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 | 393,909,000 | 383,111,000 | 387,469,000 | 378,675,000 |
| Total loans | 311,828,000 | 309,422,000 | 302,108,000 | 305,728,000 |
| Allowance for loan losses | 2,671,000 | 2,974,000 | 3,015,000 | 8,531,000 |
| Securities available for sale | 23,827,000 | 22,219,000 | 18,574,000 | 24,097,000 |
| Securities held to maturity | 6,277,000 | 5,758,000 | 20,515,000 | 19,784,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 343,187,000 | 333,117,000 | 322,483,000 | 329,453,000 |
| Interest-bearing deposits | 301,570,000 | 293,681,000 | 282,685,000 | 292,720,000 |
| Noninterest-bearing deposits | 41,617,000 | 39,436,000 | 39,798,000 | 36,733,000 |
| Equity capital | 47,986,000 | 47,538,000 | 47,674,000 | 32,050,000 |
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 | 6,053,000 | 11,664,000 | 17,155,000 | 22,378,000 |
| Interest expense | 2,811,000 | 5,088,000 | 7,104,000 | 9,217,000 |
| Net interest income | 3,242,000 | 6,576,000 | 10,051,000 | 13,161,000 |
| Noninterest income | 190,000 | 376,000 | 628,000 | 770,000 |
| Noninterest expense | 3,519,000 | 7,096,000 | 10,414,000 | 26,179,000 |
| Provision for loan losses | 0 | 400,000 | 505,000 | 6,090,000 |
| Pretax income | 6,000 | -449,000 | -145,000 | -18,243,000 |
| Income tax | 2,000 | -171,000 | -55,000 | -2,467,000 |
| Net income | 4,000 | -278,000 | -90,000 | -15,776,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,023,000 | 32,827,000 | 33,102,000 | 28,258,000 |
| Total capital | 35,772,000 | 35,866,000 | 36,185,000 | 32,134,000 |
| Risk-weighted assets | 318,066,000 | 309,396,000 | 307,624,000 | 305,348,000 |