Call reports 2008
STERLING STATE BANK — 2008
What STERLING STATE 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 | 266,703,000 | 262,405,000 | 253,237,000 | 274,198,000 |
| Total loans | 200,010,000 | 208,432,000 | 214,952,000 | 217,907,000 |
| Allowance for loan losses | 2,472,000 | 2,435,000 | 2,280,000 | 2,413,000 |
| Securities available for sale | 6,894,000 | 6,031,000 | 8,028,000 | 7,903,000 |
| Securities held to maturity | 6,555,000 | 6,555,000 | 6,454,000 | 5,453,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 217,332,000 | 210,710,000 | 199,006,000 | 220,351,000 |
| Interest-bearing deposits | 183,558,000 | 178,652,000 | 166,851,000 | 192,101,000 |
| Noninterest-bearing deposits | 33,774,000 | 32,058,000 | 32,156,000 | 28,251,000 |
| Equity capital | 24,429,000 | 24,834,000 | 25,088,000 | 24,995,000 |
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 | 3,956,000 | 7,874,000 | 11,704,000 | 15,491,000 |
| Interest expense | 1,438,000 | 2,678,000 | 3,882,000 | 5,097,000 |
| Net interest income | 2,518,000 | 5,196,000 | 7,822,000 | 10,394,000 |
| Noninterest income | 542,000 | 1,086,000 | 1,633,000 | 2,240,000 |
| Noninterest expense | 2,920,000 | 5,711,000 | 8,427,000 | 10,921,000 |
| Provision for loan losses | 0 | 0 | 203,000 | 463,000 |
| Pretax income | 139,000 | 570,000 | 824,000 | 1,249,000 |
| Income tax | 5,000 | 5,000 | 5,000 | 5,000 |
| Net income | 134,000 | 565,000 | 819,000 | 1,244,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,416,000 | 24,847,000 | 25,101,000 | 24,982,000 |
| Total capital | 26,888,000 | 27,282,000 | 27,381,000 | 27,395,000 |
| Risk-weighted assets | 231,280,000 | 235,351,000 | 237,680,000 | 239,295,000 |