Virginia National Bank


222 East Main Street
Charlottesville, VA 22902
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 National Bank is an FDIC insured institution located in Charlottesville, VA. It was founded in 1998 and has approximately $0.92 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 34755
Date Established 1998
Assets $ 918.61 million
Loans $ 615.45 million
Deposits $ 805.27 million
Capital $ 79.25 million

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

Deposit Rates - August 1, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - August 1, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Virginia National 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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2.812% 2.750%
0.75 points
$2,015 fees
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Featured - Connecticut Home Equity Line Of Credit Rates 2021

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After Intro: 3.750 %
Intro Period: 12 months
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Note to Virginia National Bank
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Financial Details

Virginia National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Virginia National Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Virginia National Bank U.S. Bank Average
0.48% 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 National Bank had $404,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $79,253,000 in equity and $5,615,000 in loans loss reserves. That gives it a Texas Ratio of 0.48%.

Return on Equity
Virginia National Bank U.S. Bank Average
8.55% 11.43%

Virginia National Bank has a Return on Equity of 8.55% 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.

Virginia National Bank U.S. Bank Average
8.63% 11.51%

Virginia National Bank has a Capitalization of 8.63% 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 National Bank Balance Sheet Analysis

As of March 31, 2021, Virginia National Bank had assets of $918,612,000, loans of $615,454,000, and deposits of $805,272,000. 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
Cash & Balances due from depository institutions $ 94.50 million
Interest-bearing balances $ 77.09 million
Total securities $ 173.09 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 615.45 million
Loan loss allowance $ 5.62 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.70 million
All other assets $ 26.48 million
     Total Assets $ 839.36 million
Total deposits $ 805.27 million
      Interest-bearing deposits $ 555.95 million
      Deposits held in domestic offices $ 805.27 million
      % insured (estimated) 66.83%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 33.39 million
Subordinated debt N.A.
All other liabilities $ 0.70 million
      Total Liabilities $ 839.36 million
      Shareholders’ Equity $ 79.25 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 6.67 million
Total Interest Expense $ 0.69 million
Net interest income $ 5.97 million
Provision for loan and lease losses $ 0.35 million
Total non interest income $ 0.91 million
Total non interest expense $ 4.39 million
Pre-tax Net Operating Income $ 2.14 million

Bank Loan Profile?

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

Compared to other banks, Virginia National 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 21.00
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 0.00
Construction and Development Loans 4.27
Commercial Real Estate 37.01
Commercial and Industrial Loans 19.75
Farm Loans 0.01

Frequently Asked Questions About Virginia National Bank

Branches and Savings

Is Virginia National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34755.

Why does Virginia National 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 National Bank CD rates not competitive?

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

Is Virginia National Bank a commercial bank?


Where are Virginia National Bank locations?

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Is Virginia National Bank open on Saturdays?

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Do Virginia National Bank checks expire?

Does Virginia National Bank require US citizenship to open account?

Can Virginia National Bank close my account?

Does Virginia National Bank Report to credit bureaus?

Does Virginia National Bank Use Equifax?

What is Virginia National Bank's ACH Routing Number?

What is Virginia National Bank's SWIFT code?


Does Virginia National Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Virginia National Bank offer personal loans?

Compare personal loan rates here.

Does Virginia National Bank offer student loans?

Will Virginia National Bank cash a check?

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Does Virginia National Bank cash savings bonds?

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Can Virginia National Bank issue a money order?

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Background on The Bank

Who owns Virginia National Bank?

How long has Virginia National Bank been around?

Can Virginia National Bank transfer to other banks?

Does Virginia National Bank have quick pay?

Does Virginia National Bank accept rolled coins?

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