Call reports 2024
STERLING BANK — 2024
What STERLING BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 1,385,405,000 | 1,375,447,000 | 1,421,065,000 | 1,417,492,000 |
| Total loans | 966,475,000 | 994,331,000 | 954,251,000 | 963,065,000 |
| Allowance for loan losses | 13,631,000 | 13,797,000 | 13,747,000 | 12,803,000 |
| Securities available for sale | 43,891,000 | 47,168,000 | 52,039,000 | 52,610,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,198,868,000 | 1,187,389,000 | 1,230,956,000 | 1,229,856,000 |
| Interest-bearing deposits | 1,064,696,000 | 1,052,420,000 | 1,094,455,000 | 1,091,843,000 |
| Noninterest-bearing deposits | 134,172,000 | 134,969,000 | 136,501,000 | 138,013,000 |
| Equity capital | 164,974,000 | 167,343,000 | 168,925,000 | 169,238,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 21,581,000 | 44,791,000 | 67,286,000 | 91,204,000 |
| Interest expense | 8,953,000 | 17,896,000 | 27,353,000 | 36,620,000 |
| Net interest income | 12,628,000 | 26,895,000 | 39,933,000 | 54,584,000 |
| Noninterest income | 825,000 | 1,592,000 | 2,393,000 | 3,180,000 |
| Noninterest expense | 7,521,000 | 15,136,000 | 23,208,000 | 31,225,000 |
| Provision for loan losses | 0 | 60,000 | 60,000 | 1,110,000 |
| Pretax income | 5,932,000 | 13,291,000 | 19,058,000 | 25,429,000 |
| Income tax | 903,000 | 2,364,000 | 3,291,000 | 4,432,000 |
| Net income | 5,029,000 | 10,927,000 | 15,767,000 | 20,997,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 164,101,000 | 166,151,000 | 166,709,000 | 168,376,000 |
| Total capital | 175,514,000 | 177,933,000 | 178,106,000 | 179,898,000 |
| Risk-weighted assets | 910,629,000 | 940,583,000 | 909,426,000 | 920,461,000 |