Sterling Federal Bank FSB
Sterling, Illinois · FDIC Cert #27664
Sterling Federal Bank FSB is an FDIC-insured bank (Certificate #27664) with $524M in total assets and $392M in total deposits as of the Q2 2024 Call Report. Headquartered in Sterling, Illinois, the bank maintains a Tier 1 capital ratio of 11.37% (Well-Capitalized) and a nonperforming loan ratio of 2.36%. BankHealthData assigns a composite Health Grade of C (61/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Sterling Federal Bank FSB (FDIC cert 27664) is a community bank — $524M in total assets, $392M in deposits, serving the Sterling, Illinois area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is adequate: Tier 1 capital ratio of 11.37% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is elevated: non-performing loan ratio of 2.36% runs above 2%, suggesting the loan book carries more credit risk than peer banks. Elevated NPL can reflect specific portfolio concentrations or broader credit-cycle pressure. Liquidity is in the normal range: 23.0% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is negative: ROA of -0.07% means the bank lost money during the reporting period. Sustained negative ROA erodes capital and triggers escalating regulatory attention. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. Sterling Federal Bank FSB carries a composite BankHealth grade of C (61/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Sterling Federal Bank FSB
- Total Assets
- $524M
- Total Deposits
- $392M
- Tier 1 Capital Ratio
- 11.37%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 2.36%
- Liquidity Ratio
- 23.05%
- Return on Assets
- -0.07%
- Headquarters
- Sterling, Illinois
- FDIC Certificate
- #27664
- Health Grade
- C (61/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Sterling Federal Bank FSB holds a Tier 1 capital ratio of 11.37%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Sterling Federal Bank FSB has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Sterling Federal Bank FSB shows average financial health. While not alarming, its Health Score of 61/100 suggests some areas could be stronger. Your FDIC-insured deposits (up to $250,000) remain fully protected regardless.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Sterling Federal Bank FSB Compares
Sterling Federal Bank FSB’s Health Score of 61 is 11 points below the Illinois state average of 72 across 333 FDIC-insured banks. Its 11.37% Tier 1 capital ratio is 2.6 points below the US banking industry average near 14%. The 2.36% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of -0.07% is below the national ROA benchmark of ~1.1%. Among 1446 similarly-sized banks, the average Health Score is 70, meaning this bank ranks below its size cohort. Site-wide, Sterling Federal Bank FSB is 9 points below the portfolio average of 70.
Frequently Asked Questions
Sterling Federal Bank FSB has a Bank Health Score of C (61/100), placing it in average financial health. It holds a Tier 1 capital ratio of 11.37%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Sterling Federal Bank FSB's Tier 1 capital ratio of 11.37% and nonperforming loan ratio of 2.36% indicate an average risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Sterling Federal Bank FSB is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #27664). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Sterling Federal Bank FSB holds $524M in total assets and $392M in total deposits. It is headquartered in Sterling, Illinois (FDIC Certificate #27664).
Sterling Federal Bank FSB has a Tier 1 capital ratio of 11.37%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 2.36%, and the return on assets is -0.07%.
Yes. Sterling Federal Bank FSB is FDIC-insured (Certificate #27664). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An C grade on our Bank Health Score means 55-69/100 — average across capital, loan quality, and profitability. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Sterling Federal Bank FSB's metrics are around average for the industry. There's no urgent action needed for FDIC-insured deposits, but it's worth monitoring quarterly updates. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.