Verus Bank

Verus Bank is headquartered in Derby and is the 102^nd largest bank in the state of Kansas. It is also the 4,511^st largest bank in the nation. It was established in 1974 and as of September of 2011, it had grown to 47 employees at 6 locations. Verus Bank has a 5-star health rating.

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Data for Q3 2011

Institution Statistics Verus Bank, National Association FDIC Certificate # 21463 BankRate Report View Year Established 1974 Employees 47 Primary Regulator OCC Assets and Liabilities Assets $117.76 million Loans $70.50 million Deposits $105.46 million Equity Capital $11.23 million Loan Loss Allowance $765,000 Unbacked Noncurrent Loans $263,000 Real Estate Owned $73,000 Historic Data - September 2010 Assets $108.23 million Equity Capital $10.51 million Loan Loss Allowance $777,000 Unbacked Noncurrent Loans $290,000 Real Estate Owned $288,000 Profit Margin - Quarterly Net Interest Margin 4.36% Return on Assets 1.1% Return on Equity 11.66% Interest Income $3.76 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Verus Bank had $336,000 in non-current loans and owned real-estate with $12 million in equity and loan loss allowances on hand to cover it. This gives Verus Bank a Texas Ratio of 2.80% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Verus Bank decreased significantly from 5.12% as of September 30, 2010 to 2.80% as of September 30, 2011, resulting in a positive change of 45.31%.This indicates that the balance sheet and financial strength for Verus Bank has improved significantly in recent periods. Deposit Growth In the past year, Verus Bank has increased its total deposits by $8.96 million, resulting in 9.29% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Verus Bank has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Verus Bank has $117.76 million in assets with $12 million in equity, resulting in a capitalization level of 10.19%, which is above average.

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