Northern State Bank of Virginia
Overview / Commentary
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.
Health
B+
Data as of Q2 2018
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 | 18 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.41% |
| Return on Equity - YTD | 5.22% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $65.0MM$62.4MM |
| Loans | Q2 2018vs Q2 2017 | $48.1MM$45.9MM |
| Deposits | Q2 2018vs Q2 2017 | $59.8MM$57.4MM |
| Equity Capital | Q2 2018vs Q2 2017 | $5.1MM$4.9MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $521.00K$560.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $36.00K$9.00K |
| Real Estate Owned | Q2 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 Virginia | 600 Chestnut Street | Virginia, MN 55792 |
| Virginia Branch | 1111 17th Street South | Virginia, MN 55792 |