Call reports 2007
STERLING BANK — 2007
What STERLING BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 86,830,000 | 103,795,000 | 100,741,000 | 103,390,000 |
| Total loans | 59,701,000 | 60,930,000 | 66,457,000 | 74,644,000 |
| Allowance for loan losses | 759,000 | 760,000 | 826,000 | 812,000 |
| Securities available for sale | 18,838,000 | 21,968,000 | 21,321,000 | 20,847,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 70,334,000 | 86,991,000 | 77,769,000 | 80,168,000 |
| Interest-bearing deposits | 63,366,000 | 78,996,000 | 70,458,000 | 71,913,000 |
| Noninterest-bearing deposits | 6,968,000 | 7,995,000 | 7,311,000 | 8,255,000 |
| Equity capital | 9,782,000 | 9,832,000 | 15,192,000 | 15,483,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,523,000 | 3,259,000 | 5,109,000 | 6,936,000 |
| Interest expense | 648,000 | 1,350,000 | 2,106,000 | 2,835,000 |
| Net interest income | 875,000 | 1,909,000 | 3,003,000 | 4,101,000 |
| Noninterest income | 124,000 | 246,000 | 341,000 | 468,000 |
| Noninterest expense | 541,000 | 1,122,000 | 2,067,000 | 3,156,000 |
| Provision for loan losses | 68,000 | 68,000 | 129,000 | 159,000 |
| Pretax income | 390,000 | 965,000 | 1,148,000 | 1,254,000 |
| Income tax | 145,000 | 357,000 | 433,000 | 475,000 |
| Net income | 245,000 | 594,000 | 715,000 | 779,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,733,000 | 10,096,000 | 15,233,000 | 15,311,000 |
| Total capital | 10,492,000 | 10,856,000 | 16,058,000 | 16,122,000 |
| Risk-weighted assets | 67,170,000 | 72,112,000 | 75,062,000 | 79,786,000 |