Vergas State Bank
Vergas, MN
IDRSSD: 804150
Total Assets
$58.74M
Latest filing
Total Deposits
$49.92M
Latest filing
Net Interest Margin
4.26%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Vergas State Bank
106 E Main St
Vergas, MN 56587
Full Service - Brick and Mortar
Updated 01/30/2026Established 09/01/1909FDIC Certificate 6235
Branches (0)
Page 1 of 1| Name | Address | City / State | ||
|---|---|---|---|---|
| No branch data available. | ||||
| Vergas State Bank (Main) | 106 E Main St | Vergas, MN | ||
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 09/01/1909 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 56587 |
| State and County Number | 27111 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Fergus Falls, MN |
Operational Info
| Number of Employees | 8 |
| Domestic Offices | 1 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.vergasstatebank.com |
| Data Updated | 01/30/2026 |
| CERT | 9747 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $58.74M |
| Total Deposits | $49.92M |
| Total Liabilities | $50.08M |
| Total Equity Capital | $8.66M |
| Net Income | $121.00k |
| Net Loans and Leases | $34.17M |
| Assets Per Employee ($Millions) | $7.34M |
| Bank Premises and Fixed Assets | $231.00k |
| Cash and Balances due from Depository Institutions | $0 |
| Deposits Held in Domestic Offices | $49.92M |
Key Performance Ratios
| Return on Assets (ROA) | 0.82% |
| Return on Equity (ROE) | 5.64% |
| Net Interest Margin | 4.26% |
| Efficiency Ratio | 64.68% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.45% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 14.744% |
| Earning Assets to total Assets | 96.35% |
Income and Expense
| Total Interest Income | $807.00k |
| Total Noninterest Income | $14.00k |
| Total Interest Expense | $201.00k |
| Total Noninterest Expense | $401.00k |
| Net Interest Income | $606.00k |
| Pre-tax Net Operating Income | $153.00k |
| Provision for Credit Losses | $66.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $1.20M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $162.00k |
| Total Liabilities and Capital | $58.74M |
Securities
| Securities | $11.65M |
| Available-for-sale debt securities | $10.13M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $1.52M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Vergas State Bank?
$58.74M as of the latest filing.
How much are Vergas State Bank's total deposits?
$49.92M in total deposits.
Where is Vergas State Bank located?
Vergas, MN.
What is the Net Interest Margin?
4.26%.
How many domestic offices does it operate?
1.
When was it established?
09/01/1909.
What is the Return on Assets (ROA)?
0.82%.
How much are total loans and leases?
$34.17M (latest filing).
What is the total interest income (latest filing)?
$807.00k.