Sterling State Bank

Headquartered in Austin, MN. Part of Sterling Financial Group, Inc. FDIC certificate #17863 · Federal Reserve RSSD 144155.

Total assets

$462M

Deposits

$364M

Q1 2026

Active branches

Closings since Jan 2020

0 openings since Jan 2020

All locations →Quarterly financials →

Financial snapshot — Q1 2026

All quarters →

Net income (quarter)

$1M

Return on assets

0.92%

Return on equity

13.77%

Noncurrent loan rate

0.48%

Deposits by year (Summary of Deposits)

2019

2020

2021

2022

2023

2024

2025

Values in $ billions, June 30 of each year.

Closings by year

2021

Branches by state

Minnesota 6

Recent closings

Sterling State Bank — Lyle, MNbank exits cityno other active branch recorded in city
403 1ST ST · closed December 31, 2021

All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: www.sterlingstatebank.com.