Northern State Bank

321 West Main Street
Ashland, WI 54806


2019 Overview

General Bank Information

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

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.

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 - August 25, 2019

Your Current Location: Connecticut, CT 06828

There are currently no rates available for Northern State Bank, but see these great savings and CD rates:

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Loan Rates - August 25, 2019

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 13256
3.529% 3.500% 0.38 $898 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

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Third Federal Savings and Loans
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4.240 %
$0 Learn More
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Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.500 %
Intro Period: 12 months
$25,000 Learn More
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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
1.52% 6.94%

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 March 31, 2019, Northern State Bank had $252,000 in non-current loans and $101,000 in owned real estate. To cover these potential losses it had $21,937,000 in equity and $1,250,000 in loans loss reserves. That gives it a Texas Ratio of 1.52%.

Return on Equity
Northern State Bank U.S. Bank Average
18.11% 9.47%

Northern State Bank has a Return on Equity of 18.11% versus the BestCashCow average of 9.47%. 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
9.44% 12.49%

Northern State Bank has a Capitalization of 9.44% versus the BestCashCow average of 12.49. 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 March 31, 2019, Northern State Bank had assets of $232,488,000, loans of $150,275,000, and deposits of $210,213,000. 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, 2019
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 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 $0.19 billion
      Deposits held in domestic offices $0.21 billion
      % insured (estimated) 82.43%
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

March 31, 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 Construction and Development Loans.

Compared to other banks in Wisconsin, Northern State Bank has a significantly higher percent of 1-4 Family Residential Loans, Construction and Development 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 47.09
Credit Card Loans 0.07
Consumer Auto Loans 0.90
Small Business Loans 0.00
Construction and Development Loans 12.31
Commercial Real Estate 20.82
Commercial and Industrial Loans 9.51
Farm Loans 0.06

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?

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Why are Northern State Bank CD rates not competitive?

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Is Northern State Bank a commercial bank?


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Does Northern State Bank offer mortgages?

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

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Does Northern State Bank offer personal loans?

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Background on The Bank

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How long has Northern State Bank been around?

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