The Old Point National Bank of Phoebus

Headquarters

1 West Mellen Street
Hampton, VA 23663
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.65% →
1-Year CD 0.55% 0.70% →
2-Year CD 0.55% 0.75% →
5-Year CD 0.60% 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

The Old Point National Bank of Phoebus is an FDIC insured institution located in Hampton, VA. It was founded in 1922 and has approximately $1.25 billion in assets. Customers can open an account at one of its 22 branches.

FDIC Insured Yes
FDIC Certificate # 6892
Date Established 1922
Assets $ 1,250.35 million
Loans $ 807.29 million
Deposits $ 1,112.18 million
Capital $ 110.90 million
 

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

Deposit Rates - July 25, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.55% $100,000 $199,999 Learn More
18 Mo CD
0.40% $10,000 $14,999 Learn More
18 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
30 Mo CD
0.55% $10,000 $14,999 Learn More
30 Mo CD
0.55% $100,000 $199,999 Learn More
36 Mo CD
0.55% $10,000 $14,999 Learn More
36 Mo CD
0.55% $100,000 $199,999 Learn More
48 Mo CD
0.55% $10,000 $14,999 Learn More
48 Mo CD
0.55% $100,000 $199,999 Learn More
60 Mo CD
0.60% $10,000 $14,999 Learn More
60 Mo CD
0.55% $100,000 $199,999 Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.15% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $1 $99 Learn MoreShow Less
Int Ckg
0.03% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - July 25, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The Old Point National Bank of Phoebus

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
Morty, Inc.
NMLS ID: 1429243
2.588% 2.490%
0.88 points
$3,250 fees
$987 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
4.840 %
$0 Learn More
More Info
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

Note to The Old Point National Bank of Phoebus
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Branches

The Old Point National Bank of Phoebus 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 Old Point National Bank of Phoebus Locations


Financial Details

The Old Point National Bank of Phoebus Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Old Point National Bank of Phoebus. 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 Old Point National Bank of Phoebus U.S. Bank Average
2.61% 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, The Old Point National Bank of Phoebus had $2,248,000 in non-current loans and $902,000 in owned real estate. To cover these potential losses it had $110,900,000 in equity and $9,661,000 in loans loss reserves. That gives it a Texas Ratio of 2.61%.

Return on Equity
The Old Point National Bank of Phoebus U.S. Bank Average
10.61% 11.43%

The Old Point National Bank of Phoebus has a Return on Equity of 10.61% 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
The Old Point National Bank of Phoebus U.S. Bank Average
8.87% 11.51%

The Old Point National Bank of Phoebus has a Capitalization of 8.87% 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.

The Old Point National Bank of Phoebus Balance Sheet Analysis

As of March 31, 2021, The Old Point National Bank of Phoebus had assets of $1,250,353,000, loans of $807,291,000, and deposits of $1,112,179,000. 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 $ 177.93 million
Interest-bearing balances $ 145.52 million
Total securities $ 187.63 million
Federal funds sold and reverse repurchase $ 0.00 million
Net loans and leases $ 807.29 million
Loan loss allowance $ 9.66 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.90 million
Goodwill and other intangibles $ 1.96 million
All other assets $ 42.37 million
     Total Assets $ 1,139.45 million
LIABILITIES
Total deposits $ 1,112.18 million
      Interest-bearing deposits $ 726.48 million
      Deposits held in domestic offices $ 1,112.18 million
      % insured (estimated) 78.36%
Federal funds purchased and repurchase agreements $ 6.20 million
Trading liabilities N.A.
Other borrowed funds $ 11.00 million
Subordinated debt N.A.
All other liabilities $ 10.08 million
      Total Liabilities $ 1,139.45 million
      Shareholders’ Equity $ 110.90 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 10.97 million
Total Interest Expense $ 0.82 million
Net interest income $ 10.16 million
Provision for loan and lease losses $ 0.15 million
Total non interest income $ 2.87 million
Total non interest expense $ 9.38 million
Pre-tax Net Operating Income $ 3.49 million

Bank Loan Profile?

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

Compared to other banks in Virginia, The Old Point National Bank of Phoebus 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 23.30
Multifamily
Mortgages
2.85
Credit Card Loans 0.00
Consumer Auto Loans 9.52
Small Business Loans 11.80
Construction and Development Loans 4.86
Commercial Real Estate 39.47
Commercial and Industrial Loans 15.02
Farm Loans 0.00

Frequently Asked Questions About The Old Point National Bank Of Phoebus

Branches and Savings

Is The Old Point National Bank Of Phoebus FDIC insured?

Yes. It is covered under FDIC Certificate #6892.

Why does The Old Point National Bank Of Phoebus pay such low interest on savings accounts?

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

Why are The Old Point National Bank Of Phoebus CD rates not competitive?

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

Is The Old Point National Bank Of Phoebus a commercial bank?

Yes

Where are The Old Point National Bank Of Phoebus locations?

See branch locations nearby.

Is The Old Point National Bank Of Phoebus open on Saturdays?

Is The Old Point National Bank Of Phoebus open on Sundays?

What time does The Old Point National Bank Of Phoebus open?

What time does The Old Point National Bank Of Phoebus close?

Are The Old Point National Bank Of Phoebus ATMs Open 24/7?

Do The Old Point National Bank Of Phoebus ATMs accept cash deposits?

Can The Old Point National Bank Of Phoebus customers use other ATMs?

Do The Old Point National Bank Of Phoebus branches have notaries?

Will The Old Point National Bank Of Phoebus notarize my document?

What address for The Old Point National Bank Of Phoebus should I put for incoming ACH transfers?

Will the The Old Point National Bank Of Phoebus branch print checks?

Do The Old Point National Bank Of Phoebus checks expire?

Does The Old Point National Bank Of Phoebus require US citizenship to open account?

Can The Old Point National Bank Of Phoebus close my account?

Does The Old Point National Bank Of Phoebus Report to credit bureaus?

Does The Old Point National Bank Of Phoebus Use Equifax?

What is The Old Point National Bank Of Phoebus's ACH Routing Number?

What is The Old Point National Bank Of Phoebus's SWIFT code?

Products

Does The Old Point National Bank Of Phoebus offer mortgages?

Compare mortgage rates here.

Does The Old Point National Bank Of Phoebus offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Old Point National Bank Of Phoebus offer personal loans?

Compare personal loan rates here.

Does The Old Point National Bank Of Phoebus offer student loans?

Will The Old Point National Bank Of Phoebus cash a check?

Will The Old Point National Bank Of Phoebus redeem a savings bond?

Does The Old Point National Bank Of Phoebus cash savings bonds?

Will The Old Point National Bank Of Phoebus cash money orders?

Can The Old Point National Bank Of Phoebus issue a money order?

Does The Old Point National Bank Of Phoebus do currency exchange?

Background on The Bank

Who owns The Old Point National Bank Of Phoebus?

How long has The Old Point National Bank Of Phoebus been around?

Can The Old Point National Bank Of Phoebus transfer to other banks?

Does The Old Point National Bank Of Phoebus have quick pay?

Does The Old Point National Bank Of Phoebus accept rolled coins?

Will The Old Point National Bank Of Phoebus accept loose change?

Where is The Old Point National Bank Of Phoebus headquarters?

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