Vergas State Bank
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Data as of · sourced from FFIEC call reports. How we update
Vergas State Bank is an FDIC-insured commercial bank headquartered in Vergas, MN, established in 1909 (FDIC certificate 9747), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $60.7M, up 8.8% from Q2 2025, the 197th largest of 221 banks headquartered in Minnesota. It reports no CET1 ratio; its Tier 1 leverage ratio was 15.27% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 9747
- Headquarters
- Vergas, MN
- Established
- 1909
- Total assets, Q2 2026
- $60.7M
- Assets vs Q2 2025
- +8.8%
- Tier 1 leverage ratio, Q2 2026
- 15.27%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 091208222
- Holding company
- VERGAS BANCORPORATION, INC.
- Asset rank in state
- 197th of 221 in Minnesota
Vergas State Bank leans heavily on commercial real estate. The Vergas, Minnesota bank had $61 million in assets at June 30, 2026, up 8.8% from a year earlier. It holds commercial real estate loans worth 1.3 times its capital, 4.8 times the median of 26% for the 583 banks with less than $100 million in assets. It also grew its loan book 18.1% over the year, 7.1 times the median of 2.6% for banks its size.
Earnings jumped: net income for the quarter was $243,000, 36% above the same quarter a year earlier. Over the same year, loans grew 18.1% and deposits grew 8.8%.
As of June 30, 2026, Vergas State Bank reported a return on assets of 1.65%, a nonperforming-loan ratio of 0.16% and a Texas ratio of 0.60%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, Vergas State Bank is the 197th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 2.7% to $60.7M, loans rose 2.0% and deposits rose 2.9%. Construction and land development loans made up 32.7% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 25.0%. Its one office in the FDIC Summary of Deposits is in Vergas, MN. On its Q2 2026 call report, Vergas State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 106 E Main St, Vergas, MN 56587
- County
- Otter Tail
- Metro Area
- Fergus Falls, MN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- September 1, 1909
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 7
- Domestic deposits
- $51.5M
- Allowance for credit losses
- $425K
- Net charge-offs (YTD)
- $0
- Average total assets
- $58.8M
- Average total loans
- $34.8M
- Average interest-bearing deposits
- $37.5M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9747
- Fed RSSD
- 804150
- Website
- www.vergasstatebank.com →
- Parent Holding Company
- VERGAS BANCORPORATION, INC. (RSSD 2206842)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Vergas State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Vergas State Bank's total assets ranged from $52.9M (Q3 2023) to $60.7M (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$60.7M total assets against $55.7M; $51.7M total liabilities against $47.5M.
$34.7M net loans and leases against $29.3M; $51.5M total deposits against $47.3M.
$11.7M securities against $14.8M; $13.5M cash and balances due against $10.9M.
$828K total interest income against $704K; $192K total interest expense against $179K.
$636K net interest income against $525K.
$11K total noninterest income against $11K; $377K total noninterest expense against $328K.
$0 provision for credit losses against $0.
$243K net income against $179K.
1.65% return on assets against 1.31%; 4.45% net interest margin against 3.95%.
15.27% tier 1 leverage ratio against 15.22%.
Inside the full Vergas State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeQuarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.16% (Q4 2025) to 1.65% (Q2 2026) and its net interest margin ran from 3.25% (Q3 2024) to 4.45% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.27% | 1.65% | 0.16% | 0.60% | 4.45% |
| Q1 2026 | 14.94% | 1.14% | 0.17% | 0.66% | 4.24% |
| Q4 2025 | 14.50% | 0.16% | 0.16% | 0.62% | 4.23% |
| Q3 2025 | 14.96% | 1.54% | 0.57% | 2.02% | 3.98% |
| Q2 2025 | 15.22% | 1.31% | 0.00% | 0.00% | 3.95% |
| Q1 2025 | 14.91% | 1.08% | 0.00% | 0.00% | 3.56% |
| Q4 2024 | 14.26% | 0.28% | 0.00% | 0.00% | 3.41% |
| Q3 2024 | 14.53% | 0.80% | 0.69% | 2.21% | 3.25% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Vergas State Bank (main office) | Vergas , MN | 56587 | $51.5M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 244 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $150K approved, $150K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2002 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Vergas State Bank
What are Vergas State Bank's total assets?
As of the Q2 2026 filing, Vergas State Bank reported total assets of $60.7 million in its FFIEC call report.
Where is Vergas State Bank headquartered?
It is headquartered in Vergas, MN, United States.
When was Vergas State Bank founded?
It was established in 1909, per the FDIC institution directory.
Is Vergas State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #9747). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Vergas State Bank?
Vergas State Bank's primary federal regulator is the FDIC.
How many branches does Vergas State Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Vergas State Bank's Texas Ratio?
Its Texas Ratio is 0.60% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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