Sterling Bank and Trust, FSB in Southfield, Michigan (MI), CA
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Sterling Bank and Trust, FSB in Southfield, Michigan (MI), CA
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Sterling Bank and Trust, FSB - Overview

  • General
  • FDIC Certificate #: 32232
    Status: Active
    Federal Reserve ID: 979375
    Date Established: April 18, 1984
    WWW: http://www.sterlingbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 15 (Domestic: 15, Interstate: Yes)
    OTS Docket #: 8028
    FDIC's unique #: 45066
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 09, 1984
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: One Towne Square, Suite 1900, Southfield, MI 48076
    County: Oakland
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Detroit
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Detroit, MI (#2160)
    Consolidated Metropolitan Statistical Area (CMSA): Detroit-Ann Arbor-Flint, MI (#35)
    Combined Statistical Area (CSA): Detroit-Warren-Flint, MI (#220)
    Core Based Statistical Area (CBSA): Detroit-Warren-Livonia, MI (#19820)
    CBSA Metro Statistical Area: Detroit-Warren-Livonia, MI (#19820)
    Core Based Statistical Division: Warren-Troy-Farmington Hills, MI (#47644)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $762.2 mil
    Equity capital: $83.1 mil
    Deposits held in domestic offices: $646.8 mil
    Return on assets (ROA): 0.38% ($2.9 mil)
    Quarterly return on assets: 0.10% ($0.8 mil)
    Return on Equity (ROE): 3.48% ($2.9 mil)
    Quarterly return on equity: 0.90% ($0.7 mil)
    Net income: $2.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.57% ($4,344.4 mil)
    Quarterly Pretax return on assets: 0.13% ($990.8 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, 2011)

  • Dollar figures in thousands
  • 127Total employees (full-time equivalent)
  • $762,180Total assets
  • $22,910Cash and due from depository institutions
  • $16,844Interest-bearing balances
  • $40,950Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $627,580Net loans & leases
  • $8,898Loan loss allowance
  • $0Trading account assets
  • $3,467Bank premises and fixed assets
  • $10,545Other real estate owned
  • $196Goodwill and other intangibles
  • $762,180Life insurance assets
  • $56,532All other assets
  • $679,103Total liabilities and capital
  • $646,838Total liabilities
  • $635,566Total deposits
  • $646,838Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $22,229Trading liabilities
  • $0Other borrowed funds
  • $10,036Subordinated debt
  • $83,077All other liabilities
  • $83,077Total equity capital
  • $83,077Total bank equity capital
  • $0Perpetual preferred stock
  • $14,600Common stock
  • $28,500Surplus
  • $39,977Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,088Income earned, not collected on loans
  • $444Earning assets
  • $2,685Long-term assets (5+ years)
  • $685,374Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $739,704Volatile liabilities
  • $760,312Insider loans
  • $530,332FHLB advances
  • $749,784Loans and leases held for sale
  • $26,847Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $70,681Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $38,325Restructured Loans and leases
  • $40Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $38,206Total interest income
  • $6,688Total interest expense
  • $31,518Net interest income
  • $9,400Provision for loan and lease losses
  • $382Total noninterest income
  • $0Fiduciary activities
  • $117Service charges on deposit accounts
  • $0Trading account gains & fees
  • $265Additional noninterest income
  • $17,853Total noninterest expense
  • $9,386Salaries and employee benefits
  • $3,218Premises and equipment expense
  • $5,249Additional noninterest expense
  • $4,647Pre-tax net operating income
  • -$398Securities gains (losses)
  • $1,407Applicable income taxes
  • $2,842Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,842Net income attributable to bank
  • $0Net charge-offs
  • $2,842Cash dividends
  • $6,713Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.78%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 4.77%Net interest margin
  • 0.06%Noninterest income to earning assets
  • 2.70%Noninterest expense to earning assets
  • 0.42%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.57%Pretax return on assets
  • 3.48%Return on equity (ROE)
  • 3.48%Retained earnings to average equity (YTD only)
  • 1.09%Net charge-offs to loans
  • 140.03%Credit loss provision to net charge-offs
  • 2.09%Efficiency ratio
  • 55,122Assets per employee
  • 6.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 58.97%Noncurrent assets plus other real estate owned to assets
  • 3.36%Noncurrent loans to loans
  • 2.37%Net loans and leases to deposits
  • 97.02%Net loans and leases to core deposits
  • 99.24%Equity capital to assets
  • 10.90%Core capital (leverage) ratio
  • 9.43%Tier 1 risk-based capital ratio
  • 13.33%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $739,704Average earning assets
  • $81,598Average equity
  • $661,129Average loans

List of branches

  • 14 California Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    118287242San Francisco Branch400 Montgomery St, Ste 100, San Francisco, CA 94104April 14, 1994Full Service Brick and Mortar
    122287246Irving Street Branch825 Irving Street, San Francisco, CA 94122October 28, 1996Full Service Brick and Mortar
    123287247Geary Boulevard Branch5498 Geary Boulevard, San Francisco, CA 94121September 27, 1996Full Service Brick and Mortar
    124287248Market Street Branch2122 Market Street, San Francisco, CA 94114November 03, 1997Full Service Brick and Mortar
    125287249Van Ness Branch2045 Van Ness Street, San Francisco, CA 94109July 03, 1996Full Service Brick and Mortar
    13046405824th St Branch3800 24th Street, San Francisco, CA 94114November 14, 2005Full Service Brick and Mortar
    131464059San Bruno Ave Branch2555 San Bruno Avenue, San Francisco, CA 94114June 27, 2006Full Service Brick and Mortar
    132464060Irving Street Branch2501 Irving Street, San Francisco, CA 94122Febuary 22, 2006Full Service Brick and Mortar
    133464064Alemany Blvd Branch3951 Alemany Boulevard, San Francisco, CA 94132July 05, 2005Full Service Brick and Mortar
    134464066Broadway Branch1210 Broadway, Burlingame, CA 94010May 08, 2001Full Service Brick and Mortar
    135492485Fillmore Street Branch1900 Fillmore Street, San Francisco, CA 94115September 10, 2007Full Service Brick and Mortar
    136495855Taraval Branch1122 Taraval St, San Francisco, CA 94116October 16, 2006Full Service Brick and Mortar
    137495856Mission St Branch2776 Mission St, San Francisco, CA 94110October 30, 2006Full Service Brick and Mortar
    1384958574627 Mission St Branch4627 Mission St, San Francisco, CA 94112April 23, 2007Full Service Brick and Mortar
  • 1 Michigan Branch as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    045066Sterling Bank And Trust, FsbOne Towne Square, Suite 1900, Southfield, MI 48076April 18, 1984Full Service Brick and Mortar

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