Stearns Bank National Association

Headquarters

4191 2nd St S
Saint Cloud, MN 56301
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Notable Rates	APY	Vs.Others
Savings	N.A.	5.50% →
1-Year CD	N.A.	4.65% →
2-Year CD	N.A.	4.25% →
5-Year CD	N.A.	4.05% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Public Note: Minnesota-based Stearns Bank National Association is a $2.2 billion, independently-owned financial institution with locations in Minnesota, Florida and Arizona, and over 35,000 small business customers nationwide, in every state across the U.S. Driven by a passion to help others achieve their greatest ambitions, Stearns Bank’s mission is to Get the Job Done!

July 7, 2023

Overview
Deposit Rates
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Financial Details
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2024 Overview

General Bank Information

Stearns Bank National Association is an FDIC insured institution located in Saint Cloud, MN. It was founded in 1912 and has approximately $3.22 billion in assets. Customers can open an account at one of its 7 branches.


FDIC Insured	Yes
FDIC Certificate	# 10988
Date Established	1912
Assets	$ 3.22 billion
Loans	$ 2.60 billion
Deposits	$ 2.38 billion
Capital	$ 512.58 million

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

Deposit Rates - December 21, 2024

Your Current Location: Ohio, OH 43085

Loan Rates - December 21, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Stearns Bank National Association

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender	APR	Rate (%)	Monthly Payment	Learn More
NMLS ID: 1835285	6.494%	6.375% 0.75 points $4,000 fees	$1,997	Learn More
NMLS ID: 1025894	6.863%	6.750% 1.00 points $3,705 fees	$2,076	Learn More
NMLS ID: 3030	7.325%	7.250% 0.75 points $2,400 fees	$2,183	Learn More
NMLS ID: 491986		points fees		Learn More

See More Mortgage Rates →

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 7.240 % After Intro: 7.240 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Rate See Table	Intro APR 7.900 % After Intro: 7.900 %	$25,000	Learn More More Info
A Guaranteed Rate HELOC is secured with your home as collateral, whereas personal loans and credit cards are not. To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. Guaranteed Rate Home Equity Line is an open-end product where the full loan amount (minus lender, broker, third party, and governement fees, as applicable) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw. Apply in 5 minutes, get your money in as fast as 5 days. Digital application experience. Funds directly to your bank account. No in-person appraisal needed.

See More Home Equity Rates →

Note to Stearns Bank National Association
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Branches

Stearns Bank National Association 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:
Columbus,Ohio

Stearns Bank National Association Locations around zip code 43085

Branch	Distance	Map	View Lobby Hours
Pine City Branch	665.70	A	View Lobby Hours
St. Cloud Branch	708.72	B	View Lobby Hours
Albany Branch	727.70	C	View Lobby Hours
St Petersburg Branch	837.70	D	View Lobby Hours
Sarasota Branch	872.72	E	View Lobby Hours
Venice Branch	890.67	F	View Lobby Hours
Arizona Branch	1593.01	G	View Lobby Hours

View Branches Nationwide →

Climate Policy and Initiatives

Stearns Bank National Association is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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Financial Details

Financial Note

Recognized as having a bullet-proof balance sheet with 25% capital and earning top rankings as one of the nation’s highest-performing banks by American Banker, and most recently ranked fourth in the U.S. among banks having more than $1 billion in assets by Independent Banker’s 2023 Best of the Best ranking of banks with the highest 3-year average Return on Assets, Stearns Bank specializes in nationwide commercial construction lending, USDA and SBA lending, and small business and equipment financing.

Stearns Bank National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Stearns Bank National Association. 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

Stearns Bank National Association	U.S. Bank Average
12.2%	4.48%

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 June 30, 2024, Stearns Bank National Association had $52,855,000 in non-current loans and $19,206,000 in owned real estate. To cover these potential losses it had $512,584,000 in equity and $78,162,000 in loans loss reserves. That gives it a Texas Ratio of 12.2%.

Return on Equity

Stearns Bank National Association	U.S. Bank Average
7.6%	10.46%

Stearns Bank National Association has a Return on Equity of 7.6% versus the BestCashCow average of 10.46%. 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

Stearns Bank National Association	U.S. Bank Average
15.9%	10.84%

Stearns Bank National Association has a Capitalization of 15.9% versus the BestCashCow average of 10.84. 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.

Stearns Bank National Association Balance Sheet Analysis

As of June 30, 2024, Stearns Bank National Association had assets of $3,223,214,000, loans of $2,596,022,000, and deposits of $2,377,776,000. 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

June 30, 2024

ASSETS
Cash & Balances due from depository institutions	$ 419.38 million
Interest-bearing balances	$ 411.42 million
Total securities	$ 89.61 million
Federal funds sold and reverse repurchase	N.A.
Net loans and leases	$ 2.60 billion
Loan loss allowance	$ 78.16 million
Trading account assets	N.A.
Bank premises and fixed assets	N.A.
Other real estate owned	$ 19.21 million
Goodwill and other intangibles	$ 18.53 million
All other assets	$ 35.42 million
Total Assets	$ 2.71 billion

LIABILITIES
Total deposits	$ 2.38 billion
Interest-bearing deposits	$ 2.19 billion
Deposits held in domestic offices	$ 2.38 billion
% insured (estimated)	80.09%
Federal funds purchased and repurchase agreements	$ 51.28 million
Trading liabilities	N.A.
Other borrowed funds	N.A.
Subordinated debt	N.A.
All other liabilities	$ 32.08 million
Total Liabilities	$ 2.71 billion
Shareholders’ Equity	$ 512.58 million

Summary Income Statement

June 30, 2024

INCOME AND EXPENSES
Total Interest Income	$ 132.31 million
Total Interest Expense	$ 46.62 million
Net interest income	$ 85.70 million
Provision for loan and lease losses	$ 13.54 million
Total non interest income	$ 6.23 million
Total non interest expense	$ 50.40 million
Pre-tax Net Operating Income	$ 38.64 million

Bank Loan Profile^?

The top three loan types in Stearns Bank National Association’s loan portfolio are Commercial and Industrial Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in Minnesota, Stearns Bank National Association has a significantly higher percent of Construction and Development Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

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	0.84	✓
Multifamily Mortgages	1.12		✓
Credit Card Loans	0.00	✓
Consumer Auto Loans	0.02		✓
Small Business Loans	2.54		✓
Construction and Development Loans	16.19			✓
Commercial Real Estate	10.95		✓
Commercial and Industrial Loans	36.20			✓
Farm Loans	0.16		✓

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