Stearns Bank National Association
Stearns Bank National Association is an FDIC insured institution headquartered at
4191 2nd St S, Saint Cloud, MN 56301.
It was founded in
1912 and has approximately $2 billion in
assets. Customers can open an account at one of its 9 branches.
Deposit Rates - March 25, 2023
| CD RATES | APY | MIN | |
|---|---|---|---|
|
12 Mo CD
|
0.40% | $10,000 | Compare |
|
12 Mo CD
|
0.40% | $100,000 | Compare |
|
24 Mo CD
|
0.50% | $10,000 | Compare |
|
24 Mo CD
|
0.50% | $100,000 | Compare |
| MM RATES | APY | MIN | |
|---|---|---|---|
|
Money Market
|
0.25% | $2,500 | Compare |
|
Money Market
|
0.25% | $10,000 | Compare |
|
Money Market
|
0.25% | $25,000 | Compare |
| VARIABLE IRA RATES | APY | MIN |
|---|---|---|
|
Var IRA
|
0.25% | $1 |
| INT CHECKING RATES | APY | MIN |
|---|---|---|
|
Int Ckg
|
0.10% | $1 |
|
Int Ckg
|
0.10% | $2,500 |
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Featured 30-Year Fixed Mortgage Rates
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0.986 Pts ($2,465)
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Pts ($0)
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Overview 2023
General Bank Information
| FDIC Insured | Yes |
| FDIC Certificate | # 10988 |
| Date Established | 1912 |
| Assets | $ 2.10 billion |
| Loans | $ 1,772.08 million |
| Deposits | $ 1,423.02 million |
| Capital | $ 538.64 million |
Summary Balance Sheet
| ASSETS | |
| Cash & Balances due from depository institutions | $ 111.41 million |
| Interest-bearing balances | $ 88.33 million |
| Total securities | $ 53.39 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 1,772.08 million |
| Loan loss allowance | $ 53.39 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 19.60 million |
| Goodwill and other intangibles | $ 8.06 million |
| All other assets | $ 35.42 million |
| Total Assets | $ 1,478.02 million |
| LIABILITIES | |
| Total deposits | $ 1,423.02 million |
| Interest-bearing deposits | $ 1,253.26 million |
| Deposits held in domestic offices | $ 1,423.02 million |
| % insured (estimated) | 67.51% |
| Federal funds purchased and repurchase agreements | $ 22.40 million |
| Trading liabilities | N.A. |
| Other borrowed funds | N.A. |
| Subordinated debt | N.A. |
| All other liabilities | $ 32.08 millionn |
| Total Liabilities | $ 1,478.02 million |
| Shareholders’ Equity | $ 617.60 million |
Summary Income Statement
| INCOME AND EXPENSES | |
| Total Interest Income | $ 110.13 million |
| Total Interest Expense | $ 7.39 million |
| Net interest income | $ 102.74 million |
| Provision for loan and lease losses | N.A. |
| Total non interest income | $ 10.17 million |
| Total non interest expense | $ 56.82 million |
| Pre-tax Net Operating Income | $ 38.64 million |
Customer Reviews for Stearns Bank National Association
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Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1LOCAL CDBankMINNESOTA$50,00012 Month0.40%0.91x (National Avg. - 0.44%)$10,000-SCENARIO
Year Rate
0.40%Annual
InterestAnnual Interest
(After Tax)1 50,000 200 140 2 50,200 201 141 3 50,401 202 141 4 50,602 202 142 5 50,805 203 142 6 51,008 204 143 7 51,212 205 143 8 51,417 206 144 9 51,623 206 145 10 51,829 207 145 11 52,036 208 146 12 52,245 209 146 13 52,454 210 147 14 52,663 211 147 15 52,874 211 148 16 53,085 212 149 17 53,298 213 149 18 53,511 214 150 19 53,725 215 150 20 53,940 216 151 TOTAL $4,156 $2,909 - 2LOCAL CDOnline Bank-$50,00060 Month4.10%5.06x (National Avg. - 0.81%)$2,500-SCENARIO
Year Rate
4.10%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,050 1,435 2 52,050 2,134 1,494 3 54,184 2,222 1,555 4 56,406 2,313 1,619 5 58,718 2,407 1,685 6 61,126 2,506 1,754 7 63,632 2,609 1,826 8 66,241 2,716 1,901 9 68,957 2,827 1,979 10 71,784 2,943 2,060 11 74,727 3,064 2,145 12 77,791 3,189 2,233 13 80,980 3,320 2,324 14 84,300 3,456 2,419 15 87,757 3,598 2,519 16 91,355 3,746 2,622 17 95,100 3,899 2,729 18 98,999 4,059 2,841 19 103,058 4,225 2,958 20 107,284 4,399 3,079 TOTAL $61,682 $43,178 - 3LOCAL CDOnline Bank-$50,00024 Month4.30%7.76x (National Avg. - 0.55%)$2,500-SCENARIO
Year Rate
4.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,150 1,505 2 52,150 2,242 1,570 3 54,392 2,339 1,637 4 56,731 2,439 1,708 5 59,171 2,544 1,781 6 61,715 2,654 1,858 7 64,369 2,768 1,938 8 67,137 2,887 2,021 9 70,024 3,011 2,108 10 73,035 3,140 2,198 11 76,175 3,276 2,293 12 79,451 3,416 2,391 13 82,867 3,563 2,494 14 86,430 3,717 2,602 15 90,147 3,876 2,713 16 94,023 4,043 2,830 17 98,066 4,217 2,952 18 102,283 4,398 3,079 19 106,681 4,587 3,211 20 111,268 4,785 3,349 TOTAL $66,053 $46,237 - 4LOCAL CDOnline Bank-$50,00012 Month4.50%10.25x (National Avg. - 0.44%)$2,500-SCENARIO
Year Rate
4.50%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,250 1,575 2 52,250 2,351 1,646 3 54,601 2,457 1,720 4 57,058 2,568 1,797 5 59,626 2,683 1,878 6 62,309 2,804 1,963 7 65,113 2,930 2,051 8 68,043 3,062 2,143 9 71,105 3,200 2,240 10 74,305 3,344 2,341 11 77,648 3,494 2,446 12 81,143 3,651 2,556 13 84,794 3,816 2,671 14 88,610 3,987 2,791 15 92,597 4,167 2,917 16 96,764 4,354 3,048 17 101,119 4,550 3,185 18 105,669 4,755 3,329 19 110,424 4,969 3,478 20 115,393 5,193 3,635 TOTAL $70,586 $49,410
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