Sterling Bank and Trust, FSB is headquartered in Southfield and is the 4th largest bank in the state of Michigan. It is also the 296th largest bank in the nation. It was established in 1984 and as of September of 2020, it had grown to 300 employees at 30 locations. Sterling Bank and Trust, FSB has a B health rating.
Overall | |
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FDIC Certificate # | 32232 |
Year Established | 1984 |
Employees | 300 |
Primary Regulator | OCC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.13% |
Return on Equity - YTD | 1.31% |
Annual Interest Income | $116.5MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2020vs Q3 2019 | $3.93B$3.32B |
Loans | Q3 2020vs Q3 2019 | $2.63B$2.91B |
Deposits | Q3 2020vs Q3 2019 | $3.15B$2.70B |
Equity Capital | Q3 2020vs Q3 2019 | $379.4MM$335.8MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $48.3MM$21.2MM |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $83.2MM$10.0MM |
Real Estate Owned | Q3 2020vs Q3 2019 | $167.00K$0 |
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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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.15% | - | - | Sterling Club Statement Savings | |
0.10% | - | - | Statement Savings | |
0.10% | - | - | IRA Savings | |
0.10% | - | - | Business Statement Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.35% | - | - | Ambassador Club Money Market | |
0.20% | - | - | Sterling Club Money Market | |
0.20% | - | - | Premier Club Money Market | |
0.15% | - | - | Personal Money Market | |
0.10% | - | - | Business Money Market |