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 171st largest bank in the state of Minnesota. It is also the 3,802nd largest bank in the nation. It was established in 1966 and as of September of 2024, it had grown to 16 employees at 2 locations. Northern State Bank of Virginia has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #19589
Year Established1966
Employees16
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD7.21%
Annual Interest Income$3.7MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$103.1MM$101.3MM
LoansQ3 2024vs Q3 2023$70.5MM$64.1MM
DepositsQ3 2024vs Q3 2023$91.2MM$89.2MM
Equity CapitalQ3 2024vs Q3 2023$9.1MM$7.6MM
Loan Loss AllowanceQ3 2024vs Q3 2023$543K$523K
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$0$0
Real Estate OwnedQ3 2024vs Q3 2023$0$56K
Rates

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Locations


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

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