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 194^th largest bank in the state of Minnesota. It is also the 4,454^th largest bank in the nation. It was established in 1966 and as of June of 2019, it had grown to 19 employees at 2 locations. Northern State Bank of Virginia has an A health rating.

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Health

Data as of Q2 2019

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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	19
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.29%
Return on Equity - YTD	11.3%
Annual Interest Income	$1.7MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$74.4MM$65.0MM
Loans	Q2 2019vs Q2 2018	$51.2MM$48.1MM
Deposits	Q2 2019vs Q2 2018	$65.8MM$59.8MM
Equity Capital	Q2 2019vs Q2 2018	$8.5MM$5.1MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$486.00K$521.00K
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$0$36.00K
Real Estate Owned	Q2 2019vs Q2 2018	$0$16.00K

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
0.85%	-	-	IRA
0.20%^*	$50k^*	-	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

Northern State Bank of Virginia Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.12%^*	$1k^*	-	Money Market Savings
OTHER TIERS: 0.10% → 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
1.10%^*	$25k^*	-	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
0.80%^*	$25k^*	-	36 to 47 Month CD
OTHER TIERS: 0.70% → $1k - $10k \| 0.75% → $10k - $25k
0.70%	$5k	-	21 Month CD Special
0.65%^*	$25k^*	-	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
0.35%^*	$25k^*	-	6 to 11 Month CD
OTHER TIERS: 0.25% → $1k - $10k \| 0.30% → $10k - $25k
0.35%	$5k	-	7 Month CD Special
0.20%^*	$25k^*	-	3 to 5 Month CD
OTHER TIERS: 0.10% → $1k - $10k \| 0.15% → $10k - $25k

Northern State Bank of Virginia IRA Rates

APY	MIN	MAX	ACCOUNT NAME
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
0.80%^*	$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 Virginia	600 Chestnut Street	Virginia, MN 55792
Virginia Branch	1111 17th Street South	Virginia, MN 55792

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