Virginia Commonwealth Bank

100 South Main Street
Kilmarnock, VA 22482

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 11200
Date Established 1930
Assets $1.08 billion
Loans $0.89 billion
Deposits $0.86 billion
Capital $0.11 billion

Virginia Commonwealth Bank is an FDIC insured institution located in Kilmarnock, VA. It was founded in 1930 and has approximately $1.08 billion in assets. Customers can open an account at one of its 18 branches.

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

Bank Loan Profile?

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

Compared to other banks in Virginia, Virginia Commonwealth Bank has a significantly higher percent of Construction and Development 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 37.74
Multifamily
Mortgages
2.89
Credit Card Loans 0.00
Consumer Auto Loans 0.62
Small Business Loans 9.23
Construction and Development Loans 12.16
Commercial Real Estate 26.96
Commercial and Industrial Loans 17.34
Farm Loans 0.00

Deposit Rates - June 17, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.75% $100 - Learn MoreShow Less
CD Rates APY MIN MAX
6 Mo CD
0.50% $1,000 - Learn MoreShow Less
12 Mo CD
1.51% $1,000 - Learn MoreShow Less
Special: 14 Mo CD
2.37% $1,000 - Learn MoreShow Less
24 Mo CD
1.71% $1,000 - Learn MoreShow Less
36 Mo CD
1.81% $1,000 - Learn MoreShow Less
Special: 37 Mo CD
2.87% $1,000 - Learn MoreShow Less
48 Mo CD
2.01% $1,000 - Learn MoreShow Less
60 Mo CD
2.42% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.66% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
2.42% $50 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $500 $2,499 Learn MoreShow Less
Int Ckg
0.10% $2,500 - Learn MoreShow Less

Loan Rates - June 17, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Virginia Commonwealth 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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.500% 4.500% 0.00 $0 $1,267 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.250% 5.250% 0.00 $0 $1,381 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info

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

Branches

Virginia Commonwealth 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 Commonwealth Bank Locations


Financial Details

Virginia Commonwealth Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Virginia Commonwealth 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 Commonwealth Bank U.S. Bank Average
7.66% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 December 31, 2018, Virginia Commonwealth Bank had $5,317,000 in non-current loans and $3,597,000 in owned real estate. To cover these potential losses it had $108,416,000 in equity and $7,902,000 in loans loss reserves. That gives it a Texas Ratio of 7.66%.

Return on Equity
Virginia Commonwealth Bank U.S. Bank Average
5.56% 8.80%

Virginia Commonwealth Bank has a Return on Equity of 5.56% versus the BestCashCow average of 8.80%. 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
Virginia Commonwealth Bank U.S. Bank Average
10.07% 12.29%

Virginia Commonwealth Bank has a Capitalization of 10.07% versus the BestCashCow average of 12.29. 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 Commonwealth Bank Balance Sheet Analysis

As of December 31, 2018, Virginia Commonwealth Bank had assets of $1,076,167,000, loans of $894,559,000, and deposits of $858,242,000. 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

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.02 billion
Total securities $0.08 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.89 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.03 billion
     Total Assets $0.97 billion
LIABILITIES
Total deposits $0.86 billion
      Interest-bearing deposits $0.73 billion
      Deposits held in domestic offices $0.86 billion
      % insured (estimated) 87.71%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.10 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.97 billion
      Shareholders’ Equity $0.11 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.04 billion
Total Interest Expense $0.01 billion
Net interest income $0.03 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.03 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Virginia Commonwealth Bank

Branches and Savings

Is Virginia Commonwealth Bank FDIC insured?

Yes. It is covered under FDIC Certificate #11200.

Why does Virginia Commonwealth 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 Commonwealth Bank CD rates not competitive?

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

Is Virginia Commonwealth Bank a commercial bank?

Yes

Where are Virginia Commonwealth Bank locations?

See branch locations nearby.

Is Virginia Commonwealth Bank open on Saturdays?

Is Virginia Commonwealth Bank open on Sundays?

What time does Virginia Commonwealth Bank open?

What time does Virginia Commonwealth Bank close?

Are Virginia Commonwealth Bank ATMs Open 24/7?

Do Virginia Commonwealth Bank ATMs accept cash deposits?

Can Virginia Commonwealth Bank customers use other ATMs?

Do Virginia Commonwealth Bank branches have notaries?

Will Virginia Commonwealth Bank notarize my document?

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

Will the Virginia Commonwealth Bank branch print checks?

Do Virginia Commonwealth Bank checks expire?

Does Virginia Commonwealth Bank require US citizenship to open account?

Can Virginia Commonwealth Bank close my account?

Does Virginia Commonwealth Bank Report to credit bureaus?

Does Virginia Commonwealth Bank Use Equifax?

What is Virginia Commonwealth Bank's ACH Routing Number?

What is Virginia Commonwealth Bank's SWIFT code?

Products

Does Virginia Commonwealth Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Virginia Commonwealth Bank offer personal loans?

Compare personal loan rates here.

Does Virginia Commonwealth Bank offer student loans?

Will Virginia Commonwealth Bank cash a check?

Will Virginia Commonwealth Bank redeem a savings bond?

Does Virginia Commonwealth Bank cash savings bonds?

Will Virginia Commonwealth Bank cash money orders?

Can Virginia Commonwealth Bank issue a money order?

Does Virginia Commonwealth Bank do currency exchange?

Background on The Bank

Who owns Virginia Commonwealth Bank?

How long has Virginia Commonwealth Bank been around?

Can Virginia Commonwealth Bank transfer to other banks?

Does Virginia Commonwealth Bank have quick pay?

Does Virginia Commonwealth Bank accept rolled coins?

Will Virginia Commonwealth Bank accept loose change?

Where is Virginia Commonwealth Bank headquarters?

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