PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Blue Water

Port Huron, MI · Charter 12906

NCUA · 3 branches

Q2 2026

$20.4MAssets
$8.3MLoans
$17.4MShares
$2.9MNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

  • Earnings: ROA of 0.74%, up 34 bps year over year; NIM at 3.00%.
  • Asset quality: problem loans at 0.23% of loans (+23 bps YoY).
  • Capital: net worth / assets of 14.42%, down 108 bps from a year ago.
  • Funding: loans stand at 48.01% of shares as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.74%+34 bps YoY

Net Interest Margin (YTD, annualized)

3.00%-26 bps YoY

Efficiency Ratio (YTD, annualized)

71.45%-1,654 bps YoY

Net Worth / Assets

14.42%-108 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.39%0.48%0.34%0.50%0.74%+34 bps
Return on Equity2.54%3.14%2.27%3.45%5.10%+256 bps
Net Interest Margin3.26%3.21%3.24%3.00%3.00%-26 bps
Efficiency Ratio87.99%85.36%89.57%74.10%71.45%-1,654 bps
Growth
Asset Growth (YoY)-0.84%-1.35%-1.59%10.58%11.43%+1,227 bps
Loan Growth (YoY)-4.96%-5.72%-3.50%-3.45%-7.47%-250 bps
Share Growth (YoY)-2.72%-2.07%-1.21%12.99%15.06%+1,778 bps
Asset Quality
Delinquent Loans / Loans0.00%0.05%0.05%0.44%0.23%+23 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital15.50%15.25%15.17%14.54%14.42%-108 bps
Net Worth / Assets15.50%15.25%15.17%14.54%14.42%-108 bps
Liquidity & Funding
Loans / Shares59.70%55.32%55.08%49.43%48.01%-1,168 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps