Call reports 2022
STERLING FEDERAL BANK, FEDERAL SAVINGS BANK — 2022
What STERLING FEDERAL BANK, FEDERAL SAVINGS BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 468,733,000 | 468,442,000 | 464,238,000 | 468,066,000 |
| Total loans | 257,014,000 | 266,229,000 | 272,194,000 | 276,884,000 |
| Allowance for loan losses | 2,155,000 | 2,300,000 | 2,348,000 | 2,413,000 |
| Securities available for sale | 164,675,000 | 149,193,000 | 136,619,000 | 134,624,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 425,299,000 | 415,576,000 | 420,717,000 | 410,195,000 |
| Interest-bearing deposits | 354,670,000 | 348,426,000 | 351,973,000 | 341,622,000 |
| Noninterest-bearing deposits | 70,629,000 | 67,150,000 | 68,744,000 | 68,573,000 |
| Equity capital | 34,690,000 | 29,733,000 | 26,068,000 | 29,228,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 3,414,000 | 7,186,000 | 11,141,000 | 15,294,000 |
| Interest expense | 310,000 | 616,000 | 1,006,000 | 1,550,000 |
| Net interest income | 3,104,000 | 6,570,000 | 10,135,000 | 13,744,000 |
| Noninterest income | 924,000 | 1,751,000 | 3,213,000 | 4,146,000 |
| Noninterest expense | 3,639,000 | 7,219,000 | 10,989,000 | 14,724,000 |
| Provision for loan losses | 57,000 | 204,000 | 245,000 | 263,000 |
| Pretax income | 328,000 | 869,000 | 2,075,000 | 2,714,000 |
| Income tax | 62,000 | 184,000 | 505,000 | 657,000 |
| Net income | 266,000 | 685,000 | 1,570,000 | 2,057,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 40,584,000 | 41,088,000 | 42,292,000 | 42,922,000 |
| Total capital | 42,739,000 | 43,388,000 | 44,640,000 | 45,335,000 |
| Risk-weighted assets | 290,094,000 | 295,988,000 | 302,838,000 | 310,400,000 |