Blue Ridge Bank, National Association

Headquarters

1 East Market Street
Martinsville, VA 24112
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.03% 1.05% →
1-Year CD 0.30% 1.05% →
2-Year CD 0.50% 1.11% →
5-Year CD 0.50% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Blue Ridge Bank, National Association is an FDIC insured institution located in Martinsville, VA. It was founded in 2000 and has approximately $1.03 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 35274
Date Established 2000
Assets $ 1,025.49 million
Loans $ 756.06 million
Deposits $ 769.60 million
Capital $ 98.53 million
 

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

Deposit Rates - August 12, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.03% $2,500 $4,999 Learn More
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.01% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.30% $100,000 $199,999 Learn More
18 Mo CD
0.35% $10,000 $14,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
30 Mo CD
0.50% $10,000 $14,999 Learn More
30 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.50% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Special:
0.20% $100 $100,000 Learn MoreShow Less
Special:
1.00% $100 $15,000 Learn MoreShow Less
Special:
0.05% $100,001 - Learn MoreShow Less

Loan Rates - August 12, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Blue Ridge Bank, National Association

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to Blue Ridge Bank, National Association
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Blue Ridge Bank, National Association 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:
Ashburn,Virginia


Blue Ridge Bank, National Association Locations


Financial Details

Blue Ridge Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Blue Ridge Bank, National Association. 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, National Association U.S. Bank Average
4.95% 6.94%

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, 2020, Blue Ridge Bank, National Association had $5,121,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $98,525,000 in equity and $4,897,000 in loans loss reserves. That gives it a Texas Ratio of 4.95%.

Return on Equity
Blue Ridge Bank, National Association U.S. Bank Average
4.71% 7.80%

Blue Ridge Bank, National Association has a Return on Equity of 4.71% versus the BestCashCow average of 7.80%. 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, National Association U.S. Bank Average
9.61% 12.68%

Blue Ridge Bank, National Association has a Capitalization of 9.61% versus the BestCashCow average of 12.68. 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, National Association Balance Sheet Analysis

As of March 31, 2020, Blue Ridge Bank, National Association had assets of $1,025,492,000, loans of $756,057,000, and deposits of $769,603,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 67.16 million
Interest-bearing balances $ 61.10 million
Total securities $ 110.15 million
Federal funds sold and reverse repurchase $ 0.16 million
Net loans and leases $ 756.06 million
Loan loss allowance $ 4.90 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 23.46 million
All other assets $ 48.03 million
     Total Assets $ 926.97 million
LIABILITIES
Total deposits $ 769.60 million
      Interest-bearing deposits $ 591.25 million
      Deposits held in domestic offices $ 769.60 million
      % insured (estimated) 71.62%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 147.34 million
Subordinated debt N.A.
All other liabilities $ 10.02 million
      Total Liabilities $ 926.97 million
      Shareholders’ Equity $ 98.53 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 10.51 million
Total Interest Expense $ 2.22 million
Net interest income $ 8.28 million
Provision for loan and lease losses $ 0.58 million
Total non interest income $ 5.01 million
Total non interest expense $ 11.22 million
Pre-tax Net Operating Income $ 1.49 million

Bank Loan Profile?

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

Compared to other banks, Blue Ridge Bank, National Association’s loan portfolio does not show any specific loan specialty.

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 40.36
Multifamily
Mortgages
3.31
Credit Card Loans 0.06
Consumer Auto Loans 3.43
Small Business Loans 0.00
Construction and Development Loans 9.22
Commercial Real Estate 30.62
Commercial and Industrial Loans 10.10
Farm Loans 0.04

Frequently Asked Questions About Blue Ridge Bank, National Association

Branches and Savings

Is Blue Ridge Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #35274.

Why does Blue Ridge Bank, National Association 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, National Association CD rates not competitive?

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

Is Blue Ridge Bank, National Association a commercial bank?

Yes

Where are Blue Ridge Bank, National Association locations?

See branch locations nearby.

Is Blue Ridge Bank, National Association open on Saturdays?

Is Blue Ridge Bank, National Association open on Sundays?

What time does Blue Ridge Bank, National Association open?

What time does Blue Ridge Bank, National Association close?

Are Blue Ridge Bank, National Association ATMs Open 24/7?

Do Blue Ridge Bank, National Association ATMs accept cash deposits?

Can Blue Ridge Bank, National Association customers use other ATMs?

Do Blue Ridge Bank, National Association branches have notaries?

Will Blue Ridge Bank, National Association notarize my document?

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

Will the Blue Ridge Bank, National Association branch print checks?

Do Blue Ridge Bank, National Association checks expire?

Does Blue Ridge Bank, National Association require US citizenship to open account?

Can Blue Ridge Bank, National Association close my account?

Does Blue Ridge Bank, National Association Report to credit bureaus?

Does Blue Ridge Bank, National Association Use Equifax?

What is Blue Ridge Bank, National Association's ACH Routing Number?

What is Blue Ridge Bank, National Association's SWIFT code?

Products

Does Blue Ridge Bank, National Association offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Blue Ridge Bank, National Association offer personal loans?

Compare personal loan rates here.

Does Blue Ridge Bank, National Association offer student loans?

Will Blue Ridge Bank, National Association cash a check?

Will Blue Ridge Bank, National Association redeem a savings bond?

Does Blue Ridge Bank, National Association cash savings bonds?

Will Blue Ridge Bank, National Association cash money orders?

Can Blue Ridge Bank, National Association issue a money order?

Does Blue Ridge Bank, National Association do currency exchange?

Background on The Bank

Who owns Blue Ridge Bank, National Association?

How long has Blue Ridge Bank, National Association been around?

Can Blue Ridge Bank, National Association transfer to other banks?

Does Blue Ridge Bank, National Association have quick pay?

Does Blue Ridge Bank, National Association accept rolled coins?

Will Blue Ridge Bank, National Association accept loose change?

Where is Blue Ridge Bank, National Association headquarters?

Customer Reviews for Blue Ridge Bank, National Association


  • July 20, 2020 |

    This bank is very bad. I am posting my story here now, hoping to make a reference for those friends who want to become their customers.

    I was very excited when I saw Blue Ridge Bank, N.A. on Google because they provide a free checking account. Then I called them on the second working day, but unfortunately, none of them answered my call. I didn’t give up, I emailed them, excitingly, I received their reply via email the next day. Then, I told them my needs and all the problems I faced during the pandemic. Soon I received their reply, and they told me that their free checking account can meet my needs, and those problems I face will not affect me to open a free checking account. I remember very clearly that I confirmed to them twice about these issues, they still told me that these problems would not affect me as their customer. So far I have been very excited and happy. Next, they asked me to submit an account opening application on their website, the second month after my application was submitted, they finally responded to me, and they asked me to send me my IDs to them, and sign an application, and I also deposited 100$ into my new account via wire transfer and paid a wire transfer receiving fee of 16$ (they cannot make deposits through ACH.). Then the next day they sent me the online banking details. All this seems perfect. But unfortunately, the problem started a month later, suddenly they sent me an email and asked me to provide more documents to be able to continue to use my account. I was very surprised and tried to explain to them again the problems I am facing during the pandemic. Then they understood my difficulties and gave me a month to prepare these documents. Unfortunately, during the pandemic, the relevant departments were unable to answer the phone.

    Really, I was very disappointed after I got online banking details, because the UI of their online banking page is very bad and the mobile app is also very difficult to use. In fact, they hope to close my account and I don't feel any pity.

    At the beginning of July, I was suddenly unable to login to my online banking account. Then I sent an email and called them to ask them why. They did not reply to my emails, but just called me back and told me that they would help me to reset my online bank account. And they never told me that my account has been closed, as of today, they have not wanted to refund my money. I am very angry. I have sent them another email and called them. Ah, I just hope they can refund my money.

    If you want to be their customer, please don't trust their sales, because they won't tell you the truth. Put another way, they just want your money.

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