Stearns Bank
Stearns Bank reported total assets of $3.3 bn at Q2 2026, down 7.7% on a year earlier, the 388th largest of 497 banks in our US coverage. The CET1 capital ratio at Stearns Bank was 15.39%, and the uninsured share of Stearns Bank was 15.89%. Source: FDIC Call Reports.
Key takeaways
- On return on equity (ROE), Stearns Bank climbed from 476th to 220th among 500 US banks between and (1 = highest; FDIC Call Reports).
- Stearns Bank has one of the highest net charge-offs to average loans readings among banks of $1 bn to $10 bn: 2.05% at , against a median of 0.06% across 339 banks (FDIC Call Reports).
- At 114.76%, the loan-to-deposit ratio of Stearns Bank sits in the top tenth of its size group ($1 bn to $10 bn, 339 banks), where the median is 88.61% (FDIC Call Reports).
What sets Stearns Bank apart
- Few banks of $1 bn to $10 bn report a higher net interest margin than Stearns Bank, at 6.04% in against a group median of 3.66%.
- Over the year to , the total deposits of Stearns Bank fell by 15.6% to $2.4 bn, a bigger fall than at 99% of covered banks.
- Stearns Bank has one of the highest tier 1 leverage ratio readings among banks of $1 bn to $10 bn: 15.42% at , against a median of 10.45% across 339 banks.
How large is Stearns Bank?
The balance sheet of Stearns Bank at : assets $3.3 bn, deposits $2.4 bn, net loans $2.7 bn (loans equal to 114.76% of deposits). Securities make up 3.5% of total assets at Stearns Bank. Since , when Stearns Bank held $1.9 bn, its assets grew 75.7%. In the year to , deposits at Stearns Bank fell 15.6% while its total assets fell 7.7%. At , Stearns Bank employed 455 full-time equivalent staff across 8 offices, about $7.2 mn of assets per employee and $298.2 mn of deposits per office.
How much funding at Stearns Bank is uninsured?
At Stearns Bank, uninsured deposits (above the FDIC limit) made up 15.89% of domestic deposits at (-1.09 pp on a year earlier); Stearns Bank ranks 445th of 500 on this measure. In dollars, Stearns Bank estimated $379.1 mn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.4 bn | -15.6% | 442nd of 499 |
| Net loans and leases | $2.7 bn | -9.1% | 339th of 500 |
| Loan-to-deposit ratio | 114.76% | +8.20 pp | 17th of 500 |
| Tier 1 leverage ratio | 15.42% | +1.30 pp | 24th of 500 |
| Total risk-based capital ratio | 17.52% | +2.08 pp | 81st of 448 |
| Net interest margin | 6.04% | -0.39 pp | 25th of 500 |
| Return on assets (ROA) | 2.09% | +1.41 pp | 38th of 500 |
| Efficiency ratio | 52.81% | -2.28 pp | 188th of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $6.1 mn | Widened by $3.0 mn | |
| Noncurrent loans to total loans | 2.65% | +0.48 pp | 474th of 500 (1 = lowest) |
| Net charge-offs to average loans | 2.05% | +1.56 pp | 483rd of 500 (1 = lowest) |
US rank of Stearns Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Stearns Bank: assets, deposits and loans
- Total assets $3.3bn
- Deposits $2.4bn
- Net loans $2.7bn
Capital and securities
The CET1 ratio of Stearns Bank stood at 15.39% in , +2.00 pp year on year. Low and high at Stearns Bank since : 13.39% () to 31.24% (). Equity capital of Stearns Bank at : $534.6 mn, or 16.3% of total assets. Stearns Bank also reported a total capital ratio of 17.52% for , and a tier 1 leverage ratio of 15.42%.
The available-for-sale portfolio of Stearns Bank showed an unrealized loss of $6.1 mn at ; the loss widened by $3.0 mn over the year.
Stearns Bank: capital ratios
- Total capital 18%
- CET1 15%
- Tier 1 leverage 15%
Stearns Bank: unrealized securities gains and losses
- Available for sale -$6mn
- Held to maturity $0
Profitability and loan quality
For the year to , Stearns Bank earned a return on equity of 12.78%; return on assets: 2.09%. Net interest margin at Stearns Bank: 6.04%, -0.39 pp in a year. Stearns Bank net income: $34.6 mn, up 210.1% year on year. The efficiency ratio of Stearns Bank was 52.81%: about 53 cents cost per revenue dollar, against 64 cents at the median peer.
At , noncurrent loans were 2.65% of total loans at Stearns Bank; net charge-offs: 2.05% of average loans. Gross loans and leases at Stearns Bank: $2.8 bn, down 9.4% in a year.
Stearns Bank: profitability
- Return on equity 13%
- Net interest margin 6.0%
- Return on assets 2.1%
Peer group of Stearns Bank
The peer group of Stearns Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Stearns Bank (national bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Minnesota. Against them, Stearns Bank shows CET1 ratio 15.39% against a peer median of 13.13%, return on equity 12.78% against a peer median of 11.87% and uninsured deposit share 15.89% against a peer median of 42.08%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Oakstar Bank | State member bank | MO | $3.3 bn | not reported | 14.62% | 18.52% | |
| Lone Star National Bank | National bank | TX | $3.3 bn | 20.01% | 12.92% | 58.85% | |
| WestStar Bank | State member bank | TX | $3.3 bn | 13.13% | 19.53% | 61.03% | |
| Stearns Bank | National bank | MN | $3.3 bn | 15.39% | 12.78% | 15.89% | |
| Bristol County Savings Bank | State nonmember bank | MA | $3.3 bn | 17.84% | 4.27% | 35.78% | |
| Georgia Banking Company | State nonmember bank | GA | $3.3 bn | 11.83% | 10.81% | 44.10% | |
| First Western Trust Bank | State nonmember bank | CO | $3.2 bn | 11.37% | 8.59% | 40.05% | |
. FDIC Call Reports.
Last eight quarters
Two years at Stearns Bank, to : assets +0.0%, deposits -4.6%, equity +3.1%. Staff 492 to 455; offices 7 to 8.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $3.3 bn | $3.1 bn | $3.2 bn | $3.5 bn | $3.4 bn | $3.3 bn | $3.3 bn | $3.3 bn |
| Total deposits | $2.5 bn | $2.5 bn | $2.5 bn | $2.8 bn | $2.5 bn | $2.6 bn | $2.5 bn | $2.4 bn |
| Bank equity capital | $518.8 mn | $536.5 mn | $515.5 mn | $517.4 mn | $536.4 mn | $559.3 mn | $529.6 mn | $534.6 mn |
| CET1 ratio | 16.76% | 17.48% | 15.91% | 13.39% | 14.63% | 15.38% | 14.94% | 15.39% |
| Return on equity (ROE) | 7.59% | 9.23% | -2.44% | 4.26% | 10.04% | 11.48% | 12.81% | 12.78% |
| Uninsured share of domestic deposits | 17.83% | 20.76% | 15.45% | 16.98% | 17.76% | 21.02% | 17.76% | 15.89% |
| Full-time equivalent employees | 492 | 487 | 499 | 520 | 500 | 477 | 459 | 455 |
| Number of offices | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 8 |
FDIC Call Reports.
Mergers and acquisitions
No merger or acquisition by Stearns Bank appears in the FDIC history since , and its total assets never moved more than 25% in one quarter.
Questions and identifiers
What were the total assets of Stearns Bank?
Stearns Bank reported $3.3 bn at in its Call Report. That makes Stearns Bank the 388th largest of 497 banks in our US coverage.
Is Stearns Bank the same as its holding company?
No. This page covers Stearns Bank, FDIC certificate 10988; STEARNS FINL SERVICES EMPLOYEE STK OWNERSHIP PLAN (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Stearns Bank profitable?
Stearns Bank reported net income of $34.6 mn for the year to ; annualized return on equity: 12.78%. So yes: Stearns Bank made a profit over these months.
When is data for Stearns Bank next updated?
Figures from Stearns Bank for are due after .
Where can I check the figures for Stearns Bank?
In the FDIC BankFind Suite record for certificate 10988, and in the Call Reports of Stearns Bank (RSSD ID 141556) at the FFIEC Central Data Repository.