PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Lake Michigan

Grand Rapids, MI · Charter 62514

NCUA · 76 branches

Q2 2026

$17.3BAssets
$13.7BLoans
$14.7BShares
$1.9BNet 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 1.18%, down 25 bps year over year; NIM at 2.51%.
  • Asset quality: problem loans at 0.35% of loans (-1 bps YoY).
  • Capital: net worth / assets of 11.27%, down 59 bps from a year ago.
  • Funding: loans stand at 92.76% of shares as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.18%-25 bps YoY

Net Interest Margin (quarter, annualized)

2.51%-17 bps YoY

Efficiency Ratio (quarter, annualized)

61.07%+406 bps YoY

Net Worth / Assets

11.27%-59 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.43%1.37%1.30%1.28%1.18%-25 bps
Return on Equity12.08%11.50%11.29%11.41%10.47%-161 bps
Net Interest Margin2.68%2.66%2.55%2.52%2.51%-17 bps
Efficiency Ratio57.01%57.86%58.20%59.39%61.07%+406 bps
Growth
Asset Growth (YoY)4.22%5.77%9.81%14.26%16.15%+1,194 bps
Loan Growth (YoY)6.24%9.24%9.37%8.85%8.35%+211 bps
Share Growth (YoY)3.88%5.57%9.80%14.87%17.49%+1,361 bps
Asset Quality
Delinquent Loans / Loans0.36%0.34%0.48%0.43%0.35%-1 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 Capital11.85%11.91%11.55%11.25%11.27%-59 bps
Net Worth / Assets11.85%11.91%11.55%11.25%11.27%-59 bps
Liquidity & Funding
Loans / Shares100.58%101.69%97.34%92.90%92.76%-783 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps