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Hibbing Cooperative

Hibbing, MN · Charter 60164

NCUA · 1 branch

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 Duluth, 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 Duluth, MN-WI area (n=16). 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

88

Q2 2024Q2 2026peer median (50)

Asset Quality

44

Q2 2024Q2 2026peer median (50)

Profitability

52

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

94

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

Hibbing Cooperative

Hibbing, MN · Charter 60164

NCUA · 1 branch

Q2 2026

$108.9MAssets
$32.7MLoans
$88.3MShares
$20.8MNet Worth

Executive Summary

  • Earnings: ROA of 2.07%, down 58 bps year over year; NIM at 3.97%.
  • Asset quality: problem loans at 0.90% of loans (+35 bps YoY).
  • Capital: net worth / assets of 19.08%, up 166 bps from a year ago.
  • Funding: loans stand at 37.05% of shares as of Q2 2026.

Return on Assets (YTD, annualized)

2.07%-58 bps YoY

Net Interest Margin (YTD, annualized)

3.97%+1 bps YoY

Efficiency Ratio (YTD, annualized)

51.41%+1,075 bps YoY

Net Worth / Assets

19.08%+166 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.37%2.49%2.81%2.65%2.61%2.48%2.03%2.07%-58 bps
Return on Equity14.95%15.06%16.64%15.23%14.44%13.46%11.11%10.87%-437 bps
Net Interest Margin3.85%3.94%3.88%3.96%4.04%4.01%3.83%3.97%+1 bps
Efficiency Ratio43.58%43.03%39.87%40.66%42.07%44.27%51.58%51.41%+1,075 bps
Growth
Asset Growth (YoY)-4.57%-2.24%0.52%3.23%2.87%3.71%5.32%3.04%-19 bps
Loan Growth (YoY)11.62%4.54%3.24%0.24%-3.11%-0.71%-3.06%-1.87%-212 bps
Share Growth (YoY)-7.59%-5.29%-2.50%0.53%0.06%1.29%3.34%0.83%+30 bps
Asset Quality
Delinquent Loans / Loans0.83%0.81%0.68%0.55%0.56%1.39%0.93%0.90%+35 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 Capital15.86%16.55%16.86%17.41%18.08%18.44%18.24%19.08%+166 bps
Net Worth / Assets15.86%16.55%16.86%17.41%18.08%18.44%18.24%19.08%+166 bps
Liquidity & Funding
Loans / Shares39.42%38.64%37.51%38.07%38.17%37.87%35.18%37.05%-102 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%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

Hibbing Cooperative

Hibbing, MN · Charter 60164 · Peer group: credit unions under $1B in assets in the Duluth, MN-WI area (n=16)

NCUA · 1 branch

Q2 2026

$108.9MAssets
$32.7MLoans
$88.3MShares
$20.8MNet Worth

Executive Summary

  • Strongest standing: efficiency ratio outperforms 94% of credit unions under $1B in assets in the Duluth, MN-WI area (rank 2 of 16).
  • Widest gap: net interest margin trails 81% of credit unions under $1B in assets in the Duluth, MN-WI area (rank 13 of 16).
  • Overall: at or above the peer median on 5 of 7 directional measures.

Return on Assets

2.07%

Rank 3 of 16

Net Interest Margin

3.96%

Rank 13 of 16

Efficiency Ratio

51.40%

Rank 2 of 16

Equity / Assets

19.08%

Rank 2 of 16

MetricYour Credit UnionPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets2.07%0.85%1.44%2.05%Beats 81%3 / 16
Return on Equity10.87%6.27%10.66%13.40%Beats 56%7 / 16
Net Interest Margin3.96%4.07%4.17%4.88%Beats 19%13 / 16
Efficiency Ratio51.40%63.01%70.37%80.78%Beats 94%2 / 16
Asset Quality
Nonperforming Loans / Loans0.90%0.32%0.86%1.92%Beats 44%10 / 16
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio19.08%13.43%14.66%16.97%Beats 88%2 / 16
Total Risk-Based Capital Ration/aNot reported for this institution
Equity / Assets19.08%13.43%14.66%16.97%Beats 88%2 / 16
Liquidity & Funding
Loans / Deposits37.05%67.52%85.26%93.00%0th pctl16 / 16
Loans / Assets30.04%52.10%73.80%79.04%0th pctl16 / 16
Brokered Deposits / Depositsn/aNot reported for this institution