Sterling National Bank in New York, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Sterling National Bank in New York, New York (NY)
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Sterling National Bank routing number info

Sterling National Bank - Overview

  • General
  • FDIC Certificate #: 7220
    Status: Active
    Federal Reserve ID: 64619
    Bank Holding Company (Regulatory Top Holder): Sterling Bancorp (RSSDID: 1039454, Location: New York, NY)
    Date Established: March 13, 1929
    WWW: http://www.sterlingnationalbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 14 (Domestic: 13, Foreign: 1, Interstate: No)
    OTS Docket #: 10543
    FDIC's unique #: 4760
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: Yes
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 650 Fifth Avenue, New York, NY 10022
    County: New York
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: New York City
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): New York, NY (#5600)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $2,458.2 mil
    Equity capital: $205.1 mil
    Deposits held in domestic offices: $2,011.5 mil
    Return on assets (ROA): 0.85% ($20.9 mil)
    Quarterly return on assets: 0.94% ($23.1 mil)
    Return on Equity (ROE): 10.65% ($21.8 mil)
    Quarterly return on equity: 11.76% ($24.1 mil)
    Net income: $20.8 mil
    Quarterly Net income: $6.0 mil
    Pretax return on assets: 1.07% ($26,303.0 mil)
    Quarterly Pretax return on assets: 0.83% ($20,403.3 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, 2011)

  • Dollar figures in thousands
  • 515Total employees (full-time equivalent)
  • $2,458,228Total assets
  • $157,482Cash and due from depository institutions
  • $126,448Interest-bearing balances
  • $669,299Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,486,525Net loans & leases
  • $20,029Loan loss allowance
  • $0Trading account assets
  • $23,622Bank premises and fixed assets
  • $1,929Other real estate owned
  • $1,816Goodwill and other intangibles
  • $2,458,228Life insurance assets
  • $117,555All other assets
  • $2,253,086Total liabilities and capital
  • $2,011,542Total liabilities
  • $1,224,869Total deposits
  • $2,011,542Interest-bearing deposits
  • $60Deposits held in domestic offices
  • 52313.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $122,733Trading liabilities
  • $0Other borrowed funds
  • $66,498Subordinated debt
  • $205,142All other liabilities
  • $205,142Total equity capital
  • $205,142Total bank equity capital
  • $0Perpetual preferred stock
  • $17,926Common stock
  • $51,263Surplus
  • $135,953Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $43,372Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,523Income earned, not collected on loans
  • $0Earning assets
  • $6,642Long-term assets (5+ years)
  • $2,282,272Average Assets, year-to-date
  • $538,720Average Assets, quarterly
  • $2,447,987Volatile liabilities
  • $2,527,482Insider loans
  • $1,859,153FHLB advances
  • $2,578,695Loans and leases held for sale
  • $48,838Unused loan commitments
  • $36,053Tier 1 (core) risk-based capital
  • $214,159Tier 2 risk-based capital
  • $7,641Total risk weighted assets
  • $5,144Total unused commitments
  • $108,884Restructured Loans and leases
  • $4Derivatives
  • $1Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $96,722Total interest income
  • $10,851Total interest expense
  • $85,871Net interest income
  • $12,000Provision for loan and lease losses
  • $41,944Total noninterest income
  • $56Fiduciary activities
  • $5,654Service charges on deposit accounts
  • $0Trading account gains & fees
  • $36,234Additional noninterest income
  • $91,283Total noninterest expense
  • $56,404Salaries and employee benefits
  • $13,171Premises and equipment expense
  • $21,708Additional noninterest expense
  • $24,532Pre-tax net operating income
  • $1,726Securities gains (losses)
  • $5,455Applicable income taxes
  • $20,803Income before extraordinary items
  • $0Extraordinary gains - net
  • $20,803Net income attributable to bank
  • $0Net charge-offs
  • $20,803Cash dividends
  • $10,208Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.29%Yield on earning assets
  • 0.48%Cost of funding earning assets
  • 3.81%Net interest margin
  • 1.86%Noninterest income to earning assets
  • 4.05%Noninterest expense to earning assets
  • 0.79%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 1.07%Pretax return on assets
  • 10.65%Return on equity (ROE)
  • 10.65%Retained earnings to average equity (YTD only)
  • 0.73%Net charge-offs to loans
  • 117.55%Credit loss provision to net charge-offs
  • 3.58%Efficiency ratio
  • 71,311Assets per employee
  • 4.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 307.05%Noncurrent assets plus other real estate owned to assets
  • 0.34%Noncurrent loans to loans
  • 0.43%Net loans and leases to deposits
  • 73.90%Net loans and leases to core deposits
  • 85.90%Equity capital to assets
  • 8.35%Core capital (leverage) ratio
  • 8.30%Tier 1 risk-based capital ratio
  • 11.52%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $2,447,987Average earning assets
  • $195,345Average equity
  • $2,255,400Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $25,827Managed Assets
  • 1Number of Accounts
  • $23,981Personal trust and agency accounts
  • $9,566Employee benefit-defined contribution accounts
  • $318Employee benefit-defined benefit accounts
  • $5,019Other retirement accounts
  • $1,055Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $8,023Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 41Number of Accounts
  • $0Personal trust and agency accounts
  • $1,055Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,846Other retirement accounts
  • $1,462Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $308Fiduciary accounts held in foreign offices

List of branches

  • 1 Branch as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    8214783Nassau Branch (Frgn)50 Shirley Street, Nassau, 0June 02, 1969Full Service Brick and Mortar
  • 13 New York Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    04760Sterling National Bank650 Fifth Avenue, New York, NY 10022March 13, 1929Full Service Brick and Mortar
    1214776Lexington Avenue Brnch622 Third Avenue, New York, NY 10018March 13, 1929Full Service Brick and Mortar
    2214777Forest Hills Branch108-01 Queens Boulevard, New York City, NY 11375May 31, 1948Full Service Brick and Mortar
    5214780Briarwood Branch138-21 Queens Boulevard, New York City, NY 11435July 26, 1966Full Service Brick and Mortar
    9214784Seventh Avenue Branch512 Seventh Avenue, New York City, NY 10018July 16, 1984Full Service Brick and Mortar
    10362686Cutter Mill Road Branch98 Cutter Mill Road, Great Neck, NY 11021November 19, 2001Full Service Brick and Mortar
    11419900Park Ave Branch425 Park Avenue, New York, NY 10022November 01, 1996Full Service Brick and Mortar
    12280451Yonkers Branch1 Executive Boulevard, Yonkers, NY 10701March 30, 1998Full Service Brick and Mortar
    13427737Long Island City Branch30-00 47th Avenue, Long Island City, NY 11101December 29, 2003Full Service Brick and Mortar
    1443963442 Broadway Branch42 Broadway - 4th Floor, New York, NY 10004March 07, 2005Full Service Brick and Mortar
    15456249177 Crossways Park Drive Branch177 Crossways Park Drive, Woodbury, NY 11797July 05, 2006Full Service Brick and Mortar
    16467043Jamaica Branch8904 Sutphin Boulevard, Jamaica, NY 11435October 02, 2006Full Service Brick and Mortar
    1752754831 West 27th Street Branch31 West 27th Street, 7th Floor, New York, NY 10001November 28, 2011Full Service Brick and Mortar

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