Northern State Bank of Virginia


Overview / Commentary
218-741-9115
600 Chestnut Street
Virginia, MN 55792

Northern State Bank of Virginia is headquartered in Virginia and is the 189th largest bank in the state of Minnesota. It is also the 4,353rd largest bank in the nation. It was established in 1966 and as of December of 2019, it had grown to 18 employees at 2 locations. Northern State Bank of Virginia has an A health rating.

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Northern State Bank of Virginia has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #19589
Year Established1966
Employees18
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.32%
Return on Equity - YTD11.63%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$76.5MM$72.0MM
LoansQ4 2019vs Q4 2018$56.8MM$49.2MM
DepositsQ4 2019vs Q4 2018$67.8MM$63.8MM
Equity CapitalQ4 2019vs Q4 2018$8.6MM$8.1MM
Loan Loss AllowanceQ4 2019vs Q4 2018$513.00K$478.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$0$0
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Northern State Bank of Virginia Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$50k*-Premier Savings
OTHER TIERS: 0.10% Up to $10k | 0.12% $10k - $30k | 0.15% $30k - $50k
0.20%*$50k*-Business Premier Savings
OTHER TIERS: 0.10% Up to $10k | 0.12% $10k - $30k | 0.15% $30k - $50k
0.10%--Regular Savings
0.10%--Thrift Savings
0.10%--Business Regular Savings

Northern State Bank of Virginia Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.12%*$1k*-Money Market Savings
OTHER TIERS: 0.10% Up to $1k
0.12%*$1k*-Business Money Market Savings
OTHER TIERS: 0.10% Up to $1k

Northern State Bank of Virginia Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1k-Now Checking
0.05%$1k-Joy Plus Checking

Northern State Bank of Virginia CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%*$25k*-60 to 84 Month CD
OTHER TIERS: 1.00% $1k - $10k | 1.05% $10k - $25k
1.10%*$25k*-Business 60 to 84 Month CD
OTHER TIERS: 1.00% $1k - $10k | 1.05% $10k - $25k
0.95%*$25k*-48 to 59 Month CD
OTHER TIERS: 0.85% $1k - $10k | 0.90% $10k - $25k
0.95%*$25k*-Business 48 to 59 Month CD
OTHER TIERS: 0.85% $1k - $10k | 0.90% $10k - $25k
0.80%*$25k*-36 to 47 Month CD
OTHER TIERS: 0.70% $1k - $10k | 0.75% $10k - $25k
0.80%*$25k*-Business 36 to 47 Month CD
OTHER TIERS: 0.70% $1k - $10k | 0.75% $10k - $25k
0.70%$5k-21 Month CD Special
0.70%$5k-Business 21 Month CD Special
0.65%*$25k*-24 to 35 Month CD
OTHER TIERS: 0.55% $1k - $10k | 0.60% $10k - $25k
0.65%*$25k*-Business 24 to 35 Month CD
OTHER TIERS: 0.55% $1k - $10k | 0.60% $10k - $25k
0.50%*$25k*-12 to 23 Month CD
OTHER TIERS: 0.40% $1k - $10k | 0.45% $10k - $25k
0.50%$5k-14 Month CD Special
0.50%*$25k*-Business 12 to 23 Month CD
OTHER TIERS: 0.40% $1k - $10k | 0.45% $10k - $25k
0.50%$5k-Business 14 Month CD Special
0.35%*$25k*-6 to 11 Month CD
OTHER TIERS: 0.25% $1k - $10k | 0.30% $10k - $25k
0.35%$5k-7 Month CD Special
0.35%*$25k*-Business 6 to 11 Month CD
OTHER TIERS: 0.25% $1k - $10k | 0.30% $10k - $25k
0.35%$5k-Business 7 Month CD Special
0.20%*$25k*-3 to 5 Month CD
OTHER TIERS: 0.10% $1k - $10k | 0.15% $10k - $25k
0.20%*$25k*-Business 3 to 5 Month CD
OTHER TIERS: 0.10% $1k - $10k | 0.15% $10k - $25k

Northern State Bank of Virginia IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%*$25k*-60 to 84 Month IRA CD
OTHER TIERS: 1.00% $1k - $10k | 1.05% $10k - $25k
0.95%*$25k*-48 to 59 Month IRA CD
OTHER TIERS: 0.85% $1k - $10k | 0.90% $10k - $25k
0.85%$50-IRA Certificate of Deposit
0.80%*$25k*-36 to 47 Month IRA CD
OTHER TIERS: 0.70% $1k - $10k | 0.75% $10k - $25k
0.65%*$25k*-24 to 35 Month IRA CD
OTHER TIERS: 0.55% $1k - $10k | 0.60% $10k - $25k
0.50%*$25k*-12 to 23 Month IRA CD
OTHER TIERS: 0.40% $1k - $10k | 0.45% $10k - $25k
0.35%*$25k*-6 to 11 Month IRA CD
OTHER TIERS: 0.25% $1k - $10k | 0.30% $10k - $25k
0.20%*$25k*-3 to 5 Month IRA CD
OTHER TIERS: 0.10% $1k - $10k | 0.15% $10k - $25k
Locations


Northern State Bank of Virginia Locations
Northern State Bank Of Virginia600 Chestnut StreetVirginia, MN 55792
Northern State Bank Of Virginia Ches521 Chestnut StreetVirginia, MN 55792

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