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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 5th largest bank in the state of Michigan. It is also the 318th largest bank in the nation. It was established in 1984 and as of March of 2021, it had grown to 286 employees at 30 locations. Sterling Bank and Trust, FSB has a B health rating.

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Health
B

Data as of Q1 2021

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Health Grade Components

Overall
FDIC Certificate #32232
Year Established1984
Employees286
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD5.98%
Annual Interest Income$31.9MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$3.68B$3.48B
LoansQ1 2021vs Q1 2020$2.41B$2.81B
DepositsQ1 2021vs Q1 2020$2.92B$2.69B
Equity CapitalQ1 2021vs Q1 2020$369.1MM$373.1MM
Loan Loss AllowanceQ1 2021vs Q1 2020$71.9MM$42.6MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$102.2MM$16.4MM
Real Estate OwnedQ1 2021vs Q1 2020$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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