Financial Statement
Sterling Bank and Trust, FSB
Statement of Financial Condition - (in 000s)
December 31, 2011 and December 31, 2010
| ASSETS |
Dec. 31, |
Dec. 31, |
||
| Cash and due from financial institutions | $ | 10,989 | $ | 7,812 |
| Time deposits with other financial institutions | 11,914 | 3,212 | ||
| Securities available for sale | 19,979 | 10,709 | ||
| Securities held to maturity | 21,487 | 21,885 | ||
| Federal Home Loan Bank Stock | 9,684 | 11,315 | ||
| Total loans net of allowance for loan losses | 626,881 | 604,514 | ||
| Premises and equipment, net | 3,638 | 3,395 | ||
| Accrued income and other assets | 56,841 | 60,339 | ||
 |
|
|||
| TOTAL ASSETS | $ | 761,413 | $ | 723,181 |
| LIABILITIES |
Dec. 31, |
Dec. 31, |
||
| Demand deposits (noninterest-bearing) | $ | 10,835 | 5,626 | |
| Interest-bearing deposits | 634,229 | 592,219 | ||
| Total deposits | 645,064 | 597,845 | ||
| Federal Home Loan Bank Borrowings | 22,229 | 35,000 | ||
| Principal, interest and escrow balances related to serviced mortgages | 1,332 | 530 | ||
| Accrued interest payable and other liabilities | 9,710 | 10,726 | ||
|
|
|||
| TOTAL LIABILITIES | 678,335 | 644,101 | ||
|
|
|||
| TOTAL SHAREHOLDERS' EQUITY | 83,078 | 79,080 | ||
|
|
|||
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 761,413 | 723,181 | |