Virginia National Bank

Headquarters

222 East Main Street
Charlottesville, VA 22902
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.87% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.81% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

Virginia National Bank is an FDIC insured institution located in Charlottesville, VA. It was founded in 1998 and has approximately $1.91 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 34755
Date Established 1998
Assets $ 1,911.51 million
Loans $ 1,106.83 million
Deposits $ 1,738.28 million
Capital $ 162.46 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 - January 18, 2022

Your Current Location: Virginia, VA 20146

 

Loan Rates - January 18, 2022

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
4.056% 3.990%
0.63 points
$2,002 fees
$1,193 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

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

Note to Virginia National Bank
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Branches

Virginia National 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 National Bank Locations



Climate Initiatives

Virginia National Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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 BestCashCow.com 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
1.45% 4.33%

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 September 30, 2021, Virginia National Bank had $1,821,000 in non-current loans and $611,000 in owned real estate. To cover these potential losses it had $162,463,000 in equity and $5,623,000 in loans loss reserves. That gives it a Texas Ratio of 1.45%.

Return on Equity
Virginia National Bank U.S. Bank Average
7.36% 11.13%

Virginia National Bank has a Return on Equity of 7.36% versus the BestCashCow average of 11.13%. 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 National Bank U.S. Bank Average
8.5% 11.79%

Virginia National Bank has a Capitalization of 8.5% versus the BestCashCow average of 11.79. 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 September 30, 2021, Virginia National Bank had assets of $1,911,510,000, loans of $1,106,827,000, and deposits of $1,738,284,000. 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

September 30, 2021
ASSETS
Cash & Balances due from depository institutions $ 425.18 million
Interest-bearing balances $ 406.61 million
Total securities $ 277.05 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,106.83 million
Loan loss allowance $ 5.62 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.61 million
Goodwill and other intangibles $ 17.04 million
All other assets $ 51.61 million
     Total Assets $ 1,749.05 million
LIABILITIES
Total deposits $ 1,738.28 million
      Interest-bearing deposits $ 1,232.49 million
      Deposits held in domestic offices $ 1,738.28 million
      % insured (estimated) 71.95%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 7.46 million
Subordinated debt N.A.
All other liabilities $ 3.30 million
      Total Liabilities $ 1,749.05 million
      Shareholders’ Equity $ 162.46 million

Summary Income Statement

September 30, 2021
INCOME AND EXPENSES
Total Interest Income $ 34.93 million
Total Interest Expense $ 2.21 million
Net interest income $ 32.73 million
Provision for loan and lease losses $ 0.48 million
Total non interest income $ 6.97 million
Total non interest expense $ 30.95 million
Pre-tax Net Operating Income $ 8.27 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 32.50
Multifamily
Mortgages
4.81
Credit Card Loans 0.01
Consumer Auto Loans 0.07
Small Business Loans 0.00
Construction and Development Loans 8.32
Commercial Real Estate 37.19
Commercial and Industrial Loans 10.39
Farm Loans 0.01

Customer Reviews for Virginia National Bank


  • November 23, 2021

    Unfortunately I cannot recommend this bank. I was a TFB customer with three accounts when the merger with VNB took place. Now banking is a struggle. (And there are additional fees.) Constantly there is trouble with personal online banking. On screen of my phone they ALWAYS advise that either my username or password are wrong. When I try again and get the same message they lock the account and I have to call in. There is ALWAYS a discussion with the representative (which I never win). The representative wants to explain everything (but all I've called for is to get the account unlocked so I can go about my day). (The recorded messages when you call in talks about a "community" bank, how they are "local", how they "know your name", that it is "about people". Well I'm sorry, it's not.) The representative ALWAYS has the attitude that what the bank is doing, what its procedures are, etc., is right. They then put the fault on you that you are not using the right user name or the right password. BUT - when I get to my laptop? I use the SAME user name and password and, guess what? The account comes up. So, obviously, they have a problem. And don't get me started on the two layer identification thing! I have closed two of the three accounts and plan to close the third. Now I bank at Atlantic Union. (No they are not paying me to say that....)

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