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Desert Financial

Phoenix, AZ · Charter 68713

NCUA · 50 branches

Q2 2026

$9.9BAssets
$5.3BLoans
$8.9BShares
$1.2BNet 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 1.11%, up 32 bps year over year; NIM at 2.82%.
  • Asset quality: problem loans at 0.47% of loans (+16 bps YoY).
  • Capital: net worth / assets of 11.75%, down 9 bps from a year ago.
  • Funding: loans stand at 59.91% of shares as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.11%+32 bps YoY

Net Interest Margin (YTD, annualized)

2.82%+29 bps YoY

Efficiency Ratio (YTD, annualized)

69.86%-710 bps YoY

Net Worth / Assets

11.75%-9 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.79%0.78%0.78%0.87%1.11%+32 bps
Return on Equity6.66%6.58%6.74%7.52%9.43%+277 bps
Net Interest Margin2.53%2.58%2.53%2.85%2.82%+29 bps
Efficiency Ratio76.96%76.64%76.03%73.97%69.86%-710 bps
Growth
Asset Growth (YoY)3.43%3.07%8.56%7.97%8.96%+554 bps
Loan Growth (YoY)12.48%14.97%15.73%15.87%14.22%+173 bps
Share Growth (YoY)8.02%7.42%7.21%5.89%6.80%-122 bps
Asset Quality
Delinquent Loans / Loans0.31%0.36%0.44%0.38%0.47%+16 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 Capital11.84%11.91%11.61%11.52%11.75%-9 bps
Net Worth / Assets11.84%11.91%11.61%11.52%11.75%-9 bps
Liquidity & Funding
Loans / Shares56.02%58.40%58.56%58.74%59.91%+389 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps