Overview / Commentary
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.
Health
A+
Data as of Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 11580 |
| Year Established | 1911 |
| Employees | 75 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.65% |
| Return on Equity - YTD | 9.09% |
| Annual Interest Income | $15.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $564.3MM$549.6MM |
| Loans | Q3 2019vs Q3 2018 | $220.6MM$233.3MM |
| Deposits | Q3 2019vs Q3 2018 | $448.8MM$442.8MM |
| Equity Capital | Q3 2019vs Q3 2018 | $106.7MM$99.7MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $4.7MM$4.6MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $508.00K$335.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $401.00K$544.00K |
Rates
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