Northfield Savings Bank is headquartered in NORTHFIELD and is the largest bank in the state of Vermont. It is also the 721st largest bank in the nation. It was established in 1867 and as of December of 2024, it had grown to 176 employees at 13 locations. Northfield Savings Bank has an A health rating.
Great Bank
I think Northfield Savings Bank is "the" bank in Vermont. The decision making is done in Vermont and you don't need to wait weeks for an answer. Their rates are VERY competitive with out of state banks. They donate a great deal to charities as well.
Dirty Fees
I have been a customer of NSB for almost 40 years now. I have a savings account, which I called my rainy day money. I luckily never had used it and didn’t pay attention to it because they don’t give you anything for interest. I suppose it’s my fault for not opening the statements but one day I did open one and realized they have been charging me an inactivity fee each month. So let me get this straight, you use my money for your business don’t pay hardly anything for interest and because I didn’t check a balance, withdraw any money, or add any money you are going to steal my money after you have already been using it. It’s not like you don’t know if I’m alive or dead. I use my checking account there all the time. I think you need to rethink your policy, because right now I would only recommend your bank to other people When pigs fly.
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 14140 |
| Year Established | 1867 |
| Employees | 176 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.31% |
| Return on Equity - YTD | 3.6% |
| Annual Interest Income | $58.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $1.56B$1.5B |
| Loans | Q4 2024vs Q4 2023 | $1.09B$1.03B |
| Deposits | Q4 2024vs Q4 2023 | $1.23B$1.19B |
| Equity Capital | Q4 2024vs Q4 2023 | $133.3MM$126.2MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $8.6MM$8.5MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $5.3MM$4.7MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |
