Tristar Bank Mortgage Rates, Fees & Info

Dickson, TN

LEI: 549300LTKCJV903ZQR25

Tax ID: 56-2136525

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Tristar Bank is a smaller bank specializing in Refi and Home Purchase loans. Tristar Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Nashville, Lawrenceburg, Chattanooga, Lewisburg, and Sevierville among others. Tristar Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

372

Origination Dollar Volume (All Markets)

$83,790,000

Employee count

88

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 300 $70,380,000 $234,600 $0 0.00%
Outside of Metro Areas 47 $8,505,000 $180,957 $0 0.00%
Lawrenceburg, TN (FHA|USDA|VA) 6 $990,000 $165,000 $0 0.00%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $730,000 $182,500 $0 0.00%
Lewisburg, TN (FHA|USDA|VA) 2 $450,000 $225,000 $0 0.00%
Sevierville, TN (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
KNOXVILLE, TN (FHA|USDA|VA) 2 $440,000 $220,000 $0 0.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $400,000 $200,000 $0 0.00%
MIDLAND, TX (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
Cookeville, TN (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
JACKSON, TN (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Martin, TN (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Central City, KY (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%

Tristar Bank's top markets include Nashville, Lawrenceburg, Chattanooga, Lewisburg, and Sevierville among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 336 $75,770,000 $225,506 $0 0.00%
USDA 17 $3,425,000 $201,471 $0 0.00%
FHA 11 $2,345,000 $213,182 $0 0.00%
VA 8 $2,250,000 $281,250 $0 0.00%

For the 2021 period, Tristar Bank's most frequently originated loan type of loans were Conventional, with 336 originations. Their 2nd most popular type is USDA, with 17 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 185 $36,435,000 $196,946 $0 0.00%
Home Purchase 173 $44,725,000 $258,526 $0 0.00%
Home Improvement 7 $1,095,000 $156,429 $0 0.00%
Other 7 $1,535,000 $219,286 $0 0.00%

For the 2021, Tristar Bank's most frequently cited loan purpose of loans were Refi, with 185 originations. The 2nd most popular reason of loans were Home Purchase, with 173 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 372 $83,790,000 $225,242 $0 0.00%

For the 2021, Tristar Bank's most frequently cited loan length of loans were Other, with 372 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 149 $40,735,000 $273,389 $0 0.00%
$100k-200k 138 $21,120,000 $153,043 $0 0.00%
$100,000 or less 51 $3,725,000 $73,039 $0 0.00%
$400k-600k 28 $12,740,000 $455,000 $0 0.00%
$600k-1MM 5 $3,535,000 $707,000 $0 0.00%
$1MM+ 1 $1,935,000 $1,935,000 $0 0.00%

2021 saw Tristar Bank place emphasis on $200k-400k loans with 149 originations, totaling $40,735,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 88 $16,860,000 $191,591 $0 0.00%
$50k or less 78 $13,010,000 $166,795 $0 0.00%
$100k-150k 72 $18,630,000 $258,750 $0 0.00%
$75k-100k 52 $11,100,000 $213,462 $0 0.00%
$150k-250k 44 $11,790,000 $267,955 $0 0.00%
$250k+ 21 $9,275,000 $441,667 $0 0.00%

Tristar Bank lent most frequently to those with incomes in the $50k-75k range, with 88 originations. The second most popular income band? $50k or less, with 78 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 372 $83,790,000 $225,242 $0 0.00%

Tristar Bank lent most frequently to those with DTI ratios of Exempt%, with 372 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 321 $72,325,000 $225,312 $0 0.00%
Not provided 19 $5,095,000 $268,158 $0 0.00%
Not applicable 16 $2,940,000 $183,750 $0 0.00%
Black 7 $1,465,000 $209,286 $0 0.00%
Asian 4 $1,060,000 $265,000 $0 0.00%
American Indian 4 $820,000 $205,000 $0 0.00%
Asian Indian 1 $85,000 $85,000 $0 0.00%

Approval Rates

Total approvals of all applications
94.13%

Tristar Bank has an average approval rate.

Pick Rate

Approvals leading to origination
80.68%

Tristar Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 372 $83,790,000 $225,242

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
372 $83,790,000 $225,242

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
TRUIST FINANCIAL CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 57 10.7%
TRUIST FINANCIAL CORPORATION Conventional home mortgage Closing on a mortgage 29 5.4%
TRUIST FINANCIAL CORPORATION Conventional home mortgage Improper use of your report 1 0.2%
TRUIST FINANCIAL CORPORATION Conventional home mortgage Incorrect information on your report 11 2.1%
TRUIST FINANCIAL CORPORATION Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 2 0.4%
TRUIST FINANCIAL CORPORATION Conventional home mortgage Struggling to pay mortgage 38 7.1%
TRUIST FINANCIAL CORPORATION Conventional home mortgage Trouble during payment process 244 45.6%
TRUIST FINANCIAL CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 7 1.3%
TRUIST FINANCIAL CORPORATION FHA mortgage Closing on a mortgage 4 0.7%
TRUIST FINANCIAL CORPORATION FHA mortgage Incorrect information on your report 2 0.4%
TRUIST FINANCIAL CORPORATION FHA mortgage Struggling to pay mortgage 18 3.4%
TRUIST FINANCIAL CORPORATION FHA mortgage Trouble during payment process 25 4.7%
TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 6 1.1%
TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Closing on a mortgage 5 0.9%
TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Incorrect information on your report 1 0.2%
TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Struggling to pay mortgage 7 1.3%
TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 18 3.4%
TRUIST FINANCIAL CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 10 1.9%
TRUIST FINANCIAL CORPORATION Other type of mortgage Closing on a mortgage 6 1.1%
TRUIST FINANCIAL CORPORATION Other type of mortgage Improper use of your report 1 0.2%
TRUIST FINANCIAL CORPORATION Other type of mortgage Incorrect information on your report 1 0.2%
TRUIST FINANCIAL CORPORATION Other type of mortgage Struggling to pay mortgage 4 0.7%
TRUIST FINANCIAL CORPORATION Other type of mortgage Trouble during payment process 17 3.2%
TRUIST FINANCIAL CORPORATION VA mortgage Applying for a mortgage or refinancing an existing mortgage 6 1.1%
TRUIST FINANCIAL CORPORATION VA mortgage Struggling to pay mortgage 3 0.6%
TRUIST FINANCIAL CORPORATION VA mortgage Trouble during payment process 12 2.2%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Tristar Bank 1901 Highway 46 South Dickson, TN 37055 Full Service B&M $27,697
Tristar Bank 3416 Highway 48 North Charlotte, TN 37036 Full Service B&M $43,016
Tristar Bank 4930 Columbia Highway Spring Hill, TN 37174 Full Service B&M $30,840
Tristar Bank 601 S James Campbell Blvd Columbia, TN 38402 Full Service B&M $54,819
Tristar Bank 719 East College Street Dickson, TN 37055 Full Service B&M $187,632
Tristar Bank 815 South Garden Street Columbia, TN 38401 Full Service B&M $10,232

For 2021, Tristar Bank had 6 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $14,716
Net interest income $12,834
Total noninterest income $4,239
Gross Fiduciary activities income $0
Service charges on deposit accounts $488
Trading account gains and fees $0
Additional Noninterest Income $3,751
Pre-tax net operating income $3,867
Securities gains (or losses, -) $27
Income before extraordinary items $3,121
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $3,121
Minority interest net income $0
Net income $3,121
Sale, conversion, retirement of capital stock, net $0
Net operating income $3,099

Tristar Bank's gross interest income from loans was $14,716,000.
Tristar Bank's net interest income from loans was $12,834,000.
Tristar Bank's fee based income from loans was $488,000.
Tristar Bank's net income from loans was $3,121,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,882
Provision for credit losses $450
Total noninterest expense $12,756
Salaries and employee benefits $7,389
Premises and equipment expense $1,085
Additional noninterest expense $4,282
Applicable income taxes $773
Net charge-offs $356
Cash dividends $0

Tristar Bank's interest expense for loans was $1,882,000.
Tristar Bank's payroll and benefits expense were $7,389,000.
Tristar Bank's property, plant and equipment expenses $1,085,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 1.0%
Credit card loans 0.0%
Other individual loans 1.0%
Auto loans 0.0%
Other consumer loans 2.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $403,345
Deposits held in domestic offices $403,345
Deposits by Individuals, partnerships, and corporations $339,672
Deposits by U.S. Government $6,023
Deposits by States and political subdivisions in the U.S. $50,817
Deposits by Commercial banks and other depository institutions in U.S. $6,833
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $162,683
Demand deposits $94,940
Nontransaction accounts $240,662
Money market deposit accounts (MMDAs) $84,106
Other savings deposits (excluding MMDAs) $66,077
Total time deposits $90,479
Total time and savings deposits $308,405
Noninterest-bearing deposits $53,081
Interest-bearing deposits $350,264
Retail deposits $378,048
IRAs and Keogh plan accounts $8,703
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $446,924
Cash & Balances due from depository institutions $55,992
Interest-bearing balances $34,965
Total securities $94,646
Federal funds sold & reverse repurchase $19,050
Net loans and leases $252,576
Loan and leases loss allowance $3,641
Trading account assets $0
Bank premises and fixed assets $10,518
Other real estate owned $0
Goodwill and other intangibles $1,201
All other assets $12,941

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $446,924
Total Liabilities $406,774
Total deposits $403,345
Interest-bearing deposits $350,264
Deposits held in domestic offices $403,345
% insured (estimated) $69
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $3,429

Issued Loan Types

Type Value (in 000's)
Net loans and leases $252,576
Loan and leases loss allowance $3,641
Total loans and leases (domestic) $256,217
All real estate loans $205,445
Real estate loans in domestic offices $205,445
Construction and development loans $36,365
Residential 1-4 family construction $22,940
Other construction, all land development and other land $13,425
Loans secured by nonfarm nonresidential properties $62,702
Nonfarm nonresidential secured by owner-occupied properties $25,033
Commercial real estate & other non-farm, non-residential $37,669
Multifamily residential real estate $4,376
1-4 family residential loans $92,987
Farmland loans $9,015
Loans held in foreign offices $0
Farm loans $62
Commercial and industrial loans $33,712
To non-U.S. addressees $0
Loans to individuals $16,703
Credit card loans $441
Related Plans $218
Consumer Auto Loans $3,080
Other loans to individuals $12,964
All other loans & leases $295
Loans to foreign governments and official institutions $0
Other loans $31
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 $195
Non 1-4 family restructured loans & leases $54
Total loans and leases (foreign) $0

TriStar Bank had $252,576,000 of loans outstanding in 2021. $205,445,000 of loans were in real estate loans. $36,365,000 of loans were in development loans. $4,376,000 of loans were in multifamily mortgage loans. $92,987,000 of loans were in 1-4 family mortgage loans. $62,000 of loans were in farm loans. $441,000 of loans were in credit card loans. $3,080,000 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 125 $27,151 $217,208
Nonfarm, nonresidential loans - <$100k 22 $945 $42,955
Nonfarm, nonresidential loans - $100-250k 46 $5,651 $122,848
Nonfarm, nonresidential loans - $250k-1MM 57 $20,555 $360,614
Commercial & Industrial, US addressed loans - <$1MM 175 $16,903 $96,589
Commercial & Industrial, US addressed loans - <$100k 119 $2,389 $20,076
Commercial & Industrial, US addressed loans - $100-250k 24 $2,570 $107,083
Commercial & Industrial, US addressed loans - $250k-1MM 32 $11,944 $373,250
Farmland loans - <$1MM 29 $3,318 $114,414
Farmland loans - <$100k 16 $902 $56,375
Farmland loans - $100-250k 9 $1,389 $154,333
Farmland loans - $250k-1MM 4 $1,027 $256,750
Agriculture operations loans - <$1MM 2 $62 $31,000
Agriculture operations loans - <$100k 2 $62 $31,000