Call reports 2023
STEARNS BANK NATIONAL ASSOCIATION — 2023
What STEARNS BANK NATIONAL ASSOCIATION 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 | 2,721,777,000 | 2,732,809,000 | 2,822,916,000 | 3,092,549,000 |
| Total loans | 1,994,946,000 | 2,093,640,000 | 2,351,879,000 | 2,562,367,000 |
| Allowance for loan losses | 64,541,000 | 68,483,000 | 78,581,000 | 78,921,000 |
| Securities available for sale | 52,963,000 | 55,001,000 | 67,733,000 | 75,924,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,101,375,000 | 2,112,743,000 | 2,150,432,000 | 2,214,895,000 |
| Interest-bearing deposits | 1,959,983,000 | 1,970,583,000 | 2,007,552,000 | 2,036,747,000 |
| Noninterest-bearing deposits | 141,392,000 | 142,160,000 | 142,880,000 | 178,148,000 |
| Equity capital | 557,039,000 | 559,669,000 | 554,557,000 | 556,285,000 |
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 | 46,854,000 | 106,466,000 | 164,367,000 | 232,494,000 |
| Interest expense | 8,402,000 | 27,655,000 | 47,659,000 | 69,978,000 |
| Net interest income | 38,452,000 | 78,811,000 | 116,708,000 | 162,516,000 |
| Noninterest income | 2,761,000 | 5,428,000 | 3,976,000 | 12,824,000 |
| Noninterest expense | 20,761,000 | 43,356,000 | 66,269,000 | 82,742,000 |
| Provision for loan losses | 4,700,000 | 14,600,000 | 30,647,000 | 39,747,000 |
| Pretax income | 15,917,000 | 26,710,000 | 24,260,000 | 53,317,000 |
| Income tax | 4,049,000 | 6,659,000 | 6,284,000 | 12,995,000 |
| Net income | 11,868,000 | 20,051,000 | 18,256,000 | 40,004,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 551,782,000 | 555,139,000 | 543,405,000 | 543,925,000 |
| Total capital | 580,307,000 | 584,547,000 | 575,724,000 | 578,857,000 |
| Risk-weighted assets | 2,244,947,000 | 2,312,707,000 | 2,538,505,000 | 2,749,725,000 |