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Overview / Commentary
1419 1st Avenue Southwest
Austin, MN 55912

Sterling State Bank is headquartered in Austin and is the 48th largest bank in the state of Minnesota. It is also the 2,150th largest bank in the nation. It was established in 1958 and as of June of 2014, it had grown to 68 employees at 9 locations. Sterling State Bank has a B+ health rating.

Reviews (1)

Richard J. Geckler Sr.

Because the instructions for this review state that a post is to be "free of personal attacks" and that "rude and derisive posts directed toward others are not allowed", I will tell you about my experience, as a customer of Sterling State Bank, in very simple and accurate terms.  Today I was found NOT GUILTY of felony criminal charges that were brought as a result of allegations that were made by Sterling State Bank.   This verdict speaks to the credibility (or lack thereof) of the owner of Sterling State Bank and to credibility (or lack thereof) of the testimony of it's top officer at the Apple Valley branch of Sterling State Bank.  


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 State Bank had $3.97 million in non-current loans and owned real-estate with $27.82 million in equity and loan loss allowances on hand to cover it. This gives Sterling State Bank a Texas Ratio of 14.29% which is above 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 dramatically from 21.13% as of June 30, 2013 to 14.29% as of June 30, 2014, resulting in a positive change of 32.38%.This indicates that the balance sheet and financial strength for Sterling State Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Sterling State Bank has increased its total deposits by $3.04 million, resulting in 1.36% 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 above 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 State Bank has $306.06 million in assets with $27.82 million in equity, resulting in a capitalization level of 9.09%, which is average.

Institution Statistics

FDIC Certificate #17863
Year Established1958
Primary RegulatorFDIC
Assets and Liabilities
Assets$306.06 million
Loans$168.82 million
Deposits$226.54 million
Equity Capital$24.61 million
Loan Loss Allowance$3.21 million
Unbacked Noncurrent Loans$1.71 million
Real Estate Owned$2.26 million
Historic Data - June 2013
Assets$296.75 million
Equity Capital$22.13 million
Loan Loss Allowance$3.30 million
Unbacked Noncurrent Loans$1.71 million
Real Estate Owned$2.88 million
Profit Margin - Quarterly
Return on Assets0.54%
Return on Equity7.4%
Interest Income$5.65 million

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Sterling State Bank has 11 locations. Click to view all Sterling State Bank locations.