Call reports 2021
STEARNS BANK NATIONAL ASSOCIATION — 2021
What STEARNS BANK NATIONAL ASSOCIATION reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 2,400,789,000 | 2,165,992,000 | 2,280,429,000 | 2,301,428,000 |
| Total loans | 1,593,547,000 | 1,501,400,000 | 1,504,493,000 | 1,547,410,000 |
| Allowance for loan losses | 86,016,000 | 77,949,000 | 68,299,000 | 57,366,000 |
| Securities available for sale | 17,987,000 | 18,747,000 | 24,184,000 | 24,926,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,857,257,000 | 1,595,513,000 | 1,706,240,000 | 1,708,636,000 |
| Interest-bearing deposits | 1,680,026,000 | 1,430,275,000 | 1,524,423,000 | 1,521,362,000 |
| Noninterest-bearing deposits | 177,231,000 | 165,238,000 | 181,817,000 | 187,274,000 |
| Equity capital | 483,192,000 | 500,581,000 | 492,200,000 | 504,807,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 32,450,000 | 66,325,000 | 102,220,000 | 135,812,000 |
| Interest expense | 3,974,000 | 7,680,000 | 10,692,000 | 13,223,000 |
| Net interest income | 28,476,000 | 58,645,000 | 91,528,000 | 122,589,000 |
| Noninterest income | 5,281,000 | 11,295,000 | 14,377,000 | 17,476,000 |
| Noninterest expense | 16,168,000 | 33,069,000 | 51,620,000 | 71,009,000 |
| Provision for loan losses | 1,000,000 | -5,500,000 | -14,793,000 | -27,493,000 |
| Pretax income | 16,589,000 | 42,371,000 | 69,078,000 | 96,597,000 |
| Income tax | 4,199,000 | 10,565,000 | 17,343,000 | 24,111,000 |
| Net income | 12,390,000 | 31,806,000 | 51,735,000 | 72,486,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 482,940,000 | 491,365,000 | 483,095,000 | 496,252,000 |
| Total capital | 503,415,000 | 511,753,000 | 504,528,000 | 518,328,000 |
| Risk-weighted assets | 1,571,717,000 | 1,572,757,000 | 1,667,086,000 | 1,730,069,000 |