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Sterling State Bank

$100M-$1B Specialty: Commercial MN FDIC cert 17863

Austin, MN

6 branches across MN

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 2,643 banks in the $100M-$1B peer group nationwide — 1 of 151 in MN.
  • Deposits +5.4% year over year ($359.5M on the books).
  • Delinquency rate 0.47%.
  • Return on assets 0.98%.
  • Efficiency ratio 74.23% vs a 64.48% peer average.
  • Loan-to-deposit ratio 84.81% vs a 77.95% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

2643 banks in the $100M-$1B peer group nationally 151 in MN
View $100M-$1B leaderboard (MN) →

Sterling State Bank has 1 strength but faces 5 concerns

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + Delinquency Rate 0.45% below tier average

Key Concerns

Areas that may need attention

  • - Credit Risk Growth: Bottom 29.1% in tier
  • - Credit Quality Pressure: Bottom 49.4% in tier
  • - ROA 0.34% below tier average
  • - Net Interest Margin 0.45% below tier average
  • - Efficiency Ratio 9.75% above tier average
Get updates when Sterling State Bank releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Total Assets ? $461.9M
-10.6% YoY -0.1% QoQ
+$75.3M $386.6M
+1.2% YoY
$524.5M
+5.8% YoY
$6.3B
+7.7% YoY
68%
Total Loans ? $304.9M
+3.3% YoY -1.8% QoQ
+$46.6M $258.3M
+1.7% YoY
$300.2M
+7.3% YoY
$3.2B
+9.4% YoY
68%
Total Deposits ? $359.5M
+5.4% YoY -1.1% QoQ
+$32.8M $326.7M
+0.7% YoY
$452.1M
+5.5% YoY
$4.9B
+7.3% YoY
64%
Return on Assets ? 0.98%
+70.0% YoY +6.6% QoQ
-0.34% 1.32%
+10.8% YoY
1.26%
+17.2% YoY
1.30%
+12.1% YoY
32%
Net Interest Margin ? 3.54%
+27.6% YoY +3.1% QoQ
-0.45% 3.99%
+5.0% YoY
4.00%
+6.8% YoY
3.95%
+4.9% YoY
29%
Efficiency Ratio ? 74.23%
-12.0% YoY -1.6% QoQ
+9.75% 64.48%
-3.2% YoY
63.00%
-3.5% YoY
70.05%
+2.5% YoY
22%
Delinquency Rate ? 0.47%
+453.5% YoY -2.4% QoQ
-0.45% 0.92%
+15.7% YoY
1.01%
+19.3% YoY
0.98%
+16.3% YoY
47%
Loan-to-Deposit Ratio ? 84.81%
-2.0% YoY -0.7% QoQ
+6.86% 77.95%
+1.0% YoY
78.29%
-0.6% YoY
79.03%
+2.3% YoY
38%
Non-Interest-Bearing Deposit Share ? 24.30%
-5.7% YoY -0.9% QoQ
+2.27% 22.03%
-0.6% YoY
21.79%
+0.9% YoY
21.98%
-0.6% YoY
64%
Nonperforming Asset Ratio ? 0.31%
+32.5% YoY -4.1% QoQ
-0.36% 0.67%
+16.4% YoY
0.76%
+16.9% YoY
0.69%
+15.8% YoY
51%
Tier 1 Capital Ratio ? 12.80%
+3.7% YoY +2.2% QoQ
-3.11% 15.91%
+1.4% YoY
15.35%
-0.4% YoY
17.09%
+0.8% YoY
45%
Non-Interest Income / Assets ? 0.22%
+10.3% YoY +82.8% QoQ
-0.34% 0.57%
+7.6% YoY
0.31%
+3.9% YoY
0.66%
+5.2% YoY
57%

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Noninterest-Bearing 24.3%
-1.5pp YoY
-0.2pp QoQ
 +2.1pp 22.1% 21.9% 22.2% 63%
Brokered Deposits n/a n/a 7.9% 8.3% 8.5% n/a

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
C&I 9.6%
-1.0pp YoY
+0.4pp QoQ
 -2.0pp 11.6% 14.6% 12.5% 50%
CRE 75.1%
+1.8pp YoY
+0.1pp QoQ
 +35.5pp 39.5% 36.5% 41.4% 95%
1-4 Family 15.4%
-0.7pp YoY
-0.5pp QoQ
 -17.2pp 32.6% 29.4% 31.3% 20%
Consumer 1.3%
-0.1pp YoY
0.0pp QoQ
 -2.8pp 4.1% 4.5% 5.0% 35%

Capital

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
CET1 Ratio 12.8%
+0.5pp YoY
+0.3pp QoQ
 -6.0pp 18.8% 16.5% 19.7% 25%
Leverage Ratio 8.5%
+1.3pp YoY
0.0pp QoQ
 -3.6pp 12.2% 11.0% 12.6% 7%
Total Capital Ratio 14.0%
+0.5pp YoY
+0.3pp QoQ
 -6.0pp 19.9% 17.6% 20.8% 26%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Full-Time Employees 59
+1 (+1.7%) YoY
+1 (+1.7%) QoQ
 +0 58 55 482 62%
Assets per Employee ($) $7.8M
-12.1% YoY
-1.8% QoQ
 +$310K $7.5M $8.6M $8.8M 65%
Branch Count 6
0 YoY
0 QoQ
 +1 4 4 18 66%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Past Due 90+ Days 0.0%
0.0pp YoY
0.0pp QoQ
 -0.3pp 0.3% 0.4% 0.4% 14%
Nonaccrual 0.5%
+0.4pp YoY
0.0pp QoQ
 -0.5pp 0.9% 1.0% 1.0% 51%
Allowance Coverage 2.51x
-80.9% YoY
+3.5% QoQ
 -21.64x 24.15x 20.41x 20.23x 54%
Net Charge-off Rate (YTD) n/a n/a 0.1% 0.2% 0.2% n/a

Profitability

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
ROE 14.5%
+2.7pp YoY
+0.8pp QoQ
 +2.3pp 12.2% 13.1% 11.6% 65%
Cost of Funds (YTD) 1.4%
-0.5pp YoY
0.0pp QoQ
 -0.3pp 1.7% 1.7% 1.7% 28%
Net Income ($, YTD) $2.3M
+57.3% YoY
— QoQ
 -$262K $2.6M $4.5M $40.4M 58%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (0)

No matched strength signatures this quarter

Concerns (2)

Credit Risk Growth

risk
#273 of 936 • Bottom 29.1% in tier

Loan portfolio growing while delinquencies are rising. Expansion with deteriorating credit quality needs attention.

936 of 936 Community banks match · 1401 nationally
→ Stable -58 banks QoQ | QoQ rank improving

Credit Quality Pressure

risk
#621 of 1256 • Bottom 49.4% in tier

Delinquencies rising year-over-year. Credit risk is building - underwriting tools or reserves may need attention.

Why this signature
Delinquency Rate: 0.47%
(Tier: 0.92%, National: 0.98%)
better than tier avg
1256 of 1256 Community banks match · 1820 nationally
→ Stable -71 banks QoQ | QoQ rank improving

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 2643 peers in $100M-$1B

Top Strengths (0 metrics)

No strength rankings available

Top Weaknesses (1 metrics)

2071
Efficiency Ratio
profitability
Value: 74.23%
Peer Median: 64.48%
#2071 of 2643 Bottom 21.7% in $100M-$1B
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