Call reports 2023
STERLING FEDERAL BANK, FEDERAL SAVINGS BANK — 2023
What STERLING FEDERAL BANK, FEDERAL SAVINGS BANK 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 | 472,564,000 | 484,446,000 | 492,772,000 | 511,487,000 |
| Total loans | 287,266,000 | 304,653,000 | 321,685,000 | 334,595,000 |
| Allowance for loan losses | 2,459,000 | 2,425,000 | 2,608,000 | 3,778,000 |
| Securities available for sale | 131,983,000 | 126,432,000 | 117,559,000 | 120,309,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 403,270,000 | 396,696,000 | 402,141,000 | 401,502,000 |
| Interest-bearing deposits | 331,827,000 | 327,816,000 | 337,915,000 | 332,322,000 |
| Noninterest-bearing deposits | 71,443,000 | 68,880,000 | 64,226,000 | 69,180,000 |
| Equity capital | 32,040,000 | 31,497,000 | 28,589,000 | 33,506,000 |
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 | 4,332,000 | 8,988,000 | 14,242,000 | 19,819,000 |
| Interest expense | 865,000 | 1,985,000 | 3,709,000 | 5,753,000 |
| Net interest income | 3,467,000 | 7,003,000 | 10,533,000 | 14,066,000 |
| Noninterest income | 815,000 | 1,706,000 | 2,490,000 | 3,383,000 |
| Noninterest expense | 4,113,000 | 7,876,000 | 11,821,000 | 15,515,000 |
| Provision for loan losses | 99,000 | 278,000 | 457,000 | 670,000 |
| Pretax income | -74,000 | 406,000 | 625,000 | 1,147,000 |
| Income tax | -54,000 | 49,000 | 79,000 | 195,000 |
| Net income | -20,000 | 357,000 | 546,000 | 952,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,704,000 | 42,883,000 | 43,133,000 | 43,499,000 |
| Total capital | 45,163,000 | 45,308,000 | 45,741,000 | 46,599,000 |
| Risk-weighted assets | 317,153,000 | 329,745,000 | 343,737,000 | 356,228,000 |