Call reports 2010
STERLING BANK — 2010
What STERLING BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 |
|---|---|---|
| Total assets | 406,543,000 | 354,966,000 |
| Total loans | 245,625,000 | 224,649,000 |
| Allowance for loan losses | 13,164,000 | 10,532,000 |
| Securities available for sale | 68,752,000 | 56,581,000 |
| Securities held to maturity | 2,622,000 | 2,521,000 |
| Trading assets | 0 | 0 |
| Total deposits | 372,428,000 | 329,541,000 |
| Interest-bearing deposits | 341,179,000 | 299,448,000 |
| Noninterest-bearing deposits | 31,249,000 | 30,093,000 |
| Equity capital | 3,770,000 | -4,925,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 |
|---|---|---|
| Interest income | 3,852,000 | 7,444,000 |
| Interest expense | 2,119,000 | 4,105,000 |
| Net interest income | 1,733,000 | 3,339,000 |
| Noninterest income | 568,000 | 709,000 |
| Noninterest expense | 2,587,000 | 5,794,000 |
| Provision for loan losses | 5,820,000 | 13,986,000 |
| Pretax income | -6,810,000 | -17,105,000 |
| Income tax | 0 | 0 |
| Net income | -6,810,000 | -17,105,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 |
|---|---|---|
| Tier 1 capital | 7,095,000 | -3,199,000 |
| Total capital | 14,190,000 | -3,199,000 |
| Risk-weighted assets | 256,804,000 | 238,247,000 |