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Overview / Commentary
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 1,943rd largest bank in the nation. It was established in 1958 and as of June of 2017, it had grown to 74 employees at 9 locations. Sterling State Bank has a B+ health rating.

Reviews (1)

Richard J. Geckler Sr.

Posted by: Geckler | Jun 7, 2013

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 Grade Components

FDIC Certificate #17863
Year Established1958
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD5.42%
Annual Interest Income$5.6MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$350.3MM$336.9MM
LoansQ2 2017vs Q2 2016$179.1MM$177.3MM
DepositsQ2 2017vs Q2 2016$241.1MM$234.1MM
Equity CapitalQ2 2017vs Q2 2016$27.5MM$33.4MM
Loan Loss AllowanceQ2 2017vs Q2 2016$3.5MM$3.5MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$649.00K$675.00K
Real Estate OwnedQ2 2017vs Q2 2016$781.00K$976.00K

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Sterling State Bank Locations
Rochester 25th Street Branch10 25th Street SeRochester, MN 55904
Rochester Facility102 South BroadwayRochester, MN 55903
Rochester Branch1336 Apache Drive, S.W.Rochester, MN 55902
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
North Rochester Branch5600 Highway 52 NorthRochester, MN 55901