Peoples State Bank of Velva


Overview / Commentary
701-338-2821
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 3,860th largest bank in the nation. It was established in 1915 and as of June of 2019, it had grown to 20 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

Health Grade Components

Overall
FDIC Certificate #10250
Year Established1915
Employees20
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.3%
Return on Equity - YTD13.77%
Annual Interest Income$3.1MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$113.6MM$113.7MM
LoansQ2 2019vs Q2 2018$95.7MM$95.1MM
DepositsQ2 2019vs Q2 2018$98.5MM$98.0MM
Equity CapitalQ2 2019vs Q2 2018$11.1MM$10.2MM
Loan Loss AllowanceQ2 2019vs Q2 2018$2.1MM$1.2MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$601.00K$673.00K
Real Estate OwnedQ2 2019vs Q2 2018$198.00K$169.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Passbook Savings

Peoples State Bank of Velva Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

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

Peoples State Bank of Velva CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.55%$500-60 Month CD
2.50%$500-36 Month CD
2.46%$500-30 Month CD
2.35%$500-24 Month CD
2.31%$500-18 Month CD
2.30%$500-12 Month CD
1.51%$500-6 Month CD
1.00%$500-91 Day CD

Peoples State Bank of Velva IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.55%$500-60 Month IRA CD
2.50%$500-36 Month IRA CD
2.46%$500-30 Month IRA CD
2.35%$500-24 Month IRA CD
2.31%$500-18 Month IRA CD
2.30%$500-12 Month IRA CD
1.51%$500-6 Month IRA CD
1.00%$500-91 Day IRA CD
Locations


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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