The Bank of Southside Virginia, Financial Information

AboutThe Bank of Southside Virginia

 Address:
17208 Halligan Park Rd.
Carson,VA
Dinwiddie County,Virginia
 Established:
Aug 1911
 Number of domestic offices:
15
Total assets$636M
Net income$6M
Net income,quarterly$2M
Total deposits$519M
Domestic deposits$519M
Equity capital$107M
ROA0.97%
ROAQ,quarterly1.1%
ROA,pretax1.1%
ROAQ,quarterly,pretax1.16%
ROE5.48%
ROEQ,quarterly6.31%
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.

The Bank of Southside Virginia dates its origins back to 1905 when the Bank of Stony Creek was chartered. In 1911 the Bank of Carson opened for business and in 1919 the Prince George County Bank began operations. These three local banks merged in 1933 to form The Bank of Southside Virginia. The Jarratt Bank opened in the late 1930′s and immediately merged with The Bank of Southside Virginia to expand the organization to four locations.

BSV added two branches in the tri-cities area around Petersburg in 1972. The Rohoic/Edgehill office just west of town on Cox Road in Dinwiddie County opened in May, and the South Crater Road branch in the city of Petersburg opened for business in November of that year.

With an asset size of $484 million and fifteen full-service locations, The Bank of Southside Virginia is both the largest community bank and the largest branch network in the area. The bank serves all or parts of the counties of Dinwiddie, Sussex, Surry, Prince George, Greensville, Southampton, Isle of Wight and Chesterfield; and all or parts of the cities of Petersburg, Emporia, Colonial Heights, Franklin, Smithfield and Chester.

Bauer Financial Reports, Inc. awards The Bank of Southside Virginia five stars – their highest rating. Again, BSV has earned top honors every quarter since Bauer began their ratings. Veribanc, Inc., a well known and highly respected Massachusetts rating service, gives BSV the green / three star designation, their top honor.

IDC Financial Publishing, Inc. awarded its “Best of the Best” to The Bank of Southside Virginia. According to John E. Rickmeier, President of IDC, “This bank has achieved superior investment performance ranking in the top 25% of all banks over the past one, three, and five-year periods.

BSV is a locally owned, full-service commercial bank. The bank attributes its success to high quality customer service, a progressive atmosphere and a commitment to the communities and the people it serves.

Dinwiddie
14003 Boydton Plank Road
Dinwiddie, VA
23841-2501 (804)-469-4109

Greensville/Emporia
1400 West Atlantic Street
Emporia, VA
23847-2845 (434)-634-5115

Chester
4310 West Hundred Road
Chester, VA
23831-1736 (804)-717-8383

Rohoic/Edgehill
26008 Cox Road
Petersburg, VA
23803-6566 (804)-861-3161

Jarratt
211 Jarratt Avenue
Jarratt, VA
23867-0386 (434)-535-8545

Colonial Heights
764 East Ellerslie Avenue
Colonial Heights, VA
23834-1719 (804)-520-0292

Petersburg
2703 South Crater Rd.
Petersburg, VA
23805-2403 (804)-732-1436

Carson
17208 Halligan Park Rd.
Carson, VA
23830-0040 1-800-619-5211

Stony Creek
12441 Main Street
Stony Creek, VA
23882-0069 (434)-246-5241

Prince George
6401 Courthouse Rd.
Prince George, VA
23875-2532 (804)-732-2706

Capron
23003 Main Street
Capron, VA
23829-0125 (434)-658-4121

Boykins
18207 Virginia Avenue
Boykins, VA, 23827-0068
(757)-654-6121 (757)-654-6121

Wakefield
630 North County Drive
Wakefield, VA
23888-2924 (757)-899-7310

Franklin
1310 Armory Drive
Franklin, VA
23851-2400 (757)-562-6722