Sterling State Bank
Austin, MN
IDRSSD: 144155
Total Assets
$478.16M
Latest filing
Total Deposits
$350.52M
Latest filing
Net Interest Margin
2.95%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Sterling State Bank
1419 1st Ave Sw
Austin, MN 55912
Full Service - Brick and Mortar
Updated 11/14/2025Established 05/01/1958FDIC Certificate 11804
Branches (5)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Sterling State Bank (Main) | 1419 1st Ave Sw | Austin, MN |
| ROCHESTER BRANCH | 4200 Badger Hills Dr Nw | Rochester, MN |
| LAKEVILLE BRANCH | 16366 Kenrick Ave | Lakeville, MN |
| APPLE VALLEY BRANCH | 4520 150th St W | Apple Valley, MN |
| ROCHESTER SOUTH BRANCH | 10 25th St Se | Rochester, MN |
| SAVAGE BRANCH | 14185 Highway 13 S | Savage, MN |
Showing 5 of 5
Quarterly Trends
Tooltip shows Quarter only. Download buttons export the chart only (CSV/PNG with white background).
Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 05/01/1958 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 55912 |
| State and County Number | 27099 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Austin, MN |
Operational Info
| Number of Employees | 58 |
| Domestic Offices | 6 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 05/01/1958 |
| Primary Insurance Agency | DIF |
| Website | www.sterlingstatebank.com |
| Data Updated | 11/14/2025 |
| CERT | 17863 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $478.16M |
| Total Deposits | $350.52M |
| Total Liabilities | $448.15M |
| Total Equity Capital | $30.01M |
| Net Income | $969.00k |
| Net Loans and Leases | $296.03M |
| Assets Per Employee ($Millions) | $8.39M |
| Bank Premises and Fixed Assets | $14.76M |
| Cash and Balances due from Depository Institutions | $13.97M |
| Deposits Held in Domestic Offices | $350.52M |
Key Performance Ratios
| Return on Assets (ROA) | 0.78% |
| Return on Equity (ROE) | 13.53% |
| Net Interest Margin | 2.95% |
| Efficiency Ratio | 84.02% |
| Tier 1 Risk-Based Capital Ratio | 12.66% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 6.276% |
| Earning Assets to total Assets | 94.27% |
Income and Expense
| Total Interest Income | $5.66M |
| Total Noninterest Income | $540.00k |
| Total Interest Expense | $2.21M |
| Total Noninterest Expense | $3.35M |
| Net Interest Income | $3.45M |
| Pre-tax Net Operating Income | $638.00k |
| Provision for Credit Losses | $0 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $960.00k |
| Other borrowed funds | $26.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $60.90M |
| All Other Liabilities | $10.73M |
| Total Liabilities and Capital | $478.16M |
Securities
| Securities | $149.12M |
| Available-for-sale debt securities | $149.12M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Sterling State Bank?
$478.16M as of the latest filing.
How much are Sterling State Bank's total deposits?
$350.52M in total deposits.
Where is Sterling State Bank located?
Austin, MN.
What is the Net Interest Margin?
2.95%.
How many domestic offices does it operate?
6.
When was it established?
05/01/1958.
What is the Return on Assets (ROA)?
0.78%.
How much are total loans and leases?
$296.03M (latest filing).
What is the total interest income (latest filing)?
$5.66M.