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South Metro

Prior Lake, MN · Charter 24482

NCUA · 6 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 the Minneapolis-St. Paul-Bloomington, MN-WI area3

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 the Minneapolis-St. Paul-Bloomington, MN-WI area (n=25). 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

0

Q2 2024Q2 2026peer median (50)

Asset Quality

60

Q2 2024Q2 2026peer median (50)

Profitability

44

Q2 2024Q2 2026peer median (50)

Liquidity

48

Q2 2024Q2 2026peer median

Efficiency

24

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

South Metro

Prior Lake, MN · Charter 24482

NCUA · 6 branches

Q2 2026

$184.8MAssets
$142.9MLoans
$173.3MShares
$15.0MNet 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 0.04%, up 13 bps year over year; NIM at 3.83%.
  • Asset quality: problem loans at 0.50% of loans (-28 bps YoY).
  • Capital: net worth / assets of 8.09%, down 80 bps from a year ago.
  • Funding: loans stand at 82.46% of shares as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.04%+13 bps YoY

Net Interest Margin (YTD, annualized)

3.83%+44 bps YoY

Efficiency Ratio (YTD, annualized)

95.99%-14 bps YoY

Net Worth / Assets

8.09%-80 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.08%-0.01%-0.23%0.12%0.04%+13 bps
Return on Equity-0.94%-0.12%-2.80%1.51%0.53%+147 bps
Net Interest Margin3.39%3.57%3.45%3.64%3.83%+44 bps
Efficiency Ratio96.13%94.83%99.08%92.41%95.99%-14 bps
Growth
Asset Growth (YoY)-2.52%-5.31%9.02%8.55%6.44%+896 bps
Loan Growth (YoY)-3.09%2.04%9.33%15.78%26.43%+2,952 bps
Share Growth (YoY)2.55%0.76%12.89%8.91%7.44%+488 bps
Asset Quality
Delinquent Loans / Loans0.78%0.39%0.37%0.21%0.50%-28 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 Capital8.89%9.03%8.24%8.16%8.09%-80 bps
Net Worth / Assets8.89%9.03%8.24%8.16%8.09%-80 bps
Liquidity & Funding
Loans / Shares70.07%74.58%73.15%76.34%82.46%+1,239 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

South Metro

Prior Lake, MN · Charter 24482 · Peer group: credit unions under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=25)

NCUA · 6 branches

Q2 2026

$184.8MAssets
$142.9MLoans
$173.3MShares
$15.0MNet Worth

Executive Summary

  • Strongest standing: net interest margin outperforms 60% of credit unions under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 10 of 25).
  • Widest gap: equity / assets trails 100% of credit unions under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 25 of 25).
  • Overall: at or above the peer median on 2 of 7 directional measures.

Return on Assets

0.04%

Rank 16 of 25

Net Interest Margin

3.83%

Rank 10 of 25

Efficiency Ratio

95.99%

Rank 20 of 25

Equity / Assets

8.09%

Rank 25 of 25

MetricYour Credit UnionPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.04%-0.29%0.38%0.84%Beats 36%16 / 25
Return on Equity0.53%-1.54%3.43%5.67%Beats 36%16 / 25
Net Interest Margin3.83%3.36%3.62%4.13%Beats 60%10 / 25
Efficiency Ratio95.99%75.76%88.22%93.38%Beats 24%20 / 25
Asset Quality
Nonperforming Loans / Loans0.50%0.29%0.62%1.02%Beats 60%11 / 25
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio8.09%10.07%11.51%14.55%Beats 0%25 / 25
Total Risk-Based Capital Ration/aNot reported for this institution
Equity / Assets8.09%10.07%11.51%14.55%Beats 0%25 / 25
Liquidity & Funding
Loans / Deposits82.46%59.49%71.17%86.44%68th pctl8 / 25
Loans / Assets77.31%53.45%61.94%76.61%76th pctl6 / 25
Brokered Deposits / Depositsn/aNot reported for this institution