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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