Peoples State Bank of Velva

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 3,757th largest bank in the nation. It was established in 1915 and as of June of 2020, it had grown to 20 employees at 2 locations. Peoples State Bank of Velva's money market rates are 70% higher than the national average, and it has a C+ health rating.


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Health Grade Components

FDIC Certificate #10250
Year Established1915
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.16%
Return on Equity - YTD12.02%
Annual Interest Income$2.8MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$125.2MM$113.6MM
LoansQ2 2020vs Q2 2019$97.0MM$95.7MM
DepositsQ2 2020vs Q2 2019$109.3MM$98.5MM
Equity CapitalQ2 2020vs Q2 2019$11.9MM$11.1MM
Loan Loss AllowanceQ2 2020vs Q2 2019$1.4MM$2.1MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$3.5MM$601.00K
Real Estate OwnedQ2 2020vs Q2 2019$189.00K$198.00K
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* 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

0.75%*$250k*-Money Market Savings Account
OTHER TIERS: 0.20% Up to $1.5k | 0.25% $1.5k - $25k | 0.35% $25k - $50k | 0.60% $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
0.10%--Business Premium Checking

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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