Segment Information

9 Months Ended

Sep. 30, 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 Other and Eliminations caption represents holding company-level transactions and intercompany eliminations.

	As of and for the Three Months Ended September 30, 2013
	Community Banking		Home Loan Division		Other and Eliminations			Total
	(in thousands)
Interest income	$	89,430	$	7,014	$	0		$	96,444
Interest expense	12,427		0		1,469			13,896
Net interest income	77,003		7,014		(1,469		)	82,548
Provision for credit losses	0		0		0			0
Noninterest income	15,756		16,134		0			31,890
Noninterest expense	64,074		17,468		3,792			85,334
Income (loss) before income taxes	$	28,685	$	5,680	$	(5,261	)	$	29,104
Total assets	$	9,758,046	$	200,575	$	25,715		$	9,984,336

	As of and for the Three Months Ended September 30, 2012
	Community Banking		Home Loan Division		Other and Eliminations			Total
	(in thousands)
Interest income	$	87,930	$	8,061	$	0		$	95,991
Interest expense	17,649		0		3,034			20,683
Net interest income	70,281		8,061		(3,034		)	75,308
Provision for credit losses	1,980		20		0			2,000
Noninterest income	8,033		38,816		(151		)	46,698
Noninterest expense	61,552		31,784		(3,928		)	89,408
Income (loss) before income taxes	$	14,782	$	15,073	$	743		$	30,598
Total assets	$	9,466,908	$	4,633	$	896		$	9,472,437

	As of and for the Nine Months Ended September 30, 2013
	Community Banking		Home Loan Division		Other and Eliminations			Total
	(in thousands)
Interest income	$	259,819	$	21,399	$	0		$	281,218
Interest expense	36,988		0		4,374			41,362
Net interest income	222,831		21,399		(4,374		)	239,856
Provision for credit losses	0		0		0			0
Noninterest income	54,757		57,167		(465		)	111,459
Noninterest expense	182,433		61,278		5,230			248,941
Income (loss) before income taxes	$	95,155	$	17,288	$	(10,069	)	$	102,374
Total assets	$	9,758,046	$	200,575	$	25,715		$	9,984,336

	As of and for the Nine Months Ended September 30, 2012
	Community Banking		Home Loan Division		Other and Eliminations			Total
	(in thousands)
Interest income	$	275,351	$	19,595	$	0		$	294,946
Interest expense	61,383		0		4,992			66,375
Net interest income	213,968		19,595		(4,992		)	228,571
Provision for credit losses	9,980		20		0			10,000
Noninterest income	45,808		77,517		(299		)	123,026
Noninterest expense	202,455		66,548		(3,339		)	265,664
Income (loss) before income taxes	$	47,341	$	30,544	$	(1,952	)	$	75,933
Total assets	$	9,466,908	$	4,633	$	896		$	9,472,437