Virginia Savings Bank, F.S.B.

Headquarters

600 Commerce Avenue
Front Royal, VA 22630
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
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 Savings Bank, F.S.B. is an FDIC insured institution located in Front Royal, VA. It was founded in 1980 and has approximately $0.13 billion in assets.

FDIC Insured Yes
FDIC Certificate # 32039
Date Established 1980
Assets $ 132.91 million
Loans $ 83.67 million
Deposits $ 120.16 million
Capital $ 12.13 million
 

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

Deposit Rates - September 24, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - September 24, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Virginia Savings Bank, F.S.B.

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
Rocket Mortgage
NMLS ID: 3030
3.368% 3.250%
1.00 points
$3,750 fees
$1,089 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
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BMO Harris Bank
BMO Harris Bank
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Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
$0 Learn More
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Note to Virginia Savings Bank, F.S.B.
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Branches

Virginia Savings Bank, F.S.B. 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 Savings Bank, F.S.B. Locations


Financial Details

Virginia Savings Bank, F.S.B. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Virginia Savings Bank, F.S.B.. 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 Savings Bank, F.S.B. U.S. Bank Average
11.75% 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 Savings Bank, F.S.B. had $539,000 in non-current loans and $990,000 in owned real estate. To cover these potential losses it had $12,125,000 in equity and $885,000 in loans loss reserves. That gives it a Texas Ratio of 11.75%.

Return on Equity
Virginia Savings Bank, F.S.B. U.S. Bank Average
3.34% 11.43%

Virginia Savings Bank, F.S.B. has a Return on Equity of 3.34% 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 Savings Bank, F.S.B. U.S. Bank Average
9.12% 11.51%

Virginia Savings Bank, F.S.B. has a Capitalization of 9.12% 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 Savings Bank, F.S.B. Balance Sheet Analysis

As of March 31, 2012, Virginia Savings Bank, F.S.B. had assets of $132,911,000, loans of $83,673,000, and deposits of $120,158,000. 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 $ 83.67 million
Loan loss allowance $ 0.89 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.99 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 120.16 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 $ 132.91 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 Savings Bank, F.S.B.’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Virginia Savings Bank, F.S.B.’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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Virginia Savings Bank, F.s.b.

Branches and Savings

Is Virginia Savings Bank, F.s.b. FDIC insured?

Yes. It is covered under FDIC Certificate #32039.

Why does Virginia Savings Bank, F.s.b. pay such low interest on savings accounts?

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

Why are Virginia Savings Bank, F.s.b. CD rates not competitive?

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

Is Virginia Savings Bank, F.s.b. a commercial bank?

Yes

Where are Virginia Savings Bank, F.s.b. locations?

See branch locations nearby.

Is Virginia Savings Bank, F.s.b. open on Saturdays?

Is Virginia Savings Bank, F.s.b. open on Sundays?

What time does Virginia Savings Bank, F.s.b. open?

What time does Virginia Savings Bank, F.s.b. close?

Are Virginia Savings Bank, F.s.b. ATMs Open 24/7?

Do Virginia Savings Bank, F.s.b. ATMs accept cash deposits?

Can Virginia Savings Bank, F.s.b. customers use other ATMs?

Do Virginia Savings Bank, F.s.b. branches have notaries?

Will Virginia Savings Bank, F.s.b. notarize my document?

What address for Virginia Savings Bank, F.s.b. should I put for incoming ACH transfers?

Will the Virginia Savings Bank, F.s.b. branch print checks?

Do Virginia Savings Bank, F.s.b. checks expire?

Does Virginia Savings Bank, F.s.b. require US citizenship to open account?

Can Virginia Savings Bank, F.s.b. close my account?

Does Virginia Savings Bank, F.s.b. Report to credit bureaus?

Does Virginia Savings Bank, F.s.b. Use Equifax?

What is Virginia Savings Bank, F.s.b.'s ACH Routing Number?

What is Virginia Savings Bank, F.s.b.'s SWIFT code?

Products

Does Virginia Savings Bank, F.s.b. offer mortgages?

Compare mortgage rates here.

Does Virginia Savings Bank, F.s.b. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Virginia Savings Bank, F.s.b. offer personal loans?

Compare personal loan rates here.

Does Virginia Savings Bank, F.s.b. offer student loans?

Will Virginia Savings Bank, F.s.b. cash a check?

Will Virginia Savings Bank, F.s.b. redeem a savings bond?

Does Virginia Savings Bank, F.s.b. cash savings bonds?

Will Virginia Savings Bank, F.s.b. cash money orders?

Can Virginia Savings Bank, F.s.b. issue a money order?

Does Virginia Savings Bank, F.s.b. do currency exchange?

Background on The Bank

Who owns Virginia Savings Bank, F.s.b.?

How long has Virginia Savings Bank, F.s.b. been around?

Can Virginia Savings Bank, F.s.b. transfer to other banks?

Does Virginia Savings Bank, F.s.b. have quick pay?

Does Virginia Savings Bank, F.s.b. accept rolled coins?

Will Virginia Savings Bank, F.s.b. accept loose change?

Where is Virginia Savings Bank, F.s.b. headquarters?

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