Call reports 2023
STERLING BANK AND TRUST, FSB — 2023
What STERLING BANK AND TRUST, FSB reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 2,410,201,000 | 2,529,912,000 | 2,445,696,000 | 2,416,499,000 |
| Total loans | 1,590,384,000 | 1,485,390,000 | 1,416,649,000 | 1,348,940,000 |
| Allowance for loan losses | 38,565,000 | 36,153,000 | 34,267,000 | 29,404,000 |
| Securities available for sale | 342,534,000 | 334,508,000 | 398,303,000 | 419,213,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,941,499,000 | 2,152,116,000 | 2,061,855,000 | 2,022,900,000 |
| Interest-bearing deposits | 1,877,624,000 | 2,001,975,000 | 2,009,734,000 | 1,973,156,000 |
| Noninterest-bearing deposits | 63,875,000 | 150,141,000 | 52,121,000 | 49,744,000 |
| Equity capital | 390,050,000 | 304,284,000 | 303,699,000 | 313,718,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 29,424,000 | 60,984,000 | 93,860,000 | 126,788,000 |
| Interest expense | 10,080,000 | 23,681,000 | 40,358,000 | 58,212,000 |
| Net interest income | 19,344,000 | 37,303,000 | 53,502,000 | 68,576,000 |
| Noninterest income | 277,000 | 2,355,000 | 2,670,000 | 2,837,000 |
| Noninterest expense | 18,567,000 | 33,724,000 | 50,064,000 | 65,162,000 |
| Provision for loan losses | 783,000 | -2,031,000 | -3,918,000 | -8,845,000 |
| Pretax income | 449,000 | 8,160,000 | 10,139,000 | 14,726,000 |
| Income tax | 223,000 | 2,457,000 | 3,135,000 | 4,271,000 |
| Net income | 226,000 | 5,703,000 | 7,004,000 | 10,455,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 406,705,000 | 322,532,000 | 321,593,000 | 328,363,000 |