Sterling National Bank Mortgage Rates, Fees & Info
Pearl River, NYLEI: 549300TN38DPH732VI61
Tax ID: 13-1726107
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Bank Data
Overview
Sterling National Bank is a smaller bank specializing in Cash Out Refi loans. Sterling National Bank has a high proportion of conventional loans. Their top markets include New York, Poughkeepsie, Bridgeport, Houma, and San Jose among others. Sterling National Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Sterling National Bank is typically a high fee lendor.Originations
229Origination Dollar Volume (All Markets)
$810,725,000Employee count
1,439Relative Rate
Sterling National Bank's average 30 year fixed rate mortgage of loans were
3.04%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.11%.
Relative Fees
Sterling National Bank's average total fees for a 30 year fixed rate
mortgage are $6,398.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 201 | $774,955,000 | $3,855,498 | $6,435 | 3.02% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 10 | $11,210,000 | $1,121,000 | $4,732 | 3.27% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 6 | $8,670,000 | $1,445,000 | $7,632 | 3.31% |
| Outside of Metro Areas | 3 | $3,905,000 | $1,301,667 | $4,205 | 3.33% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $3,075,000 | $3,075,000 | $0 | 3.75% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $2,405,000 | $2,405,000 | $9,783 | 3.13% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $2,150,000 | $1,075,000 | $6,861 | 3.06% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $1,175,000 | $1,175,000 | $2,393 | 3.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $1,055,000 | $1,055,000 | $11,053 | 3.13% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $7,197 | 3.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $5,518 | 3.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,511 | 3.00% |
Sterling National Bank's top markets include New York, Poughkeepsie, Bridgeport, Houma, and San Jose among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 229 | $810,725,000 | $3,540,284 | $6,386 | 3.04% |
For the 2021 period, Sterling National Bank's most frequently originated loan type of loans were Conventional, with 229 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 100 | $655,440,000 | $6,554,400 | $7,716 | 3.04% |
| Home Purchase | 85 | $107,805,000 | $1,268,294 | $5,532 | 3.05% |
| Refi | 40 | $39,300,000 | $982,500 | $7,423 | 3.02% |
| Home Improvement | 4 | $8,180,000 | $2,045,000 | $4,674 | 3.03% |
For the 2021, Sterling National Bank's most frequently cited loan purpose of loans were Cash Out Refi, with 100 originations. The 2nd most popular reason of loans were Home Purchase, with 85 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 129 | $101,725,000 | $788,566 | $6,398 | 3.04% |
| Other | 49 | $372,365,000 | $7,599,286 | $4,541 | 2.98% |
| 5 Year | 38 | $313,170,000 | $8,241,316 | $0 | 3.11% |
| 10 Year | 6 | $18,260,000 | $3,043,333 | $0 | 3.48% |
| 15 Year | 5 | $3,005,000 | $601,000 | $6,623 | 2.50% |
| 20 Year | 1 | $495,000 | $495,000 | $5,562 | 3.00% |
| 3 Year | 1 | $1,705,000 | $1,705,000 | $0 | 3.36% |
For the 2021, Sterling National Bank's most frequently cited loan length of loans were 30 Year, with 129 originations. The 2nd most popular length of loans were Other, with 49 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 72 | $50,260,000 | $698,056 |
| $3k-4k | 20 | $18,580,000 | $929,000 |
| $<1k | 17 | $6,175,000 | $363,235 |
| $2k-3k | 16 | $12,460,000 | $778,750 |
| $5k+ | 11 | $18,235,000 | $1,657,727 |
$6,398 of loans were Sterling National Bank's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 72 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 123 | $480,505,000 | $3,906,545 |
| 3-4% | 88 | $273,030,000 | $3,102,614 |
| <2.5% | 14 | $52,270,000 | $3,733,571 |
| 4-5% | 3 | $4,735,000 | $1,578,333 |
During 2021, Sterling National Bank's average interest rate of loans were 3.04%, while their most frequently originated rate bucket of loans were 2.5-3%, with 123 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 122 | $755,770,000 | $6,194,836 | $9,209 | 3.01% |
| $600k-1MM | 39 | $30,675,000 | $786,538 | $6,403 | 3.04% |
| $400k-600k | 36 | $18,490,000 | $513,611 | $6,159 | 3.00% |
| $200k-400k | 13 | $3,885,000 | $298,846 | $4,337 | 3.19% |
| $100k-200k | 11 | $1,625,000 | $147,727 | $4,326 | 3.21% |
| $100,000 or less | 8 | $280,000 | $35,000 | $441 | 3.25% |
2021 saw Sterling National Bank place emphasis on $1MM+ loans with 122 originations, totaling $755,770,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 58 | $68,840,000 | $1,186,897 | $8,028 | 2.94% |
| $150k-250k | 32 | $22,980,000 | $718,125 | $6,344 | 2.97% |
| $50k-75k | 14 | $2,370,000 | $169,286 | $2,977 | 3.25% |
| $100k-150k | 13 | $6,975,000 | $536,538 | $6,384 | 3.02% |
| $50k or less | 10 | $1,180,000 | $118,000 | $3,101 | 3.25% |
| $75k-100k | 9 | $3,365,000 | $373,889 | $4,911 | 3.18% |
Sterling National Bank lent most frequently to those with incomes in the $250k+ range, with 58 originations. The second most popular income band? $150k-250k, with 32 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 34 | $28,480,000 | $837,647 | $6,616 | 3.01% |
| 20-30% | 29 | $25,125,000 | $866,379 | $6,665 | 2.95% |
| 42% | 16 | $8,260,000 | $516,250 | $5,011 | 3.01% |
| 39% | 13 | $8,265,000 | $635,769 | $4,616 | 3.13% |
| <20% | 11 | $8,635,000 | $785,000 | $6,670 | 3.00% |
| 38% | 9 | $5,095,000 | $566,111 | $6,148 | 3.06% |
| 40% | 7 | $4,265,000 | $609,286 | $5,794 | 3.00% |
| 41% | 6 | $2,520,000 | $420,000 | $4,703 | 3.10% |
| 37% | 5 | $4,255,000 | $851,000 | $9,075 | 3.05% |
| 36% | 4 | $4,560,000 | $1,140,000 | $5,832 | 2.94% |
| 43% | 1 | $595,000 | $595,000 | $8,502 | 3.13% |
| >60% | 1 | $5,655,000 | $5,655,000 | $35,423 | 3.75% |
Sterling National Bank lent most frequently to those with DTI ratios of 30-36%, with 34 originations. The next most common DTI ratio? 20-30%, with 29 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 92 | $704,470,000 | $7,657,283 | $0 | 3.07% |
| White | 74 | $62,240,000 | $841,081 | $7,054 | 3.00% |
| Not provided | 36 | $31,620,000 | $878,333 | $6,027 | 3.03% |
| Asian | 10 | $7,990,000 | $799,000 | $7,019 | 2.94% |
| Black | 17 | $4,405,000 | $259,118 | $3,906 | 3.21% |
Approval Rates
Total approvals of all applications95.14%
Sterling National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination85.93%
Sterling National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 229 | $810,725,000 | $3,540,284 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 229 | $810,725,000 | $3,540,284 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 23 | $46,595,000 | $2,025,870 | $9,664 | 3.02% |
| 40-60% | 34 | $150,590,000 | $4,429,118 | $7,546 | 2.99% |
| 60-80% | 123 | $576,175,000 | $4,684,350 | $6,819 | 3.02% |
| 80-100% | 42 | $19,850,000 | $472,619 | $4,493 | 3.12% |
| Under 20% | 7 | $17,515,000 | $2,502,143 | $5,518 | 3.24% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| STERLING BANCORP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 5.3% |
| STERLING BANCORP | Conventional home mortgage | Closing on a mortgage | 1 | 5.3% |
| STERLING BANCORP | Conventional home mortgage | Struggling to pay mortgage | 4 | 21.1% |
| STERLING BANCORP | Conventional home mortgage | Trouble during payment process | 9 | 47.4% |
| STERLING BANCORP | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 5.3% |
| STERLING BANCORP | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 5.3% |
| STERLING BANCORP | Other type of mortgage | Trouble during payment process | 2 | 10.5% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Sterling National Bank | 1 Industrial Drive, Suite 100 Middletown, NY 10941 | Full Service B&M | $282,222 |
| Sterling National Bank | 153-17 Cross Island Parkway Whitestone, NY 11357 | Full Service B&M | $372,780 |
| Sterling National Bank | 155 Jericho Turnpike Floral Park, NY 11001 | Full Service B&M | $198,009 |
| Sterling National Bank | 1550 Flatbush Avenue Brooklyn, NY 11210 | Full Service B&M | $135,314 |
| Sterling National Bank | 162 Hillside Avenue Williston Park, NY 11596 | Full Service B&M | $143,532 |
| Sterling National Bank | 164 Manetto Hill Rd Plainview, NY 11803 | Full Service B&M | $162,445 |
| Sterling National Bank | 179 South Main Street New City, NY 10956 | Full Service B&M | $133,299 |
| Sterling National Bank | 179-25 Hillside Avenue Jamaica, NY 11432 | Full Service B&M | $124,159 |
| Sterling National Bank | 18 Oakland Avenue Warwick, NY 10990 | Full Service B&M | $188,274 |
| Sterling National Bank | 180 East Main Street East Islip, NY 11730 | Full Service B&M | $225,550 |
| Sterling National Bank | 180 West Main Street Babylon, NY 11702 | Full Service B&M | $203,858 |
| Sterling National Bank | 1880 Middle Country Rd Ridge, NY 11961 | Full Service B&M | $119,141 |
| Sterling National Bank | 196 Route 59 Airmont, NY 10901 | Full Service B&M | $144,427 |
| Sterling National Bank | 2 Blue Hill Plz, Second Floor Pearl River, NY 10965 | Full Service B&M | $8,771,063 |
| Sterling National Bank | 2090 East Merrick Road Merrick, NY 11566 | Full Service B&M | $125,761 |
| Sterling National Bank | 300 East Main Street Bay Shore, NY 11706 | Full Service B&M | $94,331 |
| Sterling National Bank | 31-24 Ditmars Blvd Long Island City, NY 11105 | Full Service B&M | $261,470 |
| Sterling National Bank | 3105 Hempstead Tpke Levittown, NY 11756 | Full Service B&M | $177,075 |
| Sterling National Bank | 320 Walt Whitman Rd Huntington Station, NY 11746 | Full Service B&M | $192,637 |
| Sterling National Bank | 325 Route 25a Rocky Point, NY 11778 | Full Service B&M | $172,062 |
| Sterling National Bank | 33 Main St Kings Park, NY 11754 | Full Service B&M | $132,685 |
| Sterling National Bank | 339 Merrick Road Rockville Centre, NY 11570 | Full Service B&M | $107,681 |
| Sterling National Bank | 35 E Grassy Sprain Rd Yonkers, NY 10710 | Full Service B&M | $3,064,796 |
| Sterling National Bank | 44 West Route 59 Nanuet, NY 10954 | Full Service B&M | $110,178 |
| Sterling National Bank | 459 5th Avenue Brooklyn, NY 11215 | Full Service B&M | $137,387 |
| Sterling National Bank | 46-08 Francis Lewis Blvd Flushing, NY 11361 | Full Service B&M | $229,937 |
| Sterling National Bank | 489 Fifth Avenue New York, NY 10017 | Full Service B&M | $0 |
| Sterling National Bank | 489 Neptune Avenue Brooklyn, NY 11224 | Full Service B&M | $223,616 |
| Sterling National Bank | 50 Jackson Avenue Syosset, NY 11791 | Full Service B&M | $112,499 |
| Sterling National Bank | 500 7th Ave New York, NY 10018 | Full Service B&M | $368,356 |
| Sterling National Bank | 5193 Main Street South Fallsburg, NY 12779 | Full Service B&M | $61,774 |
| Sterling National Bank | 5220 13th Avenue Brooklyn, NY 11219 | Full Service B&M | $88,144 |
| Sterling National Bank | 526 Union Blvd West Islip, NY 11795 | Full Service B&M | $112,070 |
| Sterling National Bank | 591 Route 17m Monroe, NY 10950 | Full Service B&M | $215,802 |
| Sterling National Bank | 845 Wheeler Road Hauppauge, NY 11788 | Full Service B&M | $141,274 |
| Sterling National Bank | 865 Mclean Avenue Yonkers, NY 10704 | Full Service B&M | $86,911 |
| Sterling National Bank | 955 Hempstead Turnpike Franklin Square, NY 11010 | Full Service B&M | $242,015 |
| Sterling National Bank | 97-33 Queens Blvd. Rego Park, NY 11374 | Full Service B&M | $127,190 |
| Sterling National Bank | 975 Allerton Avenue Bronx, NY 10469 | Full Service B&M | $102,313 |
| Sterling National Bank | 995 Hicksville Rd Massapequa, NY 11758 | Full Service B&M | $133,400 |
| Sterling National Bank | Towne Center At Somers 325 Route 100 Somers, NY 10589 | Full Service B&M | $132,278 |
| Sterling National Bank | 1 Lake Road West, Suite 1 Congers, NY 10920 | Full Service B&M | $103,649 |
| Sterling National Bank | 1001 Park Blvd. Massapequa Park, NY 11762 | Full Service B&M | $106,202 |
| Sterling National Bank | 101 Church Avenue Brooklyn, NY 11218 | Full Service B&M | $172,436 |
| Sterling National Bank | 1015 Route 112 Port Jefferson Station, NY 11776 | Full Service B&M | $165,191 |
| Sterling National Bank | 1047 North Country Road Stony Brook, NY 11790 | Full Service B&M | $100,405 |
| Sterling National Bank | 110 Seventh Avenue Brooklyn, NY 11215 | Full Service B&M | $105,630 |
| Sterling National Bank | 1149 Wantagh Avenue Wantagh, NY 11793 | Full Service B&M | $116,016 |
| Sterling National Bank | 1150 Franklin Ave Garden City, NY 11530 | Full Service B&M | $182,591 |
| Sterling National Bank | 120 South Franklin Avenue Valley Stream, NY 11580 | Full Service B&M | $126,718 |
| Sterling National Bank | 1401 Avenue M Brooklyn, NY 11230 | Full Service B&M | $111,325 |
| Sterling National Bank | 153 South Liberty Dr Route 9w Stony Point, NY 10980 | Full Service B&M | $172,021 |
| Sterling National Bank | 3535 Long Beach Road, Sands Shopping Center Oceanside, NY 11572 | Full Service B&M | $114,910 |
| Sterling National Bank | 361 Sunrise Hwy Patchogue, NY 11772 | Full Service B&M | $139,110 |
| Sterling National Bank | 363 Hempstead Avenue Malverne, NY 11565 | Full Service B&M | $127,637 |
| Sterling National Bank | 37-16 30th Avenue Long Island City, NY 11103 | Full Service B&M | $336,462 |
| Sterling National Bank | 375 Route 303 Orangeburg, NY 10962 | Full Service B&M | $827,922 |
| Sterling National Bank | 38-40 New Main Street Haverstraw, NY 10927 | Full Service B&M | $27,838 |
| Sterling National Bank | 3887 Merrick Road Seaford, NY 11783 | Full Service B&M | $99,837 |
| Sterling National Bank | 4 Great Neck Road Great Neck, NY 11021 | Full Service B&M | $132,578 |
| Sterling National Bank | 40 Church Street White Plains, NY 10601 | Full Service B&M | $103,177 |
| Sterling National Bank | 4302 18th Avenue Brooklyn, NY 11218 | Full Service B&M | $102,659 |
| Sterling National Bank | 44 Cedar Swamp Road Glen Cove, NY 11542 | Full Service B&M | $173,911 |
| Sterling National Bank | 60-20 Woodside Ave Woodside, NY 11377 | Full Service B&M | $158,567 |
| Sterling National Bank | 61 South Broadway Yonkers, NY 10701 | Full Service B&M | $38,405 |
| Sterling National Bank | 619 Sunrise Highway Lynbrook, NY 11563 | Full Service B&M | $173,496 |
| Sterling National Bank | 63-72 108th Street Forest Hills, NY 11375 | Full Service B&M | $179,137 |
| Sterling National Bank | 6348 Route 25a Wading River, NY 11792 | Full Service B&M | $104,469 |
| Sterling National Bank | 696 Horseblock Road Farmingville, NY 11738 | Full Service B&M | $132,552 |
| Sterling National Bank | 7 Edward J. Lempka Drive Florida, NY 10921 | Full Service B&M | $177,376 |
| Sterling National Bank | 70 Canal Street Ellenville, NY 12428 | Full Service B&M | $66,518 |
| Sterling National Bank | 72-35 Broadway Jackson Heights, NY 11372 | Full Service B&M | $120,393 |
| Sterling National Bank | 729 Saw Mill River Road Ardsley, NY 10502 | Full Service B&M | $197,151 |
| Sterling National Bank | 75-25 Metropolitan Avenue Middle Village, NY 11379 | Full Service B&M | $191,667 |
For 2021, Sterling National Bank had 74 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $917,918 |
| Net interest income | $887,840 |
| Total noninterest income | $133,962 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $21,771 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $112,191 |
| Pre-tax net operating income | $564,294 |
| Securities gains (or losses, -) | $2,967 |
| Income before extraordinary items | $446,331 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $446,331 |
| Minority interest net income | $0 |
| Net income | $446,331 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $443,987 |
Sterling National Bank's gross interest income from loans was $917,918,000.
Sterling National Bank's net interest income from loans was $887,840,000.
Sterling National Bank's fee based income from loans was $21,771,000.
Sterling National Bank's net income from loans was $446,331,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $30,078 |
| Provision for credit losses | $-5,149 |
| Total noninterest expense | $462,657 |
| Salaries and employee benefits | $232,510 |
| Premises and equipment expense | $56,337 |
| Additional noninterest expense | $173,810 |
| Applicable income taxes | $120,930 |
| Net charge-offs | $43,868 |
| Cash dividends | $80,007 |
Sterling National Bank's interest expense for loans was $30,078,000.
Sterling National Bank's payroll and benefits expense were $232,510,000.
Sterling National Bank's property, plant and equipment expenses $56,337,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 3.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 13.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 1.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $22,959,164 |
| Deposits held in domestic offices | $22,959,164 |
| Deposits by Individuals, partnerships, and corporations | $21,027,365 |
| Deposits by U.S. Government | $60 |
| Deposits by States and political subdivisions in the U.S. | $1,931,739 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $11,166,766 |
| Demand deposits | $11,166,766 |
| Nontransaction accounts | $11,792,398 |
| Money market deposit accounts (MMDAs) | $7,874,326 |
| Other savings deposits (excluding MMDAs) | $2,688,288 |
| Total time deposits | $1,229,784 |
| Total time and savings deposits | $11,792,398 |
| Noninterest-bearing deposits | $6,430,243 |
| Interest-bearing deposits | $16,528,921 |
| Retail deposits | $22,799,250 |
| IRAs and Keogh plan accounts | $399,652 |
| Brokered deposits | $60 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $29,558,731 |
| Cash & Balances due from depository institutions | $307,890 |
| Interest-bearing balances | $215,688 |
| Total securities | $4,434,604 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $21,085,648 |
| Loan and leases loss allowance | $278,232 |
| Trading account assets | $69,520 |
| Bank premises and fixed assets | $197,216 |
| Other real estate owned | $197 |
| Goodwill and other intangibles | $1,714,416 |
| All other assets | $1,749,240 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $29,558,731 |
| Total Liabilities | $24,354,369 |
| Total deposits | $22,959,164 |
| Interest-bearing deposits | $16,528,921 |
| Deposits held in domestic offices | $22,959,164 |
| % insured (estimated) | $54 |
| Federal funds purchased and repurchase agreements | $178,008 |
| Trading liabilities | $26,004 |
| Other borrowed funds | $542,000 |
| Subordinated debt | $0 |
| All other liabilities | $649,193 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $21,085,648 |
| Loan and leases loss allowance | $278,232 |
| Total loans and leases (domestic) | $21,363,880 |
| All real estate loans | $12,509,114 |
| Real estate loans in domestic offices | $12,509,114 |
| Construction and development loans | $704,670 |
| Residential 1-4 family construction | $30,493 |
| Other construction, all land development and other land | $674,177 |
| Loans secured by nonfarm nonresidential properties | $6,025,560 |
| Nonfarm nonresidential secured by owner-occupied properties | $862,913 |
| Commercial real estate & other non-farm, non-residential | $5,162,647 |
| Multifamily residential real estate | $4,287,764 |
| 1-4 family residential loans | $1,490,945 |
| Farmland loans | $175 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $5,592,349 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $5,209 |
| Credit card loans | $0 |
| Related Plans | $4,099 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $1,110 |
| All other loans & leases | $3,257,208 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,060,013 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $502,541 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $9,494 |
| Non 1-4 family restructured loans & leases | $2,672 |
| Total loans and leases (foreign) | $0 |
Sterling National Bank had $21,085,648,000 of loans outstanding in 2021. $12,509,114,000 of loans were in real estate loans. $704,670,000 of loans were in development loans. $4,287,764,000 of loans were in multifamily mortgage loans. $1,490,945,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 539 | $182,753 | $339,059 |
| Nonfarm, nonresidential loans - <$100k | 23 | $825 | $35,870 |
| Nonfarm, nonresidential loans - $100-250k | 93 | $8,881 | $95,495 |
| Nonfarm, nonresidential loans - $250k-1MM | 423 | $173,047 | $409,095 |
| Commercial & Industrial, US addressed loans - <$1MM | 3,982 | $403,518 | $101,336 |
| Commercial & Industrial, US addressed loans - <$100k | 1,736 | $21,448 | $12,355 |
| Commercial & Industrial, US addressed loans - $100-250k | 1,054 | $66,582 | $63,171 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 1,192 | $315,488 | $264,671 |
| Farmland loans - <$1MM | 1 | $87 | $87,000 |
| Farmland loans - $100-250k | 1 | $87 | $87,000 |
