Colonial Virginia Bank


6720 Sutton Road
Gloucester, VA 23061
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

Colonial Virginia Bank is an FDIC insured institution located in Gloucester, VA. It was founded in 2003 and has approximately $0.12 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57630
Date Established 2003
Assets $ 115.10 million
Loans $ 71.70 million
Deposits $ 100.90 million
Capital $ 12.16 million

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

Deposit Rates - September 19, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - September 19, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Colonial Virginia 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
Learn More
NMLS ID: 2890
License#: 13256
2.654% 2.625%
0.38 points
$958 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 Colonial Virginia Bank
To upload and update your bank's rates please register. It is free to register and add rates.


Colonial Virginia 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:

Colonial Virginia Bank Locations

Financial Details

Colonial Virginia Bank Ratio Analysis

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

Texas Ratio
Colonial Virginia Bank U.S. Bank Average
34.49% 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, Colonial Virginia Bank had $2,983,000 in non-current loans and $1,694,000 in owned real estate. To cover these potential losses it had $12,164,000 in equity and $1,398,000 in loans loss reserves. That gives it a Texas Ratio of 34.49%.

Return on Equity
Colonial Virginia Bank U.S. Bank Average
-1.77% 11.43%

Colonial Virginia Bank has a Return on Equity of -1.77% 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.

Colonial Virginia Bank U.S. Bank Average
10.57% 11.51%

Colonial Virginia Bank has a Capitalization of 10.57% 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.

Colonial Virginia Bank Balance Sheet Analysis

As of June 30, 2014, Colonial Virginia Bank had assets of $115,096,000, loans of $71,700,000, and deposits of $100,897,000. 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
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 $ 71.70 million
Loan loss allowance $ 1.40 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.69 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 100.90 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 $ 115.10 million

Summary Income Statement

March 31, 2021
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 Colonial Virginia Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Virginia, Colonial Virginia Bank has a significantly higher percent of 1-4 Family Residential Loans, Small Business Loans, Construction and Development 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 50.18
Credit Card Loans 0.00
Consumer Auto Loans 0.81
Small Business Loans 17.66
Construction and Development Loans 16.28
Commercial Real Estate 23.35
Commercial and Industrial Loans 7.52
Farm Loans 0.24

Frequently Asked Questions About Colonial Virginia Bank

Branches and Savings

Is Colonial Virginia Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57630.

Why does Colonial Virginia Bank pay such low interest on savings accounts?

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

Why are Colonial Virginia Bank CD rates not competitive?

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

Is Colonial Virginia Bank a commercial bank?


Where are Colonial Virginia Bank locations?

See branch locations nearby.

Is Colonial Virginia Bank open on Saturdays?

Is Colonial Virginia Bank open on Sundays?

What time does Colonial Virginia Bank open?

What time does Colonial Virginia Bank close?

Are Colonial Virginia Bank ATMs Open 24/7?

Do Colonial Virginia Bank ATMs accept cash deposits?

Can Colonial Virginia Bank customers use other ATMs?

Do Colonial Virginia Bank branches have notaries?

Will Colonial Virginia Bank notarize my document?

What address for Colonial Virginia Bank should I put for incoming ACH transfers?

Will the Colonial Virginia Bank branch print checks?

Do Colonial Virginia Bank checks expire?

Does Colonial Virginia Bank require US citizenship to open account?

Can Colonial Virginia Bank close my account?

Does Colonial Virginia Bank Report to credit bureaus?

Does Colonial Virginia Bank Use Equifax?

What is Colonial Virginia Bank's ACH Routing Number?

What is Colonial Virginia Bank's SWIFT code?


Does Colonial Virginia Bank offer mortgages?

Compare mortgage rates here.

Does Colonial Virginia Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Colonial Virginia Bank offer personal loans?

Compare personal loan rates here.

Does Colonial Virginia Bank offer student loans?

Will Colonial Virginia Bank cash a check?

Will Colonial Virginia Bank redeem a savings bond?

Does Colonial Virginia Bank cash savings bonds?

Will Colonial Virginia Bank cash money orders?

Can Colonial Virginia Bank issue a money order?

Does Colonial Virginia Bank do currency exchange?

Background on The Bank

Who owns Colonial Virginia Bank?

How long has Colonial Virginia Bank been around?

Can Colonial Virginia Bank transfer to other banks?

Does Colonial Virginia Bank have quick pay?

Does Colonial Virginia Bank accept rolled coins?

Will Colonial Virginia Bank accept loose change?

Where is Colonial Virginia Bank headquarters?

Customer Reviews for Colonial Virginia Bank

There are currently no comments for Colonial Virginia Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →