Sterling State Bank
Austin, MN · Owner: Sterling Financial Group Inc
$462M
total assets, June 30, 2026
$462M
total assets, June 30, 2026
Sterling State Bank is a state nonmember bank based in Austin, MN, owned by Sterling Financial Group Inc. As of June 30, 2026 it held $461.9 million in assets and $359.5 million in deposits; assets were down 10.6% from a year before. It has 6 branches.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$462M
-10.6% in a year · -0.1% in a quarter
Deposits
$360M
+5.4% in a year · -1.1% in a quarter
Loans
$309M
+3.4% in a year · -1.8% in a quarter
Profit so far
$2.3M
Jan 1 to Jun 30, 2026 · +57.3% in a year
Capital ratio
8.54%
+1.33 pts in a year
Return on assets
0.98%
+0.40 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 1419 1st Ave Sw, Austin, MN, 55912
- County
- Mower
- Holding company
- Sterling Financial Group Inc
- Established
- May 1, 1958
- Employees
- 59
- Branches
- 6
- Website
- www.sterlingstatebank.com
- Id
- b17863
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
6 offices as of June 30, 2026, holding $359.5 million in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Minnesota | 6 | $360M | 100.0% |
| Largest branches | Place | Deposits |
|---|---|---|
| Rochester Branch | Rochester, MN | $177M |
| Sterling State Bank (main office) | Austin, MN | $47.3M |
| Rochester South Branch | Rochester, MN | $46.7M |
| Lakeville Branch | Lakeville, MN | $37.5M |
| Savage Branch | Savage, MN | $35.0M |
| Apple Valley Branch | Apple Valley, MN | $16.4M |
Related pages
Questions and answers
How big is Sterling State Bank?
$461.9 million in total assets and $359.5 million in deposits as of June 30, 2026, with assets down 10.6% from a year before. Its loans were $308.5 million.
How many branches does Sterling State Bank have?
6 branches in Minnesota as of June 30, 2026.
Is Sterling State Bank profitable?
Yes: it earned $2.29 million from January 1 to June 30, 2026 (up 57.3% from the same months a year before). Its return on assets was 0.98% a year; about 1% is typical.
Who owns Sterling State Bank?
Sterling State Bank is owned by Sterling Financial Group Inc, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.