Call reports 2016
STERLING BANK — 2016
What STERLING BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 1,140,793,000 | 1,178,018,000 | 1,405,960,000 | 1,401,648,000 |
| Total loans | 832,147,000 | 881,680,000 | 963,580,000 | 947,577,000 |
| Allowance for loan losses | 7,909,000 | 7,913,000 | 7,913,000 | 9,443,000 |
| Securities available for sale | 27,137,000 | 30,165,000 | 30,159,000 | 28,027,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 943,428,000 | 979,913,000 | 1,205,894,000 | 1,238,877,000 |
| Interest-bearing deposits | 873,580,000 | 913,065,000 | 1,133,827,000 | 1,154,076,000 |
| Noninterest-bearing deposits | 69,848,000 | 66,848,000 | 72,068,000 | 84,801,000 |
| Equity capital | 129,376,000 | 129,261,000 | 132,202,000 | 133,296,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 12,279,000 | 23,786,000 | 37,147,000 | 49,230,000 |
| Interest expense | 2,225,000 | 4,530,000 | 7,188,000 | 9,925,000 |
| Net interest income | 10,054,000 | 19,256,000 | 29,959,000 | 39,305,000 |
| Noninterest income | 983,000 | 1,205,000 | 2,610,000 | 3,066,000 |
| Noninterest expense | 5,197,000 | 10,276,000 | 15,555,000 | 21,982,000 |
| Provision for loan losses | 0 | 0 | 0 | 1,500,000 |
| Pretax income | 5,840,000 | 10,185,000 | 17,014,000 | 18,889,000 |
| Income tax | 2,035,000 | 3,407,000 | 5,406,000 | 5,817,000 |
| Net income | 3,805,000 | 6,778,000 | 11,608,000 | 13,072,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 125,875,000 | 115,194,000 | 120,279,000 | 119,465,000 |
| Total capital | 133,784,000 | 123,108,000 | 128,192,000 | 128,908,000 |
| Risk-weighted assets | 957,797,000 | 961,938,000 | 1,063,622,000 | 1,044,478,000 |