Call reports 2003
STERLING BANK — 2003
What STERLING BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 328,248,000 | 355,478,000 | 386,286,000 | 362,981,000 |
| Total loans | 251,156,000 | 261,197,000 | 264,752,000 | 268,545,000 |
| Allowance for loan losses | 3,499,000 | 3,502,000 | 3,380,000 | 3,355,000 |
| Securities available for sale | 38,087,000 | 38,948,000 | 63,999,000 | 40,951,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 282,089,000 | 308,001,000 | 343,296,000 | 319,533,000 |
| Interest-bearing deposits | 241,137,000 | 284,666,000 | 318,065,000 | 290,855,000 |
| Noninterest-bearing deposits | 40,952,000 | 23,335,000 | 25,231,000 | 28,678,000 |
| Equity capital | 26,870,000 | 27,515,000 | 28,170,000 | 29,190,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 4,274,000 | 8,696,000 | 13,003,000 | 17,257,000 |
| Interest expense | 1,224,000 | 2,421,000 | 3,478,000 | 4,482,000 |
| Net interest income | 3,050,000 | 6,275,000 | 9,525,000 | 12,775,000 |
| Noninterest income | 443,000 | 902,000 | 1,348,000 | 1,891,000 |
| Noninterest expense | 1,318,000 | 2,676,000 | 3,993,000 | 5,378,000 |
| Provision for loan losses | 0 | 25,000 | -25,000 | 7,000 |
| Pretax income | 2,175,000 | 4,476,000 | 6,905,000 | 9,281,000 |
| Income tax | 782,000 | 1,609,000 | 2,484,000 | 3,337,000 |
| Net income | 1,393,000 | 2,867,000 | 4,421,000 | 5,944,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,996,000 | 26,580,000 | 27,497,000 | 28,594,000 |
| Total capital | 29,480,000 | 30,082,000 | 30,877,000 | 31,949,000 |
| Risk-weighted assets | 278,720,000 | 293,621,000 | 303,257,000 | 305,641,000 |