The Bank of Southside Virginia
LOCATIONS
15
View locations
HEALTH RATING
A
View health report
CURRENT TOP RATE
1.00% APY
5 Year CD
View all rates
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.00% | 5-year CD | 5 Year CD |
| 0.25% | 1-year CD | 1 Year CD |
| 0.15% | Savings | Savings Account |
Overview / Commentary
The Bank of Southside Virginia is headquartered in Carson and is the 35th largest bank in the state of Virginia. It is also the 1,266th largest bank in the nation. It was established in 1911 and as of March of 2018, it had grown to 93 employees at 15 locations. The Bank of Southside Virginia has an A health rating.
Health
A
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 11580 |
| Year Established | 1911 |
| Employees | 93 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.6% |
| Return on Equity - YTD | 9.4% |
| Annual Interest Income | $4.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $569.1MM$561.7MM |
| Loans | Q1 2018vs Q1 2017 | $219.1MM$219.1MM |
| Deposits | Q1 2018vs Q1 2017 | $465.5MM$461.2MM |
| Equity Capital | Q1 2018vs Q1 2017 | $96.5MM$92.9MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $4.7MM$5.1MM |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $937.00K$2.7MM |
| Real Estate Owned | Q1 2018vs Q1 2017 | $2.3MM$3.7MM |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
The Bank of Southside Virginia Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | $300 | - | Savings Account |
The Bank of Southside Virginia Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.30%* | $100k* | - | Money Market | ||
| OTHER TIERS: 0.10% → $2,500 - $25k | 0.20% → $25k - $100k | |||||
The Bank of Southside Virginia CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | $1k | - | 5 Year CD | |
| 0.80% | $1k | - | 4 Year CD | |
| 0.65% | $1k | - | 3 Year CD | |
| 0.50% | $1k | - | 2 1/2 Year CD | |
| 0.45% | $1k | - | 2 Year CD | |
| 0.30% | $2,500 | - | 18 Month Step-Up CD | |
| 0.25% | $1k | - | 1 Year CD | |
| 0.15% | $2,500 | - | 6 Month CD |
