Highlands Community Bank


307 Thacker Ave
Covington, VA 24426
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Notable Rates APY Vs.Others
Savings 0.15% 5.55% →
1-Year CD 0.50% 5.41% →
2-Year CD 0.75% 4.95% →
5-Year CD 1.00% 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

Highlands Community Bank is an FDIC insured institution located in Covington, VA. It was founded in 2002 and has approximately $0.2 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 57420
Date Established 2002
Assets $ 199.42 million
Loans $ 106.14 million
Deposits $ 181.78 million
Capital $ 16.93 million

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

Deposit Rates - June 24, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
0.15% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.65% $10,000 $14,999 Learn More
18 Mo CD
0.65% $100,000 $199,999 Learn More
24 Mo CD
0.75% $10,000 $14,999 Learn More
24 Mo CD
0.75% $100,000 $199,999 Learn More
36 Mo CD
0.85% $10,000 $14,999 Learn More
36 Mo CD
0.85% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $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 - June 24, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Highlands Community 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 2024

Lender APR Rate (%) Monthly
Learn More
Price Mortgage, LLC
NMLS ID: 1429043
License#: MC-7349
6.303% 6.125%
0.88 points
$6,106 fees
$1,945 Learn More
PenFed Credit Union
NMLS ID: 401822
6.553% 6.375%
0.88 points
$6,000 fees
$1,997 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.732% 6.625%
0.88 points
$3,542 fees
$2,049 Learn More
NMLS ID: 1907
7.065% 6.875%
1.00 points
$6,202 fees
$2,103 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
7.990 %
$0 Learn More
More Info

Note to Highlands Community Bank
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Highlands Community Bank Locations

Climate Policy and Initiatives

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Financial Details

Highlands Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Highlands Community 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
Highlands Community Bank U.S. Bank Average
7.95% 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, Highlands Community Bank had $1,416,000 in non-current loans and $33,000 in owned real estate. To cover these potential losses it had $16,932,000 in equity and $1,286,000 in loans loss reserves. That gives it a Texas Ratio of 7.95%.

Return on Equity
Highlands Community Bank U.S. Bank Average
6.45% 12.20%

Highlands Community Bank has a Return on Equity of 6.45% 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.

Highlands Community Bank U.S. Bank Average
8.49% 10.76%

Highlands Community Bank has a Capitalization of 8.49% 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.

Highlands Community Bank Balance Sheet Analysis

As of December 31, 2023, Highlands Community Bank had assets of $199,419,000, loans of $106,136,000, and deposits of $181,782,000. 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
Cash & Balances due from depository institutions $ 6.99 million
Interest-bearing balances $ 5.39 million
Total securities $ 75.68 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 106.14 million
Loan loss allowance $ 1.29 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.03 million
Goodwill and other intangibles $ 0.03 million
All other assets $ 8.32 million
     Total Assets $ 182.49 million
Total deposits $ 181.78 million
      Interest-bearing deposits $ 144.05 million
      Deposits held in domestic offices $ 181.78 million
      % insured (estimated) 85.95%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.02 million
Subordinated debt N.A.
All other liabilities $ 0.55 million
      Total Liabilities $ 182.49 million
      Shareholders’ Equity $ 16.93 million

Summary Income Statement

December 31, 2024
Total Interest Income $ 8.65 million
Total Interest Expense $ 2.14 million
Net interest income $ 6.50 million
Provision for loan and lease losses $ 0.53 million
Total non interest income $ 0.86 million
Total non interest expense $ 5.66 million
Pre-tax Net Operating Income $ 1.05 million

Bank Loan Profile?

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

Compared to other banks in Virginia, Highlands Community 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 33.73
Credit Card Loans 0.00
Consumer Auto Loans 17.68
Small Business Loans 14.58
Construction and Development Loans 3.79
Commercial Real Estate 23.27
Commercial and Industrial Loans 11.89
Farm Loans 0.00

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