First National Bank

622 Broad Street
Altavista, VA 24517


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 6811
Date Established 1908
Assets $0.48 billion
Loans $0.38 billion
Deposits $0.43 billion
Capital $0.04 billion

First National Bank is an FDIC insured institution located in Altavista, VA. It was founded in 1908 and has approximately $0.48 billion in assets. Customers can open an account at one of its 9 branches.

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

Deposit Rates - October 18, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.20% $2,500 $9,999 Learn MoreShow Less
Money Market
0.25% $10,000 $24,999 Learn MoreShow Less
Money Market
0.30% $25,000 $49,999 Learn MoreShow Less
Premium Money Market Account
0.25% $10,000 $24,999 Learn MoreShow Less
Premium Money Market Account
0.30% $25,000 $49,999 Learn MoreShow Less
3 Mo CD
0.30% $2,500 - Learn MoreShow Less
6 Mo CD
0.60% $2,500 - Learn MoreShow Less
12 Mo CD
1.41% $500 - Learn MoreShow Less
18 Mo CD
1.51% $500 - Learn MoreShow Less
24 Mo CD
2.02% $500 - Learn MoreShow Less
30 Mo CD
2.12% $500 - Learn MoreShow Less
48 Mo CD
2.47% $500 - Learn MoreShow Less
60 Mo CD
2.52% $500 - Learn MoreShow Less

Fixed IRA
1.41% $100 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
1.41% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $500 - Learn MoreShow Less

Loan Rates - October 18, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First National 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 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 13256
3.515% 3.500% 0.25 $478 $1,123 Learn More
First Internet Bank
NMLS ID: 424182
3.750% 3.750% 0.00 ($98) $1,158 Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.250 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to First National Bank
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First National Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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First National Bank Locations

Financial Details

First National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First National 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
First National Bank U.S. Bank Average
4.01% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2019, First National Bank had $1,160,000 in non-current loans and $749,000 in owned real estate. To cover these potential losses it had $44,211,000 in equity and $3,356,000 in loans loss reserves. That gives it a Texas Ratio of 4.01%.

Return on Equity
First National Bank U.S. Bank Average
12.81% 9.50%

First National Bank has a Return on Equity of 12.81% versus the BestCashCow average of 9.50%. 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.

First National Bank U.S. Bank Average
9.21% 12.76%

First National Bank has a Capitalization of 9.21% versus the BestCashCow average of 12.76. 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.

First National Bank Balance Sheet Analysis

As of June 30, 2019, First National Bank had assets of $480,097,000, loans of $377,767,000, and deposits of $432,817,000. 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

June 30, 2019
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.02 billion
Total securities $0.05 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.38 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.44 billion
Total deposits $0.43 billion
      Interest-bearing deposits $0.34 billion
      Deposits held in domestic offices $0.43 billion
      % insured (estimated) 79.62%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.44 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

June 30, 2019
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $-0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in First National Bank’s loan portfolio are 1-4 Family Residential Loans, Consumer Auto Loans, and Commercial Real Estate.

Compared to other banks in Virginia, First National Bank has a significantly higher percent of Consumer Auto 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 26.73
Credit Card Loans 0.00
Consumer Auto Loans 23.81
Small Business Loans 16.62
Construction and Development Loans 5.70
Commercial Real Estate 23.07
Commercial and Industrial Loans 14.03
Farm Loans 0.01

Frequently Asked Questions About First National Bank

Branches and Savings

Is First National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #6811.

Why does First National Bank pay such low interest on savings accounts?

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

Why are First National Bank CD rates not competitive?

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

Is First National Bank a commercial bank?


Where are First National Bank locations?

See branch locations nearby.

Is First National Bank open on Saturdays?

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Are First National Bank ATMs Open 24/7?

Do First National Bank ATMs accept cash deposits?

Can First National Bank customers use other ATMs?

Do First National Bank branches have notaries?

Will First National Bank notarize my document?

What address for First National Bank should I put for incoming ACH transfers?

Will the First National Bank branch print checks?

Do First National Bank checks expire?

Does First National Bank require US citizenship to open account?

Can First National Bank close my account?

Does First National Bank Report to credit bureaus?

Does First National Bank Use Equifax?

What is First National Bank's ACH Routing Number?

What is First National Bank's SWIFT code?


Does First National Bank offer mortgages?

Compare mortgage rates here.

Does First National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First National Bank offer personal loans?

Compare personal loan rates here.

Does First National Bank offer student loans?

Will First National Bank cash a check?

Will First National Bank redeem a savings bond?

Does First National Bank cash savings bonds?

Will First National Bank cash money orders?

Can First National Bank issue a money order?

Does First National Bank do currency exchange?

Background on The Bank

Who owns First National Bank?

How long has First National Bank been around?

Can First National Bank transfer to other banks?

Does First National Bank have quick pay?

Does First National Bank accept rolled coins?

Will First National Bank accept loose change?

Where is First National Bank headquarters?

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