Tristar Bank Mortgage Rates, Fees & Info

Dickson, TN

LEI: 549300LTKCJV903ZQR25

Tax ID: 56-2136525

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & 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 by origination volume include: Nashville, Lawrenceburg, Chattanooga, Lewisburg, and Sevierville among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Tristar 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.

    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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    Originations

    372

    Origination Dollar Volume (All Markets)

    $83,790,000

    Employee count

    88

    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
    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.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Tristar Bank's most frequently originated type of loan was Conventional, with 336 originations. Their 2nd most popular type was USDA, with 17 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Tristar Bank's most frequently cited loan purpose was Refi, with 185 originations. The 2nd most popular reason was 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 2021, Tristar Bank's most frequently cited loan duration was 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
    93.60%

    Tristar Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.66%

    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