Old Dominion National Bank

Headquarters

4916 Plank Road, Suite 216
North Garden, VA 22959
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.91% →
1-Year CD 0.15% 0.85% →
2-Year CD 0.25% 0.95% →
5-Year CD 0.50% 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Old Dominion National Bank is an FDIC insured institution located in North Garden, VA. It was founded in 2007 and has approximately $0.45 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 58504
Date Established 2007
Assets $ 447.67 million
Loans $ 372.05 million
Deposits $ 359.24 million
Capital $ 82.53 million
 

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

Deposit Rates - November 28, 2020

Your Current Location: Washington, WA 98101

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.35% $2,500 $2,999 Learn More
Money Market
0.35% $10,000 $14,999 Learn More
Money Market
0.35% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $10,000 $14,999 Learn More
3 Mo CD
0.05% $100,000 $199,999 Learn More
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.15% $10,000 $14,999 Learn More
12 Mo CD
0.15% $100,000 $199,999 Learn More
18 Mo CD
0.15% $10,000 $14,999 Learn More
18 Mo CD
0.15% $100,000 $199,999 Learn More
24 Mo CD
0.25% $10,000 $14,999 Learn More
24 Mo CD
0.25% $100,000 $199,999 Learn More
36 Mo CD
0.35% $10,000 $14,999 Learn More
36 Mo CD
0.35% $100,000 $199,999 Learn More
48 Mo CD
0.45% $10,000 $14,999 Learn More
48 Mo CD
0.45% $100,000 $199,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.50% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - November 28, 2020

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Old Dominion National Bank

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




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.557% 2.500% 0.75 $1,880 $988 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Old Dominion National Bank
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Branches

Old Dominion 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.

Your Location:
Seattle,Washington


Old Dominion National Bank Locations


Financial Details

Old Dominion National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Old Dominion National 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
Old Dominion National Bank U.S. Bank Average
8.18% 6.94%

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, 2020, Old Dominion National Bank had $7,055,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $82,530,000 in equity and $3,740,000 in loans loss reserves. That gives it a Texas Ratio of 8.18%.

Return on Equity
Old Dominion National Bank U.S. Bank Average
0.43% 7.80%

Old Dominion National Bank has a Return on Equity of 0.43% versus the BestCashCow average of 7.80%. 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
Old Dominion National Bank U.S. Bank Average
18.44% 12.68%

Old Dominion National Bank has a Capitalization of 18.44% versus the BestCashCow average of 12.68. 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.

Old Dominion National Bank Balance Sheet Analysis

As of March 31, 2020, Old Dominion National Bank had assets of $447,667,000, loans of $372,045,000, and deposits of $359,235,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 17.12 million
Interest-bearing balances $ 15.64 million
Total securities $ 18.93 million
Federal funds sold and reverse repurchase $ 22.77 million
Net loans and leases $ 372.05 million
Loan loss allowance $ 3.74 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 $ 15.33 million
     Total Assets $ 365.14 million
LIABILITIES
Total deposits $ 359.24 million
      Interest-bearing deposits $ 257.64 million
      Deposits held in domestic offices $ 359.24 million
      % insured (estimated) 47.94%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 5.00 million
Subordinated debt N.A.
All other liabilities $ 0.90 million
      Total Liabilities $ 365.14 million
      Shareholders’ Equity $ 82.53 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.48 million
Total Interest Expense $ 1.13 million
Net interest income $ 3.35 million
Provision for loan and lease losses $ 0.10 million
Total non interest income $ 0.19 million
Total non interest expense $ 3.47 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Virginia, Old Dominion National Bank has a significantly higher percent of Construction and Development Loans, 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 18.63
Multifamily
Mortgages
7.47
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 0.00
Construction and Development Loans 13.68
Commercial Real Estate 38.13
Commercial and Industrial Loans 22.23
Farm Loans 0.00

Frequently Asked Questions About Old Dominion National Bank

Branches and Savings

Is Old Dominion National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58504.

Why does Old Dominion 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 Old Dominion National Bank CD rates not competitive?

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

Is Old Dominion National Bank a commercial bank?

Yes

Where are Old Dominion National Bank locations?

See branch locations nearby.

Is Old Dominion National Bank open on Saturdays?

Is Old Dominion National Bank open on Sundays?

What time does Old Dominion National Bank open?

What time does Old Dominion National Bank close?

Are Old Dominion National Bank ATMs Open 24/7?

Do Old Dominion National Bank ATMs accept cash deposits?

Can Old Dominion National Bank customers use other ATMs?

Do Old Dominion National Bank branches have notaries?

Will Old Dominion National Bank notarize my document?

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

Will the Old Dominion National Bank branch print checks?

Do Old Dominion National Bank checks expire?

Does Old Dominion National Bank require US citizenship to open account?

Can Old Dominion National Bank close my account?

Does Old Dominion National Bank Report to credit bureaus?

Does Old Dominion National Bank Use Equifax?

What is Old Dominion National Bank's ACH Routing Number?

What is Old Dominion National Bank's SWIFT code?

Products

Does Old Dominion National Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Old Dominion National Bank offer personal loans?

Compare personal loan rates here.

Does Old Dominion National Bank offer student loans?

Will Old Dominion National Bank cash a check?

Will Old Dominion National Bank redeem a savings bond?

Does Old Dominion National Bank cash savings bonds?

Will Old Dominion National Bank cash money orders?

Can Old Dominion National Bank issue a money order?

Does Old Dominion National Bank do currency exchange?

Background on The Bank

Who owns Old Dominion National Bank?

How long has Old Dominion National Bank been around?

Can Old Dominion National Bank transfer to other banks?

Does Old Dominion National Bank have quick pay?

Does Old Dominion National Bank accept rolled coins?

Will Old Dominion National Bank accept loose change?

Where is Old Dominion National Bank headquarters?

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