Blue Ridge Savings Bank, Inc.

20 South Pack Square
Asheville, NC 28816

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 32347
Date Established 1978
Assets $0.16 billion
Loans $0.09 billion
Deposits $0.16 billion
Capital $0.00 billion

Blue Ridge Savings Bank, Inc. is an FDIC insured institution located in Asheville, NC. It was founded in 1978 and has approximately $0.16 billion in assets.

Closed by FDIC on October 14, 2011 and assets transferred to Bank of North Carolina.

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

Bank Loan Profile?

The top three loan types in Blue Ridge Savings Bank, Inc.’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Blue Ridge Savings Bank, Inc.’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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Blue Ridge Savings Bank, Inc., but see these great savings and CD rates:


Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Blue Ridge Savings Bank, Inc.

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 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More
Rocket Mortgage
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Blue Ridge Savings Bank, Inc.
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Branches

Blue Ridge Savings Bank, Inc. 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 Savings Bank, Inc. Locations

Financial Details

Blue Ridge Savings Bank, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Blue Ridge Savings Bank, Inc.. 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 Savings Bank, Inc. U.S. Bank Average
826.42% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Blue Ridge Savings Bank, Inc. had $9,875,000 in non-current loans and $41,239,000 in owned real estate. To cover these potential losses it had $1,433,000 in equity and $4,752,000 in loans loss reserves. That gives it a Texas Ratio of 826.42%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Blue Ridge Savings Bank, Inc. U.S. Bank Average
-130.4% 8.58

Blue Ridge Savings Bank, Inc. has a Return on Equity of -130.4% versus the BestCashCow average of 8.58. 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 Savings Bank, Inc. U.S. Bank Average
0.89% 12.11

Blue Ridge Savings Bank, Inc. has a Capitalization of 0.89% versus the BestCashCow average of 12.11. 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 Savings Bank, Inc. Balance Sheet Analysis

As of September 30, 2011, Blue Ridge Savings Bank, Inc. had assets of $161,430,000, loans of $85,748,000, and deposits of $159,628,000. 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.

Frequently Asked Questions About Blue Ridge Savings Bank, Inc.

Branches and Savings

Is Blue Ridge Savings Bank, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #32347.

Why does Blue Ridge Savings Bank, Inc. 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 Savings Bank, Inc. CD rates not competitive?

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

Is Blue Ridge Savings Bank, Inc. a commercial bank?

Yes

Where are Blue Ridge Savings Bank, Inc. locations?

See branch locations nearby.

Is Blue Ridge Savings Bank, Inc. open on Saturdays?

Is Blue Ridge Savings Bank, Inc. open on Sundays?

What time does Blue Ridge Savings Bank, Inc. open?

What time does Blue Ridge Savings Bank, Inc. close?

Are Blue Ridge Savings Bank, Inc. ATMs Open 24/7?

Do Blue Ridge Savings Bank, Inc. ATMs accept cash deposits?

Can Blue Ridge Savings Bank, Inc. customers use other ATMs?

Do Blue Ridge Savings Bank, Inc. branches have notaries?

Will Blue Ridge Savings Bank, Inc. notarize my document?

What address for Blue Ridge Savings Bank, Inc. should I put for incoming ACH transfers?

Will the Blue Ridge Savings Bank, Inc. branch print checks?

Do Blue Ridge Savings Bank, Inc. checks expire?

Does Blue Ridge Savings Bank, Inc. require US citizenship to open account?

Can Blue Ridge Savings Bank, Inc. close my account?

Does Blue Ridge Savings Bank, Inc. Report to credit bureaus?

Does Blue Ridge Savings Bank, Inc. Use Equifax?

What is Blue Ridge Savings Bank, Inc.'s ACH Routing Number?

What is Blue Ridge Savings Bank, Inc.'s SWIFT code?

Products

Does Blue Ridge Savings Bank, Inc. offer mortgages?

Compare mortgage rates here.

Does Blue Ridge Savings Bank, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Blue Ridge Savings Bank, Inc. offer personal loans?

Compare personal loan rates here.

Does Blue Ridge Savings Bank, Inc. offer student loans?

Will Blue Ridge Savings Bank, Inc. cash a check?

Will Blue Ridge Savings Bank, Inc. redeem a savings bond?

Does Blue Ridge Savings Bank, Inc. cash savings bonds?

Will Blue Ridge Savings Bank, Inc. cash money orders?

Can Blue Ridge Savings Bank, Inc. issue a money order?

Does Blue Ridge Savings Bank, Inc. do currency exchange?

Background on The Bank

Who owns Blue Ridge Savings Bank, Inc.?

How long has Blue Ridge Savings Bank, Inc. been around?

Can Blue Ridge Savings Bank, Inc. transfer to other banks?

Does Blue Ridge Savings Bank, Inc. have quick pay?

Does Blue Ridge Savings Bank, Inc. accept rolled coins?

Will Blue Ridge Savings Bank, Inc. accept loose change?

Where is Blue Ridge Savings Bank, Inc. headquarters?

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