Sterling State Bank

Sterling State Bank is headquartered in Austin and is the 49^th largest bank in the state of Minnesota. It is also the 2,214^st largest bank in the nation. It was established in 1958 and as of March of 2012, it had grown to 73 employees at 12 locations. Sterling State Bank has a 2-star health rating.

Data for Q1 2012

Institution Statistics Sterling State Bank FDIC Certificate # 17863 BankRate Report View Year Established 1958 Employees 73 Primary Regulator FDIC Assets and Liabilities Assets $295.13 million Loans $168.85 million Deposits $216.22 million Equity Capital $25.26 million Loan Loss Allowance $2.92 million Unbacked Noncurrent Loans $3.04 million Real Estate Owned $5.45 million Historic Data - March 2011 Assets $280.83 million Equity Capital $22.87 million Loan Loss Allowance $3.46 million Unbacked Noncurrent Loans $7.16 million Real Estate Owned $4.14 million Profit Margin - Quarterly Net Interest Margin 3.78% Return on Assets 0.36% Return on Equity 4.3% Interest Income $3.10 million

Institution Health Overall Score: 2 out of 5 Texas Ratio 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 Sterling State Bank had $8.48 million in non-current loans and owned real-estate with $28.18 million in equity and loan loss allowances on hand to cover it. This gives Sterling State Bank a Texas Ratio of 30.11% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Sterling State Bank decreased slightly from 42.89% as of March 31, 2011 to 30.11% as of March 31, 2012, resulting in a positive change of 29.79%.This indicates that the balance sheet and financial strength for Sterling State Bank has improved slightly in recent periods. Deposit Growth In the past year, Sterling State Bank has decreased its total deposits by -$27.55 million, resulting in -11.3% 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 State Bank has shown is poor. Capitalization 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 State Bank has $295.12 million in assets with $28.18 million in equity, resulting in a capitalization level of 9.55%, which is average.

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