The balance sheet of Tribank starts with an allowance for loan losses of $1.33 million. During the year, Tribank charges off worthless loans of $0.84 million, recovers $0.22 million on loans previously charged off, and charges current income for $1.48 million provisions for loans losses. Calculate the end of year allowance for loan losses.

X-Bank reported an ROE of 15% and an ROA of 1%. How well capitalized in this bank?