Call reports 2024
STERLING FEDERAL BANK, FEDERAL SAVINGS BANK — 2024
What STERLING FEDERAL BANK, FEDERAL SAVINGS BANK 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 | 514,975,000 | 523,528,000 | 553,185,000 | 534,311,000 |
| Total loans | 347,613,000 | 359,217,000 | 377,689,000 | 367,779,000 |
| Allowance for loan losses | 4,532,000 | 4,990,000 | 5,319,000 | 6,927,000 |
| Securities available for sale | 116,067,000 | 112,212,000 | 112,854,000 | 104,751,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 400,550,000 | 391,996,000 | 413,136,000 | 407,418,000 |
| Interest-bearing deposits | 329,930,000 | 324,576,000 | 346,169,000 | 341,455,000 |
| Noninterest-bearing deposits | 70,620,000 | 67,420,000 | 66,967,000 | 65,963,000 |
| Equity capital | 32,650,000 | 33,009,000 | 36,484,000 | 33,971,000 |
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 | 5,629,000 | 11,829,000 | 18,622,000 | 25,231,000 |
| Interest expense | 2,189,000 | 4,481,000 | 7,171,000 | 9,753,000 |
| Net interest income | 3,440,000 | 7,348,000 | 11,451,000 | 15,478,000 |
| Noninterest income | 778,000 | 1,564,000 | 2,244,000 | 2,995,000 |
| Noninterest expense | 4,051,000 | 7,784,000 | 12,121,000 | 16,085,000 |
| Provision for loan losses | 870,000 | 1,324,000 | 1,661,000 | 3,265,000 |
| Pretax income | -694,000 | -190,000 | -48,000 | -884,000 |
| Income tax | -230,000 | -141,000 | -41,000 | -307,000 |
| Net income | -464,000 | -49,000 | -7,000 | -577,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,799,000 | 43,435,000 | 43,608,000 | 42,544,000 |
| Total capital | 46,640,000 | 47,734,000 | 48,223,000 | 47,420,000 |
| Risk-weighted assets | 371,974,000 | 382,046,000 | 394,516,000 | 390,686,000 |