Call reports 2020
STERLING FEDERAL BANK, FEDERAL SAVINGS BANK — 2020
What STERLING FEDERAL BANK, FEDERAL SAVINGS BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 461,938,000 | 479,120,000 | 487,500,000 | 487,362,000 |
| Total loans | 237,264,000 | 247,190,000 | 234,905,000 | 231,660,000 |
| Allowance for loan losses | 2,040,000 | 2,116,000 | 2,115,000 | 2,168,000 |
| Securities available for sale | 166,800,000 | 167,247,000 | 190,661,000 | 194,988,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 369,659,000 | 382,894,000 | 390,654,000 | 412,125,000 |
| Interest-bearing deposits | 316,840,000 | 323,689,000 | 326,137,000 | 341,290,000 |
| Noninterest-bearing deposits | 52,819,000 | 59,205,000 | 64,517,000 | 70,835,000 |
| Equity capital | 42,001,000 | 42,987,000 | 43,136,000 | 42,839,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 3,927,000 | 7,646,000 | 11,098,000 | 14,358,000 |
| Interest expense | 946,000 | 1,779,000 | 2,602,000 | 3,261,000 |
| Net interest income | 2,981,000 | 5,867,000 | 8,496,000 | 11,097,000 |
| Noninterest income | 638,000 | 1,951,000 | 2,971,000 | 3,943,000 |
| Noninterest expense | 3,419,000 | 6,938,000 | 11,097,000 | 15,091,000 |
| Provision for loan losses | 41,000 | 168,000 | 197,000 | 261,000 |
| Pretax income | 149,000 | 1,004,000 | 471,000 | 765,000 |
| Income tax | -2,000 | 203,000 | 19,000 | 66,000 |
| Net income | 151,000 | 801,000 | 452,000 | 699,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 37,988,000 | 38,817,000 | 38,293,000 | 38,398,000 |
| Total capital | 40,028,000 | 40,933,000 | 40,408,000 | 40,566,000 |
| Risk-weighted assets | 245,741,000 | 241,647,000 | 243,387,000 | 245,033,000 |