Blue Ridge Bank

Headquarters

17 West Main Street
Luray, VA 22835
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Blue Ridge Bank is an FDIC insured institution located in Luray, VA. It was founded in 1893 and has approximately $0.3 billion in assets.

FDIC Insured Yes
FDIC Certificate # 6872
Date Established 1893
Assets $ 282.62 million
Loans $ 225.16 million
Deposits $ 225.29 million
Capital $ 30.20 million
 

For a more detailed analysis of Blue Ridge Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 20, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - September 20, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Blue Ridge Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
PADDIO
NMLS ID: 1907
2.808% 2.750%
-0.25 points
$1,875 fees
$1,021 Learn More
First Internet Bank
NMLS ID: 424182
2.656% 2.625%
0.38 points
$1,032 fees
$1,005 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Blue Ridge Bank
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Branches

Blue Ridge Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Blue Ridge Bank Locations


Financial Details

Blue Ridge Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Blue Ridge Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Blue Ridge Bank U.S. Bank Average
1.05% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, Blue Ridge Bank had $343,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $30,199,000 in equity and $2,428,000 in loans loss reserves. That gives it a Texas Ratio of 1.05%.

Return on Equity
Blue Ridge Bank U.S. Bank Average
9.45% 11.43%

Blue Ridge Bank has a Return on Equity of 9.45% versus the BestCashCow average of 11.43%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Blue Ridge Bank U.S. Bank Average
10.69% 11.51%

Blue Ridge Bank has a Capitalization of 10.69% versus the BestCashCow average of 11.51. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Blue Ridge Bank Balance Sheet Analysis

As of June 30, 2016, Blue Ridge Bank had assets of $296,376,000, loans of $225,159,000, and deposits of $225,293,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2021
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 225.16 million
Loan loss allowance $ 2.43 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 225.29 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 282.62 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Blue Ridge Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Virginia, Blue Ridge Bank has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 45.75
Multifamily
Mortgages
3.43
Credit Card Loans 0.03
Consumer Auto Loans 5.57
Small Business Loans 9.34
Construction and Development Loans 7.48
Commercial Real Estate 22.45
Commercial and Industrial Loans 8.36
Farm Loans 0.05

Frequently Asked Questions About Blue Ridge Bank

Branches and Savings

Is Blue Ridge Bank FDIC insured?

Yes. It is covered under FDIC Certificate #6872.

Why does Blue Ridge Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Blue Ridge Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Blue Ridge Bank a commercial bank?

Yes

Where are Blue Ridge Bank locations?

See branch locations nearby.

Is Blue Ridge Bank open on Saturdays?

Is Blue Ridge Bank open on Sundays?

What time does Blue Ridge Bank open?

What time does Blue Ridge Bank close?

Are Blue Ridge Bank ATMs Open 24/7?

Do Blue Ridge Bank ATMs accept cash deposits?

Can Blue Ridge Bank customers use other ATMs?

Do Blue Ridge Bank branches have notaries?

Will Blue Ridge Bank notarize my document?

What address for Blue Ridge Bank should I put for incoming ACH transfers?

Will the Blue Ridge Bank branch print checks?

Do Blue Ridge Bank checks expire?

Does Blue Ridge Bank require US citizenship to open account?

Can Blue Ridge Bank close my account?

Does Blue Ridge Bank Report to credit bureaus?

Does Blue Ridge Bank Use Equifax?

What is Blue Ridge Bank's ACH Routing Number?

What is Blue Ridge Bank's SWIFT code?

Products

Does Blue Ridge Bank offer mortgages?

Compare mortgage rates here.

Does Blue Ridge Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Blue Ridge Bank offer personal loans?

Compare personal loan rates here.

Does Blue Ridge Bank offer student loans?

Will Blue Ridge Bank cash a check?

Will Blue Ridge Bank redeem a savings bond?

Does Blue Ridge Bank cash savings bonds?

Will Blue Ridge Bank cash money orders?

Can Blue Ridge Bank issue a money order?

Does Blue Ridge Bank do currency exchange?

Background on The Bank

Who owns Blue Ridge Bank?

How long has Blue Ridge Bank been around?

Can Blue Ridge Bank transfer to other banks?

Does Blue Ridge Bank have quick pay?

Does Blue Ridge Bank accept rolled coins?

Will Blue Ridge Bank accept loose change?

Where is Blue Ridge Bank headquarters?

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