Sterling Bank in city_name, state_name - Detailed Financial Reports, Location

Sterling Bank in Montgomery, Alabama (AL)
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Sterling Bank - Overview

General
FDIC Certificate #: 21194
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Synovus Bank (#873)
Federal Reserve ID: 1366909
Date Established: August 21, 1973
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 14656
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: August 21, 1973
Last Structure Change Effective Date: June 01, 2010
Last Structure Change Process Date: June 15, 2010
Last Data Update: June 15, 2010
Data Source Date: April 05, 2012
Location
Address: 4121 Carmichael Road, Montgomery, AL 36101
County: Montgomery
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Montgomery
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Montgomery, AL (#5240)
Combined Statistical Area (CSA): Montgomery-Alexander City, AL (#388)
Core Based Statistical Area (CBSA): Montgomery, AL (#33860)
CBSA Metro Statistical Area: Montgomery, AL (#33860)
Financial Summary
Total assets: $617.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2009)

Dollar figures in thousands
62Total employees (full-time equivalent)
$675,970Total assets
$13,755Cash and due from depository institutions
$0Interest-bearing balances
$64,416Securities
$210,246Federal funds sold & reverse repurchase agreements
$374,456Net loans & leases
$7,841Loan loss allowance
$0Trading account assets
$1,375Bank premises and fixed assets
$1,602Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$10,120All other assets
$675,970Total liabilities and capital
$613,893Total liabilities
$596,815Total deposits
$376,858Interest-bearing deposits
$596,815Deposits held in domestic offices
49.15%% insured (estimated)
$15,125Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,953All other liabilities
$62,077Total equity capital
$62,077Total bank equity capital
$58,228Perpetual preferred stock
$0Common stock
$1Surplus
$23,434Undivided profits
Memoranda
$34,793Noncurrent loans and leases
$77,616Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,849Income earned, not collected on loans
$14,982Earning assets
$0Long-term assets (5+ years)
$2,158Average Assets, year-to-date
$649,118Average Assets, quarterly
$71,657Volatile liabilities
$724,099Insider loans
$649,484FHLB advances
$95,189Loans and leases held for sale
$7,234Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$77,616Total unused commitments
$202Restructured Loans and leases
$5,493Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$25,696Total interest income
$6,508Total interest expense
$19,188Net interest income
$8,637Provision for loan and lease losses
$2,099Total noninterest income
$0Fiduciary activities
$1,813Service charges on deposit accounts
$0Trading account gains & fees
$286Additional noninterest income
$12,274Total noninterest expense
$4,445Salaries and employee benefits
$766Premises and equipment expense
$7,063Additional noninterest expense
$376Pre-tax net operating income
$552Securities gains (losses)
$314Applicable income taxes
$614Income before extraordinary items
$0Extraordinary gains - net
$1,423Net income attributable to bank
-$809Net charge-offs
$614Cash dividends
$6,882Sale, conversion, retirement of capital stock, net
$2,890Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
3.69%Yield on earning assets
0.93%Cost of funding earning assets
2.76%Net interest margin
0.30%Noninterest income to earning assets
1.76%Noninterest expense to earning assets
0.03%Net operating income to assets
0.20%Return on assets (ROA)
0.24%Pretax return on assets
2.48%Return on equity (ROE)
-2.56%Retained earnings to average equity (YTD only)
1.66%Net charge-offs to loans
125.50%Credit loss provision to net charge-offs
1.31%Efficiency ratio
57,660Assets per employee
10.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
203.09%Loss allowance to loans
2.05%Loss allowance to noncurrent loans
52.34%Noncurrent assets plus other real estate owned to assets
2.45%Noncurrent loans to loans
3.92%Net loans and leases to deposits
62.74%Net loans and leases to core deposits
72.46%Equity capital to assets
8.61%Core capital (leverage) ratio
8.59%Tier 1 risk-based capital ratio
13.96%Total risk-based capital ratio
Memoranda
$15Average assets
$724,099Average earning assets
$57,407Average equity
$696,273Average loans

Sterling Bank in Montgomery, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Sterling Bank - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

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Sterling Bank in Montgomery, Alabama (AL)Overview, Financial Summary, Detailed Financial Reports, Branches

Sterling Bank - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

Sterling Bank in Montgomery, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches