Call reports 2006
STERLING BANK — 2006
What STERLING BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 70,406,000 | 73,465,000 | 81,512,000 | 81,812,000 |
| Total loans | 42,300,000 | 45,237,000 | 51,529,000 | 55,662,000 |
| Allowance for loan losses | 526,000 | 560,000 | 643,000 | 695,000 |
| Securities available for sale | 13,760,000 | 20,142,000 | 20,807,000 | 19,573,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 55,557,000 | 57,918,000 | 65,085,000 | 61,436,000 |
| Interest-bearing deposits | 48,179,000 | 51,865,000 | 59,211,000 | 55,144,000 |
| Noninterest-bearing deposits | 7,378,000 | 6,053,000 | 5,874,000 | 6,292,000 |
| Equity capital | 8,891,000 | 8,864,000 | 9,354,000 | 9,471,000 |
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 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 994,000 | 2,189,000 | 3,503,000 | 4,903,000 |
| Interest expense | 341,000 | 746,000 | 1,233,000 | 1,784,000 |
| Net interest income | 653,000 | 1,443,000 | 2,270,000 | 3,119,000 |
| Noninterest income | 58,000 | 78,000 | 127,000 | 213,000 |
| Noninterest expense | 382,000 | 850,000 | 1,365,000 | 2,135,000 |
| Provision for loan losses | 29,000 | 70,000 | 153,000 | 209,000 |
| Pretax income | 300,000 | 601,000 | 879,000 | 988,000 |
| Income tax | 112,000 | 225,000 | 327,000 | 369,000 |
| Net income | 188,000 | 376,000 | 552,000 | 619,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,008,000 | 9,196,000 | 9,372,000 | 9,440,000 |
| Total capital | 9,534,000 | 9,756,000 | 10,015,000 | 10,135,000 |
| Risk-weighted assets | 47,877,000 | 52,897,000 | 60,435,000 | 62,653,000 |