Sterling State Bank

Sterling State Bank


Overview / Commentary
507-433-7325
1419 1st Avenue Southwest
Austin, MN 55912

Sterling State Bank is headquartered in Austin and is the 41st largest bank in the state of Minnesota. It is also the 1,766th largest bank in the nation. It was established in 1958 and as of June of 2020, it had grown to 65 employees at 7 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
B+

Health Grade Components

Overall
FDIC Certificate #17863
Year Established1958
Employees65
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.68%
Return on Equity - YTD7.46%
Annual Interest Income$6.8MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$448.8MM$350.4MM
LoansQ2 2020vs Q2 2019$243.9MM$196.6MM
DepositsQ2 2020vs Q2 2019$311.5MM$236.9MM
Equity CapitalQ2 2020vs Q2 2019$36.6MM$31.7MM
Loan Loss AllowanceQ2 2020vs Q2 2019$3.3MM$3.6MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$903.00K$357.00K
Real Estate OwnedQ2 2020vs Q2 2019$1.8MM$0
Rates

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

Locations


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 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

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