Peoples State Bank Of Velva is a bank based in Velva, North Dakota, established in 1915, with $206 million in total assets across 2 branches. By Trust Grade it ranks 43rd of 60 banks we track in North Dakota. Its capital ratio of 8.4% trails most similarly sized banks (21th percentile), versus a North Dakota median of 9.5%. It was profitable over the most recent period, with a 1.42% return on assets. No consumer complaints against Peoples State Bank Of Velva appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Peoples State Bank Of Velva compares to North Dakota peers
How we graded Peoples State Bank Of Velva
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.4% capital ratio)
- Strongly profitable (ROA 1.42%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Peoples State Bank Of Velva over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (2)
- 37th Street, Minot, ND 58701
- 101 Main St N, Velva, ND 58790
Are deposits at Peoples State Bank Of Velva insured?
Yes. Peoples State Bank Of Velva is an FDIC-insured bank (FDIC certificate #10250). 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.
Peoples State Bank Of Velva: frequently asked questions
Is Peoples State Bank Of Velva a good bank?
Peoples State Bank Of Velva earns a Bankzia Trust Grade of A (92/100, "Excellent"), based on a financial-strength score of 92/100 (it has no CFPB complaints on record). Well-capitalized (8.4% capital ratio); Strongly profitable (ROA 1.42%).
Is Peoples State Bank Of Velva FDIC-insured?
Yes. Peoples State Bank Of Velva is a FDIC-insured bank (FDIC certificate #10250). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Peoples State Bank Of Velva?
Peoples State Bank Of Velva holds $206 million in total assets, ranking 43rd of 60 banks we track in North Dakota. It operates 2 branches.
Does Peoples State Bank Of Velva have CFPB complaints?
No CFPB complaints against Peoples State Bank Of Velva 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.
