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 47th largest bank in the state of Minnesota. It is also the 1,816th largest bank in the nation. It was established in 1958 and as of December of 2024, it had grown to 59 employees at 6 locations. Sterling State Bank has a B health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #17863
Year Established1958
Employees59
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD7.21%
Annual Interest Income$21MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$491MM$547.5MM
LoansQ4 2024vs Q4 2023$293.2MM$266.3MM
DepositsQ4 2024vs Q4 2023$358.9MM$380.4MM
Equity CapitalQ4 2024vs Q4 2023$21.8MM$19.2MM
Loan Loss AllowanceQ4 2024vs Q4 2023$3.3MM$3.4MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$258K$292K
Real Estate OwnedQ4 2024vs Q4 2023$960K$959K
Rates

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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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