Sterling National Bank

Headquarters

400 Rella Boulevard
Montebello, NY 10901
See all branch locations →

Phone 855-762-7500

Notable Rates APY Vs.Others
Savings 0.01% 0.95% →
1-Year CD 0.10% 1.01% →
2-Year CD 0.25% 0.95% →
5-Year CD 0.25% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Sterling National Bank is an FDIC insured institution located in Montebello, NY. It was founded in 1895 and has approximately $30.26 billion in assets. Customers can open an account at one of its 150 branches.

FDIC Insured Yes
FDIC Certificate # 30337
Date Established 1895
Assets $ 30.26 billion
Loans $ 21.39 billion
Deposits $ 22.91 billion
Capital $ 4.54 billion
 

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

Deposit Rates - October 27, 2020

Your Current Location: Washington, WA 98101

Savings and Money Market Rates APY MIN MAX
Savings
0.01% $2,500 $4,999 Learn More
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.01% $10,000 $14,999 Learn More
Money Market
0.01% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.20% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.10% $10,000 $14,999 Learn More
12 Mo CD
0.10% $100,000 $199,999 Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.25% $10,000 $14,999 Learn More
24 Mo CD
0.25% $100,000 $199,999 Learn More
36 Mo CD
0.25% $10,000 $14,999 Learn More
36 Mo CD
0.25% $100,000 $199,999 Learn More
48 Mo CD
0.25% $10,000 $14,999 Learn More
48 Mo CD
0.25% $100,000 $199,999 Learn More
60 Mo CD
0.25% $10,000 $14,999 Learn More
60 Mo CD
0.25% $100,000 $199,999 Learn More

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

Online Only Savings Rates of Brio Direct, a division of Sterling National Bank

Online Savings Rates APY MIN MAX
High Yield Savings
0.60% $25 - Learn More

Online Only CD Rates of Brio Direct, a division of Sterling National Bank

Online CD Rates APY MIN MAX
9 Month CD
0.30% $500 - Learn More
12-Month CD
0.45% $500 - Learn More

Bank Online Offers

Brio Direct Lowers Online Savings Rate to 2.10% APY
Dec 12, 2019

Brio Direct, a division of Sterling National Bank, has lowered its online savings rate from 2.20% to 2.10% APY.   This is the most recent is a series or quick and successive rate drops at this bank.   While the rate is still very competitive, this bank is so poorly reviewed on BestCashCow that depositors may want to think twice before chasing their savings rate.



Loan Rates - October 27, 2020

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Sterling National Bank

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.674% 2.625% 0.63 $1,595 $1,005 Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.728% 2.625% 0.88 $3,385 $1,005 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

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

Branches

Sterling National Bank 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


Sterling National Bank Locations


Financial Details

Sterling National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Sterling National Bank. 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 National Bank U.S. Bank Average
5.45% 6.94%

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 March 31, 2020, Sterling National Bank had $253,750,000 in non-current loans and $11,815,000 in owned real estate. To cover these potential losses it had $4,544,425,000 in equity and $326,444,000 in loans loss reserves. That gives it a Texas Ratio of 5.45%.

Return on Equity
Sterling National Bank U.S. Bank Average
2.02% 7.80%

Sterling National Bank has a Return on Equity of 2.02% versus the BestCashCow average of 7.80%. 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 National Bank U.S. Bank Average
15.02% 12.68%

Sterling National Bank has a Capitalization of 15.02% versus the BestCashCow average of 12.68. 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 National Bank Balance Sheet Analysis

As of March 31, 2020, Sterling National Bank had assets of $30,259,156,000, loans of $21,391,637,000, and deposits of $22,911,335,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 348.64 million
Interest-bearing balances $ 215.49 million
Total securities $ 4.61 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 21.39 billion
Loan loss allowance $ 326.44 million
Trading account assets $ 166.43 million
Bank premises and fixed assets N.A.
Other real estate owned $ 11.82 million
Goodwill and other intangibles $ 1,748.76 million
All other assets $ 1,748.83 million
     Total Assets $ 25.71 billion
LIABILITIES
Total deposits $ 22.91 billion
      Interest-bearing deposits $ 18.41 billion
      Deposits held in domestic offices $ 22.91 billion
      % insured (estimated) 66.50%
Federal funds purchased and repurchase agreements $ 27.56 million
Trading liabilities $ 64.62 million
Other borrowed funds $ 1,955.45 million
Subordinated debt $ 173.24 million
All other liabilities $ 582.52 million
      Total Liabilities $ 25.71 billion
      Shareholders’ Equity $ 4.54 billion

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 273.53 million
Total Interest Expense $ 57.49 million
Net interest income $ 216.03 million
Provision for loan and lease losses $ 138.28 million
Total non interest income $ 34.29 million
Total non interest expense $ 108.54 million
Pre-tax Net Operating Income $ 3.51 million

Bank Loan Profile?

The top three loan types in Sterling National Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Multifamily Mortgages.

Compared to other banks, Sterling National Bank’s loan portfolio does not show any specific loan specialty.

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 10.69
Multifamily
Mortgages
22.14
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 1.18
Construction and Development Loans 2.45
Commercial Real Estate 26.48
Commercial and Industrial Loans 26.23
Farm Loans 0.00

Frequently Asked Questions About Sterling National Bank

Branches and Savings

Is Sterling National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #30337.

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

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

Why are Sterling National Bank CD rates not competitive?

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

Is Sterling National Bank a commercial bank?

Yes

Where are Sterling National Bank locations?

See branch locations nearby.

Is Sterling National Bank open on Saturdays?

Is Sterling National Bank open on Sundays?

What time does Sterling National Bank open?

What time does Sterling National Bank close?

Are Sterling National Bank ATMs Open 24/7?

Do Sterling National Bank ATMs accept cash deposits?

Can Sterling National Bank customers use other ATMs?

Do Sterling National Bank branches have notaries?

Will Sterling National Bank notarize my document?

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

Will the Sterling National Bank branch print checks?

Do Sterling National Bank checks expire?

Does Sterling National Bank require US citizenship to open account?

Can Sterling National Bank close my account?

Does Sterling National Bank Report to credit bureaus?

Does Sterling National Bank Use Equifax?

What is Sterling National Bank's ACH Routing Number?

What is Sterling National Bank's SWIFT code?

Products

Does Sterling National Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Sterling National Bank offer personal loans?

Compare personal loan rates here.

Does Sterling National Bank offer student loans?

Will Sterling National Bank cash a check?

Will Sterling National Bank redeem a savings bond?

Does Sterling National Bank cash savings bonds?

Will Sterling National Bank cash money orders?

Can Sterling National Bank issue a money order?

Does Sterling National Bank do currency exchange?

Background on The Bank

Who owns Sterling National Bank?

How long has Sterling National Bank been around?

Can Sterling National Bank transfer to other banks?

Does Sterling National Bank have quick pay?

Does Sterling National Bank accept rolled coins?

Will Sterling National Bank accept loose change?

Where is Sterling National Bank headquarters?

Customer Reviews for Sterling National Bank


  • March 12, 2019

    Spent 15 minutes trying to find your CD rates; but I was unable to so I will go to another bank!!

  • November 12, 2018

    waiting for ira increased

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