Stearns Bank National Association is an FDIC insured institution headquartered at
4191 2nd St S, Saint Cloud, MN 56301.
It was founded in
1912 and has approximately $3 billion in assets. Customers can open an account at one of its 7 branches.
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Rate data provided by RateUpdate.com. Displayed by Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details .
Public Note:
Minnesota-based Stearns Bank National Association is a $2.2 billion, independently-owned financial institution with locations in Minnesota, Florida and Arizona, and over 35,000 small business customers nationwide, in every state across the U.S. Driven by a passion to help others achieve their greatest ambitions, Stearns Bank’s mission is to Get the Job Done!
July 7, 2023
Overview 2026
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 10988
Date Established
1912
Assets
$ 3.35 billion
Loans
$ 2.83 billion
Deposits
$ 2.52 billion
Capital
$ 563.83 million
Financial Note
Recognized as having a bullet-proof balance sheet with 25% capital and earning top rankings as one of the nation’s highest-performing banks by American Banker, and most recently ranked fourth in the U.S. among banks having more than $1 billion in assets by Independent Banker’s 2023 Best of the Best ranking of banks with the highest 3-year average Return on Assets, Stearns Bank specializes in nationwide commercial construction lending, USDA and SBA lending, and small business and equipment financing.
Summary Balance Sheet as of September 30, 2025
ASSETS
Cash & Balances due from depository institutions
$ 231.36 million
Interest-bearing balances
$ 207.02 million
Total securities
$ 105.43 million
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 2.83 billion
Loan loss allowance
$ 97.81 million
Trading account assets
N.A.
Bank premises and fixed assets
N.A.
Other real estate owned
$ 37.27 million
Goodwill and other intangibles
$ 69.89 million
All other assets
$ 35.42 million
Total Assets
$ 2.79 billion
LIABILITIES
Total deposits
$ 2.52 billion
Interest-bearing deposits
$ 2.32 billion
Deposits held in domestic offices
$ 2.52 billion
% insured (estimated)"
82.40%
Federal funds purchased and repurchase agreements
$ 2.31 million
Trading liabilities
N.A.
Other borrowed funds
N.A.
Subordinated debt
N.A.
All other liabilities
$ 32.08 millionn
Total Liabilities
$ 2.79 billion
Shareholders’ Equity
$ 563.83 million
Summary Income Statement as of September 30, 2025
INCOME AND EXPENSES
Total Interest Income
$ 221.30 million
Total Interest Expense
$ 69.62 million
Net interest income
$ 151.68 million
Provision for loan and lease losses
$ 18.19 million
Total non interest income
$ 13.25 million
Total non interest expense
$ 87.21 million
Pre-tax Net Operating Income
$ 38.64 million
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