Northern State Bank
Ashland, WI · Owner: Bay Area Banking Shares Inc
$331M
total assets, June 30, 2026
$331M
total assets, June 30, 2026
Northern State Bank is a state nonmember bank based in Ashland, WI, owned by Bay Area Banking Shares Inc. As of June 30, 2026 it held $330.8 million in assets and $297.1 million in deposits; assets were up 8.2% from a year before. It has 7 branches in 2 states.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$331M
+8.2% in a year · +0.6% in a quarter
Deposits
$297M
+8.7% in a year · +0.5% in a quarter
Loans
$156M
-1.1% in a year · +4.2% in a quarter
Profit so far
$2.7M
Jan 1 to Jun 30, 2026 · -12.6% in a year
Capital ratio
9.92%
-0.36 pts in a year
Return on assets
1.66%
-0.39 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 321 Main St W, Ashland, WI, 54806
- County
- Ashland
- Holding company
- Bay Area Banking Shares Inc
- Established
- Sep 5, 1933
- Employees
- 49
- Branches
- 7 in 2 states
- Website
- www.nsbashland.com
- Id
- b15242
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
7 offices as of June 30, 2026, holding $297.1 million in deposits
Branch map
Every branch, sized by its deposits
| Largest branches | Place | Deposits |
|---|---|---|
| Northern State Bank (main office) | Ashland, WI | $224M |
| Aurora Branch | Aurora, MN | $23.1M |
| Mellen Branch | Mellen, WI | $14.0M |
| Washburn Iga Branch | Washburn, WI | $13.4M |
| Butternut Branch | Butternut, WI | $13.0M |
| Glidden Branch | Glidden, WI | $9.9M |
| Auto Bank Facility | Ashland, WI | $0 |
Related pages
Questions and answers
How big is Northern State Bank?
$330.8 million in total assets and $297.1 million in deposits as of June 30, 2026, with assets up 8.2% from a year before. Its loans were $156.4 million.
How many branches does Northern State Bank have?
7 branches in 2 states as of June 30, 2026. The most deposits are in Wisconsin ($274.0 million).
Is Northern State Bank profitable?
Yes: it earned $2.74 million from January 1 to June 30, 2026 (down 12.6% from the same months a year before). Its return on assets was 1.66% a year; about 1% is typical.
Who owns Northern State Bank?
Northern State Bank is owned by Bay Area Banking Shares Inc, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.