Stearns Bank National Association

4191 Second Street South
Saint Cloud, MN 56303

Notable Rates APY Vs.Others
Savings N.A. 2.60% →
1-Year CD 2.00% 2.36% →
2-Year CD 2.25% 2.60% →
5-Year CD N.A. 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Stearns Bank National Association is an FDIC insured institution located in Saint Cloud, MN. It was founded in 1912 and has approximately $2.25 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 10988
Date Established 1912
Assets $2.25 billion
Loans $1.99 billion
Deposits $1.77 billion
Capital $0.43 billion
 

For a more detailed analysis of Stearns Bank National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 11, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
1.00% $1 $100,000 Learn MoreShow Less
CD Rates APY MIN MAX
12 Mo CD
2.00% $2,500 - Learn MoreShow Less
24 Mo CD
2.25% $2,500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
2.00% $2,500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
1.00% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.50% $1 $15,000 Learn MoreShow Less

Loan Rates - November 11, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Stearns Bank National Association

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.633% 3.625% 0.13 $238 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

Note to Stearns Bank National Association
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Branches

Stearns Bank National Association branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Seattle,Washington


Stearns Bank National Association Locations


Financial Details

Stearns Bank National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Stearns Bank National Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Stearns Bank National Association U.S. Bank Average
10.3% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2019, Stearns Bank National Association had $49,784,000 in non-current loans and $1,320,000 in owned real estate. To cover these potential losses it had $430,439,000 in equity and $65,814,000 in loans loss reserves. That gives it a Texas Ratio of 10.3%.

Return on Equity
Stearns Bank National Association U.S. Bank Average
11.88% 9.50%

Stearns Bank National Association has a Return on Equity of 11.88% versus the BestCashCow average of 9.50%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Stearns Bank National Association U.S. Bank Average
19.11% 12.76%

Stearns Bank National Association has a Capitalization of 19.11% versus the BestCashCow average of 12.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Stearns Bank National Association Balance Sheet Analysis

As of June 30, 2019, Stearns Bank National Association had assets of $2,252,763,000, loans of $1,989,676,000, and deposits of $1,766,067,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.19 billion
Interest-bearing balances $0.18 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.99 billion
Loan loss allowance $0.07 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.03 billion
     Total Assets $1.82 billion
LIABILITIES
Total deposits $1.77 billion
      Interest-bearing deposits $1.61 billion
      Deposits held in domestic offices $1.77 billion
      % insured (estimated) 87.75%
Federal funds purchased and repurchase agreements $0.03 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.03 billion
      Total Liabilities $1.82 billion
      Shareholders’ Equity $0.43 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.08 billion
Total Interest Expense $0.02 billion
Net interest income $0.07 billion
Provision for loan and lease losses $0.01 billion
Total non interest income $0.02 billion
Total non interest expense $0.04 billion
Pre-tax Net Operating Income $0.03 billion

Bank Loan Profile?

The top three loan types in Stearns Bank National Association’s loan portfolio are Commercial and Industrial Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in Minnesota, Stearns Bank National Association has a significantly higher percent of Construction and Development Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 1.90
Multifamily
Mortgages
0.86
Credit Card Loans 0.00
Consumer Auto Loans 0.03
Small Business Loans 2.35
Construction and Development Loans 12.85
Commercial Real Estate 9.42
Commercial and Industrial Loans 71.09
Farm Loans 0.27

Frequently Asked Questions About Stearns Bank National Association

Branches and Savings

Is Stearns Bank National Association FDIC insured?

Yes. It is covered under FDIC Certificate #10988.

Why does Stearns Bank National Association pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Stearns Bank National Association CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Stearns Bank National Association a commercial bank?

Yes

Where are Stearns Bank National Association locations?

See branch locations nearby.

Is Stearns Bank National Association open on Saturdays?

Is Stearns Bank National Association open on Sundays?

What time does Stearns Bank National Association open?

What time does Stearns Bank National Association close?

Are Stearns Bank National Association ATMs Open 24/7?

Do Stearns Bank National Association ATMs accept cash deposits?

Can Stearns Bank National Association customers use other ATMs?

Do Stearns Bank National Association branches have notaries?

Will Stearns Bank National Association notarize my document?

What address for Stearns Bank National Association should I put for incoming ACH transfers?

Will the Stearns Bank National Association branch print checks?

Do Stearns Bank National Association checks expire?

Does Stearns Bank National Association require US citizenship to open account?

Can Stearns Bank National Association close my account?

Does Stearns Bank National Association Report to credit bureaus?

Does Stearns Bank National Association Use Equifax?

What is Stearns Bank National Association's ACH Routing Number?

What is Stearns Bank National Association's SWIFT code?

Products

Does Stearns Bank National Association offer mortgages?

Compare mortgage rates here.

Does Stearns Bank National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Stearns Bank National Association offer personal loans?

Compare personal loan rates here.

Does Stearns Bank National Association offer student loans?

Will Stearns Bank National Association cash a check?

Will Stearns Bank National Association redeem a savings bond?

Does Stearns Bank National Association cash savings bonds?

Will Stearns Bank National Association cash money orders?

Can Stearns Bank National Association issue a money order?

Does Stearns Bank National Association do currency exchange?

Background on The Bank

Who owns Stearns Bank National Association?

How long has Stearns Bank National Association been around?

Can Stearns Bank National Association transfer to other banks?

Does Stearns Bank National Association have quick pay?

Does Stearns Bank National Association accept rolled coins?

Will Stearns Bank National Association accept loose change?

Where is Stearns Bank National Association headquarters?

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