Financial Statement
Sterling Bank and Trust, FSB
Statement of Financial Condition - (in 000s)
December 31, 2010 and December 31, 2009
| ASSETS |
Dec. 31, |
Dec. 31, |
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| Cash and due from financial institutions | $ | 7,812 | $ | 38,851 |
| Time deposits with other financial institutions | 3,212 | - | ||
| Securities available for sale | 10,709 | 15,509 | ||
| Securities held to maturity | 21,885 | 53,866 | ||
| Federal Home Loan Bank Stock | 11,315 | 13,092 | ||
| Total loans net of allowance for loan losses | 604,514 | 563,366 | ||
| Premises and equipment, net | 3,395 | 3,551 | ||
| Accrued income and other assets | 60,339 | 59,134 | ||
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| TOTAL ASSETS | $ | 723,181 | $ | 747,369 |
| LIABILITIES |
Dec. 31, |
Dec. 31, |
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| Demand deposits (noninterest-bearing) | $ | 5,626 | 4,450 | |
| Interest-bearing deposits | 592,219 | 591,485 | ||
| Total deposits | 597,845 | 595,935 | ||
| Federal Home Loan Bank Borrowings | 35,000 | 65,140 | ||
| Principal, interest and escrow balances related to serviced mortgages | 530 | 703 | ||
| Accrued interest payable and other liabilities | 10,726 | 9,549 | ||
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| TOTAL LIABILITIES | 644,101 | 671,327 | ||
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| TOTAL SHAREHOLDERS' EQUITY | 79,080 | 76,042 | ||
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| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 723,181 | 747,369 | |