← The catalogue
Q2 2026 · read from the 30 June 2026 Call Report · United States · Plains · Minnesota, the state note

Versabank USA National Association

Holdingford, Minnesota · $912M in assets · beside the 11 other Minnesota banks between $300M and $1B

The filing

20.6%
Equity / assets
1st of 12
0.0%
CRE / loans
1st of 12
+387.3%
Loans, year over year
1st of 12, largest first

Versabank USA National Association is the fourth largest of the 12 Minnesota banks nearest its size between $300M and $1B, with $912M in assets at 30 June 2026. Loans are 85.4% of deposits, 6th of 12 against a median of 89.5%, and equity is 20.6% of assets, the highest in the cohort. Loans grew +387.3% in the year, the fastest in the cohort, and deposits grew 564.7%; the cohort's median loan growth is +4.9%.

Noncurrent loans are 0.10% of the book, 3rd of 12 against a median of 0.24%; 0.55% is 30 to 89 days past due, and the allowance covers them 0.0 times. Commercial real estate is 0.0% of loans, the lowest in the cohort against a median of 28.7%, and 0% of capital, below the 300% screen, with construction at 0% against the 100% screen.

Return on assets is 1.20%, 10th of 12 against a median of 1.47%, on an efficiency ratio of 42.0%, 3rd of 12. Five years ago it was 2.54%. The question is whether the new lending seasons as cleanly as the book it joined, and what funded it.

Commercial real estate, share of loansMN banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median 28.7% VU Versabank USA National Association 0.0% VS Vermillion State Bank 5.6% FN First National Bank North 14.9% UP United Prairie Bank 18.9% PB Platinum Bank 23.5% PB Pioneer Bank 27.9% FN Falcon National Bank 29.4% MB Midwest Bank 29.9% HB Highland Bank 34.5% NB Northeast Bank 39.6% sC 21st Century Bank 41.5% AB Alliance Bank 45.5%
Loans, year over yearMN banks $300M to $1B · 30 June 2026 · no better direction, largest first
median +4.9% VU Versabank USA National Association +387.3% MB Midwest Bank +19.7% FN First National Bank North +10.4% sC 21st Century Bank +9.5% PB Platinum Bank +6.5% AB Alliance Bank +6.1% PB Pioneer Bank +3.7% VS Vermillion State Bank +3.6% UP United Prairie Bank +2.3% HB Highland Bank +0.8% NB Northeast Bank +0.4% FN Falcon National Bank -2.9%

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 4 CBLR filers; owner-occupied excluded; bold marks a screen met
Versabank USA National AssociationRankCohort median
Total CRE against capital, the 300% screen0%1st of 12235%
Construction against capital, the 100% screen0%1st of 1239%
Construction and land development, share of loans0.0%1st of 124.4%
Non-owner-occupied nonfarm nonresidential, share of loans0.0%1st of 1211.2%
Total CRE, the guidance definition, share of loans0.0%1st of 1228.7%
CRE growth over 36 months, the third prong-100.0%1st of 12+22.5%
Commercial real estate against capital, the 300% screenMN banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median 235% VU Versabank USA National Association 0% VS Vermillion State Bank 19% FN First National Bank North 88% UP United Prairie Bank 163% PB Pioneer Bank 189% PB Platinum Bank 224% FN Falcon National Bank 246% HB Highland Bank 260% NB Northeast Bank 263% sC 21st Century Bank 273% MB Midwest Bank 285% AB Alliance Bank 327%
CRE growth over 36 months, the guidance's third prongMN banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median +22.5% VU Versabank USA National Association -100.0% HB Highland Bank -1.6% FN First National Bank North -0.6% FN Falcon National Bank +14.5% AB Alliance Bank +14.6% VS Vermillion State Bank +22.2% UP United Prairie Bank +22.8% sC 21st Century Bank +24.0% NB Northeast Bank +26.1% PB Pioneer Bank +53.3% PB Platinum Bank +87.8% MB Midwest Bank +98.5%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Midwest Bank$985M2.5%40.1%0.05%0.00%0.9%112.9%9.5%
United Prairie Bank$939M1.4%58.2%0.66%0.09%0.9%100.7%10.2%
Vermillion State Bank$931M2.6%23.2%0.24%-0.12%1.6%52.5%13.1%
Versabank USA National Association$912M1.2%42.0%0.10%0.00%0.0%85.4%20.6%
21st Century Bank$895M1.3%49.8%0.19%0.10%0.9%102.1%9.2%
Pioneer Bank$884M1.6%57.0%0.58%0.03%1.0%85.1%10.2%
Falcon National Bank$872M1.2%61.6%1.04%0.61%1.8%97.0%10.6%
First National Bank North$864M2.6%48.7%0.23%0.02%1.5%85.4%11.9%
Northeast Bank$837M1.5%64.3%0.20%-0.09%0.9%78.4%8.4%
Highland Bank$776M0.0%75.2%2.51%0.79%2.5%82.3%7.4%
Alliance Bank$756M1.0%64.4%0.01%-0.01%1.7%93.6%10.2%
Platinum Bank$739M1.5%58.1%0.81%0.00%1.3%108.5%8.2%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Versabank USA National AssociationCohort median
20212026Change20212026Change
Loans$71M$577M+712%$458M$647M+41%
Deposits$82M$676M+725%$638M$759M+19%
NPA / loans0.34%0.10%-0.23 pts0.37%0.24%-0.13 pts
Efficiency19.4%42.0%+22.6 pts53.9%57.5%+3.6 pts
ROA2.54%1.20%-1.34 pts1.66%1.47%-0.19 pts

This read was prepared for Versabank USA National Association's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Versabank USA National Association is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort MN banks $300M to $1B
Institution www.versabankusa.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
← Back to the catalogue