Call reports 2008
STERLING BANK — 2008
What STERLING BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 166,752,000 | 162,518,000 | 165,254,000 | 161,561,000 |
| Total loans | 122,287,000 | 116,642,000 | 118,600,000 | 114,288,000 |
| Allowance for loan losses | 1,463,000 | 1,486,000 | 1,516,000 | 1,546,000 |
| Securities available for sale | 3,161,000 | 5,003,000 | 4,958,000 | 5,302,000 |
| Securities held to maturity | 28,921,000 | 27,455,000 | 31,088,000 | 28,065,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 149,244,000 | 145,036,000 | 148,026,000 | 144,636,000 |
| Interest-bearing deposits | 134,432,000 | 128,455,000 | 131,923,000 | 128,875,000 |
| Noninterest-bearing deposits | 14,812,000 | 16,581,000 | 16,103,000 | 15,761,000 |
| Equity capital | 13,676,000 | 13,719,000 | 13,537,000 | 13,156,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,658,000 | 5,149,000 | 7,557,000 | 9,903,000 |
| Interest expense | 1,162,000 | 2,135,000 | 3,057,000 | 3,879,000 |
| Net interest income | 1,496,000 | 3,014,000 | 4,500,000 | 6,024,000 |
| Noninterest income | 212,000 | 430,000 | 643,000 | 823,000 |
| Noninterest expense | 1,035,000 | 2,035,000 | 3,074,000 | 4,154,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 120,000 |
| Pretax income | 643,000 | 1,349,000 | 1,979,000 | 2,573,000 |
| Income tax | 1,000 | 3,000 | 4,000 | 5,000 |
| Net income | 642,000 | 1,346,000 | 1,975,000 | 2,568,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,696,000 | 13,830,000 | 13,679,000 | 13,192,000 |
| Total capital | 15,159,000 | 15,316,000 | 15,195,000 | 14,717,000 |
| Risk-weighted assets | 125,451,000 | 120,534,000 | 122,412,000 | 121,987,000 |