SterlingBank&Trust

Financial Statement

Sterling Bank and Trust, FSB
Statement of Financial Condition - (in 000s)
December 31, 2013 and December 31, 2012

ASSETS

Dec. 31, 
2013

Dec. 31,
2012

Cash and due from financial institutions $ 16,186 $ 6,525
Time deposits with other financial institutions   1,992 1,992
Securities available for sale   18,545 17,174
Securities held to maturity   - 17,300
Federal Home Loan Bank Stock   9,684 9,684
Total loans net of allowance for loan losses   889,038 755,861
Premises and equipment, net   3,743 3,471
Accrued income and other assets   41,807 47,714
TOTAL ASSETS $ 980,995 $ 859,721
     
LIABILITIES

Dec. 31, 
2013

Dec. 31,
2012

Demand deposits (noninterest-bearing) $ 19,644 $ 12,827
Interest-bearing deposits   807,458 701,324
Total deposits   827,102 714,151
Federal Home Loan Bank Borrowings   35,000 45,427
Principal, interest and escrow balances related to serviced mortgages   1,892 1,804
Accrued interest payable and other liabilities   11,555 9,147
TOTAL LIABILITIES   875,549 770,529
TOTAL SHAREHOLDERS' EQUITY   105,446 89,192
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 980,995 $ 859,721