Starion Bank Mortgage Rates, Fees & Info
Bismarck, NDLEI: 54930019RBT2SM6CQS78
Tax ID: 45-0427679
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Review & Overview
Starion Bank is a smaller bank specializing in Home Purchase and Refi loans. Starion Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Madison, Bismarck, Watertown, Fargo, and Williston among others. We have data for 32 markets. (Some data included below & more in-depth data is available with an active subscription.)Starion Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Starion Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.34% | 11/22/24 |
30 Year Conventional Refi | 6.49% | 11/22/24 |
30 Year Cash-out Refi | 6.68% | 11/22/24 |
30 Year FHA Purchase | 7.11% | 11/22/24 |
15 Year Conventional Purchase | 5.51% | 11/22/24 |
15 Year Conventional Refi | 5.96% | 11/22/24 |
15 Year Cash-out Refi | 5.96% | 11/22/24 |
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. |
Starion Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
365Origination Dollar Volume (All Markets)
$134,415,000Employee count
221 Show all (2) awardsStarion Bank - 2019
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
MADISON, WI (FHA|USDA|VA) | 75 | $46,545,000 | $620,600 | $1,754 | 4.57% |
BISMARCK, ND (FHA|USDA|VA) | 157 | $33,375,000 | $212,580 | $3,936 | 4.36% |
Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 2 | $14,530,000 | $7,265,000 | $2,320 | 4.29% |
FARGO, ND-MN (FHA|USDA|VA) | 30 | $14,510,000 | $483,667 | $4,179 | 4.86% |
Outside of Metro Areas | 58 | $9,260,000 | $159,655 | $3,731 | 4.53% |
Williston, ND (FHA|USDA|VA) | 1 | $6,485,000 | $6,485,000 | $0 | 5.50% |
Aberdeen, SD (FHA|USDA|VA) | 1 | $1,075,000 | $1,075,000 | $0 | 4.85% |
Fergus Falls, MN (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $3,045 | 4.25% |
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $4,860 | 4.16% |
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $3,355 | 5.06% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $3,398 | 4.06% |
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $4,669 | 4.00% |
Minot, ND (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $3,616 | 5.71% |
Brainerd, MN (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,991 | 4.38% |
Beaver Dam, WI (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $1,564 | 3.88% |
Baraboo, WI (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $1,599 | 4.44% |
ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,811 | 4.00% |
WICHITA, KS (FHA|USDA|VA) | 4 | $260,000 | $65,000 | $2,628 | 5.22% |
PROVO-OREM, UT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.85% |
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,158 | 4.88% |
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,379 | 3.75% |
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,001 | 3.75% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,506 | 3.88% |
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,344 | 3.63% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,745 | 3.00% |
Dickinson, ND (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.50% |
GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,581 | 4.00% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.25% |
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,975 | 3.63% |
JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,035 | 4.38% |
DULUTH, MN-WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,916 | 3.63% |
Owatonna, MN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,284 | 4.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Starion Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 351 | $131,935,000 | $375,883 | $3,390 | 4.49% |
FHA | 7 | $1,355,000 | $193,571 | $5,817 | 4.32% |
USDA | 7 | $1,125,000 | $160,714 | $4,669 | 4.43% |
For 2019, Starion Bank's most frequently originated type of loan was Conventional, with 351 originations. Their 2nd most popular type was FHA, with 7 originations.
Loan Reason
For 2019, Starion Bank's most frequently cited loan purpose was Home Purchase, with 195 originations. The 2nd most popular reason was Refi, with 115 originations.
Loan Duration/Length
For 2019, Starion Bank's most frequently cited loan duration was 30 Year, with 172 originations. The 2nd most popular length was 5 Year, with 71 originations.
Origination Fees/Closing Costs
Starion Bank's average total fees were $3,828, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 117 originations.
Interest Rates
During 2019, Starion Bank's average interest rate for loans was 4.10%, while their most frequently originated rate bucket for loans was 3-4%, with 132 originations.
Loan Sizing
2019 saw Starion Bank place emphasis on $200k-400k loans with 129 originations, totaling $35,595,000 in origination value.
Applicant Income
Starion Bank lent most frequently to those with incomes in the $100k-150k range, with 67 originations. The second most popular income band? $150k-250k, with 52 originations.
Applicant Debt to Income Ratio
Starion Bank lent most frequently to those with DTI ratios of 20-30%, with 77 originations. The next most common DTI ratio? 30-36%, with 51 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.32%
Starion Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.64%
Starion Bank has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 365 | $134,415,000 | $368,260 |
Occupancy Type Mix
LTV Distribution
Complaints
Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
Stearns Ventures, LLC | VA mortgage | Trouble during payment process | 2 | 7.1% |
Stearns Ventures, LLC | FHA mortgage | Trouble during payment process | 4 | 14.3% |
Stearns Ventures, LLC | Other type of mortgage | Trouble during payment process | 1 | 3.6% |
Stearns Ventures, LLC | Conventional home mortgage | Closing on a mortgage | 3 | 10.7% |
Stearns Ventures, LLC | Conventional home mortgage | Trouble during payment process | 17 | 60.7% |
Stearns Ventures, LLC | FHA mortgage | Struggling to pay mortgage | 1 | 3.6% |
Bank Details
Branches
Bank Name | Branch | Branch Type | Deposits (000's) |
---|---|---|---|
Starion Bank | 109 First Street, N.W. Mandan, ND 58554 | Full Service B&M | $276,693 |
Starion Bank | 11 Main Street Ne Dunseith, ND 58329 | Full Service B&M | $24,033 |
Starion Bank | 100 Main Street Ellendale, ND 58436 | Full Service B&M | $56,689 |
Starion Bank | 1000 South Washington Street Bismarck, ND 58502 | Full Service B&M | $38,548 |
Starion Bank | 1300 Skyline Blvd Suite 101 Bismarck, ND 58503 | Full Service B&M | $6,984 |
Starion Bank | 1651 John Q. Hammons Drive Middleton, WI 53562 | Full Service B&M | $92,621 |
Starion Bank | 2525 University Drive South Fargo, ND 58103 | Full Service B&M | $10,063 |
Starion Bank | 2754 Brandt Drive South Fargo, ND 58104 | Full Service B&M | $109,518 |
Starion Bank | 2900 North Washington Street Bismarck, ND 58502 | Full Service B&M | $82,094 |
Starion Bank | 309 Broadway N Fargo, ND 58102 | Full Service B&M | $197 |
Starion Bank | 333 North Fourth Street Bismarck, ND 58501 | Full Service B&M | $251,841 |
Starion Bank | 350 South Grand Avenue Sun Prairie, WI 53590 | Full Service B&M | $16,280 |
Starion Bank | 5900 Gisholt Dr Madison, WI 53713 | Full Service B&M | $35,612 |
Starion Bank | 601 Main Avenue Oakes, ND 58474 | Full Service B&M | $48,758 |
Starion Bank | 804 East 11th Street Bottineau, ND 58318 | Full Service B&M | $11,235 |
Starion Bank | Main And 3rd Se Rolla, ND 58367 | Full Service B&M | $23,624 |
For 2019, Starion Bank had 16 branches.
Yearly Performance Overview
Bank Income
Item | Value (in 000's) |
---|---|
Total interest income | $59,252 |
Net interest income | $45,767 |
Total noninterest income | $6,664 |
Gross Fiduciary activities income | $0 |
Service charges on deposit accounts | $1,372 |
Trading account gains and fees | $0 |
Additional Noninterest Income | $5,292 |
Pre-tax net operating income | $18,791 |
Securities gains (or losses, -) | $41 |
Income before extraordinary items | $18,832 |
Discontinued Operations (Extraordinary gains, net) | $0 |
Net income of bank and minority interests | $18,832 |
Minority interest net income | $0 |
Net income | $18,832 |
Sale, conversion, retirement of capital stock, net | $0 |
Net operating income | $18,791 |
Starion Bank's gross interest income from loans was $59,252,000.
Starion Bank's net interest income from loans was $45,767,000.
Starion Bank's fee based income from loans was $1,372,000.
Starion Bank's net income from loans was $18,832,000.
Bank Expenses
Item | Value (in 000's) |
---|---|
Total interest expense | $13,485 |
Provision for credit losses | $1,750 |
Total noninterest expense | $31,890 |
Salaries and employee benefits | $19,380 |
Premises and equipment expense | $3,964 |
Additional noninterest expense | $8,546 |
Applicable income taxes | $0 |
Net charge-offs | $73 |
Cash dividends | $9,440 |
Starion Bank's interest expense for loans was $13,485,000.
Starion Bank's payroll and benefits expense were $19,380,000.
Starion Bank's property, plant and equipment expenses $3,964,000.
Loan Performance
Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
---|---|
All loans | 1.0% |
Real Estate loans | 1.0% |
Construction & Land Development loans | 1.0% |
Nonfarm, nonresidential loans | 1.0% |
Multifamily residential loans | 0.0% |
1-4 family residential loans | 1.0% |
HELOC loans | 4.0% |
All other family | 1.0% |
Commercial & industrial loans | 2.0% |
Personal loans | 0.0% |
Credit card loans | 0.0% |
Other individual loans | 0.0% |
Auto loans | 0.0% |
Other consumer loans | 1.0% |
Unsecured commercial real estate loans | 0.0% |
Deposits
Type | Value (in 000's) |
---|---|
Total deposits | $1,127,182 |
Deposits held in domestic offices | $1,127,182 |
Deposits by Individuals, partnerships, and corporations | $974,286 |
Deposits by U.S. Government | $0 |
Deposits by States and political subdivisions in the U.S. | $151,661 |
Deposits by Commercial banks and other depository institutions in U.S. | $1,235 |
Deposits by Banks in foreign countries | $0 |
Deposits by Foreign governments and official institutions | $0 |
Transaction accounts | $125,829 |
Demand deposits | $79,314 |
Nontransaction accounts | $1,001,353 |
Money market deposit accounts (MMDAs) | $280,368 |
Other savings deposits (excluding MMDAs) | $413,747 |
Total time deposits | $307,239 |
Total time and savings deposits | $1,047,868 |
Noninterest-bearing deposits | $205,952 |
Interest-bearing deposits | $921,230 |
Retail deposits | $962,153 |
IRAs and Keogh plan accounts | $14,970 |
Brokered deposits | $42,144 |
Deposits held in foreign offices | $0 |
Assets
Asset | Value (in 000's) |
---|---|
Total Assets | $1,376,396 |
Cash & Balances due from depository institutions | $34,122 |
Interest-bearing balances | $16,593 |
Total securities | $362,058 |
Federal funds sold & reverse repurchase | $0 |
Net loans and leases | $938,147 |
Loan and leases loss allowance | $11,734 |
Trading account assets | $0 |
Bank premises and fixed assets | $20,763 |
Other real estate owned | $630 |
Goodwill and other intangibles | $5,374 |
All other assets | $15,302 |
Liabilities
Liabilities | Value (in 000's) |
---|---|
Total liabilities and capital | $1,376,396 |
Total Liabilities | $1,215,842 |
Total deposits | $1,127,182 |
Interest-bearing deposits | $921,230 |
Deposits held in domestic offices | $1,127,182 |
% insured (estimated) | $54 |
Federal funds purchased and repurchase agreements | $7,200 |
Trading liabilities | $0 |
Other borrowed funds | $74,485 |
Subordinated debt | $0 |
All other liabilities | $6,975 |
Issued Loan Types
Type | Value (in 000's) |
---|---|
Net loans and leases | $938,147 |
Loan and leases loss allowance | $11,734 |
Total loans and leases (domestic) | $949,881 |
All real estate loans | $647,689 |
Real estate loans in domestic offices | $647,689 |
Construction and development loans | $67,723 |
Residential 1-4 family construction | $8,543 |
Other construction, all land development and other land | $59,180 |
Loans secured by nonfarm nonresidential properties | $287,090 |
Nonfarm nonresidential secured by owner-occupied properties | $115,673 |
Commercial real estate & other non-farm, non-residential | $171,417 |
Multifamily residential real estate | $91,563 |
1-4 family residential loans | $124,846 |
Farmland loans | $76,467 |
Loans held in foreign offices | $0 |
Farm loans | $80,262 |
Commercial and industrial loans | $151,241 |
To non-U.S. addressees | $0 |
Loans to individuals | $28,360 |
Credit card loans | $0 |
Related Plans | $6,690 |
Consumer Auto Loans | $16,268 |
Other loans to individuals | $5,402 |
All other loans & leases | $42,329 |
Loans to foreign governments and official institutions | $0 |
Other loans | $3,483 |
Loans to depository institutions and acceptances of other banks | $0 |
Loans not secured by real estate | $0 |
Loans secured by real estate to non-U.S. addressees | $0 |
Restructured Loans & leases | $8,785 |
Non 1-4 family restructured loans & leases | $8,785 |
Total loans and leases (foreign) | $0 |
Starion Bank had $938,147,000 of loans outstanding in 2019. $647,689,000 of loans were in real estate loans. $67,723,000 of loans were in development loans. $91,563,000 of loans were in multifamily mortgage loans. $124,846,000 of loans were in 1-4 family mortgage loans. $80,262,000 of loans were in farm loans. $0 of loans were in credit card loans. $16,268,000 of loans were in the auto loan category.
Small Business Loans
Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
---|---|---|---|
Nonfarm, nonresidential loans - <$1MM | 293 | $64,388 | $219,754 |
Nonfarm, nonresidential loans - <$100k | 45 | $1,831 | $40,689 |
Nonfarm, nonresidential loans - $100-250k | 89 | $10,139 | $113,921 |
Nonfarm, nonresidential loans - $250k-1MM | 159 | $52,418 | $329,673 |
Commercial & Industrial, US addressed loans - <$1MM | 879 | $56,734 | $64,544 |
Commercial & Industrial, US addressed loans - <$100k | 403 | $7,794 | $19,340 |
Commercial & Industrial, US addressed loans - $100-250k | 201 | $11,133 | $55,388 |
Commercial & Industrial, US addressed loans - $250k-1MM | 275 | $37,807 | $137,480 |
Farmland loans - <$1MM | 168 | $20,206 | $120,274 |
Farmland loans - <$100k | 48 | $2,057 | $42,854 |
Farmland loans - $100-250k | 75 | $8,824 | $117,653 |
Farmland loans - $250k-1MM | 45 | $9,325 | $207,222 |
Agriculture operations loans - <$1MM | 449 | $20,783 | $46,287 |
Agriculture operations loans - <$100k | 165 | $2,826 | $17,127 |
Agriculture operations loans - $100-250k | 149 | $6,823 | $45,792 |
Agriculture operations loans - $250k-1MM | 135 | $11,134 | $82,474 |