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

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.

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Health
B+
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
Employees19
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.71%
Return on Equity - YTD9.62%
Annual Interest Income$625.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$62.1MM$59.9MM
LoansQ1 2017vs Q1 2016$45.1MM$42.1MM
DepositsQ1 2017vs Q1 2016$57.2MM$55.2MM
Equity CapitalQ1 2017vs Q1 2016$4.8MM$4.7MM
Loan Loss AllowanceQ1 2017vs Q1 2016$562.00K$530.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$50.00K$1.5MM
Real Estate OwnedQ1 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 Virginia600 Chestnut StreetVirginia, MN 55792
Virginia Branch1111 17th Street SouthVirginia, MN 55792