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

Northern State Bank of Virginia is headquartered in Virginia and is the 215th largest bank in the state of Minnesota. It is also the 4,764th largest bank in the nation. It was established in 1966 and as of June of 2018, it had grown to 18 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
Employees18
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD5.22%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$65.0MM$62.4MM
LoansQ2 2018vs Q2 2017$48.1MM$45.9MM
DepositsQ2 2018vs Q2 2017$59.8MM$57.4MM
Equity CapitalQ2 2018vs Q2 2017$5.1MM$4.9MM
Loan Loss AllowanceQ2 2018vs Q2 2017$521.00K$560.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$36.00K$9.00K
Real Estate OwnedQ2 2018vs Q2 2017$16.00K$186.00K
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

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