|
 |
|
|
 Vermillion State Bank
Vermillion State Bank
| RSSD ID 208057 | CERTIFICATE 10214 | ABA NUMBER 91914370 |
| 107 Main St E |
Quarter Ended : |
2025-03-31 |
| Vermillion, Minnesota, 55085 |
Updated : |
2025-04-10 |
| WWW.VERMILLIONBANK.COM |
|
| Institution Profile |
| Year Opened : |
1918 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
Yes |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
041 |
|
| Specialization : |
All Other Under 1 Billion |
| Number of Offices : |
6 |
Number of Employees : |
40 |
|
|
|
|
|
|
| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
|
Income Statement
(USD, in thousands, ytd) |
| Total Assets | 858,571 |
|
Total Interest Income | 10,904 |
| Total Liabilities | 748,080 |
|
Total NonInterest Income | 313 |
| Total Bank Equity Capital | 110,491 |
|
Total Interest Expense | 4,134 |
| Total Deposits | 744,798 |
|
Total NonInterest Expense | 1,732 |
| Net Loans & Leases | 396,838 |
|
Net Income | 5,260 |
| Loan Loss Allowance | 6,687 |
|
Net Charge Offs | (325) |
|
|
|
| Regulatory Capital |
|
Quarterly Averages
(USD, in thousands) |
| Community Bank Leverage Ratio | Yes |
|
Total loans | 403,728 |
| Total assets for the leverage ratio | 849,047 |
|
Loans secured by real estate: | 294,894 |
| Tier 1 Leverage Ratio | 13.07 |
|
Commercial and industrial loans | 72,476 |
| Off Balance Sheet Exposures (%) | 0.1 |
|
Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
|
Loans to individuals - Other | 10,097 |
|
|
|
|
:· Vermillion State Bank
