Northern State Bank of Virginia

Overview / Commentary

www.nsbov.com

218-741-9115

600 Chestnut Street
Virginia, MN 55792

Northern State Bank of Virginia is headquartered in Virginia and is the 187^th largest bank in the state of Minnesota. It is also the 4,157^th largest bank in the nation. It was established in 1966 and as of September of 2021, it had grown to 23 employees at 2 locations. Northern State Bank of Virginia has an A health rating.

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Health

Data as of Q3 2021

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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 Established	1966
Employees	23
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.28%
Return on Equity - YTD	12.19%
Annual Interest Income	$2.4MM

Assets and Liabilities
Assets	Q3 2021vs Q3 2020	$90.5MM$84.2MM
Loans	Q3 2021vs Q3 2020	$45.5MM$58.7MM
Deposits	Q3 2021vs Q3 2020	$80.9MM$74.8MM
Equity Capital	Q3 2021vs Q3 2020	$9.4MM$9.0MM
Loan Loss Allowance	Q3 2021vs Q3 2020	$517.00K$517.00K
Unbacked Noncurrent Loans	Q3 2021vs Q3 2020	$1,000$0
Real Estate Owned	Q3 2021vs Q3 2020	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$30k^*	-	Premier Savings
OTHER TIERS: 0.05% → Up to $10k \| 0.10% → $10k - $30k
0.15%^*	$30k^*	-	Business Premier Savings
OTHER TIERS: 0.05% → Up to $10k \| 0.10% → $10k - $30k
0.05%	-	-	Regular Savings
0.05%	-	-	Thrift Savings
0.05%	-	-	Business Regular Savings

Northern State Bank of Virginia Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%^*	$1k^*	-	Money Market Savings
OTHER TIERS: 0.05% → Up to $1k
0.10%^*	$1k^*	-	Business Money Market Savings
OTHER TIERS: 0.05% → Up to $1k

Northern State Bank of Virginia Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$1k	-	Now Checking
0.05%	$1k	-	Joy Plus Checking

Northern State Bank of Virginia CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	$25k^*	-	60 to 84 Month CD
OTHER TIERS: 0.55% → $1k - $10k \| 0.65% → $10k - $25k
0.75%^*	$25k^*	-	Business 60 to 84 Month CD
OTHER TIERS: 0.55% → $1k - $10k \| 0.65% → $10k - $25k
0.60%^*	$25k^*	-	48 to 59 Month CD
OTHER TIERS: 0.40% → $1k - $10k \| 0.50% → $10k - $25k
0.60%^*	$25k^*	-	Business 48 to 59 Month CD
OTHER TIERS: 0.40% → $1k - $10k \| 0.50% → $10k - $25k
0.40%	$5k	-	21 Month CD Special
0.40%	$5k	-	Business 21 Month CD Special
0.35%^*	$25k^*	-	36 to 47 Month CD
OTHER TIERS: 0.25% → $1k - $10k \| 0.30% → $10k - $25k
0.35%	$5k	-	14 Month CD Special
0.35%	$5k	-	Business 14 Month CD Special
0.35%^*	$25k^*	-	Business 36 to 47 Month CD
OTHER TIERS: 0.25% → $1k - $10k \| 0.30% → $10k - $25k
0.30%^*	$25k^*	-	12 to 23 Month CD
OTHER TIERS: 0.20% → $1k - $10k \| 0.25% → $10k - $25k
0.30%^*	$25k^*	-	24 to 35 Month CD
OTHER TIERS: 0.20% → $1k - $10k \| 0.25% → $10k - $25k
0.30%^*	$25k^*	-	Business 12 to 23 Month CD
OTHER TIERS: 0.20% → $1k - $10k \| 0.25% → $10k - $25k
0.30%^*	$25k^*	-	Business 24 to 35 Month CD
OTHER TIERS: 0.20% → $1k - $10k \| 0.25% → $10k - $25k
0.20%^*	$25k^*	-	6 to 11 Month CD
OTHER TIERS: 0.10% → $1k - $10k \| 0.15% → $10k - $25k
0.20%^*	$25k^*	-	Business 6 to 11 Month CD
OTHER TIERS: 0.10% → $1k - $10k \| 0.15% → $10k - $25k
0.15%^*	$25k^*	-	3 to 5 Month CD
OTHER TIERS: 0.05% → $1k - $10k \| 0.10% → $10k - $25k
0.15%^*	$25k^*	-	Business 3 to 5 Month CD
OTHER TIERS: 0.05% → $1k - $10k \| 0.10% → $10k - $25k

Northern State Bank of Virginia IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	$25k^*	-	60 to 84 Month IRA CD
OTHER TIERS: 0.55% → $1k - $10k \| 0.65% → $10k - $25k
0.60%^*	$25k^*	-	48 to 59 Month IRA CD
OTHER TIERS: 0.40% → $1k - $10k \| 0.50% → $10k - $25k
0.60%	$50	-	IRA Certificate of Deposit
0.35%^*	$25k^*	-	36 to 47 Month IRA CD
OTHER TIERS: 0.25% → $1k - $10k \| 0.30% → $10k - $25k
0.30%^*	$25k^*	-	12 to 23 Month IRA CD
OTHER TIERS: 0.20% → $1k - $10k \| 0.25% → $10k - $25k
0.30%^*	$25k^*	-	24 to 35 Month IRA CD
OTHER TIERS: 0.20% → $1k - $10k \| 0.25% → $10k - $25k
0.20%^*	$25k^*	-	6 to 11 Month IRA CD
OTHER TIERS: 0.10% → $1k - $10k \| 0.15% → $10k - $25k
0.15%^*	$25k^*	-	3 to 5 Month IRA CD
OTHER TIERS: 0.05% → $1k - $10k \| 0.10% → $10k - $25k

Locations

Northern State Bank of Virginia Locations
Northern State Bank Of Virginia	600 Chestnut Street	Virginia, MN 55792
Northern State Bank Of Virginia Ches	521 Chestnut Street	Virginia, MN 55792

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