# VERGAS STATE BANK
VERGAS, MN · FDIC certificate 9747 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 1 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $60.7M | |
| Deposits | $51.5M | |
| Loans and leases | $35.1M | |
| Total equity | $8.9M | |
| Loans / deposits | 67.35% (p41 of band) | 73.59% |
| Liquid assets / assets | 41.63% (p66 of band) | |
| Uninsured deposits / deposits | 13.31% (p25 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 15.27% (p78 of band) | 11.76% |
| Unrealized securities loss / equity | -0.48% (p83 of band) | -6.57% |
| AOCI / equity | -0.35% (p52 of band) | |
| ROA (annualized) | 1.37% (p61 of band) | 1.17% |
| Net interest margin | 4.30% (p68 of band) | 3.93% |
| Efficiency ratio | 56.59% (p27 of band) | |
| Noncurrent loans | 0.16% (p38 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p38 of band) | |
| Reserve coverage of noncurrent | 758.93% | |
| Real estate % of loans | 71% | |
| Construction % of loans | 128.35% (p97 of band) | |
| Auto loans | $628,000 (1.79% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 8.8% | |
| Employees | 7 | |

## Flags firing in the latest filing

- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 1 | capital falling |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 0 |  | capital falling |
| 2012-06 | 0 |  |  |
| 2012-09 | 1 | capital falling |  |
| 2012-12 | 0 |  | capital falling |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 1 | capital falling |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 0 |  | capital falling |
| 2014-06 | 1 | uninsured deposits leaving |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 2 | deposits shrinking |  |
| 2015-03 | 2 |  |  |
| 2015-06 | 1 |  | deposits shrinking |
| 2015-09 | 1 | capital falling | uninsured deposits leaving |
| 2015-12 | 1 |  |  |
| 2016-03 | 1 | NIM <2.5% | capital falling |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 0 |  | NIM <2.5% |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 2 | noncurrent p90, reserve under noncurrent |  |
| 2019-09 | 1 |  | noncurrent p90 |
| 2019-12 | 2 | capital falling |  |
| 2020-03 | 2 | NIM <2.5% | reserve under noncurrent |
| 2020-06 | 2 |  |  |
| 2020-09 | 3 | uninsured deposits leaving |  |
| 2020-12 | 3 | expense ratio p90 | capital falling |
| 2021-03 | 0 |  | NIM <2.5%, uninsured deposits leaving, expense ratio p90 |
| 2021-06 | 2 | capital falling, NIM <2.5% |  |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 3 | losing money, expense ratio p90 | capital falling |
| 2022-06 | 2 |  | losing money |
| 2022-09 | 1 |  | expense ratio p90 |
| 2022-12 | 3 | deposits shrinking, assets shrinking |  |
| 2023-03 | 0 |  | NIM <2.5%, deposits shrinking, assets shrinking |
| 2023-06 | 0 |  |  |
| 2023-09 | 0 |  |  |
| 2023-12 | 0 |  |  |
| 2024-03 | 0 |  |  |
| 2024-06 | 0 |  |  |
| 2024-09 | 0 |  |  |
| 2024-12 | 0 |  |  |
| 2025-03 | 1 | uninsured deposits leaving |  |
| 2025-06 | 2 | construction >100% equity |  |
| 2025-09 | 1 |  | uninsured deposits leaving |
| 2025-12 | 2 | capital falling |  |
| 2026-03 | 1 |  | capital falling |
| 2026-06 | 1 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2023-12-15 [Hanson makes history as first female board member at Vergas State Bank - Detroit Lakes Tribune](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNWFN1NmZGbEJLQnJLWkVZdzlmSk1ZZWdzZW84aXJUZ2pqQnN6MFFnb2gxSUQxTWJtT1ZOS2o0S1dRX2dFajRERHlHeHZ0cTRWc05PcXdWYmtOZzdBMjdFLXhZdlRHSzdIZWdza25BUUNrRGF1SnNOMG40bTBPLXNycFBWaERVdkZFRkhLN1FyZUZMN285VXVnNjcwQVg5cTk2Xzlwb19GUl8yWkU?oc=5) · Detroit Lakes Tribune
- 2023-12-31 [How did a dairy museum end up in a Minnesota bank basement? - CBS News](https://news.google.com/rss/articles/CBMikgFBVV95cUxNZnl6SmdEVC1oNWtMYWR0YmFhOS1Lbl9YcHQxVWVGX0NnLWFBa2YzMGNGUDQySmQ2alNpNThGS2dUTlJ5aEZiOGdaOV90UjVIQVZGcWRHakNVeFVRSXRGVGRmaWFHWnZ1dGpHdXA3WXlYWDVUU0ZDNEZzTmdsQU4ydTkzRG1tRE15Zm40SktJOVVCUdIBlwFBVV95cUxPVUYwUkcyYnRSMnFaQ3ZwUzNURGRjTzh6bnNxc3Y2NVdNRWpXUU1IaWtROVZxc3Fjck14WkJMQ013Wm9Yb1VxbnJYQ3E2blFpVDZwOXVleW56Sm5LNWlBNTlibEZxLV9ySWZXbUY5dVE4Ylc4QkN4WDVhcFh3VmRxRDJ4VHJ3bU5pdTlQN28tdWpBWDhIdVJJ?oc=5) · CBS News
- 2014-10-27 [Hanson says she’s more than happy she stayed in Vergas - Detroit Lakes Tribune](https://news.google.com/rss/articles/CBMihgFBVV95cUxNZWRKRFV1TUZvNHRRS3loUml3TlJnN1llRkZNQUtIRVVqMDMtMmRDTThzaWF4S2FUVkk2TTh1OVlNRVhxTWVqZTlkT2JtR3NoZTIyNS1ORW1KV3dMbm5rdzRnLU1CRlZMRmZiN1R6NlBuc095ZVB4bExKWU11YjZGNHpCRnFIdw?oc=5) · Detroit Lakes Tribune
- 2022-07-12 [Joan "Penny" Kotte Obituary Jul 12, 2022 - David-Donehower Funeral & Cremation Service](https://news.google.com/rss/articles/CBMiaEFVX3lxTE5RamxXVlJQZHZtZWxfUzFsR2pDNmxSQ0l0YzlUWDhMOUpLTnhJZjhzNF9vQTBzRU9FYlpLLUR6M3dLTlBwSGFCRF9Fbm10VFR0dFdDLVo4RzNlM2RjemZHYnh4X0Nlc2x3?oc=5) · David-Donehower Funeral &amp; Cremation Service
- 2026-08-03 [Big fun, little town - Perham Focus](https://news.google.com/rss/articles/CBMiakFVX3lxTE92b0xKdzZ6YVF6V0NzMWRvUG9DZEg1V0VfWUI0ckx6V3U0ZFJMOG9HZDNEZW11WnB6Y21yRVNrX0VXaXRGY2s0NG9KNGktblhQMXFoX3VWTWl5TTY3dW5JOElvYkNqNFFwc1E?oc=5) · Perham Focus
- 2022-08-13 [Ditterich Family Farm expands into Ditterich Mercantile to fill grocery gap - Agweek](https://news.google.com/rss/articles/CBMitAFBVV95cUxOUnV5cXNwdVBsY09LVUt2ekpUUlM0Tm5sT1dEcGU3RkpQT2tuMFpFRnJJYXpSMUMwVUhlbXJLVEhHTWFHdU8xQ0RrclZsZ1NUaW9IZzY0UG80TUpiN21JdjYxM2o2SEtIdGZrMHdtM0NEU0RSLTdkTnBQUGh4OVVWNVlvdm9LUmQzeVB2cmZHNWZKWk9ZbmVwZFVQTFpxX19HUW9BalhiY2h3X2JsTDEtNmxyZnM?oc=5) · Agweek
- 2016-03-27 [Nathan Soland, Joseph Wehri (Published 2016) - The New York Times](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOQTBmMm41TTVrUWRmN2pkZllvTTQzTXdyMk9PZTM3ZF9VQnFicHhlVV93RFMxcXl3ZGxvb2RqcjRxTkdycEU2T1ZGbzQ2TUZuVnhNNzg0MmJLQ1R2b3FjNEI0STR4TFd1azY0OVY5ZXdvYmhwTnk1cVQwUm5TaXlBNkV1NGljXzVfQkkw?oc=5) · The New York Times
- 2012-05-31 [Benshoof: SyFy show in Vergas to investigate the Hairy Man - Perham Focus](https://news.google.com/rss/articles/CBMilAFBVV95cUxQWUZCOFpJWGo2aG0zZEdsdVI1clFKVEVaM1l6UGQxUHhILUdaQTJVdzRhVDZRN18yUXFuMmdzUzJ6bmRtR09QLXBQV05XTlRXemZKQVhoeEt0RzY3VzFCZGF6UHdmQmhTQmcwSDRDZEZFT2VTbENlRE9NNTJtYTVNNjBNaGEteTRsMEZiZHFHOG1NSXo4?oc=5) · Perham Focus

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=9747 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/19.json (key "9747", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide