Call reports 2005
STERLING BANK — 2005
What STERLING BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 36,673,000 | 43,253,000 | 50,356,000 | 63,315,000 |
| Total loans | 25,704,000 | 30,197,000 | 37,840,000 | 39,935,000 |
| Allowance for loan losses | 350,000 | 378,000 | 458,000 | 501,000 |
| Securities available for sale | 4,418,000 | 4,666,000 | 4,349,000 | 4,091,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 29,121,000 | 31,377,000 | 36,750,000 | 48,804,000 |
| Interest-bearing deposits | 24,148,000 | 26,290,000 | 31,660,000 | 43,774,000 |
| Noninterest-bearing deposits | 4,973,000 | 5,087,000 | 5,090,000 | 5,030,000 |
| Equity capital | 7,376,000 | 7,462,000 | 7,533,000 | 8,774,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 531,000 | 1,044,000 | 1,732,000 | 2,588,000 |
| Interest expense | 29,000 | 90,000 | 219,000 | 447,000 |
| Net interest income | 502,000 | 954,000 | 1,513,000 | 2,141,000 |
| Noninterest income | 9,000 | 18,000 | 30,000 | 42,000 |
| Noninterest expense | 299,000 | 626,000 | 977,000 | 1,448,000 |
| Provision for loan losses | 0 | 33,000 | 113,000 | 156,000 |
| Pretax income | 212,000 | 313,000 | 453,000 | 579,000 |
| Income tax | 80,000 | 117,000 | 171,000 | 219,000 |
| Net income | 132,000 | 196,000 | 282,000 | 360,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,392,000 | 7,456,000 | 7,542,000 | 8,820,000 |
| Total capital | 7,728,000 | 7,834,000 | 8,000,000 | 9,321,000 |
| Risk-weighted assets | 26,868,000 | 31,824,000 | 39,009,000 | 43,728,000 |