Sterling Bank and Trust, FSB


Overview / Commentary
248-351-3442
1 Towne Square, Suite 165
Southfield, MI 48076

Sterling Bank and Trust, FSB is headquartered in Southfield and is the 4th largest bank in the state of Michigan. It is also the 301st largest bank in the nation. It was established in 1984 and as of December of 2020, it had grown to 290 employees at 30 locations. Sterling Bank and Trust, FSB has a B health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #32232
Year Established1984
Employees290
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-0.34%
Return on Equity - YTD-3.4%
Annual Interest Income$151.1MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$3.90B$3.24B
LoansQ4 2020vs Q4 2019$2.46B$2.89B
DepositsQ4 2020vs Q4 2019$3.13B$2.60B
Equity CapitalQ4 2020vs Q4 2019$363.6MM$325.5MM
Loan Loss AllowanceQ4 2020vs Q4 2019$72.4MM$21.7MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$106.2MM$14.8MM
Real Estate OwnedQ4 2020vs Q4 2019$167.00K$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Sterling Bank and Trust, FSB Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Sterling Club Statement Savings
0.10%--Statement Savings
0.10%--IRA Savings
0.10%--Business Statement Savings

Sterling Bank and Trust, FSB Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$500*$100kAmbassador Club Money Market
OTHER TIERS: 0.01% Any amount
0.20%*$500*$100kSterling Club Money Market
OTHER TIERS: 0.01% Any amount
0.20%*$500*$100kPremier Club Money Market
OTHER TIERS: 0.01% Any amount
0.15%*$500*$100kPersonal Money Market
OTHER TIERS: 0.01% Any amount
0.10%*$500*$100kBusiness Money Market
OTHER TIERS: 0.01% Any amount

Sterling Bank and Trust, FSB Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.06%--Sterling Club Eagle Checking
0.06%--Premier Club Sterling Eagle Checking
0.06%--Ambassador Club Sterling Eagle Checking
0.01%--Sterling Eagle Checking
0.01%--Sterling Eagle Checking with Direct Deposit

Sterling Bank and Trust, FSB CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$500-36 Month Sterling Club CD
0.70%$500-48 Month Sterling Club CD
0.70%$500-60 Month Sterling Club CD
0.65%$500-36 Month CD
0.65%$500-48 Month CD
0.65%$500-60 Month CD
0.65%$500-Business 36 Month CD
0.65%$500-Business 48 Month CD
0.65%$500-Business 60 Month CD
0.55%$500-24 Month Sterling Club CD
0.50%$500-24 Month CD
0.50%$500-Business 24 Month CD
0.35%$500-18 Month Sterling Club CD
0.30%$500-18 Month CD
0.30%$500-12 Month Sterling Club CD
0.30%$500-Business 18 Month CD
0.25%$500-12 Month CD
0.25%$500-Business 12 Month CD
0.15%$500-6 Month Sterling Club CD
0.10%$500-6 Month CD
0.10%$500-1 Month Sterling Club CD
0.10%$500-3 Month Sterling Club CD
0.10%$500-Business 6 Month CD
0.05%$500-1 Month CD
0.05%$500-3 Month CD
0.05%$500-Business 1 Month CD
0.05%$500-Business 3 Month CD

Sterling Bank and Trust, FSB IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$500-36 Month Sterling Club IRA
0.70%$500-48 Month Sterling Club IRA
0.70%$500-60 Month Sterling Club IRA
0.65%$500-36 Month IRA
0.65%$500-48 Month IRA
0.65%$500-60 Month IRA
0.55%$500-24 Month Sterling Club IRA
0.50%$500-24 Month IRA
0.35%$500-18 Month Sterling Club IRA
0.30%$500-18 Month IRA
0.30%$500-12 Month Sterling Club IRA
0.25%$500-12 Month IRA
0.15%$500-6 Month Sterling Club IRA
0.10%$500-6 Month IRA
0.10%$500-1 Month Sterling Club IRA
0.10%$500-3 Month Sterling Club IRA
0.05%$500-1 Month IRA
0.05%$500-3 Month IRA
Locations

Availability



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