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Profile: CapStar Financial Holdings Inc (CSTR.OQ)

CSTR.OQ on NASDAQ Stock Exchange Global Select Market

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CapStar Financial Holdings, Inc. is a bank holding company. The Company operates primarily through its subsidiary, CapStar Bank. CapStar Bank is a commercial bank. The Company's lines of business include commercial and industrial, commercial real estate, healthcare, correspondent banking, personal and private banking and wealth management, and mortgage banking. Its products and services include commercial and industrial loans to small and medium sized businesses, with a particular focus on businesses operating in the healthcare industry; commercial real estate loans; private banking and wealth management services for the owners and operators of business clients and other high net worth individuals, and correspondent banking services. As of June 30, 2016, the Company had seven locations, five of which are retail bank branches and two of which are mortgage origination offices.

The commercial and industrial line of business focuses on small and medium sized businesses. The loan portfolio for this line of business is comprised primarily of a mix of lines of credit, business term loans, equipment financing, owner-occupied commercial real estate and other commercial loans. The commercial real estate line of business focuses on real estate developers and investors, and maintains a portfolio of loans and deposits that consisted of approximately $205.5 million of its total loans and $14.1 million of its total deposits, as of June 30, 2016. The loan portfolio for this line of business consists of a mix of commercial real estate loans, which are primarily non-owner occupied real estate and construction loans for owner-occupied properties. These loans are collateralized by office, retail, multi-family and hospitality properties.

The healthcare line of business maintains a portfolio of loans and deposits that consisted of approximately $192.2 million of its total loans and $74.4 million of its total deposits, as of June 30, 2016. The correspondent banking line of business focuses on providing correspondent banking services to community banks located in the State of Tennessee and maintains a portfolio of loans and deposits that consisted of approximately $37.9 million of its total loans and $202.4 million of its total deposits, as of June 30, 2016. The personal and private banking and wealth management's line of business focuses on the needs of the owners and operators of its business clients and other high net worth individuals and maintains a portfolio of loans and deposits that consisted of approximately $118.1 million of its total loans and $435.1 million of its total deposits, as of June 30, 2016. The loan portfolio for this line of business includes a mix of consumer home-equity, portfolio mortgages and commercial-purpose loans. The deposit base consists of consumer checking, money market and certificate of deposit accounts. The mortgage banking line of business generated $236.9 million, as of June 30, 2016. Mortgage loans are sold in the secondary market and are underwritten by the investor.

Lending Activities

As of June 30, 2016, the Company's total net loans were $877.0 million. As of June 30, 2016, $790.3 million were made to small and medium sized businesses. As of June 30, 2016, approximately 18% of its loan portfolio was composed of loans to borrowers in the healthcare service industry. The Company's loan portfolio includes non-owner-occupied commercial real estate loans (CRE) loans, to individuals and businesses for various purposes, which are secured by commercial properties, as well as construction and land development loans. As of June 30, 2016, approximately 31% of its loan portfolio was composed of commercial real estate loans, 10% consumer real estate loans, and 7% construction and land development loans.

Sources of Funds

Client deposits are the primary funding source for the Company. As of June 30, 2016, its 10 largest non-brokered depositors accounted for $274.8 million in deposits, or approximately 24% of its total deposits. As of June 30, 2016, the Company's total deposits were $1.1 billion. Further, its non-brokered deposit account balance was $967.6 million, or approximately 85% of its total deposits, as of June 30, 2016. The Company's correspondent banking line of business comprised over $202.4 million of deposits, as of June 30, 2016. As of June 30, 2016, approximately 83% of its bank's deposits were checking accounts and other liquid deposits, which are payable on demand or upon several days' notice.

Investment Activities

The Company's investment portfolio consists primarily of securities issued by the United States Government-sponsored agencies, obligations of states and political subdivisions, mortgage-backed securities, asset-backed securities and other debt securities. As of June 30, 2016, the fair value of the Company's investment securities portfolio was approximately $219.5 million.

Company Address

CapStar Financial Holdings Inc

1201 Demonbreun St Ste 700
NASHVILLE   TN   37203-5078
P: +1615.7326400

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