The Kansas City Business Journal recently named Nodaway Valley Bank one of Kansas City’s Top Five Strongest Banks with assets of $1 billion or more, based on asset quality, core capital ratio, loan to deposit ratio, total loans and leases, estimated percentage of insured deposits and income.
“Kansas City has a lot of large banks, but having more than $1 billion in assets and a well-known brand doesn’t automatically mean they’re all strong institutions,” commented Business Journal Staff Writer James Dornbrook.
A relative newcomer to the Kansas City Northland, Nodaway Valley Bank opened branches in Platte City and Smithville in 2020. The bank’s first major expansion outside of Nodaway County occurred with a new branch in Savannah in 1990, followed by St. Joseph in 1995 and Mound City in 2007.
Chairman and CEO James G. Robinson believes the bank’s increasing geographic base is an important part of its long-term financial strength. “Each of our markets has a distinct mix of economic activity which has allowed us to diversify our loan portfolio. We’ve also made a point of hiring local people to manage those markets and we empower them to make good decisions on behalf of the bank.”
As of December 31, 2023, the bank reported $897 million in commercial, agricultural and real estate loans, including $246 million generated in the Kansas City area. NVB was named the No. 1 bank in Missouri on the “Forbes” list of “Best-In-State Banks for 2023.
