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 37th largest bank in the state of Virginia. It is also the 1,379th largest bank in the nation. It was established in 1911 and as of June of 2021, it had grown to 72 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 - YTD0.79%
Return on Equity - YTD4.79%
Annual Interest Income$8.5MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$659.0MM$621.2MM
LoansQ2 2021vs Q2 2020$187.4MM$215.4MM
DepositsQ2 2021vs Q2 2020$541.7MM$503.5MM
Equity CapitalQ2 2021vs Q2 2020$108.2MM$108.5MM
Loan Loss AllowanceQ2 2021vs Q2 2020$4.6MM$4.5MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$374.00K$166.00K
Real Estate OwnedQ2 2021vs Q2 2020$214.00K$318.00K

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