Sterling Bank and Trust, FSB

Headquarters

One Towne Square, Suite 1900
Southfield, MI 48076
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.35% 1.02% →
1-Year CD 0.30% 1.52% →
2-Year CD 0.55% 2.31% →
5-Year CD 0.70% 3.00% →
30-Year Mortgage N.A. 2.81% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

Sterling Bank and Trust, FSB is an FDIC insured institution located in Southfield, MI. It was founded in 1984 and has approximately $2.87 billion in assets. Customers can open an account at one of its 26 branches.

FDIC Insured Yes
FDIC Certificate # 32232
Date Established 1984
Assets $ 2.87 billion
Loans $ 2.02 billion
Deposits $ 2.29 billion
Capital $ 378.63 million
 

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 - May 18, 2022

Your Current Location: California, CA 92111

Savings and Money Market Rates APY MIN MAX
Savings
0.35% $25,000 - Learn More
Money Market
0.15% $2,500 $9,999 Learn More
Money Market
0.20% $10,000 - Learn More
Premium Money Market Account
0.60% $10,000 $14,999 Learn More
Premium Money Market Account
0.60% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.15% $500 - Learn More
12 Mo CD
0.30% $500 - Learn More
18 Mo CD
0.35% $500 - Learn More
24 Mo CD
0.55% $500 - Learn More
36 Mo CD
0.70% $500 - Learn More
48 Mo CD
0.70% $500 - Learn More
60 Mo CD
0.70% $500 - Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.40% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $99 Learn MoreShow Less
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - May 18, 2022

Your Current Location: California, CA 92111

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 - California 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
5.175% 5.125%
0.63 points
$1,412 fees
$1,362 Learn More

Featured - California Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

Note to Sterling Bank and Trust, FSB
To upload and update your bank's rates please register. It is free to register and add rates.

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:
San Diego,California


Sterling Bank and Trust, FSB Locations



Climate Initiatives

Sterling Bank and Trust, FSB is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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
18.33% 3.95%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 December 31, 2021, Sterling Bank and Trust, FSB had $79,762,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $378,631,000 in equity and $56,548,000 in loans loss reserves. That gives it a Texas Ratio of 18.33%.

Return on Equity
Sterling Bank and Trust, FSB U.S. Bank Average
6.88% 10.50%

Sterling Bank and Trust, FSB has a Return on Equity of 6.88% versus the BestCashCow average of 10.50%. 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
Sterling Bank and Trust, FSB U.S. Bank Average
13.18% 11.55%

Sterling Bank and Trust, FSB has a Capitalization of 13.18% versus the BestCashCow average of 11.55. 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 December 31, 2021, Sterling Bank and Trust, FSB had assets of $2,873,668,000, loans of $2,020,954,000, and deposits of $2,294,403,000. 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

December 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 411.47 million
Interest-bearing balances $ 408.14 million
Total securities $ 313.63 million
Federal funds sold and reverse repurchase $ 1.40 million
Net loans and leases $ 2.02 billion
Loan loss allowance $ 56.55 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 2.72 million
All other assets $ 98.24 million
     Total Assets $ 2.50 billion
LIABILITIES
Total deposits $ 2.29 billion
      Interest-bearing deposits $ 2.20 billion
      Deposits held in domestic offices $ 2.29 billion
      % insured (estimated) 80.83%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 150.00 million
Subordinated debt N.A.
All other liabilities $ 50.63 million
      Total Liabilities $ 2.50 billion
      Shareholders’ Equity $ 378.63 million

Summary Income Statement

December 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 116.54 million
Total Interest Expense $ 21.37 million
Net interest income $ 95.17 million
Provision for loan and lease losses N.A.
Total non interest income $ 2.75 million
Total non interest expense $ 65.30 million
Pre-tax Net Operating Income $ 36.38 million

Bank Loan Profile?

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

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 86.40
Multifamily
Mortgages
5.58
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.33
Construction and Development Loans 5.53
Commercial Real Estate 5.28
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Customer Reviews for Sterling Bank and Trust, FSB


  • January 30, 2021

    Sterling hasn't offered a 1% rate for over a year. Best one can do now is .20%. The rates shown on this site are grossly outdated.

Add Your Review

Rate it here →