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Sterling National Bank

New York, NY · Cert 7220

FDIC

Q3 2013

$2.8BAssets
$1.8BLoans
$2.3BDeposits
$239.3MEquity
Loan mix
25%RE $269.0M74%C&I $807.8M2%Consumer $19.3MQ3 2012Q3 2013
Deposit mix
60%Interest-bearing $1.4B40%Noninterest $0.9BQ3 2012Q3 2013

NIM

3.96%Q3 ’114.12%Q3 ’124.05%Q3 ’13+7%0%

Non-interest income vs. expense

3.50%Q3 ’113.59%Q3 ’123.51%Q3 ’13+22%+11%

Executive Summary

  • Earnings: ROA of 0.74%, down 17 bps year over year; NIM at 3.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.43%.
  • Funding: loans stand at 79.37% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

0.74%-17 bps YoY

Net Interest Margin (quarter, annualized)

3.77%-1 bps YoY

Efficiency Ratio (quarter, annualized)

72.13%+312 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.91%1.07%0.75%1.00%0.74%-17 bps
Return on Equity10.51%12.59%8.78%11.44%8.45%-205 bps
Net Interest Margin3.78%3.79%3.65%3.75%3.77%-1 bps
Efficiency Ratio69.01%66.22%72.83%66.44%72.13%+312 bps
Non-Interest Burden2.17%1.99%2.23%2.00%2.42%+25 bps
Growth
Asset Growth (YoY)2.59%10.16%11.18%7.71%3.28%+69 bps
Loan Growth (YoY)12.79%16.84%19.51%12.89%9.69%-310 bps
Deposit Growth (YoY)8.97%13.08%14.30%8.95%3.39%-558 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.23%0.52%0.42%0.32%0.43%+19 bps
Allowance / Loansn/an/a1.29%1.26%1.20%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 Capital12.38%12.37%12.69%12.68%12.66%+28 bps
Equity / Assetsn/an/a8.56%8.88%8.70%n/a
Liquidity & Funding
Loans / Deposits74.82%77.39%75.92%79.66%79.37%+455 bps
Liquid Assets / Assets14.63%14.27%20.22%17.15%18.21%+358 bps
CRE / Total Capitaln/an/an/an/an/an/an/a