Northside Bank

Headquarters

7741 Adairsville Highway
Adairsville, GA 30103
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Northside Bank is an FDIC insured institution located in Adairsville, GA. It was founded in 2005 and has approximately $0.13 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 57994
Date Established 2005
Assets $ 129.94 million
Loans $ 84.16 million
Deposits $ 119.61 million
Capital $ 11.18 million
 

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

Deposit Rates - September 26, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 26, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Northside 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,102 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Northside Bank
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Branches

Northside 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


Northside Bank Locations


Financial Details

Northside Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Northside 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
Northside Bank U.S. Bank Average
31.74% 6.94%

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, 2020, Northside Bank had $1,755,000 in non-current loans and $2,147,000 in owned real estate. To cover these potential losses it had $11,181,000 in equity and $1,114,000 in loans loss reserves. That gives it a Texas Ratio of 31.74%.

Return on Equity
Northside Bank U.S. Bank Average
-0.88% 7.80%

Northside Bank has a Return on Equity of -0.88% versus the BestCashCow average of 7.80%. 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
Northside Bank U.S. Bank Average
8.6% 12.68%

Northside Bank has a Capitalization of 8.6% versus the BestCashCow average of 12.68. 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.

Northside Bank Balance Sheet Analysis

As of June 30, 2019, Northside Bank had assets of $131,385,000, loans of $84,156,000, and deposits of $119,606,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 20.48 million
Interest-bearing balances $ 17.47 million
Total securities $ 14.23 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 84.16 million
Loan loss allowance $ 1.11 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.15 million
Goodwill and other intangibles $ 0.46 million
All other assets $ 3.74 million
     Total Assets $ 120.20 million
LIABILITIES
Total deposits $ 119.61 million
      Interest-bearing deposits $ 88.85 million
      Deposits held in domestic offices $ 119.61 million
      % insured (estimated) 82.55%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.60 million
      Total Liabilities $ 120.20 million
      Shareholders’ Equity $ 9.74 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.91 million
Total Interest Expense $ 0.44 million
Net interest income $ 2.47 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.62 million
Total non interest expense $ 3.05 million
Pre-tax Net Operating Income $ 0.01 million

Bank Loan Profile?

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

Compared to other banks in Georgia, Northside Bank has a significantly higher percent of Small Business 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 34.80
Multifamily
Mortgages
2.66
Credit Card Loans 0.00
Consumer Auto Loans 0.20
Small Business Loans 17.90
Construction and Development Loans 16.86
Commercial Real Estate 38.39
Commercial and Industrial Loans 6.59
Farm Loans 0.00

Frequently Asked Questions About Northside Bank

Branches and Savings

Is Northside Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57994.

Why does Northside Bank pay such low interest on savings accounts?

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

Why are Northside Bank CD rates not competitive?

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

Is Northside Bank a commercial bank?

Yes

Where are Northside Bank locations?

See branch locations nearby.

Is Northside Bank open on Saturdays?

Is Northside Bank open on Sundays?

What time does Northside Bank open?

What time does Northside Bank close?

Are Northside Bank ATMs Open 24/7?

Do Northside Bank ATMs accept cash deposits?

Can Northside Bank customers use other ATMs?

Do Northside Bank branches have notaries?

Will Northside Bank notarize my document?

What address for Northside Bank should I put for incoming ACH transfers?

Will the Northside Bank branch print checks?

Do Northside Bank checks expire?

Does Northside Bank require US citizenship to open account?

Can Northside Bank close my account?

Does Northside Bank Report to credit bureaus?

Does Northside Bank Use Equifax?

What is Northside Bank's ACH Routing Number?

What is Northside Bank's SWIFT code?

Products

Does Northside Bank offer mortgages?

Compare mortgage rates here.

Does Northside Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Northside Bank offer personal loans?

Compare personal loan rates here.

Does Northside Bank offer student loans?

Will Northside Bank cash a check?

Will Northside Bank redeem a savings bond?

Does Northside Bank cash savings bonds?

Will Northside Bank cash money orders?

Can Northside Bank issue a money order?

Does Northside Bank do currency exchange?

Background on The Bank

Who owns Northside Bank?

How long has Northside Bank been around?

Can Northside Bank transfer to other banks?

Does Northside Bank have quick pay?

Does Northside Bank accept rolled coins?

Will Northside Bank accept loose change?

Where is Northside Bank headquarters?

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