Sterling Bank and Trust, FSB is headquartered in Southfield and is the 8th largest bank in the state of Michigan. It is also the 412th largest bank in the nation. It was established in 1984 and as of March of 2022, it had grown to 302 employees at 28 locations. Sterling Bank and Trust, FSB has a B+ health rating.
|FDIC Certificate #||32232|
|Return on Assets - YTD||1.02%|
|Return on Equity - YTD||7.56%|
|Annual Interest Income||$24.9MM|
|Assets and Liabilities|
|Assets||Q1 2022vs Q1 2021||$2.81B$3.68B|
|Loans||Q1 2022vs Q1 2021||$1.84B$2.41B|
|Deposits||Q1 2022vs Q1 2021||$2.23B$2.92B|
|Equity Capital||Q1 2022vs Q1 2021||$381.6MM$369.1MM|
|Loan Loss Allowance||Q1 2022vs Q1 2021||$52.5MM$71.9MM|
|Unbacked Noncurrent Loans||Q1 2022vs Q1 2021||$51.4MM$102.2MM|
|Real Estate Owned||Q1 2022vs Q1 2021||$0$167.00K|
Rates for Sterling Bank and Trust, FSB are currently being reviewed.