# PARK STERLING BANK
CHARLOTTE, NC · FDIC certificate 58408 · asset band $1-10B · latest filing 2017-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $3.24B | |
| Deposits | $2.48B | |
| Loans and leases | $2.43B | |
| Total equity | $427.4M | |
| Loans / deposits | 97.72% (p73 of band) | 89.41% |
| Liquid assets / assets | 17.30% (p36 of band) | |
| Uninsured deposits / deposits | 24.98% (p48 of band) | 25.99% |
| Brokered deposits | 4.15% | |
| Wholesale funding | 13.72% (p66 of band) | |
| FHLB advances / assets | 9.57% | |
| Tier 1 leverage | 11.09% (p74 of band) | 10.05% |
| Unrealized securities loss / equity | 0.35% (p64 of band) | -0.01% |
| AOCI / equity | 0.44% (p42 of band) | |
| ROA (annualized) | 1.14% (p63 of band) | 1.02% |
| Net interest margin | 3.85% (p72 of band) | 3.52% |
| Efficiency ratio | 57.41% (p34 of band) | |
| Noncurrent loans | 0.30% (p27 of band) | 0.54% |
| Net charge-offs (annualized) | 0.00% (p26 of band) | |
| Reserve coverage of noncurrent | 170.15% | |
| Real estate % of loans | 82% | |
| Construction % of loans | 91.10% (p91 of band) | |
| Auto loans | $1.6M (0.07% of loans; DQ 4.54%, NCO 0.00%) | |
| Loans to nondepository financials | $1.8M (0% of equity) (p78 of band) | |
| Deposits YoY | -0.6% | |
| Employees | 501 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 7 | brokered >10%, wholesale funding >15%, losing money, expense ratio p90, noncurrent p90, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 6 |  | noncurrent p90 |
| 2011-09 | 6 |  |  |
| 2011-12 | 7 | capital falling |  |
| 2012-03 | 4 |  | losing money, expense ratio p90, charge-offs p90 |
| 2012-06 | 3 |  | capital falling |
| 2012-09 | 4 | expense ratio p90 |  |
| 2012-12 | 2 |  | brokered >10%, wholesale funding >15% |
| 2013-03 | 0 |  | reserve under noncurrent, expense ratio p90 |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 1 | capital falling |  |
| 2014-12 | 0 |  | capital falling |
| 2015-03 | 0 |  |  |
| 2015-06 | 1 | wholesale funding >15% |  |
| 2015-09 | 1 | capital falling | wholesale funding >15% |
| 2015-12 | 0 |  | capital falling |
| 2016-03 | 1 | construction >100% equity |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | capital falling |  |
| 2017-06 | 0 |  | construction >100% equity, capital falling |
| 2017-09 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2018-04-27 [Park Sterling Bank is now South State Bank - Salisbury Post](https://news.google.com/rss/articles/CBMijAFBVV95cUxOclhfRkJsc0pXVzJLOE9fVVB0WU5PNWdFdGZwNGhkWjhpd25QR0ZqeldLQld6SkNlSjNCN3hqTGFMQmp2cmp5OFdTWnl3aUFTMzFyS3k0MmlQZDZCZmlReFVES2wzeTBaZzg4LWRMMUNkT1ZDNkFKMU00RGdZcFQ4SFdqRjByOWhiUTF4Rg?oc=5) · Salisbury Post
- 2026-06-19 [Southern First Appoints Bryan Kennedy to Board of Directors - Greenville Business Magazine](https://news.google.com/rss/articles/CBMisAFBVV95cUxQRG9ra0EwWS1nM1M4aGVyeldTVkc3MVRoMkFON05vRXltbzhNdUIyVVZwWF9DclRadEkxY3N1Zi1XUC1ibVdudHpaY1FUdVdoaV9TX2FlNHBiZDZfTmZSbEs3UWQ4TTE4X2toOTlSeFZZMkQyT2xBdjA3YW9DZ3dzY2NXV3o2UXRqVkk1cXVoTE1MRjg0MHo3dmRvMGxmSkttMW5GMVg1Q3JlS0k1Z3EyMA?oc=5) · Greenville Business Magazine
- 2017-06-06 [NC trend: HomeTrust Bank wants to stay homegrown - Business North Carolina](https://news.google.com/rss/articles/CBMie0FVX3lxTE1YZUVWTHZNT3dxX3VfTlMzLXg3RHRfVGl6QnZGVDBBam91anhRUmtjUi00MzItU2h5cmN0VnVvNFFjYWhzTzdGc0puSk5reU1Sampob0lCWjJXQUgtQmFrVGhzSlRoVnJjSzgzSERfUFQ1bWtDUHpwQnpoRQ?oc=5) · Business North Carolina
- 2026-06-03 [Southern First Adds Bank Founder Bryan Kennedy to Board of Directors - citybiz](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPdExhZDBZVERGY2JWS2g5bzZ3OEhNVVZYd1pRM2hRRVd4ZWNfMXN6blVvQm0wYUxxMHVzYVprdzF2aU4tSTlwWVJpTGpKc0s1YV94emZvV1Jka09KQmdDd0NESDZFZldNWXlnb185S21QTGRtaFQ2cVFtMXBNcDBORFBkU0phOWl5RFpWbDBfUWJHaUVJSUhlWXFqX3E5UjVjRGR2bS01MXRHRGc?oc=5) · citybiz
- 2019-04-03 [South State Officials: Commercial Lending Up Locally; Bank Enters Raleigh Market - WilmingtonBiz](https://news.google.com/rss/articles/CBMi2AFBVV95cUxOZDFQRm15cHZTTFlfdHJkcHpjV3pqd0EyblR2T0k4SXpjaTBPbHZNd2NHbzFXMlBxME80Z1lJYm1uSGdWaVhGbU10bldhWERLVF93REM0SU1HME9XRV9TTWYycGIyQzloV3YzZnpPUXdlTEZRbFptYVdEZUJkeTlNczZVaGNPMjdYTmxwczFTcmkwaXVkdWNKdkFjR2N6aXpDRWpXZEFBNXIxc3hLaWQ3VS03UzNuQUVYYllUM2FPZmVXa0R2RkhjV2dYREFqWFRTdHFHWE5TNVA?oc=5) · WilmingtonBiz
- 2018-08-03 [Banking companies from North and South Carolina announce merger plans - WYFF](https://news.google.com/rss/articles/CBMiqwFBVV95cUxQVlpsdUVKOVpSUDdsb2xnS3BqVWxHaEctMTNSREc2c3dIcmtsNFB3VTJHRzN6d3NVN0FLUTMtcGxmOVgyX0l6NWxDRnY4eDlCQkdPUWd2SjlNcmJER1A2MFFleHM3ZFF0OUV4dGRFczVJSmhVUTZwZ243SF9sRzEyeVpzbWtNME5UeXRYbW1PTEtaQ2hjejZEWk5oUnBPNXBLdFUxU1hzamxIcm8?oc=5) · WYFF
- 2013-08-14 [A year after merger, Gaston still a focus for Park Sterling Bank - Gaston Gazette](https://news.google.com/rss/articles/CBMimwFBVV95cUxPelhYV1ZLT25RaUVYckhKM0NoeU05dXhwYkMzcjRpakJnWEdmRnZyRmhveDNzNjJTcXQ3dExXLWdOMkwtRFZUa052bmUtRS1nYXZwVnZhUHZSeWY0QjlhMGVkdjR2ellnUjN5Nmk2ODJNWWdJNy1uME1KZ0R0OVlUMmxIbWFTYWM4MXMzVGlfZ0w1bERNTXhBUkozSQ?oc=5) · Gaston Gazette
- 2018-07-02 [Charlotte's losing 'a little bit of the luster.' Just one bank has its HQ here now. - charlotteobserver.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxQTld4a3ZDSmRzLVZ0TV91RjYtYU8wLTJWbFU0WldJNWJjTENqcWd5MGRuSkZ5aHBpVUdnYUxQMUFRU0pMYi11UWxFLWZUaHBDLXNVeXI5SDhHYlBFUnJzYWU3NmhBYXUyRFNLQW0wWVFSWkxvQmsxN2N3WmJDOUI5dFpVb9IBgwFBVV95cUxPZHNfTl9xOVdQS1daOVcya0Jwa3NEMkhvbFo0bmFHTzg5TmtKZ0ZNcUQxZGZTekdHXy1BZHVKZ3ZXMkZRVjBxNDVLWFVmLTdtQUxWeUdhZUZ3WWM5d1ZrOWV4SWl5Wm5aczY0b0l2cDl2YTl5QWx5WDlmSkxGRHpyX0Jkcw?oc=5) · charlotteobserver.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58408 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/40.json (key "58408", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide