Northstar Bank (merged into Independent Bank)
Northstar Bank reported total assets of $2.2 bn at Q1 2017, its last Call Report before it merged into Independent Bank. The CET1 capital ratio at Northstar Bank was 11.04%, and the uninsured share of Northstar Bank was 24.71%. Source: FDIC Call Reports.
Key takeaways
- Since , Northstar Bank has taken over one institution; the latest was Northstar Bank of Colorado on (FDIC Call Reports).
What sets Northstar Bank apart
How large is Northstar Bank?
The balance sheet of Northstar Bank at : assets $2.2 bn, deposits $1.8 bn, net loans $1.4 bn (loans equal to 75.62% of deposits). Securities make up 15.5% of total assets at Northstar Bank. Since , when Northstar Bank held $1.7 bn, its assets grew 29.8%. In the year to , deposits at Northstar Bank rose 32.1% while its total assets rose 29.8%. At , Northstar Bank employed 498 full-time equivalent staff across 43 offices, about $4.4 mn of assets per employee and $42.9 mn of deposits per office.
How much funding at Northstar Bank is uninsured?
At Northstar Bank, uninsured deposits (above the FDIC limit) made up 24.71% of domestic deposits at (-1.98 pp on a year earlier). In dollars, Northstar Bank estimated $455.7 mn of uninsured deposits.
Key facts, Q1 2017
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $1.8 bn | $1.4 bn (Q1 2016) | |
| Net loans and leases | $1.4 bn | $987.8 mn (Q1 2016) | |
| Loan-to-deposit ratio | 75.62% | 70.78% (Q1 2016) | |
| Tier 1 leverage ratio | 8.63% | 9.77% (Q1 2016) | |
| Total risk-based capital ratio | 12.04% | 14.33% (Q1 2016) | |
| Net interest margin | 4.03% | 3.87% (Q1 2016) | |
| Return on assets (ROA) | 1.22% | 1.03% (Q1 2016) | |
| Efficiency ratio | 61.91% | 63.32% (Q1 2016) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $2.0 mn | Turned from a gain into a loss | |
| Noncurrent loans to total loans | 0.78% | 0.61% (Q1 2016) | |
| Net charge-offs to average loans | 3.73% | 0.02% (Q1 2016) |
US rank of Northstar Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Northstar Bank: assets, deposits and loans
- Total assets $2.2bn
- Deposits $1.8bn
- Net loans $1.4bn
Capital and securities
The CET1 ratio of Northstar Bank stood at 11.04% in , -2.08 pp year on year. Low and high at Northstar Bank since : 11.04% () to 13.12% (). Equity capital of Northstar Bank at : $303.6 mn, or 14.0% of total assets. Northstar Bank also reported a total capital ratio of 12.04% for , and a tier 1 leverage ratio of 8.63%.
The available-for-sale portfolio of Northstar Bank showed an unrealized loss of $2.0 mn at ; the loss turned from a gain into a loss over the year.
Northstar Bank: capital ratios
- Total capital 12%
- CET1 11%
- Tier 1 leverage 8.6%
Northstar Bank: unrealized securities gains and losses
- Available for sale -$2mn
- Held to maturity $0
Profitability and loan quality
For the year to , Northstar Bank earned a return on equity of 8.61%; return on assets: 1.22%. Net interest margin at Northstar Bank: 4.03%, +0.16 pp in a year. Northstar Bank net income: $6.6 mn, up 52.0% year on year. The efficiency ratio of Northstar Bank was 61.91%: about 62 cents cost per revenue dollar, against 58 cents at the median peer.
At , noncurrent loans were 0.78% of total loans at Northstar Bank; net charge-offs: 3.73% of average loans. Gross loans and leases at Northstar Bank: $1.4 bn at , against $997.2 mn at .
Northstar Bank: profitability
- Return on equity 8.6%
- Net interest margin 4.0%
- Return on assets 1.2%
Peer group of Northstar Bank
The peer group of Northstar Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of Northstar Bank (state member bank) and 2 have head offices in Texas. Against them, Northstar Bank shows CET1 ratio 11.04% against a peer median of 11.89%, return on equity 8.61% against a peer median of 10.27% and uninsured deposit share 24.71% against a peer median of 26.67%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Monet Bank | State nonmember bank | TX | $2.2 bn | 37.40% | 14.58% | 40.13% | |
| WEX Bank | State nonmember bank | UT | $2.2 bn | 12.57% | 76.98% | 21.72% | |
| Bear State Bank | State member bank | AR | $2.2 bn | 11.22% | 9.39% | 19.88% | |
| Northstar Bank | State member bank | TX | $2.2 bn | 11.04% | 8.61% | 24.71% | |
| First State Community Bank | State nonmember bank | MO | $2.2 bn | 10.42% | 11.14% | 22.17% | |
| Bank Rhode Island | State member bank | RI | $2.2 bn | 10.99% | 1.78% | 31.18% | |
| Lone Star National Bank | National bank | TX | $2.1 bn | 17.31% | 5.52% | 52.69% | |
. FDIC Call Reports.
Last eight quarters
Two years at Northstar Bank, to : assets $1.7 bn to $2.2 bn, deposits $1.4 bn to $1.8 bn, equity $246.4 mn to $303.6 mn. Staff 362 to 498; offices 26 to 43.
| Metric | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 |
|---|---|---|---|---|---|
| Total assets | $1.7 bn | $1.7 bn | $1.7 bn | $2.2 bn | $2.2 bn |
| Total deposits | $1.4 bn | $1.3 bn | $1.4 bn | $1.8 bn | $1.8 bn |
| Bank equity capital | $246.4 mn | $250.5 mn | $253.1 mn | $312.0 mn | $303.6 mn |
| CET1 ratio | 13.12% | 12.99% | 12.18% | 11.35% | 11.04% |
| Return on equity (ROE) | 7.14% | 7.87% | 8.19% | 5.16% | 8.61% |
| Uninsured share of domestic deposits | 26.69% | 25.75% | 29.45% | 24.84% | 24.71% |
| Full-time equivalent employees | 362 | 365 | 379 | 470 | 498 |
| Number of offices | 26 | 26 | 25 | 43 | 43 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Northstar Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Northstar Bank of Colorado (FDIC certificate 23058).
- . Merged into Independent Bank (FDIC certificate 3076).
Large one-quarter moves at Northstar Bank
- Total assets at Northstar Bank changed by +28.5% in the quarter to 2016-12-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Northstar Bank of Colorado.
Questions and identifiers
What were the total assets of Northstar Bank?
Northstar Bank reported $2.2 bn at in its Call Report.
Is Northstar Bank the same as its holding company?
No. This page covers Northstar Bank, FDIC certificate 11561; CARLILE BANCSHARES INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Northstar Bank profitable?
Northstar Bank reported net income of $6.6 mn for the year to ; annualized return on equity: 8.61%. So yes: Northstar Bank made a profit over these months.
When is data for Northstar Bank next updated?
Northstar Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Northstar Bank?
In the FDIC BankFind Suite record for certificate 11561, and in the Call Reports of Northstar Bank (RSSD ID 646453) at the FFIEC Central Data Repository.