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 sale | 75,606 | 46,678 |
Federal Home Loan Bank Stock | 18,360 | 17,125 |
Total loans net of allowance for loan losses | 1,987,153 | 1,578,513 |
Leasehold improvements and equipment, net | 5,806 | 4,830 |
Accrued income and other assets | 53,063 | 47,194 |
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 deposits | 1,555,914 | 1,186,908 |
Total deposits | 1,632,895 | 1,231,206 |
Federal Home Loan Bank Borrowings | 308,198 | 326,437 |
Principal, interest and escrow balances related to serviced mortgages | 15,921 | 6,479 |
Accrued interest payable and other liabilities | 12,702 | 13,023 |
TOTAL LIABILITIES | 1,969,717 | 1,577,145 |
TOTAL SHAREHOLDERS' EQUITY | 192,338 | 132,771 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $2,162,055 | $1,709,916 |