The Northern State Bank Of Gonvick is a bank based in Gonvick, Minnesota, established in 1928, with $53 million in total assets across 1 branch. By Trust Grade it ranks 7th of 224 banks we track in Minnesota. Its capital ratio of 14.9% is stronger than 72% of similarly sized banks, versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.50% return on assets. No consumer complaints against The Northern State Bank Of Gonvick appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How The Northern State Bank Of Gonvick compares to Minnesota peers
How we graded The Northern State Bank Of Gonvick
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (14.9% capital ratio)
- Strongly profitable (ROA 1.50%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for The Northern State Bank Of Gonvick over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (1)
- 283 Main St, Gonvick, MN 56644
Are deposits at The Northern State Bank Of Gonvick insured?
Yes. The Northern State Bank Of Gonvick is an FDIC-insured bank (FDIC certificate #10187). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
The Northern State Bank Of Gonvick: frequently asked questions
Is The Northern State Bank Of Gonvick a good bank?
The Northern State Bank Of Gonvick earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (14.9% capital ratio); Strongly profitable (ROA 1.50%).
Is The Northern State Bank Of Gonvick FDIC-insured?
Yes. The Northern State Bank Of Gonvick is a FDIC-insured bank (FDIC certificate #10187). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is The Northern State Bank Of Gonvick?
The Northern State Bank Of Gonvick holds $53 million in total assets, ranking 7th of 224 banks we track in Minnesota. It operates 1 branch.
Does The Northern State Bank Of Gonvick have CFPB complaints?
No CFPB complaints against The Northern State Bank Of Gonvick appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
