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

NIM

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

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%.

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.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	YoY Δ	Trend
Earnings
Return on Assets	0.15%	0.29%	0.25%	0.32%	-6.29%	-644 bps
Return on Equity	1.12%	2.18%	1.93%	2.46%	-48.27%	-4,939 bps
Net Interest Margin	2.47%	2.44%	2.36%	2.30%	2.72%	+25 bps
Efficiency Ratio	91.67%	90.43%	93.50%	94.48%	n/a	n/a
Non-Interest Burden	2.25%	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 / Loans	0.72%	0.97%	1.08%	1.26%	1.35%	+63 bps
Net Charge-Offs / Loans	0.00%	-0.07%	-0.05%	-0.04%	0.00%	0 bps
Allowance / Loans	2.24%	2.18%	2.04%	1.80%	2.83%	+59 bps
Allowance Coverage of NPLs	3.1x	2.3x	1.9x	1.4x	2.1x	-1.0x
Capital
Tier 1 Leverage Ratio	13.58%	13.81%	13.72%	13.76%	12.09%	-149 bps
Total Risk-Based Capital	13.58%	13.81%	13.72%	13.76%	12.09%	-149 bps
Equity / Assets	13.03%	13.39%	13.27%	13.34%	12.72%	-31 bps
Liquidity & Funding
Loans / Deposits	64.56%	62.34%	58.96%	55.71%	37.37%	-2,719 bps
Liquid Assets / Assets	26.77%	25.26%	28.77%	35.54%	53.27%	+2,649 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a