Blue Ridge Bank, National Association
Headquarters
1 E Market St
Martinsville, VA 24112
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2024 Overview
General Bank Information
Blue Ridge Bank, National Association is an FDIC insured institution located in Martinsville, VA. It was founded in 2000 and has approximately $3.09 billion in assets. Customers can open an account at one of its 9 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 35274 |
| Date Established | 2000 |
| Assets | $ 3.09 billion |
| Loans | $ 2.44 billion |
| Deposits | $ 2.57 billion |
| Capital | $ 200.91 million |
For a more detailed analysis of Blue Ridge Bank, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - April 16, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - April 16, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Blue Ridge Bank, National Association
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 401822 |
6.932% |
6.750% 0.88 points $6,000 fees |
$2,076 | Learn More |
NMLS ID: 3030 |
7.463% |
7.375% 0.88 points $2,800 fees |
$2,211 | Learn More |
NMLS ID: Not a Lender |
points fees |
Learn More | ||
NMLS ID: 491986 |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Blue Ridge Bank, National Association
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Branches
Blue Ridge Bank, National Association 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:
Columbus,Ohio
Climate Policy and Initiatives
Blue Ridge Bank, National Association is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Blue Ridge Bank, National Association Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Blue Ridge Bank, National Association. 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
| Blue Ridge Bank, National Association | U.S. Bank Average |
|---|---|
| 26.63% | 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, Blue Ridge Bank, National Association had $63,063,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $200,908,000 in equity and $35,893,000 in loans loss reserves. That gives it a Texas Ratio of 26.63%.
Return on Equity
| Blue Ridge Bank, National Association | U.S. Bank Average |
|---|---|
| -17.66% | 12.20% |
Blue Ridge Bank, National Association has a Return on Equity of -17.66% 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.
Capitalization
| Blue Ridge Bank, National Association | U.S. Bank Average |
|---|---|
| 6.5% | 10.76% |
Blue Ridge Bank, National Association has a Capitalization of 6.5% 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.
Blue Ridge Bank, National Association Balance Sheet Analysis
As of December 31, 2023, Blue Ridge Bank, National Association had assets of $3,091,511,000, loans of $2,441,391,000, and deposits of $2,573,043,000. 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| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 120.61 million |
| Interest-bearing balances | $ 106.50 million |
| Total securities | $ 321.25 million |
| Federal funds sold and reverse repurchase | $ 4.45 million |
| Net loans and leases | $ 2.44 billion |
| Loan loss allowance | $ 35.89 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 32.50 million |
| All other assets | $ 98.84 million |
| Total Assets | $ 2.89 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 2.57 billion |
| Interest-bearing deposits | $ 2.06 billion |
| Deposits held in domestic offices | $ 2.57 billion |
| % insured (estimated) | 77.75% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 142.60 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 16.11 million |
| Total Liabilities | $ 2.89 billion |
| Shareholders’ Equity | $ 200.91 million |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 168.98 million |
| Total Interest Expense | $ 73.75 million |
| Net interest income | $ 95.24 million |
| Provision for loan and lease losses | $ 22.32 million |
| Total non interest income | $ 29.51 million |
| Total non interest expense | $ 146.55 million |
| Pre-tax Net Operating Income | $ 16.20 million |
Bank Loan Profile?
The top three loan types in Blue Ridge Bank, National Association’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.
Compared to other banks, Blue Ridge Bank, National Association’s loan portfolio does not show any specific loan specialty.
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 | 22.47 | ✓ | ||
| Multifamily Mortgages |
4.91 | ✓ | ||
| Credit Card Loans | 0.03 | ✓ | ||
| Consumer Auto Loans | 1.05 | ✓ | ||
| Small Business Loans | 4.67 | ✓ | ||
| Construction and Development Loans | 7.92 | ✓ | ||
| Commercial Real Estate | 27.51 | ✓ | ||
| Commercial and Industrial Loans | 19.60 | ✓ | ||
| Farm Loans | 0.01 | ✓ | ||
Customer Reviews for Blue Ridge Bank, National Association
Jack
July 20, 2020 |
This bank is very bad. I am posting my story here now, hoping to make a reference for those friends who want to become their customers.
I was very excited when I saw Blue Ridge Bank, N.A. on Google because they provide a free checking account. Then I called them on the second working day, but unfortunately, none of them answered my call. I didn’t give up, I emailed them, excitingly, I received their reply via email the next day. Then, I told them my needs and all the problems I faced during the pandemic. Soon I received their reply, and they told me that their free checking account can meet my needs, and those problems I face will not affect me to open a free checking account. I remember very clearly that I confirmed to them twice about these issues, they still told me that these problems would not affect me as their customer. So far I have been very excited and happy. Next, they asked me to submit an account opening application on their website, the second month after my application was submitted, they finally responded to me, and they asked me to send me my IDs to them, and sign an application, and I also deposited 100$ into my new account via wire transfer and paid a wire transfer receiving fee of 16$ (they cannot make deposits through ACH.). Then the next day they sent me the online banking details. All this seems perfect. But unfortunately, the problem started a month later, suddenly they sent me an email and asked me to provide more documents to be able to continue to use my account. I was very surprised and tried to explain to them again the problems I am facing during the pandemic. Then they understood my difficulties and gave me a month to prepare these documents. Unfortunately, during the pandemic, the relevant departments were unable to answer the phone.
Really, I was very disappointed after I got online banking details, because the UI of their online banking page is very bad and the mobile app is also very difficult to use. In fact, they hope to close my account and I don't feel any pity.
At the beginning of July, I was suddenly unable to login to my online banking account. Then I sent an email and called them to ask them why. They did not reply to my emails, but just called me back and told me that they would help me to reset my online bank account. And they never told me that my account has been closed, as of today, they have not wanted to refund my money. I am very angry. I have sent them another email and called them. Ah, I just hope they can refund my money.
If you want to be their customer, please don't trust their sales, because they won't tell you the truth. Put another way, they just want your money.
Is this review helpful? Yes:3 / No: 0
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