Bank · FDIC insured
Northern State Bank of Virginia
A $102M bank headquartered in Virginia, MN, with 2 branches in Minnesota. Best rates: CDs 0.90% and savings 0.25% APY.
Northern State Bank of Virginia Carrot Score
61
Carrot Score
Higher than 4% of U.S. banks and credit unions
#27 of 29 in Duluth, MN-WI metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Northern State Bank of Virginia
- Headquarters
- 600 Chestnut St, Virginia, MN 55792
- FDIC certificate
- 19589 ↗
Branches
2 branches in Minnesota
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Minnesota
2 branches
- Northern State Bank of VirginiaMain office600 Chestnut St, Virginia, MN 55792Directions
- Northern State Bank Of Virginia Chestnut Branch521 Chestnut St, Virginia, MN 55792Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 10.17% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.00% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.15% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $80 | $81 | — |
- CapitalLeverage ratio10.17%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.00%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.15%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$80Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Northern State Bank of Virginia are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.