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Vergas State Bank

Vergas, MN · Cert 9747 · Vergas Bcorp Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in MN3

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 in MN (n=111 to 113). 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

69

Q2 2024Q2 2026peer median (50)

Asset Quality

85

Q2 2024Q2 2026peer median (50)

Profitability

53

Q2 2024Q2 2026peer median (50)

Liquidity

69

Q2 2024Q2 2026peer median

Efficiency

65

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 2026-10-11

Vergas State Bank

Vergas, MN · Cert 9747 · Vergas Bcorp Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$60.7MAssets
$35.1MLoans
$51.5MDeposits
$8.9MEquity
Loan mix
76%RE $24.9M15%C&I $5.0M8%Consumer $2.6MQ3 2024Q2 2026
Deposit mix
75%Interest-bearing $38.8M25%Noninterest $12.7MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.37%, up 19 bps year over year; NIM at 4.21%.
  • Asset quality: problem loans at 0.16% of loans (+16 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 15.27%, up 5 bps from a year ago.
  • Funding: loans stand at 68.17% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.37%+19 bps YoY

Net Interest Margin (YTD, annualized)

4.21%+57 bps YoY

Efficiency Ratio (YTD, annualized)

56.59%-509 bps YoY

Tier 1 Leverage Ratio

15.27%+5 bps YoY

NIM

4.02%Q2 ’244.95%Q2 ’255.52%Q2 ’26+23%+16%

Non-interest income vs. expense

2.16%Q2 ’242.31%Q2 ’252.44%Q2 ’26+7%+6%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.71%0.60%1.08%1.19%1.30%1.01%1.13%1.37%+19 bps
Return on Equity5.11%4.33%7.45%8.14%8.95%6.93%7.69%9.36%+122 bps
Net Interest Margin3.04%3.05%3.45%3.64%3.61%3.64%4.12%4.21%+57 bps
Efficiency Ratio69.38%74.56%62.22%61.68%59.58%61.02%54.84%56.59%-509 bps
Non-Interest Burden2.08%2.25%2.10%2.21%2.11%2.19%2.20%2.34%+13 bps
Growth
Asset Growth (YoY)3.76%1.47%-1.08%1.86%7.50%6.69%9.33%8.85%+699 bps
Loan Growth (YoY)34.89%33.11%31.74%25.13%22.74%30.15%22.07%18.07%-706 bps
Deposit Growth (YoY)3.26%1.12%-1.90%0.35%7.12%6.06%9.23%8.77%+842 bps
Asset Quality
Nonperforming Loans / Loans0.69%0.00%0.00%0.00%0.57%0.16%0.17%0.16%+16 bps
Net Charge-Offs / Loans-0.02%-0.02%0.00%0.00%0.00%0.16%0.00%0.00%0 bps
Allowance / Loans1.60%1.56%1.47%1.39%1.30%1.23%1.24%1.21%-18 bps
Allowance Coverage of NPLs2.3xn/an/an/a2.3x7.6x7.1x7.6xn/a
Capital
Tier 1 Leverage Ratio14.53%14.26%14.91%15.22%14.96%14.50%14.94%15.27%+5 bps
Total Risk-Based Capital14.53%14.26%14.91%15.22%14.96%14.50%14.94%15.27%+5 bps
Equity / Assets14.07%14.12%14.81%14.79%14.41%14.58%14.72%14.74%-5 bps
Liquidity & Funding
Loans / Deposits55.16%56.47%61.49%62.81%63.21%69.30%68.72%68.17%+537 bps
Liquid Assets / Assets16.72%16.16%14.22%13.78%19.07%18.91%18.13%16.44%+266 bps
CRE / Total Capitaln/an/an/an/a155.21%160.78%160.89%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 2026-10-11

Vergas State Bank

Vergas, MN · Cert 9747 · Peer group: banks under $1B in assets in MN (n=111-113) · Vergas Bcorp Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$60.7MAssets
$35.1MLoans
$51.5MDeposits
$8.9MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in MN (rank 36 of 111).
  • Widest gap: return on equity trails 73% of banks under $1B in assets in MN (rank 83 of 113).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.35%

Rank 39 of 113

Net Interest Margin

4.21%

Rank 36 of 113

Efficiency Ratio

56.59%

Rank 41 of 113

Equity / Assets

14.74%

Rank 15 of 113

Non-interest income vs. expense

$0.1M$1.4MINCOMEEXPENSE
Unfavorable gap of $1.4M · efficiency ratio beats 65% of banks under $1B in assets in MN
Bank 56.59%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.35%0.87%1.20%1.41%Beats 65%39 / 113
Return on Equity9.15%8.92%11.27%13.99%Beats 27%83 / 113
Net Interest Margin4.21%3.42%3.88%4.31%Beats 68%36 / 113
Efficiency Ratio56.59%54.13%61.48%69.86%Beats 65%41 / 113
Asset Quality
Nonperforming Loans / Loans0.16%0.09%0.58%1.82%Beats 69%35 / 111
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 100%36 / 111
Capital
Tier 1 Capital Ratio15.27%11.53%13.31%18.13%Beats 62%43 / 113
Total Risk-Based Capital Ratio15.27%12.12%14.43%19.39%Beats 57%49 / 113
Equity / Assets14.74%8.52%10.10%11.94%Beats 87%15 / 113
Liquidity & Funding
Loans / Deposits68.17%62.08%77.32%88.06%32nd pctl76 / 111
Loans / Assets57.86%55.01%66.35%75.50%31st pctl78 / 113
Brokered Deposits / Depositsn/aNot reported for this institution