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Puget Sound Refinery

Anacortes, WA · Charter 9145

NCUA · 1 branch

Q2 2026

$15.6MAssets
$9.5MLoans
$12.7MShares
$2.7MNet 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 0.96%, up 22 bps year over year; NIM at 4.13%.
  • Asset quality: problem loans at 2.29% of loans (+43 bps YoY).
  • Capital: net worth / assets of 17.51%, up 305 bps from a year ago.
  • Funding: loans stand at 74.61% of shares as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.96%+22 bps YoY

Net Interest Margin (quarter, annualized)

4.13%+59 bps YoY

Efficiency Ratio (quarter, annualized)

78.52%+1,645 bps YoY

Net Worth / Assets

17.51%+305 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.74%0.81%0.62%1.09%0.96%+22 bps
Return on Equity5.12%5.59%4.16%7.04%5.48%+36 bps
Net Interest Margin3.54%3.59%3.68%3.80%4.13%+59 bps
Efficiency Ratio62.07%68.92%75.10%73.09%78.52%+1,645 bps
Growth
Asset Growth (YoY)3.81%5.74%3.05%4.79%-13.59%-1,739 bps
Loan Growth (YoY)-8.75%-14.68%-16.84%-18.38%-22.12%-1,336 bps
Share Growth (YoY)3.49%5.83%3.69%-2.84%-16.90%-2,039 bps
Asset Quality
Delinquent Loans / Loans1.86%1.91%1.92%2.20%2.29%+43 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 Capital14.46%14.43%14.85%15.49%17.51%+305 bps
Net Worth / Assets14.46%14.43%14.85%15.49%17.51%+305 bps
Liquidity & Funding
Loans / Shares79.61%71.37%69.37%66.05%74.61%-500 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps