PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Whatcom Educational

Bellingham, WA · Charter 66373

NCUA · 12 branches

Q2 2026

$3.4BAssets
$2.8BLoans
$2.7BShares
$381.0MNet 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 0.67%, up 19 bps year over year; NIM at 3.00%.
  • Asset quality: problem loans at 0.69% of loans (-3 bps YoY).
  • Capital: net worth / assets of 11.21%, down 69 bps from a year ago.
  • Funding: loans stand at 100.64% of shares as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.67%+19 bps YoY

Net Interest Margin (YTD, annualized)

3.00%+4 bps YoY

Efficiency Ratio (YTD, annualized)

72.00%-70 bps YoY

Net Worth / Assets

11.21%-69 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.48%0.44%0.39%0.57%0.67%+19 bps
Return on Equity4.07%3.81%3.57%5.08%5.99%+192 bps
Net Interest Margin2.95%2.95%2.74%2.96%3.00%+4 bps
Efficiency Ratio72.70%72.40%74.06%74.21%72.00%-70 bps
Growth
Asset Growth (YoY)7.74%8.49%12.67%11.15%11.20%+346 bps
Loan Growth (YoY)16.56%11.87%7.75%10.44%7.42%-914 bps
Share Growth (YoY)8.66%10.00%15.46%11.78%10.97%+231 bps
Asset Quality
Delinquent Loans / Loans0.72%0.72%0.74%0.70%0.69%-3 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 Capital11.90%11.68%11.07%11.25%11.21%-69 bps
Net Worth / Assets11.90%11.68%11.07%11.25%11.21%-69 bps
Liquidity & Funding
Loans / Shares103.96%99.30%97.09%99.21%100.64%-333 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps