Virginia Commerce Bank

Headquarters

5350 Lee Highway
Arlington, VA 22207
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
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 Commerce Bank is an FDIC insured institution located in Arlington, VA. It was founded in 1988 and has approximately $2.74 billion in assets.

FDIC Insured Yes
FDIC Certificate # 27249
Date Established 1988
Assets $ 2.74 billion
Loans $ 2.03 billion
Deposits $ 2.08 billion
Capital $ 302.20 million
 

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

Deposit Rates - September 24, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - September 24, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Virginia Commerce Bank

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
Learn More
Better.com
NMLS ID: 330511
3.064% 3.000%
0.88 points
$2,050 fees
$1,055 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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Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$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 Virginia Commerce Bank
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Branches

Virginia Commerce 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:
Fairfield,Connecticut


Virginia Commerce Bank Locations


Financial Details

Virginia Commerce Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Virginia Commerce 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 Commerce Bank U.S. Bank Average
11.98% 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 Commerce Bank had $32,435,000 in non-current loans and $8,445,000 in owned real estate. To cover these potential losses it had $302,201,000 in equity and $38,932,000 in loans loss reserves. That gives it a Texas Ratio of 11.98%.

Return on Equity
Virginia Commerce Bank U.S. Bank Average
10.87% 11.43%

Virginia Commerce Bank has a Return on Equity of 10.87% 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 Commerce Bank U.S. Bank Average
11.02% 11.51%

Virginia Commerce Bank has a Capitalization of 11.02% 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 Commerce Bank Balance Sheet Analysis

As of December 31, 2013, Virginia Commerce Bank had assets of $2,742,790,000, loans of $2,028,935,000, and deposits of $2,084,946,000. 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 $ 2.03 billion
Loan loss allowance $ 38.93 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 8.45 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 2.08 billion
      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 $ 2.74 billion

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 Commerce Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Virginia, Virginia Commerce Bank has a significantly higher percent of Construction and Development Loans, Commercial Real Estate 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 20.39
Multifamily
Mortgages
3.99
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 8.52
Construction and Development Loans 12.90
Commercial Real Estate 53.46
Commercial and Industrial Loans 10.68
Farm Loans 0.00

Frequently Asked Questions About Virginia Commerce Bank

Branches and Savings

Is Virginia Commerce Bank FDIC insured?

Yes. It is covered under FDIC Certificate #27249.

Why does Virginia Commerce 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 Commerce Bank CD rates not competitive?

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

Is Virginia Commerce Bank a commercial bank?

Yes

Where are Virginia Commerce Bank locations?

See branch locations nearby.

Is Virginia Commerce Bank open on Saturdays?

Is Virginia Commerce Bank open on Sundays?

What time does Virginia Commerce Bank open?

What time does Virginia Commerce Bank close?

Are Virginia Commerce Bank ATMs Open 24/7?

Do Virginia Commerce Bank ATMs accept cash deposits?

Can Virginia Commerce Bank customers use other ATMs?

Do Virginia Commerce Bank branches have notaries?

Will Virginia Commerce Bank notarize my document?

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

Will the Virginia Commerce Bank branch print checks?

Do Virginia Commerce Bank checks expire?

Does Virginia Commerce Bank require US citizenship to open account?

Can Virginia Commerce Bank close my account?

Does Virginia Commerce Bank Report to credit bureaus?

Does Virginia Commerce Bank Use Equifax?

What is Virginia Commerce Bank's ACH Routing Number?

What is Virginia Commerce Bank's SWIFT code?

Products

Does Virginia Commerce Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Virginia Commerce Bank offer personal loans?

Compare personal loan rates here.

Does Virginia Commerce Bank offer student loans?

Will Virginia Commerce Bank cash a check?

Will Virginia Commerce Bank redeem a savings bond?

Does Virginia Commerce Bank cash savings bonds?

Will Virginia Commerce Bank cash money orders?

Can Virginia Commerce Bank issue a money order?

Does Virginia Commerce Bank do currency exchange?

Background on The Bank

Who owns Virginia Commerce Bank?

How long has Virginia Commerce Bank been around?

Can Virginia Commerce Bank transfer to other banks?

Does Virginia Commerce Bank have quick pay?

Does Virginia Commerce Bank accept rolled coins?

Will Virginia Commerce Bank accept loose change?

Where is Virginia Commerce Bank headquarters?

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