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 an institution's loss allowance (Allowance for Credit Losses / ALLL) divided by its nonperforming-loan balance. Coverage below 100% means the existing reserve cannot fully absorb the problem loans already identified — further deterioration flows straight through earnings and capital. This card ranks banks and credit unions together, lowest coverage first, and surfaces the top 50 whose coverage is at or below 50% (0.5) and whose nonperforming loans total at least $1,000,000 — a floor that filters out small portfolios where tiny 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 credit losses on loans and leases — NCUA ACCT_AS0048 (CECL), or ACCT_719 for credit unions not on CECL; 60+ days delinquent — NCUA ACCT_041B. Comparing banks with credit unions: bank "non-current" loans (90+ days past due or nonaccrual) and credit-union "60+ days delinquent" loans are the closest measures the two filings share, not exact equivalents. Methodology updated 2026-03-31: the bank nonperforming-loan figure now comes directly from FFIEC Call Report Schedule RC-N. Earlier quarters used an approximation derived from BankFind ratios. Read the methodology update note at /blog/npl-explorer-fdic-cdr-direct-sourcing. Methodology updated 2026-09-27: credit-union allowances now come from the CECL account (ACCT_AS0048). Earlier snapshots read only ACCT_719, which CECL adopters report as zero, so they showed near-zero coverage for most credit unions. Methodology updated 2026-09-28: institutions that report no allowance are excluded. These are mostly U.S. branches of foreign banks, which hold loss reserves at the parent bank rather than in the branch. Banks holding large volumes of government-guaranteed mortgages (such as loans repurchased from Ginnie Mae pools) can rank low here because guaranteed loans need little allowance.

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