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 35th largest bank in the state of Virginia. It is also the 1,342nd largest bank in the nation. It was established in 1911 and as of March of 2022, it had grown to 74 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 - YTD0.65%
Return on Equity - YTD4.39%
Annual Interest Income$3.9MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$686.1MM$640.4MM
LoansQ1 2022vs Q1 2021$178.3MM$195.6MM
DepositsQ1 2022vs Q1 2021$582.7MM$525.8MM
Equity CapitalQ1 2022vs Q1 2021$96.8MM$105.7MM
Loan Loss AllowanceQ1 2022vs Q1 2021$4.6MM$4.5MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$124.00K$141.00K
Real Estate OwnedQ1 2022vs Q1 2021$50.00K$281.00K

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