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Versabank USA, National Association

Holdingford, MN · Cert 10160 · GBH Inc.

National charter · OCC · 2 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets operating in a single state (n=748 to 752). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

95

Q2 2024Q2 2026peer median (50)

Asset Quality

63

Q2 2024Q2 2026peer median (50)

Profitability

28

Q2 2024Q2 2026peer median (50)

Liquidity

69

Q2 2024Q2 2026peer median

Efficiency

95

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Versabank USA, National Association

Holdingford, MN · Cert 10160 · GBH Inc.

National charter · OCC · 2 branches

Q2 2026

$911.9MAssets
$577.4MLoans
$675.8MDeposits
$187.7MEquity
Loan mix
0%RE $0.0M100%C&I $472.3M0%Consumer $0.2MQ2 2025Q2 2026
Deposit mix
100%Interest-bearing $675.8M0%Noninterest $0.0MQ2 2025Q2 2026

NIM

4.68%Q2 ’244.76%Q2 ’255.52%Q2 ’26+22%-22%

Non-interest income vs. expense

1.08%Q2 ’243.12%Q2 ’251.18%Q2 ’26+205%-62%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.3% share · #23 of 125 inst. · $0.7B of $253.2B

0.5% Hennepin
0.0% Stearns

Executive Summary

  • Earnings: ROA of 1.23%, up 94 bps year over year; NIM at 2.81%.
  • Asset quality: problem loans at 0.10% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 22.46%, down 2,548 bps from a year ago.
  • Funding: loans stand at 85.44% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.23%+94 bps YoY

Net Interest Margin (YTD, annualized)

2.81%-78 bps YoY

Efficiency Ratio (YTD, annualized)

41.99%-4,514 bps YoY

Tier 1 Leverage Ratio

22.46%-2,548 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.30%0.78%1.02%1.16%1.23%+94 bps
Return on Equity0.56%1.41%2.49%4.84%5.42%+486 bps
Net Interest Margin3.59%3.40%2.11%2.87%2.81%-78 bps
Efficiency Ratio87.13%73.24%58.96%43.27%41.99%-4,514 bps
Non-Interest Burden3.13%2.49%1.25%1.24%1.18%-195 bps
Growth
Asset Growth (YoY)166.14%84.16%321%359%333%+16,682 bps
Loan Growth (YoY)86.53%201%768%429%387%+30,081 bps
Deposit Growth (YoY)88.65%61.44%712%927%565%+47,608 bps
Asset Quality
Nonperforming Loans / Loans0.10%0.04%0.03%0.02%0.10%0 bps
Net Charge-Offs / Loans0.28%0.18%0.07%0.02%0.00%-28 bps
Allowance / Loans0.31%0.17%0.06%0.04%0.00%-31 bps
Allowance Coverage of NPLs3.0x4.4x2.6x1.7x0.0x-3.0x
Capital
Tier 1 Leverage Ratio47.93%67.21%33.72%24.51%22.46%-2,548 bps
Total Risk-Based Capital81.38%103.42%43.93%35.94%30.43%-5,095 bps
Equity / Assets47.02%60.69%24.43%23.62%20.58%-2,645 bps
Liquidity & Funding
Loans / Deposits116.54%159.09%72.96%84.82%85.44%-3,110 bps
Liquid Assets / Assets0.80%13.98%36.64%28.16%17.38%+1,658 bps
CRE / Total Capitaln/a0.00%0.00%0.00%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-10

Versabank USA, National Association

Holdingford, MN · Cert 10160 · Peer group: banks under $1B in assets operating in a single state (n=748-752) · GBH Inc.

National charter · OCC · 2 branches

Q2 2026

$911.9MAssets
$577.4MLoans
$675.8MDeposits
$187.7MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 95% of banks under $1B in assets operating in a single state (rank 41 of 752).
  • Widest gap: net interest margin trails 88% of banks under $1B in assets operating in a single state (rank 663 of 752).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.10%

Rank 361 of 752

Net Interest Margin

2.81%

Rank 663 of 752

Efficiency Ratio

41.99%

Rank 41 of 752

Equity / Assets

20.58%

Rank 36 of 752

Non-interest income vs. expense

$0.0M$9.9MINCOMEEXPENSE
Unfavorable gap of $9.8M · efficiency ratio beats 95% of banks under $1B in assets operating in a single state
Bank 41.99%Peer median 64.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.10%0.72%1.07%1.45%Beats 52%361 / 752
Return on Equity5.35%6.78%10.58%13.65%Beats 19%610 / 752
Net Interest Margin2.81%3.18%3.69%4.17%Beats 12%663 / 752
Efficiency Ratio41.99%55.75%64.49%75.47%Beats 95%41 / 752
Asset Quality
Nonperforming Loans / Loans0.10%0.09%0.42%1.03%Beats 74%196 / 748
Net Charge-Offs / Loans0.01%0.00%0.01%0.05%Beats 51%370 / 748
Capital
Tier 1 Capital Ratio30.43%11.55%13.75%17.60%Beats 95%41 / 752
Total Risk-Based Capital Ratio30.43%11.70%14.33%18.47%Beats 94%47 / 752
Equity / Assets20.58%8.93%10.56%13.13%Beats 95%36 / 752
Liquidity & Funding
Loans / Deposits85.44%62.23%78.64%91.26%64th pctl269 / 752
Loans / Assets63.32%54.61%67.41%76.47%41st pctl446 / 752
Brokered Deposits / Depositsn/aNot reported for this institution