Stearns Bank National Association

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Deposit Rates - April 20, 2021

CD RATES APY MIN MAX
12 Mo CD
0.40% $10,000 $14,999 Compare
12 Mo CD
0.40% $100,000 $199,999 Compare
24 Mo CD
0.50% $10,000 $14,999 Compare
24 Mo CD
0.50% $100,000 $199,999 Compare
MM RATES APY MIN MAX
Money Market
0.25% $2,500 $2,999 Compare
Money Market
0.25% $10,000 $14,999 Compare
Money Market
0.25% $25,000 $29,999 Compare
VARIABLE IRA RATES APY MIN MAX
Var IRA
0.25% $1 $499
INT CHECKING RATES APY MIN MAX
Int Ckg
0.10% $1 $99
Int Ckg
0.10% $2,500 $3,499

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 10988
Date Established 1912
Assets $ 2.17 billion
Loans $ 1,641.63 million
Deposits $ 1,634.58 million
Capital $ 470.95 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 444.87 million
Interest-bearing balances $ 437.83 million
Total securities $ 18.89 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,641.63 million
Loan loss allowance $ 94.28 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.37 million
Goodwill and other intangibles N.A.
All other assets $ 50.10 million
     Total Assets $ 1,701.23 million

LIABILITIES
Total deposits $ 1,634.58 million
      Interest-bearing deposits $ 1,460.49 million
      Deposits held in domestic offices $ 1,634.58 million
      % insured (estimated) 76.83%
Federal funds purchased and repurchase agreements $ 35.00 million
Trading liabilities N.A.
Other borrowed funds $ 10.00 million
Subordinated debt N.A.
All other liabilities $ 21.64 millionn
      Total Liabilities $ 1,701.23 million
      Shareholders’ Equity $ 470.95 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 159.84 million
Total Interest Expense $ 23.34 million
Net interest income $ 136.50 million
Provision for loan and lease losses $ 52.18 million
Total non interest income $ 30.28 million
Total non interest expense $ 64.84 million
Pre-tax Net Operating Income $ 49.76 million

Stearns Bank National Association is an FDIC insured institution headquartered at 4191 Second Street South, Saint Cloud, MN 56303.
It was founded in 1912 and has approximately $2 billion in assets. Customers can open an account at one of its 9 branches.