Overview / Commentary
The Bank of Southside Virginia is headquartered in Carson and is the 37th largest bank in the state of Virginia. It is also the 1,379th largest bank in the nation. It was established in 1911 and as of June of 2021, it had grown to 72 employees at 15 locations. The Bank of Southside Virginia has an A+ health rating.
Health
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 11580 |
| Year Established | 1911 |
| Employees | 72 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.79% |
| Return on Equity - YTD | 4.79% |
| Annual Interest Income | $8.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $659.0MM$621.2MM |
| Loans | Q2 2021vs Q2 2020 | $187.4MM$215.4MM |
| Deposits | Q2 2021vs Q2 2020 | $541.7MM$503.5MM |
| Equity Capital | Q2 2021vs Q2 2020 | $108.2MM$108.5MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $4.6MM$4.5MM |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $374.00K$166.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $214.00K$318.00K |
