Northern State Bank of Virginia

Northern State Bank of Virginia is headquartered in Virginia and is the 252^nd largest bank in the state of Minnesota. It is also the 6,056^th largest bank in the nation. It was established in 1966 and as of March of 2012, it had grown to 21 employees at 2 locations. Northern State Bank of Virginia has a 3-star health rating.

Data for Q1 2012

Institution Statistics Northern State Bank of Virginia FDIC Certificate # 19589 BankRate Report View Year Established 1966 Employees 21 Primary Regulator FDIC Assets and Liabilities Assets $60.73 million Loans $41.30 million Deposits $56.37 million Equity Capital $4.29 million Loan Loss Allowance $676,000 Unbacked Noncurrent Loans $807,000 Real Estate Owned $704,000 Historic Data - March 2011 Assets $55.68 million Equity Capital $4.19 million Loan Loss Allowance $657,000 Unbacked Noncurrent Loans $392,000 Real Estate Owned $680,000 Profit Margin - Quarterly Net Interest Margin 4.02% Return on Assets 0.25% Return on Equity 3.46% Interest Income $636,000

Institution Health Overall Score: 3 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 March 31, 2012 Northern State Bank of Virginia had $1.51 million in non-current loans and owned real-estate with $4.97 million in equity and loan loss allowances on hand to cover it. This gives Northern State Bank of Virginia a Texas Ratio of 30.41% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Northern State Bank of Virginia increased slightly from 22.14% as of March 31, 2011 to 30.41% as of March 31, 2012, resulting in a negative change of 37.41%. This indicates that the balance sheet and financial strength for Northern State Bank of Virginia has declined slightly in recent periods. Deposit Growth In the past year, Northern State Bank of Virginia has increased its total deposits by $4.94 million, resulting in 9.6% 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 Northern State Bank of Virginia 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. Northern State Bank of Virginia has $60.73 million in assets with $4.97 million in equity, resulting in a capitalization level of 8.18%, which is average.

No reviews have been left for this bank yet. Be the first to review.