Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
110 E 4th St
Sterling, IL 61081

Sterling Federal Bank, F.S.B. is headquartered in Sterling and is the 92nd largest bank in the state of Illinois. It is also the 1,513st largest bank in the nation. It was established in 1885 and as of June of 2014, it had grown to 104 employees at 10 locations. Sterling Federal Bank, F.S.B. has a B+ health rating.

No reviews have been left for this bank yet. Be the first to review.


Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Sterling Federal Bank, F.S.B. had $4.51 million in non-current loans and owned real-estate with $50.43 million in equity and loan loss allowances on hand to cover it. This gives Sterling Federal Bank, F.S.B. a Texas Ratio of 8.94% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Sterling Federal Bank, F.S.B. experienced no significant changes from 6.12% as of June 30, 2013 to 8.94% as of June 30, 2014, resulting in a negative change of 46.11%. This indicates that the balance sheet and financial strength for Sterling Federal Bank, F.S.B. has had no significant changes in recent periods.

Deposit Growth


In the past year, Sterling Federal Bank, F.S.B. has decreased its total deposits by -$13.11 million, resulting in -3.24% 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 Federal Bank, F.S.B. has shown is below average.



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 Federal Bank, F.S.B. has $445 million in assets with $50.43 million in equity, resulting in a capitalization level of 11.33%, which is excellent.

Institution Statistics

FDIC Certificate #27664
Year Established1885
Primary RegulatorOCC
Assets and Liabilities
Assets$445.00 million
Loans$187.18 million
Deposits$391.45 million
Equity Capital$48.87 million
Loan Loss Allowance$1.56 million
Unbacked Noncurrent Loans$2.44 million
Real Estate Owned$2.07 million
Historic Data - June 2013
Assets$456.89 million
Equity Capital$49.79 million
Loan Loss Allowance$1.41 million
Unbacked Noncurrent Loans$2.44 million
Real Estate Owned$2.75 million
Profit Margin - Quarterly
Return on Assets-0.37%
Return on Equity-3.41%
Interest Income$7.48 million

Always verify rates and promotions with the bank or credit union. We are not Sterling Federal Bank, F.S.B., we are a rate comparison website and can not provide official rates or promotions.

Sterling Federal Bank, F.S.B. Savings Account Rates

0.15%--Christmas Club

Sterling Federal Bank, F.S.B. Money Market Rates

0.25%$15k-Money Manager Account

Sterling Federal Bank, F.S.B. Checking Account Rates

0.20%$10k-Super Money Market Checking
0.10%$1k-Ultra Bright Checking
0.10%$1k-Ultimate Checking
0.10%$5k-Rewards Checking

Sterling Federal Bank, F.S.B. CD Rates

1.55%$5k-5 Year CD
1.30%$10k-47 Month Buildable CD
1.10%$5k-4 Year CD
1.05%$10k-35 Month Buildable CD
0.85%$5k-3 Year CD
0.80%$10k-23 Month Buildable CD
0.80%$10k-30 Month Buildable CD
0.60%$5k-2 Year Buildable CD
0.35%$5k-1 Year Buildable CD
0.25%$5k-6 Month Buildable CD
0.25%$10k-Penalty Free CD

Sterling Federal Bank, F.S.B. Locations
Sterling Federal Bank, F.S.B.110 E 4th StSterling, IL 61081
Clinton Main Branch122 Main AvenueClinton, IA 52732
Mt Morris Branch18 W Main StMount Morris, IL 61054
221 North Union Branch221 N Union StByron, IL 61010
Downtown Branch247 Seventh Avenue SouthClinton, IA 52732
Lynn Boulevard Branch3200 Lynn BoulevardSterling, IL 61081
South Galena Branch402 South GalenaDixon, IL 61021
410 Lincolnway East Branch410 Lincolnway EastMorrison, IL 61270
413 North Galena Avenue Branch413 North Galena AvenueDixon, IL 61021
821 First Ave Branch821 First AvenueRock Falls, IL 61071