Offsetting Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2013

Offsetting Assets and Liabilities [Abstract]

Offsetting Liabilities

The following summarizes the presentation of Sterling's interest rate swaps and securities sold under repurchase agreements, all of which are presented gross on Sterling's balance sheet:

							Pledged Collateral on Balance Sheet
	Amount Recognized		Amount Offset on Balance Sheet		Amount Presented on Balance Sheet		Securities		Cash		Net Position
September 30, 2013	(in thousands)
Assets
Interest rate swaps	$	1,020	$	0	$	1,020	$	0	$	0	$	1,020
Total	$	1,020	$	0	$	1,020	$	0	$	0	$	1,020
Liabilities
Securities sold under repurchase agreements	$	534,669	$	0	$	534,669	$	534,669	$	0	$	0
Interest rate swaps	1,028		0		1,028		0		1,028		0
Total	$	535,697	$	0	$	535,697	$	534,669	$	1,028	$	0
December 31, 2012
Assets
Interest rate swaps	$	2,148	$	0	$	2,148	$	0	$	0	$	2,148
Total	$	2,148	$	0	$	2,148	$	0	$	0	$	2,148
Liabilities
Securities sold under repurchase agreements	$	586,867	$	0	$	586,867	$	586,867	$	0	$	0
Interest rate swaps	2,144		0		2,144		0		2,144		0
Total	$	589,011	$	0	$	589,011	$	586,867	$	2,144	$	0