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Sterling Bank

Mount Laurel, NJ · Cert 33211

FDIC

Q2 2010

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2010, the quarter ended June 30, 2010, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Sterling Bank

Mount Laurel, NJ · Cert 33211

FDIC

Q2 2010

$357.2MAssets
$284.1MLoans
$320.2MDeposits
$21.6MEquity
Loan mix
84%RE $160.4M16%C&I $29.6M0%Consumer $0.1MQ2 2009Q2 2010
Deposit mix
89%Interest-bearing $285.8M11%Noninterest $34.4MQ2 2009Q2 2010

NIM

5.99%Q2 ’084.84%Q2 ’094.77%Q2 ’10-19%+23%

Non-interest income vs. expense

3.64%Q2 ’083.60%Q2 ’093.80%Q2 ’10+2%+8%

Executive Summary

  • Earnings: ROA of -1.05%, up 401 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.83%.
  • Funding: loans stand at 88.72% of deposits as of Q2 2010.

Financial Results

Return on Assets (YTD, annualized)

-1.05%+401 bps YoY

Net Interest Margin (YTD, annualized)

3.36%+62 bps YoY

Efficiency Ratio (YTD, annualized)

109.73%-1,349 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets-5.06%-3.52%-2.52%-0.94%-1.05%+401 bps
Return on Equity-67.65%-49.59%-36.36%-15.35%-17.21%+5,043 bps
Net Interest Margin2.74%2.95%3.01%3.37%3.36%+62 bps
Efficiency Ratio123.22%118.35%114.91%107.28%109.73%-1,349 bps
Non-Interest Burden3.50%3.61%3.59%3.73%3.80%+30 bps
Growth
Asset Growth (YoY)0.08%-1.24%-2.39%-6.11%-6.83%-692 bps
Loan Growth (YoY)-2.82%-1.69%-1.68%-2.17%-5.53%-271 bps
Deposit Growth (YoY)3.13%6.47%0.50%-3.64%-6.79%-992 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.54%1.49%1.33%1.66%1.83%+29 bps
Allowance / Loans3.86%3.57%3.30%3.12%2.97%-89 bps
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 Capital8.25%8.41%8.64%8.44%8.37%+12 bps
Equity / Assets5.83%5.93%6.22%6.03%6.03%+20 bps
Liquidity & Funding
Loans / Deposits87.53%86.50%90.79%89.45%88.72%+119 bps
Liquid Assets / Assets3.71%3.09%2.49%2.02%1.78%-194 bps
CRE / Total Capitaln/an/an/an/an/an/an/a