PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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 1.62%, up 32 bps year over year; NIM at 4.32%.
  • 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 (quarter, annualized)

1.62%+32 bps YoY

Net Interest Margin (quarter, annualized)

4.32%+49 bps YoY

Efficiency Ratio (quarter, annualized)

58.27%-293 bps YoY

Tier 1 Leverage Ratio

15.27%+5 bps YoY

NIM

4.18%Q2 ’245.14%Q2 ’255.63%Q2 ’26+27%+13%

Non-interest income vs. expense

2.14%Q2 ’242.40%Q2 ’252.56%Q2 ’26+13%+7%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.80%0.28%1.08%1.30%1.53%0.16%1.13%1.62%+32 bps
Return on Equity5.82%2.01%7.45%8.81%10.50%1.12%7.69%11.02%+221 bps
Net Interest Margin3.15%3.30%3.45%3.84%3.86%4.10%4.12%4.32%+49 bps
Efficiency Ratio66.67%88.63%62.22%61.19%55.77%64.68%54.84%58.27%-293 bps
Non-Interest Burden2.07%2.92%2.10%2.32%2.11%2.62%2.20%2.49%+17 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-0.06%0.00%0.00%0.00%0.00%0.64%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