Offsetting Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2013

Offsetting Assets and Liabilities [Abstract]

Offsetting Liabilities

The following summarizes Sterling's interest rate swaps and securities sold under repurchase agreements, all of which Sterling presents on a gross basis on its balance sheet:

							Pledged Collateral on Balance Sheet
	Amount Recognized		Amount Offset on Balance Sheet		Amount Presented on Balance Sheet		Securities		Cash		Net Position
December 31, 2013	(in thousands)
Assets
Interest rate swaps	$	508	$	0	$	508	$	0	$	0	$	508
Total	$	508	$	0	$	508	$	0	$	0	$	508
Liabilities
Securities sold under repurchase agreements	$	531,679	$	0	$	531,679	$	531,679	$	0	$	0
Interest rate swaps	516		0		516		0		516		0
Total	$	532,195	$	0	$	532,195	$	531,679	$	516	$	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