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 43rd largest bank in the state of Minnesota. It is also the 1,680th largest bank in the nation. It was established in 1958 and as of December of 2023, it had grown to 58 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

Health Grade Components

Overall
FDIC Certificate #17863
Year Established1958
Employees58
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.08%
Return on Equity - YTD2.5%
Annual Interest Income$17.8MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$547.5MM$519.2MM
LoansQ4 2023vs Q4 2022$266.3MM$258.9MM
DepositsQ4 2023vs Q4 2022$380.4MM$403.7MM
Equity CapitalQ4 2023vs Q4 2022$19.2MM$14.3MM
Loan Loss AllowanceQ4 2023vs Q4 2022$3.4MM$3.4MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$292K$315K
Real Estate OwnedQ4 2023vs Q4 2022$959K$960K
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 Ave SwAustin, MN 55912
Lakeville Branch16366 Kenrick AvenueLakeville, MN 55044
Apple Valley Branch4520 150th Street WestApple Valley, MN 55124

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