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Financial Statement

Sterling Bank and Trust, FSB
Statement of Financial Condition - (in 000s)
December 31, 2014 and December 31, 2013

ASSETS

Dec. 31,  
2014

Dec. 31,
2013

Cash and due from financial institutions $ 8,156 $ 16,186
Time deposits with other financial institutions   1,992 1,992
Securities available for sale   32,559 18,545
Federal Home Loan Bank Stock   12,650 9,684
Total loans net of allowance for loan losses   1,137,746 889,038
Leasehold improvements and equipment, net   4,440 3,743
Accrued income and other assets   41,978 41,807
TOTAL ASSETS $ 1,239,521 $ 980,995
     
LIABILITIES

Dec. 31,  
2014

Dec. 31,
2013

Demand deposits (noninterest-bearing) $ 29,626 $ 19,644
Interest-bearing deposits   930,680 807,458
Total deposits   960,306 827,102
Federal Home Loan Bank Borrowings   148,085 35,000
Principal, interest and escrow balances related to serviced mortgages   3,871 1,892
Accrued interest payable and other liabilities   9,817 11,555
TOTAL LIABILITIES   1,122,079 875,549
TOTAL SHAREHOLDERS' EQUITY   117,442 105,446
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,239,521 $ 980,995