Northern State Bank of Virginia
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Data as of · sourced from FFIEC call reports. How we update
Northern State Bank of Virginia is an FDIC-insured commercial bank headquartered in Virginia, MN, established in 1966 (FDIC certificate 19589), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $102.0M, up 2.9% from Q2 2025, the 169th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 15.36% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 19589
- Headquarters
- Virginia, MN
- Established
- 1966
- Total assets, Q2 2026
- $102.0M
- Assets vs Q2 2025
- +2.9%
- CET1 ratio, Q2 2026
- 15.36%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 091214915
- Latest call report
- Q2 2026, FFIEC 051 · Northern State Bank of Virginia call report
- Holding company
- BENIC HOLDINGS, INC.
- Asset rank in state
- 169th of 221 in Minnesota
Northern State Bank of Virginia, based in Virginia, Minnesota, reported $102 million in assets at June 30, 2026, up 2.9% from a year earlier. It carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 of the 2,627 banks with $100 million to $1 billion in assets (median 2.7%). It also keeps 4.71 cents of net interest income on every dollar of earning assets, higher than about three-quarters of banks its size (median 3.96 cents).
As of June 30, 2026, Northern State Bank of Virginia reported a CET1 capital ratio of 15.36%, a return on assets of 0.91%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, Northern State Bank of Virginia is the 169th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 0.1% to $102.0M, loans rose 2.0% and deposits fell 0.3%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 45.3% of total loans, followed by owner-occupied commercial real estate loans at 24.8%. Its 2 offices in the FDIC Summary of Deposits are in Virginia, MN. On its Q2 2026 call report, Northern State Bank of Virginia meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 600 Chestnut St, Virginia, MN 55792
- County
- St. Louis
- Metro Area
- Duluth, MN-WI
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- May 19, 1966
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 16
- Domestic deposits
- $91.2M
- Allowance for credit losses
- $598K
- Net charge-offs (YTD)
- $55K
- Average total assets
- $101.7M
- Average total loans
- $72.0M
- Average interest-bearing deposits
- $73.7M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- May 19, 1966
- FDIC Cert
- 19589
- Fed RSSD
- 774253
- Website
- www.nsbov.com →
- Parent Holding Company
- BENIC HOLDINGS, INC. (RSSD 5217915)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Northern State Bank of Virginia's total assets moved between a low of $98.7M (Q2 2024) and a high of $103.1M (Q3 2025) from Q3 2023 to Q2 2026, and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$102.0M total assets against $99.1M; $91.6M total liabilities against $89.5M.
$72.3M net loans and leases against $68.8M; $91.2M total deposits against $89.1M.
$13.3M securities against $14.7M; $12.7M cash and balances due against $11.8M.
$1.4M total interest income against $1.3M; $300K total interest expense against $388K.
$1.1M net interest income against $907K.
$38K total noninterest income against $39K; $741K total noninterest expense against $694K.
$21K provision for credit losses against $0.
$232K net income against $252K.
0.91% return on assets against 1.03%; 4.71% net interest margin against 3.87%.
15.36% CET1 capital ratio against 15.22%; 10.17% tier 1 leverage ratio against 9.95%.
Inside the full Northern State Bank of Virginia terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeNorthern State Bank of Virginia rankings
Its closest position to the top of a national ranking is 808 of 2,134, for CET1 ratio; its furthest is 3,640 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.80% (Q3 2024) to 1.60% (Q4 2025) and its net interest margin ran from 3.31% (Q3 2024) to 4.71% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.36% | 0.91% | 0.00% | 0.00% | 4.71% |
| Q1 2026 | 15.39% | 1.37% | 0.15% | 1.06% | 4.46% |
| Q4 2025 | 15.09% | 1.60% | 0.16% | 1.15% | 4.29% |
| Q3 2025 | 14.65% | 1.39% | 0.07% | 0.54% | 4.12% |
| Q2 2025 | 15.22% | 1.03% | 0.00% | 0.00% | 3.87% |
| Q1 2025 | 14.61% | 0.91% | 0.00% | 0.00% | 3.63% |
| Q4 2024 | 14.29% | 0.86% | 0.00% | 0.00% | 3.51% |
| Q3 2024 | 13.95% | 0.80% | 0.00% | 0.00% | 3.31% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Northern State Bank of Virginia (main office) | Virginia , MN | 55792 | $91.2M |
| Northern State Bank of Virginia Chestnut Branch | Virginia , MN | 55792 | $1K |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 204 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 16 applications, 15 loans originated, $2.9M originated, across 1 states
- Period: Calendar year 2024. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $2.7M approved, $1.3M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Northern State Bank of Virginia
What are Northern State Bank of Virginia's total assets?
As of the Q2 2026 filing, Northern State Bank of Virginia reported total assets of $102.0 million in its FFIEC call report.
Where is Northern State Bank of Virginia headquartered?
It is headquartered in Virginia, MN, United States.
When was Northern State Bank of Virginia founded?
It was established in 1966, per the FDIC institution directory.
Is Northern State Bank of Virginia FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #19589). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Northern State Bank of Virginia?
Northern State Bank of Virginia's primary federal regulator is the FDIC.
What is Northern State Bank of Virginia's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 15.36% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Northern State Bank of Virginia operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Northern State Bank of Virginia's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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