Call reports 2023
STERLING BANK — 2023
What STERLING BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 341,332,000 | 346,252,000 | 349,958,000 | 345,426,000 |
| Total loans | 214,533,000 | 222,974,000 | 227,026,000 | 225,819,000 |
| Allowance for loan losses | 2,038,000 | 2,068,000 | 2,098,000 | 2,128,000 |
| Securities available for sale | 20,439,000 | 19,739,000 | 19,350,000 | 19,670,000 |
| Securities held to maturity | 94,143,000 | 93,246,000 | 91,972,000 | 89,362,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 296,686,000 | 292,061,000 | 300,553,000 | 291,815,000 |
| Interest-bearing deposits | 233,886,000 | 230,574,000 | 233,613,000 | 231,293,000 |
| Noninterest-bearing deposits | 62,800,000 | 61,487,000 | 66,940,000 | 60,522,000 |
| Equity capital | 26,608,000 | 26,627,000 | 26,866,000 | 27,973,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 3,123,000 | 6,482,000 | 10,152,000 | 13,898,000 |
| Interest expense | 817,000 | 1,952,000 | 3,329,000 | 4,706,000 |
| Net interest income | 2,306,000 | 4,530,000 | 6,823,000 | 9,192,000 |
| Noninterest income | 255,000 | 573,000 | 886,000 | 1,195,000 |
| Noninterest expense | 1,642,000 | 3,281,000 | 4,917,000 | 6,591,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 120,000 |
| Pretax income | 889,000 | 1,762,000 | 2,702,000 | 3,676,000 |
| Income tax | 3,000 | 4,000 | 5,000 | 4,000 |
| Net income | 886,000 | 1,758,000 | 2,697,000 | 3,672,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,670,000 | 28,792,000 | 29,231,000 | 29,706,000 |
| Total capital | 30,708,000 | 30,860,000 | 31,329,000 | 31,834,000 |
| Risk-weighted assets | 229,696,000 | 231,979,000 | 243,381,000 | 244,914,000 |