VersaBank Balance Sheet Health
Financial Health criteria checks 5/6
VersaBank has total assets of CA$4.3B and total equity of CA$389.0M. Total deposits are CA$3.6B, and total loans are CA$4.0B earning a Net Interest Margin of 2.7%. It has insufficient allowance for bad loans, which are currently at 0.4% of total loans. Cash and short-term investments are CA$128.1M.
Key information
11.1x
Asset to equity ratio
2.7%
Net interest margin
Total deposits | CA$3.64b |
Loan to deposit ratio | Appropriate |
Bad loans | 0.4% |
Allowance for bad loans | Low |
Current ratio | Low |
Cash & equivalents | CA$128.10m |
Recent financial health updates
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: VBNK's Assets to Equity ratio (11.1x) is moderate.
Allowance for Bad Loans: VBNK has a low allowance for bad loans (16%).
Low Risk Liabilities: 93% of VBNK's liabilities are made up of primarily low risk sources of funding.
Loan Level: VBNK has an appropriate level of Loans to Assets ratio (92%).
Low Risk Deposits: VBNK's Loans to Deposits ratio (109%) is appropriate.
Level of Bad Loans: VBNK has an appropriate level of bad loans (0.4%).