The Trust Company of Virginia

Headquarters

9030 Stony Point Parkway, Suite 300
Richmond, VA 23235
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.65% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 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 Trust Company of Virginia is an FDIC insured institution located in Richmond, VA. It was founded in 2008 and has approximately $0.01 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58700
Date Established 2008
Assets $ 8.41 million
Loans N.A.
Deposits N.A.
Capital $ 7.85 million
 

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

Deposit Rates - July 26, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - July 26, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for The Trust Company of Virginia

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
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Quicken Loans NMLS #3030
NMLS ID: 3030
3.465% 3.375%
0.63 points
$2,812 fees
$1,106 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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BMO Harris Bank
BMO Harris Bank
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4.840 %
$0 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
$0 Learn More
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Note to The Trust Company of Virginia
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Branches

The Trust Company of Virginia 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:
Fairfield,Connecticut


The Trust Company of Virginia Locations


Financial Details

The Trust Company of Virginia Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Trust Company of Virginia. 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 Trust Company of Virginia U.S. Bank Average
0% 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 Trust Company of Virginia had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $7,845,000 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
The Trust Company of Virginia U.S. Bank Average
15.33% 11.43%

The Trust Company of Virginia has a Return on Equity of 15.33% 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 Trust Company of Virginia U.S. Bank Average
93.32% 11.51%

The Trust Company of Virginia has a Capitalization of 93.32% 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 Trust Company of Virginia Balance Sheet Analysis

As of September 30, 2017, The Trust Company of Virginia had assets of $8,407,000, loans of $0, and deposits of $0. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases N.A.
Loan loss allowance N.A.
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits N.A.
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 8.41 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in The Trust Company of Virginia’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, The Trust Company of Virginia’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 nan
Multifamily
Mortgages
nan
Credit Card Loans nan
Consumer Auto Loans nan
Small Business Loans nan
Construction and Development Loans nan
Commercial Real Estate nan
Commercial and Industrial Loans nan
Farm Loans nan

Frequently Asked Questions About The Trust Company Of Virginia

Branches and Savings

Is The Trust Company Of Virginia FDIC insured?

Yes. It is covered under FDIC Certificate #58700.

Why does The Trust Company Of Virginia pay such low interest on savings accounts?

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

Why are The Trust Company Of Virginia CD rates not competitive?

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

Is The Trust Company Of Virginia a commercial bank?

Yes

Where are The Trust Company Of Virginia locations?

See branch locations nearby.

Is The Trust Company Of Virginia open on Saturdays?

Is The Trust Company Of Virginia open on Sundays?

What time does The Trust Company Of Virginia open?

What time does The Trust Company Of Virginia close?

Are The Trust Company Of Virginia ATMs Open 24/7?

Do The Trust Company Of Virginia ATMs accept cash deposits?

Can The Trust Company Of Virginia customers use other ATMs?

Do The Trust Company Of Virginia branches have notaries?

Will The Trust Company Of Virginia notarize my document?

What address for The Trust Company Of Virginia should I put for incoming ACH transfers?

Will the The Trust Company Of Virginia branch print checks?

Do The Trust Company Of Virginia checks expire?

Does The Trust Company Of Virginia require US citizenship to open account?

Can The Trust Company Of Virginia close my account?

Does The Trust Company Of Virginia Report to credit bureaus?

Does The Trust Company Of Virginia Use Equifax?

What is The Trust Company Of Virginia's ACH Routing Number?

What is The Trust Company Of Virginia's SWIFT code?

Products

Does The Trust Company Of Virginia offer mortgages?

Compare mortgage rates here.

Does The Trust Company Of Virginia offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Trust Company Of Virginia offer personal loans?

Compare personal loan rates here.

Does The Trust Company Of Virginia offer student loans?

Will The Trust Company Of Virginia cash a check?

Will The Trust Company Of Virginia redeem a savings bond?

Does The Trust Company Of Virginia cash savings bonds?

Will The Trust Company Of Virginia cash money orders?

Can The Trust Company Of Virginia issue a money order?

Does The Trust Company Of Virginia do currency exchange?

Background on The Bank

Who owns The Trust Company Of Virginia?

How long has The Trust Company Of Virginia been around?

Can The Trust Company Of Virginia transfer to other banks?

Does The Trust Company Of Virginia have quick pay?

Does The Trust Company Of Virginia accept rolled coins?

Will The Trust Company Of Virginia accept loose change?

Where is The Trust Company Of Virginia headquarters?

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