Sterling Federal Bank, F.S.B.

110 E 4th St
Sterling, IL 61081

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 27664
Date Established 1885
Assets $0.47 billion
Loans $0.20 billion
Deposits $0.37 billion
Capital $0.05 billion

Sterling Federal Bank, F.S.B. is an FDIC insured institution located in Sterling, IL. It was founded in 1885 and has approximately $0.47 billion in assets. Customers can open an account at one of its 10 branches.

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

Bank Loan Profile?

The top three loan types in Sterling Federal Bank, F.S.B.’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Small Business Loans.

Compared to other banks in Illinois, Sterling Federal Bank, F.S.B. 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 61.50
Multifamily
Mortgages
5.82
Credit Card Loans 0.00
Consumer Auto Loans 0.66
Small Business Loans 6.52
Construction and Development Loans 2.93
Commercial Real Estate 6.52
Commercial and Industrial Loans 6.88
Farm Loans 5.88

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.55% $500 - Learn MoreShow Less
Special: 13 Mo FIRA
1.51% $10,000 - Learn MoreShow Less
Special: 25 Mo FIRA
1.76% $10,000 - Learn MoreShow Less
Special: 30 Mo FIRA
1.21% $10,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.07% $200 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.15% $10,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.15% $15,000 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Sterling Federal Bank, F.S.B.

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
License#: MC-2462
4.703% 4.625% 0.38 $2,265 $1,286 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
4.711% 4.625% 0.50 $2,510 $1,286 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.409% 4.375% 0.00 $1,104 $1,249 Learn More
PenFed Credit Union
NMLS ID: 401822
4.585% 4.500% 0.00 $2,500 $1,267 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.990% $238.42 Learn More
Flagstar Bank 5.490% $283.58 Learn More

Note to Sterling Federal Bank, F.S.B.
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Sterling Federal Bank, F.S.B. 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:
Ashburn,Virginia


Sterling Federal Bank, F.S.B. Locations

Financial Details

Sterling Federal Bank, F.S.B. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Sterling Federal Bank, F.S.B.. 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 Federal Bank, F.S.B. U.S. Bank Average
7.16% 8.32%

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 September 30, 2017, Sterling Federal Bank, F.S.B. had $3,423,000 in non-current loans and $248,000 in owned real estate. To cover these potential losses it had $49,690,000 in equity and $1,578,000 in loans loss reserves. That gives it a Texas Ratio of 7.16%.

Return on Equity
Sterling Federal Bank, F.S.B. U.S. Bank Average
-0.08% 8.84%

Sterling Federal Bank, F.S.B. has a Return on Equity of -0.08% versus the BestCashCow average of 8.84%. 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 Federal Bank, F.S.B. U.S. Bank Average
10.64% 12.21%

Sterling Federal Bank, F.S.B. has a Capitalization of 10.64% versus the BestCashCow average of 12.21. 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 Federal Bank, F.S.B. Balance Sheet Analysis

As of December 31, 2017, Sterling Federal Bank, F.S.B. had assets of $467,011,000, loans of $202,583,000, and deposits of $365,010,000. 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

ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.21 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.20 billion
Loan loss allowance $0.00 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 $0.42 billion
LIABILITIES
Total deposits $0.37 billion
      Interest-bearing deposits $0.33 billion
      Deposits held in domestic offices $0.37 billion
      % insured (estimated) 96.46%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.05 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.42 billion
      Shareholders’ Equity $0.05 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 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 $0.00 billion

Frequently Asked Questions About Sterling Federal Bank, F.s.b.

Branches and Savings

Is Sterling Federal Bank, F.s.b. FDIC insured?

Yes. It is covered under FDIC Certificate #27664.

Why does Sterling Federal Bank, F.s.b. pay such low interest on savings accounts?

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

Why are Sterling Federal Bank, F.s.b. CD rates not competitive?

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

Is Sterling Federal Bank, F.s.b. a commercial bank?

Yes

Where are Sterling Federal Bank, F.s.b. locations?

See branch locations nearby.

Is Sterling Federal Bank, F.s.b. open on Saturdays?

Is Sterling Federal Bank, F.s.b. open on Sundays?

What time does Sterling Federal Bank, F.s.b. open?

What time does Sterling Federal Bank, F.s.b. close?

Are Sterling Federal Bank, F.s.b. ATMs Open 24/7?

Do Sterling Federal Bank, F.s.b. ATMs accept cash deposits?

Can Sterling Federal Bank, F.s.b. customers use other ATMs?

Do Sterling Federal Bank, F.s.b. branches have notaries?

Will Sterling Federal Bank, F.s.b. notarize my document?

What address for Sterling Federal Bank, F.s.b. should I put for incoming ACH transfers?

Will the Sterling Federal Bank, F.s.b. branch print checks?

Do Sterling Federal Bank, F.s.b. checks expire?

Does Sterling Federal Bank, F.s.b. require US citizenship to open account?

Can Sterling Federal Bank, F.s.b. close my account?

Does Sterling Federal Bank, F.s.b. Report to credit bureaus?

Does Sterling Federal Bank, F.s.b. Use Equifax?

What is Sterling Federal Bank, F.s.b.'s ACH Routing Number?

What is Sterling Federal Bank, F.s.b.'s SWIFT code?

Products

Does Sterling Federal Bank, F.s.b. offer mortgages?

Compare mortgage rates here.

Does Sterling Federal Bank, F.s.b. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Sterling Federal Bank, F.s.b. offer personal loans?

Compare personal loan rates here.

Does Sterling Federal Bank, F.s.b. offer student loans?

Will Sterling Federal Bank, F.s.b. cash a check?

Will Sterling Federal Bank, F.s.b. redeem a savings bond?

Does Sterling Federal Bank, F.s.b. cash savings bonds?

Will Sterling Federal Bank, F.s.b. cash money orders?

Can Sterling Federal Bank, F.s.b. issue a money order?

Does Sterling Federal Bank, F.s.b. do currency exchange?

Background on The Bank

Who owns Sterling Federal Bank, F.s.b.?

How long has Sterling Federal Bank, F.s.b. been around?

Can Sterling Federal Bank, F.s.b. transfer to other banks?

Does Sterling Federal Bank, F.s.b. have quick pay?

Does Sterling Federal Bank, F.s.b. accept rolled coins?

Will Sterling Federal Bank, F.s.b. accept loose change?

Where is Sterling Federal Bank, F.s.b. headquarters?

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