Call reports 2020
STERLING BANK — 2020
What STERLING BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,241,797,000 | 1,296,643,000 | 1,273,184,000 | 1,339,412,000 |
| Total loans | 930,714,000 | 964,710,000 | 1,008,010,000 | 1,013,998,000 |
| Allowance for loan losses | 12,744,000 | 12,055,000 | 12,228,000 | 13,846,000 |
| Securities available for sale | 43,216,000 | 50,773,000 | 48,792,000 | 47,981,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,061,735,000 | 1,113,633,000 | 1,089,472,000 | 1,158,800,000 |
| Interest-bearing deposits | 967,242,000 | 971,083,000 | 964,390,000 | 1,012,636,000 |
| Noninterest-bearing deposits | 94,493,000 | 142,550,000 | 125,082,000 | 146,164,000 |
| Equity capital | 149,405,000 | 151,317,000 | 151,545,000 | 151,030,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 14,083,000 | 28,802,000 | 43,342,000 | 59,010,000 |
| Interest expense | 4,202,000 | 7,764,000 | 10,963,000 | 13,986,000 |
| Net interest income | 9,881,000 | 21,038,000 | 32,379,000 | 45,024,000 |
| Noninterest income | 568,000 | 2,552,000 | 3,343,000 | 3,980,000 |
| Noninterest expense | 5,487,000 | 11,717,000 | 17,404,000 | 23,645,000 |
| Provision for loan losses | 54,000 | 871,000 | 1,068,000 | 3,226,000 |
| Pretax income | 5,259,000 | 11,353,000 | 17,601,000 | 22,484,000 |
| Income tax | 1,069,000 | 1,946,000 | 3,274,000 | 4,251,000 |
| Net income | 4,190,000 | 9,407,000 | 14,327,000 | 18,233,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 135,992,000 | 138,028,000 | 138,261,000 | 139,610,000 |
| Total capital | 148,031,000 | 149,857,000 | 150,489,000 | 152,290,000 |
| Risk-weighted assets | 962,389,000 | 946,121,000 | 994,932,000 | 1,013,271,000 |