1 star ratingAverage User Rating:
1 star rating based on 1 review.

Sterling Savings Bank

Sterling Savings Bank Locations
Sterling Savings Bank. 111 N. Wall Street, Spokane, WA 99201
Spokane , WA 99201
800-772-7791
www.sterlingsavingsbank.com

Sterling Savings Bank is headquartered in Spokane and is the 2nd largest bank in the state of Washington. It is also the 115st largest bank in the nation. It was established in 1981 and as of September of 2011, it had grown to 2,461 employees at 177 locations. Sterling Savings Bank has a 3-star health rating.

Related Posts

$101 Checking Account Bonus at Sterling Savings Bank on the West Coast - 2/11/2009

Sterling Savings Bank is advertising a checking account promotion in which you can earn $101 for opening a checking account and enrolling in 3 of 4 of the following within 90 days of account opening:Bill PayOnline Statementsminimum of 1 incoming Direct...

$101 Checking Account Bonus at Sterling Savings Bank - 8/23/2007

Sterling Savings Bank is offering a $101 bonus for any new Perfect Fit Checking account. The bonus requires trying 3 of the following 4 services within the first 90 days: 1) check card used at least 3 times at an ATM or for purchases, 2) one direct...


Data for Q3 2011


Institution Statistics


Sterling Savings Bank
FDIC Certificate #32158
BankRate ReportView
Year Established1981
Employees2461
Primary RegulatorFDIC

Assets and Liabilities

Assets$9.19 billion
Loans$5.67 billion
Deposits$6.45 billion
Equity Capital$1.07 billion
Loan Loss Allowance$186.20 million
Unbacked Noncurrent Loans$276.62 million
Real Estate Owned$111.51 million

Historic Data - September 2010

Assets$10.04 billion
Equity Capital$1.05 billion
Loan Loss Allowance$248.51 million
Unbacked Noncurrent Loans$770.46 million
Real Estate Owned$155.88 million

Profit Margin - Quarterly

Net Interest Margin3.63%
Return on Assets0.47%
Return on Equity4.32%
Interest Income$314.25 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
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 September 30, 2011 Sterling Savings Bank had $388.13 million in non-current loans and owned real-estate with $1.25 billion in equity and loan loss allowances on hand to cover it. This gives Sterling Savings Bank a Texas Ratio of 30.95% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Sterling Savings Bank decreased significantly from 71.49% as of September 30, 2010 to 30.95% as of September 30, 2011, resulting in a positive change of 56.70%.This indicates that the balance sheet and financial strength for Sterling Savings Bank has improved significantly in recent periods.
Deposit Growth1
In the past year, Sterling Savings Bank has decreased its total deposits by -$495.32 million, resulting in -7.13% 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 Savings Bank has shown is poor.
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. Sterling Savings Bank has $9.19 billion in assets with $1.25 billion in equity, resulting in a capitalization level of 13.65%, which is excellent.
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They Love Their Overdraft Fee's
1 stars - CustomerService - Tuesday, August 16, 2011 - 10:46 PM

Sterling Savings Bank in Central Point Oregon is the worst.  The drive though is like an all day event . If you are a gluten for punishment open your account here. But if you value good customer service stay away.

The new upgrade they did for all accounts is set up to charge the customers more in over draft charges. this is their thing...

2
 
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