Segment Information

12 Months Ended

Dec. 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 Other and Eliminations caption represents holding company-level transactions and intercompany eliminations. In 2012, Sterling combined its Commercial Real Estate and Community Banking segments to improve how it made decisions and measured the segments' performance. Segment results for the 2011 comparable period have been restated to reflect current period presentation.

	As of and for the Year Ended December 31, 2013
	Community Banking		Home Loan Division		Other and Eliminations			Total
	(in thousands)
Interest income	$	352,907	$	26,114	$	0		$	379,021
Interest expense	49,634		0		5,153			54,787
Net interest income	303,273		26,114		(5,153		)	324,234
Provision for credit losses	0		0		0			0
Noninterest income	73,380		67,670		(464		)	140,586
Noninterest expense	246,185		80,592		6,535			333,312
Income (loss) before income taxes	$	130,468	$	13,192	$	(12,152	)	$	131,508
Total assets	$	10,147,510	$	144,403	$	27,336		$	10,319,249

	As of and for the Year Ended December 31, 2012
	Community Banking		Home Loan Division		Other and Eliminations			Total
	(in thousands)
Interest income	$	360,901	$	28,299	$	0		$	389,200
Interest expense	78,004		0		6,518			84,522
Net interest income	282,897		28,299		(6,518		)	304,678
Provision for credit losses	9,980		20		0			10,000
Noninterest income	46,433		108,391		(571		)	154,253
Noninterest expense	266,486		92,742		(3,975		)	355,253
Income (loss) before income taxes	$	52,864	$	43,928	$	(3,114	)	$	93,678
Total assets	$	8,754,170	$	477,127	$	5,613		$	9,236,910

	As of and for the Year Ended December 31, 2011
	Community Banking		Home Loan Division		Other and Eliminations			Total
	(in thousands)
Interest income	$	387,365	$	16,927	$	0		$	404,292
Interest expense	102,963		0		6,134			109,097
Net interest income	284,402		16,927		(6,134		)	295,195
Provision for credit losses	56,507		71		(26,578		)	30,000
Noninterest income	76,337		48,865		1,126			126,328
Noninterest expense	295,139		58,979		(1,728		)	352,390
Income (loss) before income taxes	$	9,093	$	6,742	$	23,298		$	39,133
Total assets	$	9,219,398	$	2,594	$	(28,755	)	$	9,193,237