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 | 4,746,189,000 | 4,909,571,000 | 4,948,771,000 | 5,081,614,000 |
| Total loans | 3,548,750,000 | 3,655,608,000 | 3,745,094,000 | 3,793,814,000 |
| Allowance for loan losses | 35,681,000 | 41,651,000 | 45,222,000 | 49,177,000 |
| Securities available for sale | 532,345,000 | 569,152,000 | 544,395,000 | 634,239,000 |
| Securities held to maturity | 176,903,000 | 175,634,000 | 174,435,000 | 172,039,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,652,780,000 | 3,690,729,000 | 3,529,946,000 | 3,775,786,000 |
| Interest-bearing deposits | 2,544,702,000 | 2,547,730,000 | 2,436,850,000 | 2,643,863,000 |
| Noninterest-bearing deposits | 1,108,078,000 | 1,142,999,000 | 1,093,096,000 | 1,131,923,000 |
| Equity capital | 572,108,000 | 570,198,000 | 577,385,000 | 719,069,000 |
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 | 70,688,000 | 139,255,000 | 207,697,000 | 275,104,000 |
| Interest expense | 20,976,000 | 37,801,000 | 55,329,000 | 70,809,000 |
| Net interest income | 49,712,000 | 101,454,000 | 152,368,000 | 204,295,000 |
| Noninterest income | 10,670,000 | 21,349,000 | 30,357,000 | 40,088,000 |
| Noninterest expense | 37,169,000 | 74,527,000 | 113,799,000 | 152,696,000 |
| Provision for loan losses | 4,150,000 | 12,317,000 | 21,690,000 | 29,190,000 |
| Pretax income | 19,063,000 | 35,959,000 | 47,771,000 | 62,975,000 |
| Income tax | 6,224,000 | 11,734,000 | 15,393,000 | 19,812,000 |
| Net income | 12,839,000 | 24,225,000 | 32,378,000 | 43,163,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 369,562,000 | 377,003,000 | 381,643,000 | 509,198,000 |
| Total capital | 455,310,000 | 483,602,000 | 492,930,000 | 627,695,000 |
| Risk-weighted assets | 4,286,614,000 | 4,169,782,000 | 4,205,953,000 | 4,227,801,000 |