Financial Statement

Sterling Bank and Trust, FSB

Statement of Financial Condition - (in 000s)

December 31, 2016 and December 31, 2015

ASSETS Dec. 31, 2016 Dec. 31, 2015
Cash and due from financial institutions$22,067$13,584
Time deposits with other financial institutions-1,992
Securities available for sale75,60646,678
Federal Home Loan Bank Stock18,36017,125
Total loans net of allowance for loan losses1,987,1531,578,513
Leasehold improvements and equipment, net5,8064,830
Accrued income and other assets53,06347,194
Total Assets$2,162,055$1,709,916


LIABILITIES Dec. 31, 2016 Dec. 31, 2015
Demand deposits (noninterest-bearing)$76,981$45,744
Interest-bearing deposits1,555,9141,186,908
Total deposits1,632,8951,231,206
Federal Home Loan Bank Borrowings308,198326,437
Principal, interest and escrow balances related to
serviced mortgages
15,9216,479
Accrued interest payable and other liabilities12,70213,023
TOTAL LIABILITIES1,969,7171,577,145
TOTAL SHAREHOLDERS' EQUITY192,338132,771
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$2,162,055$1,709,916