Headquartered in Vergas, Minnesota, Vergas State Bank is a state-chartered bank with $60.7M in total assets and $51.5M in deposits as of Q2 2026. It operates 1 office. Its charter dates back to 1909.
Vergas State Bank has a TellerScore of 93 out of 100 (very strong) based on Q2 2026 data — higher than 94% of its 546 banks with under $100 million in assets. Among 223 banks headquartered in Minnesota, it ranks 8th. Capital cushion contributes the most (100/100, 15.27%); earnings contributes the least (75/100, 1.37%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
The score has been essentially flat from Q2 2025 to Q2 2026 (93 → 93).
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 86 |
| Q3 2024 | 82 |
| Q4 2024 | 87 |
| Q1 2025 | 92 |
| Q2 2025 | 93 |
| Q3 2025 | 89 |
| Q4 2025 | 88 |
| Q1 2026 | 90 |
| Q2 2026 | 93 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 14.14% |
| Q3 2024 | 14.53% |
| Q4 2024 | 14.26% |
| Q1 2025 | 14.91% |
| Q2 2025 | 15.22% |
| Q3 2025 | 14.96% |
| Q4 2025 | 14.50% |
| Q1 2026 | 14.94% |
| Q2 2026 | 15.27% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.11% |
| Q3 2024 | 0.69% |
| Q4 2024 | 0.00% |
| Q1 2025 | 0.00% |
| Q2 2025 | 0.00% |
| Q3 2025 | 0.57% |
| Q4 2025 | 0.16% |
| Q1 2026 | 0.17% |
| Q2 2026 | 0.16% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.67% |
| Q3 2024 | 0.71% |
| Q4 2024 | 0.60% |
| Q1 2025 | 1.08% |
| Q2 2025 | 1.19% |
| Q3 2025 | 1.30% |
| Q4 2025 | 1.01% |
| Q1 2026 | 1.13% |
| Q2 2026 | 1.37% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 93 | $60.7M | 15.27% | 0.16% | 1.37% | 67.3% |
| Q1 2026 | 90 | $59.1M | 14.94% | 0.17% | 1.13% | 67.9% |
| Q4 2025 | 88 | $58.7M | 14.50% | 0.16% | 1.01% | 68.4% |
| Q3 2025 | 89 | $59.1M | 14.96% | 0.57% | 1.30% | 62.4% |
| Q2 2025 | 93 | $55.7M | 15.22% | 0.00% | 1.19% | 61.9% |
| Q1 2025 | 92 | $54.0M | 14.91% | 0.00% | 1.08% | 60.6% |
| Q4 2024 | 87 | $55.0M | 14.26% | 0.00% | 0.60% | 55.6% |
| Q3 2024 | 82 | $54.9M | 14.53% | 0.69% | 0.71% | 54.3% |
| Q2 2024 | 86 | $54.7M | 14.14% | 0.11% | 0.67% | 49.5% |
546 peers · Under $100 million in assets
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Farmers and Merchants State Bank of AppletonBank Appleton, MN | 70 out of 100, Strong | $62.0M | 13.0% | 1.89% | vs |
| First Financial Bank in WinnebagoBank Winnebago, MN | 82 out of 100, Strong | $58.1M | 13.8% | 0.66% | vs |
| United Minnesota BankBank New London, MN | 66 out of 100, Moderate | $56.9M | 7.8% | 0.54% | vs |
| Grand Timber BankBank Mcgregor, MN | 48 out of 100, Below average | $64.5M | 10.7% | 2.81% | vs |
| Arlington State BankBank Arlington, MN | 50 out of 100, Below average | $56.7M | 10.1% | 2.12% | vs |
| Grove BankBank Grove City, MN | 65 out of 100, Moderate | $56.4M | 10.0% | 0.11% | vs |
Deposit insurance
Is my money safe at Vergas State Bank?
Yes. Vergas State Bank is an FDIC-insured institution (FDIC certificate #9747). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 13.3% of deposits ($6.9M) are above the $250,000 FDIC insurance limit, below the peer median of 16%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 15.27%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
1 location
Branches
Vergas State Bank lists 1 office in 1 city. Most locations:
- Vergas, MN (1)
Identity & history
Profile
- Legal name
- Vergas State Bank
- Former names
- First State Bank of Laporte
- Type
- State-chartered bank
- FDIC certificate #
- 9747
- RSSD ID
- 804150
- Primary regulator
- FDIC
- Holding company
- Vergas Bcorp Inc
- Established
- September 1, 1909
- Headquarters
- 106 E Main St, Vergas, MN 56587
- Website
- www.vergasstatebank.com
- Employees
- 7
Quick answers
Vergas State Bank: common questions
Is Vergas State Bank FDIC insured?
Yes. Vergas State Bank is an FDIC-insured institution (FDIC certificate #9747). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Vergas State Bank's TellerScore?
93 out of 100 (Very strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Vergas State Bank ever failed?
There is no failure record for FDIC certificate #9747 in the FDIC failed bank list.
How many branches does Vergas State Bank have?
1 office as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Vergas
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Midwest BankBank Detroit Lakes, MN | 74 out of 100, Strong | $984.5M | 9.8% | 0.05% | vs |
| Northwestern Bank, National AssociationBank Dilworth, MN | 70 out of 100, Strong | $164.7M | 11.2% | 1.23% | vs |
| Minnesota National BankBank Sauk Centre, MN | 70 out of 100, Strong | $298.4M | 9.8% | 0.49% | vs |
| State Bank of Lake ParkBank Lake Park, MN | 69 out of 100, Moderate | $47.0M | 11.0% | 1.52% | vs |
| Magnifi Financial Credit UnionCredit union Melrose, MN | 68 out of 100, Moderate | $2.8B | 11.0% | 0.21% | vs |
| American National Bank of MinnesotaBank Baxter, MN | 65 out of 100, Moderate | $473.2M | 10.8% | 1.00% | vs |