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Modesto's First

Modesto, CA · Charter 4022

NCUA · 1 branch

Q2 2026

$74.2MAssets
$55.2MLoans
$67.3MShares
$6.6MNet 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 0.88%, down 2 bps year over year; NIM at 3.56%.
  • Asset quality: problem loans at 0.99% of loans (-23 bps YoY).
  • Capital: net worth / assets of 8.83%, down 137 bps from a year ago.
  • Funding: loans stand at 81.98% of shares as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.88%-2 bps YoY

Net Interest Margin (YTD, annualized)

3.56%-7 bps YoY

Efficiency Ratio (YTD, annualized)

59.74%-435 bps YoY

Net Worth / Assets

8.83%-137 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.90%0.53%0.61%1.19%0.88%-2 bps
Return on Equity8.80%5.41%6.54%13.30%9.92%+112 bps
Net Interest Margin3.63%3.70%3.51%3.48%3.56%-7 bps
Efficiency Ratio64.09%62.57%60.69%61.26%59.74%-435 bps
Growth
Asset Growth (YoY)12.90%11.43%19.02%22.99%24.33%+1,143 bps
Loan Growth (YoY)13.81%22.47%20.22%17.82%18.58%+477 bps
Share Growth (YoY)13.33%12.09%20.65%24.90%25.83%+1,250 bps
Asset Quality
Delinquent Loans / Loans1.22%0.89%1.06%0.45%0.99%-23 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 Capital10.19%9.79%9.26%8.93%8.83%-137 bps
Net Worth / Assets10.19%9.79%9.26%8.93%8.83%-137 bps
Liquidity & Funding
Loans / Shares87.00%91.26%84.66%79.90%81.98%-501 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps