PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Novation

Oakdale, MN · Charter 65063

NCUA · 2 branches

Q2 2026

$244.0MAssets
$176.4MLoans
$216.1MShares
$26.8MNet Worth

Executive Summary

  • Earnings: ROA of 1.07%, up 2 bps year over year; NIM at 3.67%.
  • Asset quality: problem loans at 0.66% of loans (+21 bps YoY).
  • Capital: net worth / assets of 11.00%, up 97 bps from a year ago.
  • Funding: loans stand at 81.64% of shares as of Q2 2026.

Return on Assets (YTD, annualized)

1.07%+2 bps YoY

Net Interest Margin (YTD, annualized)

3.67%+27 bps YoY

Efficiency Ratio (YTD, annualized)

72.09%+85 bps YoY

Net Worth / Assets

11.00%+97 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.08%1.09%1.04%1.06%1.11%1.16%1.09%1.07%+2 bps
Return on Equity11.20%11.15%10.90%10.53%10.76%11.03%10.54%9.75%-78 bps
Net Interest Margin3.24%3.24%3.28%3.41%3.46%3.49%3.49%3.67%+27 bps
Efficiency Ratio71.64%72.13%72.20%71.24%70.88%69.93%74.02%72.09%+85 bps
Growth
Asset Growth (YoY)0.03%2.38%3.02%4.55%4.86%3.99%3.07%1.79%-276 bps
Loan Growth (YoY)1.03%2.83%4.79%3.66%2.96%3.72%2.80%6.08%+243 bps
Share Growth (YoY)-1.25%1.20%1.87%3.57%4.05%3.04%2.09%0.66%-291 bps
Asset Quality
Delinquent Loans / Loans0.42%0.49%0.40%0.46%0.58%0.66%0.66%0.66%+21 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital9.65%9.80%9.56%10.03%10.29%10.56%10.39%11.00%+97 bps
Net Worth / Assets9.65%9.80%9.56%10.03%10.29%10.56%10.39%11.00%+97 bps
Liquidity & Funding
Loans / Shares80.47%79.14%75.93%77.46%79.62%79.67%76.46%81.64%+417 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps