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Consolidated Statements of Condition (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and due from banks $ 38,944 $ 31,046
Interest-bearing deposits with other banks 112,886 126,448
Securities available for sale (at estimated fair value; pledged: $174,240 in 2012 and $146,429 in 2011) 296,837 270,014
Securities held to maturity (pledged: $136,109 in 2012 and $206,282 in 2011) (estimated fair value: $403,218 in 2012 and $425,775 in 2011) 386,408 407,857
Total investment securities 683,245 677,871
Loans held for sale 121,237 43,372
Loans held in portfolio, net of unearned discounts 1,649,753 1,473,309
Less allowance for loan losses 22,347 20,029
Loans, net 1,627,406 1,453,280
Federal Reserve and Federal Home Loan bank stock, at cost 7,472 8,486
Customers’ liability under acceptances   4
Goodwill 22,901 22,901
Premises and equipment, net 22,578 23,625
Other real estate 1,452 1,929
Accrued interest receivable 6,853 6,838
Cash surrender value of life insurance policies 54,556 53,446
Other assets 51,312 44,051
Total assets 2,750,842 2,493,297
LIABILITIES AND SHAREHOLDER’S EQUITY    
Noninterest-bearing demand deposits 924,351 765,800
Savings, NOW and money market deposits 701,692 565,423
Time deposits 642,041 657,848
Total deposits 2,268,084 1,989,071
Securities sold under agreements to repurchase—customers 32,950 52,313
Advances—FHLB 101,265 122,733
Acceptances outstanding   4
Accrued interest payable 649 1,064
Accrued expenses and other liabilities 78,685 68,032
Total liabilities 2,522,752 2,272,476
Common shares, $50 par value per share; Authorized and issued, 358,526 shares 35,264 35,225
Capital surplus 271,565 270,869
Undivided profits 24,407 15,523
Accumulated other comprehensive loss (16,491) (14,216)
Total shareholder’s equity 228,090 220,821
Total liabilities and shareholder’s equity 2,750,842 2,493,297
Sterling National Bank [Member]
   
ASSETS    
Cash and due from banks 38,940 31,034
Interest-bearing deposits with other banks 112,886 126,448
Securities available for sale (at estimated fair value; pledged: $174,240 in 2012 and $146,429 in 2011) 285,274 261,442
Securities held to maturity (pledged: $136,109 in 2012 and $206,282 in 2011) (estimated fair value: $403,218 in 2012 and $425,775 in 2011) 386,408 407,857
Total investment securities 671,682 669,299
Loans held for sale 121,237 43,372
Loans held in portfolio, net of unearned discounts 1,638,980 1,463,182
Less allowance for loan losses 22,347 20,029
Loans, net 1,616,633 1,443,153
Federal Reserve and Federal Home Loan bank stock, at cost 7,472 8,486
Customers’ liability under acceptances   4
Goodwill 1,742 1,742
Premises and equipment, net 22,578 23,622
Other real estate 1,452 1,929
Accrued interest receivable 6,853 6,642
Cash surrender value of life insurance policies 49,797 48,838
Other assets 55,369 53,136
Total assets 2,706,641 2,457,705
LIABILITIES AND SHAREHOLDER’S EQUITY    
Noninterest-bearing demand deposits 924,375 786,673
Savings, NOW and money market deposits 708,141 567,021
Time deposits 642,041 657,848
Total deposits 2,274,557 2,011,542
Securities sold under agreements to repurchase—customers 32,950 47,313
Securities sold under agreements to repurchase—dealers   5,000
Advances—FHLB 101,265 122,733
Acceptances outstanding   4
Accrued interest payable 646 1,062
Accrued expenses and other liabilities 70,030 64,807
Total liabilities 2,479,448 2,252,461
Common shares, $50 par value per share; Authorized and issued, 358,526 shares 17,926 17,926
Capital surplus 51,638 51,263
Undivided profits 170,740 146,888
Accumulated other comprehensive loss (13,111) (10,833)
Total shareholder’s equity 227,193 205,244
Total liabilities and shareholder’s equity $ 2,706,641 $ 2,457,705