Sterling Bank and Trust, FSB (merged into EverBank)
Sterling Bank and Trust, FSB reported total assets of $2.3 bn at Q1 2025, its last Call Report before it merged into EverBank. Sterling Bank and Trust, FSB uses the community bank leverage ratio framework, with a leverage ratio of 12.09%, and the uninsured share of Sterling Bank and Trust, FSB was 22.60%. Source: FDIC Call Reports.
What sets Sterling Bank and Trust, FSB apart
Nothing in the latest data sets Sterling Bank and Trust, FSB apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Sterling Bank and Trust, FSB?
The balance sheet of Sterling Bank and Trust, FSB at : assets $2.3 bn, deposits $2.0 bn, net loans $719.9 mn (loans equal to 36.31% of deposits). Securities make up 11.3% of total assets at Sterling Bank and Trust, FSB. Since , when Sterling Bank and Trust, FSB held $1.8 bn, its assets grew 30.1%. In the year to , deposits at Sterling Bank and Trust, FSB fell 1.8% while its total assets fell 4.8%. At , Sterling Bank and Trust, FSB employed 219 full-time equivalent staff across 27 offices, about $10.5 mn of assets per employee and $73.4 mn of deposits per office.
How much funding at Sterling Bank and Trust, FSB is uninsured?
At Sterling Bank and Trust, FSB, uninsured deposits (above the FDIC limit) made up 22.60% of domestic deposits at (+0.73 pp on a year earlier). In dollars, Sterling Bank and Trust, FSB estimated $448.1 mn of uninsured deposits.
Key facts, Q1 2025
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.0 bn | $2.0 bn (Q1 2024) | |
| Net loans and leases | $719.9 mn | $1.3 bn (Q1 2024) | |
| Loan-to-deposit ratio | 36.31% | 63.11% (Q1 2024) | |
| Net interest margin | 2.85% | 2.57% (Q1 2024) | |
| Return on assets (ROA) | -6.29% | 0.15% (Q1 2024) | |
| Efficiency ratio | 0.00% | 91.67% (Q1 2024) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $15.8 mn | Narrowed by $6.3 mn | |
| Noncurrent loans to total loans | 1.35% | 0.72% (Q1 2024) | |
| Net charge-offs to average loans | 0.00% | 0.00% (Q1 2024) |
US rank of Sterling Bank and Trust, FSB: 1 = highest unless marked 1 = lowest.
Balance sheet
Sterling Bank and Trust, FSB: assets, deposits and loans
- Total assets $2.3bn
- Deposits $2.0bn
- Net loans $720mn
Capital and securities
Sterling Bank and Trust, FSB uses the community bank leverage ratio framework, so it reports no risk-based ratios; its leverage ratio was 12.09% in . Equity capital of Sterling Bank and Trust, FSB at : $292.4 mn, or 12.7% of total assets.
The available-for-sale portfolio of Sterling Bank and Trust, FSB showed an unrealized loss of $15.8 mn at ; the loss narrowed by $6.3 mn over the year.
Sterling Bank and Trust, FSB: capital ratios
- Total capital 28%
- CET1 27%
- Tier 1 leverage 12%
Sterling Bank and Trust, FSB: unrealized securities gains and losses
- Available for sale -$16mn
- Held to maturity $0
Profitability and loan quality
For the year to , Sterling Bank and Trust, FSB earned a return on equity of -48.27%; return on assets: -6.29%. Net interest margin at Sterling Bank and Trust, FSB: 2.85%, +0.28 pp in a year. Sterling Bank and Trust, FSB net income: -$37.2 mn, down 4,318.0% year on year.
At , noncurrent loans were 1.35% of total loans at Sterling Bank and Trust, FSB; net charge-offs: 0.00% of average loans. Gross loans and leases at Sterling Bank and Trust, FSB: $740.9 mn at , against $1.3 bn at .
Sterling Bank and Trust, FSB: profitability
- Return on equity -48%
- Net interest margin 2.9%
- Return on assets -6.3%
Peer group of Sterling Bank and Trust, FSB
The peer group of Sterling Bank and Trust, FSB is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of Sterling Bank and Trust, FSB (federal savings bank) and 0 have head offices in Michigan. Against them, Sterling Bank and Trust, FSB shows return on equity -48.27% against a peer median of 9.98% and uninsured deposit share 22.60% against a peer median of 34.81%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| First Savings Bank | State member bank | IN | $2.4 bn | 11.29% | 12.04% | 31.40% | |
| American National Bank & Trust | National bank | TX | $2.4 bn | 12.62% | 8.69% | 43.37% | |
| Avidbank | State nonmember bank | CA | $2.3 bn | 11.78% | 11.28% | 34.73% | |
| Sterling Bank and Trust, FSB | Federal savings bank | MI | $2.3 bn | not reported | -48.27% | 22.60% | |
| South Shore Bank | State member bank | MA | $2.3 bn | 14.25% | 4.20% | 40.90% | |
| Community National Bank & Trust | National bank | KS | $2.3 bn | 12.16% | 5.98% | 14.92% | |
| Vallant Bank | State nonmember bank | GA | $2.3 bn | 11.75% | 13.09% | 34.89% | |
. FDIC Call Reports.
Last eight quarters
Two years at Sterling Bank and Trust, FSB, to : assets $2.5 bn to $2.3 bn, deposits $2.2 bn to $2.0 bn, equity $304.3 mn to $292.4 mn. Staff 256 to 219; offices 28 to 27.
| Metric | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.5 bn | $2.4 bn | $2.4 bn | $2.4 bn | $2.4 bn | $2.4 bn | $2.4 bn | $2.3 bn |
| Total deposits | $2.2 bn | $2.1 bn | $2.0 bn | $2.0 bn | $2.0 bn | $2.1 bn | $2.1 bn | $2.0 bn |
| Bank equity capital | $304.3 mn | $303.7 mn | $313.7 mn | $314.6 mn | $317.8 mn | $322.0 mn | $323.5 mn | $292.4 mn |
| Return on equity (ROE) | 3.17% | 2.70% | 3.08% | 1.12% | 2.18% | 1.93% | 2.46% | -48.27% |
| Uninsured share of domestic deposits | 24.11% | 21.28% | 21.47% | 21.87% | 21.87% | 22.21% | 22.63% | 22.60% |
| Full-time equivalent employees | 256 | 253 | 249 | 233 | 232 | 226 | 220 | 219 |
| Number of offices | 28 | 28 | 28 | 27 | 27 | 27 | 27 | 27 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Sterling Bank and Trust, FSB, oldest first; figures before and after each event are not like for like.
- . Merged into EverBank, National Association (FDIC certificate 34775).
Questions and identifiers
What were the total assets of Sterling Bank and Trust, FSB?
Sterling Bank and Trust, FSB reported $2.3 bn at in its Call Report.
Is Sterling Bank and Trust, FSB the same as its holding company?
No. This page covers Sterling Bank and Trust, FSB, FDIC certificate 32232; K I S S DYNASTY TRUST NO 9 (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Sterling Bank and Trust, FSB profitable?
Sterling Bank and Trust, FSB reported net income of -$37.2 mn for the year to ; annualized return on equity: -48.27%. So no: Sterling Bank and Trust, FSB made a loss over these months.
When is data for Sterling Bank and Trust, FSB next updated?
Sterling Bank and Trust, FSB no longer files Call Reports; its data ends at .
Where can I check the figures for Sterling Bank and Trust, FSB?
In the FDIC BankFind Suite record for certificate 32232, and in the Call Reports of Sterling Bank and Trust, FSB (RSSD ID 979375) at the FFIEC Central Data Repository.