Overview / Commentary
101 N. Main
Velva, ND 58790

Peoples State Bank of Velva is headquartered in Velva and is the 42nd largest bank in the state of North Dakota. It is also the 3,874th largest bank in the nation. It was established in 1915 and as of December of 2018, it had grown to 22 employees at 2 locations. Peoples State Bank of Velva's CD rates are 3X the national average, and it has an A health rating.


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Health Grade Components

FDIC Certificate #10250
Year Established1915
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD8.69%
Annual Interest Income$5.7MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$116.8MM$112.1MM
LoansQ4 2018vs Q4 2017$94.9MM$91.6MM
DepositsQ4 2018vs Q4 2017$102.6MM$97.6MM
Equity CapitalQ4 2018vs Q4 2017$10.7MM$10.1MM
Loan Loss AllowanceQ4 2018vs Q4 2017$1.3MM$1.4MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$614.00K$884.00K
Real Estate OwnedQ4 2018vs Q4 2017$169.00K$421.00K
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Always verify rates and promotions with the bank or credit union. We are not Peoples State Bank of Velva; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Peoples State Bank of Velva Savings Account Rates

0.25%--Passbook Savings

Peoples State Bank of Velva Money Market Rates

1.00%*$250k*-Money Market Savings Account
OTHER TIERS: 0.35% Up to $1.5k | 0.40% $1.5k - $25k | 0.45% $25k - $50k | 0.80% $50k - $250k

Peoples State Bank of Velva Checking Account Rates

0.20%$1.5k-Premium Plus Checking
0.15%$500-Premium Checking
0.15%*$1.5k*-Business Premium Plus Checking
OTHER TIERS: 0.10% Up to $1.5k
0.10%--Business Premium Checking

Peoples State Bank of Velva CD Rates

3.00%$5k-56 Month CD Special
2.85%$500-60 Month CD
2.70%$500-36 Month CD
2.67%$500-30 Month CD
2.60%$500-24 Month CD
2.52%$500-18 Month CD
2.40%$500-12 Month CD
1.51%$500-6 Month CD
1.00%$500-91 Day CD

Peoples State Bank of Velva IRA Rates

3.00%$5k-56 Month IRA CD Special
2.85%$500-60 Month IRA CD
2.70%$500-36 Month IRA CD
2.67%$500-30 Month IRA CD
2.60%$500-24 Month IRA CD
2.52%$500-18 Month IRA CD
2.40%$500-12 Month IRA CD
1.51%$500-6 Month IRA CD
1.00%$500-91 Day IRA CD

Peoples State Bank of Velva Locations
Peoples State Bank Of Velva101 N. MainVelva, ND 58790
Peoples State Bank - Minot37th StreetMinot, ND 58701

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