SBT · CIK 0001680379
What Sterling Bancorp, Inc. (Michigan; bank sold to EverBank 2025, winding down) told the SEC could break it.
2 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far, we surface every cited disclosure we’ve extracted for SBT. More may follow as additional filings are processed.
In its own words
What could break it.
Geographic concentration
- California — ~75% of gross loans (SF & LA metros)high
At end-2024, ~75% of gross loans were secured by California properties/businesses (80% in 2023), with 25 of 27 branches in the SF and LA metros — recorded from the final 10-K before the bank's sale to EverBank and the holdco's wind-down.
“At December 31, 2024 and 2023, approximately 75 % and 80 %, respectively, of gross loans were originated with respect to properties or businesses located in the state of California.”
SEC filing →As of 2025
Other disclosures
- Asia-connected depositor base — China/Taiwan deposit outflow channelmedium
The deposit base skewed toward customers with Asia (China/Taiwan) connections; deteriorating Asian economies or foreign-currency movement restrictions could trigger deposit outflows and impair borrowers' repayment capacity.
“A significant deterioration of economic conditions internationally, and in Asia in particular, could expose us to, among other things, economic and transfer risk, and we could experience an outflow of deposits by those of our customers with connections to Asia.”
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