PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Deseret First

West Valley Cit, UT · Charter 24708

NCUA · 12 branches

Q2 2026

$1.3BAssets
$1.0BLoans
$1.1BShares
$107.1MNet 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 0.89%, up 22 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 0.75% of loans (+13 bps YoY).
  • Capital: net worth / assets of 8.41%, up 37 bps from a year ago.
  • Funding: loans stand at 90.11% of shares as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.89%+22 bps YoY

Net Interest Margin (YTD, annualized)

3.38%+21 bps YoY

Efficiency Ratio (YTD, annualized)

72.45%-306 bps YoY

Net Worth / Assets

8.41%+37 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.67%0.70%0.79%0.95%0.89%+22 bps
Return on Equity8.37%8.70%9.62%11.47%10.57%+220 bps
Net Interest Margin3.17%3.20%3.23%3.36%3.38%+21 bps
Efficiency Ratio75.51%74.39%73.98%71.77%72.45%-306 bps
Growth
Asset Growth (YoY)7.66%8.78%8.80%6.62%6.85%-81 bps
Loan Growth (YoY)8.24%6.96%2.06%3.22%2.51%-572 bps
Share Growth (YoY)7.46%8.27%8.06%5.87%5.93%-153 bps
Asset Quality
Delinquent Loans / Loans0.62%0.69%0.76%0.70%0.75%+13 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 Capital8.04%8.06%8.21%8.28%8.41%+37 bps
Net Worth / Assets8.04%8.06%8.21%8.28%8.41%+37 bps
Liquidity & Funding
Loans / Shares93.12%92.88%91.25%89.09%90.11%-301 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps