Sterling Bank
Mount Laurel, NJ — Domestic Branch of a Domestic Bank
Acquired Jul 2010
Vitals
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Total Assets357.2M -6.8 %
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Total Deposits320.2M -6.8 %
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Total Net Loans275.6M -4.7 %
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Net Income-1916000.0000
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Book Value21.6M -3.6 %
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Book Value x243.1M -3.6 %
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Book Value x364.7M -3.6 %
Balance Sheet Highlights
| Financial Highlights | Sterling Bank | All Insured Commercial Banks in New Jersey |
| Balance Sheet $(000) | ||
| Total Assets | 357,218 | 470,656 |
| Total Net Loans | 275,630 | 300,233 |
| Total Deposits | 320,204 | 387,102 |
| Total Equity | 21,555 | 48,705 |
| Profitability | ||
| Net Income | -1,916 | 788 |
| Return on Average Assets | -1.037 | .254 |
| Return on Average Equity | -17.212 | 2.838 |
| Net Interest Margin | 3.531 | 3.559 |
| Efficiency Ratio | 112.921 | 78.822 |
| Noninterest Income/Revenue | 14.328 | |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 86.08 | 79.617 |
| Securities/Assets | .091 | .173 |
| Total Equity/Total Assets | .06 | .103 |
| Tangible Equity/Tangible Assets | .055 | .097 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 19,204 | 45,218 |
| Tier 2 Capital | 3,448 | 4,484 |
| Total Capital | 22,652 | 49,680 |
| Total Risk Weighted Assets | 270,758 | 326,879 |
| Leverage Ratio | 5.24 | 9.203 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 7.09 | 12.617 |
| Total Capital Ratio | 8.37 | 13.92 |
Timeline for Sterling Bank
Peoples Savings Bank
Acquisition: Sterling Bank acquired a new subsidiary, Peoples Savings Bank, 17 years
View Profile Mar 17 2007
Sterling Banks Inc
Sterling Banks Inc became a new parent organization for Sterling Bank.
View Profile Mar 17 2007
Sterling Bank Corporate Owned Life Insurance Trust
Sterling Bank Corporate Owned Life Insurance Trust became a new subsidiary organization for Sterling Bank.
View Profile Mar 05 2003
Sterling Bank
Sterling Bank was established 33 years ago and is currently headquartered in Mount Laurel, NJ.
Dec 07 1990| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Roma Bank | Buyer | 1,537,587 | Discontinued | 7/17/2010 | |
| Peoples Savings Bank | Seller | 109,137 | Acquisition | Discontinued | 3/17/2007 |
| Relationships | Role | Relationship Start | Relationship End |
| Sterling Banks Inc | Parent | 3/17/2007 | 7/16/2010 |
| Sterling Bank Corporate Owned Life Insurance Trust | Subsidary | 3/5/2003 | 7/16/2010 |
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