Call reports 2024
STEARNS BANK NATIONAL ASSOCIATION — 2024
What STEARNS BANK NATIONAL ASSOCIATION 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 | 3,157,327,000 | 3,223,214,000 | 3,272,904,000 | 3,135,139,000 |
| Total loans | 2,631,567,000 | 2,674,184,000 | 2,725,554,000 | 2,722,415,000 |
| Allowance for loan losses | 77,991,000 | 78,162,000 | 79,730,000 | 79,684,000 |
| Securities available for sale | 82,970,000 | 89,449,000 | 94,317,000 | 89,552,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,328,866,000 | 2,377,776,000 | 2,501,432,000 | 2,528,376,000 |
| Interest-bearing deposits | 2,147,852,000 | 2,186,017,000 | 2,290,559,000 | 2,327,446,000 |
| Noninterest-bearing deposits | 181,014,000 | 191,759,000 | 210,873,000 | 200,930,000 |
| Equity capital | 563,243,000 | 507,393,000 | 518,803,000 | 536,499,000 |
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 | 63,704,000 | 132,313,000 | 202,958,000 | 273,489,000 |
| Interest expense | 22,792,000 | 46,615,000 | 70,442,000 | 92,749,000 |
| Net interest income | 40,912,000 | 85,698,000 | 132,516,000 | 180,740,000 |
| Noninterest income | 3,382,000 | 6,230,000 | 8,693,000 | 14,818,000 |
| Noninterest expense | 25,611,000 | 50,400,000 | 79,125,000 | 105,639,000 |
| Provision for loan losses | 8,575,000 | 13,405,000 | 20,905,000 | 24,265,000 |
| Pretax income | 10,011,000 | 27,989,000 | 40,934,000 | 65,473,000 |
| Income tax | 2,414,000 | 6,862,000 | 9,627,000 | 15,243,000 |
| Net income | 7,370,000 | 20,604,000 | 30,554,000 | 49,507,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 543,006,000 | 491,355,000 | 503,306,000 | 525,851,000 |
| Total capital | 578,791,000 | 527,204,000 | 540,968,000 | 563,611,000 |
| Risk-weighted assets | 2,819,681,000 | 2,824,646,000 | 2,969,851,000 | 2,977,841,000 |