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Southpoint Financial

Sleepy Eye, MN · Charter 68667

NCUA · 9 branches

Q2 2026

$608.9MAssets
$465.3MLoans
$536.1MShares
$68.0MNet 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 0.77%, up 25 bps year over year; NIM at 3.03%.
  • Asset quality: problem loans at 0.17% of loans (+8 bps YoY).
  • Capital: net worth / assets of 11.17%, up 31 bps from a year ago.
  • Funding: loans stand at 86.80% of shares as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.77%+25 bps YoY

Net Interest Margin (quarter, annualized)

3.03%+35 bps YoY

Efficiency Ratio (quarter, annualized)

78.33%-805 bps YoY

Net Worth / Assets

11.17%+31 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.51%0.64%0.61%0.88%0.77%+25 bps
Return on Equity4.74%5.78%5.63%8.11%6.89%+215 bps
Net Interest Margin2.68%2.79%2.73%2.95%3.03%+35 bps
Efficiency Ratio86.37%83.32%82.15%76.68%78.33%-805 bps
Growth
Asset Growth (YoY)9.49%6.24%6.59%7.21%4.17%-532 bps
Loan Growth (YoY)10.35%9.72%8.89%7.58%5.77%-458 bps
Share Growth (YoY)8.21%7.66%6.69%10.69%11.15%+295 bps
Asset Quality
Delinquent Loans / Loans0.09%0.41%0.45%0.15%0.17%+8 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 Capital10.86%11.11%10.77%10.81%11.17%+31 bps
Net Worth / Assets10.86%11.11%10.77%10.81%11.17%+31 bps
Liquidity & Funding
Loans / Shares91.22%91.48%87.73%84.34%86.80%-442 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps