Call reports 2008
STERLING BANK — 2008
What STERLING BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 137,068,000 | 135,865,000 | 161,834,000 | 174,353,000 |
| Total loans | 79,704,000 | 86,652,000 | 99,033,000 | 110,790,000 |
| Allowance for loan losses | 819,000 | 874,000 | 997,000 | 1,135,000 |
| Securities available for sale | 41,768,000 | 40,600,000 | 39,768,000 | 39,227,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 88,706,000 | 84,625,000 | 108,706,000 | 110,184,000 |
| Interest-bearing deposits | 79,942,000 | 75,845,000 | 99,897,000 | 100,621,000 |
| Noninterest-bearing deposits | 8,764,000 | 8,780,000 | 8,809,000 | 9,563,000 |
| Equity capital | 16,211,000 | 15,715,000 | 16,404,000 | 16,984,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,127,000 | 4,096,000 | 6,408,000 | 8,791,000 |
| Interest expense | 863,000 | 1,632,000 | 2,472,000 | 3,397,000 |
| Net interest income | 1,264,000 | 2,464,000 | 3,936,000 | 5,394,000 |
| Noninterest income | 287,000 | 476,000 | 633,000 | 795,000 |
| Noninterest expense | 890,000 | 1,753,000 | 2,771,000 | 3,987,000 |
| Provision for loan losses | 67,000 | 144,000 | 267,000 | 405,000 |
| Pretax income | 594,000 | 1,054,000 | 1,542,000 | 1,808,000 |
| Income tax | 224,000 | 397,000 | 580,000 | 678,000 |
| Net income | 370,000 | 657,000 | 962,000 | 1,130,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,692,000 | 15,990,000 | 16,305,000 | 16,485,000 |
| Total capital | 16,512,000 | 16,864,000 | 17,302,000 | 17,621,000 |
| Risk-weighted assets | 92,003,000 | 95,239,000 | 109,045,000 | 119,203,000 |