Northern Neck State Bank

Headquarters

5839 Richmond Rd
Warsaw, VA 22572
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Northern Neck State Bank is an FDIC insured institution located in Warsaw, VA. It was founded in 1909 and has approximately $0.34 billion in assets.

FDIC Insured Yes
FDIC Certificate # 9991
Date Established 1909
Assets $ 342.01 million
Loans $ 219.06 million
Deposits $ 294.35 million
Capital $ 33.29 million
 

For a more detailed analysis of Northern Neck State Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 16, 2021

Your Current Location: Virginia, VA 20146

 

Loan Rates - September 16, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Northern Neck State Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
PADDIO
NMLS ID: 1907
2.798% 2.750%
-0.38 points
$1,562 fees
$1,021 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.773% 2.750%
0.25 points
$758 fees
$1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Northern Neck State Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Northern Neck State Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Northern Neck State Bank Locations


Financial Details

Northern Neck State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Northern Neck State Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Northern Neck State Bank U.S. Bank Average
12.29% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, Northern Neck State Bank had $3,963,000 in non-current loans and $410,000 in owned real estate. To cover these potential losses it had $33,287,000 in equity and $2,289,000 in loans loss reserves. That gives it a Texas Ratio of 12.29%.

Return on Equity
Northern Neck State Bank U.S. Bank Average
10.14% 11.43%

Northern Neck State Bank has a Return on Equity of 10.14% versus the BestCashCow average of 11.43%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Northern Neck State Bank U.S. Bank Average
9.73% 11.51%

Northern Neck State Bank has a Capitalization of 9.73% versus the BestCashCow average of 11.51. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Northern Neck State Bank Balance Sheet Analysis

As of November 30, -0001, Northern Neck State Bank had assets of $342,013,000, loans of $219,059,000, and deposits of $294,353,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2021
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 219.06 million
Loan loss allowance $ 2.29 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.41 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 294.35 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 342.01 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Northern Neck State Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Northern Neck State Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Northern Neck State Bank

Branches and Savings

Is Northern Neck State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #9991.

Why does Northern Neck State Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Northern Neck State Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Northern Neck State Bank a commercial bank?

Yes

Where are Northern Neck State Bank locations?

See branch locations nearby.

Is Northern Neck State Bank open on Saturdays?

Is Northern Neck State Bank open on Sundays?

What time does Northern Neck State Bank open?

What time does Northern Neck State Bank close?

Are Northern Neck State Bank ATMs Open 24/7?

Do Northern Neck State Bank ATMs accept cash deposits?

Can Northern Neck State Bank customers use other ATMs?

Do Northern Neck State Bank branches have notaries?

Will Northern Neck State Bank notarize my document?

What address for Northern Neck State Bank should I put for incoming ACH transfers?

Will the Northern Neck State Bank branch print checks?

Do Northern Neck State Bank checks expire?

Does Northern Neck State Bank require US citizenship to open account?

Can Northern Neck State Bank close my account?

Does Northern Neck State Bank Report to credit bureaus?

Does Northern Neck State Bank Use Equifax?

What is Northern Neck State Bank's ACH Routing Number?

What is Northern Neck State Bank's SWIFT code?

Products

Does Northern Neck State Bank offer mortgages?

Compare mortgage rates here.

Does Northern Neck State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Northern Neck State Bank offer personal loans?

Compare personal loan rates here.

Does Northern Neck State Bank offer student loans?

Will Northern Neck State Bank cash a check?

Will Northern Neck State Bank redeem a savings bond?

Does Northern Neck State Bank cash savings bonds?

Will Northern Neck State Bank cash money orders?

Can Northern Neck State Bank issue a money order?

Does Northern Neck State Bank do currency exchange?

Background on The Bank

Who owns Northern Neck State Bank?

How long has Northern Neck State Bank been around?

Can Northern Neck State Bank transfer to other banks?

Does Northern Neck State Bank have quick pay?

Does Northern Neck State Bank accept rolled coins?

Will Northern Neck State Bank accept loose change?

Where is Northern Neck State Bank headquarters?

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