1043 E. Morehead Street, Suite 201
Charlotte, NC 28204
704-716-2134
www.parksterlingbank.com



Park Sterling Bank is headquartered in Charlotte and is the 14st largest bank in the state of North Carolina. It is also the 608th largest bank in the nation. It was established in 2006 and as of March of 2012, it had grown to 263 employees at 26 locations. Park Sterling Bank has a 4-star health rating.

Park Sterling Bank Routing Number: 053012728

Related Posts

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 Q1 2012


Institution Statistics


Park Sterling Bank
FDIC Certificate #58408
BankRate ReportView
Year Established2006
Employees263
Primary RegulatorFDIC

Assets and Liabilities

Assets$1.08 billion
Loans$726.36 million
Deposits$855.91 million
Equity Capital$143.59 million
Loan Loss Allowance$9.56 million
Unbacked Noncurrent Loans$38.44 million
Real Estate Owned$16.67 million

Historic Data - March 2011

Assets$552.09 million
Equity Capital$98.44 million
Loan Loss Allowance$11.77 million
Unbacked Noncurrent Loans$34.03 million
Real Estate Owned$1.57 million

Profit Margin - Quarterly

Net Interest Margin4.93%
Return on Assets0.58%
Return on Equity4.39%
Interest Income$12.95 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio2
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 March 31, 2012 Park Sterling Bank had $55.11 million in non-current loans and owned real-estate with $153.15 million in equity and loan loss allowances on hand to cover it. This gives Park Sterling Bank a Texas Ratio of 35.99% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Park Sterling Bank held steady from 32.29% as of March 31, 2011 to 35.99% as of March 31, 2012, resulting in a negative change of 11.43%. This indicates that the balance sheet and financial strength for Park Sterling Bank has held steady in recent periods.
Deposit Growth5
In the past year, Park Sterling Bank has increased its total deposits by $434.4 million, resulting in 103.06% 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 $1.08 billion in assets with $153.15 million in equity, resulting in a capitalization level of 14.24%, which is excellent.
Write Review

No reviews have been left for this bank yet. Be the first to review.