PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First Source

New Hartford, NY · Charter 2658

NCUA · 6 branches

Q2 2026

$1.1BAssets
$1.1BLoans
$999.1MShares
$113.9MNet 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 0.85%, up 14 bps year over year; NIM at 4.86%.
  • Asset quality: problem loans at 1.03% of loans (+27 bps YoY).
  • Capital: net worth / assets of 10.16%, up 41 bps from a year ago.
  • Funding: loans stand at 105.86% of shares as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.85%+14 bps YoY

Net Interest Margin (YTD, annualized)

4.86%+44 bps YoY

Efficiency Ratio (YTD, annualized)

67.27%-242 bps YoY

Net Worth / Assets

10.16%+41 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.71%0.74%0.71%0.74%0.85%+14 bps
Return on Equity7.27%7.51%7.15%7.44%8.38%+111 bps
Net Interest Margin4.42%4.45%4.48%4.85%4.86%+44 bps
Efficiency Ratio69.69%69.39%68.60%67.60%67.27%-242 bps
Growth
Asset Growth (YoY)4.26%2.84%3.92%4.34%3.96%-31 bps
Loan Growth (YoY)2.18%2.72%3.24%3.89%5.42%+324 bps
Share Growth (YoY)6.08%7.46%6.37%4.02%3.44%-265 bps
Asset Quality
Delinquent Loans / Loans0.76%0.85%0.93%0.81%1.03%+27 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 Capital9.75%9.81%9.88%9.95%10.16%+41 bps
Net Worth / Assets9.75%9.81%9.88%9.95%10.16%+41 bps
Liquidity & Funding
Loans / Shares103.88%106.89%105.64%103.31%105.86%+199 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps