Sterling National Bank Mortgage Rates, Fees & Info

Pearl River, NY

LEI: 549300TN38DPH732VI61

Tax ID: 13-1726107

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Sterling National Bank is a smaller bank specializing in Home Purchase and Refi loans. Sterling National Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Boston, Kingston, Bridgeport, and Poughkeepsie among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sterling National Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Sterling National Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    225

    Origination Dollar Volume (All Markets)

    $660,135,000

    Employee count

    1,907

    Awards

    Sterling National Bank 30 Year Conventional Loans gold Sterling National Bank 30 Year Conventional Loans gold
    Show all (2) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 211 $617,095,000 $2,924,621 $6,432 4.17%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $13,005,000 $13,005,000 $0 4.15%
    KINGSTON, NY (FHA|USDA|VA) 1 $9,185,000 $9,185,000 $0 5.13%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 3 $8,005,000 $2,668,333 $0 4.46%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 3 $3,525,000 $1,175,000 $4,491 4.08%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $2,765,000 $2,765,000 $8,935 4.25%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $1,905,000 $1,905,000 $0 4.56%
    Outside of Metro Areas 1 $1,755,000 $1,755,000 $0 4.23%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $1,335,000 $1,335,000 $0 3.56%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $1,255,000 $1,255,000 $0 4.81%
    Hudson, NY (FHA|USDA|VA) 1 $305,000 $305,000 $5,527 4.00%
    Sterling National Bank's top markets include New York, Boston, Kingston, Bridgeport, and Poughkeepsie among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Sterling National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    N C P D Federal Credit Union
    Similarity Rank: 55
    Bogota Savings Bank
    Similarity Rank: 63
    Union County Savings Bank
    Similarity Rank: 66
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 80
    Freehold Savings Bank
    Similarity Rank: 120
    The Atlantic Federal Credit Union
    Similarity Rank: 120
    Blue Foundry Bank
    Similarity Rank: 125
    Investors Home Mortgage-IHM
    Similarity Rank: 156
    GREATER ALLIANCE
    Similarity Rank: 231
    Nassau Educators Federal Credit Union
    Similarity Rank: 248

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 225 $660,135,000 $2,933,933 $6,408 4.18%

    For 2018, Sterling National Bank's most frequently originated type of loan was Conventional, with 225 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 145 $281,135,000 $1,938,862 $5,652 4.07%
    Refi 72 $366,220,000 $5,086,389 $5,733 4.44%
    Home Improvement 3 $1,025,000 $341,667 $2,653 3.54%
    Cash Out Refi 3 $10,455,000 $3,485,000 $31,764 4.00%
    NA 2 $1,300,000 $650,000 $4,946 3.94%

    For 2018, Sterling National Bank's most frequently cited loan purpose was Home Purchase, with 145 originations. The 2nd most popular reason was Refi, with 72 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 114 $67,890,000 $595,526 $6,408 3.77%
    5 Year 46 $322,110,000 $7,002,391 $0 4.47%
    10 Year 30 $146,710,000 $4,890,333 $0 4.66%
    Other 20 $100,340,000 $5,017,000 $0 4.53%
    1 Year 12 $9,890,000 $824,167 $0 5.10%
    3 Year 3 $13,195,000 $4,398,333 $0 4.49%

    For 2018, Sterling National Bank's most frequently cited loan duration was 30 Year, with 114 originations. The 2nd most popular length was 5 Year, with 46 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 54 $24,510,000 $453,889
    $<1k 39 $15,345,000 $393,462
    $5k+ 7 $18,245,000 $2,606,429
    $3k-4k 6 $5,210,000 $868,333
    $2k-3k 3 $2,195,000 $731,667
    $4k-5k 1 $1,075,000 $1,075,000

    Sterling National Bank's average total fees were $6,408, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 54 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 103 $455,605,000 $4,423,350
    3-4% 96 $171,730,000 $1,788,854
    5-6% 22 $32,590,000 $1,481,364
    2.5-3% 4 $210,000 $52,500

    During 2018, Sterling National Bank's average interest rate for loans was 3.77%, while their most frequently originated rate bucket for loans was 4-5%, with 103 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 106 $615,170,000 $5,803,491 $14,236 4.40%
    $600k-1MM 33 $23,895,000 $724,091 $5,856 4.53%
    $200k-400k 31 $8,885,000 $286,613 $4,853 3.94%
    $100,000 or less 22 $370,000 $16,818 $0 3.22%
    $400k-600k 20 $9,920,000 $496,000 $5,075 4.38%
    $100k-200k 13 $1,895,000 $145,769 $3,668 3.35%

    2018 saw Sterling National Bank place emphasis on $1MM+ loans with 106 originations, totaling $615,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 34 $44,360,000 $1,304,706 $9,762 4.09%
    $50k-75k 27 $4,525,000 $167,593 $4,089 3.39%
    $50k or less 20 $3,690,000 $184,500 $3,434 3.43%
    $150k-250k 12 $8,110,000 $675,833 $5,256 4.07%
    $75k-100k 12 $3,380,000 $281,667 $5,006 3.72%
    $100k-150k 8 $2,710,000 $338,750 $5,548 3.97%

    Sterling National Bank lent most frequently to those with incomes in the $250k+ range, with 34 originations. The second most popular income band? $50k-75k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 22 $16,970,000 $771,364 $8,714 3.74%
    30-36% 21 $12,225,000 $582,143 $5,870 3.81%
    39% 11 $4,105,000 $373,182 $6,271 3.69%
    <20% 10 $12,720,000 $1,272,000 $9,915 4.20%
    37% 9 $5,395,000 $599,444 $4,499 3.78%
    42% 9 $3,985,000 $442,778 $4,235 3.71%
    41% 8 $3,200,000 $400,000 $5,553 3.41%
    36% 8 $2,240,000 $280,000 $4,274 3.66%
    40% 5 $1,855,000 $371,000 $5,938 3.55%
    38% 4 $1,280,000 $320,000 $2,907 3.44%
    43% 2 $930,000 $465,000 $6,777 4.06%
    47% 2 $1,070,000 $535,000 $6,243 4.19%
    44% 1 $295,000 $295,000 $7,663 3.88%
    >60% 1 $505,000 $505,000 $3,628 3.88%

    Sterling National Bank lent most frequently to those with DTI ratios of 20-30%, with 22 originations. The next most common DTI ratio? 30-36%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 112 $593,360,000 $5,297,857 $0 4.60%
    White 64 $47,730,000 $745,781 $7,348 3.88%
    Asian 14 $11,710,000 $836,429 $6,103 3.90%
    Not provided 8 $3,570,000 $446,250 $5,240 3.75%
    Black 26 $3,490,000 $134,231 $2,639 3.41%
    Native Hawaiian or Islander 1 $275,000 $275,000 $5,435 3.13%

    Approval Rates

    Total approvals of all applications
    93.64%

    Sterling National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.78%

    Sterling National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 225 $660,135,000 $2,933,933

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 86 $551,090,000 $6,408,023
    Single Family (1-4 Units):Site-Built 139 $109,045,000 $784,496

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $36,365,000 $2,424,333 $14,727 4.36%
    40-60% 44 $121,700,000 $2,765,909 $7,204 4.43%
    60-80% 89 $260,545,000 $2,927,472 $5,790 4.27%
    80-100% 50 $40,760,000 $815,200 $5,030 3.54%
    Over 100% 14 $171,890,000 $12,277,857 $0 4.60%
    Under 20% 13 $28,875,000 $2,221,154 $0 4.47%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    STERLING BANCORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 13.3%
    STERLING BANCORP Conventional home mortgage Closing on a mortgage 2 13.3%
    STERLING BANCORP Conventional home mortgage Struggling to pay mortgage 5 33.3%
    STERLING BANCORP Conventional home mortgage Trouble during payment process 2 13.3%
    STERLING BANCORP FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    STERLING BANCORP Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    STERLING BANCORP Other type of mortgage Struggling to pay mortgage 1 6.7%
    STERLING BANCORP Other type of mortgage Trouble during payment process 1 6.7%

    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 $310,339
    Sterling National Bank 1 Lake Road West, Suite 1 Congers, NY 10920 Full Service B&M $90,503
    Sterling National Bank 1001 Park Blvd. Massapequa Park, NY 11762 Full Service B&M $108,920
    Sterling National Bank 101 Church Avenue Brooklyn, NY 11218 Full Service B&M $147,516
    Sterling National Bank 1015 Route 112 Port Jefferson Station, NY 11776 Full Service B&M $136,513
    Sterling National Bank 1045 Flatbush Avenue Brooklyn, NY 11226 Full Service B&M $62,369
    Sterling National Bank 1047 North Country Road Stony Brook, NY 11790 Full Service B&M $103,237
    Sterling National Bank 108-01 Queens Boulevard Forest Hills, NY 11375 Full Service B&M $86,079
    Sterling National Bank 110 Main Street Port Washington, NY 11050 Full Service B&M $38,854
    Sterling National Bank 110 Seventh Avenue Brooklyn, NY 11215 Full Service B&M $118,549
    Sterling National Bank 1133 Westchester Avenue, Suite N224 White Plains, NY 10604 Full Service B&M $70
    Sterling National Bank 114 Northern Blvd Greenvale, NY 11548 Full Service B&M $56,166
    Sterling National Bank 1149 Wantagh Avenue Wantagh, NY 11793 Full Service B&M $90,731
    Sterling National Bank 1150 Franklin Ave Garden City, NY 11530 Full Service B&M $167,974
    Sterling National Bank 120 South Franklin Avenue Valley Stream, NY 11580 Full Service B&M $113,360
    Sterling National Bank 1229 East Jericho Turnpike Huntington, NY 11743 Full Service B&M $73,750
    Sterling National Bank 1336 Montauk Highway Oakdale, NY 11769 Full Service B&M $69,718
    Sterling National Bank 1401 Avenue M Brooklyn, NY 11230 Full Service B&M $122,501
    Sterling National Bank 1412 Broadway, 7th Floor New York, NY 10018 Full Service B&M $2,596,702
    Sterling National Bank 1425 Route 300 Newburgh, NY 12550 Full Service B&M $28,353
    Sterling National Bank 153 South Liberty Dr Route 9w Stony Point, NY 10980 Full Service B&M $142,123
    Sterling National Bank 153-01 10th Avenue Whitestone, NY 11357 Full Service B&M $114,450
    Sterling National Bank 153-17 Cross Island Parkway Whitestone, NY 11357 Full Service B&M $233,259
    Sterling National Bank 155 Jericho Turnpike Floral Park, NY 11001 Full Service B&M $125,433
    Sterling National Bank 1550 Flatbush Avenue Brooklyn, NY 11210 Full Service B&M $78,348
    Sterling National Bank 1585 Dutch Broadway Valley Stream, NY 11580 Full Service B&M $53,647
    Sterling National Bank 16 Court Street, Suite 1907 Brooklyn, NY 11241 Full Service B&M $193,407
    Sterling National Bank 162 Hillside Avenue Williston Park, NY 11596 Full Service B&M $141,550
    Sterling National Bank 1622 Hempstead Turnpike East Meadow, NY 11554 Full Service B&M $87,220
    Sterling National Bank 164 Manetto Hill Rd Plainview, NY 11803 Full Service B&M $112,044
    Sterling National Bank 1672 Sheepshead Bay Road Brooklyn, NY 11235 Full Service B&M $64,362
    Sterling National Bank 179 South Main Street New City, NY 10956 Full Service B&M $125,838
    Sterling National Bank 179-25 Hillside Avenue Jamaica, NY 11432 Full Service B&M $99,610
    Sterling National Bank 18 Oakland Avenue Warwick, NY 10990 Full Service B&M $139,072
    Sterling National Bank 180 East Main Street East Islip, NY 11730 Full Service B&M $127,608
    Sterling National Bank 180 West Main Street Babylon, NY 11702 Full Service B&M $196,431
    Sterling National Bank 1875 Route 6 Carmel, NY 10512 Full Service B&M $36,403
    Sterling National Bank 1880 Middle Country Rd Ridge, NY 11961 Full Service B&M $71,441
    Sterling National Bank 196 Route 59 Airmont, NY 10901 Full Service B&M $127,391
    Sterling National Bank 2090 East Merrick Road Merrick, NY 11566 Full Service B&M $113,575
    Sterling National Bank 21 Scarsdale Road Yonkers, NY 10707 Full Service B&M $2,568,936
    Sterling National Bank 2133 Knapp Street Brooklyn, NY 11229 Full Service B&M $85,424
    Sterling National Bank 24 North Highland Avenue Nyack, NY 10960 Full Service B&M $26,405
    Sterling National Bank 26-26 Jackson Avenue Long Island City, NY 11101 Full Service B&M $6,255
    Sterling National Bank 2775 Route 112 Medford, NY 11763 Full Service B&M $52,203
    Sterling National Bank 29-34 30th Ave Long Island City, NY 11102 Full Service B&M $85,307
    Sterling National Bank 290 Broadhollow Road, Suite 402e Melville, NY 11747 Full Service B&M $355,596
    Sterling National Bank 30-33 Stratton Street Flushing, NY 11354 Full Service B&M $50,552
    Sterling National Bank 300 East Main Street Bay Shore, NY 11706 Full Service B&M $88,584
    Sterling National Bank 301 North Broadway Jericho, NY 11753 Full Service B&M $87,147
    Sterling National Bank 31-24 Ditmars Blvd Long Island City, NY 11105 Full Service B&M $262,378
    Sterling National Bank 3105 Hempstead Tpke Levittown, NY 11756 Full Service B&M $108,239
    Sterling National Bank 320 Walt Whitman Rd Huntington Station, NY 11746 Full Service B&M $79,141
    Sterling National Bank 325 Route 25a Rocky Point, NY 11778 Full Service B&M $89,941
    Sterling National Bank 33 Main St Kings Park, NY 11754 Full Service B&M $124,219
    Sterling National Bank 339 Merrick Road Rockville Centre, NY 11570 Full Service B&M $99,542
    Sterling National Bank 35 East Grassy Sprain Road Yonkers, NY 10710 Full Service B&M $119,395
    Sterling National Bank 3535 Long Beach Road, Sands Shopping Center Oceanside, NY 11572 Full Service B&M $113,635
    Sterling National Bank 360 Merrick Rd Lynbrook, NY 11563 Full Service B&M $124,818
    Sterling National Bank 361 Sunrise Hwy Patchogue, NY 11772 Full Service B&M $82,460
    Sterling National Bank 363 Hempstead Avenue Malverne, NY 11565 Full Service B&M $87,303
    Sterling National Bank 369 East 149th Street Bronx, NY 10455 Full Service B&M $29,567
    Sterling National Bank 37 East Main Street Elmsford, NY 10523 Full Service B&M $32,743
    Sterling National Bank 37-16 30th Avenue Long Island City, NY 11103 Full Service B&M $283,242
    Sterling National Bank 375 Route 303 Orangeburg, NY 10962 Full Service B&M $63,780
    Sterling National Bank 38-40 New Main Street Haverstraw, NY 10927 Full Service B&M $31,889
    Sterling National Bank 3887 Merrick Road Seaford, NY 11783 Full Service B&M $96,629
    Sterling National Bank 4 Great Neck Road Great Neck, NY 11021 Full Service B&M $106,790
    Sterling National Bank 40 Church Street White Plains, NY 10601 Full Service B&M $56,609
    Sterling National Bank 400 Rella Boulevard Montebello, NY 10901 Full Service B&M $4,103,307
    Sterling National Bank 403 East Sanford Boulevard Mount Vernon, NY 10550 Full Service B&M $37,221
    Sterling National Bank 4302 18th Avenue Brooklyn, NY 11218 Full Service B&M $116,499
    Sterling National Bank 44 Cedar Swamp Road Glen Cove, NY 11542 Full Service B&M $139,224
    Sterling National Bank 44 West Route 59 Nanuet, NY 10954 Full Service B&M $82,888
    Sterling National Bank 459 5th Avenue Brooklyn, NY 11215 Full Service B&M $121,785
    Sterling National Bank 46-08 Francis Lewis Blvd Flushing, NY 11361 Full Service B&M $222,965
    Sterling National Bank 464 Atlantic Ave East Rockaway, NY 11518 Full Service B&M $80,057
    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 $146,632
    Sterling National Bank 50 Jackson Avenue Syosset, NY 11791 Full Service B&M $119,370
    Sterling National Bank 512 Seventh Avenue New York City, NY 10018 Full Service B&M $207,709
    Sterling National Bank 5193 Main Street South Fallsburg, NY 12779 Full Service B&M $31,789
    Sterling National Bank 5220 13th Avenue Brooklyn, NY 11219 Full Service B&M $89,022
    Sterling National Bank 526 Union Blvd West Islip, NY 11795 Full Service B&M $97,376
    Sterling National Bank 532 Broadhollow Road Melville, NY 11747 Full Service B&M $11,073
    Sterling National Bank 560 Warburton Av Hastings-On-Hudson, NY 10706 Full Service B&M $90,123
    Sterling National Bank 57-07 Junction Boulevard Elmhurst, NY 11373 Full Service B&M $52,148
    Sterling National Bank 591 Route 17m Monroe, NY 10950 Full Service B&M $163,238
    Sterling National Bank 599 Middle Country Rd Middle Island, NY 11953 Full Service B&M $109,814
    Sterling National Bank 60 Matthews Street Goshen, NY 10924 Full Service B&M $63,239
    Sterling National Bank 60-20 Woodside Ave Woodside, NY 11377 Full Service B&M $138,463
    Sterling National Bank 61 S Paramus Road, Suite 116 Paramus, NJ 7652 Full Service B&M $386,827
    Sterling National Bank 61 South Broadway Yonkers, NY 10701 Full Service B&M $34,542
    Sterling National Bank 63-72 108th Street Forest Hills, NY 11375 Full Service B&M $139,550
    Sterling National Bank 6348 Route 25a Wading River, NY 11792 Full Service B&M $81,594
    Sterling National Bank 65 Nugent Street Southampton, NY 11968 Full Service B&M $54,386
    Sterling National Bank 664 Main Street Mount Kisco, NY 10549 Full Service B&M $33,365
    Sterling National Bank 68-17 Myrtle Ave Glendale, NY 11385 Full Service B&M $68,184
    Sterling National Bank 696 Horseblock Road Farmingville, NY 11738 Full Service B&M $68,582
    Sterling National Bank 7 Edward J. Lempka Drive Florida, NY 10921 Full Service B&M $105,067
    Sterling National Bank 7 Penn Plaza New York, NY 10001 Full Service B&M $34,836
    Sterling National Bank 70 Canal Street Ellenville, NY 12428 Full Service B&M $49,640
    Sterling National Bank 71 Sunset Avenue Westhampton Beach, NY 11978 Full Service B&M $31,903
    Sterling National Bank 71-20 Kissena Blvd Flushing, NY 11367 Full Service B&M $47,683
    Sterling National Bank 711 Franklin Avenue Franklin Square, NY 11010 Full Service B&M $71,940
    Sterling National Bank 718 Medford Ave. Patchogue, NY 11772 Full Service B&M $54,258
    Sterling National Bank 72-35 Broadway Jackson Heights, NY 11372 Full Service B&M $119,513
    Sterling National Bank 729 Saw Mill River Road Ardsley, NY 10502 Full Service B&M $109,307
    Sterling National Bank 75-25 Metropolitan Avenue Middle Village, NY 11379 Full Service B&M $176,352
    Sterling National Bank 839 New York Ave Huntington, NY 11743 Full Service B&M $57,013
    Sterling National Bank 845 Wheeler Road Hauppauge, NY 11788 Full Service B&M $111,268
    Sterling National Bank 865 Mclean Avenue Yonkers, NY 10704 Full Service B&M $52,123
    Sterling National Bank 875 Mamaroneck Ave Mamaroneck, NY 10543 Full Service B&M $42,683
    Sterling National Bank 955 Hempstead Turnpike Franklin Square, NY 11010 Full Service B&M $156,173
    Sterling National Bank 97-33 Queens Blvd. Rego Park, NY 11374 Full Service B&M $98,381
    Sterling National Bank 975 Allerton Avenue Bronx, NY 10469 Full Service B&M $58,561
    Sterling National Bank 98 Cutter Mill Road Great Neck, NY 11021 Full Service B&M $59,286
    Sterling National Bank 99 Covert Avenue Floral Park, NY 11001 Full Service B&M $93,567
    Sterling National Bank 995 Hicksville Rd Massapequa, NY 11758 Full Service B&M $132,089
    Sterling National Bank 999-25 Montauk Highway Shirley, NY 11967 Full Service B&M $61,006
    Sterling National Bank Towne Center At Somers 325 Route 100 Somers, NY 10589 Full Service B&M $91,535

    For 2018, Sterling National Bank had 121 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $1,208,473
    Net interest income $976,105
    Total noninterest income $115,733
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $19,379
    Trading account gains and fees $0
    Additional Noninterest Income $96,354
    Pre-tax net operating income $600,282
    Securities gains (or losses, -) $-10,788
    Income before extraordinary items $465,121
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $465,121
    Minority interest net income $0
    Net income $465,121
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $473,643

    Sterling National Bank's gross interest income from loans was $1,208,473,000.
    Sterling National Bank's net interest income from loans was $976,105,000.
    Sterling National Bank's fee based income from loans was $19,379,000.
    Sterling National Bank's net income from loans was $465,121,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $232,368
    Provision for credit losses $46,000
    Total noninterest expense $445,556
    Salaries and employee benefits $215,911
    Premises and equipment expense $68,520
    Additional noninterest expense $161,125
    Applicable income taxes $124,373
    Net charge-offs $28,230
    Cash dividends $290,007

    Sterling National Bank's interest expense for loans was $232,368,000.
    Sterling National Bank's payroll and benefits expense were $215,911,000.
    Sterling National Bank's property, plant and equipment expenses $68,520,000.

    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 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 6.0%
    All other family 1.0%
    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 $21,337,176
    Deposits held in domestic offices $21,337,176
    Deposits by Individuals, partnerships, and corporations $19,585,506
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,751,670
    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 $1,361,492
    Demand deposits $1,361,492
    Nontransaction accounts $19,975,684
    Money market deposit accounts (MMDAs) $15,043,927
    Other savings deposits (excluding MMDAs) $2,455,411
    Total time deposits $2,476,346
    Total time and savings deposits $19,975,684
    Noninterest-bearing deposits $4,332,576
    Interest-bearing deposits $17,004,600
    Retail deposits $19,810,928
    IRAs and Keogh plan accounts $1,124,548
    Brokered deposits $1,157,822
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $31,331,572
    Cash & Balances due from depository institutions $450,106
    Interest-bearing balances $198,160
    Total securities $6,667,180
    Federal funds sold & reverse repurchase $0
    Net loans and leases $20,688,832
    Loan and leases loss allowance $95,677
    Trading account assets $18,215
    Bank premises and fixed assets $264,194
    Other real estate owned $19,377
    Goodwill and other intangibles $1,703,695
    All other assets $1,519,973

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $31,331,572
    Total Liabilities $26,817,995
    Total deposits $21,337,176
    Interest-bearing deposits $17,004,600
    Deposits held in domestic offices $21,337,176
    % insured (estimated) $60
    Federal funds purchased and repurchase agreements $21,338
    Trading liabilities $13,001
    Other borrowed funds $4,838,771
    Subordinated debt $172,943
    All other liabilities $434,766

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $20,688,832
    Loan and leases loss allowance $95,677
    Total loans and leases (domestic) $20,784,509
    All real estate loans $14,227,309
    Real estate loans in domestic offices $14,227,309
    Construction and development loans $267,754
    Residential 1-4 family construction $20,342
    Other construction, all land development and other land $247,412
    Loans secured by nonfarm nonresidential properties $4,663,639
    Nonfarm nonresidential secured by owner-occupied properties $712,240
    Commercial real estate & other non-farm, non-residential $3,951,399
    Multifamily residential real estate $4,764,256
    1-4 family residential loans $4,529,921
    Farmland loans $1,739
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $4,885,899
    To non-U.S. addressees $0
    Loans to individuals $12,515
    Credit card loans $0
    Related Plans $8,285
    Consumer Auto Loans $42
    Other loans to individuals $4,188
    All other loans & leases $1,658,786
    Loans to foreign governments and official institutions $0
    Other loans $798,040
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $383,825
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $34,892
    Non 1-4 family restructured loans & leases $21,987
    Total loans and leases (foreign) $0

    Sterling National Bank had $20,688,832,000 of loans outstanding in 2018. $14,227,309,000 of loans were in real estate loans. $267,754,000 of loans were in development loans. $4,764,256,000 of loans were in multifamily mortgage loans. $4,529,921,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $42,000 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 932 $290,143 $311,312
    Nonfarm, nonresidential loans - <$100k 104 $2,743 $26,375
    Nonfarm, nonresidential loans - $100-250k 179 $18,510 $103,408
    Nonfarm, nonresidential loans - $250k-1MM 649 $268,890 $414,314
    Commercial & Industrial, US addressed loans - <$1MM 13,367 $1,222,485 $91,455
    Commercial & Industrial, US addressed loans - <$100k 7,475 $194,581 $26,031
    Commercial & Industrial, US addressed loans - $100-250k 3,488 $321,487 $92,169
    Commercial & Industrial, US addressed loans - $250k-1MM 2,404 $706,417 $293,851
    Farmland loans - <$1MM 8 $1,506 $188,250
    Farmland loans - $100-250k 2 $250 $125,000
    Farmland loans - $250k-1MM 6 $1,256 $209,333