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Sterling Bank and Trust, F.S.B.

Southfield, MI · Cert 32232

FDIC · 27 branches

Q1 2025

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

Basis

Quarter: Q1 2025, the quarter ended March 31, 2025, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets (n=289 to 295). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

49

Q2 2024Q1 2025peer median (50)

Asset Quality

58

Q2 2024Q1 2025peer median (50)

Profitability

7

Q2 2024Q1 2025peer median (50)

Liquidity

0

Q2 2024Q1 2025peer median

Efficiency

3

Q2 2024Q4 2024peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Sterling Bank and Trust, F.S.B.

Southfield, MI · Cert 32232

FDIC · 27 branches

Q1 2025

$2.3BAssets
$740.9MLoans
$2.0BDeposits
$292.4MEquity
Deposit mix
98%Interest-bearing $1.9B2%Noninterest $0.0BQ1 2024Q1 2025

NIM

4.78%Q1 ’235.50%Q1 ’245.69%Q1 ’25-22%+10%

Non-interest income vs. expense

3.02%Q1 ’232.30%Q1 ’243.59%Q1 ’25-24%+387%

Market Position · San Francisco-Oakland-Fremont, CA · 2024 SOD (annual) · 0.3% share · #18 of 69 inst. · $1.5B of $440.9B

0.4% San Francisco
0.1% Los Angeles
0.7% San Mateo
0.1% Alameda

Executive Summary

  • Earnings: ROA of -6.29%, down 644 bps year over year; NIM at 2.72%.
  • Asset quality: problem loans at 1.35% of loans (+63 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.09%, down 149 bps from a year ago.
  • Funding: loans stand at 37.37% of deposits as of Q1 2025.

Financial Results

Return on Assets (YTD, annualized)

-6.29%-644 bps YoY

Net Interest Margin (YTD, annualized)

2.72%+25 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Tier 1 Leverage Ratio

12.09%-149 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2024Q2 2024Q3 2024Q4 2024Q1 2025YoY ΔTrend
Earnings
Return on Assets0.15%0.29%0.25%0.32%-6.29%-644 bps
Return on Equity1.12%2.18%1.93%2.46%-48.27%-4,939 bps
Net Interest Margin2.47%2.44%2.36%2.30%2.72%+25 bps
Efficiency Ratio91.67%90.43%93.50%94.48%n/an/a
Non-Interest Burden2.25%2.20%2.20%2.17%10.99%+873 bps
Growth
Asset Growth (YoY)0.16%-6.16%-0.80%0.36%-4.79%-494 bps
Loan Growth (YoY)-18.03%-14.89%-13.61%-14.32%-43.17%-2,514 bps
Deposit Growth (YoY)4.01%-5.77%0.67%2.56%-1.82%-582 bps
Asset Quality
Nonperforming Loans / Loans0.72%0.97%1.08%1.26%1.35%+63 bps
Net Charge-Offs / Loans0.00%-0.07%-0.05%-0.04%0.00%0 bps
Allowance / Loans2.24%2.18%2.04%1.80%2.83%+59 bps
Allowance Coverage of NPLs3.1x2.3x1.9x1.4x2.1x-1.0x
Capital
Tier 1 Leverage Ratio13.58%13.81%13.72%13.76%12.09%-149 bps
Total Risk-Based Capital13.58%13.81%13.72%13.76%12.09%-149 bps
Equity / Assets13.03%13.39%13.27%13.34%12.72%-31 bps
Liquidity & Funding
Loans / Deposits64.56%62.34%58.96%55.71%37.37%-2,719 bps
Liquid Assets / Assets26.77%25.26%28.77%35.54%53.27%+2,649 bps
CRE / Total Capitaln/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Sterling Bank and Trust, F.S.B.

Southfield, MI · Cert 32232 · Peer group: banks $1B-$10B in assets (n=289-295)

FDIC · 27 branches

Q1 2025

$2.3BAssets
$740.9MLoans
$2.0BDeposits
$292.4MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks $1B-$10B in assets (rank 31 of 289).
  • Widest gap: return on equity trails 100% of banks $1B-$10B in assets (rank 294 of 295).
  • Overall: at or above the peer median on 2 of 8 directional measures.

Return on Assets

-6.47%

Rank 295 of 295

Net Interest Margin

2.72%

Rank 229 of 295

Equity / Assets

12.72%

Rank 41 of 295

Non-interest income vs. expense

-$177.5M$86.1MINCOMEEXPENSE
Unfavorable gap of $263.6M
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets-6.47%0.66%0.99%1.28%Beats 0%295 / 295
Return on Equity-50.83%6.86%10.32%12.56%Beats 0%294 / 295
Net Interest Margin2.72%2.78%3.17%3.67%Beats 22%229 / 295
Efficiency Ration/aNot reported for this institution
Asset Quality
Nonperforming Loans / Loans1.35%0.14%0.43%0.88%Beats 15%246 / 289
Net Charge-Offs / Loans0.00%0.00%0.01%0.03%Beats 100%31 / 289
Capital
Tier 1 Capital Ratio12.09%11.30%12.70%14.80%Beats 40%177 / 295
Total Risk-Based Capital Ratio12.09%12.21%13.57%15.83%Beats 22%230 / 295
Equity / Assets12.72%8.74%9.92%11.39%Beats 86%41 / 295
Liquidity & Funding
Loans / Deposits37.37%77.01%86.08%94.78%2nd pctl284 / 290
Loans / Assets32.23%65.46%73.72%80.10%2nd pctl283 / 289
Brokered Deposits / Depositsn/aNot reported for this institution