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Letter portraitLegal landscapeQuarterYTD

Gogebic County

Bessemer, MI · Charter 7644

NCUA · 3 branches

Q2 2026

$38.5MAssets
$11.8MLoans
$31.7MShares
$6.6MNet 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 2.41%, down 4 bps year over year; NIM at 4.83%.
  • Asset quality: problem loans at 0.89% of loans (+71 bps YoY).
  • Capital: net worth / assets of 17.21%, up 149 bps from a year ago.
  • Funding: loans stand at 37.22% of shares as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

2.41%-4 bps YoY

Net Interest Margin (quarter, annualized)

4.83%-23 bps YoY

Efficiency Ratio (quarter, annualized)

56.96%+572 bps YoY

Net Worth / Assets

17.21%+149 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.45%2.45%2.40%2.37%2.41%-4 bps
Return on Equity15.55%15.10%14.70%14.28%13.99%-156 bps
Net Interest Margin5.06%5.09%4.93%4.76%4.83%-23 bps
Efficiency Ratio51.23%54.34%55.59%60.56%56.96%+572 bps
Growth
Asset Growth (YoY)5.16%6.48%9.62%7.68%6.03%+87 bps
Loan Growth (YoY)-3.09%-8.07%-13.34%-14.00%-10.48%-738 bps
Share Growth (YoY)3.80%4.47%8.36%5.84%4.11%+31 bps
Asset Quality
Delinquent Loans / Loans0.19%0.45%0.73%0.49%0.89%+71 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 Capital15.73%16.23%16.31%16.58%17.21%+149 bps
Net Worth / Assets15.73%16.23%16.31%16.58%17.21%+149 bps
Liquidity & Funding
Loans / Shares43.29%41.68%37.94%35.79%37.22%-607 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps