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

Sterling State Bank is headquartered in Austin and is the 43rd largest bank in the state of Minnesota. It is also the 1,922nd largest bank in the nation. It was established in 1958 and as of September of 2017, it had grown to 72 employees at 9 locations. Sterling State Bank has an A health rating.

Reviews (1)

Richard J. Geckler Sr.

Posted by: Geckler | Jun 7, 2013

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 - YTD0.47%
Return on Equity - YTD6.08%
Annual Interest Income$8.6MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$357.8MM$340.5MM
LoansQ3 2017vs Q3 2016$184.9MM$174.6MM
DepositsQ3 2017vs Q3 2016$254.1MM$236.6MM
Equity CapitalQ3 2017vs Q3 2016$28.6MM$30.9MM
Loan Loss AllowanceQ3 2017vs Q3 2016$3.5MM$3.5MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$498.00K$565.00K
Real Estate OwnedQ3 2017vs Q3 2016$588.00K$975.00K

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Sterling State Bank Locations
Rochester 25th Street Branch10 25th Street SeRochester, MN 55904
Rochester Facility102 South BroadwayRochester, MN 55903
Rochester Branch1336 Apache Drive, S.W.Rochester, MN 55902
Savage Branch14185 Highway 13 SouthSavage, MN 55378
Sterling State Bank1419 1st Avenue SouthwestAustin, MN 55912
Lakeville Branch16366 Kenrick AvenueLakeville, MN 55044
Lyle Main Branch403 First StreetLyle, MN 55953
Apple Valley Branch4520 150th Street WestApple Valley, MN 55124
North Rochester Branch5600 Highway 52 NorthRochester, MN 55901