Sterling State Bank Reviews and Rates

Sterling State Bank

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LOCATIONS

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

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Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

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Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.30%

Our Rating

4.1 / 5

BrioDirect

High-Yield Savings

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Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.sterlingstatebank.com

507-433-7325

1419 1st Avenue Southwest
Austin, MN 55912

Sterling State Bank is headquartered in AUSTIN and is the 47^th largest bank in the state of Minnesota. It is also the 1,764^th largest bank in the nation. It was established in 1958 and as of March of 2025, it had grown to 60 employees at 6 locations. Sterling State Bank has a B health rating.

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Health

Data as of Q1 2025

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Health Grade Components

Overall
FDIC Certificate #	17863
Year Established	1958
Employees	60
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.69%
Return on Equity - YTD	14.76%
Annual Interest Income	$5.6MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$512.9MM$533.9MM
Loans	Q1 2025vs Q1 2024	$295.9MM$270.5MM
Deposits	Q1 2025vs Q1 2024	$361.3MM$369.5MM
Equity Capital	Q1 2025vs Q1 2024	$25MM$18.5MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$3.3MM$3.4MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$249K$276K
Real Estate Owned	Q1 2025vs Q1 2024	$960K$960K

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.30%

Our Rating

4.1 / 5

BrioDirect

High-Yield Savings

See Offer

Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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

Locations

Sterling State Bank Locations
Rochester 25th Street Branch	10 25th Street Se	Rochester, MN 55904
Rochester Facility	4200 Badger Hills Dr Nw	Rochester, MN 55901
Savage Branch	14185 Highway 13 South	Savage, MN 55378
Sterling State Bank	1419 1st Ave Sw	Austin, MN 55912
Lakeville Branch	16366 Kenrick Avenue	Lakeville, MN 55044
Apple Valley Branch	4520 150th Street West	Apple Valley, MN 55124

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