2.5 star ratingAverage User Rating:
2.5 star rating based on 2 reviews.

Park Sterling Bank

Park Sterling Bank Locations
1043 E. Morehead Street, Suite 100
Charlotte, NC 28204
704-716-2134
www.parksterlingbank.com

FDIC

Park Sterling Bank is headquartered in Charlotte and is the 7th largest bank in the state of North Carolina. It is also the 357th largest bank in the nation. It was established in 2006 and as of December of 2012, it had grown to 458 employees at 48 locations. Park Sterling Bank has a 4-star health rating.

Park Sterling Bank Routing Number: 053012728

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Competitive 1-Year & 3-Year CD Rates at Park Sterling Bank in NC - Local Only - 11/17/2010

Park Sterling Bank is offering some competitive rates on its mid-term CDs and IRA CDs. The best rates include a 1.50% APY 1-year CD, a 2.00% APY 2-year CD and a 2.50% APY 3-year CD. Minimum deposit is ...

Special 13-Month CD at Park Sterling Bank in NC - Local Only - 5/6/2010

Park Sterling Bank is offering a special 2.00% APY 13-month CD. Minimum deposit is $1,000. This CD special is listed on the bank's home page as of 5/06/2010. Finding 2% CDs with terms around 1-yea ...


Data for Q4 2012


Institution Statistics


Park Sterling Bank
FDIC Certificate #58408
BankRate ReportView
Year Established2006
Employees458
Primary RegulatorFDIC

Assets and Liabilities

Assets$2.01 billion
Loans$1.36 billion
Deposits$1.63 billion
Equity Capital$265.87 million
Loan Loss Allowance$10.72 million
Unbacked Noncurrent Loans$42.27 million
Real Estate Owned$25.39 million

Historic Data - December 2011

Assets$1.05 billion
Equity Capital$136.21 million
Loan Loss Allowance$10.15 million
Unbacked Noncurrent Loans$34.23 million
Real Estate Owned$14.40 million

Profit Margin - Quarterly

Net Interest Margin4.65%
Return on Assets0.29%
Return on Equity2.16%
Interest Income$56.46 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Park Sterling Bank had $67.66 million in non-current loans and owned real-estate with $276.59 million in equity and loan loss allowances on hand to cover it. This gives Park Sterling Bank a Texas Ratio of 24.46% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Park Sterling Bank decreased slightly from 33.23% as of December 31, 2011 to 24.46% as of December 31, 2012, resulting in a positive change of 26.38%.This indicates that the balance sheet and financial strength for Park Sterling Bank has improved slightly in recent periods.
Deposit Growth5
In the past year, Park Sterling Bank has increased its total deposits by $787.94 million, resulting in 93.11% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Park Sterling Bank has shown is excellent.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Park Sterling Bank has $2.01 billion in assets with $276.59 million in equity, resulting in a capitalization level of 13.76%, which is excellent.
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Park Sterling Cyber Security Not Up To Par
1 stars - johnfern766 - Friday, April 12, 2013 - 7:35 AM

Park Sterling Bank recently sent an unauthorized wire to Moscow, Russia in excess of $300,000 from a lawfirm's account in Charlotte, NC. Anyone banking with them should get their money out immediately!!!

2

Park Sterling Bank
4 stars - DaryleM - Thursday, December 6, 2012 - 11:12 AM

Park Sterling appears to be strong and moving in a positive direction.  Great to see a Cash Mgmt. department.

1
 
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