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VersaBank USA National Association

$100M-$1B Specialty: Commercial MN FDIC cert 10160

Holdingford, MN

2 branches across MN

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 2,643 banks in the $100M-$1B peer group nationwide — 1 of 151 in MN.
  • Deposits +564.7% year over year ($675.8M on the books).
  • Delinquency rate 0.10%.
  • Return on assets 1.23%.
  • Efficiency ratio 41.99% vs a 64.48% peer average.
  • Loan-to-deposit ratio 85.44% vs a 77.95% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

2643 banks in the $100M-$1B peer group nationally 151 in MN
View $100M-$1B leaderboard (MN) →

VersaBank USA National Association has 2 strengths but faces 5 concerns

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + Efficiency Ratio 22.49% below tier average
  • + Delinquency Rate 0.82% below tier average

Key Concerns

Areas that may need attention

  • - NIB Deposit Bleed: Bottom 0.1% in tier
  • - Liquidity Overhang: Bottom 6.2% in tier
  • - Net Interest Margin 1.03% below tier average
  • - Non-Interest Income / Assets 0.57% below tier average
  • - ROA 0.09% below tier average
Get updates when VersaBank USA National Association releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Total Assets ? $911.9M
+333.0% YoY +16.5% QoQ
+$525.4M $386.6M
+1.2% YoY
$524.5M
+5.8% YoY
$6.3B
+7.7% YoY
Top 3.3% in tier
Total Loans ? $577.4M
+388.8% YoY +22.2% QoQ
+$319.1M $258.3M
+1.7% YoY
$300.2M
+7.3% YoY
$3.2B
+9.4% YoY
Top 7.0% in tier
Total Deposits ? $675.8M
+564.7% YoY +21.2% QoQ
+$349.1M $326.7M
+0.7% YoY
$452.1M
+5.5% YoY
$4.9B
+7.3% YoY
Top 8.2% in tier
Return on Assets ? 1.23%
+316.0% YoY +6.0% QoQ
-0.09% 1.32%
+10.8% YoY
1.26%
+17.2% YoY
1.30%
+12.1% YoY
49%
Net Interest Margin ? 2.96%
-33.0% YoY +1.8% QoQ
-1.03% 3.99%
+5.0% YoY
4.00%
+6.8% YoY
3.95%
+4.9% YoY
Bottom 8.6% in tier
Efficiency Ratio ? 41.99%
-51.8% YoY -2.9% QoQ
-22.49% 64.48%
-3.2% YoY
63.00%
-3.5% YoY
70.05%
+2.5% YoY
Top 5.6% in tier
Delinquency Rate ? 0.10%
-0.9% YoY +351.6% QoQ
-0.82% 0.92%
+15.7% YoY
1.01%
+19.3% YoY
0.98%
+16.3% YoY
74%
Loan-to-Deposit Ratio ? 85.44%
-26.5% YoY +0.8% QoQ
+7.49% 77.95%
+1.0% YoY
78.29%
-0.6% YoY
79.03%
+2.3% YoY
37%
Non-Interest-Bearing Deposit Share ? 0.00%
-100.0% YoY -100.0% QoQ
-22.03% 22.03%
-0.6% YoY
21.79%
+0.9% YoY
21.98%
-0.6% YoY
Bottom 0.5% in tier
Nonperforming Asset Ratio ? 0.07%
+11.9% YoY +373.7% QoQ
-0.60% 0.67%
+16.4% YoY
0.76%
+16.9% YoY
0.69%
+15.8% YoY
76%
Tier 1 Capital Ratio ? 30.43%
-62.5% YoY -15.2% QoQ
+14.52% 15.91%
+1.4% YoY
15.35%
-0.4% YoY
17.09%
+0.8% YoY
Top 3.9% in tier
Non-Interest Income / Assets ? 0.00%
+104.2% YoY -82.8% QoQ
-0.57% 0.57%
+7.6% YoY
0.31%
+3.9% YoY
0.66%
+5.2% YoY
Bottom 0.5% in tier

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Noninterest-Bearing n/a n/a 22.1% 21.9% 22.2% n/a
Brokered Deposits 100.0%
+10.2pp QoQ
 +92.1pp 7.9% 8.3% 8.5% 100%

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
C&I 100.0%
+0.2pp YoY
+0.1pp QoQ
 +88.4pp 11.6% 14.6% 12.5% 100%
CRE n/a n/a 39.5% 36.5% 41.4% n/a
1-4 Family n/a n/a 32.6% 29.4% 31.3% n/a
Consumer n/a n/a 4.1% 4.5% 5.0% n/a

Capital

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
CET1 Ratio 30.4%
-50.7pp YoY
-5.5pp QoQ
 +11.6pp 18.8% 16.5% 19.7% 94%
Leverage Ratio 22.5%
-25.5pp YoY
-2.1pp QoQ
 +10.3pp 12.2% 11.0% 12.6% 97%
Total Capital Ratio 30.4%
-51.0pp YoY
-5.5pp QoQ
 +10.5pp 19.9% 17.6% 20.8% 93%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Full-Time Employees 19
+4 (+26.7%) YoY
+1 (+5.6%) QoQ
 -40 58 55 482 9%
Assets per Employee ($) $48.0M
+241.8% YoY
+10.4% QoQ
 +$40.5M $7.5M $8.6M $8.8M 100%
Branch Count 2
+1 (+100.0%) YoY
+1 (+100.0%) QoQ
 -3 4 4 18 11%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Past Due 90+ Days 0.1%
+0.1pp YoY
 -0.2pp 0.3% 0.4% 0.4% 51%
Nonaccrual n/a n/a 0.9% 1.0% 1.0% n/a
Allowance Coverage 0.01x
-99.8% YoY
-99.6% QoQ
 -24.15x 24.15x 20.41x 20.23x 0%
Net Charge-off Rate (YTD) 0.0%
-0.4pp YoY
0.0pp QoQ
 -0.1pp 0.1% 0.2% 0.2% 39%

Profitability

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
ROE 5.4%
+4.9pp YoY
+0.6pp QoQ
 -6.8pp 12.2% 13.1% 11.6% 15%
Cost of Funds (YTD) 2.9%
+1.4pp YoY
+0.1pp QoQ
 +1.1pp 1.7% 1.7% 1.7% 96%
Net Income ($, YTD) $5.0M
+1717.4% YoY
— QoQ
 +$2.5M $2.6M $4.5M $40.4M 87%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (0)

No matched strength signatures this quarter

Concerns (2)

NIB Deposit Bleed

decline
#1 of 162 • Bottom 0.1% in tier

Non-interest-bearing deposit share dropped 2+ pp YoY and now below the tier median. Cheap funding leaving for higher-yield competitors.

Why this signature
Noninterest-Bearing Deposit Share: 0.00%
(Tier: 22.03%, National: 21.98%)
worse than tier avg
162 of 162 Community banks match · 211 nationally
↓ Shrinking -26 banks QoQ

Liquidity Overhang

risk
#47 of 742 • Bottom 6.2% in tier

Exceptional capital position (Tier 1 >= 16%, top quartile). Strong fundamentals - opportunity to deploy capital more productively.

Why this signature
Tier 1 Capital Ratio: 30.43%
(Tier: 15.91%, National: 17.09%)
better than tier avg
Loan-to-Deposit Ratio: 85.44%
(Tier: 77.95%, National: 79.03%)
worse than tier avg
742 of 742 Community banks match · 940 nationally
→ Stable +7 banks QoQ | QoQ rank declining

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 2643 peers in $100M-$1B

Top Strengths (6 metrics)

88
Total Assets
size
Value: $911.92M
Peer Median: $386.57M
#88 of 2643 Top 3.3% in $100M-$1B
104
Tier 1 Capital Ratio
capital
Value: 30.43%
Peer Median: 15.91%
#104 of 2643 Top 3.9% in $100M-$1B
149
Efficiency Ratio
profitability
Value: 41.99%
Peer Median: 64.48%
#149 of 2643 Top 5.6% in $100M-$1B
186
Total Loans
size
Value: $577.41M
Peer Median: $258.35M
#186 of 2643 Top 7.0% in $100M-$1B
219
Total Deposits
size
Value: $675.83M
Peer Median: $326.73M
#219 of 2643 Top 8.2% in $100M-$1B
627
Nonperforming Asset Ratio
credit_quality
Value: 0.07%
Peer Median: 0.67%
#627 of 2643 Top 23.7% in $100M-$1B

Top Weaknesses (3 metrics)

2631
Non-Interest Income / Assets
revenue_mix
Value: 0.00%
Peer Median: 0.57%
#2631 of 2643 Bottom 0.5% in $100M-$1B
2630
Non-Interest-Bearing Deposit Share
funding
Value: 0.00%
Peer Median: 22.03%
#2630 of 2643 Bottom 0.5% in $100M-$1B
2416
Net Interest Margin
profitability
Value: 2.96%
Peer Median: 3.99%
#2416 of 2643 Bottom 8.6% in $100M-$1B
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