First Sentinel Bank


315 Railroad Ave
Richlands, VA 24641
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 5.40% →
1-Year CD 0.40% 5.77% →
2-Year CD 0.55% 5.50% →
5-Year CD 0.85% 5.25% →
30-Year Mortgage N.A. 0.00% →
15-Year Mortgage N.A. 0.00% →
HELOC N.A. 0.99% →

2023 Overview

General Bank Information

First Sentinel Bank is an FDIC insured institution located in Richlands, VA. It was founded in 1978 and has approximately $0.39 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 31928
Date Established 1978
Assets $ 391.24 million
Loans $ 326.96 million
Deposits $ 343.06 million
Capital $ 33.88 million

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

Deposit Rates - November 28, 2023

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
0.15% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 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
0.45% $10,000 $14,999 Learn More
18 Mo CD
0.45% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.55% $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
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More
60 Mo CD
0.85% $10,000 $14,999 Learn More
60 Mo CD
0.85% $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 - November 28, 2023

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First Sentinel 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 2023

Lender APR Rate (%) Monthly
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NMLS ID: Not a Lender

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Neighbors Bank
NMLS ID: 491986

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NMLS ID: Not a Lender

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Featured - Virginia Home Equity Line Of Credit Rates 2023

Lender APR (%)? Monthly Payment? Learn More

Note to First Sentinel Bank
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Climate Initiatives

First Sentinel Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

First Sentinel Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Sentinel 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 Sentinel Bank U.S. Bank Average
2.06% 3.82%

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 June 30, 2023, First Sentinel Bank had $491,000 in non-current loans and $292,000 in owned real estate. To cover these potential losses it had $33,880,000 in equity and $4,207,000 in loans loss reserves. That gives it a Texas Ratio of 2.06%.

Return on Equity
First Sentinel Bank U.S. Bank Average
10.22% 13.18%

First Sentinel Bank has a Return on Equity of 10.22% versus the BestCashCow average of 13.18%. 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 Sentinel Bank U.S. Bank Average
8.66% 10.43%

First Sentinel Bank has a Capitalization of 8.66% versus the BestCashCow average of 10.43. 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 Sentinel Bank Balance Sheet Analysis

As of June 30, 2023, First Sentinel Bank had assets of $391,242,000, loans of $326,959,000, and deposits of $343,055,000. 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, 2023
Cash & Balances due from depository institutions $ 44.18 million
Interest-bearing balances $ 33.45 million
Total securities $ 2.36 million
Federal funds sold and reverse repurchase $ 1.79 million
Net loans and leases $ 326.96 million
Loan loss allowance $ 4.21 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.29 million
Goodwill and other intangibles N.A.
All other assets $ 8.92 million
     Total Assets $ 357.36 million
Total deposits $ 343.06 million
      Interest-bearing deposits $ 285.62 million
      Deposits held in domestic offices $ 343.06 million
      % insured (estimated) 69.38%
Federal funds purchased and repurchase agreements $ 3.60 million
Trading liabilities N.A.
Other borrowed funds $ 10.60 million
Subordinated debt N.A.
All other liabilities $ 1.99 million
      Total Liabilities $ 357.36 million
      Shareholders’ Equity $ 33.88 million

Summary Income Statement

June 30, 2023
Total Interest Income $ 9.13 million
Total Interest Expense $ 2.56 million
Net interest income $ 6.58 million
Provision for loan and lease losses $ 0.41 million
Total non interest income $ 1.29 million
Total non interest expense $ 5.26 million
Pre-tax Net Operating Income $ 2.58 million

Bank Loan Profile?

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

Compared to other banks in Virginia, First Sentinel 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 21.80
Credit Card Loans 0.00
Consumer Auto Loans 40.16
Small Business Loans 10.80
Construction and Development Loans 1.00
Commercial Real Estate 17.12
Commercial and Industrial Loans 5.43
Farm Loans 0.00

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