Call reports 2021
STERLING FEDERAL BANK, FEDERAL SAVINGS BANK — 2021
What STERLING FEDERAL BANK, FEDERAL SAVINGS BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 502,943,000 | 483,121,000 | 482,451,000 | 472,907,000 |
| Total loans | 230,917,000 | 242,154,000 | 240,192,000 | 239,003,000 |
| Allowance for loan losses | 2,195,000 | 2,107,000 | 2,115,000 | 2,115,000 |
| Securities available for sale | 210,831,000 | 192,279,000 | 188,688,000 | 175,728,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 429,164,000 | 428,683,000 | 427,149,000 | 423,504,000 |
| Interest-bearing deposits | 360,165,000 | 361,051,000 | 362,878,000 | 353,158,000 |
| Noninterest-bearing deposits | 68,999,000 | 67,632,000 | 64,271,000 | 70,346,000 |
| Equity capital | 41,331,000 | 41,904,000 | 42,262,000 | 42,445,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 3,385,000 | 6,808,000 | 10,295,000 | 13,709,000 |
| Interest expense | 579,000 | 1,020,000 | 1,415,000 | 1,759,000 |
| Net interest income | 2,806,000 | 5,788,000 | 8,880,000 | 11,950,000 |
| Noninterest income | 910,000 | 1,735,000 | 2,978,000 | 4,183,000 |
| Noninterest expense | 3,609,000 | 7,766,000 | 11,742,000 | 15,226,000 |
| Provision for loan losses | 20,000 | 20,000 | 21,000 | 60,000 |
| Pretax income | 107,000 | 656,000 | 1,029,000 | 1,769,000 |
| Income tax | -6,000 | 117,000 | 192,000 | 369,000 |
| Net income | 113,000 | 539,000 | 837,000 | 1,400,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,526,000 | 39,140,000 | 39,520,000 | 40,237,000 |
| Total capital | 40,721,000 | 41,247,000 | 41,635,000 | 42,352,000 |
| Risk-weighted assets | 255,221,000 | 257,386,000 | 268,545,000 | 274,137,000 |