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 36th largest bank in the state of Virginia. It is also the 1,306th largest bank in the nation. It was established in 1911 and as of September of 2019, it had grown to 75 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 - YTD1.65%
Return on Equity - YTD9.09%
Annual Interest Income$15.6MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$564.3MM$549.6MM
LoansQ3 2019vs Q3 2018$220.6MM$233.3MM
DepositsQ3 2019vs Q3 2018$448.8MM$442.8MM
Equity CapitalQ3 2019vs Q3 2018$106.7MM$99.7MM
Loan Loss AllowanceQ3 2019vs Q3 2018$4.7MM$4.6MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$508.00K$335.00K
Real Estate OwnedQ3 2019vs Q3 2018$401.00K$544.00K

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