Northfield Savings Bank


Overview / Commentary
802-485-5871
33 South Main Street
Northfield, VT 05663

Northfield Savings Bank is headquartered in Northfield and is the largest bank in the state of Vermont. It is also the 781st largest bank in the nation. It was established in 1867 and as of March of 2020, it had grown to 168 employees at 13 locations. Northfield Savings Bank has an A+ health rating.

Reviews (1)

Nice Folks, But Not So On Top Of, Well, Anything

Posted by: |

The people at NSB are super nice, cordial, and downright friendly. Great aspects of customer service, however, I'm quite disappointed in the follow through and service I've received in the past 20 months of being a customer. My accounts were completely backwards when I opened them (I received checks with both of our names on the individual account I opened for myself, and no debit cards to either, although my husband received one, but we didn't request one for him). When the automatic roll over protection was offered, everything got screwed up again, and it took a minimum of 5 calls on two separate accounts to correct the issue. Again, everyone has been very nice and accommodating, but it feels like there is zero follow through on just about any request. Last week I visited my local branch on my lunch break to inquire about opening a savings account for some gift funds we received toward the purchase of a new home. I was in a hurry, and advised that they would set up the account for me "because we have everything we need on file - you just need to come in and sign and make your deposit - we'll call you when it's all set up." I'm betting when I walk through the door tomorrow to complain, no one will have a clue what I'm talking about.

Probably going to be changing institutions at that point.



Health
A+

Health Grade Components

Overall
FDIC Certificate #14140
Year Established1867
Employees168
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD3.71%
Annual Interest Income$9.9MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$1.07B$1.03B
LoansQ1 2020vs Q1 2019$841.9MM$792.4MM
DepositsQ1 2020vs Q1 2019$835.8MM$810.4MM
Equity CapitalQ1 2020vs Q1 2019$130.9MM$118.7MM
Loan Loss AllowanceQ1 2020vs Q1 2019$8.9MM$8.6MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$2.4MM$5.4MM
Real Estate OwnedQ1 2020vs Q1 2019$0$40.00K
Rates

Rates for Northfield Savings Bank are currently being reviewed.

Locations

Availability



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