Park Sterling Bank
1043 E Morehead St, # 201
Charlotte, NC 28204
General Bank Information
FDIC Insured Yes
FDIC Certificate # 58408
Date Established 2006
Park Sterling Bank is an FDIC insured institution located in Charlotte, NC. It was founded in 2006 and has approximately $2.32 billion in assets. Customers can open an account via one of its 44 branches.
Park Sterling Bank Financial Size
For a more detailed analysis of Park Sterling Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Bank Loan Profile?
Comparison to Other Banks
|1-4 Family Residential Loans||27.09||✓|
|Credit Card Loans||0.01||✓|
|Consumer Auto Loans||0.19||✓|
|Small Business Loans||15.13||✓|
|Construction and Development Loans||12.87||✓|
|Commercial Real Estate||43.77||✓|
|Commercial and Industrial Loans||9.64||✓|
The top three loan types in Park Sterling Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.
Compared to other banks, Park Sterling Bank’s loan portfolio does not show any specific loan specialty.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
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|Fixed IRA Rates||APY||Min||Max||More|
|Fixed IRA 0K||0.35%||$5,000||-|
|Int Checking Rates||APY||Min||Max||More|
|Int Ckg 0K||0.02%||$2,500||-|
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Park Sterling Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Park Sterling Bank. The data is provided by the FDIC. Please remember that all banks listed on BestCashCow.com are FDIC insured while all credit unions are similarly insured by the NCUA. No depositor has ever lost money while their funds have been insured by the FDIC or NCUA.
|Park Sterling Bank||U.S. Bank Average|
The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of September 30, 2014, Park Sterling Bank had $8,380,000 in non-current loans and $13,294,000 in owned real estate. To cover these potential losses it had $279,950,000 in equity and $9,458,000 in loans loss reserves. That gives it a Texas Ratio of 7.49%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.
|Return on Equity||5.15%||9.04%|
Park Sterling Bank has a Return on Equity of 5.15% versus the BestCashCow average of 9.04%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Park Sterling Bank has a Capitalization of 12.08% versus the BestCashCow average of 11.20%. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Park Sterling Bank Balance Sheet Analysis
As of September 30, 2014, Park Sterling Bank had assets of $2,317,762,000, loans of $1,547,460,000, and deposits of $1,870,875,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
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