# NAVE BANK
SAN JUAN, PR · FDIC certificate 59324 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 4 (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 | $555.0M | |
| Deposits | $431.9M | |
| Loans and leases | $276.2M | |
| Total equity | $70.7M | |
| Loans / deposits | 63.42% (p16 of band) | 82.04% |
| Liquid assets / assets | 48.71% (p91 of band) | |
| Uninsured deposits / deposits | 85.30% (p100 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 9.01% (p74 of band) | |
| FHLB advances / assets | 1.80% | |
| Tier 1 leverage | 13.84% (p84 of band) | 10.81% |
| Unrealized securities loss / equity | -0.47% (p91 of band) | -8.10% |
| AOCI / equity | -1.09% (p20 of band) | |
| ROA (annualized) | -0.49% (p2 of band) | 1.28% |
| Net interest margin | 2.90% (p8 of band) | 3.91% |
| Efficiency ratio | 105.83% (p98 of band) | |
| Noncurrent loans | 0.00% (p4 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p29 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 66% | |
| Construction % of loans | 27.37% (p34 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $4.3M (6% of equity) (p95 of band) | |
| Deposits YoY | 148.9% | |
| Employees | 45 | |

## Flags firing in the latest filing

- **uninsured deposits >50%** (`liq_uninsured`)
- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2023-09 | 3 | losing money, expense ratio p90, NIM <2.5% |  |
| 2023-12 | 5 | loans exceed deposits, uninsured deposits >50% |  |
| 2024-03 | 4 | capital falling | NIM <2.5%, loans exceed deposits |
| 2024-06 | 4 |  |  |
| 2024-09 | 4 |  |  |
| 2024-12 | 4 |  |  |
| 2025-03 | 4 |  |  |
| 2025-06 | 4 |  |  |
| 2025-09 | 5 | brokered >10% |  |
| 2025-12 | 4 |  | brokered >10% |
| 2026-03 | 4 |  |  |
| 2026-06 | 4 |  |  |

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

- 2026-01-08 [Nave Bank tops $400M in assets, expands business lending - News is My Business](https://news.google.com/rss/articles/CBMijAFBVV95cUxNSDVSOUtmXzUxemJYb01PSUFYV1RKeG1pOHI5WjFDVG9sbnA0dlVPckJGcmliOHA5M2JYQU9DSjNyY0RFN0NhRmxVb0lhVzdNVXVtWTZTUWk0Z0ZjaURMQ0VlbnRrM2NRYVdUMzNVcFViZ2M4aGxVNkY0ZGZ6d3FWM1MzTkpZd0dhVnlLeA?oc=5) · News is My Business
- 2022-08-19 [Veteran Florida banker hired to lead digital startup in Puerto Rico - American Banker](https://news.google.com/rss/articles/CBMipgFBVV95cUxQR0Q4Y2o3bEprYmNkVkNNVFp4THcyUk8yQ0lUd2trQXlXM1BkQ18tODd1ZEdqa1ptRW1sWWo0c1Rsamp5dlI3TGxidnh5ZXBaNXM5bGFVd0F1VFJEbl9VTFB6U3BrRHhXRzljNnhwb1FIbnBXcTJzVi1aTXV2SkdRZjk1SjJZb19YLTk0LUNhUE4wcTVHRzQ1ampHRUlIc1h0QXBLcElR?oc=5) · American Banker
- 2025-10-07 [Nave Bank tops $300M in assets after 2 years - News is My Business](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNUTg4d09saWtoZExsS0p3Qm1tQlVkUUZBOGxEYXoxSUlqcVI0cmo0NUtYWGhqNmVlS1ZKWk43QnRiLTMyTlNpZGtfaEhNNWsza1NkZUt4c2I1aldZMzN3REY4eDFQSkY1ejlPNjhRQlI0T0dzZ0J6bGdGLWNzQS1fcjZFOFlOTUk4Nm9B?oc=5) · News is My Business
- 2023-08-15 [Nave Bank receives approval to operate in Puerto Rico - WJournalpr](https://news.google.com/rss/articles/CBMi2gFBVV95cUxQR2k1LWRiYjdNcU1vUDdVdG1tYlhnaHMxUjRNcFZTdzEtRGxqS2l6LUc2VGI2ZjIzZGRzbnJiLVVLdnM4MHJCbWRlamJNQS1CZXNua1liUllrdWQ1eUg1ZUVUUzUxWWktZ1RxYW5tTlB4OGZzc19UQXZBRWpfa204WjlKcUMyMzZPbGg4ZnMtTXlGeENxRUxwWFZaYlBLRm81X1BPOFBzZG9TS1BINVhab1FGOGpCYjZwSDJEdkgwYUJnSkNsY1ZWemk3V3FTeTFBRVozNHg4UDFJZw?oc=5) · WJournalpr
- 2023-09-12 [Citi named Best Corporate/Institutional Digital Bank in Puerto Rico - WJournalpr](https://news.google.com/rss/articles/CBMi7AFBVV95cUxQTUl2ZVB1TTFpU08wUVpTemVEdGEzUjcwbTFBbm1uaG5VTGRHU3p0UEJJbVJnT3ZTUTB1aVltUEJOS2VJZGc2WlJtX2xldHE1a081a2VuZGV4Wm9xRE9aVnp2cHVBR051NjRubnZBOHZ6dTBXZ0ZRUlAwUkM0MVBGTHEyVno2Nm9TYnJLZjU3TzNoRUp3cEE4RkNBUklWclNPeV8wX0J2enRQV2puUEI2bGZEeGh2SWlscUV1YUFkaFlhRmV6Rl9fS0xpOGI3NmFCWEE0WHR1MVdyMjNwT3NzR3pvbTZLVDUxNklYWA?oc=5) · WJournalpr
- 2025-08-14 [CUD, Nave Bank partner to boost access to capital for SMEs in Puerto Rico - News is My Business](https://news.google.com/rss/articles/CBMipAFBVV95cUxPWmR6eHNOck1PMWdFWFpSMnMzV01rWnBTVV9OTHJ3NkpoQ0Zwa05yLW84ZEVqNXhzNnJnSjN1MHNDTVhTRlZ1M3d6NjdhZG9xeW43enI3UjhzQ1ZyM0pqaU8xZmhHSzhaZGFzR3RCVUtGSnNKcDl0ejFtN2FTbmFMMGR1bFdPMnNWeEw0N3ppenRCZUF1YW1EbTdjTTNBUDN4eDlHSA?oc=5) · News is My Business
- 2025-07-23 [Nave Bank OKs $7M financing to renovate The Wave Hotel in Condado - News is My Business](https://news.google.com/rss/articles/CBMimgFBVV95cUxOLXE3eUtZTDlKXzU4YzVkVDBmMXdkd3hTYWhpWERaRDNYbXBhVm9vUXVYcmtWM3VyUnpIemlWMHppUV9OaExudXhSOXFjR1o1WHctcU41ZGMtNmZsMTZQR3RacWoyUjlzNUJyZlVKLUI4MzdoZ01VdVdTSGlKQ0Zfc0dtZ1ZvcDRUNzlJUHlGNloyeFN6RWlEWU5R?oc=5) · News is My Business
- 2022-05-25 [USDA OKs $21.3M in financing to Puerto Rico tugboat operator - News is My Business](https://news.google.com/rss/articles/CBMikwFBVV95cUxQdzVQZjRUekdFY2VvWlBWWFFLLVYyWlJpbExZc0xsdmZ1NDZkTFd5LXhjRkJzczExZXJvcnpRUkNnRGZwLWVPVWF6bm1IUW50bm5uY01ERXBEWXU0ajg4QThEeUp0QWNqNVU0cFU4a1FpLWJwZER3TExCSTVhbnI3a1M3aFY2cTQzN1FSUWFyTXlkaXM?oc=5) · News is My Business

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=59324 (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/60.json (key "59324", 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.

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