Northern State Bank of Virginia is a state-chartered bank headquartered in Virginia, Minnesota, in business for about 60 years. At the end of Q2 2026 it reported $102.0M in total assets and $91.2M in deposits, with 2 offices.
Based on its Q2 2026 filing, Northern State Bank of Virginia scores 75/100, which we describe as strong. That is higher than 61% of 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 63rd. Its strongest component is loan quality (100/100; 0.00%), and its lowest is capital cushion (52/100; 10.17%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
The score has been essentially flat from Q2 2025 to Q2 2026 (74 → 75).
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 66 |
| Q3 2024 | 68 |
| Q4 2024 | 68 |
| Q1 2025 | 71 |
| Q2 2025 | 74 |
| Q3 2025 | 73 |
| Q4 2025 | 73 |
| Q1 2026 | 75 |
| Q2 2026 | 75 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 8.95% |
| Q3 2024 | 9.02% |
| Q4 2024 | 9.00% |
| Q1 2025 | 9.37% |
| Q2 2025 | 9.95% |
| Q3 2025 | 9.72% |
| Q4 2025 | 9.74% |
| Q1 2026 | 9.89% |
| Q2 2026 | 10.17% |
Show as table
| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.00% |
| Q3 2024 | 0.00% |
| Q4 2024 | 0.00% |
| Q1 2025 | 0.00% |
| Q2 2025 | 0.00% |
| Q3 2025 | 0.07% |
| Q4 2025 | 0.16% |
| Q1 2026 | 0.15% |
| Q2 2026 | 0.00% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.51% |
| Q3 2024 | 0.61% |
| Q4 2024 | 0.67% |
| Q1 2025 | 0.92% |
| Q2 2025 | 0.97% |
| Q3 2025 | 1.10% |
| Q4 2025 | 1.23% |
| Q1 2026 | 1.40% |
| Q2 2026 | 1.15% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 75 | $102.0M | 10.17% | 0.00% | 1.15% | 79.2% |
| Q1 2026 | 75 | $101.9M | 9.89% | 0.15% | 1.40% | 77.3% |
| Q4 2025 | 73 | $101.3M | 9.74% | 0.16% | 1.23% | 78.9% |
| Q3 2025 | 73 | $103.1M | 9.72% | 0.07% | 1.10% | 76.8% |
| Q2 2025 | 74 | $99.1M | 9.95% | 0.00% | 0.97% | 77.1% |
| Q1 2025 | 71 | $99.0M | 9.37% | 0.00% | 0.92% | 79.6% |
| Q4 2024 | 68 | $101.5M | 9.00% | 0.00% | 0.67% | 78.1% |
| Q3 2024 | 68 | $103.1M | 9.02% | 0.00% | 0.61% | 77.4% |
| Q2 2024 | 66 | $98.7M | 8.95% | 0.00% | 0.51% | 81.1% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Community Bank OwatonnaBank Owatonna, MN | 63 out of 100, Moderate | $103.3M | 8.0% | 0.42% | vs |
| Hometown Community BankBank Cyrus, MN | 57 out of 100, Moderate | $105.7M | 9.1% | 1.78% | vs |
| First State Bank MinnesotaBank Le Roy, MN | 76 out of 100, Strong | $105.9M | 11.4% | 0.80% | vs |
| Prairie Sun BankBank Milan, MN | 58 out of 100, Moderate | $107.0M | 9.9% | 1.82% | vs |
| Produce State BankBank Hollandale, MN | 69 out of 100, Moderate | $107.2M | 10.3% | 1.26% | vs |
| Red River State BankBank Halstad, MN | 59 out of 100, Moderate | $110.2M | 15.2% | 8.88% | vs |
Deposit insurance
Is my money safe at Northern State Bank of Virginia?
Yes. Northern State Bank of Virginia is an FDIC-insured institution (FDIC certificate #19589). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 21.5% of deposits ($19.6M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 10.17%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 16.26% (benchmark: 10%).
2 locations
Branches
Northern State Bank of Virginia lists 2 offices in 1 city. Most locations:
- Virginia, MN (2)
Identity & history
Profile
- Legal name
- Northern State Bank of Virginia
- Type
- State-chartered bank
- FDIC certificate #
- 19589
- RSSD ID
- 774253
- Primary regulator
- FDIC
- Holding company
- Benic Holdings Inc
- Established
- May 19, 1966
- Headquarters
- 600 Chestnut St, Virginia, MN 55792
- Website
- www.nsbov.com
- Employees
- 16
Quick answers
Northern State Bank of Virginia: common questions
Is Northern State Bank of Virginia FDIC insured?
Yes. Northern State Bank of Virginia is an FDIC-insured institution (FDIC certificate #19589). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Northern State Bank of Virginia's TellerScore?
75 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Northern State Bank of Virginia ever failed?
There is no failure record for FDIC certificate #19589 in the FDIC failed bank list.
How many branches does Northern State Bank of Virginia have?
2 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Virginia
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Embarrass Vermillion Federal Credit UnionCredit union Aurora, MN | 80 out of 100, Strong | $66.7M | 14.2% | 0.95% | vs |
| Virginia Coop Credit UnionCredit union Virginia, MN | 78 out of 100, Strong | $45.7M | 11.6% | 0.86% | vs |
| Northern State BankBank Ashland, WI | 78 out of 100, Strong | $330.8M | 9.9% | 0.22% | vs |
| The Miners National Bank of EvelethBank Eveleth, MN | 74 out of 100, Strong | $96.6M | 10.1% | 0.00% | vs |
| North Star Credit UnionCredit union Cook, MN | 72 out of 100, Strong | $116.0M | 9.4% | 0.00% | vs |
| Frandsen Bank & TrustBank Lonsdale, MN | 71 out of 100, Strong | $3.7B | 10.0% | 0.71% | vs |