PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Michigan Coastal

Muskegon, MI · Charter 61631

NCUA · 2 branches

Q2 2026

$25.7MAssets
$21.0MLoans
$23.4MShares
$2.2MNet 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 0.77%, up 81 bps year over year; NIM at 4.76%.
  • Asset quality: problem loans at 4.04% of loans (+86 bps YoY).
  • Capital: net worth / assets of 8.66%, up 71 bps from a year ago.
  • Funding: loans stand at 89.84% of shares as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.77%+81 bps YoY

Net Interest Margin (quarter, annualized)

4.76%+62 bps YoY

Efficiency Ratio (quarter, annualized)

79.06%-961 bps YoY

Net Worth / Assets

8.66%+71 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.04%-0.25%-0.12%0.67%0.77%+81 bps
Return on Equity-0.50%-3.06%-1.51%7.99%8.92%+942 bps
Net Interest Margin4.14%4.34%4.47%4.64%4.76%+62 bps
Efficiency Ratio88.68%87.32%85.07%78.94%79.06%-961 bps
Growth
Asset Growth (YoY)-2.62%-7.36%-4.72%-5.01%-5.83%-320 bps
Loan Growth (YoY)-6.46%-4.60%-3.24%-6.29%-11.34%-488 bps
Share Growth (YoY)-2.62%-7.49%-4.94%-5.12%-6.28%-366 bps
Asset Quality
Delinquent Loans / Loans3.17%2.90%1.80%0.54%4.04%+86 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 Capital7.95%8.10%8.08%8.34%8.66%+71 bps
Net Worth / Assets7.95%8.10%8.08%8.34%8.66%+71 bps
Liquidity & Funding
Loans / Shares94.96%97.04%97.35%94.65%89.84%-512 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps