Sterling Federal Bank, F.S.B. in Sterling, Illinois (IL), IA
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Sterling Federal Bank, F.S.B. in Sterling, Illinois (IL), IA
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Sterling Federal Bank, F.S.B. - Overview

  • General
  • FDIC Certificate #: 27664
    Status: Active
    Federal Reserve ID: 867070
    Date Established: January 01, 1885
    WWW: http://www.sterlingfederal.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 10 (Domestic: 10, Interstate: Yes)
    OTS Docket #: 73
    FDIC's unique #: 40498
    Numeric code: 38
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: October 22, 1934
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 110 E 4th St, Sterling, IL 61081
    County: Whiteside
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Sterling, IL (#44580)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $474.7 mil
    Equity capital: $47.5 mil
    Deposits held in domestic offices: $409.3 mil
    Return on assets (ROA): -0.02% (-$0.1 mil)
    Quarterly return on assets: -0.06% (-$0.3 mil)
    Return on Equity (ROE): -0.23% (-$0.1 mil)
    Quarterly return on equity: -0.61% (-$0.3 mil)
    Net income: -$0.1 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.11% (-$522.2 mil)
    Quarterly Pretax return on assets: -0.17% (-$807.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 120Total employees (full-time equivalent)
  • $474,748Total assets
  • $17,039Cash and due from depository institutions
  • $12,886Interest-bearing balances
  • $224,291Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $181,563Net loans & leases
  • $1,275Loan loss allowance
  • $0Trading account assets
  • $9,089Bank premises and fixed assets
  • $3,006Other real estate owned
  • $3,983Goodwill and other intangibles
  • $474,748Life insurance assets
  • $35,777All other assets
  • $427,209Total liabilities and capital
  • $409,349Total liabilities
  • $375,556Total deposits
  • $409,349Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,000Trading liabilities
  • $0Other borrowed funds
  • $2,860Subordinated debt
  • $47,539All other liabilities
  • $47,539Total equity capital
  • $47,539Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $47,539Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,050Income earned, not collected on loans
  • $809Earning assets
  • $1,391Long-term assets (5+ years)
  • $418,740Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $482,840Volatile liabilities
  • $473,731Insider loans
  • $384,527FHLB advances
  • $475,929Loans and leases held for sale
  • $12,567Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $48,903Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,974Restructured Loans and leases
  • $73Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $20,261Total interest income
  • $6,878Total interest expense
  • $13,383Net interest income
  • $61Provision for loan and lease losses
  • $3,412Total noninterest income
  • $0Fiduciary activities
  • $1,293Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,119Additional noninterest income
  • $13,581Total noninterest expense
  • $7,629Salaries and employee benefits
  • $2,492Premises and equipment expense
  • $3,460Additional noninterest expense
  • $3,153Pre-tax net operating income
  • -$3,665Securities gains (losses)
  • -$403Applicable income taxes
  • -$109Income before extraordinary items
  • $0Extraordinary gains - net
  • -$109Net income attributable to bank
  • $0Net charge-offs
  • -$109Cash dividends
  • $96Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.75%Yield on earning assets
  • 1.61%Cost of funding earning assets
  • 3.14%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 3.18%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • -0.02%Return on assets (ROA)
  • -0.11%Pretax return on assets
  • -0.23%Return on equity (ROE)
  • -0.23%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 63.54%Credit loss provision to net charge-offs
  • 33.48%Efficiency ratio
  • 80,863Assets per employee
  • 3.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.70%Loss allowance to noncurrent loans
  • 31.48%Noncurrent assets plus other real estate owned to assets
  • 1.48%Noncurrent loans to loans
  • 2.22%Net loans and leases to deposits
  • 44.35%Net loans and leases to core deposits
  • 46.12%Equity capital to assets
  • 10.01%Core capital (leverage) ratio
  • 10.32%Tier 1 risk-based capital ratio
  • 12.72%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $482,840Average earning assets
  • $47,807Average equity
  • $426,733Average loans

List of branches

  • 8 Illinois Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    040498Sterling Federal Bank, F.S.b.110 E 4th St, Sterling, IL 61081January 01, 1885Full Service Brick and Mortar
    1262739410 Lincolnway East Branch410 Lincolnway East, Morrison, IL 61270January 01, 1885Limited Service Facility
    100262740821 First Ave Branch821 First Avenue, Rock Falls, IL 61071January 01, 1885Full Service Brick and Mortar
    10143672413 North Galena Avenue Branch413 North Galena Avenue, Dixon, IL 61021January 01, 1955Full Service Brick and Mortar
    102262741South Galena Branch402 South Galena, Dixon, IL 61021June 01, 1997Full Service Brick and Mortar
    103262742Lynn Boulevard Branch3200 Lynn Boulevard, Sterling, IL 61081October 14, 1997Limited Service Facility
    10841760Mt Morris Branch18 W Main St, Mount Morris, IL 61054January 01, 1926Full Service Brick and Mortar
    109271617221 North Union Branch221 N Union St, Byron, IL 61010January 01, 1926Full Service Brick and Mortar
  • 2 Iowa Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    1047246Clinton Main Branch122 Main Avenue, Clinton, IA 52732May 01, 1905Full Service Brick and Mortar
    106224389Downtown Branch247 Seventh Avenue South, Clinton, IA 52732January 20, 1981Full Service Brick and Mortar

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