STERLING BANCORP STL Balance Sheet

Sterling bancorp (STL)

Balance Sheet / Yearly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Sep'10
ASSETS:
Cash and due from banks
348	329	545	343	314	438	533	445	364	479	407	282	253	293	380	258	486	229	318	362	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and due from banks
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	366	186	121	177	216	164	152	113	109	73	160	437	111	89	43	281	45	90
Securities:
Securities available for sale, at estimated fair value
2,660	3,095	3,061	3,843	3,847	3,870	3,843	3,929	3,760	3,612	2,579	2,095	1,941	1,727	1,417	1,613	1,894	1,921	1,854	2,081	1,214	1,140	1,110	1,160	1,233	1,153	954	889	945	991	1,010	714	852	785	739	919	901
Securities held to maturity (“HTM”), (net of allowance for credit losses of $2,499 at March 31, 2020)
1,953	1,979	1,985	2,015	2,067	2,796	2,842	2,859	2,874	2,862	1,936	1,456	1,474	1,391	1,380	1,367	952	722	673	585	585	572	579	570	527	486	253	175	183	139	142	171	174	182	110	25	33
Total securities
-	-	5,047	5,858	5,915	6,667	6,685	6,789	6,635	6,474	4,515	3,552	3,416	3,118	2,797	2,980	2,847	2,643	2,527	2,666	1,800	1,713	1,689	1,730	1,760	1,640	1,208	1,065	1,129	1,131	1,153	885	1,027	967	849	945	934
Loans held for sale
8	8	4	27	248	1,565	31	30	44	5	0	0	2	41	81	57	27	34	66	73	53	46	17	20	21	24	1	1	1	5	7	5	1	2	4	-	5
Portfolio loans
21,709	21,440	20,830	20,370	19,908	19,218	20,533	20,674	19,939	20,008	10,493	10,232	9,763	9,527	9,168	8,594	8,286	7,859	7,525	7,235	4,938	4,815	4,760	4,558	4,244	4,127	2,412	2,336	2,204	2,193	2,119	1,851	1,799	1,775	1,703	1,685	1,701
Allowance for credit losses - loans
326	106	104	104	98	95	91	86	82	77	72	70	66	63	59	55	53	50	47	44	42	42	40	36	32	30	28	28	27	28	28	27	27	28	27	29	30
Portfolio loans, net
21,383	21,333	20,725	20,265	19,809	19,122	20,441	20,588	19,857	19,931	10,421	10,162	9,697	9,463	9,109	8,538	8,233	7,809	7,478	7,191	4,896	4,773	4,719	4,522	4,212	4,096	2,384	2,308	2,177	2,165	2,091	1,823	1,771	1,747	1,675	1,655	1,670
Assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4	-	-	-	0	-	-
Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”) stock, at cost
240	251	276	320	298	369	351	380	354	284	191	160	148	135	107	102	118	116	89	74	68	75	66	74	53	43	24	28	20	19	19	18	17	21	17	18	19
Accrued interest receivable
102	100	104	106	115	107	109	103	102	94	57	47	48	43	42	35	33	31	31	29	21	19	19	16	18	16	11	11	11	10	-	9	9	9	9	10	11
Premises and equipment, net
228	227	238	250	262	264	289	290	318	321	56	57	57	57	58	60	62	63	63	63	45	46	43	48	49	49	36	37	37	38	38	38	39	39	40	42	43
Goodwill
1,683	1,683	1,657	1,657	1,657	1,613	1,609	1,613	1,579	1,579	696	696	696	696	696	696	696	670	670	669	400	388	388	387	387	387	163	163	163	163	163	160	160	160	160	160	160
Other intangible assets, net
106	110	115	119	124	129	135	141	147	153	59	61	64	66	69	72	75	77	80	84	51	43	45	47	50	53	5	6	6	6	7	3	4	4	4	4	3
Bank owned life insurance (“BOLI”)
616	613	609	598	657	653	660	657	655	651	204	202	201	199	198	196	197	196	195	196	151	150	119	118	117	117	60	60	59	59	59	58	57	57	56	56	50
Other real estate owned
11	12	13	13	16	19	22	20	24	27	11	10	9	13	16	16	14	14	11	9	8	5	7	5	9	11	6	4	-	-	6	-	-	-	-	-	-
Foreclosed properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	7	-	7	5	5	5	-	3
Other assets
990	840	738	675	535	432	389	402	385	357	158	142	63	48	58	50	71	68	63	141	43	40	41	62	80	74	34	28	25	23	34	27	26	23	29	35	25
Total assets
30,335	30,586	30,077	30,237	29,956	31,383	31,261	31,463	30,468	30,359	16,780	15,376	14,659	14,178	13,617	13,065	12,865	11,955	11,597	11,566	7,727	7,424	7,337	7,250	6,924	6,667	4,049	3,824	3,710	3,789	4,022	3,150	3,210	3,084	3,137	2,976	3,021
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES:
Deposits
22,558	22,418	21,579	20,948	21,225	21,214	21,456	20,965	20,623	20,538	11,043	10,502	10,251	10,068	10,197	9,785	9,328	8,580	8,805	8,836	5,555	5,212	5,298	5,102	5,211	4,920	2,962	2,739	2,799	2,904	3,111	2,332	2,368	2,135	2,296	2,098	2,142
FHLB borrowings
1,955	2,245	2,800	3,766	3,259	4,838	4,429	5,067	4,449	4,510	3,016	2,290	2,035	1,791	1,181	1,074	1,444	1,409	806	777	857	1,003	795	939	489	489	462	552	367	345	345	314	313	417	323	350	363
Repurchase agreements
27	22	26	20	27	21	22	19	26	30	188	122	44	16	21	28	23	16	42	39	25	9	45	23	19	81	0	-	-	-	-	-	-	-	-	-	-
Senior Notes
171	173	173	173	173	181	200	278	278	278	76	76	76	76	76	99	98	98	98	98	98	98	98	98	98	98	98	-	-	-	0	0	-	51	51	51	51
Subordinated Notes - Bank
-	-	173	173	173	-	172	172	172	172	172	172	172	172	172	108	108	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26	26	-	-	-	-	-	-	-	-	-	-	-
Mortgage escrow funds
96	58	84	73	102	72	96	130	161	122	19	16	13	13	15	14	14	13	13	12	5	4	4	3	8	13	12	25	17	-19	11	-24	-15	-18	-9	26	-8
Other liabilities
659	693	718	622	576	453	444	476	482	467	292	264	177	184	187	219	148	171	177	180	104	121	134	129	133	112	30	26	30	26	63	34	73	23	24	20	23
Total liabilities
25,912	26,056	25,556	25,778	25,537	26,954	26,822	27,110	26,195	26,119	14,808	13,445	12,770	12,323	11,852	11,329	11,167	10,290	9,945	9,943	6,646	6,449	6,376	6,297	5,987	5,742	3,566	3,344	3,215	3,295	3,531	2,705	2,771	2,646	2,706	2,547	2,590
Commitments and Contingent liabilities (See Note 15. “Commitments and Contingencies”)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	-	0	0	0	0	0	-	-	0	0	0	0	0	0	0	0	0	-	0
STOCKHOLDERS’ EQUITY:
Preferred stock (par value $0.01 per share; 10,000,000 shares authorized; 135,000 shares issued and outstanding at March 31, 2020 and December 31, 2019)
137	137	137	138	138	138	138	138	139	139	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock (par value $0.01 per share; 310,000,000 shares authorized at March 31, 2020 and December 31, 2019; 229,872,925 shares issued at March 31, 2020 and December 31, 2019; 194,460,656 and 198,455,324 shares outstanding at March 31, 2020 and December 31, 2019, respectively)
2	2	2	2	2	2	2	2	2	2	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
3,749	3,766	3,762	3,757	3,751	3,776	3,773	3,769	3,766	3,780	1,590	1,592	1,590	1,597	1,504	1,503	1,501	1,506	1,508	1,507	943	858	860	859	859	856	403	403	403	402	403	357	357	357	357	357	356
Unallocated common stock held by employee stock ownership plan (ESOP); 0 unallocated shares at December 31, 2014 and September 30, 2014 and 549,262 unallocated shares outstanding at September 30, 2013
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4	5	5	5	5	5	5	5	6	6	6	6
Treasury stock, at cost (35,412,268 shares at March 31, 2020 and 31,417,601 shares at December 31, 2019)
660	583	501	447	355	213	51	51	51	58	59	61	62	66	66	69	70	76	78	78	79	82	86	86	87	82	88	88	88	88	90	90	90	90	90	89	87
Retained earnings
1,125	1,166	1,075	969	888	791	694	592	496	401	452	415	382	349	317	290	261	245	221	206	220	208	197	187	178	173	187	187	184	180	175	175	172	168	165	168	162
Accumulated other comprehensive income, net of tax expense of $25,830 at March 31, 2020 and $15,361 at December 31, 2019
67	40	45	40	-6	-65	-118	-99	-79	-26	-13	-16	-23	-26	7	10	4	-12	-0	-13	-4	-10	-11	-7	-14	-19	-15	-17	0	4	6	6	5	7	5	-0	5
Total stockholders’ equity
4,422	4,530	4,520	4,459	4,419	4,428	4,438	4,352	4,273	4,240	1,971	1,931	1,888	1,855	1,765	1,735	1,698	1,665	1,652	1,623	1,080	975	961	953	936	925	482	480	494	493	491	444	439	437	431	429	430
Total liabilities and stockholders’ equity
30,335	30,586	30,077	30,237	29,956	31,383	31,261	31,463	30,468	30,359	16,780	15,376	14,659	14,178	13,617	13,065	12,865	11,955	11,597	11,566	7,727	7,424	7,337	7,250	6,924	6,667	4,049	3,824	3,710	3,789	4,022	3,150	3,210	3,084	3,137	2,976	3,021
Fair value of held to maturity securities transfered to available-for-sale
2,032	2,053	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock, par value (USD per share)
0.01	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock, shares authorized (in shares)
10	10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock, Shares Issued
0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, par value (USD per share)
0.01	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock, Shares, Issued
229	229	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock, Shares, Outstanding
194	198	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury Stock, Shares
35	31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated other comprehensive loss, tax expense (benefit)
25	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sterling National Bank
Loans and Leases Receivable, Allowance
-	-	-	-	-	96	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated Notes - Bank
173	173	-	-	-	172	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sterling Bancorp
Subordinated Notes - Bank
271	270	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Parent
Subordinated Notes
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-