Call reports 2002
STERLING BANK — 2002
What STERLING BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 285,687,000 | 291,658,000 | 302,801,000 | 362,967,000 |
| Total loans | 232,034,000 | 237,119,000 | 243,998,000 | 249,605,000 |
| Allowance for loan losses | 3,066,000 | 3,123,000 | 3,317,000 | 3,496,000 |
| Securities available for sale | 44,463,000 | 42,795,000 | 39,788,000 | 36,618,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 216,730,000 | 245,601,000 | 256,372,000 | 322,074,000 |
| Interest-bearing deposits | 186,927,000 | 214,800,000 | 220,240,000 | 265,328,000 |
| Noninterest-bearing deposits | 29,803,000 | 30,801,000 | 36,132,000 | 56,746,000 |
| Equity capital | 24,785,000 | 25,006,000 | 25,063,000 | 26,573,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 4,755,000 | 9,439,000 | 14,205,000 | 18,837,000 |
| Interest expense | 1,354,000 | 2,736,000 | 4,174,000 | 5,469,000 |
| Net interest income | 3,401,000 | 6,703,000 | 10,031,000 | 13,368,000 |
| Noninterest income | 342,000 | 698,000 | 1,089,000 | 1,484,000 |
| Noninterest expense | 1,346,000 | 2,734,000 | 4,141,000 | 5,605,000 |
| Provision for loan losses | 130,000 | 442,000 | 707,000 | 987,000 |
| Pretax income | 2,267,000 | 4,225,000 | 6,272,000 | 8,260,000 |
| Income tax | 823,000 | 1,530,000 | 2,268,000 | 2,976,000 |
| Net income | 1,444,000 | 2,695,000 | 4,004,000 | 5,284,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,266,000 | 24,071,000 | 23,935,000 | 25,603,000 |
| Total capital | 27,103,000 | 26,989,000 | 27,217,000 | 29,099,000 |
| Risk-weighted assets | 226,721,000 | 233,218,000 | 262,508,000 | 283,107,000 |