Burke & Herbert Bank & Trust Company

Headquarters

100 S Fairfax St
Alexandria, VA 22314
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 5.55% →
1-Year CD 0.40% 5.41% →
2-Year CD 0.50% 5.25% →
5-Year CD 0.80% 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Burke & Herbert Bank & Trust Company is an FDIC insured institution located in Alexandria, VA. It was founded in 1852 and has approximately $3.62 billion in assets. Customers can open an account at one of its 25 branches.

FDIC Insured Yes
FDIC Certificate # 11578
Date Established 1852
Assets $ 3.62 billion
Loans $ 2.06 billion
Deposits $ 3.00 billion
Capital $ 313.37 million
 

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

Deposit Rates - May 17, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.40% $10,000 $14,999 Learn More
18 Mo CD
0.40% $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
0.70% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More
48 Mo CD
0.70% $10,000 $14,999 Learn More
48 Mo CD
0.70% $100,000 $199,999 Learn More
60 Mo CD
0.80% $10,000 $14,999 Learn More
60 Mo CD
0.80% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - May 17, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Burke & Herbert Bank & Trust Company

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 2024

Lender APR Rate (%) Monthly
Payment
Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.967% 6.875%
0.75 points
$2,988 fees
$2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.451% 7.375%
0.75 points
$2,400 fees
$2,211 Learn More
CrossCountry Mortgage
NMLS ID: 3029

points
fees
Learn More
Veterans United Home Loans
NMLS ID: 1907

points
fees
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to Burke & Herbert Bank & Trust Company
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Burke & Herbert Bank & Trust Company 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


Burke & Herbert Bank & Trust Company Locations



Climate Policy and Initiatives

Burke & Herbert Bank & Trust Company is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


Add Your Review


or use your BestCashCow account

or

Financial Details

Burke & Herbert Bank & Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Burke & Herbert Bank & Trust Company. 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
Burke & Herbert Bank & Trust Company U.S. Bank Average
1.11% 3.96%

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 December 31, 2024, Burke & Herbert Bank & Trust Company had $3,744,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $313,365,000 in equity and $25,301,000 in loans loss reserves. That gives it a Texas Ratio of 1.11%.

Return on Equity
Burke & Herbert Bank & Trust Company U.S. Bank Average
9.85% 12.20%

Burke & Herbert Bank & Trust Company has a Return on Equity of 9.85% versus the BestCashCow average of 12.20%. 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
Burke & Herbert Bank & Trust Company U.S. Bank Average
8.66% 10.76%

Burke & Herbert Bank & Trust Company has a Capitalization of 8.66% versus the BestCashCow average of 10.76. 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.

Burke & Herbert Bank & Trust Company Balance Sheet Analysis

As of December 31, 2023, Burke & Herbert Bank & Trust Company had assets of $3,616,933,000, loans of $2,063,952,000, and deposits of $3,002,165,000. 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

December 31, 2024
ASSETS
Cash & Balances due from depository institutions $ 44.50 million
Interest-bearing balances $ 27.57 million
Total securities $ 1,248.44 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.06 billion
Loan loss allowance $ 25.30 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 $ 207.01 million
     Total Assets $ 3.30 billion
LIABILITIES
Total deposits $ 3.00 billion
      Interest-bearing deposits $ 2.17 billion
      Deposits held in domestic offices $ 3.00 billion
      % insured (estimated) 77.45%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 312.82 million
Subordinated debt N.A.
All other liabilities $ 21.44 million
      Total Liabilities $ 3.30 billion
      Shareholders’ Equity $ 313.37 million

Summary Income Statement

December 31, 2024
INCOME AND EXPENSES
Total Interest Income $ 147.62 million
Total Interest Expense $ 53.15 million
Net interest income $ 94.47 million
Provision for loan and lease losses $ 0.21 million
Total non interest income $ 17.30 million
Total non interest expense $ 79.51 million
Pre-tax Net Operating Income $ 23.25 million

Bank Loan Profile?

The top three loan types in Burke & Herbert Bank & Trust Company’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Virginia, Burke & Herbert Bank & Trust Company has a significantly higher percent of 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 21.40
Multifamily
Mortgages
5.16
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 2.51
Construction and Development Loans 5.77
Commercial Real Estate 50.14
Commercial and Industrial Loans 1.98
Farm Loans 0.00

Customer Reviews for Burke & Herbert Bank & Trust Company

There are currently no comments for Burke & Herbert Bank & Trust Company. Be the first to share your experience. Please provide comments that will help others.


Add Your Review


or use your BestCashCow account

or