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SMW Financial

Lino Lakes, MN · Charter 68676

NCUA · 2 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, credit unions under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Credit unions under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=25). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

48

Q2 2024Q2 2026peer median (50)

Asset Quality

84

Q2 2024Q2 2026peer median (50)

Profitability

44

Q2 2024Q2 2026peer median (50)

Liquidity

83

Q2 2024Q2 2026peer median

Efficiency

56

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

SMW Financial

Lino Lakes, MN · Charter 68676

NCUA · 2 branches

Q2 2026

$87.5MAssets
$58.1MLoans
$77.6MShares
$10.1MNet Worth

Executive Summary

  • Earnings: ROA of 0.44%, down 2 bps year over year; NIM at 3.37%.
  • Asset quality: problem loans at 0.01% of loans (-13 bps YoY).
  • Capital: net worth / assets of 11.51%, up 52 bps from a year ago.
  • Funding: loans stand at 74.94% of shares as of Q2 2026.

Return on Assets (YTD, annualized)

0.44%-2 bps YoY

Net Interest Margin (YTD, annualized)

3.37%+21 bps YoY

Efficiency Ratio (YTD, annualized)

85.30%-334 bps YoY

Net Worth / Assets

11.51%+52 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.22%0.23%0.40%0.46%0.49%0.47%0.58%0.44%-2 bps
Return on Equity2.15%2.20%3.76%4.20%4.50%4.29%5.29%3.85%-35 bps
Net Interest Margin2.88%2.92%3.01%3.16%3.16%3.17%3.15%3.37%+21 bps
Efficiency Ratio94.15%94.00%89.68%88.63%87.79%88.22%82.90%85.30%-334 bps
Growth
Asset Growth (YoY)1.81%2.62%-2.07%-1.97%-1.54%0.32%3.11%-0.39%+158 bps
Loan Growth (YoY)-6.34%-4.46%-3.67%0.75%-0.14%-3.71%0.87%6.95%+620 bps
Share Growth (YoY)1.85%2.41%-3.02%-2.94%-2.38%-0.76%2.64%-1.16%+178 bps
Asset Quality
Delinquent Loans / Loans0.09%0.06%0.00%0.15%0.19%0.21%0.12%0.01%-13 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 Capital10.30%10.45%10.69%11.00%10.89%10.88%10.87%11.51%+52 bps
Net Worth / Assets10.30%10.45%10.69%11.00%10.89%10.88%10.87%11.51%+52 bps
Liquidity & Funding
Loans / Shares65.26%66.48%66.91%69.25%66.76%64.50%65.75%74.94%+569 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

SMW Financial

Lino Lakes, MN · Charter 68676 · Peer group: credit unions under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=25)

NCUA · 2 branches

Q2 2026

$87.5MAssets
$58.1MLoans
$77.6MShares
$10.1MNet Worth

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 84% of credit unions under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 5 of 25).
  • Widest gap: net interest margin trails 72% of credit unions under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 18 of 25).
  • Overall: at or above the peer median on 4 of 7 directional measures.

Return on Assets

0.44%

Rank 12 of 25

Net Interest Margin

3.37%

Rank 18 of 25

Efficiency Ratio

85.33%

Rank 12 of 25

Equity / Assets

11.51%

Rank 13 of 25

MetricYour Credit UnionPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.44%-0.29%0.38%0.84%Beats 52%12 / 25
Return on Equity3.85%-1.54%3.43%5.67%Beats 52%12 / 25
Net Interest Margin3.37%3.36%3.62%4.13%Beats 28%18 / 25
Efficiency Ratio85.33%75.76%88.22%93.38%Beats 56%12 / 25
Asset Quality
Nonperforming Loans / Loans0.01%0.29%0.62%1.02%Beats 84%5 / 25
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio11.51%10.07%11.51%14.55%Beats 48%13 / 25
Total Risk-Based Capital Ration/aNot reported for this institution
Equity / Assets11.51%10.07%11.51%14.55%Beats 48%13 / 25
Liquidity & Funding
Loans / Deposits74.94%59.49%71.17%86.44%56th pctl11 / 25
Loans / Assets66.47%53.45%61.94%76.61%56th pctl11 / 25
Brokered Deposits / Depositsn/aNot reported for this institution