VersaBank USA, National Association
Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.2 on a scale of 0 to 10).
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 94.9 and a capital leverage ratio of 55.9. A current level of 0.1 percent of nonperforming loans to core capital combined with 1.9 percent from a year earlier contributes to the Excellent asset quality (8.9).
Asset Mix:
Comm loans (52%), securities (35%), cash (3%), other (10%)
States with Branches:
MN
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
VersaBank
Investment Rating
--
Address
580 Main Street
Holdingford, MN 56340
Holdingford, MN 56340
Phone Number
(320) 746-2261
Year Founded
1910
FDIC Number
Website
Largest Affiliates
Saint Cloud, MN
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Bank
Upsala, MN
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Bank