Sterling State Bank is a bank based in Austin, Minnesota, established in 1958, with $462 million in total assets across 6 branches. By Trust Grade it ranks 191st of 224 banks we track in Minnesota. Its capital ratio of 6.8% trails most similarly sized banks (6th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 0.92% return on assets. No consumer complaints against Sterling State Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Sterling State Bank compares to Minnesota peers
How we graded Sterling State Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (6.8% capital ratio)
- Profitable (ROA 0.92%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Sterling State Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (6)
- 1419 1st Ave Sw, Austin, MN 55912
- 4200 Badger Hills Dr Nw, Rochester, MN 55901
- 16366 Kenrick Ave, Lakeville, MN 55044
- 4520 150th St W, Apple Valley, MN 55124
- 10 25th St Se, Rochester, MN 55904
- 14185 Highway 13 S, Savage, MN 55378
Are deposits at Sterling State Bank insured?
Yes. Sterling State Bank is an FDIC-insured bank (FDIC certificate #17863). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Sterling State Bank: frequently asked questions
Is Sterling State Bank a good bank?
Sterling State Bank earns a Bankzia Trust Grade of B (86/100, "Strong"), based on a financial-strength score of 86/100 (it has no CFPB complaints on record). Well-capitalized (6.8% capital ratio); Profitable (ROA 0.92%).
Is Sterling State Bank FDIC-insured?
Yes. Sterling State Bank is a FDIC-insured bank (FDIC certificate #17863). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Sterling State Bank?
Sterling State Bank holds $462 million in total assets, ranking 191st of 224 banks we track in Minnesota. It operates 6 branches.
Does Sterling State Bank have CFPB complaints?
No CFPB complaints against Sterling State Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
