Northern State Bank of Virginia
Overview / Commentary
Northern State Bank of Virginia is headquartered in Virginia and is the 229th largest bank in the state of Minnesota. It is also the 5,063rd largest bank in the nation. It was established in 1966 and as of March of 2017, it had grown to 19 employees at 2 locations. Northern State Bank of Virginia has a B+ health rating.
Health
B+
Data as of Q1 2017
Learn why bank health mattersAdditional 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 | 0.71% |
| Return on Equity - YTD | 9.62% |
| Annual Interest Income | $625.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $62.1MM$59.9MM |
| Loans | Q1 2017vs Q1 2016 | $45.1MM$42.1MM |
| Deposits | Q1 2017vs Q1 2016 | $57.2MM$55.2MM |
| Equity Capital | Q1 2017vs Q1 2016 | $4.8MM$4.7MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $562.00K$530.00K |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $50.00K$1.5MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $285.00K$342.00K |
Rates
Rates for Northern State Bank of Virginia are currently being reviewed.
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 |