Call reports 2010
STERLING BANK — 2010
What STERLING BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 181,663,000 | 189,489,000 | 217,651,000 | 257,243,000 |
| Total loans | 130,792,000 | 135,769,000 | 150,993,000 | 175,701,000 |
| Allowance for loan losses | 1,388,000 | 1,443,000 | 1,594,000 | 2,538,000 |
| Securities available for sale | 8,243,000 | 6,426,000 | 3,999,000 | 3,999,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 130,946,000 | 142,415,000 | 165,429,000 | 203,744,000 |
| Interest-bearing deposits | 115,835,000 | 124,859,000 | 141,173,000 | 171,597,000 |
| Noninterest-bearing deposits | 15,111,000 | 17,556,000 | 24,257,000 | 32,147,000 |
| Equity capital | 18,990,000 | 19,351,000 | 24,748,000 | 24,810,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 2,080,000 | 4,611,000 | 7,445,000 | 10,657,000 |
| Interest expense | 729,000 | 1,460,000 | 2,238,000 | 3,084,000 |
| Net interest income | 1,351,000 | 3,151,000 | 5,207,000 | 7,573,000 |
| Noninterest income | 200,000 | 468,000 | 713,000 | 660,000 |
| Noninterest expense | 979,000 | 2,031,000 | 3,246,000 | 4,882,000 |
| Provision for loan losses | 0 | 135,000 | 388,000 | 1,365,000 |
| Pretax income | 572,000 | 1,502,000 | 2,695,000 | 2,395,000 |
| Income tax | 105,000 | 365,000 | 760,000 | 410,000 |
| Net income | 467,000 | 1,137,000 | 1,935,000 | 1,985,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,668,000 | 19,048,000 | 24,748,000 | 24,810,000 |
| Total capital | 20,057,000 | 20,491,000 | 26,342,000 | 27,349,000 |
| Risk-weighted assets | 142,818,000 | 151,059,000 | 167,618,000 | 207,692,000 |