Institution Statistics
| Sterling Bank | | FDIC Certificate # | 6195 | | BankRate Report | View | | Year Established | 1885 | | Employees | 51 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $205.13 million | | Loans | $130.83 million | | Deposits | $184.16 million | | Equity Capital | $18.23 million | | Loan Loss Allowance | $1.69 million | | Unbacked Noncurrent Loans | $1.11 million | | Real Estate Owned | $193,000 |
Historic Data - March 2012 | | Assets | $196.41 million | | Equity Capital | $16.87 million | | Loan Loss Allowance | $1.66 million | | Unbacked Noncurrent Loans | $47,000 | | Real Estate Owned | $201,000 |
Profit Margin - Quarterly | | Net Interest Margin | 3.81% | | Return on Assets | 1.76% | | Return on Equity | 20.43% | | Interest Income | $2.25 million |
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Institution Health
Overall Score:
5 out of 5
| Texas Ratio |  | | 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, 2013 Sterling Bank had $1.3 million in non-current loans and owned real-estate with $19.92 million in equity and loan loss allowances on hand to cover it. This gives Sterling Bank a Texas Ratio of 6.55% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for Sterling Bank increased slightly from 1.34% as of March 31, 2012 to 6.55% as of March 31, 2013, resulting in a negative change of 389.06%. This indicates that the balance sheet and financial strength for Sterling Bank has declined slightly in recent periods. | | Deposit Growth |  | | In the past year, Sterling Bank has increased its total deposits by $9.06 million, resulting in 5.17% 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 Sterling Bank has shown is excellent. | | Capitalization |  | | 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. Sterling Bank has $205.13 million in assets with $19.92 million in equity, resulting in a capitalization level of 9.71%, which is average. |
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$5,500 Incorrect Charge not corrected.
Do not invest your money at Sterling Bank.
Sterling bank rolled over a $182,000 3.39% 2-year CD to a 0.55% 2-year CD without my approval.. I wanted to transfer the cash to TIAA at 3% no time limit. They would not correct their error, and wanted to charge me $5,500 to cancel the incorrect CD.