Integrity Bank for Business

Headquarters

2901 S Lynnhaven Rd
Virginia Beach, VA 23452
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 3.05% →
1-Year CD N.A. 3.30% →
2-Year CD N.A. 3.60% →
5-Year CD N.A. 3.75% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

Integrity Bank for Business is an FDIC insured institution located in Virginia Beach, VA. It was founded in 2021 and has approximately $0.07 billion in assets.

FDIC Insured Yes
FDIC Certificate # 59262
Date Established 2021
Assets $ 68.35 million
Loans $ 33.26 million
Deposits $ 46.07 million
Capital $ 21.50 million
 

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

Deposit Rates - September 27, 2022

Your Current Location: California, CA 92111

 

Loan Rates - September 27, 2022

Your Current Location: California, CA 92111

There are currently no loan rates available for Integrity Bank for Business

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - California 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Monthly
Payment
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HomeLend Mortgage
NMLS ID: 138075
License#: 4131127
7.064% 6.875%
0.75 points
$4,820 fees
$1,643 Learn More
AimLoan.com
NMLS ID: 2890
License#: 413-0477
6.871% 6.750%
0.88 points
$3,108 fees
$1,622 Learn More
First Internet Bank
NMLS ID: 424182
6.687% 6.625%
0.63 points
$1,605 fees
$1,601 Learn More
Morty, Inc.
NMLS ID: 1429243
6.437% 6.375%
0.63 points
$1,618 fees
$1,560 Learn More

Featured - California Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 5.740 %
After Intro: 7.000 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Integrity Bank for Business
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Branches

Integrity Bank for Business 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:
San Diego,California


Integrity Bank for Business Locations



Climate Initiatives

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

Financial Details

Integrity Bank for Business Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Integrity Bank for Business. 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
Integrity Bank for Business U.S. Bank Average
0% 4.01%

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, 2022, Integrity Bank for Business had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $21,497,000 in equity and $168,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Integrity Bank for Business U.S. Bank Average
-9.88% 9.01%

Integrity Bank for Business has a Return on Equity of -9.88% versus the BestCashCow average of 9.01%. 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.

Capitalization
Integrity Bank for Business U.S. Bank Average
31.45% 10.66%

Integrity Bank for Business has a Capitalization of 31.45% versus the BestCashCow average of 10.66. 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.

Integrity Bank for Business Balance Sheet Analysis

As of March 31, 2022, Integrity Bank for Business had assets of $68,353,000, loans of $33,261,000, and deposits of $46,074,000. 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, 2022
ASSETS
Cash & Balances due from depository institutions $ 33.38 million
Interest-bearing balances $ 33.01 million
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 33.26 million
Loan loss allowance $ 0.17 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 0.84 million
     Total Assets $ 46.86 million
LIABILITIES
Total deposits $ 46.07 million
      Interest-bearing deposits $ 27.44 million
      Deposits held in domestic offices $ 46.07 million
      % insured (estimated) 51.60%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.78 million
      Total Liabilities $ 46.86 million
      Shareholders’ Equity $ 21.50 million

Summary Income Statement

March 31, 2022
INCOME AND EXPENSES
Total Interest Income $ 0.25 million
Total Interest Expense $ 0.01 million
Net interest income $ 0.24 million
Provision for loan and lease losses $ 0.07 million
Total non interest income $ 0.00 million
Total non interest expense $ 0.72 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Integrity Bank for Business’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in Virginia, Integrity Bank for Business has a significantly higher percent of Construction and Development Loans, Commercial Real Estate, Commercial and Industrial 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.78
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 16.08
Commercial Real Estate 49.81
Commercial and Industrial Loans 33.84
Farm Loans 0.00

Customer Reviews for Integrity Bank for Business


  • December 2, 2021 |

    I do not recommend this bank whatsoever.

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