Call reports 2006
STERLINGSOUTH BANK & TRUST COMPANY — 2006
What STERLINGSOUTH BANK & TRUST COMPANY reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 |
|---|---|---|
| Total assets | 161,896,000 | 168,931,000 |
| Total loans | 127,218,000 | 137,898,000 |
| Allowance for loan losses | 1,685,000 | 1,818,000 |
| Securities available for sale | 19,132,000 | 18,359,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 139,145,000 | 138,751,000 |
| Interest-bearing deposits | 123,766,000 | 125,253,000 |
| Noninterest-bearing deposits | 15,379,000 | 13,498,000 |
| Equity capital | 13,300,000 | 13,997,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 |
|---|---|---|
| Interest income | 2,558,000 | 5,368,000 |
| Interest expense | 1,075,000 | 2,310,000 |
| Net interest income | 1,483,000 | 3,058,000 |
| Noninterest income | 70,000 | 145,000 |
| Noninterest expense | 1,098,000 | 2,123,000 |
| Provision for loan losses | 19,000 | 207,000 |
| Pretax income | 436,000 | 873,000 |
| Income tax | 104,000 | 205,000 |
| Net income | 332,000 | 668,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 |
|---|---|---|
| Tier 1 capital | 13,663,000 | 14,483,000 |
| Total capital | 15,348,000 | 16,301,000 |
| Risk-weighted assets | 138,520,000 | 147,439,000 |