Versabank USA, N.A.: Yields and Funding Costs
Data as of · Call Report Schedules RI and RC-K How we update
What the bank earns on its assets, what it pays for its funding, and the spread between them. Net interest margin is the output of the two: it is the engine of earnings for almost every commercial bank.
The standout move of Q2 2026 was in Total interest expense: 18.5% higher than in Q1 2026, at $6.1M. On net interest margin, Versabank USA, N.A. is 18th from the bottom among 221 Minnesota banks, 3.03% (Q2 2026). The median for banks in the $100M-1B asset tier is 3.95% on net interest margin. Versabank USA, N.A. sits 0.92 points lower, at 3.03% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.99% |
| Yield on loans | — |
| Yield on securities | — |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 4.05% |
| Cost of interest-bearing deposits | 3.86% |
| Cost of interest-bearing liabilities | 4.00% |
| Cost of borrowings | — |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.03% |
| Yield to cost spread | 1.99% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $9.2M |
| Total interest expense | $6.1M |
| Interest expense on deposits | $5.9M |
Yields and Funding Costs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Yields and Funding Costs by quarter
| Quarter | Yield on earning assets | Cost of funds | Net interest margin |
|---|---|---|---|
| Q3 2023 | 4.96% | 2.08% | 3.42% |
| Q4 2023 | 5.04% | 2.39% | 3.27% |
| Q1 2024 | 4.92% | 2.53% | 3.07% |
| Q2 2024 | 5.04% | 2.59% | 3.19% |
| Q3 2024 | 3.04% | -3.98% | 2.38% |
| Q4 2024 | 5.04% | 2.98% | 3.80% |
| Q1 2025 | 4.59% | 2.86% | 3.57% |
| Q2 2025 | 5.98% | 3.27% | 4.41% |
| Q3 2025 | 6.38% | 3.44% | 4.99% |
| Q4 2025 | 5.87% | 3.77% | 3.51% |
| Q1 2026 | 5.74% | 3.88% | 2.94% |
| Q2 2026 | 5.99% | 4.05% | 3.03% |
Versabank USA, N.A. yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock Versabank USA, N.A., freeSource: Call Report Schedules RI and RC-K, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full Versabank USA, N.A. profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 10160) · FFIEC NIC profile (RSSD 1011656)