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 | 391,383,000 | 382,781,000 | 387,340,000 | 399,781,000 |
| Total loans | 324,114,000 | 312,839,000 | 299,785,000 | 289,294,000 |
| Allowance for loan losses | 5,633,000 | 7,541,000 | 7,958,000 | 10,809,000 |
| Securities available for sale | 26,579,000 | 25,094,000 | 40,277,000 | 41,971,000 |
| Securities held to maturity | 8,548,000 | 8,540,000 | 8,529,000 | 8,518,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 325,132,000 | 320,095,000 | 326,254,000 | 339,891,000 |
| Interest-bearing deposits | 294,163,000 | 295,174,000 | 302,946,000 | 319,068,000 |
| Noninterest-bearing deposits | 30,969,000 | 24,921,000 | 23,308,000 | 20,823,000 |
| Equity capital | 34,756,000 | 31,625,000 | 30,290,000 | 28,922,000 |
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 | 6,875,000 | 12,729,000 | 18,578,000 | 24,030,000 |
| Interest expense | 3,527,000 | 6,637,000 | 9,695,000 | 12,762,000 |
| Net interest income | 3,348,000 | 6,092,000 | 8,883,000 | 11,268,000 |
| Noninterest income | 1,062,000 | 1,241,000 | 1,431,000 | 1,091,000 |
| Noninterest expense | 2,415,000 | 4,887,000 | 7,316,000 | 10,004,000 |
| Provision for loan losses | 750,000 | 3,678,000 | 6,516,000 | 12,831,000 |
| Pretax income | 1,487,000 | -804,000 | -2,941,000 | -9,881,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,487,000 | -804,000 | -2,941,000 | -9,881,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,100,000 | 31,809,000 | 31,173,000 | 28,833,000 |
| Total capital | 42,471,000 | 40,054,000 | 39,351,000 | 36,929,000 |
| Risk-weighted assets | 348,420,000 | 336,328,000 | 330,475,000 | 320,648,000 |