Stearns Bank National Association in Saint Cloud, Minnesota (MN), FL, GA, AZ
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Stearns Bank National Association in Saint Cloud, Minnesota (MN), FL, GA, AZ
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Stearns Bank National Association - Overview

  • General
  • FDIC Certificate #: 10988
    Status: Active
    Federal Reserve ID: 141556
    Bank Holding Company (Regulatory Top Holder): Stearns Financial Services, Inc. Employee Stock Ownership Plan (RSSDID: 2295837, Location: Saint Cloud, MN)
    Date Established: May 28, 1912
    WWW: http://www.stearnsbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 13 (Domestic: 11, Interstate: Yes)
    OTS Docket #: 10016
    FDIC's unique #: 7040
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 23, 2012
    Last Structure Change Process Date: March 26, 2012
    Last Data Update: March 26, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 4191 Second Street South, Saint Cloud, MN 56303
    County: Stearns
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): St. Cloud, MN (#6980)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): St. Cloud, MN (#41060)
    CBSA Metro Statistical Area: St. Cloud, MN (#41060)
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,174.7 mil
    Equity capital: $233.0 mil
    Deposits held in domestic offices: $854.9 mil
    Return on assets (ROA): 2.74% ($32.2 mil)
    Quarterly return on assets: 3.10% ($36.4 mil)
    Return on Equity (ROE): 13.89% ($32.4 mil)
    Quarterly return on equity: 15.52% ($36.2 mil)
    Net income: $32.9 mil
    Quarterly Net income: $9.2 mil
    Pretax return on assets: 2.76% ($32,422.7 mil)
    Quarterly Pretax return on assets: 3.13% ($36,769.2 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
  • 222Total employees (full-time equivalent)
  • $1,174,734Total assets
  • $63,687Cash and due from depository institutions
  • $49,262Interest-bearing balances
  • $68,583Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $869,572Net loans & leases
  • $35,920Loan loss allowance
  • $0Trading account assets
  • $14,103Bank premises and fixed assets
  • $63,257Other real estate owned
  • $2,415Goodwill and other intangibles
  • $1,174,734Life insurance assets
  • $93,117All other assets
  • $941,716Total liabilities and capital
  • $854,872Total liabilities
  • $703,475Total deposits
  • $854,872Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 78443.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $8,401Subordinated debt
  • $233,018All other liabilities
  • $233,018Total equity capital
  • $233,018Total bank equity capital
  • $0Perpetual preferred stock
  • $999Common stock
  • $5,084Surplus
  • $226,935Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,235Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $20,744Income earned, not collected on loans
  • $1,215Earning assets
  • $2,250Long-term assets (5+ years)
  • $987,417Average Assets, year-to-date
  • $136,802Average Assets, quarterly
  • $1,202,723Volatile liabilities
  • $1,184,811Insider loans
  • $789,327FHLB advances
  • $1,167,729Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $225,289Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $157,940Restructured Loans and leases
  • $3,662Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $81,323Total interest income
  • $8,126Total interest expense
  • $73,197Net interest income
  • $18,273Provision for loan and lease losses
  • $15,087Total noninterest income
  • $0Fiduciary activities
  • $720Service charges on deposit accounts
  • $0Trading account gains & fees
  • $14,367Additional noninterest income
  • $36,804Total noninterest expense
  • $15,146Salaries and employee benefits
  • $3,442Premises and equipment expense
  • $18,216Additional noninterest expense
  • $33,207Pre-tax net operating income
  • -$2Securities gains (losses)
  • $310Applicable income taxes
  • $32,895Income before extraordinary items
  • $0Extraordinary gains - net
  • $32,895Net income attributable to bank
  • $0Net charge-offs
  • $32,895Cash dividends
  • $9,895Sale, conversion, retirement of capital stock, net
  • $36,150Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.21%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 7.39%Net interest margin
  • 1.52%Noninterest income to earning assets
  • 3.72%Noninterest expense to earning assets
  • 2.74%Net operating income to assets
  • 2.74%Return on assets (ROA)
  • 2.76%Pretax return on assets
  • 13.89%Return on equity (ROE)
  • -1.37%Retained earnings to average equity (YTD only)
  • 1.10%Net charge-offs to loans
  • 184.67%Credit loss provision to net charge-offs
  • 5.20%Efficiency ratio
  • 41,688Assets per employee
  • 5.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 109.90%Loss allowance to loans
  • 3.97%Loss allowance to noncurrent loans
  • 173.16%Noncurrent assets plus other real estate owned to assets
  • 7.15%Noncurrent loans to loans
  • 2.29%Net loans and leases to deposits
  • 101.72%Net loans and leases to core deposits
  • 143.16%Equity capital to assets
  • 19.84%Core capital (leverage) ratio
  • 19.29%Tier 1 risk-based capital ratio
  • 28.54%Total risk-based capital ratio
  • Memoranda
  • $30Average assets
  • $1,202,723Average earning assets
  • $236,905Average equity
  • $990,152Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $6,698Managed Assets
  • 1Number of Accounts
  • $6,698Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $6,698Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 Arizona Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    657194Stearns Bank Arizona National Associ9225 East Shea Boulevard, Scottsdale, AZ 85260July 21, 1997Full Service Brick and Mortar
    2780244Copper Star Bank Branch7555 East Redfield Road, Scottsdale, AZ 85260May 22, 2000Full Service Brick and Mortar
  • 4 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1239024Venice Branch201 Center Road, Venice, FL 34285Febuary 16, 1988Full Service Brick and Mortar
    1639684Sarasota (Links) Branch22 South Links Avenue, Sarasota, FL 34236October 27, 1988Full Service Brick and Mortar
    21261329St Petersburg (Gateway) Branch7555 Dr. Martin Luther King, Jr. Street North, Saint Petersburg, FL 33702May 04, 1998Full Service Brick and Mortar
    22456172Messenger Service22 South Links Avenue, Sarasota, FL 34236November 08, 2006Limited Service Messenger
  • 3 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    2661193Atlanta Branch2410 Paces Ferry Road, Suite 190, Atlanta, GA 30339August 17, 1998Full Service Brick and Mortar
    30438771Covenant Bank & Trust Branch122 Highway 95, Rock Spring, GA 30739June 12, 2006Full Service Brick and Mortar
    31468184Dalton Branch220 South Hamilton Street, Dalton, GA 30720September 04, 2007Full Service Brick and Mortar
  • 4 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07040Stearns Bank National Association4191 Second Street South, Saint Cloud, MN 56303May 28, 1912Full Service Brick and Mortar
    4223539Albany Branch140 5th Street, Albany, MN 56307October 15, 1997Full Service Brick and Mortar
    106232Pine City Branch600 Hillside Avenue Sw, Pine City, MN 55063June 01, 1915Full Service Brick and Mortar
    11454912North Branch Office38877 10th Avenue, North Branch, MN 55056September 05, 2006Full Service Brick and Mortar

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