PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Michigan State University

East Lansing, MI · Charter 23279

NCUA · 34 branches

Q2 2026

$8.9BAssets
$6.9BLoans
$7.3BShares
$794.6MNet Worth

Executive Summary

  • Earnings: ROA of 0.31%, up 20 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 1.24% of loans (-2 bps YoY).
  • Capital: net worth / assets of 8.96%, up 62 bps from a year ago.
  • Funding: loans stand at 95.16% of shares as of Q2 2026.

Return on Assets (quarter, annualized)

0.31%+20 bps YoY

Net Interest Margin (quarter, annualized)

3.65%+29 bps YoY

Efficiency Ratio (quarter, annualized)

74.71%-572 bps YoY

Net Worth / Assets

8.96%+62 bps YoY

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.22%-0.26%-0.07%0.10%0.28%0.31%0.28%0.31%+20 bps
Return on Equity-2.60%-3.12%-0.89%1.22%3.33%3.63%3.30%3.41%+219 bps
Net Interest Margin2.83%2.96%3.26%3.36%3.45%3.46%3.68%3.65%+29 bps
Efficiency Ratio86.57%87.28%85.62%80.43%76.44%76.00%73.97%74.71%-572 bps
Growth
Asset Growth (YoY)6.44%4.77%5.74%4.91%0.87%4.02%3.20%7.59%+268 bps
Loan Growth (YoY)3.27%3.84%3.83%6.02%2.09%2.66%3.33%8.78%+275 bps
Share Growth (YoY)4.12%6.04%7.18%7.86%3.21%4.68%3.79%7.45%-41 bps
Asset Quality
Delinquent Loans / Loans0.78%0.87%0.93%1.26%1.06%1.16%1.12%1.24%-2 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital8.50%8.49%8.27%8.34%8.51%8.43%8.37%8.96%+62 bps
Net Worth / Assets8.50%8.49%8.27%8.34%8.51%8.43%8.37%8.96%+62 bps
Liquidity & Funding
Loans / Shares95.75%95.84%92.15%94.00%94.72%93.99%91.74%95.16%+116 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps