--- title: Stearns Bank National Association url: https://lender.report/lender/stearns-bank-mn/ as_of: 2026-06-30 data_version: 2026-11-12.1 license: https://lender.report/license/ is_paid: false label: Unverified listing listing_state: unverified status: operating ids: {fdic: 10988, rssd: 141556, ncua: null, lei: 54930011T0W8MY36DZ75} --- # Stearns Bank National Association > Unverified listing. Built from public records. The lender has not reviewed the page. Every lender starts this way, and it says nothing about the lender itself. Claiming is free. **Cite this:** Source: The Lender Report, Stearns Bank National Association, https://lender.report/lender/stearns-bank-mn/, data as of June 30, 2026. Bank, Saint Cloud, MN. Regulator: Office of the Comptroller of the Currency. Identifiers: FDIC certificate 10988; RSSD 141556; LEI 54930011T0W8MY36DZ75. ## Facts, each with its source and date - Reported $3.3B in total assets as of June 30, 2026 (FDIC call report). - Held $2.6B of commercial and commercial real estate loans as of June 30, 2026 (FDIC call report). - Held $1.4B of commercial and industrial loans as of June 30, 2026 (FDIC call report). - Held $415.8M of construction and land loans as of June 30, 2026 (FDIC call report). - Held $354.9M of owner-occupied commercial real estate loans as of June 30, 2026 (FDIC call report). - Recorded 419 SBA 7(a) approvals totaling $192.9M from October 1, 2023 to September 30, 2026, of which 24 were later cancelled (SBA). - Provided the first lien on 17 SBA 504 projects with $56.2M in first-lien dollars from October 1, 2023 to September 30, 2026, of which 1 was later cancelled (SBA). - Estimated legal lending limit of about $86M (estimate, 15% of tier 1 capital plus allowance, June 30, 2026 FDIC call report). - Listed 8 offices in 3 states (FDIC). - Reported making 6,158 small business loans totaling $483.3M in 2024, in its Community Reinvestment Act filing (FFIEC). - Reported making 949 small farm loans totaling $51M in 2024, in its Community Reinvestment Act filing (FFIEC). - Held 24,690 commercial and industrial loans that were $1 million or less when made, with a balance of $1.1B as of June 30, 2026 (FDIC call report). These are loans held, not loans made. - Held 332 loans secured by nonfarm nonresidential property that were $1 million or less when made, with a balance of $98.9M as of June 30, 2026 (FDIC call report). These are loans held, not loans made. - Reported commitments to fund construction loans that had not been drawn at June 30, 2026: $5.2M for 1-4 family and $215.9M for commercial and other construction (FFIEC Call Report). A commitment is not a loan made. - Named as the lender on 21 mortgages recorded in New York City from 2023-10 to 2026-09, totaling $24.2M (NYC Department of Finance, ACRIS). ## What it holds (June 30, 2026) Balances held as filed. Not loans made. | Book | Holds | Of its loans | Year over year | | --- | --- | --- | --- | | Multifamily | $140M | 4.96% | +16.1% | | Construction and land development | $416M | 14.74% | -1.4% | | Owner-occupied CRE | $355M | 12.58% | -14.2% | | Non-owner-occupied CRE | $228M | 8.1% | +0.6% | | Farmland | $17.6M | 0.62% | +42.1% | | Commercial and industrial | $1.42B | 50.47% | -15.7% | ## Loans on record | Kind of loan | Period | Loans made | Dollars | Source | | --- | --- | --- | --- | --- | | SBA 7(a), net of cancelled | 36 months to September 30, 2026 | 395 | $188M | SBA FOIA | | SBA 504 first lien, net of cancelled | 36 months to September 30, 2026 | 16 | $53.4M | SBA FOIA | ## Recent recorded loans, coarsened Place is the county or the state, amounts are rounded to 2 significant figures, and no borrower is named. | When | Place | Loan | Amount | Rate | Term (months) | Source | | --- | --- | --- | --- | --- | --- | --- | | Sep 2026 | Maine | SBA 7(a), Agriculture, Forestry, Fishing and Hunting | $1.90M | 8.25% | 132 | SBA FOIA | | Sep 2026 | North Carolina | SBA 7(a), Administrative and Support and Waste Management and Remediation Services | $1.40M | 8.75% | 180 | SBA FOIA | | Sep 2026 | Arizona | SBA 7(a), Full-Service Restaurants | $540K | 9.5% | 300 | SBA FOIA | | Sep 2026 | Tennessee | SBA 7(a), Agriculture, Forestry, Fishing and Hunting | $310K | 9.5% | 120 | SBA FOIA | | Sep 2026 | Florida | SBA 7(a), Full-Service Restaurants | $150K | 9.75% | 120 | SBA FOIA | | Sep 2026 | Michigan | SBA 7(a), Nonupholstered Wood Household Furniture Manufacturing | $61.0K | 9.75% | 120 | SBA FOIA | | Aug 2026 | North Carolina | SBA 7(a), Limited-Service Restaurants | $440K | 9.5% | 300 | SBA FOIA | | Aug 2026 | Virginia | SBA 7(a), Offices of Physical, Occupational and Speech Therapists, and Audiologists | $430K | 8.75% | 120 | SBA FOIA | | Aug 2026 | Texas | SBA 7(a), Vending Machine Operators | $350K | 9.75% | 120 | SBA FOIA | | Aug 2026 | Florida | SBA 7(a), Fabricated Structural Metal Manufacturing | $240K | 9.5% | 120 | SBA FOIA | ## Where it lends 8 offices in 3 states (October 28, 2026). ## Not a rating Our calculation from public filings, as of June 30, 2026. Not a rating, and not a statement about safety or deposits. | Measure | Value | How it is worked out | | --- | --- | --- | | Estimated largest single loan | $86.0M | Estimate from reported capital, not a limit the lender has stated. | | Loans to assets | 86.13% | Total loans divided by total assets | | Loans to deposits | 118.22% | Total loans divided by total deposits | ## What we do not know - Whether this lender is taking new loans today. - Its underwriting limits and fees, unless it has told us. - Whether it takes brokers, beyond what the public record shows. - A balance is what a lender holds as filed. It is not a loan made. ## How to reach them - Website: https://www.stearnsbank.com (from the regulator record or the lender's own site) - Phone: (800) 320-7262 - Regulator record: https://banks.data.fdic.gov/bankfind-suite/bankfind/details/10988 ## For the record Data as of June 30, 2026. Data release 2026-11-12.1. Source and date appear beside each figure. 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