Stearns Bank National Association

Stearns Bank National Association Locations
4191 Second Street South
Saint Cloud, MN 56303
1-877-899-2265
www.stearns-bank.com

Stearns Bank National Association is headquartered in Saint Cloud and is the 8th largest bank in the state of Minnesota. It is also the 517st largest bank in the nation. It was established in 1912 and as of March of 2012, it had grown to 231 employees at 13 locations. Stearns Bank National Association's money market rates are 14% higher than the national average, and it boasts a 5-star health rating.



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See Rates for: Checking | Savings | Money Market | CD | IRA

Stearns Bank National Association Checking Account Rates

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0.26%$500-NOW Account

Stearns Bank National Association Savings Account Rates

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0.50%--Holiday Savings
0.25%$50-Personal Savings

Stearns Bank National Association Money Market Rates

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0.50%$50-IRA Money Market
0.30%$90k-Stearns Select Money Market
0.30%$90k-Business Stearns Select Money Market

Stearns Bank National Association CD Rates

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1.50%$2,500-5 Year CD
1.50%$90k-5 Year Jumbo CD
1.50%$2,500-Business 5 Year CD
1.50%$90k-Business 5 Year Jumbo CD
1.30%$2,500-4 Year CD
1.30%$90k-4 Year Jumbo CD
1.30%$2,500-Business 4 Year CD
1.30%$90k-Business 4 Year Jumbo CD
1.00%$2,500-3 Year CD
1.00%$90k-3 Year Jumbo CD
1.00%$2,500-Business 3 Year CD
1.00%$90k-Business 3 Year Jumbo CD
0.90%$2,500-24 Month CD
0.90%$2,500-Business 24 Month CD
0.50%$2,500-12 Month CD
0.50%$2,500-Business 12 Month CD
0.35%$2,500-8 Month CD
0.35%$2,500-9 Month CD
0.35%$2,500-10 Month CD
0.35%$2,500-11 Month CD
0.35%$2,500-Business 8 Month CD
0.35%$2,500-Business 9 Month CD
0.35%$2,500-Business 10 Month CD
0.35%$2,500-Business 11 Month CD
0.30%$2,500-6 Month CD
0.30%$2,500-7 Month CD
0.30%$2,500-Business 6 Month CD
0.30%$2,500-Business 7 Month CD
0.20%$2,500-3 Month CD
0.20%$2,500-5 Month CD
0.20%$2,500-Business 3 Month CD
0.20%$2,500-Business 5 Month CD

Stearns Bank National Association IRA Rates

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1.50%$2,500-5 Year IRA
1.50%$90k-5 Year Jumbo IRA
1.50%$2,500-5 Year Roth IRA
1.50%$90k-5 Year Jumbo Roth IRA
1.30%$2,500-4 Year IRA
1.30%$90k-4 Year Jumbo IRA
1.30%$2,500-4 Year Roth IRA
1.30%$90k-4 Year Jumbo Roth IRA
1.00%$2,500-3 Year IRA
1.00%$90k-3 Year Jumbo IRA
1.00%$2,500-3 Year Roth IRA
1.00%$90k-3 Year Jumbo Roth IRA
0.90%$2,500-24 Month IRA
0.90%$2,500-24 Month Roth IRA
0.50%$2,500-12 Month IRA
0.50%$2,500-12 Month Roth IRA
0.35%$2,500-8 Month IRA
0.35%$2,500-9 Month IRA
0.35%$2,500-10 Month IRA
0.35%$2,500-11 Month IRA
0.35%$2,500-8 Month Roth IRA
0.35%$2,500-9 Month Roth IRA
0.35%$2,500-10 Month Roth IRA
0.35%$2,500-11 Month Roth IRA
0.30%$2,500-6 Month IRA
0.30%$2,500-7 Month IRA
0.30%$2,500-6 Month Roth IRA
0.30%$2,500-7 Month Roth IRA
0.20%$2,500-3 Month IRA
0.20%$2,500-5 Month IRA
0.20%$2,500-3 Month Roth IRA
0.20%$2,500-5 Month Roth IRA

Rates updated: 5/26/2012

Data for Q1 2012

Stearns Bank National Association consists of multiple companies with separate FDIC numbers. Click on an FDIC number to view the health for that company:

10988 - Stearns Bank National Association
10160 - Stearns Bank Holdingford National Association
9336 - Stearns Bank Upsala National Association

Institution Statistics


Stearns Bank National Association
FDIC Certificate #10988
BankRate ReportView
Year Established1912
Employees231
Primary RegulatorOCC

Assets and Liabilities

Assets$1.29 billion
Loans$954.06 million
Deposits$903.94 million
Equity Capital$246.16 million
Loan Loss Allowance$38.38 million
Unbacked Noncurrent Loans$13.22 million
Real Estate Owned$6.19 million

Historic Data - March 2011

Assets$1.23 billion
Equity Capital$242.22 million
Loan Loss Allowance$26.35 million
Unbacked Noncurrent Loans$22.96 million
Real Estate Owned$9.88 million

Profit Margin - Quarterly

Net Interest Margin7.02%
Return on Assets4.52%
Return on Equity23.25%
Interest Income$19.97 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Stearns Bank National Association had $19.4 million in non-current loans and owned real-estate with $284.54 million in equity and loan loss allowances on hand to cover it. This gives Stearns Bank National Association a Texas Ratio of 6.82% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Stearns Bank National Association decreased significantly from 12.28% as of March 31, 2011 to 6.82% as of March 31, 2012, resulting in a positive change of 44.46%.This indicates that the balance sheet and financial strength for Stearns Bank National Association has improved significantly in recent periods.
Deposit Growth4
In the past year, Stearns Bank National Association has increased its total deposits by $16.22 million, resulting in 1.83% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Stearns Bank National Association has shown is above average.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Stearns Bank National Association has $1.29 billion in assets with $284.54 million in equity, resulting in a capitalization level of 22.04%, which is excellent.
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