The First Bank and Trust Company

Headquarters

359 West Main Street
Lebanon, VA 24266
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.25% 1.05% →
2-Year CD 0.35% 1.11% →
5-Year CD 0.55% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

The First Bank and Trust Company is an FDIC insured institution located in Lebanon, VA. It was founded in 1979 and has approximately $2.01 billion in assets. Customers can open an account at one of its 26 branches.

FDIC Insured Yes
FDIC Certificate # 22918
Date Established 1979
Assets $ 2.01 billion
Loans $ 1,623.17 million
Deposits $ 1,660.03 million
Capital $ 229.84 million
 

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

Deposit Rates - August 9, 2020

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
0.05% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
30 Mo CD
0.40% $10,000 $14,999 Learn More
30 Mo CD
0.40% $100,000 $199,999 Learn More
36 Mo CD
0.45% $10,000 $14,999 Learn More
36 Mo CD
0.45% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.55% $10,000 $14,999 Learn More
60 Mo CD
0.55% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.03% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 9, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The First Bank and Trust Company

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.758% 2.690% 0.88 $2,244 $1,013 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to The First Bank and Trust Company
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Branches

The First Bank and Trust Company 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


The First Bank and Trust Company Locations


Financial Details

The First Bank and Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The First Bank and Trust Company. 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
The First Bank and Trust Company U.S. Bank Average
5.08% 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, The First Bank and Trust Company had $6,017,000 in non-current loans and $6,564,000 in owned real estate. To cover these potential losses it had $229,843,000 in equity and $18,039,000 in loans loss reserves. That gives it a Texas Ratio of 5.08%.

Return on Equity
The First Bank and Trust Company U.S. Bank Average
12.04% 7.80%

The First Bank and Trust Company has a Return on Equity of 12.04% 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
The First Bank and Trust Company U.S. Bank Average
11.45% 12.68%

The First Bank and Trust Company has a Capitalization of 11.45% 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.

The First Bank and Trust Company Balance Sheet Analysis

As of March 31, 2020, The First Bank and Trust Company had assets of $2,007,215,000, loans of $1,623,167,000, and deposits of $1,660,028,000. 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 $ 243.11 million
Interest-bearing balances $ 222.70 million
Total securities $ 29.80 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,623.17 million
Loan loss allowance $ 18.04 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 6.56 million
Goodwill and other intangibles $ 5.28 million
All other assets $ 61.62 million
     Total Assets $ 1,777.37 million
LIABILITIES
Total deposits $ 1,660.03 million
      Interest-bearing deposits $ 1,263.89 million
      Deposits held in domestic offices $ 1,660.03 million
      % insured (estimated) 86.06%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 108.10 million
Subordinated debt N.A.
All other liabilities $ 9.24 million
      Total Liabilities $ 1,777.37 million
      Shareholders’ Equity $ 229.84 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 21.48 million
Total Interest Expense $ 3.51 million
Net interest income $ 17.97 million
Provision for loan and lease losses $ 0.42 million
Total non interest income $ 3.24 million
Total non interest expense $ 12.11 million
Pre-tax Net Operating Income $ 8.68 million

Bank Loan Profile?

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

Compared to other banks in Virginia, The First Bank and Trust Company has a significantly higher percent of Farm 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 21.30
Multifamily
Mortgages
3.70
Credit Card Loans 0.00
Consumer Auto Loans 0.69
Small Business Loans 8.71
Construction and Development Loans 8.98
Commercial Real Estate 24.39
Commercial and Industrial Loans 9.38
Farm Loans 6.67

Frequently Asked Questions About The First Bank And Trust Company

Branches and Savings

Is The First Bank And Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #22918.

Why does The First Bank And Trust Company pay such low interest on savings accounts?

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

Why are The First Bank And Trust Company CD rates not competitive?

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

Is The First Bank And Trust Company a commercial bank?

Yes

Where are The First Bank And Trust Company locations?

See branch locations nearby.

Is The First Bank And Trust Company open on Saturdays?

Is The First Bank And Trust Company open on Sundays?

What time does The First Bank And Trust Company open?

What time does The First Bank And Trust Company close?

Are The First Bank And Trust Company ATMs Open 24/7?

Do The First Bank And Trust Company ATMs accept cash deposits?

Can The First Bank And Trust Company customers use other ATMs?

Do The First Bank And Trust Company branches have notaries?

Will The First Bank And Trust Company notarize my document?

What address for The First Bank And Trust Company should I put for incoming ACH transfers?

Will the The First Bank And Trust Company branch print checks?

Do The First Bank And Trust Company checks expire?

Does The First Bank And Trust Company require US citizenship to open account?

Can The First Bank And Trust Company close my account?

Does The First Bank And Trust Company Report to credit bureaus?

Does The First Bank And Trust Company Use Equifax?

What is The First Bank And Trust Company's ACH Routing Number?

What is The First Bank And Trust Company's SWIFT code?

Products

Does The First Bank And Trust Company offer mortgages?

Compare mortgage rates here.

Does The First Bank And Trust Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The First Bank And Trust Company offer personal loans?

Compare personal loan rates here.

Does The First Bank And Trust Company offer student loans?

Will The First Bank And Trust Company cash a check?

Will The First Bank And Trust Company redeem a savings bond?

Does The First Bank And Trust Company cash savings bonds?

Will The First Bank And Trust Company cash money orders?

Can The First Bank And Trust Company issue a money order?

Does The First Bank And Trust Company do currency exchange?

Background on The Bank

Who owns The First Bank And Trust Company?

How long has The First Bank And Trust Company been around?

Can The First Bank And Trust Company transfer to other banks?

Does The First Bank And Trust Company have quick pay?

Does The First Bank And Trust Company accept rolled coins?

Will The First Bank And Trust Company accept loose change?

Where is The First Bank And Trust Company headquarters?

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