Call reports 2007
STERLING BANK — 2007
What STERLING BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 497,329,000 | 533,999,000 | 539,997,000 | 541,744,000 |
| Total loans | 431,694,000 | 433,399,000 | 437,880,000 | 436,881,000 |
| Allowance for loan losses | 5,395,000 | 4,875,000 | 4,776,000 | 4,634,000 |
| Securities available for sale | 50,695,000 | 86,455,000 | 84,598,000 | 89,715,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 391,327,000 | 440,678,000 | 432,738,000 | 440,590,000 |
| Interest-bearing deposits | 343,232,000 | 371,934,000 | 411,191,000 | 414,534,000 |
| Noninterest-bearing deposits | 48,095,000 | 68,744,000 | 21,547,000 | 26,056,000 |
| Equity capital | 45,603,000 | 48,151,000 | 48,095,000 | 50,346,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 9,026,000 | 18,546,000 | 28,231,000 | 37,594,000 |
| Interest expense | 4,042,000 | 8,394,000 | 12,821,000 | 16,826,000 |
| Net interest income | 4,984,000 | 10,152,000 | 15,410,000 | 20,768,000 |
| Noninterest income | 813,000 | 1,613,000 | 2,410,000 | 3,276,000 |
| Noninterest expense | 1,971,000 | 4,066,000 | 6,119,000 | 8,078,000 |
| Provision for loan losses | 25,000 | -477,000 | -248,000 | -325,000 |
| Pretax income | 3,801,000 | 8,176,000 | 11,949,000 | 16,291,000 |
| Income tax | 1,411,000 | 3,040,000 | 4,446,000 | 6,165,000 |
| Net income | 2,390,000 | 5,136,000 | 7,503,000 | 10,126,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 45,611,000 | 48,396,000 | 47,857,000 | 49,744,000 |
| Total capital | 51,006,000 | 53,271,000 | 52,633,000 | 54,378,000 |
| Risk-weighted assets | 489,246,000 | 495,212,000 | 506,964,000 | 505,523,000 |