Sterling Bank and Trust, FSB

One Towne Square, Suite 1900
Southfield, MI 48076

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 32232
Date Established 1984
Assets $3.26 billion
Loans $2.93 billion
Deposits $2.55 billion
Capital $0.32 billion

Sterling Bank and Trust, FSB is an FDIC insured institution located in Southfield, MI. It was founded in 1984 and has approximately $3.26 billion in assets. Customers can open an account at one of its 26 branches.

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

Deposit Rates - September 16, 2019

Your Current Location: Connecticut, CT 06828

There are currently no rates available for Sterling Bank And Trust, Fsb, but see these great savings and CD rates:

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Loan Rates - September 16, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Sterling Bank and Trust, FSB

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

Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

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Payment
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NMLS ID: 2890
License#: 13256
3.751% 3.750% 0.00 $25 $1,158 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

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Branches

Sterling Bank and Trust, FSB 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:
Fairfield,Connecticut


Sterling Bank and Trust, FSB Locations


Financial Details

Sterling Bank and Trust, FSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Sterling Bank and Trust, FSB. 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
Sterling Bank and Trust, FSB U.S. Bank Average
2.19% 6.94%

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 March 31, 2019, Sterling Bank and Trust, FSB had $7,337,000 in non-current loans and $11,000 in owned real estate. To cover these potential losses it had $315,382,000 in equity and $20,698,000 in loans loss reserves. That gives it a Texas Ratio of 2.19%.

Return on Equity
Sterling Bank and Trust, FSB U.S. Bank Average
21.68% 9.47%

Sterling Bank and Trust, FSB has a Return on Equity of 21.68% versus the BestCashCow average of 9.47%. 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
Sterling Bank and Trust, FSB U.S. Bank Average
9.68% 12.49%

Sterling Bank and Trust, FSB has a Capitalization of 9.68% versus the BestCashCow average of 12.49. 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.

Sterling Bank and Trust, FSB Balance Sheet Analysis

As of March 31, 2019, Sterling Bank and Trust, FSB had assets of $3,256,980,000, loans of $2,928,441,000, and deposits of $2,552,140,000. 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

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.06 billion
Interest-bearing balances $0.05 billion
Total securities $0.15 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $2.93 billion
Loan loss allowance $0.02 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 $0.01 billion
All other assets $0.08 billion
     Total Assets $2.94 billion
LIABILITIES
Total deposits $2.55 billion
      Interest-bearing deposits $2.37 billion
      Deposits held in domestic offices $2.55 billion
      % insured (estimated) 69.86%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.36 billion
Subordinated debt $0.00 billion
All other liabilities $0.03 billion
      Total Liabilities $2.94 billion
      Shareholders’ Equity $0.32 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.04 billion
Total Interest Expense $0.01 billion
Net interest income $0.03 billion
Provision for loan and lease losses $-0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.02 billion

Bank Loan Profile?

The top three loan types in Sterling Bank and Trust, FSB’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in Michigan, Sterling Bank and Trust, FSB has a significantly higher percent of 1-4 Family Residential 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 86.54
Multifamily
Mortgages
2.17
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.23
Construction and Development Loans 5.93
Commercial Real Estate 5.92
Commercial and Industrial Loans 0.14
Farm Loans 0.00

Frequently Asked Questions About Sterling Bank And Trust, Fsb

Branches and Savings

Is Sterling Bank And Trust, Fsb FDIC insured?

Yes. It is covered under FDIC Certificate #32232.

Why does Sterling Bank And Trust, Fsb pay such low interest on savings accounts?

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

Why are Sterling Bank And Trust, Fsb CD rates not competitive?

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

Is Sterling Bank And Trust, Fsb a commercial bank?

Yes

Where are Sterling Bank And Trust, Fsb locations?

See branch locations nearby.

Is Sterling Bank And Trust, Fsb open on Saturdays?

Is Sterling Bank And Trust, Fsb open on Sundays?

What time does Sterling Bank And Trust, Fsb open?

What time does Sterling Bank And Trust, Fsb close?

Are Sterling Bank And Trust, Fsb ATMs Open 24/7?

Do Sterling Bank And Trust, Fsb ATMs accept cash deposits?

Can Sterling Bank And Trust, Fsb customers use other ATMs?

Do Sterling Bank And Trust, Fsb branches have notaries?

Will Sterling Bank And Trust, Fsb notarize my document?

What address for Sterling Bank And Trust, Fsb should I put for incoming ACH transfers?

Will the Sterling Bank And Trust, Fsb branch print checks?

Do Sterling Bank And Trust, Fsb checks expire?

Does Sterling Bank And Trust, Fsb require US citizenship to open account?

Can Sterling Bank And Trust, Fsb close my account?

Does Sterling Bank And Trust, Fsb Report to credit bureaus?

Does Sterling Bank And Trust, Fsb Use Equifax?

What is Sterling Bank And Trust, Fsb's ACH Routing Number?

What is Sterling Bank And Trust, Fsb's SWIFT code?

Products

Does Sterling Bank And Trust, Fsb offer mortgages?

Compare mortgage rates here.

Does Sterling Bank And Trust, Fsb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Sterling Bank And Trust, Fsb offer personal loans?

Compare personal loan rates here.

Does Sterling Bank And Trust, Fsb offer student loans?

Will Sterling Bank And Trust, Fsb cash a check?

Will Sterling Bank And Trust, Fsb redeem a savings bond?

Does Sterling Bank And Trust, Fsb cash savings bonds?

Will Sterling Bank And Trust, Fsb cash money orders?

Can Sterling Bank And Trust, Fsb issue a money order?

Does Sterling Bank And Trust, Fsb do currency exchange?

Background on The Bank

Who owns Sterling Bank And Trust, Fsb?

How long has Sterling Bank And Trust, Fsb been around?

Can Sterling Bank And Trust, Fsb transfer to other banks?

Does Sterling Bank And Trust, Fsb have quick pay?

Does Sterling Bank And Trust, Fsb accept rolled coins?

Will Sterling Bank And Trust, Fsb accept loose change?

Where is Sterling Bank And Trust, Fsb headquarters?

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