
For the year to , CapStar Bank earned a return on equity of -4.74%; return on assets: -0.58%. Net interest margin at CapStar Bank: 2.77%, -0.49 pp in a year. CapStar Bank net income: -$4.5 mn, down 164.7% year on year. The efficiency ratio of CapStar Bank was 122.13%: about 122 cents cost per revenue dollar, against 62 cents at the median peer.
At , noncurrent loans were 0.81% of total loans at CapStar Bank; net charge-offs: 0.05% of average loans. Gross loans and leases at CapStar Bank: $2.3 bn at , against $2.4 bn at .
CapStar Bank: profitability
- Return on equity -4.7%
- Net interest margin 2.8%
- Return on assets -0.6%
Peer group of CapStar Bank
The peer group of CapStar Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of CapStar Bank (state member bank) and 0 have head offices in Tennessee. Against them, CapStar Bank shows CET1 ratio 13.51% against a peer median of 13.37%, return on equity -4.74% against a peer median of 9.11% and uninsured deposit share 42.66% against a peer median of 41.50%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| American National Bank and Trust Company | National bank | VA | $3.1 bn | 12.61% | 7.57% | 38.24% | |
| The Bank of Tampa | State nonmember bank | FL | $3.1 bn | 13.77% | 12.10% | 52.51% | |
| Bank of Ann Arbor | State nonmember bank | MI | $3.0 bn | 11.80% | 12.31% | 44.76% | |
| CapStar Bank | State member bank | TN | $3.0 bn | 13.51% | -4.74% | 42.66% | |
| Union Savings Bank | State-chartered stock savings bank | CT | $3.0 bn | not reported | 4.78% | 20.05% | |
| Bank of Utah | State nonmember bank | UT | $3.0 bn | 16.95% | 10.04% | 72.51% | |
| Colony Bank | State nonmember bank | GA | $3.0 bn | 13.37% | 8.17% | 30.80% | |
. FDIC Call Reports.
Last eight quarters
Two years at CapStar Bank, to : assets $3.1 bn to $3.0 bn, deposits $2.6 bn to $2.6 bn, equity $374.9 mn to $372.6 mn. Staff 391 to 355; offices 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 |
| 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 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of CapStar Bank, oldest first; 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 at CapStar Bank
- Total assets at CapStar Bank 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.
Questions and identifiers
What were the total assets of CapStar Bank?
CapStar Bank reported $3.0 bn at in its Call Report.
Is CapStar Bank the same as its holding company?
No. This page covers CapStar Bank, FDIC certificate 58823; CAPSTAR FINANCIAL HOLDINGS INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is CapStar Bank profitable?
CapStar Bank reported net income of -$4.5 mn for the year to ; annualized return on equity: -4.74%. So no: CapStar Bank made a loss over these months.
When is data for CapStar Bank next updated?
CapStar Bank no longer files Call Reports; its data ends at .
Where can I check the figures for CapStar Bank?
In the FDIC BankFind Suite record for certificate 58823, and in the Call Reports of CapStar Bank (RSSD ID 3715444) at the FFIEC Central Data Repository.