Sterling State Bank
Sterling State Bank is headquartered in Austin and is the 40th largest bank in the state of Minnesota. It is also the 1,988th largest bank in the nation. It was established in 1958 and as of June of 2016, it had grown to 65 employees at 9 locations. Sterling State Bank has an A health rating.
Richard J. Geckler Sr.
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.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17863 |
| Year Established | 1958 |
| Employees | 65 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.39% |
| Return on Equity - YTD | 4.25% |
| Annual Interest Income | $5.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $336.9MM$297.2MM |
| Loans | Q2 2016vs Q2 2015 | $177.3MM$178.8MM |
| Deposits | Q2 2016vs Q2 2015 | $234.1MM$216.8MM |
| Equity Capital | Q2 2016vs Q2 2015 | $33.4MM$27.2MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $3.5MM$3.4MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $675.00K$587.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $976.00K$1.2MM |
Sorry, we do not have rate data for Sterling State Bank.
| Sterling State Bank Locations | ||
|---|---|---|
| Rochester 25th Street Branch | 10 25th Street Se | Rochester, MN 55904 |
| Rochester Facility | 102 South Broadway | Rochester, MN 55903 |
| Rochester Branch | 1336 Apache Drive, S.W. | Rochester, MN 55902 |
| Savage Branch | 14185 Highway 13 South | Savage, MN 55378 |
| Sterling State Bank | 1419 1st Avenue Southwest | Austin, MN 55912 |
| Lakeville Branch | 16366 Kenrick Avenue | Lakeville, MN 55044 |
| Lyle Main Branch | 403 First Street | Lyle, MN 55953 |
| Apple Valley Branch | 4520 150th Street West | Apple Valley, MN 55124 |
| North Rochester Branch | 5600 Highway 52 North | Rochester, MN 55901 |