BlueRidge Bank

Headquarters

18 West Patrick Street
Frederick, MD 21701
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

BlueRidge Bank is an FDIC insured institution located in Frederick, MD. It was founded in 2008 and has approximately $0.22 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58756
Date Established 2008
Assets $ 201.60 million
Loans $ 169.79 million
Deposits $ 176.47 million
Capital $ 16.47 million
 

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

Deposit Rates - October 24, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 24, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for BlueRidge Bank

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
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.575% 2.500% 1.00 $2,470 $988 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
See Table
2.240 %
$0 Learn More
More Info

Note to BlueRidge Bank
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Branches

BlueRidge 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:
Ashburn,Virginia


BlueRidge Bank Locations


Financial Details

BlueRidge Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BlueRidge 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
BlueRidge Bank U.S. Bank Average
0% 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, BlueRidge Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $16,471,000 in equity and $1,837,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
BlueRidge Bank U.S. Bank Average
4.15% 7.80%

BlueRidge Bank has a Return on Equity of 4.15% 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
BlueRidge Bank U.S. Bank Average
8.17% 12.68%

BlueRidge Bank has a Capitalization of 8.17% 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.

BlueRidge Bank Balance Sheet Analysis

As of March 31, 2015, BlueRidge Bank had assets of $215,027,000, loans of $169,790,000, and deposits of $176,469,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 169.79 million
Loan loss allowance $ 1.84 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 $ 176.47 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 $ 201.60 million

Summary Income Statement

March 31, 2020
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 BlueRidge Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Maryland, BlueRidge Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate 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 19.13
Multifamily
Mortgages
6.12
Credit Card Loans 0.00
Consumer Auto Loans 0.03
Small Business Loans 17.50
Construction and Development Loans 6.02
Commercial Real Estate 52.62
Commercial and Industrial Loans 14.44
Farm Loans 0.00

Frequently Asked Questions About Blueridge Bank

Branches and Savings

Is Blueridge Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58756.

Why does Blueridge Bank pay such low interest on savings accounts?

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

Why are Blueridge Bank CD rates not competitive?

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

Is Blueridge Bank a commercial bank?

Yes

Where are Blueridge Bank locations?

See branch locations nearby.

Is Blueridge Bank open on Saturdays?

Is Blueridge Bank open on Sundays?

What time does Blueridge Bank open?

What time does Blueridge Bank close?

Are Blueridge Bank ATMs Open 24/7?

Do Blueridge Bank ATMs accept cash deposits?

Can Blueridge Bank customers use other ATMs?

Do Blueridge Bank branches have notaries?

Will Blueridge Bank notarize my document?

What address for Blueridge Bank should I put for incoming ACH transfers?

Will the Blueridge Bank branch print checks?

Do Blueridge Bank checks expire?

Does Blueridge Bank require US citizenship to open account?

Can Blueridge Bank close my account?

Does Blueridge Bank Report to credit bureaus?

Does Blueridge Bank Use Equifax?

What is Blueridge Bank's ACH Routing Number?

What is Blueridge Bank's SWIFT code?

Products

Does Blueridge Bank offer mortgages?

Compare mortgage rates here.

Does Blueridge Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Blueridge Bank offer personal loans?

Compare personal loan rates here.

Does Blueridge Bank offer student loans?

Will Blueridge Bank cash a check?

Will Blueridge Bank redeem a savings bond?

Does Blueridge Bank cash savings bonds?

Will Blueridge Bank cash money orders?

Can Blueridge Bank issue a money order?

Does Blueridge Bank do currency exchange?

Background on The Bank

Who owns Blueridge Bank?

How long has Blueridge Bank been around?

Can Blueridge Bank transfer to other banks?

Does Blueridge Bank have quick pay?

Does Blueridge Bank accept rolled coins?

Will Blueridge Bank accept loose change?

Where is Blueridge Bank headquarters?

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