Sterling Bank And Trust Fsb Mortgage Rates, Fees & Info
Southfield, MILEI: 549300ZEHLZ064G58146
Tax ID: 38-2524834
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
Sterling Bank And Trust Fsb is a smaller bank specializing in Home Purchase and Refi loans. Sterling Bank And Trust Fsb has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Los Angeles, New York, San Jose, and Riverside among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Sterling Bank And Trust Fsb has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Sterling Bank And Trust Fsb is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.14% | 12/16/24 |
| 30 Year Conventional Refi | 7.28% | 12/16/24 |
| 30 Year Cash-out Refi | 7.02% | 12/16/24 |
| 30 Year FHA Purchase | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 6.44% | 12/16/24 |
| 15 Year Conventional Refi | 5.86% | 12/16/24 |
| 15 Year Cash-out Refi | 5.86% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Sterling Bank And Trust Fsb Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Sterling Bank And Trust Fsb. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
268Origination Dollar Volume (All Markets)
$189,810,000Employee count
303Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 185 | $127,215,000 | $687,649 | $6,510 | 3.37% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 63 | $29,465,000 | $467,698 | $7,349 | 3.49% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $29,090,000 | $7,272,500 | $6,035 | 3.04% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 4 | $1,730,000 | $432,500 | $4,541 | 3.13% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $2,773 | 3.31% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $1,499 | 2.47% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,669 | 3.50% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 3.63% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,329 | 3.00% |
| Outside of Metro Areas | 1 | $65,000 | $65,000 | $857 | 2.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against Sterling Bank and Trust FSB based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 102
Similarity Rank: 352
Similarity Rank: 354
Similarity Rank: 404
Similarity Rank: 624
Similarity Rank: 652
Similarity Rank: 748
Similarity Rank: 825
Similarity Rank: 882
Similarity Rank: 924
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 268 | $189,810,000 | $708,246 | $6,540 | 3.37% |
For 2021, Sterling Bank And Trust Fsb's most frequently originated type of loan was Conventional, with 268 originations.
Loan Reason
For 2021, Sterling Bank And Trust Fsb's most frequently cited loan purpose was Home Purchase, with 157 originations. The 2nd most popular reason was Refi, with 88 originations.
Loan Duration/Length
For 2021, Sterling Bank And Trust Fsb's most frequently cited loan duration was 30 Year, with 238 originations. The 2nd most popular length was 15 Year, with 16 originations.
Origination Fees/Closing Costs
Sterling Bank And Trust Fsb's average total fees were $6,868, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 147 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 222 | $142,300,000 | $640,991 |
| 2.5-3% | 32 | $15,200,000 | $475,000 |
| <2.5% | 10 | $2,400,000 | $240,000 |
| 4-5% | 2 | $1,100,000 | $550,000 |
During 2021, Sterling Bank And Trust Fsb's average interest rate for loans was 3.44%, while their most frequently originated rate bucket for loans was 3-4%, with 222 originations.
Loan Sizing
2021 saw Sterling Bank And Trust Fsb place emphasis on $600k-1MM loans with 90 originations, totaling $66,580,000 in origination value.
Applicant Income
Sterling Bank And Trust Fsb lent most frequently to those with incomes in the $150k-250k range, with 106 originations. The second most popular income band? $250k+, with 66 originations.
Applicant Debt to Income Ratio
Sterling Bank And Trust Fsb lent most frequently to those with DTI ratios of 30-36%, with 87 originations. The next most common DTI ratio? 20-30%, with 74 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.06%
Sterling Bank And Trust Fsb has a below average approval rate.
Pick Rate
Approvals leading to origination63.81%
Sterling Bank And Trust Fsb has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 268 | $189,810,000 | $708,246 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| STERLING BANCORP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 5.3% |
| STERLING BANCORP | Conventional home mortgage | Closing on a mortgage | 1 | 5.3% |
| STERLING BANCORP | Conventional home mortgage | Struggling to pay mortgage | 4 | 21.1% |
| STERLING BANCORP | Conventional home mortgage | Trouble during payment process | 9 | 47.4% |
| STERLING BANCORP | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 5.3% |
| STERLING BANCORP | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 5.3% |
| STERLING BANCORP | Other type of mortgage | Trouble during payment process | 2 | 10.5% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Sterling Bank and Trust, FSB | 10191 S De Anza Blvd Cupertino, CA 95014 | Full Service B&M | $41,264 |
| Sterling Bank and Trust, FSB | 1100 Bellevue Way Ne Bellevue, WA 98004 | Full Service B&M | $73,383 |
| Sterling Bank and Trust, FSB | 1104 4th Street San Rafael, CA 94901 | Full Service B&M | $45,211 |
| Sterling Bank and Trust, FSB | 1122 Taraval St San Francisco, CA 94116 | Full Service B&M | $95,529 |
| Sterling Bank and Trust, FSB | 115 West Portal Avenue San Francisco, CA 94127 | Full Service B&M | $75,363 |
| Sterling Bank and Trust, FSB | 1210 Broadway Burlingame, CA 94010 | Full Service B&M | $142,973 |
| Sterling Bank and Trust, FSB | 1239 Noriega Street San Francisco, CA 94122 | Full Service B&M | $71,484 |
| Sterling Bank and Trust, FSB | 15 E 4th Ave San Mateo, CA 94401 | Full Service B&M | $77,643 |
| Sterling Bank and Trust, FSB | 1900 Fillmore Street San Francisco, CA 94115 | Full Service B&M | $34,190 |
| Sterling Bank and Trust, FSB | 19220 Colima Road La Puente, CA 91748 | Full Service B&M | $95,558 |
| Sterling Bank and Trust, FSB | 2045 Van Ness Avenue San Francisco, CA 94109 | Full Service B&M | $141,265 |
| Sterling Bank and Trust, FSB | 2100 Market Street San Francisco, CA 94114 | Full Service B&M | $47,625 |
| Sterling Bank and Trust, FSB | 2501 Irving Street San Francisco, CA 94122 | Full Service B&M | $186,748 |
| Sterling Bank and Trust, FSB | 2555 San Bruno Avenue San Francisco, CA 94134 | Full Service B&M | $90,283 |
| Sterling Bank and Trust, FSB | 2911 Chino Hills Unit F-1 Chino Hills, CA 91709 | Full Service B&M | $27,177 |
| Sterling Bank and Trust, FSB | 3640 Wilshire Blvd, Suite 150 Los Angeles, CA 90010 | Full Service B&M | $24,860 |
| Sterling Bank and Trust, FSB | 3800 24th Street San Francisco, CA 94114 | Full Service B&M | $106,416 |
| Sterling Bank and Trust, FSB | 38990 Paseo Padre Pkwy Fremont, CA 94538 | Full Service B&M | $28,217 |
| Sterling Bank and Trust, FSB | 39-02 Main St Flushing, NY 11354 | Full Service B&M | $46,835 |
| Sterling Bank and Trust, FSB | 400 Montgomery St, Ste 100 San Francisco, CA 94104 | Full Service B&M | $114,285 |
| Sterling Bank and Trust, FSB | 4250 Barranca Parkway, Suite S Irvine, CA 92604 | Full Service B&M | $67,849 |
| Sterling Bank and Trust, FSB | 440 Westlake Center Dr, Suite 4022 Daly City, CA 94015 | Full Service B&M | $113,836 |
| Sterling Bank and Trust, FSB | 4627 Mission St San Francisco, CA 94112 | Full Service B&M | $66,384 |
| Sterling Bank and Trust, FSB | 5498 Geary Boulevard San Francisco, CA 94121 | Full Service B&M | $172,443 |
| Sterling Bank and Trust, FSB | 657 West Durate Road Arcadia, CA 91007 | Full Service B&M | $133,467 |
| Sterling Bank and Trust, FSB | 711 W Valley Blvd, Ste 100 Alhambra, CA 91803 | Full Service B&M | $256,723 |
| Sterling Bank and Trust, FSB | 735 Webster Street Oakland, CA 94607 | Full Service B&M | $54,845 |
| Sterling Bank and Trust, FSB | 774 55th Street, Third Floor Brooklyn, NY 11220 | Full Service B&M | $4,859 |
| Sterling Bank and Trust, FSB | 825 Irving Street San Francisco, CA 94122 | Full Service B&M | $122,624 |
| Sterling Bank and Trust, FSB | One Towne Square, Suite 1900 Southfield, MI 48076 | Full Service B&M | $80,527 |
For 2021, Sterling Bank And Trust Fsb had 30 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $116,540 |
| Net interest income | $95,169 |
| Total noninterest income | $2,745 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $343 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,402 |
| Pre-tax net operating income | $36,381 |
| Securities gains (or losses, -) | $-142 |
| Income before extraordinary items | $25,724 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $25,724 |
| Minority interest net income | $0 |
| Net income | $25,724 |
| Sale, conversion, retirement of capital stock, net | $580 |
| Net operating income | $25,836 |
Sterling Bank And Trust Fsb's gross interest income from loans was $116,540,000.
Sterling Bank And Trust Fsb's net interest income from loans was $95,169,000.
Sterling Bank And Trust Fsb's fee based income from loans was $343,000.
Sterling Bank And Trust Fsb's net income from loans was $25,724,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $21,371 |
| Provision for credit losses | $-3,771 |
| Total noninterest expense | $65,304 |
| Salaries and employee benefits | $25,385 |
| Premises and equipment expense | $9,108 |
| Additional noninterest expense | $30,811 |
| Applicable income taxes | $10,515 |
| Net charge-offs | $12,068 |
| Cash dividends | $10,000 |
Sterling Bank And Trust Fsb's interest expense for loans was $21,371,000.
Sterling Bank And Trust Fsb's payroll and benefits expense were $25,385,000.
Sterling Bank And Trust Fsb's property, plant and equipment expenses $9,108,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 3.0% |
| Real Estate loans | 3.0% |
| Construction & Land Development loans | 11.0% |
| Nonfarm, nonresidential loans | 12.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 3.0% |
| HELOC loans | 1.0% |
| All other family | 3.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $2,294,403 |
| Deposits held in domestic offices | $2,294,403 |
| Deposits by Individuals, partnerships, and corporations | $2,273,574 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $495 |
| Deposits by Commercial banks and other depository institutions in U.S. | $20,333 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $239,819 |
| Demand deposits | $90,442 |
| Nontransaction accounts | $2,054,583 |
| Money market deposit accounts (MMDAs) | $1,150,250 |
| Other savings deposits (excluding MMDAs) | $12,513 |
| Total time deposits | $891,819 |
| Total time and savings deposits | $2,203,960 |
| Noninterest-bearing deposits | $90,522 |
| Interest-bearing deposits | $2,203,881 |
| Retail deposits | $2,032,177 |
| IRAs and Keogh plan accounts | $51,968 |
| Brokered deposits | $20,109 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,873,668 |
| Cash & Balances due from depository institutions | $411,470 |
| Interest-bearing balances | $408,137 |
| Total securities | $313,632 |
| Federal funds sold & reverse repurchase | $1,395 |
| Net loans and leases | $2,020,954 |
| Loan and leases loss allowance | $56,548 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $25,258 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $2,722 |
| All other assets | $98,237 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,873,668 |
| Total Liabilities | $2,495,037 |
| Total deposits | $2,294,403 |
| Interest-bearing deposits | $2,203,881 |
| Deposits held in domestic offices | $2,294,403 |
| % insured (estimated) | $81 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $150,000 |
| Subordinated debt | $0 |
| All other liabilities | $50,634 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $2,020,954 |
| Loan and leases loss allowance | $56,548 |
| Total loans and leases (domestic) | $2,077,502 |
| All real estate loans | $2,077,281 |
| Real estate loans in domestic offices | $2,077,281 |
| Construction and development loans | $111,754 |
| Residential 1-4 family construction | $23,155 |
| Other construction, all land development and other land | $88,599 |
| Loans secured by nonfarm nonresidential properties | $106,614 |
| Nonfarm nonresidential secured by owner-occupied properties | $2,077 |
| Commercial real estate & other non-farm, non-residential | $104,537 |
| Multifamily residential real estate | $112,790 |
| 1-4 family residential loans | $1,746,123 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $0 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $0 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $0 |
| All other loans & leases | $221 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $221 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $2,664 |
| Non 1-4 family restructured loans & leases | $2,600 |
| Total loans and leases (foreign) | $0 |
Sterling Bank and Trust FSB had $2,020,954,000 of loans outstanding in 2021. $2,077,281,000 of loans were in real estate loans. $111,754,000 of loans were in development loans. $112,790,000 of loans were in multifamily mortgage loans. $1,746,123,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 14 | $6,692 | $478,000 |
| Nonfarm, nonresidential loans - $100-250k | 2 | $138 | $69,000 |
| Nonfarm, nonresidential loans - $250k-1MM | 12 | $6,554 | $546,167 |