Stearns Bank N.A.
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Data as of · sourced from FFIEC call reports. How we update
Stearns Bank N.A. is an FDIC-insured commercial bank headquartered in Saint Cloud, MN, established in 1912 (FDIC certificate 10988), and it is supervised by the OCC. At Q2 2026 it reported total assets of $3.27B, down 7.7% from Q2 2025, the 4th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 15.39% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 10988
- Headquarters
- Saint Cloud, MN
- Established
- 1912
- Total assets, Q2 2026
- $3.27B
- Assets vs Q2 2025
- -7.7%
- CET1 ratio, Q2 2026
- 15.39%
- Domestic offices
- 8 FDIC institution directory, current count
- Routing number
- 091910455
- Latest call report
- Q2 2026, FFIEC 031 · Stearns Bank N.A. call report
- Holding company
- STEARNS FINANCIAL SERVICES, INC.
- Asset rank in state
- 4th of 221 in Minnesota
Problem loans are rising at Stearns Bank N.A.. Based in Saint Cloud, Minnesota, it had $3.3 billion in assets at June 30, 2026, down 7.7% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.23% of loans from 1.84% a year earlier. It keeps 5.99 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 of the 880 banks with $1 billion to $10 billion in assets (median 3.71 cents). On the other hand, it pays an average of 3.14% on its deposits and borrowings, higher than about 9 in 10 banks its size (median 2.01%).
Net income for the quarter rose 19% from a year earlier, to $17 million. Over the same year, loans shrank 9.4% and deposits shrank 15.6%. Credit is the area to watch: it carries problem assets equal to 18.4% of the capital and reserves that would absorb them, 5.1 times the median of 3.6% for banks its size.
As of June 30, 2026, Stearns Bank N.A. reported a CET1 capital ratio of 15.39%, a return on assets of 2.11%, a nonperforming-loan ratio of 2.65% and a Texas ratio of 18.36%. The figures come from its call report filed with the FFIEC.
Stearns Bank N.A. ranks as the 4th largest of the 221 banks based in Minnesota, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 0.7% to $3.27B, loans fell 0.9% and deposits fell 5.3%. The largest part of its loan book on June 30, 2026 was commercial and industrial loans, at 50.5% of total loans, ahead of construction and land development loans at 14.7%. The FDIC Summary of Deposits lists 8 offices for it, in 8 cities across 3 states; its Saint Cloud office books 76% of its branch deposits. Judged on its Q2 2026 call report, Stearns Bank N.A. meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 4191 2nd St S, Saint Cloud, MN 56301
- County
- Stearns
- Metro Area
- St. Cloud, MN
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 031
- Established
- May 28, 1912
- Former names
- Stearns County National Bank (1996-1997); Stearns County National Bank of Albany (1966-1996)
- Domestic offices
- 8 FDIC institution directory, current count
- Employees (FTE)
- 455
- Domestic deposits
- $2.39B
- Allowance for credit losses
- $82.6M
- Net charge-offs (YTD)
- $29.3M
- Average total assets
- $3.25B
- Average total loans
- $2.82B
- Average interest-bearing deposits
- $2.31B
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10988
- Fed RSSD
- 141556
- Website
- www.stearnsbank.com →
- Parent Holding Company
- STEARNS FINANCIAL SERVICES, INC. (RSSD 1427275)
- Ultimate Parent
- RSSD 2295837
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Stearns Bank N.A.'s total assets moved between a low of $2.82B (Q3 2023) and a high of $3.55B (Q2 2025) from Q3 2023 to Q2 2026, and it earned a profit in 10 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$3.27B total assets against $3.55B; $2.71B total liabilities against $3.00B.
$2.74B net loans and leases against $3.01B; $2.39B total deposits against $2.83B.
$115.2M securities against $98.3M; $226.4M cash and balances due against $270.2M.
$67.9M total interest income against $77.5M; $20.8M total interest expense against $24.3M.
$47.1M net interest income against $53.2M.
$2.9M total noninterest income against $2.6M; $26.9M total noninterest expense against $30.6M.
$7.7M provision for credit losses against $11.8M.
$17.2M net income against $14.4M.
2.11% return on assets against 1.67%; 5.99% net interest margin against 6.33%.
15.39% CET1 capital ratio against 13.39%; 15.42% tier 1 leverage ratio against 14.12%.
Inside the full Stearns Bank N.A. terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this 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.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Stearns Bank N.A. rankings
Its closest position to the top of a national ranking is 208 of 3,640, for Texas Ratio; its furthest is 879 of 980, for uninsured deposits.
Metric pages for Stearns Bank N.A.: Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.41% (Q1 2025) to 3.33% (Q3 2025) and its net interest margin ran from 5.84% (Q1 2026) to 6.62% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.39% | 2.11% | 2.65% | 18.36% | 5.99% |
| Q1 2026 | 14.94% | 2.12% | 2.47% | 18.07% | 5.84% |
| Q4 2025 | 15.38% | 2.57% | 1.92% | 14.70% | 6.62% |
| Q3 2025 | 14.63% | 3.33% | 2.12% | 15.79% | 6.10% |
| Q2 2025 | 13.39% | 1.67% | 2.18% | 14.72% | 6.33% |
| Q1 2025 | 15.91% | -0.41% | 2.54% | 14.84% | 6.22% |
| Q4 2024 | 17.48% | 2.47% | 2.20% | 12.11% | 6.38% |
| Q3 2024 | 16.76% | 1.34% | 2.01% | 10.27% | 6.38% |
Swipe the table sideways to see every column.
Branch Network
View all 8 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Stearns Bank N.A. (main office) | Saint Cloud , MN | 56301 | $1.82B |
| Venice Branch | Venice , FL | 34285 | $126.1M |
| Albany Branch | Albany , MN | 56307 | $99.5M |
| Arizona Branch | Scottsdale , AZ | 85260 | $97.5M |
| Sarasota (Links) Branch | Sarasota , FL | 34236 | $93.7M |
| Pine City Branch | Pine City , MN | 55063 | $65.3M |
| Holdingford Branch | Holdingford , MN | 56340 | $55.6M |
| St Petersburg (Gateway) Branch | Saint Petersburg , FL | 33702 | $27.4M |
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 |
|---|---|---|---|
| October 20, 2012 | Structure Change | Acquired First East Side Savings Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| October 19, 2012 | Merger | Participated in FDIC Assisted Merger | FDIC |
| July 28, 2012 | Structure Change | Acquired Jasper Banking Company Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| July 27, 2012 | Merger | Participated in FDIC Assisted Merger | FDIC |
| March 24, 2012 | Structure Change | Acquired Covenant Bank & Trust Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| March 23, 2012 | Merger | Participated in FDIC Assisted Merger | FDIC |
| November 13, 2010 | Structure Change | Acquired Copper Star Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| November 12, 2010 | Merger | Participated in FDIC Assisted Merger | FDIC |
| August 22, 2009 | Structure Change | Acquired Ebank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| August 21, 2009 | Merger | Participated in FDIC Assisted Merger | FDIC |
| August 8, 2009 | Structure Change | Acquired Community National Bank of Sarasota County Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| August 7, 2009 | Merger | Participated in FDIC Assisted Merger | FDIC |
| June 27, 2009 | Structure Change | Acquired Horizon Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| June 26, 2009 | Merger | Participated in FDIC Assisted Merger | FDIC |
| October 25, 2008 | Structure Change | Acquired Alpha Bank & Trust Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| October 24, 2008 | Merger | Participated in FDIC Assisted Merger | FDIC |
| December 29, 2007 | Structure Change | Acquired Stearns Bank Arizona National Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 28, 2007 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 1, 1990 | Structure Change | Acquired Boundary Waters State Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| November 30, 1990 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 1966 | Structure Change | Acquired First State Bank of Albany 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 21 events, scroll the table for the full history.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 2 against the institution (OCC); 3 against individuals associated with it
- April 18, 2016, OCC: Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Stearns Bank National Association
- April 18, 2016, OCC: Civil Money Penalty (CMP): Stearns Bank National Association
- Period: Most recent institution action April 18, 2016. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.6% of deposits in MN, rank 16 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 157 loans, $74.2M approved, $473K average. 0.64% 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).
- Not on file
- Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Stearns Bank N.A.
What are Stearns Bank N.A.'s total assets?
As of the Q2 2026 filing, Stearns Bank N.A. reported total assets of $3.27 billion in its FFIEC call report.
Where is Stearns Bank N.A. headquartered?
It is headquartered in Saint Cloud, MN, United States.
When was Stearns Bank N.A. founded?
It was established in 1912, per the FDIC institution directory.
Is Stearns Bank N.A. FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10988). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Stearns Bank N.A.?
Stearns Bank N.A.'s primary federal regulator is the OCC.
What is Stearns Bank N.A.'s CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 15.39% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Stearns Bank N.A. operate?
It operates 8 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Stearns Bank N.A.'s Texas Ratio?
Its Texas Ratio is 18.36% in its Q2 2026 call report, within the healthy range (at or below 50%, the 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.
What was Stearns Bank N.A. previously called?
The charter now named Stearns Bank N.A. has also operated as Stearns County National Bank (1996-1997), Stearns County National Bank of Albany (1966-1996), per FDIC structure-change records.
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