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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 $2.6MQ2 2025Q2 2026
Deposit mix
75%Interest-bearing $38.8M25%Noninterest $12.7MQ2 2025Q2 2026

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%

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.

Financial Results

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

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.19%1.30%1.01%1.13%1.37%+19 bps
Return on Equity8.14%8.95%6.93%7.69%9.36%+122 bps
Net Interest Margin3.64%3.61%3.64%4.12%4.21%+57 bps
Efficiency Ratio61.68%59.58%61.02%54.84%56.59%-509 bps
Non-Interest Burden2.21%2.11%2.19%2.20%2.34%+13 bps
Growth
Asset Growth (YoY)1.86%7.50%6.69%9.33%8.85%+699 bps
Loan Growth (YoY)25.13%22.74%30.15%22.07%18.07%-706 bps
Deposit Growth (YoY)0.35%7.12%6.06%9.23%8.77%+842 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.57%0.16%0.17%0.16%+16 bps
Net Charge-Offs / Loans0.00%0.00%0.16%0.00%0.00%0 bps
Allowance / Loans1.39%1.30%1.23%1.24%1.21%-18 bps
Allowance Coverage of NPLsn/a2.3x7.6x7.1x7.6xn/a
Capital
Tier 1 Leverage Ratio15.22%14.96%14.50%14.94%15.27%+5 bps
Total Risk-Based Capital15.22%14.96%14.50%14.94%15.27%+5 bps
Equity / Assets14.79%14.41%14.58%14.72%14.74%-5 bps
Liquidity & Funding
Loans / Deposits62.81%63.21%69.30%68.72%68.17%+537 bps
Liquid Assets / Assets13.78%19.07%18.91%18.13%16.44%+266 bps
CRE / Total Capitaln/a155.21%160.78%160.89%n/an/a