Segment Information

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information:

Sterling's operations are divided into two primary business segments that represent its core businesses:

• Community Banking - providing traditional banking services through the retail banking, private banking and commercial banking groups, including the originating and servicing of commercial real estate, owner occupied CRE and C&I loans.

• Home Loan Division - originating and selling residential real estate loans through its mortgage banking operations, on both a servicing-retained and servicing-released basis.

The Eliminations caption represents intercompany eliminations.

	As of and for the Three Months Ended March 31, 2013
	Community Banking		Home Loan Division		Eliminations			Total
	(in thousands)
Interest income	$	83,690	$	7,067	$	0		$	90,757
Interest expense	12,419		0		1,444			13,863
Net interest income	71,271		7,067		(1,444		)	76,894
Provision for credit losses	0		0		0			0
Noninterest income	21,185		16,373		8			37,566
Noninterest expense	62,453		17,472		2,004			81,929
Income (loss) before income taxes	$	30,003	$	5,968	$	(3,440	)	$	32,531
Total assets	$	8,942,231	$	308,209	$	5,996		$	9,256,436

	As of and for the Three Months Ended March 31, 2012
	Community Banking		Home Loan Division		Eliminations			Total
	(in thousands)
Interest income	$	92,787	$	5,178	$	0		$	97,965
Interest expense	22,493		0		1,119			23,612
Net interest income	70,294		5,178		(1,119		)	74,353
Provision for credit losses	4,000		0		0			4,000
Noninterest income	19,178		12,761		(352		)	31,587
Noninterest expense	72,776		14,614		1,259			88,649
Income (loss) before income taxes	$	12,696	$	3,325	$	(2,730	)	$	13,291
Total assets	$	9,529,511	$	1,057	$	(28,287	)	$	9,502,281