Virginia Business Bank

Headquarters

9020 Stony Point Parkway, Suite 225
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

Virginia Business Bank is an FDIC insured institution located in Richmond, VA. It was founded in 2006 and has approximately $0.08 billion in assets.

Closed by FDIC on July 29, 2011 and assets transferred to Xenith Bank.

FDIC Insured Yes
FDIC Certificate # 58283
Date Established 2006
Assets $ 83.49 million
Loans $ 65.74 million
Deposits $ 72.96 million
Capital $ 0.50 million
 

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

Deposit Rates - July 30, 2021

Your Current Location: Virginia, VA 20146

 

Loan Rates - July 30, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Virginia Business Bank

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
PADDIO
NMLS ID: 1907
2.789% 2.750%
-0.50 points
$1,250 fees
$1,021 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
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
BMO Harris Bank
BMO Harris Bank
See Table
4.840 %
$0 Learn More
More Info

Note to Virginia Business Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Virginia Business Bank 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


Virginia Business Bank Locations


Financial Details

Virginia Business Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Virginia Business Bank. 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
Virginia Business Bank U.S. Bank Average
218.43% 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, Virginia Business Bank had $6,000,000 in non-current loans and $2,484,000 in owned real estate. To cover these potential losses it had $499,000 in equity and $3,385,000 in loans loss reserves. That gives it a Texas Ratio of 218.43%.

Return on Equity
Virginia Business Bank U.S. Bank Average
-368.69% 11.43%

Virginia Business Bank has a Return on Equity of -368.69% 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
Virginia Business Bank U.S. Bank Average
0.6% 11.51%

Virginia Business Bank has a Capitalization of 0.6% 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.

Virginia Business Bank Balance Sheet Analysis

As of June 30, 2011, Virginia Business Bank had assets of $83,493,000, loans of $65,744,000, and deposits of $72,955,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 65.74 million
Loan loss allowance $ 3.39 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.48 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 72.96 million
      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 $ 83.49 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 Virginia Business Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Virginia Business Bank’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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Virginia Business Bank

Branches and Savings

Is Virginia Business Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58283.

Why does Virginia Business Bank pay such low interest on savings accounts?

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

Why are Virginia Business Bank CD rates not competitive?

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

Is Virginia Business Bank a commercial bank?

Yes

Where are Virginia Business Bank locations?

See branch locations nearby.

Is Virginia Business Bank open on Saturdays?

Is Virginia Business Bank open on Sundays?

What time does Virginia Business Bank open?

What time does Virginia Business Bank close?

Are Virginia Business Bank ATMs Open 24/7?

Do Virginia Business Bank ATMs accept cash deposits?

Can Virginia Business Bank customers use other ATMs?

Do Virginia Business Bank branches have notaries?

Will Virginia Business Bank notarize my document?

What address for Virginia Business Bank should I put for incoming ACH transfers?

Will the Virginia Business Bank branch print checks?

Do Virginia Business Bank checks expire?

Does Virginia Business Bank require US citizenship to open account?

Can Virginia Business Bank close my account?

Does Virginia Business Bank Report to credit bureaus?

Does Virginia Business Bank Use Equifax?

What is Virginia Business Bank's ACH Routing Number?

What is Virginia Business Bank's SWIFT code?

Products

Does Virginia Business Bank offer mortgages?

Compare mortgage rates here.

Does Virginia Business Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Virginia Business Bank offer personal loans?

Compare personal loan rates here.

Does Virginia Business Bank offer student loans?

Will Virginia Business Bank cash a check?

Will Virginia Business Bank redeem a savings bond?

Does Virginia Business Bank cash savings bonds?

Will Virginia Business Bank cash money orders?

Can Virginia Business Bank issue a money order?

Does Virginia Business Bank do currency exchange?

Background on The Bank

Who owns Virginia Business Bank?

How long has Virginia Business Bank been around?

Can Virginia Business Bank transfer to other banks?

Does Virginia Business Bank have quick pay?

Does Virginia Business Bank accept rolled coins?

Will Virginia Business Bank accept loose change?

Where is Virginia Business Bank headquarters?

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