Highlands Community Bank

307 Thacker Avenue
Covington, VA 24426

Notable Rates APY Vs.Others
Savings 0.15% 2.20% →
1-Year CD 1.21% 2.20% →
2-Year CD 1.26% 2.20% →
5-Year CD 1.66% 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

Highlands Community Bank is an FDIC insured institution located in Covington, VA. It was founded in 2002 and has approximately $0.15 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 57420
Date Established 2002
Assets $0.15 billion
Loans $0.09 billion
Deposits $0.13 billion
Capital $0.02 billion

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 - February 17, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.20% $1,000 $24,999 Learn MoreShow Less
Money Market
0.25% $25,000 $49,999 Learn MoreShow Less
3 Mo CD
0.75% $500 - Learn MoreShow Less
6 Mo CD
1.00% $500 - Learn MoreShow Less
12 Mo CD
1.21% $500 - Learn MoreShow Less
Special: 18 Mo CD
1.51% $500 - Learn MoreShow Less
18 Mo CD
1.51% $500 - Learn MoreShow Less
24 Mo CD
1.26% $500 - Learn MoreShow Less
36 Mo CD
1.41% $500 - Learn MoreShow Less
60 Mo CD
1.66% $500 - Learn MoreShow Less

Fixed IRA
1.91% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $500 $2,499 Learn MoreShow Less
Int Ckg
0.05% $2,500 $9,999 Learn MoreShow Less

Loan Rates - February 17, 2020

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.793% 4.750% 0.00 $1,250 $1,305 Learn More
Rocket Mortgage
NMLS ID: 3030
4.668% 4.625% 0.00 $1,250 $1,286 Learn More
NMLS ID: 2890
License#: 13256
3.378% 3.375% 0.00 $92 $1,106 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Eastern Bank
Eastern Bank
4.250 %
$25,000 Learn More
More Info
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

Note to Highlands Community Bank
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Highlands Community 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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Highlands Community Bank Locations

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
8.09% 6.70%

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 September 30, 2019, Highlands Community Bank had $1,442,000 in non-current loans and $301,000 in owned real estate. To cover these potential losses it had $20,391,000 in equity and $1,145,000 in loans loss reserves. That gives it a Texas Ratio of 8.09%.

Return on Equity
Highlands Community Bank U.S. Bank Average
8.23% 9.72%

Highlands Community Bank has a Return on Equity of 8.23% versus the BestCashCow average of 9.72%. 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
13.41% 12.89%

Highlands Community Bank has a Capitalization of 13.41% versus the BestCashCow average of 12.89. 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 September 30, 2019, Highlands Community Bank had assets of $152,028,000, loans of $88,699,000, and deposits of $130,874,000. 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

September 30, 2019
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.05 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.09 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 $0.00 billion
     Total Assets $0.13 billion
Total deposits $0.13 billion
      Interest-bearing deposits $0.11 billion
      Deposits held in domestic offices $0.13 billion
      % insured (estimated) 91.51%
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 $0.13 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

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

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 38.61
Credit Card Loans 0.00
Consumer Auto Loans 17.56
Small Business Loans 0.00
Construction and Development Loans 1.32
Commercial Real Estate 26.86
Commercial and Industrial Loans 6.88
Farm Loans 0.00

Frequently Asked Questions About Highlands Community Bank

Branches and Savings

Is Highlands Community Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57420.

Why does Highlands Community Bank pay such low interest on savings accounts?

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

Why are Highlands Community Bank CD rates not competitive?

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

Is Highlands Community Bank a commercial bank?


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Does Highlands Community Bank offer mortgages?

Compare mortgage rates here.

Does Highlands Community Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Highlands Community Bank offer personal loans?

Compare personal loan rates here.

Does Highlands Community Bank offer student loans?

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Background on The Bank

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