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Overview / Commentary
815-626-0614
110 E 4th St
Sterling, IL 61081

Sterling Federal Bank, F.S.B. is headquartered in Sterling and is the 94th largest bank in the state of Illinois. It is also the 1,492nd largest bank in the nation. It was established in 1885 and as of March of 2014, it had grown to 101 employees at 10 locations. Sterling Federal Bank, F.S.B. has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A

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 March 31, 2014 Sterling Federal Bank, F.S.B. had $4.7 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 9.32% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Sterling Federal Bank, F.S.B. experienced no significant changes from 8.43% as of March 31, 2013 to 9.32% as of March 31, 2014, resulting in a negative change of 10.53%. 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

GRADE:
C-

In the past year, Sterling Federal Bank, F.S.B. has decreased its total deposits by -$10.42 million, resulting in -2.54% 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.

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 Federal Bank, F.S.B. has $450.63 million in assets with $50.43 million in equity, resulting in a capitalization level of 11.19%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #27664
Year Established1885
Employees101
Primary RegulatorOCC
Assets and Liabilities
Assets$450.63 million
Loans$186.63 million
Deposits$399.09 million
Equity Capital$48.94 million
Loan Loss Allowance$1.49 million
Unbacked Noncurrent Loans$2.51 million
Real Estate Owned$2.20 million
Historic Data - March 2013
Assets$461.55 million
Equity Capital$49.67 million
Loan Loss Allowance$1.48 million
Unbacked Noncurrent Loans$2.51 million
Real Estate Owned$2.65 million
Profit Margin - Quarterly
Net Interest Margin3.11%
Return on Assets-0.55%
Return on Equity-5.01%
Interest Income$3.75 million
Rates

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

DetailsAPYMINMAXPRODUCT
0.20%$200-Savings
0.15%--Christmas Club

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

DetailsAPYMINMAXPRODUCT
0.25%$15k-Money Manager Account

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

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
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
Locations


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