PackageTrendsPeer
Letter portraitLegal landscape

Merho

Johnstown, PA · Charter 20921

NCUA · 2 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, credit unions under $1B in assets in PA3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

Credit unions under $1B in assets in PA (n=72). 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

28

Q2 2024Q2 2026peer median (50)

Asset Quality

32

Q2 2024Q2 2026peer median (50)

Profitability

52

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

78

Q2 2024Q2 2026peer 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: NCUA 5300 Call Report, 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

Merho

Johnstown, PA · Charter 20921

NCUA · 2 branches

Q2 2026

$60.8MAssets
$15.6MLoans
$54.5MShares
$6.9MNet 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 1.21%, up 84 bps year over year; NIM at 2.84%.
  • Asset quality: problem loans at 1.02% of loans (+69 bps YoY).
  • Capital: net worth / assets of 11.34%, up 95 bps from a year ago.
  • Funding: loans stand at 28.52% of shares as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.21%+84 bps YoY

Net Interest Margin (YTD, annualized)

2.84%+80 bps YoY

Efficiency Ratio (YTD, annualized)

63.22%-2,065 bps YoY

Net Worth / Assets

11.34%+95 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.37%0.56%0.69%1.28%1.21%+84 bps
Return on Equity3.59%5.22%6.27%11.64%10.68%+709 bps
Net Interest Margin2.04%2.23%2.36%2.72%2.84%+80 bps
Efficiency Ratio83.87%79.35%76.87%62.28%63.22%-2,065 bps
Growth
Asset Growth (YoY)7.15%3.65%2.05%1.93%1.03%-612 bps
Loan Growth (YoY)-7.78%-7.22%-8.81%-8.13%-8.78%-100 bps
Share Growth (YoY)6.38%2.54%0.48%0.52%-0.08%-646 bps
Asset Quality
Delinquent Loans / Loans0.33%0.23%0.47%0.28%1.02%+69 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 Capital10.38%10.82%11.00%11.01%11.34%+95 bps
Net Worth / Assets10.38%10.82%11.00%11.01%11.34%+95 bps
Liquidity & Funding
Loans / Shares31.24%32.45%30.78%28.61%28.52%-272 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps

Source: NCUA 5300 Call Report, 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

Merho

Johnstown, PA · Charter 20921 · Peer group: credit unions under $1B in assets in PA (n=72)

NCUA · 2 branches

Q2 2026

$60.8MAssets
$15.6MLoans
$54.5MShares
$6.9MNet Worth

Executive Summary

  • Strongest standing: return on equity outperforms 81% of credit unions under $1B in assets in PA (rank 14 of 72).
  • Widest gap: net interest margin trails 85% of credit unions under $1B in assets in PA (rank 61 of 72).
  • Overall: at or above the peer median on 3 of 7 directional measures.

Return on Assets

1.21%

Rank 29 of 72

Net Interest Margin

2.84%

Rank 61 of 72

Efficiency Ratio

63.25%

Rank 17 of 72

Equity / Assets

11.34%

Rank 52 of 72

MetricYour Credit UnionPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.21%0.59%1.06%1.40%Beats 60%29 / 72
Return on Equity10.67%5.27%7.11%9.91%Beats 81%14 / 72
Net Interest Margin2.84%3.09%3.57%4.10%Beats 15%61 / 72
Efficiency Ratio63.25%64.37%73.67%81.63%Beats 78%17 / 72
Asset Quality
Nonperforming Loans / Loans1.02%0.20%0.58%1.09%Beats 32%50 / 72
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio11.34%10.74%12.96%16.84%Beats 28%52 / 72
Total Risk-Based Capital Ration/aNot reported for this institution
Equity / Assets11.34%10.74%12.96%16.84%Beats 28%52 / 72
Liquidity & Funding
Loans / Deposits28.52%34.39%52.54%65.98%7th pctl67 / 72
Loans / Assets25.56%30.23%45.37%57.67%15th pctl61 / 72
Brokered Deposits / Depositsn/aNot reported for this institution