50 institutions reported delinquent loans with minimal loan-loss reserves in Q1 2026. The top three under-reserved lenders were RED RIVER in OK, BAY in CA, and HERITAGE in IN, each with coverage ratios at 0.0%.

Under-Reserved Lenders

Sorted by Allowance Coverage ↑

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Rank	Institution	Source	State	Allowance Coverage	QoQ
1	RED RIVER	CU	OK	0.0%	0.0
2	BAY	CU	CA	0.0%	0.0
3	HERITAGE	CU	IN	0.0%	0.0
4	ASSOCIATED CREDIT UNION	CU	GA	0.0%	0.0
5	IQ	CU	WA	0.0%	0.0
6	MICHIGAN FIRST	CU	MI	0.0%	0.0
7	EXTRA	CU	MI	0.0%	0.0
8	CREDIT UNION ONE	CU	MI	0.0%	0.0
9	MAINE STATE	CU	ME	0.0%	0.0
10	IAA	CU	IL	0.0%	0.0
40 more institutions match this list. Unlock metric values for every row, column sort, archives, and CSV export with Mastermind. Unlock with Mastermind

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Rank	Institution	Source	State	Allowance Coverage	QoQ	Trend
11	CREDIT UNION WEST	CU	AZ	████	████	████
12	HERITAGE COMMUNITY	CU	CA	████	████	████
13	UNITED CONSUMERS	CU	MO	████	████	████
14	CAMPUS USA	CU	FL	████	████	████
15	PACIFIC SERVICE	CU	CA	████	████	████
16	FAIRWINDS	CU	FL	████	████	████
17	SOUTHLAND	CU	CA	████	████	████
18	MERIWEST	CU	CA	████	████	████
19	BANK OF EAST ASIA LTD	BANK	NY	████	████	████
20	CENTURY	CU	OH	████	████	████
21	ADVIA	CU	MI	████	████	████
22	VIBE	CU	MI	████	████	████
23	WE FLORIDA FINANCIAL	CU	FL	████	████	████
24	TEXOMA COMMUNITY	CU	TX	████	████	████
25	SAFE 1	CU	CA	████	████	████
26	LIBERTYONE	CU	TX	████	████	████
27	KEMBA FINANCIAL	CU	OH	████	████	████
28	BANK OF EAST ASIA LTD	BANK	NY	████	████	████
29	IH CREDIT UNION, INC.	CU	OH	████	████	████
30	MERCED SCHOOL EMPLOYEES	CU	CA	████	████	████
31	CHOICE ONE COMMUNITY	CU	PA	████	████	████
32	HERITAGE FINANCIAL	CU	NY	████	████	████
33	LAFAYETTE	CU	MD	████	████	████
34	CHIEF FINANCIAL	CU	MI	████	████	████
35	DAKOTALAND	CU	SD	████	████	████
36	ABOUND	CU	KY	████	████	████
37	CHESSIE	CU	MD	████	████	████
38	EMPOWER	CU	NY	████	████	████
39	PENINSULA	CU	MI	████	████	████
40	TRUE NORTH	CU	AK	████	████	████
41	LEVO	CU	SD	████	████	████
42	CORNING	CU	NY	████	████	████
43	GREATER ALLIANCE	CU	NJ	████	████	████
44	PASADENA	CU	CA	████	████	████
45	VACATIONLAND	CU	OH	████	████	████
46	GULF COAST	CU	TX	████	████	████
47	ENERGY ONE	CU	OK	████	████	████
48	HAWAIIAN FINANCIAL	CU	HI	████	████	████
49	DIRECT	CU	MA	████	████	████
50	ADVANCIAL	CU	TX	████	████	████

Methodology

Allowance coverage of nonperforming loans is the ratio of an institution's loss allowance (Allowance for Credit Losses / ALLL) to its nonperforming-loan balance. A coverage ratio below 100% means the existing reserve cannot fully absorb the currently-identified problem loans — further deterioration will flow directly through earnings and capital. This card ranks institutions across both banks and credit unions in ascending order of allowance_coverage_of_nonperforming, surfacing the top 50 whose coverage ratio is at or below 50% (the 0.5 threshold, thresholds.maxCoverage = 0.5) and whose nonperforming-loan balance meets or exceeds the $1,000,000 nonperforming-volume floor (1000000, thresholds.minNplVolume) to filter out trivial portfolios where small-dollar denominators produce noisy ratios. For banks (FDIC-insured): allowance — FFIEC Call Report Schedule RC-R Part II item 6, Allowance for credit losses (RCFD3123 / RCON3123); nonperforming volume — Schedule RC-N line 9, 90+ days past due col B (RCFD1407 / RCON1407) plus nonaccrual col C (RCFD1403 / RCON1403). For credit unions: allowance for loan losses — NCUA ACCT_719; 60+ days delinquent — NCUA ACCT_041B. Cross-type comparability: bank "non-current" (90+ past due or nonaccrual) and CU "60+ delinquent" are LCD approximations, not equivalents. Methodology updated 2026-03-31: bank nonperforming-volume denominator now sources directly from FFIEC Call Report Schedule RC-N. Prior quarters used a BankFind ratio-derived approximation. Read the methodology update note at /blog/npl-explorer-fdic-cdr-direct-sourcing.

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