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Soo Co-op

Sault Sainte Ma, MI · Charter 62325

NCUA · 6 branches

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 MI3

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 MI (n=56). 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

68

Q2 2024Q2 2026peer median (50)

Asset Quality

84

Q2 2024Q2 2026peer median (50)

Profitability

59

Q2 2024Q2 2026peer median (50)

Liquidity

97

Q2 2024Q2 2026peer median

Efficiency

61

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

Soo Co-op

Sault Sainte Ma, MI · Charter 62325

NCUA · 6 branches

Q2 2026

$324.4MAssets
$182.4MLoans
$281.4MShares
$44.4MNet 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 1.41%, up 17 bps year over year; NIM at 3.74%.
  • Asset quality: problem loans at 0.32% of loans (+9 bps YoY).
  • Capital: net worth / assets of 13.67%, up 49 bps from a year ago.
  • Funding: loans stand at 64.81% of shares as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.41%+17 bps YoY

Net Interest Margin (YTD, annualized)

3.74%+18 bps YoY

Efficiency Ratio (YTD, annualized)

69.89%-270 bps YoY

Net Worth / Assets

13.67%+49 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.24%1.29%1.23%1.43%1.41%+17 bps
Return on Equity9.40%9.68%9.15%10.76%10.30%+91 bps
Net Interest Margin3.56%3.60%3.60%3.67%3.74%+18 bps
Efficiency Ratio72.60%71.59%72.58%69.92%69.89%-270 bps
Growth
Asset Growth (YoY)10.28%9.64%7.81%6.87%6.62%-366 bps
Loan Growth (YoY)4.80%6.49%8.52%6.94%2.89%-191 bps
Share Growth (YoY)9.19%8.87%6.11%5.69%5.43%-376 bps
Asset Quality
Delinquent Loans / Loans0.22%0.42%0.36%0.27%0.32%+9 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 Capital13.18%13.36%13.43%13.31%13.67%+49 bps
Net Worth / Assets13.18%13.36%13.43%13.31%13.67%+49 bps
Liquidity & Funding
Loans / Shares66.41%67.66%67.58%63.94%64.81%-160 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

Soo Co-op

Sault Sainte Ma, MI · Charter 62325 · Peer group: credit unions under $1B in assets in MI (n=56)

NCUA · 6 branches

Q2 2026

$324.4MAssets
$182.4MLoans
$281.4MShares
$44.4MNet Worth

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 84% of credit unions under $1B in assets in MI (rank 10 of 56).
  • Widest gap: net interest margin trails 59% of credit unions under $1B in assets in MI (rank 33 of 56).
  • Overall: at or above the peer median on 6 of 7 directional measures.

Return on Assets

1.41%

Rank 15 of 56

Net Interest Margin

3.74%

Rank 33 of 56

Efficiency Ratio

69.89%

Rank 23 of 56

Equity / Assets

13.67%

Rank 18 of 56

MetricYour Credit UnionPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.41%0.74%1.15%1.47%Beats 73%15 / 56
Return on Equity10.30%6.40%9.29%11.51%Beats 64%20 / 56
Net Interest Margin3.74%3.40%3.92%4.36%Beats 41%33 / 56
Efficiency Ratio69.89%65.99%72.16%78.25%Beats 61%23 / 56
Asset Quality
Nonperforming Loans / Loans0.32%0.49%0.84%1.28%Beats 84%10 / 56
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio13.67%10.20%12.14%14.32%Beats 68%18 / 56
Total Risk-Based Capital Ration/aNot reported for this institution
Equity / Assets13.67%10.20%12.14%14.32%Beats 68%18 / 56
Liquidity & Funding
Loans / Deposits64.81%52.28%65.96%76.17%48th pctl29 / 56
Loans / Assets56.22%45.34%56.55%67.04%48th pctl29 / 56
Brokered Deposits / Depositsn/aNot reported for this institution