Call reports 2008
STERLING BANK — 2008
What STERLING 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 | 539,267,000 | 522,973,000 | 532,090,000 | 689,348,000 |
| Total loans | 429,141,000 | 432,380,000 | 430,700,000 | 447,945,000 |
| Allowance for loan losses | 4,837,000 | 7,463,000 | 8,169,000 | 6,085,000 |
| Securities available for sale | 93,085,000 | 76,752,000 | 88,739,000 | 83,832,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 421,368,000 | 396,597,000 | 430,021,000 | 609,260,000 |
| Interest-bearing deposits | 389,167,000 | 361,741,000 | 394,043,000 | 401,650,000 |
| Noninterest-bearing deposits | 32,201,000 | 34,856,000 | 35,978,000 | 207,610,000 |
| Equity capital | 52,286,000 | 49,142,000 | 48,271,000 | 51,222,000 |
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 | 8,382,000 | 15,677,000 | 22,944,000 | 29,832,000 |
| Interest expense | 3,393,000 | 5,550,000 | 7,719,000 | 9,932,000 |
| Net interest income | 4,989,000 | 10,127,000 | 15,225,000 | 19,900,000 |
| Noninterest income | 856,000 | 1,847,000 | 2,678,000 | 3,514,000 |
| Noninterest expense | 2,109,000 | 4,410,000 | 6,456,000 | 8,513,000 |
| Provision for loan losses | 85,000 | 3,357,000 | 4,444,000 | 6,755,000 |
| Pretax income | 3,651,000 | 4,207,000 | 7,003,000 | 8,146,000 |
| Income tax | 1,347,000 | 1,531,000 | 2,561,000 | 2,983,000 |
| Net income | 2,304,000 | 2,676,000 | 4,442,000 | 5,163,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 50,929,000 | 48,759,000 | 47,950,000 | 49,123,000 |
| Total capital | 55,766,000 | 54,981,000 | 54,203,000 | 55,281,000 |
| Risk-weighted assets | 500,520,000 | 496,390,000 | 498,199,000 | 531,457,000 |