# HIGHMARK
RAPID CITY, SD · NCUA charter 4122 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/highmark-4122

Who the members are: federal charter, community charter, organized 1940, low-income designated. 13,724 members of 269,472 potential (5.1% of the field); checking penetration 74% (share draft accounts per 100 members); loans per 100 members 50.

**Verdict on the desk:** this could be *ordinary*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $260.1M |
| Members | 13,724 (1.5% YoY) |
| Full-time staff | 58 |
| Net worth | $19.5M |
| Net worth ratio | 7.5% (p2 of band) |
| ROA (annualized) | 0.33% (p23 of band) |
| Total delinquency | 0.96% (p77 of band) |
| Net charge-offs (annualized) | 0.64% (p73 of band) |
| Loans / shares | 81% (p68 of band) |
| Cash / assets | 17.8% |
| Borrowings / assets | 1.15% |
| Net interest margin | 3.66% (p58 of band) |
| Operating expense / assets | 4.32% (p76 of band) |
| Vehicles % of loans | 20% (p21 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 44% |
| Third-party paper % of net worth | 124% (p64 of band) |
| Vehicle delinquency | 2.12% (p94 of band) |
| Vehicle NCO | 3.56% (p98 of band) |
| Repossessed % of vehicle book | 1.06% (p99 of band) |
| Real estate % of loans | 41% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 2% |
| Commercial % of net worth | 252% |
| Core shares % of member funds | 56% |
| Certificates % of member funds | 33% |
| Average share balance | $8,677 |
| Participations bought / yr | $1.1M |
| Participations sold / yr | $0 |
| Participations outstanding | $9.6M |
| Loans outstanding per 100 members | 50% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $28,009 |
| Loans granted, annualized | $95.0M |

## Participation posture (from the same filings)

Bought $1.1M and sold $0 in the latest annualized quarter; $9.6M outstanding purchased (49.2% of net worth), $3.0M sold and retained. Sold in 0 and bought in 5 of the last 8 quarters. Shares 2.2% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **repo signal** (`aq_repo`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | thin capital, loans>95% of shares, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 3 | expense trap | loans>95% of shares, leaning on borrowings |
| 2016-09 | 4 | loans>95% of shares |  |
| 2016-12 | 3 |  | loans>95% of shares |
| 2017-03 | 3 |  |  |
| 2017-06 | 4 | loans>95% of shares, leaning on borrowings | expense trap |
| 2017-09 | 4 |  |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 7 | net worth falling, delinquency 2x band, delinquency rising |  |
| 2018-06 | 6 |  | delinquency 2x band |
| 2018-09 | 4 |  | loans>95% of shares, net worth falling |
| 2018-12 | 4 | delinquency 2x band, loans>95% of shares | leaning on borrowings, delinquency rising |
| 2019-03 | 3 |  | delinquency 2x band |
| 2019-06 | 3 |  |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 4 | members leaving |  |
| 2020-03 | 2 |  | loans>95% of shares, members leaving |
| 2020-06 | 3 | net worth falling |  |
| 2020-09 | 3 | loans>95% of shares | net worth falling |
| 2020-12 | 2 |  | loans>95% of shares |
| 2021-03 | 4 | expense trap, margin squeeze |  |
| 2021-06 | 2 |  | expense trap, margin squeeze |
| 2021-09 | 2 | delinquency rising | thin capital |
| 2021-12 | 2 | thin capital | delinquency rising |
| 2022-03 | 5 | net worth falling, expense trap, loans>95% of shares |  |
| 2022-06 | 6 | delinquency rising, leaning on borrowings | expense trap |
| 2022-09 | 7 | delinquency 2x band |  |
| 2022-12 | 7 |  |  |
| 2023-03 | 7 |  |  |
| 2023-06 | 6 |  | leaning on borrowings |
| 2023-09 | 7 | losing money |  |
| 2023-12 | 8 | charge-offs p90, repo signal | delinquency rising |
| 2024-03 | 8 | capital below 7% | loans>95% of shares, delinquency 2x band |
| 2024-06 | 7 | assets shrinking, loans>95% of shares | net worth falling, capital below 7% |
| 2024-09 | 6 |  | loans>95% of shares |
| 2024-12 | 5 |  | assets shrinking |
| 2025-03 | 3 |  | losing money, charge-offs p90 |
| 2025-06 | 5 | delinquency 2x band, delinquency rising |  |
| 2025-09 | 3 |  | delinquency 2x band, delinquency rising |
| 2025-12 | 3 |  |  |
| 2026-03 | 3 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-09-25 [People Helping People: Local credit union builds bikes for kids while fostering community - KOTA Territory News](https://news.google.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?oc=5) · KOTA Territory News
- 2026-04-26 [Christopher "Chris" J. Wackel Obituary Jun 18, 2014 - Osheim & Schmidt Funeral Home](https://news.google.com/rss/articles/CBMibkFVX3lxTE1FZ3JjNW8yV0tvVU1NSDlYamZhUHlZelQtWXFsd1RPY2Mtc25uU1JHUmk5aXhULU9LNmZqVGF5YUQ3MGNmM2hYQml5S0xVNGlybFdDUjdJVEh6dGgtQWJ6dXpFaHBwZWNPbTBBWlJR?oc=5) · Osheim & Schmidt Funeral Home
- 2023-05-18 [Highmark FCU receives growth & progress award - CUInsight](https://news.google.com/rss/articles/CBMijAFBVV95cUxOWG5FeGVVNE1nZzVib0FDdzRWV05MZFo4cWtxTWdxWGJ3b2xsX0I0elRQM0FfV01SZi1MN0xDdGhaaUMzUmJJaFRHd2RwQjBFTVdFS1BzZFVSRE0xM0RhckdwVk1zS01JM0FhU3NWNUZoa2c0U0k2YXJoWWlMVnZCNDlpWjhTM05zTVpJVA?oc=5) · CUInsight
- 2026-03-23 [What to Know for Miguel: CAOS Tour Setlist - Ticketmaster Blog](https://news.google.com/rss/articles/CBMiWEFVX3lxTE9ObERnNGtDZlVRNnRIcmNoeW11RHVnTEpGOWowcjBjbHliVGZWRmk0cG5kdExmS0lsQ20taEFfQzVYcEJ0bExiZlRwMzZoN0U5TGpqQ2M4STM?oc=5) · Ticketmaster Blog
- 2025-12-10 [Khalid Announces Huge North American ‘It’s Always Summer Somewhere’ Tour - That Eric Alper](https://news.google.com/rss/articles/CBMisAFBVV95cUxObWFuUlZRVFBXN3ZtaWtrcDFLRTY1VzZOTzI3WkNHajRHNU9GOWFteXpZSEh3ZERLT09UTEgyQTd0bndON3hudV9uQVYzemZjWlZ3TVdsdllYZzJVejByaTBoQXZwcnhoSmc5NDBtTFJYbjdJd21pcHljLUFQZ3drbDk5Qm9uLThhcHJ3YWxSbXdWZmhLRmd4S0xmQ3NQWE9SR3d4SGdiaU81V2xnMGc3Sg?oc=5) · That Eric Alper
- 2026-02-17 [Sarah McLachlan Expands ‘Better Broken Tour’ with Summer U.S. Dates - TicketNews](https://news.google.com/rss/articles/CBMiogFBVV95cUxPdWpJc1JZS2MyYVRhWDlOUWhXbXIzQ1E1eFpHeXBKRWdlRElXdm00NjMxQ1BnczRWOC1YN1p5WGx0eE1hVUNvcjRsMVJDMW9GRW5EOUw4SHZDUnhMc1dvYVBSOENjNmVrU0szM25FSGtvYjFlekhsdG9LYWIzLW9nZlpBNVdFZFhBVXRrNnJmSnhTVmkyd2dyLTRBUVRFVElUY3c?oc=5) · TicketNews
- 2026-03-11 [Empire of the Sun Launch 31-Date "Ask That God Tour: Afterlife" Starting at Red Rocks This August - That Eric Alper](https://news.google.com/rss/articles/CBMi0gFBVV95cUxNYm1FTWpfMjFQdVhnZk9WRHNnTEFQRXBqODdqY0lSSVVHeXJ6UG9nMC04U0tZRHo1WGNjWlo5amU4RkhqUTBTRXBBbHRzeGpiU2pZU085SmZsNmdvMU9ENmJDdUtwVS12NEYza3RPaFBubE85UGo3cDAxczJSb3hPbG1iVlZZeFBmWDdzTkN1VDFkdGI2WU5qRHZIbkFJdVRoeHI2VHVnam9wb1B1bW90c0ktUUhwck9CTXF1WmpueVZEcmVXRFFUWE96RW1Cd1ZaS0E?oc=5) · That Eric Alper
- 2023-02-13 [Kathleen Herbert Obituary Feb 13, 2023 - Harpeth Hills Memory Gardens, Funeral Home & Cremation](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE9sSGpzcmxDc3lEUklHenUwZGVPOEZSdDM2V0d0QW4ycWtucnBhT0tuMmFndnlrZTZoR1ROZXlfSkltS2t1UWpiMDl4ZGlsSXAta09XQUNzMkVZX29jRDdPQmczX1VhMTg?oc=5) · Harpeth Hills Memory Gardens, Funeral Home & Cremation

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=4122 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/26.json (key "4122", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=4122
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide