2. Sterling Bank and Trust, FSB

Sterling Bank and Trust, FSB


Overview / Commentary
www.sterlingbank.com
248-351-3442
1 Towne Square, Suite 1900
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 302nd largest bank in the nation. It was established in 1984 and as of June of 2019, it had grown to 349 employees at 31 locations. Sterling Bank and Trust, FSB's CD rates are 2X the national average, and it has an A health rating.

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Health
A

Data as of Q2 2019

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Health Grade Components

Overall
FDIC Certificate #32232
Year Established1984
Employees349
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.93%
Return on Equity - YTD19.92%
Annual Interest Income$87.7MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$3.28B$3.11B
LoansQ2 2019vs Q2 2018$2.93B$2.84B
DepositsQ2 2019vs Q2 2018$2.66B$2.47B
Equity CapitalQ2 2019vs Q2 2018$325.2MM$272.4MM
Loan Loss AllowanceQ2 2019vs Q2 2018$20.9MM$20.3MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$6.7MM$635.00K
Real Estate OwnedQ2 2019vs Q2 2018$22.00K$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
0.45%†--Sterling Club Statement Savings
0.40%†--Statement Savings
0.40%†--IRA Savings
0.40%†--Business Statement Savings

Sterling Bank and Trust, FSB Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.60%†--Ambassador Club Money Market
0.75%†--Premier Club Money Market
0.70%†--Sterling Club Money Market
0.60%†--Personal Money Market
0.35%†--Business Money Market

Sterling Bank and Trust, FSB Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*†$500*$1mSterling Club Eagle Checking
OTHER TIERS: 0.15% → Any amount
0.25%*†$500*$1mPremier Club Sterling Eagle Checking
OTHER TIERS: 0.15% → Any amount
0.25%*†$500*$1mAmbassador Club Sterling Eagle Checking
OTHER TIERS: 0.15% → Any amount
0.20%*†$500*$1mSterling Eagle Checking with Direct Deposit
OTHER TIERS: 0.10% → Any amount
0.10%†--Sterling Eagle Checking

Sterling Bank and Trust, FSB CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.05%†$500-18 Month Sterling Club CD
2.05%†$500-24 Month Sterling Club CD
2.05%†$500-36 Month Sterling Club CD
2.05%†$500-48 Month Sterling Club CD
2.05%†$500-60 Month Sterling Club CD
2.00%†$500-18 Month CD
2.00%†$500-24 Month CD
2.00%†$500-36 Month CD
2.00%†$500-48 Month CD
2.00%†$500-60 Month CD
2.00%†$500-Business 18 Month CD
2.00%†$500-Business 24 Month CD
2.00%†$500-Business 36 Month CD
2.00%†$500-Business 48 Month CD
2.00%†$500-Business 60 Month CD
1.90%†$500-12 Month Sterling Club CD
1.85%†$500-12 Month CD
1.85%†$500-Business 12 Month CD
1.70%†$500-6 Month Sterling Club CD
1.65%†$500-6 Month CD
1.65%†$500-Business 6 Month CD
0.25%†$500-3 Month Sterling Club CD
0.20%†$500-3 Month CD
0.20%†$500-Business 3 Month CD
0.10%†$500-1 Month Sterling Club CD
0.05%†$500-1 Month CD
0.05%†$500-Business 1 Month CD

Sterling Bank and Trust, FSB IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%†$500-18 Month IRA
2.00%†$500-24 Month IRA
2.00%†$500-36 Month IRA
2.00%†$500-48 Month IRA
2.00%†$500-60 Month IRA
1.85%†$500-12 Month IRA
1.65%†$500-6 Month IRA
0.20%†$500-3 Month IRA
0.05%†$500-1 Month IRA
Locations

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