Sterling Bank in Mount Laurel, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 16, 2010

  • Sterling Bank in Mount Laurel, New Jersey (NJ)
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Sterling Bank - Overview

  • General
  • FDIC Certificate #: 33211
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Roma Bank (#30041)
    Federal Reserve ID: 1819366
    Date Established: December 07, 1990
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 11 (Interstate: No)
    OTS Docket #: 9605
    FDIC's unique #: 46452
    Numeric code: 13
    Regulator: FED
    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: December 07, 1990
    Last Structure Change Effective Date: July 16, 2010
    Last Structure Change Process Date: July 21, 2010
    Last Data Update: July 21, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 3100 Route 38, Mount Laurel, NJ 8054
    County: Burlington
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Jamesburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Philadelphia, PA-NJ (#6160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Camden, NJ (#15804)
  • Financial Summary
  • Total assets: $357.2 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, 2009)

  • Dollar figures in thousands
  • 107Total employees (full-time equivalent)
  • $369,621Total assets
  • $10,781Cash and due from depository institutions
  • $101Interest-bearing balances
  • $43,196Securities
  • $4,545Federal funds sold & reverse repurchase agreements
  • $290,684Net loans & leases
  • $9,915Loan loss allowance
  • $0Trading account assets
  • $8,599Bank premises and fixed assets
  • $1,100Other real estate owned
  • $1,978Goodwill and other intangibles
  • $2,563Life insurance assets
  • $8,738All other assets
  • $369,621Total liabilities and capital
  • $346,630Total liabilities
  • $331,094Total deposits
  • $299,862Interest-bearing deposits
  • $331,094Deposits held in domestic offices
  • 92.91%% insured (estimated)
  • $14,250Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,286All other liabilities
  • $22,991Total equity capital
  • $22,991Total bank equity capital
  • $22,991Perpetual preferred stock
  • $0Common stock
  • $9,575Surplus
  • $36,421Undivided profits
  • Memoranda
  • $-23,005Noncurrent loans and leases
  • $34,360Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $17,071Earning assets
  • $0Long-term assets (5+ years)
  • $1,267Average Assets, year-to-date
  • $338,526Average Assets, quarterly
  • $151,499Volatile liabilities
  • $381,471Insider loans
  • $376,146FHLB advances
  • $44,091Loans and leases held for sale
  • $3,169Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $34,360Total unused commitments
  • $4,838Restructured Loans and leases
  • $3,631Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $18,919Total interest income
  • $7,447Total interest expense
  • $11,472Net interest income
  • $5,390Provision for loan and lease losses
  • $478Total noninterest income
  • $0Fiduciary activities
  • $256Service charges on deposit accounts
  • $0Trading account gains & fees
  • $222Additional noninterest income
  • $14,128Total noninterest expense
  • $6,269Salaries and employee benefits
  • $2,971Premises and equipment expense
  • $4,888Additional noninterest expense
  • -$7,568Pre-tax net operating income
  • $5Securities gains (losses)
  • $2,041Applicable income taxes
  • -$9,604Income before extraordinary items
  • $0Extraordinary gains - net
  • -$9,604Net income attributable to bank
  • $0Net charge-offs
  • -$9,604Cash dividends
  • $4,006Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.41%Yield on earning assets
  • 2.13%Cost of funding earning assets
  • 3.28%Net interest margin
  • 0.14%Noninterest income to earning assets
  • 4.04%Noninterest expense to earning assets
  • -2.52%Net operating income to assets
  • -2.52%Return on assets (ROA)
  • -1.98%Pretax return on assets
  • -36.36%Return on equity (ROE)
  • -36.36%Retained earnings to average equity (YTD only)
  • 1.33%Net charge-offs to loans
  • 134.55%Credit loss provision to net charge-offs
  • -0.54%Efficiency ratio
  • 114,912Assets per employee
  • 3.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.30%Loss allowance to noncurrent loans
  • 58.08%Noncurrent assets plus other real estate owned to assets
  • 4.92%Noncurrent loans to loans
  • 5.68%Net loans and leases to deposits
  • 87.80%Net loans and leases to core deposits
  • 96.49%Equity capital to assets
  • 6.22%Core capital (leverage) ratio
  • 5.52%Tier 1 risk-based capital ratio
  • 7.36%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $381,471Average earning assets
  • $26,416Average equity
  • $349,415Average loans

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