Sterling Bank and Trust, FSB


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

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.

Related Posts

Sterling Bank 2.9% APY 18 Or 24 Month CD - 8/11/2022

Rate change today. 6 month 1.5% 12 month 1.9% 18 and 24 month 2.9% 36 month 1.2% 48 month 1.25% 60 month 1.4% Add 0.05% for Sterling Club membership (55+ and $500 in a 0.06% interest bearing checking account).

Rate Increase - 7/14/2022

12 month CD - 2% APY 18 month CD - 2.15% APY 24 month CD - 2.25% APY $500 minimum 0.05% more if a member of Sterling Club (55+ and $500 in a 0.01% checking account).

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Health
B+

Health Grade Components

Overall
FDIC Certificate #32232
Year Established1984
Employees302
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD7.56%
Annual Interest Income$24.9MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$2.81B$3.68B
LoansQ1 2022vs Q1 2021$1.84B$2.41B
DepositsQ1 2022vs Q1 2021$2.23B$2.92B
Equity CapitalQ1 2022vs Q1 2021$381.6MM$369.1MM
Loan Loss AllowanceQ1 2022vs Q1 2021$52.5MM$71.9MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$51.4MM$102.2MM
Real Estate OwnedQ1 2022vs Q1 2021$0$167.00K
Rates

Rates for Sterling Bank and Trust, FSB are currently being reviewed.

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