The Bank of Southside Virginia

Overview / Commentary
17208 Halligan Park Rd.
Carson, VA 23830

The Bank of Southside Virginia is headquartered in Carson and is the 39th largest bank in the state of Virginia. It is also the 1,345th largest bank in the nation. It was established in 1911 and as of December of 2020, it had grown to 73 employees at 15 locations. The Bank of Southside Virginia has an A+ health rating.


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Health Grade Components

FDIC Certificate #11580
Year Established1911
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD5.48%
Annual Interest Income$17.6MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$635.9MM$573.6MM
LoansQ4 2020vs Q4 2019$203.8MM$215.7MM
DepositsQ4 2020vs Q4 2019$519.4MM$461.4MM
Equity CapitalQ4 2020vs Q4 2019$107.2MM$104.2MM
Loan Loss AllowanceQ4 2020vs Q4 2019$4.5MM$4.6MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$48.00K$253.00K
Real Estate OwnedQ4 2020vs Q4 2019$281.00K$321.00K

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