Northern State Bank of Virginia

600 Chestnut Street
Virginia, MN 55792

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 19589
Date Established 1966
Assets $0.07 billion
Loans $0.05 billion
Deposits $0.06 billion
Capital $0.01 billion

Northern State Bank of Virginia is an FDIC insured institution located in Virginia, MN. It was founded in 1966 and has approximately $0.07 billion in assets. Customers can open an account at one of its 2 branches.

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

Bank Loan Profile?

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

Compared to other banks in Minnesota, Northern State Bank of Virginia 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 57.46
Multifamily
Mortgages
0.46
Credit Card Loans 0.00
Consumer Auto Loans 1.86
Small Business Loans 12.26
Construction and Development Loans 8.60
Commercial Real Estate 17.45
Commercial and Industrial Loans 13.44
Farm Loans 0.00

Deposit Rates - May 24, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.12% $1,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $24,999 Learn MoreShow Less
3 Mo CD
0.20% $25,000 - Learn MoreShow Less
6 Mo CD
0.30% $10,000 $24,999 Learn MoreShow Less
6 Mo CD
0.35% $25,000 - Learn MoreShow Less
Special: 7 Mo CD
0.35% $5,000 - Learn MoreShow Less
12 Mo CD
0.45% $10,000 $24,999 Learn MoreShow Less
12 Mo CD
0.50% $25,000 - Learn MoreShow Less
Special: 14 Mo CD
0.50% $5,000 - Learn MoreShow Less
18 Mo CD
0.45% $10,000 $24,999 Learn MoreShow Less
18 Mo CD
0.50% $25,000 - Learn MoreShow Less
Special: 21 Mo CD
0.70% $5,000 - Learn MoreShow Less
24 Mo CD
0.60% $10,000 $24,999 Learn MoreShow Less
24 Mo CD
0.65% $25,000 - Learn MoreShow Less
30 Mo CD
0.60% $10,000 $24,999 Learn MoreShow Less
36 Mo CD
0.75% $10,000 $24,999 Learn MoreShow Less
36 Mo CD
0.80% $25,000 - Learn MoreShow Less
48 Mo CD
0.90% $10,000 $24,999 Learn MoreShow Less
48 Mo CD
0.95% $25,000 - Learn MoreShow Less
60 Mo CD
1.05% $10,000 $24,999 Learn MoreShow Less
60 Mo CD
1.10% $25,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.85% $50 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 $99,999 Learn MoreShow Less

Loan Rates - May 24, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Northern State Bank of Virginia

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
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.750% 4.750% 0.00 $0 $1,305 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.250% 5.250% 0.00 $0 $1,381 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
3.902% 3.875% 0.38 $832 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

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

Branches

Northern State Bank of Virginia 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 State Bank of Virginia Locations


Financial Details

Northern State Bank of Virginia Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Northern State Bank of Virginia. 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 State Bank of Virginia U.S. Bank Average
0% 6.97%

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 December 31, 2018, Northern State Bank of Virginia had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $8,093,000 in equity and $478,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Northern State Bank of Virginia U.S. Bank Average
15.64% 8.80%

Northern State Bank of Virginia has a Return on Equity of 15.64% versus the BestCashCow average of 8.80%. 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 State Bank of Virginia U.S. Bank Average
11.25% 12.29%

Northern State Bank of Virginia has a Capitalization of 11.25% versus the BestCashCow average of 12.29. 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 of Virginia Balance Sheet Analysis

As of December 31, 2018, Northern State Bank of Virginia had assets of $71,954,000, loans of $49,208,000, and deposits of $63,812,000. 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

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.05 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 $0.00 billion
     Total Assets $0.06 billion
LIABILITIES
Total deposits $0.06 billion
      Interest-bearing deposits $0.05 billion
      Deposits held in domestic offices $0.06 billion
      % insured (estimated) 77.82%
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 $0.06 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
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

Frequently Asked Questions About Northern State Bank Of Virginia

Branches and Savings

Is Northern State Bank Of Virginia FDIC insured?

Yes. It is covered under FDIC Certificate #19589.

Why does Northern State Bank Of Virginia 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 Of Virginia CD rates not competitive?

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

Is Northern State Bank Of Virginia a commercial bank?

Yes

Where are Northern State Bank Of Virginia locations?

See branch locations nearby.

Is Northern State Bank Of Virginia open on Saturdays?

Is Northern State Bank Of Virginia open on Sundays?

What time does Northern State Bank Of Virginia open?

What time does Northern State Bank Of Virginia close?

Are Northern State Bank Of Virginia ATMs Open 24/7?

Do Northern State Bank Of Virginia ATMs accept cash deposits?

Can Northern State Bank Of Virginia customers use other ATMs?

Do Northern State Bank Of Virginia branches have notaries?

Will Northern State Bank Of Virginia notarize my document?

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

Will the Northern State Bank Of Virginia branch print checks?

Do Northern State Bank Of Virginia checks expire?

Does Northern State Bank Of Virginia require US citizenship to open account?

Can Northern State Bank Of Virginia close my account?

Does Northern State Bank Of Virginia Report to credit bureaus?

Does Northern State Bank Of Virginia Use Equifax?

What is Northern State Bank Of Virginia's ACH Routing Number?

What is Northern State Bank Of Virginia's SWIFT code?

Products

Does Northern State Bank Of Virginia offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Northern State Bank Of Virginia offer personal loans?

Compare personal loan rates here.

Does Northern State Bank Of Virginia offer student loans?

Will Northern State Bank Of Virginia cash a check?

Will Northern State Bank Of Virginia redeem a savings bond?

Does Northern State Bank Of Virginia cash savings bonds?

Will Northern State Bank Of Virginia cash money orders?

Can Northern State Bank Of Virginia issue a money order?

Does Northern State Bank Of Virginia do currency exchange?

Background on The Bank

Who owns Northern State Bank Of Virginia?

How long has Northern State Bank Of Virginia been around?

Can Northern State Bank Of Virginia transfer to other banks?

Does Northern State Bank Of Virginia have quick pay?

Does Northern State Bank Of Virginia accept rolled coins?

Will Northern State Bank Of Virginia accept loose change?

Where is Northern State Bank Of Virginia headquarters?

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