Call reports 2010
STERLING BANK — 2010
What STERLING BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 |
|---|---|---|
| Total assets | 368,938,000 | 357,218,000 |
| Total loans | 296,186,000 | 284,074,000 |
| Allowance for loan losses | 9,235,000 | 8,444,000 |
| Securities available for sale | 28,652,000 | 26,291,000 |
| Securities held to maturity | 7,301,000 | 6,221,000 |
| Trading assets | 0 | 0 |
| Total deposits | 331,115,000 | 320,204,000 |
| Interest-bearing deposits | 296,598,000 | 285,788,000 |
| Noninterest-bearing deposits | 34,517,000 | 34,417,000 |
| Equity capital | 22,243,000 | 21,555,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 |
|---|---|---|
| Interest income | 4,478,000 | 8,783,000 |
| Interest expense | 1,354,000 | 2,584,000 |
| Net interest income | 3,124,000 | 6,199,000 |
| Noninterest income | 22,000 | 0 |
| Noninterest expense | 3,474,000 | 7,000,000 |
| Provision for loan losses | 550,000 | 1,125,000 |
| Pretax income | -868,000 | -1,916,000 |
| Income tax | 0 | 0 |
| Net income | -868,000 | -1,916,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 |
|---|---|---|
| Tier 1 capital | 20,153,000 | 19,204,000 |
| Total capital | 23,739,000 | 22,652,000 |
| Risk-weighted assets | 281,144,000 | 270,758,000 |