Call reports 2024
STERLING BANK — 2024
What STERLING BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 347,101,000 | 344,037,000 | 345,164,000 | 344,489,000 |
| Total loans | 232,491,000 | 231,849,000 | 230,963,000 | 233,572,000 |
| Allowance for loan losses | 2,158,000 | 2,188,000 | 2,219,000 | 2,249,000 |
| Securities available for sale | 19,649,000 | 19,751,000 | 20,325,000 | 17,055,000 |
| Securities held to maturity | 87,099,000 | 82,987,000 | 80,849,000 | 81,047,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 293,202,000 | 297,227,000 | 297,542,000 | 304,364,000 |
| Interest-bearing deposits | 234,620,000 | 235,128,000 | 238,131,000 | 245,503,000 |
| Noninterest-bearing deposits | 58,582,000 | 62,099,000 | 59,411,000 | 58,861,000 |
| Equity capital | 28,690,000 | 28,928,000 | 29,779,000 | 29,153,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 3,816,000 | 7,760,000 | 11,786,000 | 15,940,000 |
| Interest expense | 1,534,000 | 3,114,000 | 4,734,000 | 6,327,000 |
| Net interest income | 2,282,000 | 4,646,000 | 7,052,000 | 9,613,000 |
| Noninterest income | 259,000 | 563,000 | 867,000 | 1,175,000 |
| Noninterest expense | 1,770,000 | 3,513,000 | 5,175,000 | 6,961,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 120,000 |
| Pretax income | 741,000 | 1,636,000 | 2,654,000 | 3,707,000 |
| Income tax | 1,000 | 2,000 | 2,000 | -5,000 |
| Net income | 740,000 | 1,634,000 | 2,652,000 | 3,712,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,445,000 | 30,590,000 | 30,858,000 | 30,418,000 |
| Total capital | 32,603,000 | 32,778,000 | 33,077,000 | 32,667,000 |
| Risk-weighted assets | 245,173,000 | 245,000,000 | 242,869,000 | 241,145,000 |