PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Puget Sound Cooperative

Bellevue, WA · Charter 68204

NCUA · 4 branches

Q2 2026

$273.8MAssets
$202.0MLoans
$240.9MShares
$30.7MNet 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 0.23%, down 12 bps year over year; NIM at 2.68%.
  • Asset quality: problem loans at 0.57% of loans (+30 bps YoY).
  • Capital: net worth / assets of 11.23%, up 294 bps from a year ago.
  • Funding: loans stand at 83.83% of shares as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.23%-12 bps YoY

Net Interest Margin (YTD, annualized)

2.68%0 bps YoY

Efficiency Ratio (YTD, annualized)

91.32%+395 bps YoY

Net Worth / Assets

11.23%+294 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.35%0.41%0.52%0.25%0.23%-12 bps
Return on Equity4.20%4.87%4.64%2.32%2.01%-219 bps
Net Interest Margin2.68%2.77%2.69%2.60%2.68%0 bps
Efficiency Ratio87.37%86.20%81.36%92.55%91.32%+395 bps
Growth
Asset Growth (YoY)0.45%0.68%2.26%5.12%5.89%+544 bps
Loan Growth (YoY)-5.78%-5.48%-4.74%-7.20%-9.78%-400 bps
Share Growth (YoY)0.12%0.36%2.13%5.42%6.34%+622 bps
Asset Quality
Delinquent Loans / Loans0.27%0.39%0.45%0.61%0.57%+30 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 Capital8.29%8.46%11.29%10.93%11.23%+294 bps
Net Worth / Assets8.29%8.46%11.29%10.93%11.23%+294 bps
Liquidity & Funding
Loans / Shares98.81%98.65%93.23%85.23%83.83%-1,498 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps