Stearns Bank National Association
Saint Cloud, Minnesota, Stearns County
$3.3B in total assets, the 405th largest of 4,309 US banks and 4th of 225 headquartered in Minnesota.
- FDIC certificate
- 10988
- Established
- 1912
- Owned by
- Stearns Finl Services Employee Stk Ownership Plan
- Primary regulator
- OCC
- Website
- www.stearnsbank.com
At a glance
Compared with 16 banks headquartered in Minnesota with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $3.3B | 88% | $1.5B | |
| Loans | $2.8B | 94% | $929M | |
| Deposits | $2.4B | 75% | $1.2B | |
| Return on assets | 2.52% | 98% | 1.24% | |
| Net interest margin | 6.04% | 98% | 3.65% | |
| Efficiency ratio | 52.8% | 38% | 55.4% | |
| Equity to assets | 16.33% | 98% | 9.86% | |
| Loans to deposits | 118% | 94% | 83% |
Growth
Total assets grew 8.6% a year over the last 5 years and 5.8% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Oct 2012 | First East Side Savings Bank Tamarac, FL | $66M |
| Jul 2012 | Jasper Banking Company Jasper, GA | $207M |
| Mar 2012 | Covenant Bank & Trust Rock Spring, GA | $96M |
| Nov 2010 | Copper Star Bank Scottsdale, AZ | $204M |
| Aug 2009 | Ebank Atlanta, GA | $145M |
| Aug 2009 | Community National Bank of Sarasota County Venice, FL | $93M |
| Aug 2009 | First State Bank Sarasota, FL | $448M |
| Jun 2009 | Horizon Bank Pine City, MN | $85M |
| Oct 2008 | Alpha Bank & Trust Alpharetta, GA | $354M |
| Dec 2007 | Stearns Bank Arizona National Association Scottsdale, AZ, an affiliate under the same holding company | $186M |
| Nov 1990 | Boundary Waters State Bank Ely, MN | $13M |
Where they operate
8 branches in 5 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Stearns County, MN | $2.0B | 27.7% | 1 of 29 |
| Sarasota County, FL | $220M | 1.2% | 19 of 36 |
| Maricopa County, AZ | $97M | 0.1% | 43 of 55 |
| Pine County, MN | $65M | 13.3% | 3 of 6 |
| Pinellas County, FL | $27M | 0.0% | 30 of 33 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 3 branches since 2016 (11 to 8, −27.3%). 1 opened, 0 acquired, 4 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 11 | |||
| 2017 | Sold 2 branches to Entegra BankClosed Jasper | 0 | 3 | −3 | 8 |
| 2022 | Closed North Branch | 0 | 1 | −1 | 7 |
| 2026 through Q2 | Opened Holdingford | 1 | 0 | +1 | 8 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Business (C&I) | 50% | 14% | |
| Commercial real estate | 21% | 32% | |
| Construction and land | 15% | 7% | |
| Multifamily | 5% | 10% | |
| 1-4 family residential | 4% | 24% | |
| Farmland | 1% | 3% | |
| Agricultural | 0% | 3% | |
| Consumer | 0% | 2% | |
| Other | 4% | 5% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Time deposits | 61% | 24% | |
| Other interest-bearing | 33% | 54% | |
| Noninterest-bearing | 6% | 22% |
Brokered deposits are 46.0% of deposits (peers 6.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 2.23% | 0.52% |
| Net charge-offs, annualized | 2.05% | 0.04% |
| Reserves to loans | 2.93% | 1.20% |
| Leverage ratio | 15.42% | 10.13% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Minnesota
Largest competitors in Stearns County, MN
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/stearns