PackageTrendsPeer
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Sterling Bank

Houston, TX · Cert 21726

FDIC

Q2 2011

$5.1BAssets
$2.4BLoans
$4.2BDeposits
$662.0MEquity
Loan mix
70%RE $1.1B28%C&I $0.5B2%Consumer $0.0BQ2 2010Q2 2011
Deposit mix
69%Interest-bearing $2.9B31%Noninterest $1.3BQ2 2010Q2 2011

NIM

4.94%Q2 ’094.17%Q2 ’103.60%Q2 ’11-14%-9%

Non-interest income vs. expense

3.51%Q2 ’093.00%Q2 ’103.56%Q2 ’11-10%+38%

Executive Summary

  • Earnings: ROA of -0.84%, down 97 bps year over year; NIM at 3.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.12%.
  • Funding: loans stand at 57.94% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

-0.84%-97 bps YoY

Net Interest Margin (quarter, annualized)

3.13%-32 bps YoY

Efficiency Ratio (quarter, annualized)

82.86%+985 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets0.12%0.41%0.25%0.11%-0.84%-97 bps
Return on Equity0.96%3.15%1.97%0.84%-6.45%-741 bps
Net Interest Margin3.45%3.45%3.18%3.20%3.13%-32 bps
Efficiency Ratio73.01%71.89%78.23%75.62%82.86%+985 bps
Non-Interest Burden2.40%2.29%2.39%2.28%3.31%+91 bps
Growth
Asset Growth (YoY)2.21%2.32%5.14%0.12%-0.32%-253 bps
Loan Growth (YoY)-15.26%-14.34%-15.10%-16.46%-19.61%-436 bps
Deposit Growth (YoY)5.16%2.33%5.59%1.47%0.45%-471 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.85%1.04%1.40%1.91%1.12%+27 bps
Allowance / Loansn/an/an/a2.90%3.24%n/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital15.74%16.58%16.88%16.86%17.68%+194 bps
Equity / Assetsn/an/an/a13.13%13.09%n/a
Liquidity & Funding
Loans / Deposits72.40%70.37%64.12%62.64%57.94%-1,446 bps
Liquid Assets / Assets5.59%5.64%5.11%12.78%18.25%+1,266 bps
CRE / Total Capitaln/an/an/an/an/an/an/a