Applications / Mortgage Analytics / Lenders / Minnesota / Sterling State Bank
Austin, MN · State non-member bank · FDIC · $482 million assets · 25 loans in 2025
Sterling State Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
25
loans originated, 2025
30
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Sterling State Bank, of Austin, Minnesota, is a very small home lender, first reported in 1994, that made 25 loans in 2025.
It made 25 loans in 2025, down 22% from 32, while similar lenders, meaning state non-member banks making between half and twice as many loans, made 6% fewer. It made 43 loans in 2018 and 59 in 2019. With so few loans, its shares of purchases, of loans to poorer borrowers and of loan sizes are too small to read much into.
It filed no report for 2020, 2021 or 2022. Since 2020 a bank making fewer than 100 closed-end loans a year need not report, so those years are gaps in the record, not years without lending. It filed again from 2023.
Minnesota is its main state; it lends in just 6 counties across 2 states. Its best placing is in Rochester, where it ranked 56 of 276 lenders; United Wholesale Mortgage and Think Mutual Bank lead that market. In Minneapolis-St. Paul-Bloomington it ranked 501 of 688. It has lent in Rochester since 1994, and every loan it made in 2025 was conventional, with no government-backed lending.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Sterling State Bank took 30 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 64.0% · Home improvement 16.0% · Other 12.0% · Refinance 8.0%
Conventional 100.0% · of 25 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Minnesota | 24 | 96.0% |
| Michigan | 1 | 4.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Rochester | 17 |
| Minneapolis-St. Paul-Bloomington | 6 |
| South Bend-Mishawaka | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300J40Q51KLQJLO73 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 144155 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 317863 | 1994–2017 |
Established 1 May 1958. Reported under HMDA 1994-2025.
Mergers, name changes, data editions and corrections: Sterling State Bank's data.
Sterling State Bank's data
$215
Sterling State Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
Buy Sterling State Bank's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]