Powell Valley National Bank

Headquarters

33785 Main Street
Jonesville, VA 24263
See all branch locations →

Powell Valley National Bank
Notable Rates APY Vs.Others
Savings 0.10% 0.85% →
1-Year CD 0.75% 0.70% →
2-Year CD 1.00% 0.75% →
5-Year CD 1.30% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Powell Valley National Bank is an FDIC insured institution located in Jonesville, VA. It was founded in 1888 and has approximately $0.4 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 6863
Date Established 1888
Assets $ 395.39 million
Loans $ 242.36 million
Deposits $ 349.77 million
Capital $ 42.05 million
 

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

Deposit Rates - September 16, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $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
CD Rates APY MIN MAX
6 Mo CD
0.65% $10,000 $14,999 Learn More
6 Mo CD
0.65% $100,000 $199,999 Learn More
12 Mo CD
0.75% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
18 Mo CD
0.90% $10,000 $14,999 Learn More
18 Mo CD
0.90% $100,000 $199,999 Learn More
24 Mo CD
1.00% $10,000 $14,999 Learn More
24 Mo CD
1.00% $100,000 $199,999 Learn More
30 Mo CD
1.10% $10,000 $14,999 Learn More
30 Mo CD
1.10% $100,000 $199,999 Learn More
36 Mo CD
1.15% $10,000 $14,999 Learn More
36 Mo CD
1.15% $100,000 $199,999 Learn More
48 Mo CD
1.20% $10,000 $14,999 Learn More
48 Mo CD
1.20% $100,000 $199,999 Learn More
60 Mo CD
1.30% $10,000 $14,999 Learn More
60 Mo CD
1.30% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.75% $1 $999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - September 16, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Powell Valley National 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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
PADDIO
NMLS ID: 1907
2.798% 2.750%
-0.38 points
$1,562 fees
$1,021 Learn More
PADDIO
NMLS ID: 1907
2.798% 2.750%
-0.38 points
$1,562 fees
$1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Powell Valley National Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Powell Valley 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:
Ashburn,Virginia


Powell Valley National Bank Locations


Financial Details

Powell Valley National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Powell Valley 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
Powell Valley National Bank U.S. Bank Average
6.46% 5.29%

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, 2021, Powell Valley National Bank had $2,411,000 in non-current loans and $501,000 in owned real estate. To cover these potential losses it had $42,052,000 in equity and $3,060,000 in loans loss reserves. That gives it a Texas Ratio of 6.46%.

Return on Equity
Powell Valley National Bank U.S. Bank Average
6.47% 11.43%

Powell Valley National Bank has a Return on Equity of 6.47% versus the BestCashCow average of 11.43%. 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
Powell Valley National Bank U.S. Bank Average
10.64% 11.51%

Powell Valley National Bank has a Capitalization of 10.64% versus the BestCashCow average of 11.51. 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.

Powell Valley National Bank Balance Sheet Analysis

As of March 31, 2021, Powell Valley National Bank had assets of $395,391,000, loans of $242,364,000, and deposits of $349,772,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 96.04 million
Interest-bearing balances $ 88.26 million
Total securities $ 35.99 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 242.36 million
Loan loss allowance $ 3.06 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.50 million
Goodwill and other intangibles $ 0.87 million
All other assets $ 8.85 million
     Total Assets $ 353.34 million
LIABILITIES
Total deposits $ 349.77 million
      Interest-bearing deposits $ 211.78 million
      Deposits held in domestic offices $ 349.77 million
      % insured (estimated) 73.46%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 3.57 million
      Total Liabilities $ 353.34 million
      Shareholders’ Equity $ 42.05 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 2.98 million
Total Interest Expense $ 0.31 million
Net interest income $ 2.67 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.60 million
Total non interest expense $ 2.42 million
Pre-tax Net Operating Income $ 0.83 million

Bank Loan Profile?

The top three loan types in Powell Valley National Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Virginia, Powell Valley National Bank has a significantly higher percent of Small Business 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 34.50
Multifamily
Mortgages
3.16
Credit Card Loans 0.00
Consumer Auto Loans 1.57
Small Business Loans 23.18
Construction and Development Loans 1.73
Commercial Real Estate 31.11
Commercial and Industrial Loans 14.73
Farm Loans 0.82

Powell Valley National Bank's History

The Powell Valley National Bank opened its doors in 1888 in Jonesville, Virginia. The earliest documented financial statement is dated for the year 1900. At that time the bank showed total assets of $89,000 and a 16.8% capital ratio. Even in its earliest years, the bank was strongly capitalized. With bank headquarters remaining in Jonesville, Powell Valley National Bank also has branches in Pennington Gap, Wise, Big Stone Gap, Duffield, and Abingdon, Virginia and Kingsport, Tennessee. With over 130 years of community banking experience, Powell Valley National Bank is the oldest bank in far Southwest Virginia, the 6th oldest bank in Virginia and the 6th oldest bank operating in Tennessee. The bank has prospered through 29 economic recessions, and continues to have one of the strongest capital ratios in the United States. According to the most recent FDIC deposit reports, Powell Valley National Bank is #1 in market deposit share for the Lee, Scott, and Wise county region.

Frequently Asked Questions About Powell Valley National Bank

Branches and Savings

Is Powell Valley National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #6863.

Why does Powell Valley 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 Powell Valley National Bank CD rates not competitive?

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

Is Powell Valley National Bank a commercial bank?

Yes

Where are Powell Valley National Bank locations?

See branch locations nearby.

Is Powell Valley National Bank open on Saturdays?

Is Powell Valley National Bank open on Sundays?

What time does Powell Valley National Bank open?

What time does Powell Valley National Bank close?

Are Powell Valley National Bank ATMs Open 24/7?

Do Powell Valley National Bank ATMs accept cash deposits?

Can Powell Valley National Bank customers use other ATMs?

Do Powell Valley National Bank branches have notaries?

Will Powell Valley National Bank notarize my document?

What address for Powell Valley National Bank should I put for incoming ACH transfers?

Will the Powell Valley National Bank branch print checks?

Do Powell Valley National Bank checks expire?

Does Powell Valley National Bank require US citizenship to open account?

Can Powell Valley National Bank close my account?

Does Powell Valley National Bank Report to credit bureaus?

Does Powell Valley National Bank Use Equifax?

What is Powell Valley National Bank's ACH Routing Number?

What is Powell Valley National Bank's SWIFT code?

Products

Does Powell Valley National Bank offer mortgages?

Compare mortgage rates here.

Does Powell Valley National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Powell Valley National Bank offer personal loans?

Compare personal loan rates here.

Does Powell Valley National Bank offer student loans?

Will Powell Valley National Bank cash a check?

Will Powell Valley National Bank redeem a savings bond?

Does Powell Valley National Bank cash savings bonds?

Will Powell Valley National Bank cash money orders?

Can Powell Valley National Bank issue a money order?

Does Powell Valley National Bank do currency exchange?

Background on The Bank

Who owns Powell Valley National Bank?

How long has Powell Valley National Bank been around?

Can Powell Valley National Bank transfer to other banks?

Does Powell Valley National Bank have quick pay?

Does Powell Valley National Bank accept rolled coins?

Will Powell Valley National Bank accept loose change?

Where is Powell Valley National Bank headquarters?

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*Should any logos, images or public notes appear on this page,they do so courtesy of Powell Valley National Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.