Sterling State Bank

Sterling State Bank

Overview / Commentary
1419 1st Avenue Southwest
Austin, MN 55912

Sterling State Bank is headquartered in AUSTIN and is the 45th largest bank in the state of Minnesota. It is also the 1,709th largest bank in the nation. It was established in 1958 and as of March of 2024, it had grown to 57 employees at 6 locations. Sterling State Bank has a B health rating.

Reviews (1)

Richard J. Geckler Sr.

Posted by: |

Because the instructions for this review state that a post is to be "free of personal attacks" and that "rude and derisive posts directed toward others are not allowed", I will tell you about my experience, as a customer of Sterling State Bank, in very simple and accurate terms.  Today I was found NOT GUILTY of felony criminal charges that were brought as a result of allegations that were made by Sterling State Bank.   This verdict speaks to the credibility (or lack thereof) of the owner of Sterling State Bank and to credibility (or lack thereof) of the testimony of it's top officer at the Apple Valley branch of Sterling State Bank.  


Health Grade Components

FDIC Certificate #17863
Year Established1958
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.2%
Return on Equity - YTD5.77%
Annual Interest Income$5.2MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$533.9MM$499.1MM
LoansQ1 2024vs Q1 2023$270.5MM$247.2MM
DepositsQ1 2024vs Q1 2023$369.5MM$359.3MM
Equity CapitalQ1 2024vs Q1 2023$18.5MM$19MM
Loan Loss AllowanceQ1 2024vs Q1 2023$3.4MM$3.4MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$276K$296K
Real Estate OwnedQ1 2024vs Q1 2023$960K$960K

Sorry, we do not have rate data for Sterling State Bank.


Sterling State Bank Locations
Rochester 25th Street Branch10 25th Street SeRochester, MN 55904
Rochester Facility4200 Badger Hills Dr NwRochester, MN 55901
Savage Branch14185 Highway 13 SouthSavage, MN 55378
Sterling State Bank1419 1st Ave SwAustin, MN 55912
Lakeville Branch16366 Kenrick AvenueLakeville, MN 55044
Apple Valley Branch4520 150th Street WestApple Valley, MN 55124

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