Sterling Federal Bank, Federal Savings Bank: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Problem loans are rising at Sterling Federal Bank, Federal Savings Bank. The Sterling, Illinois bank had $482 million in assets at June 30, 2026, down 7.6% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 5.79% of loans from 5.49% a year earlier. It loses about $4.26 a year on every $100 of assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median $1.28). It also spends about 85 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).
It lost $5.3 million in the quarter. Its securities portfolio is underwater by $14 million, an amount equal to 37% of Tier 1 capital. Where it has less room is capital: it holds common equity equal to 10.61% of its risk-weighted assets, lower than about 9 in 10 banks its size (median 15.12%).
As of June 30, 2026, Sterling Federal Bank, Federal Savings Bank reported a CET1 capital ratio of 10.61%, a return on assets of -4.26%, a nonperforming-loan ratio of 8.21% and a Texas ratio of 49.06%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 110 E 4th St, Sterling, IL 61081
- County
- Whiteside
- Metro Area
- Sterling, IL
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- —
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1885
- Former names
- Sterling Federal Bank, F.S.B. (2001)
- Offices
- 9 domestic
- Employees (FTE)
- 97
- Domestic deposits
- $403.4M
- Allowance for credit losses
- $10.1M
- Net charge-offs (YTD)
- $7.1M
- Average total assets
- $502.3M
- Average total loans
- $347.8M
- Average interest-bearing deposits
- $336.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 27664
- Fed RSSD
- 867070
- Website
- www.sterlingfederal.com →
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Sterling Federal Bank, Federal Savings Bank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Sterling Federal Bank, Federal Savings Bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Sterling Federal Bank, Federal Savings Bank rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.61% | -4.26% | 8.21% | 49.06% | 3.59% |
| Q1 2026 | 11.84% | -0.18% | 6.00% | 40.74% | 3.46% |
| Q4 2025 | 11.80% | 0.32% | 5.86% | 41.53% | 3.76% |
| Q3 2025 | 11.48% | 0.07% | 6.27% | 47.20% | 3.43% |
| Q2 2025 | 11.39% | 0.26% | 6.18% | 50.19% | 3.18% |
| Q1 2025 | 10.95% | 0.09% | 5.26% | 45.18% | 3.33% |
| Q4 2024 | 10.89% | -0.42% | 5.47% | 44.91% | 3.21% |
| Q3 2024 | 11.05% | 0.03% | 2.67% | 18.92% | 3.33% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 9 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Sterling Federal Bank, F.S.B. | Sterling , IL | 61081 | $174.1M |
| 413 North Galena Avenue Branch | Dixon , IL | 61021 | $89.9M |
| South Galena Branch | Dixon , IL | 61021 | $36.7M |
| Downtown Branch | Clinton , IA | 52732 | $34.7M |
| 821 First Ave Branch | Rock Falls , IL | 61071 | $26.0M |
| Mt Morris Branch | Mount Morris , IL | 61054 | $16.3M |
| 410 Lincolnway East Branch | Morrison , IL | 61270 | $13.7M |
| 221 North Union Branch | Byron , IL | 61010 | $10.8M |
| Lynn Boulevard Limited Service Branch | Sterling , IL | 61081 | $1.2M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| December 1, 2007 | Structure Change | Acquired Mt. Morris Savings and Loan Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 30, 2007 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 16, 2001 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 16, 2001 | Structure Change | Acquired Marquette Bank Clinton Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
What the public regulatory sources show for Sterling Federal Bank, Federal Savings Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- 3 against the institution (OCC, OCC (former OTS))
- May 22, 2025, OCC: Formal Agreement: Sterling Federal Bank, F.S.B.
- June 21, 2010, OCC: Formal Agreement: Sterling Federal Bank, F.S.B.
- June 21, 2010, OCC (former OTS): Supervisory Agreement: Sterling Federal Bank, F.S.B.
- Period: Most recent institution action May 22, 2025. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in IL, rank 136 of 383 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- Not on file: no HMDA filing matched
- Period: not on file. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 4 loans, $688K approved, $172K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Sterling Federal Bank, Federal Savings Bank
What are Sterling Federal Bank, Federal Savings Bank's total assets?
As of the Q2 2026 filing, Sterling Federal Bank, Federal Savings Bank reported total assets of $481.6 million in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Sterling Federal Bank, Federal Savings Bank headquartered?
Sterling Federal Bank, Federal Savings Bank is headquartered in Sterling, IL, United States. It files quarterly FFIEC call reports, as every FDIC-insured savings institution must.
When was Sterling Federal Bank, Federal Savings Bank founded?
Sterling Federal Bank, Federal Savings Bank was established in 1885, per the FDIC institution directory.
Is Sterling Federal Bank, Federal Savings Bank FDIC-insured?
Yes. Sterling Federal Bank, Federal Savings Bank is an FDIC-insured savings institution (FDIC Certificate #27664). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Sterling Federal Bank, Federal Savings Bank?
Sterling Federal Bank, Federal Savings Bank's primary federal regulator is the OCC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Sterling Federal Bank, Federal Savings Bank's CET1 capital ratio?
Sterling Federal Bank, Federal Savings Bank reported a Common Equity Tier 1 (CET1) capital ratio of 10.61% in its Q2 2026 call report, above regulatory requirements.
How many branches does Sterling Federal Bank, Federal Savings Bank operate?
Sterling Federal Bank, Federal Savings Bank operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Sterling Federal Bank, Federal Savings Bank's Texas Ratio?
Sterling Federal Bank, Federal Savings Bank's Texas Ratio is 49.06% in its Q2 2026 call report, between 25% and 50%, below the 50% level at which problem assets reach half of the capital cushion. The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was Sterling Federal Bank, Federal Savings Bank previously called?
The charter now named Sterling Federal Bank, Federal Savings Bank has also operated as Sterling Federal Bank, F.S.B. (2001), per FDIC structure-change records.
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