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Duluth Fire Department

Duluth, MN · Charter 60750

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

81

Q2 2024Q2 2026peer median (50)

Asset Quality

75

Q2 2024Q2 2026peer median (50)

Profitability

4

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

37

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

Duluth Fire Department

Duluth, MN · Charter 60750

NCUA · 1 branch

Q2 2026

$7.5MAssets
$2.5MLoans
$6.2MShares
$1.3MNet 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 0.50%, down 30 bps year over year; NIM at 2.08%.
  • Asset quality: problem loans at 0.31% of loans (+31 bps YoY).
  • Capital: net worth / assets of 17.76%, down 54 bps from a year ago.
  • Funding: loans stand at 40.00% of shares as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.50%-30 bps YoY

Net Interest Margin (YTD, annualized)

2.08%-19 bps YoY

Efficiency Ratio (YTD, annualized)

76.21%+1,134 bps YoY

Net Worth / Assets

17.76%-54 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.80%1.00%0.55%1.93%0.50%-30 bps
Return on Equity4.36%5.62%3.12%10.94%2.79%-157 bps
Net Interest Margin2.27%2.56%2.14%3.31%2.08%-19 bps
Efficiency Ratio64.87%61.15%74.13%41.55%76.21%+1,134 bps
Growth
Asset Growth (YoY)9.89%14.32%10.47%12.04%5.53%-436 bps
Loan Growth (YoY)-3.81%-4.46%-8.84%-8.79%-11.84%-803 bps
Share Growth (YoY)11.26%17.19%12.17%14.13%6.24%-503 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.34%0.31%+31 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.47%0.48%0.49%0.51%0.53%+6 bps
Capital
Risk-Based Capital18.30%17.70%17.76%17.66%17.76%-54 bps
Net Worth / Assets18.30%17.70%17.76%17.66%17.76%-54 bps
Liquidity & Funding
Loans / Shares48.20%44.09%43.85%41.24%40.00%-820 bps
Liquid Assets / Assets0.00%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

Duluth Fire Department

Duluth, MN · Charter 60750 · Peer group: credit unions under $1B in assets in the Duluth, MN-WI area (n=16)

NCUA · 1 branch

Q2 2026

$7.5MAssets
$2.5MLoans
$6.2MShares
$1.3MNet Worth

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 81% of credit unions under $1B in assets in the Duluth, MN-WI area (rank 3 of 16).
  • Widest gap: net interest margin trails 100% of credit unions under $1B in assets in the Duluth, MN-WI area (rank 16 of 16).
  • Overall: at or above the peer median on 3 of 7 directional measures.

Return on Assets

0.51%

Rank 15 of 16

Net Interest Margin

2.08%

Rank 16 of 16

Efficiency Ratio

76.92%

Rank 11 of 16

Equity / Assets

17.75%

Rank 3 of 16

MetricYour Credit UnionPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.51%0.85%1.44%2.05%Beats 6%15 / 16
Return on Equity2.85%6.27%10.66%13.40%Beats 6%15 / 16
Net Interest Margin2.08%4.07%4.17%4.88%Beats 0%16 / 16
Efficiency Ratio76.92%63.01%70.37%80.78%Beats 37%11 / 16
Asset Quality
Nonperforming Loans / Loans0.32%0.32%0.86%1.92%Beats 75%5 / 16
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio17.75%13.43%14.66%16.97%Beats 81%3 / 16
Total Risk-Based Capital Ration/aNot reported for this institution
Equity / Assets17.75%13.43%14.66%16.97%Beats 81%3 / 16
Liquidity & Funding
Loans / Deposits40.00%67.52%85.26%93.00%6th pctl15 / 16
Loans / Assets32.89%52.10%73.80%79.04%6th pctl15 / 16
Brokered Deposits / Depositsn/aNot reported for this institution