Virginia Heritage Bank

Headquarters

11166 Fairfax Blvd, Suite 100
Fairfax, VA 22030
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.65% →
1-Year CD N.A. 0.67% →
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 Heritage Bank is an FDIC insured institution located in Fairfax, VA. It was founded in 2005 and has approximately $0.95 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58174
Date Established 2005
Assets $ 951.67 million
Loans $ 795.58 million
Deposits $ 742.83 million
Capital $ 106.19 million
 

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

Deposit Rates - May 6, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - May 6, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Virginia Heritage 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
Quicken Loans NMLS #3030
NMLS ID: 3030
3.368% 3.250%
1.00 points
$3,750 fees
$1,089 Learn More
First Internet Bank
NMLS ID: 424182
2.782% 2.750%
0.38 points
$1,045 fees
$1,021 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
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Virginia Heritage Bank
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Branches

Virginia Heritage 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 Heritage Bank Locations


Financial Details

Virginia Heritage Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Virginia Heritage 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 Heritage Bank U.S. Bank Average
2.23% 5.49%

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 December 31, 2020, Virginia Heritage Bank had $2,461,000 in non-current loans and $136,000 in owned real estate. To cover these potential losses it had $106,188,000 in equity and $10,301,000 in loans loss reserves. That gives it a Texas Ratio of 2.23%.

Return on Equity
Virginia Heritage Bank U.S. Bank Average
8.94% 9.24%

Virginia Heritage Bank has a Return on Equity of 8.94% versus the BestCashCow average of 9.24%. 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 Heritage Bank U.S. Bank Average
11.16% 11.96%

Virginia Heritage Bank has a Capitalization of 11.16% versus the BestCashCow average of 11.96. 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 Heritage Bank Balance Sheet Analysis

As of September 30, 2014, Virginia Heritage Bank had assets of $951,668,000, loans of $795,577,000, and deposits of $742,829,000. 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, 2020
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 $ 795.58 million
Loan loss allowance $ 10.30 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.14 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 742.83 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 $ 951.67 million

Summary Income Statement

December 31, 2020
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 Heritage Bank’s loan portfolio are Commercial Real Estate, Construction and Development Loans, and Consumer Auto Loans.

Compared to other banks in Virginia, Virginia Heritage Bank has a significantly higher percent of Consumer Auto Loans, 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 9.00
Multifamily
Mortgages
1.96
Credit Card Loans 0.00
Consumer Auto Loans 14.44
Small Business Loans 10.10
Construction and Development Loans 17.60
Commercial Real Estate 48.84
Commercial and Industrial Loans 8.23
Farm Loans 0.00

Frequently Asked Questions About Virginia Heritage Bank

Branches and Savings

Is Virginia Heritage Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58174.

Why does Virginia Heritage 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 Heritage Bank CD rates not competitive?

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

Is Virginia Heritage Bank a commercial bank?

Yes

Where are Virginia Heritage Bank locations?

See branch locations nearby.

Is Virginia Heritage Bank open on Saturdays?

Is Virginia Heritage Bank open on Sundays?

What time does Virginia Heritage Bank open?

What time does Virginia Heritage Bank close?

Are Virginia Heritage Bank ATMs Open 24/7?

Do Virginia Heritage Bank ATMs accept cash deposits?

Can Virginia Heritage Bank customers use other ATMs?

Do Virginia Heritage Bank branches have notaries?

Will Virginia Heritage Bank notarize my document?

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

Will the Virginia Heritage Bank branch print checks?

Do Virginia Heritage Bank checks expire?

Does Virginia Heritage Bank require US citizenship to open account?

Can Virginia Heritage Bank close my account?

Does Virginia Heritage Bank Report to credit bureaus?

Does Virginia Heritage Bank Use Equifax?

What is Virginia Heritage Bank's ACH Routing Number?

What is Virginia Heritage Bank's SWIFT code?

Products

Does Virginia Heritage Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Virginia Heritage Bank offer personal loans?

Compare personal loan rates here.

Does Virginia Heritage Bank offer student loans?

Will Virginia Heritage Bank cash a check?

Will Virginia Heritage Bank redeem a savings bond?

Does Virginia Heritage Bank cash savings bonds?

Will Virginia Heritage Bank cash money orders?

Can Virginia Heritage Bank issue a money order?

Does Virginia Heritage Bank do currency exchange?

Background on The Bank

Who owns Virginia Heritage Bank?

How long has Virginia Heritage Bank been around?

Can Virginia Heritage Bank transfer to other banks?

Does Virginia Heritage Bank have quick pay?

Does Virginia Heritage Bank accept rolled coins?

Will Virginia Heritage Bank accept loose change?

Where is Virginia Heritage Bank headquarters?

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