Call reports 2024
STERLING BANK AND TRUST, FSB — 2024
What STERLING BANK AND TRUST, FSB reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 2,413,962,000 | 2,374,143,000 | 2,426,016,000 | 2,425,209,000 |
| Total loans | 1,303,672,000 | 1,264,258,000 | 1,223,820,000 | 1,155,835,000 |
| Allowance for loan losses | 29,257,000 | 27,556,000 | 24,970,000 | 20,805,000 |
| Securities available for sale | 394,851,000 | 441,930,000 | 436,408,000 | 338,104,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,019,283,000 | 2,028,043,000 | 2,075,626,000 | 2,074,626,000 |
| Interest-bearing deposits | 1,974,923,000 | 1,985,489,000 | 2,044,517,000 | 2,036,345,000 |
| Noninterest-bearing deposits | 44,360,000 | 42,554,000 | 31,109,000 | 38,281,000 |
| Equity capital | 314,555,000 | 317,784,000 | 322,040,000 | 323,474,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 33,282,000 | 67,146,000 | 101,460,000 | 134,956,000 |
| Interest expense | 18,373,000 | 37,854,000 | 58,618,000 | 78,755,000 |
| Net interest income | 14,909,000 | 29,292,000 | 42,842,000 | 56,201,000 |
| Noninterest income | 270,000 | 736,000 | 1,001,000 | 1,256,000 |
| Noninterest expense | 13,915,000 | 27,153,000 | 40,994,000 | 54,283,000 |
| Provision for loan losses | -147,000 | -2,288,000 | -4,884,000 | -9,051,000 |
| Pretax income | 1,176,000 | 4,847,000 | 7,319,000 | 11,668,000 |
| Income tax | 295,000 | 1,402,000 | 2,732,000 | 3,849,000 |
| Net income | 881,000 | 3,445,000 | 4,587,000 | 7,819,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 328,531,000 | 331,806,000 | 332,738,000 | 336,751,000 |