Virginia Company Bank

Headquarters

11801 Merchants Walk
Newport News, VA 23606
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
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 Company Bank is an FDIC insured institution located in Newport News, VA. It was founded in 2005 and has approximately $0.13 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58147
Date Established 2005
Assets $ 127.93 million
Loans $ 100.66 million
Deposits $ 108.43 million
Capital $ 12.30 million
 

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

Deposit Rates - August 4, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - August 4, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Virginia Company 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

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NMLS ID: 541760
2.751% 2.675%
1.00 points
$2,490 fees
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Featured - Connecticut Home Equity Line Of Credit Rates 2021

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Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
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Third Federal Savings and Loan
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2.240 %
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Note to Virginia Company Bank
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Branches

Virginia Company 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 Company Bank Locations


Financial Details

Virginia Company Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Virginia Company 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 Company Bank U.S. Bank Average
5.79% 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 Company Bank had $399,000 in non-current loans and $376,000 in owned real estate. To cover these potential losses it had $12,301,000 in equity and $1,085,000 in loans loss reserves. That gives it a Texas Ratio of 5.79%.

Return on Equity
Virginia Company Bank U.S. Bank Average
-5.34% 11.43%

Virginia Company Bank has a Return on Equity of -5.34% 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 Company Bank U.S. Bank Average
9.62% 11.51%

Virginia Company Bank has a Capitalization of 9.62% 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 Company Bank Balance Sheet Analysis

As of September 30, 2014, Virginia Company Bank had assets of $127,925,000, loans of $100,662,000, and deposits of $108,431,000. 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 $ 100.66 million
Loan loss allowance $ 1.09 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.38 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 108.43 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 $ 127.93 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 Company Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Virginia, Virginia Company Bank has a significantly higher percent of Small Business 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 20.95
Multifamily
Mortgages
3.63
Credit Card Loans 0.00
Consumer Auto Loans 0.11
Small Business Loans 31.06
Construction and Development Loans 6.74
Commercial Real Estate 49.52
Commercial and Industrial Loans 18.78
Farm Loans 0.00

Frequently Asked Questions About Virginia Company Bank

Branches and Savings

Is Virginia Company Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58147.

Why does Virginia Company 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 Company Bank CD rates not competitive?

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

Is Virginia Company Bank a commercial bank?

Yes

Where are Virginia Company Bank locations?

See branch locations nearby.

Is Virginia Company Bank open on Saturdays?

Is Virginia Company Bank open on Sundays?

What time does Virginia Company Bank open?

What time does Virginia Company Bank close?

Are Virginia Company Bank ATMs Open 24/7?

Do Virginia Company Bank ATMs accept cash deposits?

Can Virginia Company Bank customers use other ATMs?

Do Virginia Company Bank branches have notaries?

Will Virginia Company Bank notarize my document?

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

Will the Virginia Company Bank branch print checks?

Do Virginia Company Bank checks expire?

Does Virginia Company Bank require US citizenship to open account?

Can Virginia Company Bank close my account?

Does Virginia Company Bank Report to credit bureaus?

Does Virginia Company Bank Use Equifax?

What is Virginia Company Bank's ACH Routing Number?

What is Virginia Company Bank's SWIFT code?

Products

Does Virginia Company Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Virginia Company Bank offer personal loans?

Compare personal loan rates here.

Does Virginia Company Bank offer student loans?

Will Virginia Company Bank cash a check?

Will Virginia Company Bank redeem a savings bond?

Does Virginia Company Bank cash savings bonds?

Will Virginia Company Bank cash money orders?

Can Virginia Company Bank issue a money order?

Does Virginia Company Bank do currency exchange?

Background on The Bank

Who owns Virginia Company Bank?

How long has Virginia Company Bank been around?

Can Virginia Company Bank transfer to other banks?

Does Virginia Company Bank have quick pay?

Does Virginia Company Bank accept rolled coins?

Will Virginia Company Bank accept loose change?

Where is Virginia Company Bank headquarters?

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