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866-619-2265
1 Towne Square, Suite 1900
Southfield, MI 48076

Sterling Bank and Trust, FSB is headquartered in Southfield and is the 10st largest bank in the state of Michigan. It is also the 677th largest bank in the nation. It was established in 1984 and as of December of 2013, it had grown to 143 employees at 16 locations. Sterling Bank and Trust, FSB's money market rates are 25% higher than the national average, and it boasts a A+ health rating.

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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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 December 31, 2013 Sterling Bank and Trust, FSB had $1.92 million in non-current loans and owned real-estate with $115.6 million in equity and loan loss allowances on hand to cover it. This gives Sterling Bank and Trust, FSB a Texas Ratio of 1.66% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Sterling Bank and Trust, FSB decreased dramatically from 9.39% as of December 31, 2012 to 1.66% as of December 31, 2013, resulting in a positive change of 82.29%.This indicates that the balance sheet and financial strength for Sterling Bank and Trust, FSB has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Sterling Bank and Trust, FSB has increased its total deposits by $112.93 million, resulting in 15.77% 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 Sterling Bank and Trust, FSB has shown is excellent.

Capitalization

GRADE:
A

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. Sterling Bank and Trust, FSB has $981.17 million in assets with $115.6 million in equity, resulting in a capitalization level of 11.78%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #32232
Year Established1984
Employees143
Primary RegulatorOCC
Assets and Liabilities
Assets$981.17 million
Loans$889.18 million
Deposits$829.12 million
Equity Capital$105.45 million
Loan Loss Allowance$10.15 million
Unbacked Noncurrent Loans$1.72 million
Real Estate Owned$200,000
Historic Data - December 2012
Assets$860.03 million
Equity Capital$89.19 million
Loan Loss Allowance$9.88 million
Unbacked Noncurrent Loans$1.72 million
Real Estate Owned$2.98 million
Profit Margin - Quarterly
Net Interest Margin4.52%
Return on Assets1.73%
Return on Equity16.49%
Interest Income$44.79 million
Rates

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Sterling Bank and Trust, FSB Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.45%--Sterling Senior Club Statement Savings - Relationship
0.40%--Statement Savings
0.40%--IRA Savings
0.40%--Business Statement Savings

Sterling Bank and Trust, FSB Money Market Rates

DetailsAPYMINMAXPRODUCT
0.55%$500$1kSterling Senior Club Money Market
0.50%$500$1mPersonal Money Market
0.35%$500$1mBusiness Money Market

Sterling Bank and Trust, FSB Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$500$1mSenior Club Sterling Eagle Checking with Direct Deposit - Relationship
0.20%$500$1mSterling Eagle Checking with Direct Deposit
0.10%--Sterling Eagle Checking

Sterling Bank and Trust, FSB CD Rates

DetailsAPYMINMAXPRODUCT
1.15%$500-60 Month Sterling Senior Club CD
1.10%$500-60 Month CD
1.10%$500-Business 60 Month CD
0.55%$500-36 Month Sterling Senior Club CD
0.55%$500-48 Month Sterling Senior Club CD
0.50%$500-36 Month CD
0.50%$500-48 Month CD
0.50%$500-Business 36 Month CD
0.50%$500-Business 48 Month CD
0.45%$500-24 Month Sterling Senior Club CD
0.40%$500-24 Month CD
0.40%$500-Business 24 Month CD
0.35%$500-18 Month Sterling Senior Club CD
0.30%$500-18 Month CD
0.30%$500-12 Month Sterling Senior Club CD
0.30%$500-Business 18 Month CD
0.25%$500-12 Month CD
0.25%$500-Business 12 Month CD
0.20%$500-6 Month Sterling Senior Club CD
0.15%$500-6 Month CD
0.15%$500-3 Month Sterling Senior Club CD
0.15%$500-Business 6 Month CD
0.10%$500-3 Month CD
0.10%$500-1 Month Sterling Senior Club CD
0.10%$500-Business 3 Month CD
0.05%$500-1 Month CD
0.05%$500-Business 1 Month CD
Locations

Sterling Bank and Trust, FSB has 16 locations. Click to view all Sterling Bank and Trust, FSB locations.