Northern State Bank
Ashland, WI
IDRSSD: 625757
Total Assets
$330.95M
Latest filing
Total Deposits
$297.06M
Latest filing
Net Interest Margin
3.94%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Northern State Bank
321 Main St W
Ashland, WI 54806
Full Service - Brick and Mortar
Updated 01/30/2026Established 09/05/1933FDIC Certificate 9594
Branches (6)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Northern State Bank (Main) | 321 Main St W | Ashland, WI |
| BUTTERNUT BRANCH | 200 West Main Street | Butternut, WI |
| GLIDDEN BRANCH | 85 N Grant St | Glidden, WI |
| MELLEN BRANCH | 103 N Main St | Mellen, WI |
| AUTO BANK FACILITY | 321 2nd St W | Ashland, WI |
| WASHBURN IGA BRANCH | 226 W Bayfield St | Washburn, WI |
| AURORA BRANCH | 213 Main St N | Aurora, MN |
Showing 6 of 6
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 09/05/1933 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 54806 |
| State and County Number | 55003 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Chicago |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 49 |
| Domestic Offices | 7 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | http://www.nsbashland.com |
| Data Updated | 01/30/2026 |
| CERT | 15242 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $330.95M |
| Total Deposits | $297.06M |
| Total Liabilities | $297.38M |
| Total Equity Capital | $33.57M |
| Net Income | $1.46M |
| Net Loans and Leases | $153.42M |
| Assets Per Employee ($Millions) | $6.75M |
| Bank Premises and Fixed Assets | $1.92M |
| Cash and Balances due from Depository Institutions | $52.45M |
| Deposits Held in Domestic Offices | $297.06M |
Key Performance Ratios
| Return on Assets (ROA) | 1.77% |
| Return on Equity (ROE) | 17.5% |
| Net Interest Margin | 3.94% |
| Efficiency Ratio | 52.11% |
| Tier 1 Risk-Based Capital Ratio | 17.669% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.18% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 10.145% |
| Earning Assets to total Assets | 93.33% |
Income and Expense
| Total Interest Income | $4.04M |
| Total Noninterest Income | $338.00k |
| Total Interest Expense | $1.00M |
| Total Noninterest Expense | $1.76M |
| Net Interest Income | $3.03M |
| Pre-tax Net Operating Income | $1.46M |
| Provision for Credit Losses | $150.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $2.90M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $313.00k |
| Total Liabilities and Capital | $330.95M |
Securities
| Securities | $109.09M |
| Available-for-sale debt securities | $107.87M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $1.22M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Northern State Bank?
$330.95M as of the latest filing.
How much are Northern State Bank's total deposits?
$297.06M in total deposits.
Where is Northern State Bank located?
Ashland, WI.
What is the Net Interest Margin?
3.94%.
How many domestic offices does it operate?
7.
When was it established?
09/05/1933.
What is the Return on Assets (ROA)?
1.77%.
How much are total loans and leases?
$153.42M (latest filing).
What is the total interest income (latest filing)?
$4.04M.