VersaBank USA National Association: how it compares with its peers
Against 46 MN banks with half to twice its assets, VersaBank USA National Association's strongest measure in Q2 2026 is assets per employee ($48.0M vs. a $8.0M peer median). Its weakest relative measure is net interest margin (2.96% vs. 3.92%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.23% | 1.41% | Bottom third Ahead of 33% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.96% | 3.92% | Bottom third Ahead of 4% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 41.99% | 58.08% | Top third Ahead of 93% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $48.0M | $8.0M | Top third Ahead of 100% of peers |
| Loans to deposits Net loans and leases over total deposits. | 85.44% | 85.14% | Context |
What it means for lending operations
Its efficiency ratio of 41.99% is better than the 58.08% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- 21st Century Bank Loretto, MN · $895M
- Vermillion State Bank Vermillion, MN · $931M
- United Prairie Bank Mountain Lake, MN · $939M
- Pioneer Bank Mapleton, MN · $884M
- Falcon National Bank Foley, MN · $872M
- First National Bank North Walker, MN · $864M
Questions about VersaBank USA National Association
How big is VersaBank USA National Association?
VersaBank USA National Association, established in 1910, is headquartered in Holdingford, MN. It reported $912M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is VersaBank USA National Association's return on assets?
1.23% annualized in Q2 2026, against a 1.41% median for 46 MN banks with half to twice its assets, ahead of 33% of them.
What is VersaBank USA National Association's efficiency ratio?
41.99% in Q2 2026: it spent about 42 cents in noninterest expense for each dollar of revenue. The peer median is 58.08%, and lower is better.
Is VersaBank USA National Association growing its loans?
Net loans grew 388.8% over the year to Q2 2026, while deposits grew 564.7%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MN banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Minnesota bank ranked.