PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Southeast Michigan State Employees

West Bloomfield, MI · Charter 7628

NCUA · 1 branch

Q2 2026

$51.5MAssets
$8.3MLoans
$45.8MShares
$6.2MNet Worth

Executive Summary

  • Earnings: ROA of 1.09%, down 36 bps year over year; NIM at 4.03%.
  • Asset quality: problem loans at 2.14% of loans (+62 bps YoY).
  • Capital: net worth / assets of 12.07%, up 84 bps from a year ago.
  • Funding: loans stand at 18.02% of shares as of Q2 2026.

Return on Assets (YTD, annualized)

1.09%-36 bps YoY

Net Interest Margin (YTD, annualized)

4.03%-1 bps YoY

Efficiency Ratio (YTD, annualized)

75.45%+1,752 bps YoY

Net Worth / Assets

12.07%+84 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.57%0.71%1.62%1.45%1.37%1.31%1.18%1.09%-36 bps
Return on Equity5.33%6.61%14.85%12.93%11.80%11.34%10.02%9.05%-388 bps
Net Interest Margin4.06%4.09%3.94%4.04%4.13%4.17%4.17%4.03%-1 bps
Efficiency Ratio68.85%70.95%47.46%57.94%63.51%66.79%76.41%75.45%+1,752 bps
Growth
Asset Growth (YoY)2.61%2.21%2.26%0.79%1.86%2.95%0.78%0.79%-1 bps
Loan Growth (YoY)-25.06%-25.13%-21.39%-17.74%-5.41%-2.08%1.85%4.23%+2,197 bps
Share Growth (YoY)1.21%1.21%0.62%-0.93%0.21%1.17%-0.01%0.25%+117 bps
Asset Quality
Delinquent Loans / Loans3.65%3.49%3.35%1.52%1.58%3.89%1.83%2.14%+62 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 Capital10.67%10.79%10.89%11.22%11.57%11.60%11.80%12.07%+84 bps
Net Worth / Assets10.67%10.79%10.89%11.22%11.57%11.60%11.80%12.07%+84 bps
Liquidity & Funding
Loans / Shares19.74%18.70%17.59%17.34%18.63%18.10%17.91%18.02%+69 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps