PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Minnesota Power Employees

Duluth, MN · Charter 60377

NCUA · 3 branches

Q2 2026

$161.9MAssets
$115.9MLoans
$135.9MShares
$23.7MNet Worth

Executive Summary

  • Earnings: ROA of 1.34%, up 7 bps year over year; NIM at 3.31%.
  • Asset quality: problem loans at 1.92% of loans (+171 bps YoY).
  • Capital: net worth / assets of 14.66%, up 77 bps from a year ago.
  • Funding: loans stand at 85.26% of shares as of Q2 2026.

Return on Assets (YTD, annualized)

1.34%+7 bps YoY

Net Interest Margin (YTD, annualized)

3.31%-4 bps YoY

Efficiency Ratio (YTD, annualized)

62.18%-302 bps YoY

Net Worth / Assets

14.66%+77 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.99%0.77%1.35%1.27%1.05%1.18%1.26%1.34%+7 bps
Return on Equity7.37%5.91%9.91%9.13%7.52%8.27%9.28%9.14%+1 bps
Net Interest Margin2.90%2.83%3.21%3.35%3.38%3.41%3.11%3.31%-4 bps
Efficiency Ratio67.93%69.87%64.33%65.20%62.63%62.36%57.97%62.18%-302 bps
Growth
Asset Growth (YoY)8.82%8.68%3.39%3.00%2.77%-0.82%8.83%3.33%+33 bps
Loan Growth (YoY)10.41%12.26%14.64%15.66%11.66%2.01%-1.00%-3.42%-1,908 bps
Share Growth (YoY)8.50%10.98%7.20%7.13%7.20%5.89%13.69%11.28%+415 bps
Asset Quality
Delinquent Loans / Loans0.03%0.30%0.18%0.21%0.37%0.72%0.95%1.92%+171 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 Capital13.45%12.98%13.62%13.90%13.93%14.26%13.62%14.66%+77 bps
Net Worth / Assets13.45%12.98%13.62%13.90%13.93%14.26%13.62%14.66%+77 bps
Liquidity & Funding
Loans / Shares94.30%94.90%96.39%98.24%98.22%91.43%83.94%85.26%-1,298 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps