Northern State Bank

321 West Main Street
Ashland, WI 54806

Notable Rates APY Vs.Others
Savings 0.10% 2.60% →
1-Year CD 1.26% 2.30% →
2-Year CD N.A. 2.50% →
5-Year CD 2.07% 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Northern State Bank is an FDIC insured institution located in Ashland, WI. It was founded in 1933 and has approximately $0.23 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 15242
Date Established 1933
Assets $0.23 billion
Loans $0.15 billion
Deposits $0.21 billion
Capital $0.02 billion

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

Deposit Rates - November 15, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1,500 - Learn MoreShow Less
Premium Money Market Account
0.50% $10,000 - Learn MoreShow Less
3 Mo CD
0.25% $5,000 - Learn MoreShow Less
6 Mo CD
0.50% $5,000 - Learn MoreShow Less
12 Mo CD
1.26% $5,000 - Learn MoreShow Less
18 Mo CD
1.36% $5,000 - Learn MoreShow Less
30 Mo CD
1.46% $5,000 - Learn MoreShow Less
60 Mo CD
2.07% $5,000 - Learn MoreShow Less

Fixed IRA
0.40% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.60% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - November 15, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Northern 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 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
3.657% 3.625% 0.00 $1,012 $1,141 Learn More
NMLS ID: 2890
License#: MC-3098
3.536% 3.500% 0.50 $1,128 $1,123 Learn More
Hamilton National Mortgage Co.
NMLS ID: 122701
3.662% 3.625% 0.50 $1,150 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

Note to Northern State Bank
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Financial Details

Northern State Bank Ratio Analysis

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

Texas Ratio
Northern State Bank U.S. Bank Average
1.05% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2019, Northern State Bank had $252,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $22,616,000 in equity and $1,282,000 in loans loss reserves. That gives it a Texas Ratio of 1.05%.

Return on Equity
Northern State Bank U.S. Bank Average
16.56% 9.50%

Northern State Bank has a Return on Equity of 16.56% versus the BestCashCow average of 9.50%. 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.

Northern State Bank U.S. Bank Average
9.69% 12.76%

Northern State Bank has a Capitalization of 9.69% versus the BestCashCow average of 12.76. 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 State Bank Balance Sheet Analysis

As of June 30, 2019, Northern State Bank had assets of $233,408,000, loans of $152,288,000, and deposits of $210,322,000. 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

June 30, 2019
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.15 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.21 billion
Total deposits $0.21 billion
      Interest-bearing deposits $0.18 billion
      Deposits held in domestic offices $0.21 billion
      % insured (estimated) 81.77%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.21 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

June 30, 2019
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Northern State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Wisconsin, Northern State Bank has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 46.99
Credit Card Loans 0.07
Consumer Auto Loans 0.94
Small Business Loans 10.74
Construction and Development Loans 9.99
Commercial Real Estate 23.09
Commercial and Industrial Loans 9.80
Farm Loans 0.08

Frequently Asked Questions About Northern State Bank

Branches and Savings

Is Northern State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #15242.

Why does Northern 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 State Bank CD rates not competitive?

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

Is Northern State Bank a commercial bank?


Where are Northern State Bank locations?

See branch locations nearby.

Is Northern State Bank open on Saturdays?

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Do Northern State Bank checks expire?

Does Northern State Bank require US citizenship to open account?

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Does Northern State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Northern State Bank offer personal loans?

Compare personal loan rates here.

Does Northern State Bank offer student loans?

Will Northern State Bank cash a check?

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Background on The Bank

Who owns Northern State Bank?

How long has Northern State Bank been around?

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Does Northern State Bank have quick pay?

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