Northern State Bank of Virginia: how it compares with its peers
Against 85 MN banks with half to twice its assets, Northern State Bank of Virginia's strongest measure in Q2 2026 is net interest margin (4.65% vs. a 4.12% peer median). Its weakest relative measure is assets per employee ($6.4M vs. $7.1M).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.15% | 1.21% | Middle third Ahead of 46% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.65% | 4.12% | Top third Ahead of 80% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 60.88% | 61.67% | Middle third Ahead of 55% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.4M | $7.1M | Middle third Ahead of 41% of peers |
| Loans to deposits Net loans and leases over total deposits. | 79.21% | 79.75% | Context |
What it means for lending operations
Its efficiency ratio of 60.88% is better than the 61.67% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Community Bank Owatonna Owatonna, MN · $103M
- Currie State Bank Currie, MN · $100M
- Janesville State Bank Janesville, MN · $99M
- Hometown Community Bank Cyrus, MN · $106M
- First State Bank Minnesota Le Roy, MN · $106M
- The First National Bank of Osakis Osakis, MN · $98M
Questions about Northern State Bank of Virginia
How big is Northern State Bank of Virginia?
Northern State Bank of Virginia, established in 1966, is headquartered in Virginia, MN. It reported $102M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is Northern State Bank of Virginia's return on assets?
1.15% annualized in Q2 2026, against a 1.21% median for 85 MN banks with half to twice its assets, ahead of 46% of them.
What is Northern State Bank of Virginia's efficiency ratio?
60.88% in Q2 2026: it spent about 61 cents in noninterest expense for each dollar of revenue. The peer median is 61.67%, and lower is better.
Is Northern State Bank of Virginia growing its loans?
Net loans grew 5.1% over the year to Q2 2026, while deposits grew 2.3%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MN banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Minnesota bank ranked.