Call reports 2024
STERLING STATE BANK — 2024
What STERLING STATE 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 | 533,946,000 | 509,880,000 | 534,756,000 | 491,040,000 |
| Total loans | 273,906,000 | 279,312,000 | 289,224,000 | 296,549,000 |
| Allowance for loan losses | 3,405,000 | 3,406,000 | 3,341,000 | 3,337,000 |
| Securities available for sale | 196,944,000 | 192,541,000 | 193,753,000 | 172,645,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 369,467,000 | 336,403,000 | 353,676,000 | 358,878,000 |
| Interest-bearing deposits | 270,689,000 | 244,250,000 | 260,854,000 | 261,320,000 |
| Noninterest-bearing deposits | 98,778,000 | 92,153,000 | 92,822,000 | 97,558,000 |
| Equity capital | 18,509,000 | 19,367,000 | 25,674,000 | 21,824,000 |
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 | 5,213,000 | 10,251,000 | 15,480,000 | 20,985,000 |
| Interest expense | 2,475,000 | 4,732,000 | 7,119,000 | 9,501,000 |
| Net interest income | 2,738,000 | 5,519,000 | 8,361,000 | 11,484,000 |
| Noninterest income | 457,000 | 917,000 | 1,397,000 | 1,881,000 |
| Noninterest expense | 2,923,000 | 5,775,000 | 8,684,000 | 11,804,000 |
| Provision for loan losses | 0 | 0 | -65,000 | -69,000 |
| Pretax income | 272,000 | 661,000 | 1,074,000 | 1,509,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 272,000 | 661,000 | 1,074,000 | 1,509,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,399,000 | 36,835,000 | 36,793,000 | 37,167,000 |
| Total capital | 39,804,000 | 40,241,000 | 40,199,000 | 40,574,000 |
| Risk-weighted assets | 293,200,000 | 296,617,000 | 299,080,000 | 303,053,000 |