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1st United

Pleasanton, CA · Charter 63958

NCUA · 8 branches

Q2 2026

$1.3BAssets
$811.6MLoans
$1.1BShares
$152.9MNet 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 0.75%, down 25 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 0.25% of loans (+6 bps YoY).
  • Capital: net worth / assets of 12.16%, up 37 bps from a year ago.
  • Funding: loans stand at 73.60% of shares as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.75%-25 bps YoY

Net Interest Margin (quarter, annualized)

3.46%+14 bps YoY

Efficiency Ratio (quarter, annualized)

77.16%+654 bps YoY

Net Worth / Assets

12.16%+37 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.00%0.91%0.85%0.77%0.75%-25 bps
Return on Equity8.49%7.64%7.12%6.38%6.15%-233 bps
Net Interest Margin3.32%3.33%3.31%3.45%3.46%+14 bps
Efficiency Ratio70.62%72.38%73.51%76.33%77.16%+654 bps
Growth
Asset Growth (YoY)0.99%2.66%2.84%2.31%2.82%+183 bps
Loan Growth (YoY)-3.71%-3.24%-2.63%-3.99%-2.36%+135 bps
Share Growth (YoY)0.22%2.11%2.11%1.73%2.52%+230 bps
Asset Quality
Delinquent Loans / Loans0.19%0.24%0.23%0.14%0.25%+6 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 Capital11.79%11.86%11.92%12.05%12.16%+37 bps
Net Worth / Assets11.79%11.86%11.92%12.05%12.16%+37 bps
Liquidity & Funding
Loans / Shares77.28%76.05%74.69%73.26%73.60%-368 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps