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Sterling Bank and Trust, FSB


Overview / Commentary
www.sterlingbank.com
248-351-3442
One Towne Square Ste. 165
Southfield, MI 48076

Sterling Bank and Trust, FSB is headquartered in Southfield and is the 6th largest bank in the state of Michigan. It is also the 367th largest bank in the nation. It was established in 1984 and as of September of 2021, it had grown to 295 employees at 28 locations. Sterling Bank and Trust, FSB has a C+ health rating.

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Health
C+

Data as of Q3 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #32232
Year Established1984
Employees295
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.79%
Return on Equity - YTD7.44%
Annual Interest Income$90.6MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$3.12B$3.93B
LoansQ3 2021vs Q3 2020$2.18B$2.63B
DepositsQ3 2021vs Q3 2020$2.37B$3.15B
Equity CapitalQ3 2021vs Q3 2020$384.7MM$379.4MM
Loan Loss AllowanceQ3 2021vs Q3 2020$70.2MM$48.3MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$86.1MM$83.2MM
Real Estate OwnedQ3 2021vs Q3 2020$0$167.00K
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
0.30%*†$25k*$250kAmbassador Club Money Market
OTHER TIERS: 0.01% → $1m+ | 0.25% → $250k - $1m
0.20%*†-$1mSterling Club Money Market
OTHER TIERS: 0.01% → $1m+
0.20%*†$10k*$1mPremier Club Money Market
OTHER TIERS: 0.01% → $1m+
0.15%*†-$1mPersonal Money Market
OTHER TIERS: 0.01% → $1m+
0.10%†--Business Money Market

Sterling Bank and Trust, FSB Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.06%†--Sterling Eagle Checking - Club (w/ Direct Deposit)
0.06%†--Sterling Eagle Checking - Premier Club (w/ Direct Deposit)
0.06%†--Sterling Eagle Checking - Ambassador Club (w/ Direct Deposit)
0.01%†--Sterling Eagle Checking

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

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