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Peoples State Bank of Velva, Financial Information

About Peoples State Bank of Velva

 Address:
101 N. Main
Velva, ND
McHenry County, North Dakota
 Established:
Jan 1915
 Number of domestic offices:
2
Agriculture bank
Total assets$130M
Net income$1M
Net income, quarterly$0M
Total deposits$114M
Domestic deposits$114M
Equity capital$12M
ROA1.02%
ROAQ, quarterly0.91%
ROA, pretax0.91%
ROAQ, quarterly, pretax0.91%
ROE10.72%
ROEQ, quarterly9.72%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

For nearly 100 years, Peoples State Bank of Velva has served the financial needs of the region with outstanding products, quality loans, and excellent customer service. Established in 1915 to serve the community of Velva, Peoples State Bank has since grown to include Minot and the surrounding region.

In May of 2009, construction began on Peoples State Bank of Velva’s second location in Minot. By November of that same year the bank was open for business. The design of this branch is very unique with stand alone teller islands and a beautiful panoramic landscape scene on display.

Velva Office
101 N. Main St
PO Box 40
Velva, ND 58790
Phone: 701-338-2821
Fax: 701-338-2248

Minot Office
405 37th Ave SW
PO Box 1907
Minot, ND 58702
Phone: 701-852-0328
Fax: 701-852-0283

Historical Data