The Bank of Marion


102 West Main Street
Marion, VA 24354
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Notable Rates APY Vs.Others
Savings N.A. 3.05% →
1-Year CD N.A. 3.30% →
2-Year CD N.A. 3.56% →
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

The Bank of Marion is an FDIC insured institution located in Marion, VA. It was founded in 1874 and has approximately $0.52 billion in assets. Customers can open an account at one of its 15 branches.

FDIC Insured Yes
FDIC Certificate # 9507
Date Established 1874
Assets $ 523.46 million
Loans $ 283.97 million
Deposits $ 472.90 million
Capital $ 45.34 million

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

Deposit Rates - September 25, 2022

Your Current Location: California, CA 92111


Loan Rates - September 25, 2022

Your Current Location: California, CA 92111

There are currently no loan rates available for The Bank of Marion

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
Learn More
NMLS ID: 2890
License#: 413-0477
6.254% 6.125%
1.00 points
$3,452 fees
$1,520 Learn More
New American Funding
NMLS ID: 6606

Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168

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Featured - California Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

Note to The Bank of Marion
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The Bank of Marion Locations

Climate Initiatives

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Financial Details

The Bank of Marion Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Bank of Marion. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
The Bank of Marion U.S. Bank Average
5.62% 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, The Bank of Marion had $2,748,000 in non-current loans and $30,000 in owned real estate. To cover these potential losses it had $45,340,000 in equity and $4,074,000 in loans loss reserves. That gives it a Texas Ratio of 5.62%.

Return on Equity
The Bank of Marion U.S. Bank Average
14.09% 9.01%

The Bank of Marion has a Return on Equity of 14.09% 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.

The Bank of Marion U.S. Bank Average
8.66% 10.66%

The Bank of Marion has a Capitalization of 8.66% 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.

The Bank of Marion Balance Sheet Analysis

As of March 31, 2022, The Bank of Marion had assets of $523,461,000, loans of $283,967,000, and deposits of $472,897,000. 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
Cash & Balances due from depository institutions $ 12.24 million
Interest-bearing balances $ 3.77 million
Total securities $ 196.26 million
Federal funds sold and reverse repurchase $ 0.08 million
Net loans and leases $ 283.97 million
Loan loss allowance $ 4.07 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.03 million
Goodwill and other intangibles N.A.
All other assets $ 23.54 million
     Total Assets $ 478.12 million
Total deposits $ 472.90 million
      Interest-bearing deposits $ 367.42 million
      Deposits held in domestic offices $ 472.90 million
      % insured (estimated) 82.97%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 5.22 million
      Total Liabilities $ 478.12 million
      Shareholders’ Equity $ 45.34 million

Summary Income Statement

March 31, 2022
Total Interest Income $ 4.90 million
Total Interest Expense $ 0.10 million
Net interest income $ 4.80 million
Provision for loan and lease losses $ 0.11 million
Total non interest income $ 1.12 million
Total non interest expense $ 3.73 million
Pre-tax Net Operating Income $ 2.08 million

Bank Loan Profile?

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

Compared to other banks in Virginia, The Bank of Marion has a significantly higher percent of 1-4 Family Residential 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 64.85
Credit Card Loans 0.39
Consumer Auto Loans 0.96
Small Business Loans 8.64
Construction and Development Loans 0.88
Commercial Real Estate 17.94
Commercial and Industrial Loans 4.90
Farm Loans 0.64

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