Sterling Bank in Houston, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 28, 2011

Sterling Bank - Overview

  • General
  • FDIC Certificate #: 21726
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Comerica Bank (#983)
    Federal Reserve ID: 978154
    Date Established: August 12, 1974
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 60 (Interstate: No)
    OTS Docket #: 9779
    FDIC's unique #: 15040
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 12, 1974
    Last Structure Change Effective Date: July 28, 2011
    Last Structure Change Process Date: July 29, 2011
    Last Data Update: July 29, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2950 North Loop West, Houston, TX 77092
    County: Harris
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Houston, TX (#3360)
    Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42)
    Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288)
    Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420)
    CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
  • Financial Summary
  • Total assets: $5,058.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2010)

  • Dollar figures in thousands
  • 946Total employees (full-time equivalent)
  • $5,190,661Total assets
  • $502,648Cash and due from depository institutions
  • $442,381Interest-bearing balances
  • $1,552,635Securities
  • $246Federal funds sold & reverse repurchase agreements
  • $2,677,899Net loans & leases
  • $77,141Loan loss allowance
  • $0Trading account assets
  • $48,603Bank premises and fixed assets
  • $37,064Other real estate owned
  • $182,687Goodwill and other intangibles
  • $102,639Life insurance assets
  • $188,879All other assets
  • $5,190,661Total liabilities and capital
  • $4,530,911Total liabilities
  • $4,296,882Total deposits
  • $2,967,087Interest-bearing deposits
  • $4,296,882Deposits held in domestic offices
  • 55.05%% insured (estimated)
  • $71,385Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $40,817Other borrowed funds
  • $78,059Subordinated debt
  • $43,768All other liabilities
  • $659,750Total equity capital
  • $659,750Total bank equity capital
  • $659,750Perpetual preferred stock
  • $0Common stock
  • $12,000Surplus
  • $475,302Undivided profits
  • Memoranda
  • $172,448Noncurrent loans and leases
  • $646,495Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $133,771Earning assets
  • $196Long-term assets (5+ years)
  • $14,673Average Assets, year-to-date
  • $4,673,161Average Assets, quarterly
  • $1,283,236Volatile liabilities
  • $5,056,206Insider loans
  • $5,113,905FHLB advances
  • $644,680Loans and leases held for sale
  • $4,264Unused loan commitments
  • $40,000Tier 1 (core) risk-based capital
  • $50,000Tier 2 risk-based capital
  • $2,691Total risk weighted assets
  • $646,495Total unused commitments
  • $25,443Restructured Loans and leases
  • $87,866Derivatives
  • $42,640Total assets and liabilities in foreign offices

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $205,463Total interest income
  • $32,963Total interest expense
  • $172,500Net interest income
  • $46,890Provision for loan and lease losses
  • $32,644Total noninterest income
  • $292Fiduciary activities
  • $14,376Service charges on deposit accounts
  • $0Trading account gains & fees
  • $17,976Additional noninterest income
  • $154,092Total noninterest expense
  • $81,027Salaries and employee benefits
  • $24,855Premises and equipment expense
  • $48,210Additional noninterest expense
  • $4,162Pre-tax net operating income
  • -$56Securities gains (losses)
  • -$671Applicable income taxes
  • $4,777Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,777Net income attributable to bank
  • $0Net charge-offs
  • $4,777Cash dividends
  • $44,481Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.52%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 3.80%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 3.39%Noninterest expense to earning assets
  • 0.10%Net operating income to assets
  • 0.09%Return on assets (ROA)
  • 0.08%Pretax return on assets
  • 0.75%Return on equity (ROE)
  • 0.75%Retained earnings to average equity (YTD only)
  • 1.48%Net charge-offs to loans
  • 105.42%Credit loss provision to net charge-offs
  • 1.15%Efficiency ratio
  • 74,067Assets per employee
  • 5.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.80%Loss allowance to noncurrent loans
  • 57.67%Noncurrent assets plus other real estate owned to assets
  • 3.29%Noncurrent loans to loans
  • 4.86%Net loans and leases to deposits
  • 62.32%Net loans and leases to core deposits
  • 71.90%Equity capital to assets
  • 12.71%Core capital (leverage) ratio
  • 9.50%Tier 1 risk-based capital ratio
  • 14.21%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $5,056,206Average earning assets
  • $638,368Average equity
  • $4,541,726Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $45,355Managed Assets
  • 1Number of Accounts
  • $20,070Personal trust and agency accounts
  • $12,363Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $11Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $7,696Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 77Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $25,285Other retirement accounts
  • $2,725Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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